EFCC Opens N1.2bn Trial

EFCC Opens N1.2bn Trial

The former Governor of the Central Bank of Nigeria, Godwin Emefiele’s trial is about a big fraud case, and it’s getting a lot of attention. Let’s dive in!

The Trial Begins

So, the trial started in a court called the Federal Capital Territory High Court in Abuja. The Economic and Financial Crimes Commission (EFCC) is in charge of the case, and they called three witnesses to testify.

Emefiele’s Bail

Now, here’s something interesting. Emefiele, the person on trial, was brought to court from a place called the Kuje Correctional Centre. This means that he didn’t pay the money he needed to get out on bail. Last week, the court said he could go free if he paid N300m, but he hasn’t done that yet.

The Charges

The EFCC accused Emefiele of committing a big fraud worth N1.2bn when he was the Governor of the Central Bank of Nigeria. They brought six charges against him, saying that he did some illegal things during his time in office.

The Witnesses

During the trial, the EFCC called three witnesses to testify. Let’s see what they said:

Witness 1: Samsideen Romanus

Samsideen Romanus works for a company called the Corporate Affairs Commission. He told the court that Emefiele was not the owner or a shareholder of a company called April 1616. This company was involved in the fraud case, and Emefiele was accused of helping them illegally. Romanus said that the real owners of the company were Aminu Yaro, Maryam Abdullahi, and Saadatu Yaro.

Witness 2: Remigious Ugwu

Religious Ugwu is a compliance officer at a bank. He told the court that the Central Bank of Nigeria, where Emefiele used to work, paid a lot of money to the April 1616 company. He mentioned different amounts like N39,060,465 and N421,953,488. Ugwu said that Emefiele’s name was not on any of the payments, and he didn’t know why the money was being sent.

Court grants Emefiele bail

Witness 3: Oluwole Owoeye

Oluwole Owoeye used to work for the Central Bank of Nigeria too. He said that his job was to make sure that everything was done correctly according to the law. But when Emefiele’s lawyer asked him some questions, he said that his committee was not involved in checking the contracts that Emefiele is being accused of. So, it seems like Owoeye doesn’t have much information about this specific case.

What’s Next?

The trial will continue on January 18 and 19, 2024. We’ll have to wait and see what happens next. Trials like this can take a long time, but it’s important to make sure that justice is served.

 

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