MARKET UPDATE
Advertisement Topt

TheCable

‘He printed N684.5m notes with N18.9bn’ — EFCC to arraign Emefiele on fresh charge

‘He printed N684.5m notes with N18.9bn’ — EFCC to arraign Emefiele on fresh charge
April 23
23:36 2024

The Economic and Financial Crimes Commission (EFCC) has filed a fresh charge against Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN).

In the four-count charge, the anti-graft agency accused Emefiele of approving the printing of N684,590,000 notes at the rate of N18.96 billion.

EFCC alleged that Emefiele broke the law with intent to harm the public during his implementation of the naira swap policy under the administration of former President Muhammadu Buhari.

The agency also accused the former CBN governor of unlawfully approving the withdrawal of N124.8 billion from the consolidated revenue fund of the federation.

Advertisement

Emefiele will be arraigned on these counts before Maryann Anenih, judge of a federal capital territory (FCT) high court, on April 30.

This would be the third criminal case pending against Emefiele.

On November 17, 2023, Emefiele was arraigned before Hamza Muazu, a judge of the federal capital territory (FCT) high court, on a six-count charge of procurement fraud, to which he pleaded not guilty.

Advertisement

The charge has since been amended to 20 counts bordering on alleged criminal breach of trust, forgery, conspiracy to commit forgery, procurement fraud and conspiracy to commit a felony.

On April 8, the EFCC also arraigned the former CBN governor, alongside one Henry Omoile, an official of the apex bank, before Rahman Oshodi of the special offences court sitting in Ikeja, Lagos over an alleged $4.5billion and N2.8 billion fraud.

 

Advertisement

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.