June 19, 2024

The embattled Central Bank of Nigeria (CBN) governor, Godwin Emefiele, was granted bail of N20 million by Justice Nicholas Oweibo of the Federal High Court in Lagos. Emefiele is facing charges related to possessing a single-barrel shotgun and 123 rounds of live ammunition without licenses, to which he pleaded not guilty. The defense argued that he is not a flight risk and had already suffered due to his detention. The prosecutor objected, claiming he could tamper with evidence. The court ruled in favor of bail, requiring one surety with a landed property and adjourned the case until November 14 for trial.

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