• Tuesday, May 21, 2024
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BusinessDay

Court remands Emefiele in Kuje prison

Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), has been remanded at the Kuje Correctional Centre by the Federal Capital Territory High Court.

He was arraigned before the court on six charge bordering on procurement fraud worth ₦1.2 billion, to which he pleaded not guilty.

He applied for bail from the custody of the Economic and Financial Crimes Commission, and his request was noted. The court has adjourned his hearing to November 22 while ordering his remand with the Nigerian Correctional Service.

Read also: Court grants Emefiele bail

Emefiele’s suspension by President Bola Tinubu led to the State Security Service (SSS), an agency of the federal government, charging him with illegal possession of firearms before the Lagos State High Court.

However, the office of the Attorney General of the Federation (AGF) and Minister of Justice withdrew the charges and approached the FCT High Court Abuja with fresh charges.