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    Home»Politics»Alleged N6.9bn Fraud: Emefiele’s Arraignment Stalled Again
    Politics

    Alleged N6.9bn Fraud: Emefiele’s Arraignment Stalled Again

    crimefightersBy crimefightersAugust 23, 2023Updated:August 23, 2023No Comments
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    Alleged N6.9bn Fraud Emefiele’s Arraignment Stalled Again
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    The arraignment of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over an alleged procurement fraud to the tune of N6.9 billion, has again been stalled.

    Following the absence of the second defendant, Sa’adatu Yaro, in Court on August 17, the presiding judge, Justice Hamza Muazu, adjourned the case till August 23 for the arraignment of the defendants.

    However, Emefiele was not listed on the cause list of the Federal Capital Territory (FCT) High Court, Abuja, on Tuesday.

    The defendants are facing a 20-count charge of procurement fraud, conspiracy and conferring corrupt advantages on his associates.

    Count one read, “That you, Godwin Ifeanyi Emefiele, male, adult, sometime in 2018 within the jurisdiction of this honorable court did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff member of the Central Bank of Nigeria by awarding a contract for the supply of 37 (Nos.) Toyota Hilux Vehicles at the cost of N854,700,000 only to April 1616 Investment Ltd, a company in which she is a director, and thereby committed an offense.

    “Statement of the offense: Conferring corrupt advantage contrary to section 19 of the Corrupt Practices and Other Related Offences Act 2000.’’

    The Federal Government further accused Emefiele of conspiracy to confer corrupt advantage on the second defendant contrary to sections 26 (c) and 19 of the Corrupt Practices and Other Related Offences Act 2000 and punishable under Section 19 of the same Act.

    “That you, Godwin Ifeanyi Emefiele, male, adult, Sa’adatu Ramallan Yaro, female, adult, and April 1616 Investment Ltd, sometime in 2019 within the jurisdiction of this Honourable Court did conspire amongst yourselves to use the office of Mr. Godwin Ifeanyi Emefiele as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 1 (No.) Toyota Landcruiser V8 at the cost of N73,800,000 only to April 1616 Investment Ltd.”

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