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N6.9bn Procurement Fraud: Emefiele’s Arraignment Stalled, Court Adjourns To Aug 23

N6.9bn Procurement Fraud: Emefiele’s Arraignment Stalled, Court Adjourns To Aug 23
Written by Areatatafo
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N6.9bn Procurement Fraud: Emefiele's Arraignment Stalled, Court Adjourns To Aug 23

The arraignment of suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, at the Federal Capital Territory (FCT) High Court in Abuja over N6.9 billion alleged procurement fraud has been stalled due to the absence of the first and second defendants are said to be indisposed.

 

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Emefiele was, however, present in court today (Thursday).

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Following an application for adjournment, the Presiding Judge, Justice Hamza Muazu adjourned the to August 23, 2023.

 

Emefiele will be arraigned alongside a female CBN employee, Sa'adatu Yaro and her company, April1616 Investment Limited on 20 charges of procurement fraud, conspiracy and conferring corrupt advantages on his associates.

 

The embattled apex bank chief, who has been in detention since he was suspended from office on June 9, 2023, was accused of conferring corrupt advantages on Yaro, a director in April 1616 Investment Ltd.

 

The offence is contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000.

 

Meanwhile, a Federal High Court sitting in on Tuesday had fixed today (Thursday) for its ruling on an application by the Federal Government seeking to withdraw the “illegal possession of firearm charge” it filed against Emefiele.

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Areatatafo

"Anthony Asiemo is a talented and accomplished individual with a passion for excellence. With a strong background in writing, Anthony has established himself as a respected professional in the blogging industry.

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With a proven track record of success and a genuine passion for his work, Anthony Asiemo continues to make a significant impact in his field. His dedication, expertise, and personable nature make him a valuable asset to any project or team."

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