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The former governor of the CBN will be charged with new offences by the EFCC on May 15

May 2, 2024 | Politics | 0 comments

The Economic and Financial Crimes Commission (EFCC) is preparing to prosecute former Central Bank of Nigeria (CBN) Governor Godwin Emefiele on May 15 in a Federal Capital Territory court on a three-count amended charge.

In the revised charge, the EFCC alleges that Emefiele violated the law with the intent to harm the public interest during his implementation of the naira swap policy under the administration of former President Muhammadu Buhari. Additionally, he stands accused of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

Initially scheduled before Justice Maryan Anenih, the arraignment with case number CR/264/2024 saw all parties absent from court proceedings. This led the prosecution to request an adjournment due to Emefiele’s ongoing trial in another court in Lagos.

The case has been adjourned until May 15 to facilitate the arraignment process.

Emefiele is concurrently facing trial before Justice Hamza Muazu of the FCT High Court on an alleged 20-count amended charge, including accusations of criminal breach of trust, forgery, and conspiracy to obtain money by deception during his tenure as CBN governor.

In a related development, Justice Olukayode Adeniyi of the FCT High Court awarded N100 million in damages in Emefiele’s favour against the Federal Government and the EFCC on January 8. The court restrained the government and its agents from arresting Emefiele without obtaining an order through a competent court, stressing that there was no justification for his prolonged detention without arraignment.

Emefiele had sought the court’s intervention to enforce his fundamental rights, arguing that his extended detention without arraignment violated his rights to life, personal liberty, fair hearing, and freedom of movement as guaranteed by the Nigerian Constitution and the African Charter on Human and Peoples’ Rights.

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