The Economic and Financial Crimes Commission (EFCC) will arraign a former Central Bank of Nigeria (CBN) governor Godwin Emefiele tomorrow over the unlawful withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.
The agency also accused him of approving the printing of N684.5million at the rate of N18.96billion.

The arraignment was originally billed for April 30 but was rescheduled.

The former CBN governor will take his plea before Justice Maryann Anenih of the FCT High Court, Abuja.

The EFCC alleged that Emefiele broke the law with the intent to harm the public during his implementation of the naira swap policy.

The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of the N124.8 billion.

Emefiele was arraigned before another judge of the court on November 18, 2023, on six counts of procurement fraud.

He was accused of abusing his office by approving a contract for the acquisition of 43 vehicles totalling N1.2 billion from 2018 to 2020.

On April 8, the EFCC arraigned the former bank chief alongside Henry Omoile before Justice R.A. Oshodi of the Special Offences Court sitting in Ikeja, Lagos for an alleged $4.5billionn and N2.8billion fraud.

May 14, 2024

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