Alleged Forex Scam: EFCC to arraign Emefiele on 26-count charge in Lagos Monday

The Economic and Financial Crimes Commission (EFCC), will arraign embattled former Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele, at the Ikeja State High Court, in Lagos, for alleged abuse of office over allocation of billions of United States Dollars, Punch  reports.

 

 

 

 

 

Punch said that Mr. Emefiele, alongside his co-Defendant, one Henry Isioma Omole, will be arraigned on 26-count before Justice Rahman Oshodi, on Monday.

 

 

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The charge, marked ID/23787c/2024, dated April 3, 2024. was filed by Mr. Rotimi Oyedepo (SAN). The EFCC alleged that Emefiele committed an abuse of office between 2022 and 2023 in Lagos, Punch reports.

 

 

 

 

 

The anti-graft Agency alleged that Mr. Emefiele “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2,136,391,737.33 without bids, which act is prejudicial to the rights of Nigerians.

 

 

 

 

 

”EFCC further alleged that Emefiele, between 2020 and 2021, in Lagos, “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary, act to wit: allocating foreign exchange in the aggregate sum of $291,945,785.59, without bids, which act is prejudicial to the rights of Nigerians.

 

 

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Mr. Emefiele was alleged to have, in 2021, in Lagos State, “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: special allocation of foreign exchange in the aggregate sum of $1,769,254,793.16, which act is prejudicial to the rights of Nigerians.

 

 

 

 

 

”In count four, the sum involved was $370,872,893.01.Emefiele’s co-defendant Omoile was alleged to have November 17, 2020, in Lagos, whilst acting as an agent accepted from Raja Punjab through Monday Osazuwa, the total sum of $110,000, for Godwin Ifeanyi Emefiele, gifts as a reward for allocating foreign exchange by the Central Bank in favor of Raja Punjab’s employer.”

 

 

 

 

 

According to the charge, the offences committed contravened Section 73 of the Criminal Law of Lagos State, 2011.

Central Bank of NigeriaEconomic and Financial Crimes CommissionMr. Godwin Emefiele
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