Nigerian Government To Arraign Suspended Central Bank Governor, Emefiele, Two Others Over Alleged Fraud In Purchase Of N6.9Billion Posh Vehicles

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The Nigerian Government will arraign the suspended Central Bank Governor, Godwin Emefiele and two other suspects before the Federal Capital Territory High Court on Thursday over fresh 20 counts, bordering on procurement fraud allegations. It was learned the two other defendants are a female CBN employee, Sa’adatu Yaro and her company, April 1616 Investment Limited for alleged N6.9 billion procurement fraud, conspiracy and conferring corrupt advantages on his associates.

Director of Public Prosecutions at the Federal Ministry of Justice, Mohammed Bakodo Abubakar told Justice Nicholas Oweibo that the application followed the result of further investigation.The Nigerian Government will arraign the suspended Central Bank Governor, Godwin Emefiele and two other suspects before the Federal Capital Territory High Court on Thursday over fresh 20 counts, bordering on procurement fraud allegations.

But the defence counsel, Joseph Daudu opposed him, arguing that because the government was in disobedience of the court's order granting Emefiele bail, its application could not be taken.The judge on July 25 admitted Emefiele to N20 million bail on two counts of illegal possession of firearms and ammunition and ordered his remand at the Ikoyi Correctional Centre, pending the fulfilment of his bail conditions.

Source: News Formal (newsformal.com)

 

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