Former CBN Governor, Godwin  Emefiele
Former CBN Governor, Godwin EmefieleCBN, Twitter Account

Emefiele Pleads Not Guilty as EFCC Re-arraigns Him on Charges

The former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, faced re-arraignment on Friday before Justice Hamza Muazu of the High Court of the Federal Capital Territory (FCT).

The Economic and Financial Crimes Commission (EFCC) had amended the charge against Emefiele, increasing it from six counts to 20 counts. The charges include criminal breach of trust, forgery, conspiracy to commit forgery, procurement fraud, and conspiracy to commit a felony.

Emefiele is required to remain within the country, adhering to bail terms restricting his movements to the Federal Capital Territory.

One of the counts in the amended charge accuses Emefiele of using his position to award a contract for the supply of 37 Toyota Hilux Vehicles at the cost of N854,700,000 to a company in which a CBN staff member was a director, resulting in a corrupt advantage.

Other counts involve the awarding of contracts for the renovation of the CBN Governor's Residence and a conspiracy to commit forgery related to a document titled "PRESIDENTIAL DIRECTIVE ON FOREIGN ELECTION OBSERVER MISSIONS."

The charges assert that Emefiele awarded contracts totaling N1,210,600,000 to a company in which a CBN staff member was a director between 2018 and 2020.

During the hearing, Emefiele pleaded not guilty, and his counsel requested that he continue to enjoy bail. The prosecution did not object, expressing their interest solely in Emefiele's attendance for trial.

The court granted the former CBN governor's request to continue bail, and the trial is scheduled to commence on February 12 and 13, 2024.

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