ARRAIGNMENT OF FORMER CBN GOVERNOR GODWIN EMEFIELE

PRESS RELEASE

08/04/24

The Lagos state high court sitting in ikeja, Monday, ordered the remand of former Governor of the central bank of Nigeria, Godwin Emefiele in the custody of the economic and financial crimes commission, EFCC while the co-defendant, Henry Omoile be remanded at the Ikoyi correctional facility till Thursday when ruling on the bail application will be delivered.

Former CBN Governor, Godwin Emefiele and Co-defendant, Omoile are standing trial over alleged abuse of power and allocation of foreign exchange worth billions of dollars.

Counsel for the defendant, Lebi Lawal who had filed two bail applications for the defendants, prayed the court to grant Emefiele bail on self recognizance, adding that the defendant had manifested himself not to be a flight risk.

The defendants who took their pleas before Justice Rahmon Oshodi had pleaded not guilty to the twenty six count charge preferred against them by the EFCC.

According to the charge sheet, filed by Rotimi Oyedepo SAN, marked ID/23787c/2024 and dated April third, the EFCC alleged that the first defendant abused his office as the governor of the central bank of Nigeria between 2020 and 2023.

The offenses contravene sections 73, 65 of the criminal laws of Lagos, 2015, Section 8, 10 and 19 of the corrupt practices and other related offenses Act, 2000 and Section 328 of the criminal Laws of Lagos 2011.