Emefiele weeps as arraignment for N6.9b fraud stalls

The suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele wept in Court on Thursday after the High court of the Federal Capital Territory adjourned his arraignment to August 23, 2023.

NEWS FLASH reports that the case was stalled due to the absence of another defendant, Sa’adatu Yaro, in a corruption and conspiracy case brought against them by the Federal government. 

Emefiele was seen weeping after the adjournment, while being consoled by some of his lawyers.

Emefiele, Yaro and a firm, known as April 1616 Investment Ltd, were accused of engaging in conspiracy and procurement fraud, among others.

He is also accused of conferring corrupt advantages on his associates, including Yaro, said to be a Director in April 1616 to the tune of N6.9 billion.

The accused were taken before the vacation judge, Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court. 

Emefiele was brought to court by officials of the Department of State Services (DSS).

Immediately after the proceedings, Emefiele was returned to operatives of the Department of the State Service (DSS) who brought him to court under heavy security.


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