Godwin Emefiele, the suspended governor of the central bank, will be arraigned by the federal government on Thursday in Abuja's Federal High Court on a brand-new 20-count charge involving possible procurement fraud.Along with a female CBN employee named Sa'adatu Yaro and her company, April 1616 Investment Limited, Emefiele will be charged with procuring fraudulently N6.9 billion, conspiring against the CBN, and giving his friends corrupt advantages.The fresh charge...

The Federal Government on Tuesday applied to withdraw the “illegal possession of firearms” case it filed against the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.The Director of Public Prosecutions (DPP) at the Federal Ministry of Justice, Mohammed Abubakar, in an oral application, told Justice Nicholas Oweibo of the Federal High Court sitting in Lagos State that the application followed the result of further investigations.But Emefiele’s counse...

A Federal Capital Territory High Court sitting in Abuja has dismissed an application filed by the Department of State Services, DSS, seeking an order to extend the detention of the embattled Central Bank of Nigeria Governor, Godwin Emefiele.According to Channels Television, the request was discreetly filed by the DSS’s legal team on Wednesday based on an alleged new evidence it had obtained.The application was dismissed by Justice Hamza Muazu who cited an abuse of c...