The suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele is set to face legal action for his alleged involvement in a ₦6.9 billion procurement fraud.
The arraignment, along with his associates, will take place at the Federal Capital Territory High Court in Maitama, Abuja.
The charges, which include allegations of procurement fraud, conspiracy, and conferring corrupt advantages, have stirred significant attention.
READ ALSO: Former CBN Governor Godwin Emefiele charged to court by DSS following court order
He helped Sa’adatu Yaro
Emefiele’s detention since his suspension on June 9 by President Bola Tinubu has fueled public interest in the case.
The charges primarily revolve around claims that Emefiele granted undue advantages to Sa’adatu Yaro, a CBN employee, and her company, April1616 Investment Limited.
The accusations are rooted in actions that contravene section 19 of the Corrupt Practices and Other Related Offences Act 2000.
Emefiele might go to prison
If found guilty, Emefiele could potentially face up to five years in prison, with no option for a fine.
The allegations are extensive, encompassing the procurement of a fleet of luxurious vehicles and armored buses totaling around ₦6.9 billion.
The purchases took place between 2018 and 2020 and included vehicles such as 84 Toyota Hilux vehicles, 10 armored Mercedes Benz buses, three Toyota Land Cruisers, and one Toyota Avalon car.
Particularly damning are allegations that Emefiele awarded contracts to Yaro’s company, resulting in substantial financial benefits. These allegations are at the core of the charges against him.
There are also witnesses
The case’s witnesses include prominent figures within the CBN’s procurement departments, further underscoring the seriousness of the allegations.
Meanwhile, in a separate development, a ruling on the application to withdraw charges related to illegal firearm possession against Emefiele has been scheduled for Thursday by a Federal High Court in Lagos. This adds another layer of complexity to Emefiele’s ongoing legal battle.
The charges against Emefiele have sent shockwaves through Nigeria’s financial and legal communities.
READ ALSO: I am not guilty: Court sets Emefiele’s bail at N20 Million
FCT High Court dismisses DSS request for extended detention of Emefiele
In another news, the Federal Capital Territory (FCT) High Court in Abuja has rejected a request made by the Department of State Services (DSS) to extend the detention of the suspended former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele.
The DSS had sought a 14-day extended detention order, claiming to have discovered fresh evidence.
it was filed discreetly by the DSS’s legal team on Wednesday, and was brought before Justice Hamza Muazu, who was sitting as a vacation judge.
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