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Home»Current Affairs»Court Adjourns Emefiele’s Alleged N1.6bn Fraud Case To 2024
Current Affairs

Court Adjourns Emefiele’s Alleged N1.6bn Fraud Case To 2024

Alexandra UmehBy Alexandra UmehNovember 28, 20232 Mins Read
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ENUGU, Nigeria (VOICE OF NAIJA) – A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving Godwin Emefiele,the former Governor of the Central Bank of Nigeria, (CBN).

The court adjourned the trial of Emefiele to 18 and 19 January, 2024 for continuation of trial.

The ex-bank chief is standing trial on a six count amended charge on alleged procurement of vehicles to the tune of N1.6bn, which he had pleaded not guilty to.

He was granted bail on 17 November, 2023 to the tune of N300m and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions.

At the resumed hearing, the Prosecution Witness, who is a top official of the Corporate Affairs Commission (CAC) told the court that the former CBN Governor was not the owner or a shareholder of the April1616 Investment Limited, awarded N1.2bn vehicle supply contract by CBN under Emefiele.

READ ALSO: EFCC Obeys Court Ruling, Presents Emefiele For Hearing

He was led in evidence by EFCC lawyer, Rotimi Oyedepo, while tendering several documents on how the company was incorporated on 1 August, 2016.

He further read out the names of the shareholders of the Company which comprises of Aminu Yaro, Maryam Abdullahi and Saadatu Yaro as joint owners of the entity.

Emefiele’s lawyer, Mathew Burkaa, who refused to speak on camera, said Emefiele is yet to meet his bail conditions.

Counsel for the Economic and Financial Crimes Commission (EFCC) and the Federal Government declined to speak on the day’s proceedings.

Economic and Financial Crimes Commission (EFCC) Ex-CBN Governor Godwin Emefiele
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Alexandra Umeh

Alexandra Umeh is based in the eastern region of Nigeria. She covers politics, news writing, feature stories, among others. She has multitasking skills and can easily adapt to any working condition. She enjoys reading and writing.

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