ABUJA, August 3, 2023 – The anticipated arraignment of the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, at the Federal Capital Territory (FCT) High Court in Abuja has been postponed due to the indisposition of the first and second defendants. Emefiele, who was suspended from office on June 9, 2023, appeared in court today (Thursday).
While Emefiele was present for the proceedings, the absence of the first and second defendants led to a delay in the proceedings. The first defendant, Sa’adatu Yaro, a female CBN employee, and her company, April1616 Investment Limited, are also charged in the case.
In response to an application for adjournment, Justice Hamza Muazu, the Presiding Judge, rescheduled the arraignment to August 23, 2023.
Emefiele, along with Yaro and April1616 Investment Limited, faces 20 charges related to procurement fraud, conspiracy, and conferring corrupt advantages on associates. The charges against Emefiele involve allegations of conferring corrupt advantages on Yaro, a director at April1616 Investment Ltd. The allegations are in violation of Section 19 of the Corrupt Practices and Other Related Offences Act 2000.
Separately, a ruling is expected from a Federal High Court in Lagos on Thursday regarding the Federal Government’s application to withdraw the “illegal possession of firearm charge” that was filed against Emefiele. This development adds another layer of complexity to the legal proceedings involving the suspended CBN Governor.
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