Court Remands Ex-CBN Gov Emefiele In Kuje Prison Over Fraud
A former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been remanded in Kuje Correctional Centre on the allegations of fraud.
Godwin Emefiele was arraigned by the Economic and Financial Crimes Commission (EFCC) on a six-count amended charge bordering on fraud.
The original charge, which was 20 counts to the tune of N6.5 billion, has been reduced to six, to the tune of N1.6 billion.
The former CBN boss who was arraigned before Justice Hamza Muazu appeared early in court on Friday for a bail application, as he pleaded not guilty to the six-count charge read to him.
The amended charge sheet revealed that the charges border on procurement fraud with the Federal Government alleging that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion.
He was also accused of awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.
Emefiele’s Counsel, Mr. Mathew Burkaa, SAN, had moved the application for his bail, but Rotimi Oyedepo, the EFCC counsel, opposed the application on behalf of the EFCC.
After Counsels in the matter made their arguments, Justice Muazu said he needed a little time to study the exhibits supplied by Emefiele to support his request for bail.
He, therefore, adjourned the case to November 22, 2023, for ruling.
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