Just In: Emefiele Pleads Not Guilty to EFCC Fresh Allegation

• The EFCC has again arraigned the former governor of the CBN, Godwin Emefiele, for printing N684.5m at the rate of N18.96bn
• Emefiele pleaded not guilty to the charges before Justice Maryann Anenih of the FCT High Court, Abuja, on Wednesday morning
• The EFCC, in the charges, alleged that Emefiele went against the law while implementing the naira redesign policy during the administration of former President Muhammadu Buhari

The Economic and Financial Crimes Commission (EFCC) arraigned embattled former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele on Wednesday, May 15, for approving the printing of N684.5m at the rate of N18.96bn.

Emefiele pleaded not guilty to the four charges when he was arraigned before Justice Maryann Anenih of the FCT High Court, Abuja.

Emefiele arraigned for the third charges by the EFCC
Photo Credit: @GodwinIEmefiele, @officialEFCCSource: Twitter

How Emefiele disobeyed law, EFCC tells court

In the four-count charge filed against him, the EFCC alleged that Emefiele disobeyed the direction of law with intent to cause injury to the public during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.

The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Federation’s Consolidated Revenue Fund.

Wednesday’s arraignment brought to three the number of charges pending against the former CBN Governor.

List of charges against Emefiele

The former CBN governor was arraigned before Justice Hamza Muazu on November 17, 2023. He pleaded not guilty to the six-count charge of procurement fraud.

Emefiele has also been accused of abuse of office over the approval of contracts for the acquisition of 43 vehicles worth N1.2 billion from 2018 to 2020.

The EFCC also arraigned the ex-CBN governor, along with one Henry Omoile, on April 8, 2024. They were arraigned before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja over an alleged $4.5bn and N2.8bn fraud.

Source: TheTalk.NG

NNPP Chair Mentions Oppositions’ Permutations to Unseat Tinubu in 2027

President Bola Tinubu has been sent a note of packing in the 2027 presidential election as the NNPP expressed its readiness for a coalition The NNPP national chairman, Ajuri Ahmed, announced the permutation at the flag-off of the party’s governorship election in Ondo state on Thursday, October 17 Ahmed maintained that the NNPP is open ... Read more Continue reading here ▶

Ex-Osibanjo’s Aide Warns Against Tinubu, Shettima’s Foreign Trip, “We Have Serious Problem”

Laolu Akande, the spokesperson of the vice president, Prof. Yemi Osinbajo, SAN, has condemned the foreign trips of President Tinubu and VP Kashim Shettima In an interview on Thursday, Akande emphasized the importance of having at least one of the two leaders present to maintain effective governance and communication Akande spoke after presidential spokesman Bayo ... Read more Continue reading here ▶

37bn Dollars Foreign Reserve: Northeast APC Stakeholders Hail Tinubu, Asks Nigerians to Be Patient

The northeast APC youth stakeholders forum has commended President Tinubu for maintaining Nigeria’s foreign reserve at $37 billion At a press conference held at the APC national secretariat in Abuja, the forum urged Nigerians to persevere and support the administration The forum’s chairman, Comrade Haruna Sardauna, praised President Tinubu’s reduction of the country’s debt service ... Read more Continue reading here ▶

Rivers Crisis: Amid Rift With Wike, Fubara Invokes God’s Judgement on “Corrupt Judges”

Rivers Governor Siminalayi Fubara has expressed his frustration over conflicting judgments from the judiciary At the opening of the 2024/2025 legal year and re-dedication service in the state on Thursday, Fubara calls for divine judgment on corrupt judges Amid his rift with FCT minister Nyesom Wike, Fubara restated his avowed determination to defend the course ... Read more Continue reading here ▶

Orji Kalu Finally Opens Up on His Monthly Earnings as Nigerian Senator

Orji Kalu, the senator representing Abia North, has said he earned N14 million monthly as Nigerian lawmaker The former governor of Abia state said the N14 million monthly earnings were hardly enough for him to manage his constituency and staff Kalu made the claim while speaking on the controversies that have continued to trail the ... Read more Continue reading here ▶