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Home»LAW & HUMAN RIGHTS»[JUST IN] Alleged N6.9bn fraud: Ill-health stalls Emefiele’s arraignment
LAW & HUMAN RIGHTS

[JUST IN] Alleged N6.9bn fraud: Ill-health stalls Emefiele’s arraignment

Abdallah el-KurebeBy Abdallah el-KurebeAugust 17, 2023Updated:August 17, 2023No Comments1 Min Read
SEC partners CBN for seamless banking sector recapitalization
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ASHENEWS, reports that due to the absence of the first and second defendants, as a result of ill-health, the Federal High Court sitting in Abuja has postponed the arraignment of the suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to August 23.

However, only Emefiele appeared in court Thursday.

The trio have been charged with alleged N6.9 billion procurement fraud.

Responding to request for delay of the case, Justice Hamza Muazu rather postponed the matter to August 23, 2023.

Emefiele will be charged with 20 counts of procurement fraud, conspiracy, and providing corrupt benefits to his accomplices together with a female CBN employee – Sa’adatu Yaro and her business, April1616 Investment Limited.

The embattled apex bank leader, who has been detained since he was removed from office on June 9, 2023, was charged with giving Yaro, a director of April 1616 Investment Ltd., corrupt favours.

The activities in question contravene the Corrupt Practices and Other Related Offences Act 2000’s Section 19.

Meanwhile, a Federal High Court in Lagos will sit on Thursday to consider a request by the Federal Government to withdraw the “illegal possession of firearm charge” against Emefiele.

Court Godwin Emefiele Procurement fraud
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CJID awards sustainability grants to 7 media organisations [SEE LIST]

August 3, 2026

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