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Court Grants Emefiele N20 Million Bail

A federal high court in Lagos 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 are bailable.

The bail was granted with one surety in like sum.

Earlier, Emefiele pleaded not guilty to the two-count charge bordering on alleged illegal possession of firearms.

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