Emefiele faces trial over alleged N6.9bn fraud Thursday

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Abuja, Aug. 16, 2023 – Godwin Emefiele, the suspended Governor of Central Bank of Nigeria (CBN) will on Thursday be arraigned at the Federal Capital Territory (FCT) High Court in Abuja over a N6.9 billion procurement fraud.

He will be arraigned alongside an associate, Sa’adatu Yaro

Emefiele is being accused of conferring corrupt advantages on Yaro, a Director in April 1616 Investment Ltd.

The offence is contrary to Section 19 of the Corrupt Practices and Other Related Offences Act, 2000.

The section read: “Any public officer who uses his office or position to gratify or confer any corrupt or unfair advantage upon himself or any relation or associate of the public officer or any other public officer shall be guilty of an offence and shall on conviction be liable to imprisonment for five years without an option of fine.’’

In the charges, jointly signed by the Director of Public Prosecutions, Federal Ministry of Justice, Mohammed Abubakar; Deputy Director, Public Prosecution, Nkiru Jones-Nebo and eight other ministry officials, the three accused persons are alleged to have bought a fleet of over 98 exotic vehicles and armoured buses valued at about N6.9 billion.

Some of the vehicles bought between 2018 and 2020 included 84 Toyota Hilux vehicles, 10 armoured Mercedes Benz buses, three Toyota Landcruiser vehicles and one Toyota Avalon car. (GBN)

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