The EFCC has arraigned former Governor of the CBN, Godwin Emefiele for approving the printing of N684.5 million at the rate of N18.96 billion.

The EFCC has arraigned former Governor of the CBN, Godwin Emefiele for approving the printing of N684.5 million at the rate of N18.96 billion.

The former CBN governor was arraigned on Wednesday, May 15, before Maryann Anenih, judge of a FCT high court & pleaded not guilty to the four count charge.

In the 4-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 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.

Channel Television reports that on November 17, 2023 Emefiele was arraigned before Justice Hamza Muazu on a 6 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.