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BREAKING: Emefiele arraigned on fresh charges in Lagos

by Usman Kadri
April 8, 2024
Reading Time: 1 min read
Former CBN director says Emefiele collected $600k from contractors in kickbacks
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Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), has pleaded not guilty to a 26-count charge bordering on abuse of office.

Emefiele was arraigned at the Ikeja high court by the federal government on Monday.

In the charge marked ID/23787c/2024 and dated April 3, 2024, the EFCC alleged that Emefiele abused his office between 2022 and 2023 in Lagos.

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The commission alleged that the former CBN governor “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2,136,391,737.33 without bids, which act is prejudicial to the rights of Nigerians.”

The former CBN governor pleaded not guilty to all the charges.

Details later…

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