Godwin Emefiele, the ex-governor of the Central Bank of Nigeria (CBN), has been arraigned on a new four-count charge by the Economic and Financial Crimes Commission (EFCC), accused of “illegal” printing of naira notes.

Emefiele was arraigned before Judge Maryann Anenih at the FCT High Court and entered a plea of not guilty to all charges. This marks the third set of charges against him, signaling a deepening legal battle.

The EFCC alleges that Emefiele violated the law by printing naira notes without proper authorization, causing harm to the public. These charges are tied to his implementation of the naira swap policy under former President Muhammadu Buhari’s administration.

According to the EFCC, Emefiele also approved the withdrawal of N124.8 billion from the Consolidated Revenue Fund unlawfully. These actions, the EFCC claims, were contrary to legal directives and caused injury to the public.

The prosecution, led by Rotimi Oyedepo (SAN), along with eight other lawyers representing the Attorney General of the Federation, presented counts detailing Emefiele’s alleged offenses. These counts include disobedience of legal directives and misuse of public funds, with specific instances cited between October 2022 and March 2023.

Emefiele, maintaining his plea of not guilty, faces mounting legal challenges amid accusations of financial impropriety during his tenure as Central Bank governor.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *