A federal high court in Lagos has granted bail to Godwin Emefiele, 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 are bailable. The suspended CBN governor pleaded not guilty to the two-count charge bordering on alleged illegal possession of firearms levelled against him.
The presiding judge granting a bail in the sum of 20m with one surety with same sum.