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Home Featured News

Emefiele Granted 20m Bail, Says He’s not Guilty

by NationalInsight
July 25, 2023
in News
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The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has pleaded not guilty charge of illegal possession of firearms brought against him by the Ministry of Justice

Emefiele who appears before a Federal High Court Lagos on Tuesday morning. was arraigned on a two-count charge bordering on unlicenced possession of firearms.

He was alleged to be in possessing a single-barrel shotgun (JOJEFF MAGNUM 8371) without a licence.

He was brought into court six weeks after he was arrested and detained by the Department of State Services (DSS).

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Emefiele’s lawyer, Mr. Joseph Daudu, SAN,who applied for his bail after his client pleaded not guilty to the two-count charge contended that the offence for which Emefiele was changed is bailable

Justice Nicolas Oweibo, trial judge in the matter however  granted him  bail in the sum of N20 million and a surety in like sum

President Bola Tinubu had suspended Emefiele as the apex bank chief on June 9, 2023. A day after, the DSS confirmed that the embattled, suspended CBN chief was in its custody

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