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Home Central Bank of Nigeria

Court grants Emefiele N20m bail

Nigerian Canadian Newspaper Canada by Nigerian Canadian Newspaper Canada
July 25, 2023
in Central Bank of Nigeria, Law
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Court grants Emefiele N20m bail

Succor came the way of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, as a Federal High Court sitting in Lagos granted him bail in the sum of N20 million.

While granting the bail, the presiding judge, Justice Nicholas Oweibo, ordered that Emefiele produce a surety in like sum.

Emefiele was arraigned before Justice Oweibo on a two-count charge of illegal possession of firearm levelled against him by the Department of State Service (DSS).

Emefiele’s lawyer, Mr Joseph Daudu (SAN) applied for his bail after he pleaded not guilty to the two-count charge and contended that the offence for which Emefiele was charged is bailable.

Recall that Emefiele was suspended from office by President Bola Ahmed Tinubu on June 9, 2023 and was arrested by the DSS the following day. He has been in the custody of the secret police since then.

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