EFCC To ArraignEmefiele On Fresh Charges Over Printing Of Naira Notes

On Wednesday, the Economic and Financial Crimes Commission (EFCC) formally charged ex-Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for authorizing the production of N684.5 million at a cost of N18.96 billion.

Emefiele entered a plea of not guilty to the four charges during his arraignment before Justice Maryann Anenih at the FCT High Court in Abuja.

In the four charges leveled against him, the EFCC has accused Emefiele of deliberately disregarding legal instructions with the aim of harming the public while carrying out the naira swap policy under the past administration of President Muhammadu Buhari.

The anti-corruption agency has also alleged that Emefiele improperly authorized the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

At Wednesday’s court appearance, the former CBN governor now has three charges awaiting resolution against them.