Updated: Emefiele Secures N20m Bail After FG’s Protest

July 25, 2023
Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

The suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has pleaded not guilty in the illegal firearm case instituted by the Department of State Services (DSS).

Emefiele was arraigned on Tuesday, 25 July, in the Federal High Court on a two-count charge of illegal possession of a firearm and illegal possession of ammunition.

Join our WhatsApp Channel

The shotgun and ammunition were reportedly found at his apartment located at No. 3b Iru Close, Ikoyi area of Lagos, on 15 June 2023.

Recall that Emefiele was arrested on 9 June, a day after President Bola Tinubu suspended him from his position as the CBN governor.

Since his arrest, his first court appearance was on Tuesday, a week after the court ordered the DSS to release Emefiele or charge him to court.

During the hearing of the case, Emefiele pleaded not guilty to the allegations filed against him before Justice Nicholas Oweibo.

He also filed for a bail application, through his counsel, Joseph B. Daudu, SAN. Although the Federal Government protested his application.

During the hearing, the government informed the court that it hasn’t received Emefiele’s bail application, but the court said there was evidence stating the contrary.

Daudu said the Attorney General of the Federation’s office has endorsed the bail application and Emefiele has met all the requirements for the bail.

The counsel asked that the bail should be granted to end the “oppression of his client by the Department of State Security” despite the government’s lawyer, a Deputy Director of Prosecution, N.B. Jones, stating that “As I stand here, I have not set eyes on it.”

Emefiele’s bail, which was filed on self-recognition, was granted by Justice Oweibo, who set the bail at N20 million.

Emefiele’s release from DSS detention will make him available for another lawsuit against him, which is the Paris Club refund case filed by legal practitioner, Joe Agi.

+ posts

Featured Stories

Latest from Business News

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

Written by Amanze Chinonye Kenya’s private sector faces higher costs and uncertainty from multiple taxes, regulatory hurdles and bribery, the World Bank said on Thursday, warning that the constraints are weighing on investment and business growth. While Kenya’s corporate income tax rate is

Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

Written by Amanze Chinonye Rwanda has begun importing bulk refined petroleum products through Kenya’s Mombasa port under a new government-to-government arrangement aimed at diversifying its fuel supply routes and strengthening energy security, with the first 40,000-tonne cargo arriving this week. Join our WhatsApp

Wealth Without Access is Stranded Wealth – Opiva Capital Chairman 

Written by Kamsiyochukwu Mbamalu The Chairman of Optiva Capital Partners, Franklin Nechi, has called on African entrepreneurs, investors and families to move beyond traditional wealth accumulation and embrace global access as a strategic tool for business growth, family security and intergenerational legacy. Nechi
10 Best Drinks To Have For Good Voice
Previous Story

10 Best Drinks For Having Good Voice

#EndSARS Protests Three Years On: What Has Changed?
Next Story

Stop Your Planned Mass Burial For EndSars Victims, Amnesty International Tells Lagos Government

Don't Miss

Zenith Bank loses N5.26 billion to fraudsters

Zenith Bank recorded 497 fraud incidents in 2024, which are
FAAN Bans Taxi From Abuja Airport, Recommends Uber, Others

Lagos Airport Reopens After Fire Disrupts International Flights

Operations have resumed at Murtala Muhammed International Airport after a