Court Grants Emefiele N20m Bail

A federal high court in Lagos has granted bail to Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN), in the sum of N20 million.

In a ruling on Tuesday, Nicholas Oweibo, the presiding judge, said the charges against Emefiele are bailable.

The bail was granted with one surety.

Earlier, Emefiele pleaded not guilty to the two-count charge bordering on alleged illegal possession of firearms preferred against him.