Politics

JUST IN: EFCC arraigns Emefiele for printing N684m notes with N18.96bn

The Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned a former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for approving the printing of N684.5 million at the rate of N18.96 billion.

The former CBN governor was arraigned before Maryann Anenih, judge of a federal capital territory (FCT) high court, and pleaded not guilty to all the counts.

In the four-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 Muhammadu 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.

More to come..

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