The Economic and Financial Crimes Commission (EFCC) will arraign a former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele on Wednesday for approving the printing of N684.5m at the rate of N18.96bn.

Published

1 year ago

May 13, 2024

The arraignment was originally scheduled for April 30, 2024, but was rescheduled following the agreement of the court and the parties.

In the four-count charge filed against him, the EFCC alleged that Emefiele disobeyed the direction of law with intent to cause injury to the public during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.

The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

Channels Television gathered that the former CBN governor will be arraigned on these counts before Justice Maryann Anenih of the FCT High Court, Abuja.

This arraignment will bring to three the number of charges pending against the former CBN governor.

On Nov. 17, 2023, Emefiele was arraigned before Justice Hamza Muazu on a six-count charge of procurement fraud to which he pleaded not guilty.

He was also accused of abusing his office by approving a contract for the acquisition of 43 vehicles totalling N1.2 billion from 2018 to 2020.

On April 8, 2024, the EFCC also arraigned the former banker alongside one Henry Omoile before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos for an alleged $4.5bn and N2.8bn fraud.

He’s also pleaded not guilty to the charge.

The new charge, dated April 2, 2024, was filed by the EFFC prosecutor Rotimi Oyedepo (SAN) alongside eight other lawyers acting on behalf of the Attorney General of the Federation.

Counts one to four of the charge, reads, “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.”

©: Channels TV

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Abia Government Confirms Herdsmen Attack In Umunneochi, Many Killed

Published

40 minutes ago

June 18, 2025

Ekwutos Blog

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‎The Abia State government has confirmed an attack by armed herdsmen in the Umunneochi local government area, resulting in several fatalities.
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‎The state Commissioner for Information, Okey Kanu, who was silent on the casualty figures, disclosed this while addressing journalists at the Government House in Umuahia.
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‎”There have been some security breaches in the Umunneochi area of the state, leading to some fatalities,”
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‎ Kanu said that the state security agencies had been put on full alert to address the security issue.
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Benue crisis barbaric, unacceptable — Deputy Speaker

Published

51 minutes ago

June 18, 2025

Ekwutos Blog

Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, has condemned the brutal killings in Yelewata and Daudu communities in Guma Local Government Area of Benue State, describing the attacks as barbaric, disturbing, and utterly unacceptable.
In a statement issued on Tuesday, Kalu expressed deep sorrow over the loss of lives and extended his condolences to the affected families and the government of Benue State. He called on security agencies to collaborate and take decisive action to apprehend and prosecute those responsible for the heinous crimes.

“I join Mr. President in calling on the security agencies to act swiftly and decisively. The recent incident in Yelewata, Benue State, is not only disturbing but deeply disheartening.

“The barbaric killing of members of the community is utterly unacceptable. I strongly condemn this wicked act carried out by unidentified individuals,” Kalu said.

He assured that the National Assembly would continue to support efforts aimed at restoring peace and stability in the region. According to him, legislative intervention is critical in addressing the structural gaps in Nigeria’s security framework.

As part of that commitment, Kalu disclosed that the House Committee on Constitution Review had on Monday convened a dialogue on the country’s national security architecture.

He expressed optimism that the ongoing constitutional review process, particularly in relation to security and policing reforms, would enhance inter-agency cooperation, improve intelligence sharing, strengthen border security, and foster regional coordination for a unified national response to insecurity.

Kalu also prayed for the peaceful repose of the victims’ souls and urged all stakeholders to remain committed to addressing the root causes of the violence to prevent future tragedies.

Niger Flood: Over 700 still Missing, 207 confirmed dead — Gov Bago

Published

59 minutes ago

June 18, 2025

Ekwutos Blog

More than 700 people are still missing after a recent flood swept through Mokwa community in Mokwa Local Government Area of Niger State, according to Governor Umaru Bago.

The governor made this known on Tuesday during a condolence visit by Maj. Hamza Al-Mustapha, former chief security officer to the late Gen. Sani Abacha, and his delegation in Minna, the state capital.

Governor Bago, who was represented by his deputy, Yakubu Garba, said the disaster had claimed many lives and left several families in pain.

“So far, 207 people have been confirmed dead and over 700 persons are still missing. We are yet to know where they are. The flooding has caused extensive damage to lives and property,” he said.

He added that more than 3,000 households were displaced by the flood, while about 400 houses were affected. Out of these, 283 homes and 50 shops were completely destroyed.

Governor Bago described the incident as a national tragedy and thanked individuals and organisations that had sent donations or supported victims.

He also said the state government was working with professional organisations to investigate the cause of the flood and was awaiting their assessment reports.

Maj. Al-Mustapha, who led the visiting delegation, said they were in the state to sympathise with the government and people of Niger State, especially those affected in Mokwa.