Weather Report
13.56℃
Monday, May 6
The charges read: Count One: “That you, Godwin Ifeanyi Emefiele, between October 19, 2022, and March 5, 2023, in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of N375,520,000.00 pieces of color-swapped N1,000 notes, at a total cost of N11,052,068,062, without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria, which conduct of yours caused injury to the public, and you thereby committed an offense.” Count Two: “That you, Godwin Ifeanyi Emefiele, between October 19, 2022, and March 5, 2023, in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of color-swapped N500 (Five Hundred Naira) notes, at a total cost of N4,471,066,040, without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria, which conduct of yours caused injury to the public, and you thereby committed an offense.” Count Three: “That you, Godwin Ifeanyi Emefiele, between October 19, 2022, and March 5, 2023, in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of color-swapped N200 (Two Hundred Naira) notes, at a total cost of N3,441,005,280, without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria, which conduct of yours caused injury to the public, and you thereby committed an offense.” Count Four: “That you, Godwin Ifeanyi Emefiele, on or about October 7, 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended), by approving the withdrawal of the total sum of N124,860,227,865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public, and you thereby committed an offense.” Recall that Emefiele was previously arraigned on November 18, 2023, on six counts of procurement fraud, and accused of abusing his office by approving a contract for the acquisition of 43 vehicles totaling N1.2 billion from 2018 to 2020.
Emefiele will be arraigned on a new four-count charge before Justice Maryann Anenih According to the charge sheets sighted byNaija Newson Tuesday, Emefiele is accused of breaking the law with intent to harm the public during his implementation of the naira swap policy under former President Muhammadu Buhari’s administration..
Read Full Story
