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Home»Business/Economy/Banking & Finance»Nigerian govt reduces 20 charges against Emefiele to 6
Business/Economy/Banking & Finance

Nigerian govt reduces 20 charges against Emefiele to 6

Nigerian govt reduces 20 count charges against Emefiele to 6
NewsdeskBy NewsdeskNovember 16, 2023Updated:November 16, 2023No Comments2 Mins Read
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The Nigerian gvernment has reduced from 20 counts procurement charges it filed against the immediate-past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to six.

In the original charge filed in August, the Federal Government alleged that the procurement fraud was to the tune of N6.5 billion.

The original charges were first filed in August.

Emefiele was charged alongside a female CBN employee, Sa’adatu Yaro, and her company, April 1616 Investment.

The quantum of the alleged procurement fraud was reduced from N6.9 billion to N1.2 billion.

Also, Emefiele is the only defendant in the new charge.

In the amended charge sheet, the Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion.

The former CBN governor was accused of giving a corrupt advantage to Yaro by awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.

Count one read, “That you, Godwin Ifeanyi Emefiele, male, adult, sometime in 2018 within the jurisdiction of this Honourable Court did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 37 Toyota Hilux Vehicles at the cost of N854,700,000 only to April1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro is a director and thereby committed an offence.”

In the second count, Emefiele was accused of using his position to corruptly confer an advantage on Yaro, “a staff of the Central Bank of Nigeria by awarding a contract for the supply of one Toyota Avalon at the cost of N99,900,000 only to April1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro Director and thereby committed an offence.”

He was also accused of conferring corrupt advantage contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000 by awarding a contract for the supply of one Toyota Landcruiser V8 April1616 Investment Ltd., in 2019 at the cost of N73m.

The fourth count was about a Toyota Landcruiser V8 valued N73,800,000 awarded illegally to April 1616 Investment Ltd.

The FG further accused the former CBN governor of also awarding a contract to Yaro for the supply of two Toyota Hilux Shell Specification Vehicles at the cost of N44,200,000 in 2020.

Charges Godwin Emefiele
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