By Kamil Opeyemi
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.
In a ruling on Tuesday, Nicholas Oweibo, the presiding judge, said the charges against Emefiele are bailable.
Earlier, Emefiele pleaded not guilty to the two-count charge bordering on alleged illegal possession of firearms preferred against him.
Justice Oweibo granted bail to Emefiele after listening to the submissions of Emefiele’s counsel, Joseph Daudu (SAN).
The judge rejected the Federal Government’s claim that Emefiele was a flight risk.
He ruled that the government failed to provide any fact to support its claim.
Emefiele had been in the custody of the Department of State Services (DSS) a day after President Bola Tinubu suspended him on June 9
Details later…..