Instead the 45-year-old career criminal will appear in court later in relation to a number of outstanding arrest warrants for minor offences that he has built up.
A file in relation to the binman firearms incident, which happened on December 27, and a stash of weapons found during a raid on his house will now be prepared for the DPP.
Gardai seized two pistols including a loaded Glock as well as an imitation machine pistol and air rifle during a raid on the criminal's Finglas home ten days ago. He remains in custody at Finglas Garda Station. It is understood the bin collector allegedly had a Glock pistol shoved in his face.
"The file has been sent to the DPP -- charges are likely in this case. This fella is a complete nutter," said a source.
The Herald previously revealed that he was a close associate of rapist James Nolan (46) whose severed arm was found on Dollymount Strand in 2011.
The suspect was arrested by detectives probing the Nolan murder but was later released without charge. Sources say that he "knew James Nolan extremely well and was in a bitter financial dispute with him".
He has "a long history of violence" and drug abuse and brutally assaulted a man in the late 1980s in north Dublin causing him horrific injuries.