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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.
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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A major fire outbreak on Saturday gutted a four-bedroom apartment converted into a tailoring workshop in Ibadan, the Oyo State capital.
The incident occurred in the early hours at Benjamin, Alabama Junction in the Eleyele axis of Ido Local Government Area, leaving equipment and valuables worth millions of naira destroyed.
Confirming the incident, the Chairman of the Oyo State Fire Service, Maroof Akinwande, said operatives of the agency were swiftly deployed to the scene after receiving a distress call.
“The fire emergency was reported at exactly 4:15 a.m. on Saturday, 20th September, 2025. Once the address was verified, our team, led by ACFS Bamidele Samsudeen, promptly mobilised to the scene,” Akinwande explained.
He urged residents to always give accurate information and report fire emergencies without delay, stressing that quick response is critical to minimizing losses during such incidents.
Two terrorists have been killed by troops of the Joint Task Force North West, Operation FANSAN YANMA, during an ambush in Kachia Local Government Area of Kaduna State.
Security analyst Zagazola Makama shared the information on X on Sunday, saying the troops acted on credible intelligence about the movement of the attackers.
According to the Makama, the soldiers from Sub-Sector 5 set up an ambush along the Wake–Kabode–Abrum axis after learning that terrorists were heading from Gabachua high ground towards Insami and Kabode for a planned kidnapping.
“The ambush, which took place around 7:00 a.m., led to the killing of two terrorists,” Makama wrote.
Troops recovered two AK-47 rifles, two extra magazines, a mobile phone, and a motorcycle, which was destroyed at the scene.
A notorious bandit leader, Kachalla Ummaru, has warned that government military operations targeting bandits could exacerbate insecurity, asserting that any attempt to kill 10 bandits would lead to 20 more emerging in retaliation, while killing 30 could trigger further unrest in cities and villages.
Ummaru made the remarks on Saturday during a peace dialogue between bandit groups and community leaders in Matazu Local Government Area of Katsina State.
He urged security operatives to exercise restraint, emphasizing that the dialogue process would only succeed if all parties approached it in good faith.
The meeting, convened to foster peace and reconciliation, comes amid renewed efforts by stakeholders to curb banditry across Katsina and neighbouring states.
Community elders attending the dialogue also called on both bandit groups and security agencies to commit to genuine peace to ensure the safety and well-being of residents.
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