In a significant development at the Ikeja High Court in Lagos, Nigeria, former Central Bank Governor Godwin Emefiele has been granted bail.

The ruling, delivered by Judge Rahmon Oshodi on Friday, saw Emefiele granted bail in the sum of N50 million. Emefiele's bail comes amidst a high-profile trial in Lagos, where he faces a 26-count charge related to allegations of abuse of office during his tenure as CBN governor.

According to the judge's ruling, Emefiele's bail requires two sureties who must meet the same sum as the bail amount. The granting of bail marks a pivotal moment in the legal proceedings against Emefiele, with the former CBN governor now able to secure his release pending further developments in the case.