EFCC arraigns ex-CBN governor Emefiele on charges of illegal printing of naira notes

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EFCC arraigns ex-CBN governor Emefiele on charges of illegal printing of naira notes
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EFCC arraigned Mr Emefiele on the fresh charges at the Federal Capital Territory (FCT) High Court at Maitama in Abuja.

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However, the defence lawyer urged the court to grant Mr Emefiele bail pending the determination of the case.At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.

Would you consider supporting us with a modest contribution on a monthly basis to help maintain our commitment to free, accessible news?Mr Emefiele has faced multiple corruption charges in Lagos and Abuja since his sack by President Bola Tinubu last June. In another count, the EFCC said “Godwin Ifeanyi Emefiele, between the 19 October 2022 and 5 March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 Notes; at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and...

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