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HeadlinesLitigation

Emefiele printed N684.5 million with N18.9 billion, says EFCC

Olatunbosun Obafemi
Last updated: April 24, 2024 8:50 am
Olatunbosun Obafemi
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Godwin Emefiele
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The former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been accused by the Economic and Financial Crimes Commission (EFCC) of approving the printing of N684,590,000 at the rate of N18.96 billion.

This is even as the anti-graft agency had filed a fresh charge at the High Court of the Federal Capital Territory against Emefiele.

In the charge sheets, the EFCC alleged that Emefiele broke the law “with intent to harm 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 Consolidated Revenue Fund of the Federation.

The document dated April 2, 2024, and marked Suit No: CR/264/2024, was filed by EFCC’s top prosecutor, Rotimi Oyedepo (SAN).

The document revealed that Emefiele will be arraigned on a new four-count charge before Justice Hamza Muazu bordering on disobeying the law to punish Nigerians, iilegal printing of money, abuse of office, among others.

TAGGED:allegationCBNEFCCGodwin Emefiele
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ByOlatunbosun Obafemi
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Bosun Obafemi is a seasoned journalist and editor for national daily news publication outfits.
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