BREAKING: Emefiele granted N20m bail

The suspended Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been granted bail by a Federal High Court in Lagos on Tuesday. The court granted him bail in the sum of N20 million with a surety in a like sum.

This bail decision comes in the wake of a two-count charge of illegal possession of firearms that was brought against him by the Department of State Service (DSS). Emefiele had been in DSS custody for over a month prior to this hearing.

Emefiele’s lawyer, Mr. Joseph Daudu, Senior Advocate of Nigeria (SAN), argued for bail on behalf of his client, emphasizing that the offense for which Emefiele was charged is bailable.

The former CBN Governor arrived at the court in a white Hillux Pick-up van, with the plate number concealed, at approximately 9.23 a.m. He was accompanied by an unidentified female who provided assistance as he stepped down from the van.

The case is being presided over by Justice Nicolas Oweibo, who conducted the hearing in his courtroom.