Breaking: Alleged Gun Possession: Court Grants Emefiele N20m Bail

Wale Igbintade

Justice Nicholas Oweibo of the Federal High Court sitting in Lagos has granted bail to the suspended Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, in his alleged gun possession trial.

Justice Nicholas Oweibo released Mr. Emefiele on a N20million bail bond with one surety in like sum.

The judge made the order following the banker’s “not guilty” plea to a two-count charge filed against him by the Federal Ministry of Justice.

He rejected the Federal Government’s claim that Emefiele was a flight risk. The judge ruled that the government failed to provide any fact to support its claim.

Emefiele, 61, had filed the application through his team of counsel led by Chief Joseph Daudu, SAN, a former President of the Nigerian Bar Association.

Details shortly…