BREAKING: EFCC Exposes How Emefiele Spent N18.9bn to Print N684.5m

• The EFCC has filed a fresh suit against the former governor of the CBN, Godwin Emefiele at the Federal High Court in Abuja
• In the new suit, the anti-graft agency alleged that the ex-CBN governor printed N684,590,000 at the rate of N18.96 billion
• Emefiele was alleged to have broken the law with the intent of hurting the Nigerian public during the implementation of the new naira note policy

Legit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.

FCT, Abuja - Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), has been dragged before a Federal High Court in Abuja in a fresh suit filed by the Economic and Financial Crimes Commission (EFCC).

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In the new charge, the embattled former governor of the CBN was accused of signing the printing of N684,590,000 at the cost of N18.96 billion.

According to The Punch, the EFCC, in a charge cheat, said Emefiele broke the law to harm the public while implementing the new naira notes policy of the immediate-past president Muhammadu Buhari's administration.

EFCC files fresh suit against Emefiele

In the suit, the EFCC also alleged that Emefiele, while in office, unlawfully approved the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation (CRFF).

According to the EFCC's top prosecutor, Rotimi Oyedepo, SAN, in the case file with No: CR/264/2024, dated April 2, 2024, Emefiele is scheduled to be arraigned on a new four-count charge before Justice Hamza Muazu on the allegation of disobeying the law to punish Nigerians, abuse of money, illegal printing, among others.

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The case file partly read:

“STATEMENT OF OFFENCE: Public Servant disobeying direction of law with intent to cause injury to the public contrary to and punishable under Section 123 of the Penal Code Law, Cap. 89 Laws of the Federation, 1990."

Emefiele gets new bail conditions

Legit.ng earlier reported that the embattled former governor of the CBN has gotten bail twice since his dilemma began after leaving office.

Justice Rahman Oshodi of Ikeja Special Offences Court said Emefiele should pay N50 million and meet four other conditions before leaving the custody of the EFCC.

The former CBN governor was first granted N20 million bail by the federal high court in Lagos but was rearrested by the DSS at the court premises.

Source: Legit.ng