Emefiele arrives court in suit for arraignment

Central Bank of Nigeria CBN Governor Godwin Emefiele
Godwin Emefiele

Former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has arrived at the State High Court in Ikeja, Lagos for his arraignment.

Mr Emefiele, dressed in a suit at the court on Monday, is to be arraigned alongside his co-defendant, Henry Omole, over alleged abuse of office and allocation of billions of dollars.

They will be arraigned on fresh 26 counts before Justice Rahman Oshodi.

Emefiele to face fresh 26-count charges Monday

In the charge marked ID/23787c/2024 and dated April 3, 2024, the Economic and Financial Crimes Commission (EFCC) alleged that Emefiele abused his office between 2022 and 2023 in Lagos.

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.”