The immediate past Governor of the Central Bank of Nigeria, Godwin Emefiele, is currently in court to seek variation of his bail conditions.The former CBN governor is standing trial on six counts bordering on procurement fraud to the tune of N1.2bn.This was the first time he would be making an appearance in court without stern-looking armed security personnel guiding him to the courtroom.Emefiele was released from Kuje Custodial Centre on December 23, 2023, 34 days...

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...