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Breaking: Court Grants Emefiele N20M Bail

Pat Stevens/

The suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, was today granted bail in the sum of N20 million with one surety in like sum by the Federal High Court in Lagos State.

He was granted bail after pleading not guilty to the two counts bordering on alleged illegal possession of firearms and ammunition, preferred against him by the Federal Ministry of Justice

Emefiele is standing trial before the vacation judge, Justice Nicholas Oweibo.

The ministry of justice is prosecuting him on charges of possessing a single-barrelled shotgun (JOJEFF MAGNUM 8371) without a licence.

He is also accused of illegally being in possession of 23 rounds of live ammunition (cartridges) without a licence.

The defendant committed the offences on June 15, 2023, at No. 3b Iru Close, Ikoyi area of Lagos.

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