Emefiele arrives court for arraignment

Emefiele arrives court for arraignment

Godwin Emefiele, former Governor of the Central Bank of Nigeria, is being arraigned in Lagos’ Ikeja State High Court for alleged abuse of office and allocation of billions of dollars.

Emefiele and his co-defendant, Henry Isioma Omole, will be arraigned on 26 new counts before Justice Rahman Oshodi this morning.

The EFCC accused Emefiele of abusing his office in Lagos between 2022 and 2023 in the accusation ID/23787c/2024, which was filed on April 3, 2024.

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The commission alleged that the former CBN governor “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2,136,391,737.33 without bids, which act is prejudicial to the rights of Nigerians.”

Details later…