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Monday, May 27, 2024

Emefiele pleads not guilty to printing N684m notes with N18.96bn

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Godwin Emefiele, ex-governor of the Central Bank of Nigeria, CBN pleaded not guilty to a four-count charge bordering on printing N684 million notes with N18.96 billion.

Emefiele, on Wednesday, pleaded not guilty when he was arraigned by the Economic and Financial Crimes Commission (EFCC), before Justice Maryann Anenih of the FCT High Court, Abuja.

In the four-count charge filed against him, the EFCC alleged that Emefiele disobeyed the direction of law with intent to cause injury to the public during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.

The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

Wednesday’s arraignment brought to three the number of charges pending against the former CBN Governor.

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