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FG Reduces Charges Against Ex-CBN Gov, Emefiele

Published

1 year ago

Nov 16, 2023.

EKO HOT BLOG reports that President Bola Tinubu-led government has reduced to six counts the fraud charges it filed against the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

This online media platform understands that the charges, bordering on alleged procurement, were originally 20.

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The Federal Government in the charges alleged that the procurement fraud was to the tune of N6.5bn.

The original charges were firs

t filed in August.

Emefiele was charged alongside a female CBN employee, Sa’adatu Yaro, and her company, April 1616 Investment.

Their arraignment before the High Court of the Federal Capital Territory, Abuja was stalled on two occasions, as the Department of State Services failed to produce Emefiele in court.

Following his release by the DSS and immediate re-arrest by the Economic and Financial Crimes Commission on October 27, the Federal Government amended the charges against him.

According to Punch, the amended charge sheet marked CR/577/2023, showed that the charges still border on procurement fraud, but the counts have been reduced from 20 to six.

Also, the quantum of the alleged procurement fraud was reduced from N6.9bn to N1.2bn.

Also, Emefiele is the only defendant in the new charge.

The defendants were scheduled to be arraigned on Wednesday, the matter could, however, not proceed due to the ongoing strike by the Nigeria Labour Congress strike.

In the amended charge sheet, the Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2bn.

The former CBN governor was accused of giving a corrupt advantage to Yaro by awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854m.

Count one read, “That you, Godwin Ifeanyi Emefiele, male, adult, sometime in 2018 within the jurisdiction of this Honourable Court did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 37 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 thereby committed an offence.”

In the second count, Emefiele was accused of using his position to corruptly confer an advantage on Yaro, “a staff of the Central Bank of Nigeria by awarding a contract for the supply of one 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 Director and thereby committed an offence.”

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 one Toyota Landcruiser V8 April 1616 Investment Ltd., in 2019 at the cost of N73m.

The fourth count was about a Toyota Landcruiser V8 valued at N73,800,000 awarded illegally to April 1616 Investment Ltd.