Top Stories

Emefiele To Be Arraigned In Lagos Court Monday

The Economic and Financial Crimes Commission will Monday, April 8, 2024, arraign the embattled former Central Bank of Nigeria Governor, Godwin Emefiele at the Ikeja State High Court in Lagos for alleged abuse of office over allocation of billions of United States dollars.

Emefiele, alongside his co-defendant, one Henry Isioma Omole, will be arraigned on 26-count before Justice Rahman Oshodi.

Advertisement

The charge, marked ID/23787c/2024, dated April 3, 2024. was filed by Mr. Rotimi Oyedepo (SAN).

EFCC alleged that Emefiele committed an abuse of office between 2022 and 2023 in Lagos.

Advertisement

The Commission alleged that Emefiele “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.”

EFCC further alleged that Emefiele, between 2020 and 2021, in Lagos, “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 $291,945,785.59, without bids, which act is prejudicial to the rights of Nigerians.

Emefiele was alleged to have, in 2021, in Lagos, “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: special allocation of foreign exchange in the aggregate sum of $1,769,254,793.16, which act is prejudicial to the rights of Nigerians.”

In count four, the sum involved was $370,872,893.01.

Advertisement

Emefiele’s co-defendant Omoile was alleged to have November 17, 2020, in Lagos, whilst acting as an agent accepted from Raja Punjab through Monday Osazuwa, the total sum of $110,000, for Godwin Ifeanyi Emefiele, gifts as a reward for allocating foreign exchange by the Central Bank in favor of Raja Punjab’s employer.”

According to the charge, the offences committed contravened Section 73 of the Criminal Law of Lagos State, 2011.

Advertisement
citynews

Recent Posts

British-Nigerian, Kemi Badenoch emerges leader of UK Conservative Party

Former British Business Secretary, Kemi Badenoch, has been named the new leader of the Conservative…

40 mins ago

Serving NYSC members can apply – FIRS gives update on recruitment exercise

The Federal Inland Revenue Service has announced that servicing National Youth Service Corps members can…

14 hours ago

Supreme Court allows Pennsylvania to count contested provisional ballots, rejecting Republican plea

DOYLESTOWN, Pa. (AP) — The Supreme Court on Friday rejected an emergency appeal from Republicans that could…

14 hours ago

New Zealand introduces new visa category to support seasonal workers in 2025

International job seekers can now find temporary work in New Zealand. The government has introduced…

14 hours ago

Oluremi Tinubu Must See Young, Malnourished Detainees As Her Own Children, CISLO

The Civil Society Legislative Advocacy Centre (CISLAC) has condemned the detention and reported maltreatment of…

14 hours ago

Electricity Consumers Demand Disconnection Over Rising Tariffs

Many consumers have requested electricity distribution companies also known as DisCos to disconnect them from…

15 hours ago