The Economic and Financial Crimes Commission (EFCC) in Wednesday brought formal charges against former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for his alleged involvement in financial impropriety.
Emefiele was arraigned before Justice Maryann Anenih at the FCT High Court in Abuja, where he pleaded not guilty to four charges.
The charges against Emefiele stem from his authorization of the production of N684.5 million, costing N18.96 billion, during his tenure at the CBN.
The EFCC alleged that Emefiele knowingly disregarded legal instructions, causing harm to the public while implementing the naira swap policy under the administration of former President Muhammadu Buhari.
Additionally, the anti-corruption agency accuses Emefiele of improperly authorizing the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.
Emefiele’s plea of not guilty sets the stage for legal proceedings to address the charges against him.
(vitalnewsngr.com)
