Former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has been granted bail in the amount of N20 million by Justice Nicholas Oweibo at the Federal High Court, Lagos. The bail conditions set by the court require Emefiele to produce a surety with landed property within the court’s jurisdiction in Ikoyi, Lagos, deposit his passport, and also provide a civil servant not below level 16 to act as a guarantor for the bail.
Emefiele was brought before the court by the Department of State Services (DSS) amidst tight security. He faces charges related to the illegal possession of a single-barrel shotgun, identified as the JOJEFF MAGNUM 8371, as well as unauthorized possession of firearms and ammunition.
The prosecution has accused Emefiele of violating Section 4 of the Firearms Act, Cap F28 Laws of the Federation 2004, an offense that is punishable under Section 27 (1b) of the same Act.
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