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BREAKING: Emefiele pleads not guilty to printing N684m notes with N18.96bn

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The Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned Godwin Emefiele, embattled former Governor of the Central Bank of Nigeria (CBN), for approving the printing of N684.5m at the rate of N18.96bn.

He pleaded not guilty to the four-count charge when he was arraigned on these counts before Justice Maryann Anenih of the FCT High Court, Abuja.

In the four-count charge filed against him, the anti-graft agency alleged that the former CBN governor disobeyed the direction of law with intent to cause injury to the public during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.

The EFCC agency also alleged Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

Wednesday’s arraignment brought to three the number of charges pending against Mr Emefiele.

Details later…

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