Nigeria News

EFCC to arraign ex-CBN governor Emefiele over printing of Naira

14 May 2024
EFCC to arraign ex-CBN governor Emefiele over printing of Naira

In response to claims that Mr. Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), illegally created Naira notes during his tenure at the top bank, the Economic and Financial Crimes Commission (EFCC) has chosen to file a new complaint against him. 

In the four-count indictment the anti-graft agency filed with the Federal Capital Territory's High Court, Abuja, it also charged the former head of the CBN with illegally authorising the removal of approximately N124.8 billion from the consolidated revenue pool.

The EFCC claims that the defendant authorised the printing of naira notes without the consent of the CBN board of directors and former President Muhammadu Buhari, acting illegally and "with intent to cause injury to the public." 

Emefiele, who is currently being prosecuted on numerous counts in both Lagos and Abuja, is anticipated to enter a plea before trial judge Maryann Anenih.

Source


LinkedIn share link Twitter share link Facebook share link Whatsapp

0 comments


Leave a Reply

Special Ads

Hello, I'm
Aishat Akinbami

I'm a content writer. I'm passionate about creating compelling content that connects with readers and inspires them to take action. My writing focuses on topics related to technology, business, lifestyle, travel, news articles, and more. I have a knack for finding the perfect words to convey a message, and I'm constantly reading, researching, and learning about new topics. I also love to stay up to date on the latest content marketing trends and best practices.

Trending Now

Latest Post

Categories