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Home Law

Emefiele, one other to be arraigned by EFCC for abuse of office, corruption on Monday

Nigerian Canadian Newspaper Canada by Nigerian Canadian Newspaper Canada
April 6, 2024
in Law, Nigerian News
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Court grants Emefiele N20m bail

The Economic and Financial Crimes Commission (EFCC), will arraign the embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, before Justice Rahman Oshodi of the Special Offences Court, for alleged abuse of office on Monday.

Emefiele will be arraigned alongside Henry Omoile before Mr Oshodi on a 26-count which borders on abuse of office, accepting gratification, accepting gifts through agents, corruption, and fraudulent property receipt.

He was also accused of conferring corrupt advantage on his associates contrary to the Corrupt Practices Act of 2000.

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

One of the counts stated that Emefiele allegedly committed an abuse of office between 2022 and 2023 in Lagos, an offence punishable under Section 73 of the Criminal Law of Lagos State, 2011.

Another count alleged that directed to be done in abuse of the authority of his office, as the Central Bank Governor, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2.2 billion without bids.

It was also alleged that Emefiele abused his office by allocating foreign exchange in the aggregate sum of $291 million without bids, which act was prejudicial to the rights of Nigerians.

Emefiele’s co-defendant, Omeile, was alleged to have acted as an agent and collected the total sum of $110,000 from Raja Punjab through Monday Osazuwa for the ex-CBN boss as a reward for allocating foreign exchange by the Central Bank in favour of Punjab’s employer.

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