NEWS

Naira Swap: EFCC to arraign ex-CBN governor Emefiele for policy approval

Published

2 months ago

May 14, 2024

Lagos court remands ex-CBN governor Emefiele over alleged abuse of office

The Economic and Financial Crimes Commission (EFCC) is preparing to arraign former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Wednesday.

This is in connection with his approval of the printing of N684.5 million under the naira swap policy. Initially scheduled for April 30, 2024, the arraignment was postponed, pending the court and parties’ agreement.

Emefiele faces a four-count charge alleging disobedience to law with intent to cause public harm during the implementation of the naira swap policy under the administration of former President Muhammadu Buhari.

Additionally, the EFCC accuses him of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

The former CBN governor is expected to appear before Justice Maryann Anenih of the FCT High Court, Abuja.

This brings the total charges against him to three, including previous allegations of procurement fraud and office abuse, dating back to November 17, 2023.

Related Topics:CBN EFCC Godwin Emefiele

Up Next

Governor Siminalayi Fubara launches inquiry panel into past administrations

Don't Miss

“Wike is now playing God” — Former Militant blasts FCT Minister

Lawrence Agbo

Lawrence Agbo, a tech journalist for over four years, excels in crafting SEO-driven content that boosts business success. He also serves as an AI tutor, sharing his knowledge to educate others. His work has been cited on Wikipedia and various online media platforms.