EFCC Set to Arraign Ex-CBN Governor, Godwin Emefiele on Fresh Charge

The Economic and Financial Crimes Commission (EFCC) is set to bring new charges against Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN).

Scheduled for arraignment on April 30 at the FCT High Court, Abuja, Emefiele faces a four-count charge over alleged financial misconduct linked to the naira swap policy during Muhammadu Buhari’s administration.

According to EFCC, Emefiele is accused of approving the printing of significant sums of money totaling N18.96 billion without proper authorization. This includes N684.5 million in notes. The former CBN governor also allegedly sanctioned the withdrawal of N124.8 billion from the Federation’s Consolidated Revenue Fund unlawfully.

These charges contribute to an increasing list of legal troubles for Emefiele, who has already faced court on separate occasions for different charges, including procurement fraud and a multi-billion-dollar financial misconduct case, to which he has pleaded not guilty.

The latest charges, filed by EFCC prosecutor Rotimi Oyedepo and a team of eight lawyers, highlight alleged disobediences to the CBN Act and the Nigerian Constitution, emphasizing actions that reportedly led to public financial harm.