The Nation Newspaper UPDATED: Alleged unlawful printing of new naira notes: Emefiele gets N300m bail
sitting in Maitama on Wednesday, May 15, granted bail at N300 million to the former governor of the Central Bank of Nigeria , Godwin Emefiele.
He was also accused of approving the withdrawal of the total sum of N124,860,227,865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly. Following his plea of not guilty, prosecuting lawyer, Rotimi Oyedepo sought a date for the commencement of trial.Magaji prayed the court to either grant his client bail on self-recognizance or to adopt the term of the bail earlier granted Emefiele by another judge of the court, Justice Hamza Muazu, before whom the ex-Governor of CBN is standing trial on another charge
Ruling, Justice Maryanne Anenih granted Emefiele bail at N300 million with two sureties in like sums each. *Particulars of the offence: “That you Godwin Ifeanyi Emefiele, between the 19th day 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 375, 520, 000 pieces of colour swapped N1,000 notes, at the total cost of N11,052, 068,062 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...
*Particulars of the offence: That you Godwin Ifeanyi Emefiele between 19th day 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 137,070,000 pieces of colour swapped N200 note, at the total cost of N3,441, 005, 280 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...
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Emefiele denies alleged unlawful Naira redesign charge, gets N300m bailImmediate past Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele on Wednesday denied any wrongdoing in redesigning the nation's currency, the Naira in 2022.
Read more »
BREAKING: Emefiele gets N300m bail over new Naira note printingThe Nation Newspaper BREAKING: Emefiele gets N300m bail over new Naira note printing
Read more »
Court grants Emefiele N300m bail in trial on naira notes printingA federal high capital territory high court in Abuja has granted bail to Godwin Emefiele, former governor of the Central Bank of Nigeria...
Read more »
Emefiele gets N300m bail, denies unlawful naira printing as CBN governorAn FCT high court in Maitama on Wednesday admitted the embattled former Central Bank Governor, Godwin Emefiele, to bail in the sum of N300 million .
Read more »
BREAKING: Emefiele granted N300m bail in fresh criminal trialA Federal Capital Territory, FCT, High Court sitting in Maitama has granted former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, a N300 million bail following his arraignment on a four-count charge bordering on printing new Naira notes without observing due process.
Read more »
UPDATED: Witness Narrates How He Paid $600,000 Bribe To Emefiele-Led CBNThe Latest News from Nigeria and Around the World
Read more »