The federal high court in Lagos granted N20 million bail to Godwin Emefiele, the suspended CBN governor.
The presiding judge, Nicholas Oweibo, ruled on Tuesday that Emefiele’s charges are bailable.
The bail was granted with one surety in like sum.
Emefiele had pleaded not guilty to two-count charges of alleged illegal firearm possession.
President Bola Tinubu suspended Emefiele on June 9 and the DSS confirmed his custody the next day.
The next day, the Department of State Services (DSS) announced that Emefiele was being held for “investigative purposes.”
On July 13, a federal capital territory high court ordered the DSS to charge Emefiele or release him within a week.
The DSS argued that Emefiele had access to family and medical doctors while in custody.