Tag: Emefiele

Former CBN Governor Godwin Emefiele Pleads Not Guilty to 20-Count Charges Including Corruption and Forgery, Trial Set for February 2024

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On Friday, the former Governor of the Central Bank of Nigeria, Godwin Emefiele, faced arraignment at the High Court of the Federal Capital Territory, Maitama, Abuja, on a 20-count charge related to corruption and forgery. Emefiele, attired in ash-colored trousers and a dark jacket, arrived at the court accompanied by his legal team and associates. Initially accused by the Economic and Financial Crimes Commission (EFCC) of six counts involving N1.2 billion procurement allegations, Emefiele’s charges were later amended by the EFCC with the court’s approval. During the reading of the…

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FCT High Court Adjourns Emefiele’s Case Until January 18

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The FCT High Court has postponed the continuation of the trial in the alleged procurement fraud case against the former Central Bank of Nigeria governor, Godwin Emefiele, to January 18, 2024. Initially faced with 20 charges amounting to N6.5bn, the charges were later reduced to six, totaling over N1.2bn by the Federal Government. Emefiele is accused of leveraging his position to provide an undue advantage to Sa’adatu Yaro, a CBN staff, by awarding a contract for the procurement of 43 vehicles worth N1.2 billion between 2018 and 2020. During Tuesday’s…

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House of Representatives to Probe Alleged EFCC Attempt to Re-Arrest Emefiele

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The House of Representatives has taken a decisive step to investigate the reported failed attempt by the Economic and Financial Crimes Commission (EFCC) to forcibly extract former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, from the Nigeria Correctional Centre, Kuje, Abuja. This action was taken in defiance of a standing court order granting Emefiele bail. The resolution to conduct the investigation was reached following the presentation of a petition titled ‘Is the EFCC pursuing prosecution or persecution?’ The petition, submitted by the Executive Director of the Centre…

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Former CBN Governor Emefiele Remanded in Kuje Correctional Centre as Trial Resumes

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The High Court in the Federal Capital Territory has issued an order for the remand of Godwin Emefiele, the former Governor of the Central Bank of Nigeria, in the Kuje Correctional Centre. This decision comes as Emefiele stands trial on charges of alleged procurement fraud. The trial, which had faced delays on three previous occasions, finally proceeded on Friday. Initially facing 20 charges of procurement fraud amounting to N6.5 billion, the Federal Government reduced the charges to six, totaling over N1 billion, for which Emefiele was arraigned on Friday. During…

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Court Grants Bail to Former CBN Governor, Emefiele

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The court has granted bail to the former Central Bank of Nigeria (CBN) Governor, Emefiele, ordering his release to his legal representatives. In a ruling delivered by Justice Olukayode Adeniyi, the judge emphasized the need to put an end to detention without trial and pointed out that the Economic and Financial Crimes Commission (EFCC) had failed to comply with the court’s previous order from November 2, which led to this decision. Furthermore, the court rejected the Federal Government’s claim that Emefiele would be arraigned on a fresh charge on November…

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Federal High Court Clears Emefiele of Illegal Arms Charges

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A Federal High Court in Lagos has dismissed the charges of illegal firearm and ammunition possession that were filed against Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN). The court’s decision followed an application from the Federal Government to withdraw the charges, citing the need for further investigations due to emerging facts. The charges were struck out by Justice Nicholas Oweibo on Thursday due to lack of diligent prosecution. Meanwhile, at the Federal Capital Territory (FCT) High Court sitting in Maitama, the planned arraignment of Emefiele…

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