The Federal Government will arraign the suspended Central Bank Governor, Godwin Emefiele before the Federal High Court in Abuja on Thursday, over a fresh 20-count charge bothering on procurement fraud allegations.
Emefiele will be arraigned alongside a female CBN employee, Sa’adatu Yaro and her company, April 1616 Investment Limited, over N6.9 billion procurement fraud, conspiracy and conferring corrupt advantages on his associates.
The fresh charge is coming 24 hours after the federal government announced its withdrawal of the “illegal possession of firearms” charge against him before the Federal High Court in Lagos on Tuesday.
Emefiele is accused of conferring corrupt advantages on Yaro, a director in April 1616 Investment Ltd, an offense contrary to section 19 of the Corrupt Practices and Other Related Offences Act 2000, which holds a penalty of five years imprisonment, without fine option, Premium Times reports.
The three accused persons were alleged to have bought 98 exotic vehicles and armoured buses valued at N6.9bn including 84 Toyota Hilux, three Toyota Landcruisers, one Toyota Avalon car and 10 armoured Mercedes Benz buses between 2018 and 2020.
Crux News reports that CBN has been in detention since his suspension by President Bola Tinubu on June 9.
He was arraigned for alleged possession of illegal firearms before the Federal High Court in Lagos.
