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FILE: Former CBN Governor, Godwin Emefiele, at the FCT High Court, Abuja on August 17, 2023. Photo: Channels Television/Sodiq AdelakunThe Economic and Financial Crimes Commission will arraign a former Governor of the Central Bank of Nigeria Godwin Emefiele on Wednesday for approving the printing of N684.5m at the rate of N18.96bn.The arraignment was originally scheduled for April 30, 2024, but was rescheduled following the agreement of the court and the parties.
The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation. He was also accused of abusing his office by approving a contract for the acquisition of 43 vehicles totalling N1.2 billion from 2018 to 2020.On April 8, 2024, the EFCC also arraigned the former banker alongside one Henry Omoile before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos for an alleged $4.5bn and N2.8bn fraud.
COUNT 2: “That you, GODWIN IFEANYI EMEFIELE, between the 19th of October 2022 and 5th 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 you...
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