Home News Federal Government reduces charges against Emefiele, strike stalls arraignment

Federal Government reduces charges against Emefiele, strike stalls arraignment

by Peter Friday
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The Federal Government has reduced to six counts the fraud charges it filed against the immediate-past Governor of the Central Bank of Nigeria, Godwin Emefiele.

The charges charges, bordering on alleged procurement, were originally 20.

In the original charge, the Federal Government alleged that the procurement fraud was to the tune of N6.5bn.

The original charges were first filed in August.


Emefiele was charged alongside a female CBN employee, Sa’adatu Yaro, and her company, April 1616 Investment.

Their arraignment before the High Court of the Federal Capital Territory, Abuja was stalled on two occasions, as the Department of State Services failed to produce Emefiele in court.

Following his release by the DSS and immediate re-arrest by the Economic and Financial Crimes Commission on October 27, the Federal Government amended the charges against him.

Also, the quantum of the alleged procurement fraud was reduced from N6.9bn to N1.2bn, and also Emefiele is the only defendant in the new charge.

The defendants had been scheduled to be arraigned on Wednesday, the matter could, however, not proceed due to the ongoing strike by the Nigeria Labour Congress and Trade Union Congress’ strike following an assault on the NLC President,  Joe Ajaero, in Imo State on November 1.

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