News - North Central - FCT Updated: November 16, 2023

Emefiele: FG reduces charges against former CBN governor

By Rasheed Olajide Awoniyi
November 16, 2023

The accusations against former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, have been reduced by the Federal Government from twenty to six counts. 

The charges, which were originally set at N6.5 billion but have now been drastically reduced to N1.2 billion, are focused on suspected procurement fraud.

The updated allegations hold Emefiele accountable for allegedly giving Sa'adatu Ramallan Yaro, a CBN employee, and her business, April 1616 Investment Ltd benefits. 

They describe incidents in which April 1616 Investment, a company with Yaro as director, is purportedly the recipient of contracts for the delivery of several automobiles.

As reported by Punch, the updated charge sheet with the additional charge, CR/577/2023, was filed on Wednesday and has Emefiele as the sole defendant.


Since it was first filed in August, the lawsuit has encountered several obstacles, one of them being Emefiele's nonattendance at court hearings due to the Department of State Services' inability to provide him. 

Yesterday, due to labour strikes by the Judiciary Staff Union of Nigeria (JUSUN) at the Federal Capital Territory High Court branch, Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN) arraignment was delayed

The previous week, Justice Olukayode Adeniyi granted Emefiele bail.

His attorneys had to make sure he showed up in court for his arraignment on Wednesday (yesterday), or any other day after the justice gave them an order for his immediate release.

However, the organised labour called off its nationwide strike on Wednesday evening, hence with the strike called off, JUSUN at the federal capital territory will resume duty today and Emefiele's arraignment will be scheduled any time from now. 


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Rasheed Olajide Awoniyi

Rasheed is a Prolific Content Writer who also has a niche in all Genres of Literature, Academic Pape...

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