RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Banking

FG Grants Withdrawal of “Illegal Possession of Firearm” Charge Against Emefiele

Stephen Akudike by Stephen Akudike
September 12, 2023
in Banking, News
Reading Time: 1 min read
A A
0
FG Grants Withdrawal of “Illegal Possession of Firearm” Charge Against Emefiele
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

In a recent development, Justice Nicholas Oweibo of the Federal High Court Ikoyi, Lagos has ruled in favor of the Federal Government’s application to withdraw the charge of “illegal possession of firearm and possession” against the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

The Justice’s ruling was based on the provisions outlined in Section 108 of the Administration of Criminal Justice Act (ACJA), which empowers him to permit the withdrawal of the charge without the requirement for a written application.

AlsoRead

JP Morgan and Absa Eye Nigerian Merchant Banking Licences as Reserves Reach $55 Billion

Banks Hold Off on Lowering Loan Rates Nearly a Week After CBN’s 350-Point Cut

Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash

While delivering his decision, Justice Oweibo pondered the consequences of not allowing the withdrawal and how it would affect the defense. He stated, “The prosecution has shown that they are not law-abiding and have no respect for the court. The court cannot force them. What good will it be for the defendant who is in custody? Of what benefit will it be to keep the file in the court’s docket? I believe the proper thing is to allow them to withdraw the charge.”

Acknowledging that the prosecution’s request aligns with the principles of diligent prosecution, Justice Oweibo granted the application for withdrawal, adding that even if the charge is abandoned, the court would ultimately have to strike it out due to lack of diligent prosecution.

This decision marks a significant development in the ongoing legal proceedings involving Emefiele and underscores the court’s commitment to upholding the principles of justice and due process.

Tags: "Illegal Possession of Firearm"ACJACentral Bank of NigeriaDiligent ProsecutionFederal High CourtGodwin EmefieleJudicial RulingJustice OweiboLegal Developments.legal proceedingsWithdrawal of Charge
Previous Post

Ex CBN Governor Emefiele in Tears as Arraignment Gets Adjourned.

Next Post

Surging Food Inflation Raises Concerns Amidst Stagnant Minimum Wage.

Related News

JP Morgan Predicts Naira at N850/$ by Year-End

JP Morgan and Absa Eye Nigerian Merchant Banking Licences as Reserves Reach $55 Billion

by Jide Omodele
October 12, 2026
0

JP Morgan intends to launch merchant banking operations in Nigeria before the end of 2026, pending regulatory approval, while South...

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Banks Hold Off on Lowering Loan Rates Nearly a Week After CBN’s 350-Point Cut

by Rate Captain
September 29, 2026
0

Nigerian banks have yet to reduce lending rates almost a week after the Central Bank of Nigeria lowered the Monetary...

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash

by Victoria Attah
September 22, 2026
0

Nigeria’s banking system liquidity dropped by N3.86 trillion on Thursday after the Central Bank of Nigeria carried out a fresh...

CBN Revokes Heritage Bank Plc’s Banking License

Heritage Bank Depositors Demand Full Refunds, Urge FG, CBN and NDIC to Act

by Victoria Attah
September 1, 2026
0

More than two years after the closure of Heritage Bank, aggrieved depositors have called on the Federal Government, the Central...

Next Post
Surging Food Inflation Raises Concerns Amidst Stagnant Minimum Wage.

Surging Food Inflation Raises Concerns Amidst Stagnant Minimum Wage.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries

NNPC Advances IPO Preparations, Addresses Governance and Reporting Shortfalls

October 15, 2026
IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

IMF Urges Nigeria to Avoid Blanket Petrol Subsidy Return

October 15, 2026

Popular Story

  • Oil Prices Waver Near $80 as OPEC+ Meeting Looms and Supply Concerns Persist

    Nigeria Exceeds OPEC Quota for Fifth Month as Crude Output Reaches 1.53 Million bpd

    0 shares
    Share 0 Tweet 0
  • Foreign Reserves Climb to $58.81 Billion, Highest in Nearly 18 Years

    0 shares
    Share 0 Tweet 0
  • Naira Weakens to N1,332.10 at Official Window as Parallel Market Holds Steady

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Records N6.29 Trillion Profit in Nine Months as IPO Demand Increases.

    0 shares
    Share 0 Tweet 0
  • CBN increases Fines and Penalties for Non-Compliance of Customer Due Diligence Regulation.

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>