The Nigerian government will prosecute Emefiele again on some new charges Godwin Emefiele, who attempted to run for the presidency of Niger...
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The Nigerian government will prosecute Emefiele again on some new charges
Godwin Emefiele, who attempted to run for the presidency of Nigeria last year, is facing a legal challenge, as prosecutors in Nigeria filed a 20-count indictment against him.
- In this month of August 2023, the federal government of Nigeria will prosecute the late Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele and his associates.
They are accused of fraud of 6.9 billion naira at the High Court of the Federal City of Abuja.
Emefiele will appear before the court together with Sa'adatu Yaro, a CBN employee, and her company called April1616 Investment Limited.
The charges include 20 counts of fraud, conspiracy, and bribery of his associates.
Emefiele, who has been in custody since his suspension on June 9, 2023, is accused of giving bribes to Yaro, a director at April 1616 Investment Ltd. This alleged offense contravenes section 19 of the Corruption and Related Offenses Act. Act 2000.
The charges signed by the Director of Public Prosecutions of the Federal Ministry of Justice, Mohammed Abubakar, together with other officials of the ministry stated that the suspects bought over 98 luxury cars and buses. armor whose cost is about 6.9 billion Naira in 2018. and 2020.
These items included 84 Toyota Hilux vehicles, 10 Mercedes Benz armored buses, three Toyota Land Cruisers, and one Toyota Avalon.
Emefiele is accused of giving a corrupt contract to Yaro and her company, Sa'adatu Yaro is accused of conspiracy and corruption, and Sa'adatu Yaro is facing charges for allegedly holding other interests secret.
The witnesses listed against the defendants include senior people from the CBN's procurement and sales department. It is expected that the case will shed light on these alleged procurement errors and their implications.
President Tinubu suspended Emefiele on June 9, 2023, and the secret police detained him on June 10.
The bank president who was suspended initially filed a case on the charge of possessing a weapon, where he got bail after the case he filed on July 25, but he was immediately arrested again.
A government lawyer stated that, "We filed a case with charges" and they withdrew the case they filed before the Federal High Court in Lagos.
Emefiele's detention prompted him to challenge the case and seek bail by filing a lawsuit in court, although he refrained from commenting publicly on the allegations against him.
Emefiele's tenure included the introduction of several currency exchange systems to temporarily strengthen the currency, a system that Nigeria's previous president, Muhammadu Buhari, viewed as a matter of national pride.
Earlier Buhari appointed him for a second term of five years in 2019, Emefiele's term will end next year. This allowed him to become the second longest serving president in the country's history.
Citizens and those who follow the situation are closely monitoring the future of the case between Emefiele and the federal government based on the charges against him.