The embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has been remanded in custody for alleged abuse of office and fraud amounting to $4.5 billion and N2.8 billion.
An Ikeja Special Offences Court on Monday remanded the embattled former Central Bank of Nigeria Governor , Godwin Emefiele , for alleged abuse of office and fraud to the tune of $4.5 billion and N2.8 billion.An Ikeja Special Offences Court on Monday remanded the embattled former Central Bank of Nigeria Governor , Godwin Emefiele , for alleged abuse of office and fraud to the tune of $4.5 billion and N2.8 billion.
Counsel to the two defendants, Mr Abdulakeem Labi-Lawal, had in their bail applications, urged the court to grant them bail on self recognizance and liberal terms pending the determination of the case. According to the counsel, the first defendant was not at flight risk as he was the first person to arrive in court.Labi-Lawal also moved a bail application for the second defendant, and urged the court to grant him bail on liberal terms.Oyedepo, however, urged the court to exercise its discretion judiciously in granting bail to the defendants.
The anti-graft also alleged that Emefiele used his position as the governor of CBN to confer corrupt advance on his associate, Limelight Multidimensional Services Ltd. by approving payment of an aggregate sum of N900 million to the company. According to prosecution, the alleged offences violate Sections 8, 10, and 19 of the Corrupt Practices And Other Related Offences Act of 2000, Sections 65, 73, and 328 of the Criminal Laws of Lagos State 2011.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
CBN Governor Godwin Emefiele Abuse Of Office Fraud Remanded Custody Trial
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