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

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Gap Between Official Window, Black Market Rates Now N82

The United States dollar (USD) traded at N1,366.19 kobo per $1 in the Nigerian foreign exchange market (NFEM) on Friday, February 6, similar to the N1,366.05 per USD recorded on Thursday, February 5. This was revealed in data obtained from the Central
Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

NGX Valuation Rises By N1.10trn To N110.23trn

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, surged to N110.23 trillion on Friday, February 6, from the N109.12 trillion reached on Thursday, February 5. According to the NGX, the market capitalisation increased by N1.10 trillion
Black Market, Official Window Dollar Rates' Gap Widens To N127 After BDCs Hike USD Price

Dollar Rate Increases To N1,366/$ In Official Market

On Thursday, February 5, N1,366.05 per dollar was the official rate for the United States (US) currency in the Nigerian foreign exchange market (NFEM), rising above the N1,358.28 kobo per $1 reported on Wednesday, February 4. This represents a N7.72 kobo increase

Nigerian Stock Market Cap Hits N109.12trn — up by N1.26trn

The Nigerian Exchange (NGX) said the bourse’s market capitalisation increased from N107.86 trillion, recorded on Wednesday, February 4, to N109.12 trillion on Thursday, February 5, representing an increase of N1.26 trillion. NGX said the all-share index (ASI) expanded by 1,975.18 basis points
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

EFCC and security operatives

EFCC’s Troubles And The Army’s Resurgence

Two major social evils threaten Nigeria’s stability, security, and economic

Qatar Bans Sexual, Drinking Activities During 2022 World Cup

The government in Qatar has imposed a ban prohibiting anyone