EMEFIELE GRANTED BAIL SIX WEEKS AFTER DSS ARREST

The sum of twenty million naira (N20m) has been granted as the bail condition for the suspended CBN governor, Godwin Emefiele. This was granted by Justice Nicholas of the Federal High Court sitting in Lagos. The court also ordered that Emefiele be held at the Ikoyi Correctional Centre till when the bail condition is met.

The federal government filed a two count charge of illegal possession of firearm and amunition against Emefiele, which he pleaded not guilty. November 14 has been fixed has trial date.

Recall, a high court sitting in Abuja has subsequently asked the DSS to either charge Emefiel to court within a weak or release him.

Emefiele was suspended as the apex bank chief by President Bola Ahmed Tinubu on June 9, 2023. Afterwhich was arrested by the DSS a day after.