NEWS

Emefiele Printed N684.5m With N18.9bn- EFCC In Fresh Charge

These actions, as per the charge sheets reviewed by Waffi TV, are said to have violated the law.

By Musa Ibrahim

The Economic and Financial Crimes Commission has brought forth a new accusation in the High Court of the Federal Capital Territory against the former governor of the Central Bank of Nigeria, Godwin Emefiele.

According to the charge, the EFCC alleges that Emefiele sanctioned the printing of N684,590,000 at a rate of N18.96 billion, and unlawfully authorized the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

These actions, as per the charge sheets reviewed by Waffi TV, are said to have violated the law and harmed the public during the implementation of the naira swap policy under the administration of former President Muhammadu Buhari.

The document dated April 2, 2024, and marked Suit No: CR/264/2024, was filed by EFCC’s top prosecutor, Rotimi Oyedepo, SAN revealed that Emefiele will be arraigned on a new four-count charge before Justice Hamza Muazu bordering on disobeying the law to punish Nigerians, iilegal printing of money, abuse of office, among others.

Counts one to four of the charge, 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.

“PARTICULARS OF THE OFFENCE: That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of N375,520,000.00 pieces of colour swapped N1, 000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.”

“COUNT 2: “That you, GODWIN IFEANYI EMEFIELE, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes, at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

“COUNT 3: “That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of colour swapped N200 (Two Hundred Naira) Note, at the total cost of N3, 441, 005, 280 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.”

“COUNT 4: “That you, GODWIN IFEANYI EMEFIELE, on or about the 7th day of October 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended), by approving the withdrawal of the total sum of N124, 860, 227, 865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public and you thereby committed an offence.”

Emefiele, on November 18, 2023, faced arraignment before the court on six counts of procurement fraud, marking one of the most prominent corruption cases during President Bola Ahmed Tinubu’s tenure.

He was additionally accused of misusing his authority by endorsing a contract for the procurement of 43 vehicles totaling N1.2 billion between 2018 and 2020.

Recently, on Monday, April 8, 2024, the EFCC presented the former banker alongside Henry Omoile before Justice R.A. Oshodi of the Special Offences Court in Ikeja, Lagos, on charges of alleged fraud amounting to $4.5 billion and N2.8 billion.

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