• Thursday, April 18, 2024
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BusinessDay

Emefiele: EFCC to appeal court’s N100m fine

The Economic and Financial Crimes Commission, EFCC, has expressed dissatisfaction with a judgment of the Federal Capital Territory, FCT, High Court awarding N100 million damages against it in favour of the former governor of the Central Bank of Nigeria, CBN, Godwin Emefiele.

Justice O.A. Adeniyi, on Monday, January 8, 2024 fined the Commission after he ruled that the Commission’s detention of Emefiele in the course of their  investigation investigation was a violation of his right to liberty.

The decision failed to take cognizance of the fact that the former CBN boss was held with a valid order of court. Consequently, the Commission will approach the Court of Appeal to set it aside.

on July 25, 2023 Emiefele was taken before the  Federal High Court in Lagos  were he was arraigned on illegal firearms charges and granted bail.

The DSS re-arrested him in court after a scuffle with staff of the Ikoyi Correctional Centre.

The embattled ex-CBN governor was not release by the DSS  until October 26, 2023, after nearly five months in custody.

He was immediately arrested by the  Economic and Financial Crimes Commission and taken into custody after release by the secret police.

He was held by  EFCC custody until he was  taken to court for arraignment on procurement fraud charges.