BREAKING: Court Remands Emefiele In EFCC Custody

A Lagos State High Court sitting in Ikeja, Lagos has remanded the erstwhile governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele in the custody of the Economic and Financial Crimes Commission, EFCC.

The remand order came on Monday, April 8, 2024 after Emefiele was arraigned alongside his co-defendant, one Henry Isioma Omole.

GWG.ng reports that they were arraigned on 26 counts before Justice Rahman Oshodi.

The charge, marked ID/23787c/2024, dated April 3, 2024, was filed by Mr Rotimi Oyedepo (SAN).

EFCC alleged that Emefiele committed the abuse of office between 2022 and 2023.

The commission alleged that Emefiele “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.”

EFCC, further alleged that Emefiele between 2020 and 2021, in Lagos, “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 $291,945,785.59, without bids, which act is prejudicial to the rights of Nigerians.

GWG.ng reports that the remand in the custody of the EFCC marks another phase in the issues that Emefiele has faced since the advent of the present administration following initial allegations of gun running, terrorism among others.

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