Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria, was granted bail in the sum of N20 million with one surety in the same quantity on Tuesday by the Federal High Court in Lagos State.
He was granted bail after pleading not guilty to the two counts of illegal possession of guns and ammunition.
Emefiele is facing two counts of unlawful possession of guns and ammunition, which the Federal Ministry of Justice has filed against him before the vacation judge, Justice Nicholas Oweibo.
The Ministry of Justice is charging him with illegally carrying a single-barreled shotgun (JOJEFF MAGNUM 8371).
He is also charged with illegally possessing 23 rounds of live ammunition (cartridges) without a permit.
The defendant committed the offences on June 15, 2023, at No. 3b Iru Close, Ikoyi area of Lagos.
