Erstwhile Governor of Central Bank of Nigeria, Godwin Emefiele, has arrived at the Ikeja State High Court in Lagos ahead of his arraignment over alleged abuse of office and allocation of billions of dollars.
Emefiele, alongside his co-defendant, a certain Henry Isioma Omole, will be arraigned on 26 counts before Justice Rahman Oshodi this morning.
In the charge marked ID/23787c/2024 and dated April 3, 2024, the EFCC alleged that Emefiele misused his power between 2022 and 2023 in Lagos.
The commission alleged that the former CBN governor “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2,136,391,737.33 without bids, which act is prejudicial to the rights of Nigerians.”
Also, it was alleged that Emefiele abused the authority of his office by allocating foreign exchange in the aggregate sum of $291 million without bids, between 2020 and 2021, which act was prejudicial to the rights of Nigerians.
Emefiele was alleged to have, in 2021, in Lagos, “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: special allocation of foreign exchange in the aggregate sum of $1,769,254,793.16, which act is prejudicial to the rights of Nigerians.”
Emefiele’s co-defendant was alleged to have acted as an agent and accepted from Raja Punjab through Monday Osazuwa, the total sum of $110,000, for the ex-CBN as a reward for allocating foreign exchange by the Central Bank in favour of Raja Punjab’s employer.
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