Embattled Suspended Central Bank of Nigeria, CBN, Governor, Godwin Emefiele has been granted bail at the Federal High Court in Lagos having pleaded not guilty to the charge of illegally been in possession of firearms.

The Department of State Services (DSS) charged him with two counts bordering on alleged possession of firearms.

Emefiele is facing two counts bordering on the illegal possession of firearms and ammunition preferred against him by the Federal Ministry of Justice before the vacation judge, Justice Nicholas Oweibo.

In the first count, Emefiele is accused of possessing a single-barrel shotgun (JOJEFF MAGNUM 8371) without a licence, which is contrary to Section 4 of the Firearms Act, and punishable under Section 27 (1b) of the same Act.

In the second count, the suspended CBN governor is accused of having in his possession 123 rounds of live ammunition (cartridges) without a licence, which is contrary to Section 8 of the Firearms Act and punishable under Section 27 (1)(b)(il) of the same Act.

This will be the first time since Emefiele’s arrest by the DSS in Lagos on June 10, 2023, that he would make a public appearance.