Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN), has been granted bail in sum of N20 million, by a federal high court sitting in Lagos State.
Nicholas Oweibo, the presiding judge, in a ruling on Tuesday, noted that the charges against Emefiele are bailable.
The bail was granted with one surety.
The Court had rejected the Federal Government’s claim that it had not received a copy of the bail application filed by the suspended Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele in his alleged gun possession trial.
Justice Nicholas Oweibo held that there was evidence that the government was served.
The bail application that was filed by Emefiele’s lawyers led by Mr. J. B. Dauda SAN, prayed the court to hear the banker’s application seeking bail on self recognizance, noting that his client had fulfilled all the conditions necessary to make the application ripe for hearing.
He noted further that the proof of service endorsed by the AGF’s office was in the court’s file. Urging the court to end the oppression of his client by the Department of State Security (DSS) which arrested him and hear the bail application.
“There should be an end to oppression,” he said.
But the government’s lawyer, a Deputy Director of Prosecution (DDPP), told Justice Nicholas Oweibo that she had “not been given the bail application. As I stand here, I have not set eyes on it.”
Emefiele is standing trial on a two-count charge which accuses him of possessing a single-barrel shotgun (JOJEFF MAGNUM 8371) without a licence on June 15 at Ikoyi.
The Federal Government, which is prosecuting him, maintained that the offence was contrary to Section 4 of the Firearms Act, 2004, and punishable under Section 27 (1b) of the same Act.
In the second count, the suspended CBN Governor was accused of having in his possession 123 rounds of live ammunition (Cartridges) without a licence, which was contrary to Section 8 of the Firearms Act 2004 and punishable under Section 27 (1)(b)(il) of the same Act.