The suspended Governor of the Central Bank of Nigeria, Godwin Emefiele has been granted bail in the sum of N20 million with one surety in like sum.
He appeared before Justice Nicholas Oweibo of the Federal High Court in Lagos, on Tuesday.
Emefiele was granted bail after pleading not guilty to the charges preferred against him.
He is facing a two-count charge that borders on illegal possession of firearms and ammunition preferred against him.
READ ALSO: Illegal Possession Of Firearms: Emefiele Arraigned In Court
The suspended CBN boss is accused of possessing a single-barreled shotgun (JOJEFF MAGNUM 8371) without a licence.
The alleged offence is said to have contravened Section 4 and Section 8 of the Firearms Cap F28 laws of the Federation Act 2004 and punishable under Section 27 (1)(b) (I),(II) of the same Act.
