Emefiele Fraud: Court Adjourned Alleged Procurement Case Till June 24

April 25, 2024
Court Dismisses Emefiele's Bid To Stop $4.5bn, N2.8bn Fraud Case

The Federal Capital Territory high court postponed the trial of Godwin Emefiele, the former governor of the Central Bank of Nigeria, until June 24. Even though neither the prosecution nor the defendant were present, the prosecution requested the adjournment.

I.D. Ahmed, Emefiele’s attorney, apologised to the court for his client’s absence and informed them that the prosecution had sent an adjournment request. ” Because you have a letter of adjournment from the prosecution does not mean the defendant should not be in court,” Justice Hamza Muazu said, emphasizing the significance of the defendant’s attendance in court.

Join our WhatsApp Channel

The trial judge then moved forward with scheduling hearings for June 24 and June 25 as new dates for continuation.

During his time as the governor of the Central Bank of Nigeria, Emefiele was charged with crimes by the Economic and Financial Crimes Commission (EFCC), including criminal breach of trust, forgery, conspiracy to obtain by false pretence, and getting money by false pretence.

The EFCC alleges, among other things, that Emefiele falsified a paper allegedly from the Secretary’s office to the Government of the Federation, asking for a $6,230,000 contingent logistic advance in compliance with a presidential direction on missions involving foreign election observers.

READ ALSO: EFCC Files New Charges: How Emefiele Printed N684.5m With N18.9bn

It is also said that Emefiele used his position to provide his wife and colleague unfair advantages through specific businesses. Emefiele allegedly received $6.2 million on February 8, 2023, under false pretences, according to the prosecution.

Agboro, the prosecution’s seventh witness and an investigator for the Independent Corrupt Practices and Other Related Offences Commission, provided evidence to bolster these allegations during an earlier hearing.

The trial’s postponement highlights the difficulties and delays in the judicial process that are frequently encountered in situations similar to Emefiele’s, adding to the continuous legal drama surrounding the company.
While the prosecution works to provide proof to back up its claims, Emefiele’s legal team stays on top of the judicial system as the case develops.

As the trial moves forward, observers watch for more developments. The next hearing is scheduled for June 24.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

IMG WA
Previous Story

Everton Dents Liverpool’s Premier League Title Hopes

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree
Next Story

Commuters Stranded As Fuel Scarcity Hits Abuja, Anambra, 4 Other States

Featured Stories

Latest from Business

Tinubu Constitutes Taskforce to Revamp Petroleum Industry

President Bola Tinubu has inaugurated a Presidential Petroleum Reform and Value Optimisation Taskforce to plan the next stage of reforms in Nigeria’s petroleum sector. Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder of the Fate Foundation, was appointed chairman of

Investigation Reveals 23 Damaged Components on Arik Air Flight

Nigeria’s air accident investigators said a passenger aircraft operated by Arik Air suffered damage to at least 23 components after an abnormal engine incident during a flight in February. In a preliminary report released on Friday, the Nigerian Safety Investigation Bureau said
Why CBN Retained Bencmark Interest Rate At 27.5%

CBN Directs Banks to Deny Debtors New Loans

Central Bank of Nigeria has directed commercial banks to deny additional credit and certain banking services to large borrowers with non-performing loans, in a move aimed at strengthening credit discipline and reducing financial risks in the banking system. In a letter dated March 12,
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

RT Briscoe Tops NGX Losers’ List, Guinness Among Gainers

The market capitalisation of the Nigerian Exchange (NGX) was N127.36 trillion on Friday, March 13, while the all-share index (ASI) closed at 198,407.3 ASI. Equity investors traded 591.04 million shares in 53,066 deals, valued at N35 billion on Friday.Join our WhatsApp Channel
IMG WA
Previous Story

Everton Dents Liverpool’s Premier League Title Hopes

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree
Next Story

Commuters Stranded As Fuel Scarcity Hits Abuja, Anambra, 4 Other States

Don't Miss

Jake Paul Loses To Tommy Fury In Youtube Boxing

Jake Paul Loses To Tommy Fury In Youtube Boxing

Jake Paul, YouTuber-turned-boxing star just lost to Tommy Fury in
Peter Obi Calls For Peace Ahead President Tinubu's Administration

Obi Criticises Tinubu Over Power Supply, Says No Steady Electricity Means No Second Term

Former Labour Party presidential candidate, Mr. Peter Obi, has criticised