• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Emefiele appears before court over alleged 6.9 Billion Naira procurement fraud

Emefiele appears before court over alleged 6.9 Billion Naira procurement fraud

August 17, 2023

Rap group call out publication for using their image in place of ‘gang’

August 16, 2026

Meet the woman who’s making consumer boycotts great again

August 15, 2026

New campaign wants you to raise funds for abuse victims by ditching the razor

August 14, 2026

Twitter tweaks video again, adding view counts for some users

August 13, 2026

A beginner’s guide to the legendary Tim Tam biscuit, now available in America

August 12, 2026

India is bringing free Wi-Fi to more than 1,000 villages this year

August 11, 2026

Betterment moves beyond robo-advising with human financial planners

August 10, 2026

People are handing out badges at Tube stations to tackle loneliness

August 9, 2026

Trump’s H-1B Visa Bill spooks India’s IT companies

August 8, 2026

Magical fish basically has the power to conjure its own Patronus

August 7, 2026

This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

August 6, 2026

Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

August 5, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 28, 2026
  • Login
NCNC
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • News
    • All
    • Business
    • Politics
    • Science
    • World

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    Magical fish basically has the power to conjure its own Patronus

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    You can now play Bill Gates’ first PC game and run over donkeys on your iPhone, Apple Watch

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Magical fish basically has the power to conjure its own Patronus

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    You can now play Bill Gates’ first PC game and run over donkeys on your iPhone, Apple Watch

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Magical fish basically has the power to conjure its own Patronus

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
NCNC
No Result
View All Result
Home Law

Emefiele appears before court over alleged 6.9 Billion Naira procurement fraud

by Nigerian Canadian Newspaper Canada
August 17, 2023
in Law, Nigerian News
250 6
0
Emefiele appears before court over alleged 6.9 Billion Naira procurement fraud
497
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has appeared before the Federal Capital Territory (FCT) High Court in Abuja over N6.9 billion alleged procurement fraud. 

His arraignment was stalled due to the absence of the second defendant who is indisposed.

Though Emefiele, the first defendant, was present in court, the second defendant, a female CBN employee, Sa’adatu Yaro, was absent from court.

Following an application for adjournment, the matter was adjourned by the Presiding Judge, Justice Hamza Muazu to August 23, 2023.

Emefiele will be arraigned alongside Yaro and her company, April1616 Investment Limited on 20 charges of procurement fraud, conspiracy and conferring corrupt advantages on his associates. 

Emefiele has been accused of conferring corrupt advantages on Yaro, a director in April 1616 Investment Ltd. 

The offence is contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000 which read: “Any public officer who uses his office or position to gratify or confer any corrupt or unfair advantage upon himself or any relation or associate of the public officer or any other public officer shall be guilty of an offence and shall on conviction be liable to imprisonment for five years without an option of fine.’’

In the charges signed by the Director of Public Prosecutions, Federal Ministry of Justice, Mohammed Abubakar; Deputy Director, Public Prosecution, Mrs Nkiru Jones-Nebo and eight other ministry officials, the accused persons were alleged to have bought a fleet of over 98 exotic vehicles and armoured buses valued at about N6.9bn. 

Emefiele was alleged to have also conferred a corrupt advantage on Yaro by awarding a contract for the supply of one Toyota Avalon at the cost of N99.9m to her company, April1616 Investment Ltd., in 2019.

Also, Emefiele was accused of awarding a contract for the supply of a Toyota Landcruiser V8 for N77.050m to the third defendant in 2018, conspiring with Yaro to confer corrupt advantages on the CBN staffer by awarding to her a contract for the supply of two Toyota Hilux Shell specification vehicles at the cost of N44.2m sometime in 2020 and awarding another contract to Yaro and her company for the purchase of one Toyota Landcruiser VXR valued at N96m in 2020. 

Yaro was similarly accused of fraudulent acquisition of property for getting a contract from the CBN for the supply of 47 Toyota Hilux vehicles at the cost of N1,085, 700,000 and thereby committed a punishable offence. 

Count one read: “That you, Godwin Ifeanyi Emefiele, male, adult, sometime in 2018 within the jurisdiction of this honourable court did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff member of the Central Bank of Nigeria by awarding a contract for the supply of 37 (Nos.) Toyota Hilux Vehicles at the cost of N854,700,000 only to April 1616 Investment Ltd, a company in which she is a director and thereby committed an offence.

“Statement of the offence: Conferring corrupt advantage contrary to section 19 of the Corrupt Practices and Other Related Offences Act 2000.’’

The Federal Government further accused Emefiele of conspiracy to confer corrupt advantage on the second defendant contrary to sections 26 (c) and 19 of the Corrupt Practices and Other Related Offences Act 2000 and punishable under Section 19 of the same Act.

The charge stated: “That you, Godwin Ifeanyi Emefiele, male, adult, Sa’adatu Ramallan Yaro, female, adult, and April 1616 Investment Ltd, sometime in 2019 within the jurisdiction of this Honourable Court did conspire amongst yourselves to use the office of Mr. Godwin Ifeanyi Emefiele as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 1 (No.) Toyota Landcruiser V8 at the cost of N73,800,000 only to April 1616 Investment Ltd.”

SUPPORT NIGERIAN CANADIAN NEWSPAPER CANADA

If you like our work and want to keep enjoying what we offer, kindly support us by donating to the Nigerian Canadian News by clicking here

Share your thoughts in the comments section below

Do you want to share any news or information with us? If yes, contact the publisher at publisher@test1.nascitest.club

Post Views: 437
Tags: Godwin Emefiele
Share199Tweet124
Nigerian Canadian Newspaper Canada

Nigerian Canadian Newspaper Canada

  • Trending
  • Comments
  • Latest
Toronto Pastor Kidnapped in Benin City, Nigeria

Toronto Pastor Kidnapped in Benin City, Nigeria

January 20, 2022
Health Canada approves updated Pfizer-BioNTech COVID vaccine

Health Canada approves updated Pfizer-BioNTech COVID vaccine

September 29, 2023
Nigerian Government declares June 12 public holiday

President Tinubu’s 2024 New Year message

January 1, 2024

Ministers reveal Canada will maintain Afghan evacuation for as long as deteriorating security permits

8

Huawei executive’s extradition hearing in Canada comes to a close

7

Kevin O’Leary testifies he can’t remember if his wife drank before the deadly boat crash 

5

Rap group call out publication for using their image in place of ‘gang’

August 16, 2026

Meet the woman who’s making consumer boycotts great again

August 15, 2026

New campaign wants you to raise funds for abuse victims by ditching the razor

August 14, 2026
NCNC

© 2026 Nigerian Canadian Newspaper Canada. Powered by NASCI.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Visit SabiPT AI
No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

© 2026 Nigerian Canadian Newspaper Canada. Powered by NASCI.