EX-CBN GOV, Emefiele Arraigned By FG On Six Counts Of Alleged N1.6BLN Procurement Fraud

 

EX-CBN GOV, Emefiele Arraigned By FG On Six Counts Of Alleged N1.6BLN Procurement Fraud
EX-CBN GOV, Emefiele Arraigned By FG On Six Counts Of Alleged N1.6BLN Procurement Fraud

 

 

The Federal Government has arraigned the immediate past Governor of the Central Bank of Nigeria, Godwin Emefiele, on a six-count charge bordering on alleged procurement.

The original charge, which was 20 counts to the tune of 6.5 billion naira, has been reduced to six, to the tune of 1.6 billion naira.

According to the amended charge sheet, the charges still border on procurement fraud. In the amended charge sheet, the Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion.

He was accused of awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at 854 million naira. He was also accused of conferring corrupt advantage contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000, by awarding a contract for the supply of a jeep in 2019 at the cost of 73 million.

Meanwhile Justice Hamza Muazu of the Federal Capital Territory High Court has adjourned the case till November 22 for ruling on the bail application of Emefiele and November 28 for the commencement of trial.

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