Federal government to arraigns suspended CBN governor Emefiele and allies over N6.9bn procurement fraud
The federal government will on thursday arraign the suspended central bank of nigeria governor, godwinemefiele and his associates for n6.9 billion procurement fraud at the federal capital territory high court, maitama, abuja. The case is for arraignment and mention.
Emefiele will be arraigned alongside a female cbn employee, sa’adatuyaro and her company, april1616 investment limited on 20 charges of procurement fraud, conspiracy and conferring corrupt advantages on his associates. Emefiele, who had been in detention since he was suspended from office on june 9 by president bola tinubu, 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. If convicted, emefiele may be sentenced to five years imprisonment without an option of a fine.
