Tag: Emefiele

Court Rejects Emefiele’s Jurisdiction Challenge In $4.5bn, N2.8bn Fraud Case

Ganiyu Amodu

An Ikeja Special Offences Court has dismissed the plea application filed by the former Governor of the Central Bank of Nigeria, Godwin Emefiele, challenging its jurisdiction to hear the $4.5 billion and N2.8 billion fraud case brought by the Economic and Financial Crimes Commission. Delivering the ruling on Wednesday, Justice Rahman Oshodi held that the court had jurisdiction over counts eight to 26, citing relevant legal authorities and evidence presented in the case file. However, the court struck out counts one to four, which centred on abuse of office through…

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Court Seizes N830m, $4.7m, Properties Linked To Emefiele

Ganiyu Amodu

The Federal High Court in Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830,875,611, and several properties linked to the former governor of the Central Bank of Nigeria, Godwin Emefiele. Justice Yellim Bogoro of the court made the order on Thursday, following an ex-parte application filed by Economic and Financial Crimes Commission counsel Bilkisu Buhari and C.C Chineye. Justice Bogoro, after taking the lawyers’ submission, held: “I have listened to the submission of the applicant’s counsel and also perused the motion just moved, together with the affidavit…

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Emefiele Demands Apology, N25bn From Akpabio Over ‘Defamatory’ Statement

Ganiyu Amodu

Former governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has demanded the sum of N25 billion as damages from Senate President Godswill Akpabio, over an alleged defamatory remark. Last weekend, Akpabio had said the allegations against Emefiele are so numerous that the federal government does not know which charges to pin on him. The Senate President had blamed the current economic hardship in the country on the policies of the former CBN governor. Counsel to Emefiele, Matthew Burkaa, said if Akpabio fails to pay the aforementioned sum…

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BREAKING: Court Grants Emefiele Bail

Ganiyu Amodu

The Federal Capital Territory High Court has admitted the embattled former Central Bank Governor, Godwin Emefiele, to bail. The court ordered that he should be released to his counsel and must be produced in court when needed. The presiding judge, Justice Adeniyi, also ordered him to deposit all his travel documents with the court’s registrar. He held that there should be an end to a prolonged detention. Details later…

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