The bail application was made in accordance with the relevant sections of the constitution, the Administration of Criminal Justice Act of 2015, and the court’s inherent powers. It was submitted by his lead counsel, Senior Advocate of Nigeria Joseph Daudu.

Emefiele requested for the ball pending when the hearing and determination of the charge filed against him by the Federal Government would commence.

He argued that granting him bail should take into account his reputation, past records and former position as governor of the Central Bank of Nigeria (CBN).

He explained that he wasn’t a flight risk in any way and that he would not jump bail if granted.

This platform understands that Emefiele’s application for bail was premised on nine grounds.

He contended that the offenses for which he was charged were available, adding he has never been convicted of any crime and he is presumed innocent until proven guilty.

He also argues that granting him bail would afford adequate time and facilities to prepare his defense for the charge.

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, the defendant also indicated his willingness to provide responsible sureties as may be required by the Court as a condition for the grant of bail

Recall that the Federal Government, in the charge sheet, accused the suspended CBN governor of possessing a single-barrel shotgun (JOJEFF MAGNUM 8371) without a licence.

According to the government, the offense violated Section 4 of the Firearms Act Cap F28 Laws of the Federation 2004 and was punishable under Section 27 (1b) of the same Act.

In the second count, the suspended CBN governor was accused of violating section 8 of the Firearms Act Cap F28 Laws of the Federation 2004 and section 27 (1)(b)(il) of the same Act by possessing 123 rounds of live ammunition (Cartridges) without a license.

Emefiele, however, refuted the allegations made against him in a document submitted to the court in support of the bail application.