• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

Former CBN Governor Emefiele pleads not guilty to corruption charges

Quadri Olaitan by Quadri Olaitan
January 20, 2024
in General
0 0
0
Godwin Emefiele 3 1

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, appeared in court on Friday, facing 20 counts of alleged corruption and forgery.

Arriving at the Federal High Court in Abuja, Emefiele pleaded not guilty, marking the beginning of a trial scheduled for February 12th and 13th.

Initially arraigned by the Economic and Financial Crimes Commission (EFCC) on six counts related to N1.2 billion procurement allegations, the charges were later amended to the current 20 counts.

The development follows Thursday’s revelation that the Federal Government has filed an amended 20 counts against the embattled former CBN governor at the High Court of the Federal Capital Territory (FCT), Abuja.

Justice Hamza Muazu of the FCT High Court had granted Emefiele leave on Thursday to travel within the FCT but not outside the country. Additionally, Emefiele had met the conditions of his N300 million bail.

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

The fresh charges filed by the EFCC include forgery, conferring a corrupt advantage, and criminal breach of trust.

The charges assert that Emefiele, in 2019, utilised his position as the Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a CBN staff member, by awarding contracts to April 1616 Investment Ltd, a company where Yaro serves as a Director.

After his suspension, President Tinubu’s government had filed 19 charges against Emefiele related to procurement fraud, which led to his initial arraignment on six counts.

The recent charges specify instances such as contracts for the supply of Toyota Hilux Vehicles, Toyota Avalon, and Toyota Land Cruiser V8.

Upon the reading of the 20 counts on Friday, Emefiele pleaded not guilty, and Justice Muazu granted his lawyer’s plea for bail continuation. Rotimi Oyedepo (SAN), counsel for the EFCC, informed the court of the amended charges on Thursday, citing offences such as conferring a corrupt advantage and forgery.

The particulars of offence are that: “You, Godwin Ifeanyi Emefiele, male, adult, sometime in 2019 did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’aclatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 37 (Nos.) Toyota Hilux Vehicles at the cost of N854,700,000 only to April 1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro is a Director and you thereby committed an offence.”

Count 2 bordered on “Conferring corrupt advantage contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000.”

The offence particulars are “That you, Godwin Ifeanyi Emefiele, sometime in 2019 did use your position as Governor of the CBN to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the CBN by awarding a contract for the supply of 1 (No.) Toyota Avalon at the cost of N99,900,000 only to April 1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro is a Director and thereby committed an offence.”

Count 3 bordered on “Conferring corrupt advantage contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000.”

Particulars of offence stated “That you, Godwin Ifeanyi Emefiele, sometime in 2019 did use your position as Governor of the CBN to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the CBN by awarding a contract for the supply of 1 (No.) Toyota Landcruiser V8 at the cost of Seventy-three billion and eight hundred Thousand Naira (N73,800,000.00) only to April 1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro is a Director and you thereby committed an offence.”

Quadri Olaitan
Quadri Olaitan

Quadri Olaitan is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.

Related Posts

1BLg7RbS
General

‘Cases will rise’ FG issues strong warning over COVID-19

by Freelanews
June 16, 2020
Delta State jpg
General

Land grabbing: Delta council signs bye-law to curb menace

by Quadri Olaitan
October 21, 2023
General

‘Hot and banging…’ Falz releases One Trouser (Video, Lyrics)

by Freelanews
September 4, 2020
Thieves dressed as Coronavirus Doctors try to break into Homes lucipost
General

COVID-19: Over 25,000 deaths recorded in Africa – WHO

by Freelanews
August 19, 2020
Diya
General

Diya to get state burial, says Gov Abiodun

by Quadri Olaitan
March 27, 2023

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

US

US suspends routine visa processing in Abuja, 24 African missions

July 29, 2026
Xenophobia

Xenophobia: Africa must unite, not divide

July 29, 2026
Zamfara

Zamfara: Army rescues Federal Polytechnic Kaura Namoda rector, 21 others

July 29, 2026
Obasanjo

Obasanjo set to unveil 999 Memoir of Charly Boy in tribute to Justice Oputa in Lagos

July 29, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
US

US suspends routine visa processing in Abuja, 24 African missions

July 29, 2026
Xenophobia

Xenophobia: Africa must unite, not divide

July 29, 2026
Zamfara

Zamfara: Army rescues Federal Polytechnic Kaura Namoda rector, 21 others

July 29, 2026
Obasanjo

Obasanjo set to unveil 999 Memoir of Charly Boy in tribute to Justice Oputa in Lagos

July 29, 2026
ADVERTISEMENT
July 2026
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Jun    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Widow

    Widow, 28, locked out by father-in-law eight days after husband’s death

    0 shares
    Share 0 Tweet 0
  • Ogun students block expressway after colleague is killed in robbery attack

    0 shares
    Share 0 Tweet 0
  • Rotary Club of Ikoyi Metro leads inspiring maternal and child health drive

    0 shares
    Share 0 Tweet 0
  • Nigeria unveils 7 herbal medicines for major diseases

    0 shares
    Share 0 Tweet 0

Just Published!

US

US suspends routine visa processing in Abuja, 24 African missions

July 29, 2026
Xenophobia

Xenophobia: Africa must unite, not divide

July 29, 2026
Zamfara

Zamfara: Army rescues Federal Polytechnic Kaura Namoda rector, 21 others

July 29, 2026
Obasanjo

Obasanjo set to unveil 999 Memoir of Charly Boy in tribute to Justice Oputa in Lagos

July 29, 2026
Aristotle

Aristotle’s thoughts still driving PR over 2,000 years

July 29, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.