In the four-count charge filed against the former CBN governor, the EFCC alleged that Emefiele disobeyed the law’s direction with intent to harm the public during the implementation of the Naira swap policy
The Economic and Financial Crimes Commission (EFCC) is set to arraign the immediate-past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, before an FCT High Court on Wednesday, for approving the printing of N684.5m naira notes at the cost of N18.96bn.
The arraignment before Justice Maryann Anenih was originally scheduled for April 30, 2024, but was rescheduled following the agreement of the court and the parties.
In the four-count charge filed against former CBN governor, the EFCC alleged that Emefiele disobeyed the direction of law with intent to cause injury to 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 (CRF) of the Federation.
This arraignment will bring to three the number of court cases instituted 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 FCT High Court on a six-count charge of procurement fraud, to which he pleaded not guilty.
