Emefiele’s Case Adjourned to January 2024; Remains in Prison

Emefiele's Case Adjourned to January 2024; Remains in Prison

The Federal Capital Territory High Court has adjourned the case of the former Central Bank of Nigeria governor, Godwin Emefiele, until January 18, 2024, in an alleged procurement fraud lawsuit.

Emefiele faces allegations of misusing his position to grant unfair advantages to Sa’adatu Yaro, a CBN staff member, by awarding a contract for 43 vehicles valued at N1.6 billion from 2018 to 2020.

Following his remand at the Kuje Correctional Centre, Emefiele sought bail, which was granted on November 22 by Justice Hamza Muazu, with a bail condition of N300 million.

The case involves a six-count amended charge concerning the alleged procurement of vehicles worth N1.6 billion, to which Emefiele pleaded not guilty.

During the court session, a key Corporate Affairs Commission (CAC) figure testified that Emefiele had no ownership or shares in April1616 Investment Limited. This revelation countered previous claims, as the company had secured a N1.2 billion vehicle supply contract during Emefiele’s tenure at the CBN.

The Prosecution Witness, a senior CAC official, emphasized this disconnect in ownership during the hearing and disclosed the company’s shareholders as Aminu Yaro, Maryam Abdullahi, and Saadatu Yaro.

Emefiele’s lawyer, Mathew Burkaa, refrained from commenting on camera and stated that Emefiele is yet to fulfill his bail conditions.

Counsel representing the Economic and Financial Crimes Commission (EFCC) and the Federal Government declined to comment on the day’s proceedings.

Amidst armed personnel from the Nigerian Correctional Service, the former CBN chief was brought to court and later taken away.


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