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Home»Judiciary/Legislature/Law & Human Rights»Empfield’s alleged N1.6bn fraud case adjourned to Jan 2024
Judiciary/Legislature/Law & Human Rights

Empfield’s alleged N1.6bn fraud case adjourned to Jan 2024

Empfield’s alleged N1.6bn fraud case was adjourned to Jan 2024
John AsishanaBy John AsishanaNovember 28, 2023Updated:November 28, 2023No Comments2 Mins Read
Court remands Emefiele for alleged abuse of office, $4.5bn, N2.8bn fraud
Emefiele
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A Federal Capital Territory High Court in Abuja has adjourned an alleged procurement fraud case involving the ex-Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

The court adjourned the trial of the ex-bank chief to January 18 and 19, 2024, for the continuation of the trial.

Emefiele is standing trial on a six-count amended charge on the alleged procurement of vehicles to the tune of N1.6bn.

He had pleaded not guilty to the charges.

He was granted bail on November 17, 2023, to the tune of N300 million and two sureties, and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions.

At the resumed hearing, the prosecution witness, who is a top official of the Corporate Affairs Commission (CAC), told the court that Emefiele was not the owner or a shareholder of April1616 Investment Limited, awarded a N1.2bn vehicle supply contract by CBN under Emefiele.

He was led in evidence by EFCC lawyer Rotimi Oyedepo while tendering several documents on how the company was incorporated on August 1, 2016.

He further read out the names of the shareholders of the company, which comprise Aminu Yaro, Maryam Abdullahi, and Saadatu Yaro as joint owners of the entity.

Emefiele’s lawyer, Mathew Burkaa, who declined to speak on camera, said Emefiele has yet to meet his bail conditions.

Counsel for the Economic and Financial Crimes Commission (EFCC) and the Federal Government declined to speak at the day’s proceedings.

CBN EFCC Fraud High Court
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