July 19, (THEWILL) – The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has again, filed an application for bail.
In the new filings before the Federal High Court sitting in Lagos, Emefiele, who had been in the custody of the Department of State Services (DSS), since his arrest on Saturday, June 10, asked the court to admit him to bail on self-recognition.
Filed by his lead counsel, Joseph Daudu (SAN), the suspended apex bank Governor, in nine grounds of argument, said the offences for which he was charged were bailable.
Emefiele argued that granting him bail would afford him adequate time and facilities to prepare his defence to the charge.
Referring to his reputation, past credible record, and status as CBN governor, Emefiele said he is not a flight risk and would not jump bail if granted; adding that he has never been convicted of any offence and is presumed innocent until proven guilty.
He also pointed out that since investigations have been concluded, there is no likelihood of interference on his part. While promising to attend trial punctually, Emefiele indicated his willingness to provide responsible sureties as may be required by the Court as a condition for the grant of bail.
The Federal Government has charged Emefiele with a two-count charge of illegal firearm possession.
According to the charges filed at the Federal High Court in Lagos, Emefiele is accused of possessing a single-barrel shotgun (JOJEFF MAGNUM 8371) without a licence.
The government said the offence was contrary to Section 4 of the Firearms Act Cap F28 Laws of the Federation 2004 and punishable under Section 27 (1b) of the same Act.
In the second count, Emefiele was 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 Cap F28 Laws of the Federation 2004 and punishable under Section 27 (1)(b)(il) of the same Act.
In documents put before the court in support of the bail application, Emefiele denied being guilty of the offence with which he is presently charged.
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