Emefiele Faces Fresh Charges By EFCC Over Alleged Naira Printing Scandal

Emefiele Faces Fresh Charges By EFCC Over Alleged Naira Printing Scandal....KINDLY READ THE FULL STORY HERE▶

Former governor of the Central Bank of Nigeria, Godwin Emefiele, faces fresh legal trouble as the Economic and Financial Crimes Commission (EFCC) has lodged another charge against him at the High Court of the Federal Capital Territory. The charge alleges that Emefiele approved the printing of N684,590,000 with N18.96 billion, as part of the naira swap policy during the administration of former President Muhammadu Buhari.

The four-count charge sheet accuses Emefiele of violating the law with the intent to harm the public interest by his actions. Additionally, the EFCC accuses him of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

One of the counts in the charge sheet reads: “That you, GODWIN IFEANYI EMEFIELE, between the 19th day of October 2022 and March 5 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of N375,520,000.00 pieces of colour swapped N1,000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.”

Emefiele had previously faced charges related to procurement and abuse of office, including approving a contract for 43 vehicles totaling N1.2 billion from 2018 to 2020.

He was suspended by President Bola Ahmed Tinubu on June 9, 2023, and since then, the management of the CBN during his tenure has been under investigation by the government.

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