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BREAKING: Court Grants Emefiele N20m Bail

The Federal High Court in Lagos State on Tuesday granted bail to Godwin Emefiele, the Central Bank of Nigeria’s suspended governor, in the amount of N20 million with one surety in the same amount.

After entering a not guilty plea to the two counts relating to the alleged illegal possession of firearms and ammunition, he was given bail.

The Federal Ministry of Justice has filed two counts of illegal possession of firearms and ammunition against Emefiele before the temporary court, Justice Nicholas Oweibo.

The ministry of justice is prosecuting him on charges of possessing a single-barrelled shotgun (JOJEFF MAGNUM 8371) without a licence.

He is also accused of illegally being in possession of 23 rounds of live ammunition (cartridges) without a licence.

The defendant committed the offences on June 15, 2023, at No. 3b Iru Close, Ikoyi area of Lagos.

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