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.

emmmmmm
+ posts

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.

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

CBN, Policy Shifts and Economy

By Arize Nwobu The Central Bank of Nigeria (CBN) has worked dedicatedly alongside the federal government and implemented policy shifts towards the reconfiguration of the economy to foster stability and sustainable growth, increase overall economic efficiency and improve living standard. CBN policy
Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

Nigerian Stock Market Rebounds With N30.45bn Gain

The all-share index (ASI) increased by 0.23 percent on Friday, January 16, leading to the market capitalisation of the Nigerian Exchange (NGX) rising by N30.45 billion. It was gathered that the ASI expanded by 72.21 basis points, from 166,057.29 index recorded on

Sterling Bank Steps Up Environmental Sustainability Efforts

Nigerian banks are increasingly prioritizing environmental sustainability and climate action, with Sterling Bank leading the charge. The bank, in collaboration with Sterling One Foundation, Sunbeth, and government agencies, organized a nationwide Environmental Cleanup and Beach Adoption exercise, covering 17 states and engaging
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

naira

CBN Hijacked State Power, Confiscated The Naira, Says Stanbic IBTC Owner, Peterside

Owner of Stanbic IBTC, Atedo Peterside at the weekend said

Breaking: Morocco Wins 2025 AFCON Hosting Bid; Nigeria, Algeria Get Zero Votes 

Nigeria and Algeria garnered zero points on Wednesday afternoon as