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Ex CBN governor Godwin Emefile to be charged to court on Monday
The formal Central Bank of Nigeria governor, Godwin Emefile will again appear in court on Monday, April 8, 2024, following the accusations levied against him by the Economic and Financial Crimes Commission (EFCC) on abuse of his office.
Emefielle who is facing the charges alongside his co-defendant Henry Isioma Omole before the Ikeja State High Court in Lagos, oversaw the allocation of billions of United States dollars without adhering to proper procedures.
The Economic and Financial Crimes Commission alleged that Emefiele directed the allocation of $2,136,391,737.33 in foreign exchange between 2022 and 2023, alongside similar actions totaling $291,945,785.59 between 2020 and 2021, and $1,769,254,793.16 in 2021 alone, all without due process.
Omole, who is Emefiele’s co-defendant allegedly received $110,000 as a reward for Emefiele’s role in facilitating foreign exchange allocation. These offences violate Section 73 of the Criminal Law of Lagos State, 2011.