EFCC to prosecute Emefiele for printing notes from N684.5 million to N18.96 billion on Wednesday

Barring any last minute changes, the Economic and Financial Crimes Commission (EFCC) will on Wednesday arraign former Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the FCT High Court for approving the printing of N684. 5 million naira notes costing 18.96 billion naira.

The appearance before Judge Maryann Anenih was initially scheduled for April 30, 2024, but was postponed following the agreement of the court and the parties.

In the four counts filed against the former number 1 banker, the EFCC alleged that Emefiele disobeyed the law with intent to cause harm to the public during the implementation of the policy of Naira exchange from the administration of former President Muhammadu Buhari.

The anti-graft agency also accused Emefiele of illegally approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund (CRF) of the Federation.

This indictment will bring to three the number of legal cases filed by the EFCC or the Office of the AGF against the former CBN governor.

Recall that on November 17, 2023, Emefiele was arraigned before Justice Hamza Muazu of the FCT High Court on six counts of procurement fraud, to which he pleaded not guilty.

He was also accused of abusing his office by approving a contract for the procurement of 43 vehicles totaling N1.2 billion from 2018 to 2020.

On April 8, 2024, the EFCC also arraigned the former apex banker alongside one Henry Omoile before Justice Rahman Oshodi of the Special Offenses Court sitting in Ikeja, Lagos, for an alleged fraud of 4.5 billion dollars and 2.8 billion naira.

He also pleaded not guilty to the charge.

The fresh charge, dated April 2, 2024, was filed by the EFFC Prosecutor, Rotimi Oyedepo (SAN), alongside eight other lawyers acting on behalf of the Attorney General of the Federation (AGF).