Former CBN Governor Godwin Emefiele to Face Trial for Alleged Abuse of Office

The Economic and Financial Crimes Commission (EFCC) is set to arraign former Central Bank of Nigeria Governor, Godwin Emefiele, alongside his co-defendant Henry Isioma Omole, at the Ikeja State High Court in Lagos on Monday, April 8, 2024. They are facing a 26-count charge filed by Mr. Rotimi Oyedepo (SAN), alleging abuse of office over the allocation of billions of United States dollars.

The charges span from 2020 to 2023 and accuse Emefiele of directing arbitrary allocations of foreign exchange without bids, totaling billions of dollars, which the EFCC claims is prejudicial to the rights of Nigerians. The specific sums involved range from $291,945,785.59 to $2,136,391,737.33.

Additionally, Emefiele’s co-defendant, Omole, is alleged to have accepted $110,000 as gifts on behalf of Emefiele from Raja Punjab, purportedly as a reward for Emefiele’s role in allocating foreign exchange in favor of Raja Punjab’s employer.


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