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By Adedapo Adesanya
The Federal Excessive Court docket sitting in Lagos has granted bail to the suspended Governor of the Central Financial institution of Nigeria (CBN), Mr Godwin Emefiele, within the sum of N20 million with one surety in like sum.
Justice Nicholas Oweibo granted bail to Mr Emefiele after listening to the submissions of his counsel, Mr Joseph Daudu (SAN).
Enterprise Publish had reported that the embattled Mr Emefiele was arraigned on the Ikoyi courtroom on two counts of unlawful possession of firearm and ammunition on Tuesday following a go well with introduced by the Division of State Providers (DSS).
After multiple month within the web of the company, the banker was arraigned earlier than the holiday choose, Justice Nicholas Oweibo.
Former President of the Nigerian Bar Affiliation (NBA), Mr Daudu, was the chief in Mr Emefiele’s defence.
The suspended apex financial institution chief had pleaded not responsible to the fees introduced towards him.
After the plea, his counsel instructed the courtroom that his consumer had been in detention for weeks, informing Justice Oweibo that the appliance for bail had been filed and served on the prosecution.
This may mark his first look since he was seen in a viral video being marched onto a ready plane in June.
Mr Emefiele’s travails had began after President Bola Tinubu criticised the CBN’s dealing with of the nation’s financial insurance policies at his inauguration on Could 29.
He later suspended Mr Emefiele because the apex financial institution chief on June 9, 2023. And the following day, the DSS confirmed that the embattled, suspended CBN chief was in its custody.
An Abuja Excessive Court docket on July 13, 2023, subsequently ordered that the key police cost Mr Emefiele to courtroom inside one week or launch him.
Following the courtroom order, the DSS stated Mr Emefiele had been charged to courtroom in compliance with the courtroom order.
The federal authorities later filed two counts of unlawful possession of firearms and ammunition towards Emefiele earlier than the Federal Excessive Court docket in Lagos on two counts of unlawful possession of firearms and ammunition.
The federal government maintained that the offence is opposite to Part 4 of the Firearms Act, Cap F28 Legal guidelines of the Federation 2004, and punishable below Part 27 (1b) of the identical Act.
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