Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been remanded in the custody of the Economic and Financial Crimes Commission (EFCC).
Emefiele was arraigned on Monday by the Federal Government alongside his co-defendant, Mr. Henry Omole, before Justice Rahmon Oshodi of the Lagos High Court (Ikeja division).
The two defendants pleaded not guilty to the 26-count charges bordering on abuse of office and allocation of billions of United States dollars.
In the charge marked ID/23787c/2024 and dated 3rd April 2024, the EFCC alleged that Emefiele abused his office 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”.
