A Federal High Court sitting in Lagos State has granted bail to Godwin Emefiele, the 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 were bailable.
The bail was granted with one surety.
The court rejected the government’s claim that it had not received a copy of the bail application filed by Emefiele in his alleged gun possession trial.
Justice Oweibo had held that there was evidence that the government was served.
The bail application was filed by Emefiele’s lawyers led by Joseph Dauda, SAN.
Dauda had prayed the court to hear the banker’s application seeking bail on self-recognition, 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.