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Home Top Story Ex CBN Governor, Emefiele Arraigned In Court For Printing N684million Notes With N18.96billion

Ex CBN Governor, Emefiele Arraigned In Court For Printing N684million Notes With N18.96billion

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The Nigerian government has initiated another criminal charge against the former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for approving the printing of N684.5million notes at the rate of N18.96billion, Sahara Reporter reports.

 

In the charge filed before Justice Maryann Anenih of the Federal Capital Territory High Court, Abuja, by federal government through the anti-graft agency, the Economic and Financial Crimes Commission (EFCC), also accused him of unlawfully approving the withdrawal of N124.8billion from the Consolidated Revenue Fund of the Federation.

READ EFCC Must Stop Political Witch-hunt of Former Gov. Bello – Kogi Govt

Emefiele who is currently standing trial on two different criminal charges, was arraigned for the 3rd criminal charge on Wednesday.

 

When the new four-count criminal charge was read to him, he pleaded not guilty.

The new charge, dated April 2, 2024, was filed by the EFCC prosecutor Rotimi Oyedepo (SAN) alongside eight other lawyers acting on behalf of the Attorney General of the Federation.

 

Counts one to four of the charge, reads, “STATEMENT OF OFFENCE: Public Servant disobeying direction of law with intent to cause injury to the public contrary to and punishable under Section 123 of the Penal Code Law, Cap. 89 Laws of the Federation, 1990.

 

PARTICULARS OF THE OFFENCE: That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 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.”

COUNT 2: “That you, GODWIN IFEANYI EMEFIELE, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes, at the total cost of N4, 471,066,040 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.

 

COUNT 3: “That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of colour swapped N200 (Two Hundred Naira) Note, at the total cost of N3, 441, 005, 280 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.”

 

COUNT 4: “That you, GODWIN IFEANYI EMEFIELE, on or about the 7th day of October 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended), by approving the withdrawal of the total sum of N124, 860, 227, 865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public and you thereby committed an offence.”

 

Meanwhile with current charge, the CBN ex-governor is facing three criminal suits pending in various courts.

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