The Economic and Financial Crimes Commission (EFCC) is set to arraign the former Governor of the Central Bank of Nigeria, Godwin Emefiele, on Monday, April 8, 2024, at the Ikeja State High Court in Lagos.
Emefiele, alongside his co-defendant Henry Isioma Omole, faces 26 counts of alleged abuse of office related to the allocation of billions of United States dollars.
The charges, filed by Mr. Rotimi Oyedepo (SAN) and marked ID/23787c/2024, accuse Emefiele of abusing his authority by arbitrarily allocating foreign exchange totaling $2,136,391,737.33 without bids.
The EFCC alleges similar arbitrary acts in allocating foreign exchange sums of $291,945,785.59 and $1,769,254,793.16 between 2020 and 2021.
Emefiele’s co-defendant, Omole, is accused of accepting $110,000 through Monday Osazuwa as a reward for Emefiele’s alleged allocation of foreign exchange in favor of his employer.
These charges, according to the EFCC, contravene Section 73 of the Criminal Law of Lagos State, 2011.
The arraignment marks a significant development in the ongoing legal proceedings against Emefiele and underscores the EFCC’s commitment to combating financial crimes and ensuring accountability within Nigeria’s financial sector.
