NIGERIA- The Federal High Court Sitting in Lagos has granted bail to the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in the sum of N20m with one surety in like sum.
Justice Nicholas Oweibo granted bail to Emefiele after listening to the submissions of Emefiele’s counsel, Joseph Daudu (SAN).
Suspended CBN Governor, Godwin Emefiele arrives at the Federal High Court for his arraignment on a two-count charge of illegal possession of firearms and ammunition.
The judge rejected the Federal Government’s claim that Emefiele was a flight risk.
He ruled that the government failed to provide any facts to support its claim.
President Bola Tinubu had suspended Emefiele as the apex bank chief on June 9, 2023. A day after, the Department of State Services (DSS) confirmed that the embattled and suspended CBN chief was in its custody.
Bail Conditions:
In his ruling on the bail application, Justice Oweibo said, “I find and hold that the prosecution has failed to establish why the defendant should not be granted bail.
“Consequently the defendant is admitted to bail in the sum of 20 million naira with one surety in like sum.
“The surety must be owner of a landed property within the jurisdiction of the court who must not be less than Level 16 in the Nigerian Civil Service.
“The defendant must deposit his international passport to the court.
“Case is adjourned to 14th of November for trial.”
