Emefiele to stand trial in $4.5bn, N2.8bn case, court rules

Emefiele to stand trial in $4.5bn, N2.8bn case, court rules

Justice Rahman Oshodi of the Ikeja Special Offences Court has dismissed an application of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, challenging the jurisdiction of the court on charges of abuse of office to the tune of $4.5 billion and N2.8 billion.

Justice Oshodi, in his ruling yesterday, held that the court has jurisdiction to try Emefiele on the charge.

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Justice Oshodi also held that the Economic and Financial Crimes Commission (EFCC) had established a territorial jurisdiction of the court on counts eight to 26 with facts in the proof of evidence attached to the case file.