FG reduces charges against former CBN governor, Godwin Emefiele, from 20 to 6 counts

The Federal Government has reduced the charges against former Central Bank of Nigeria (CBN) Governor Godwin Emefiele from 20 to six.

The accusations, which center on suspected procurement fraud, have been reduced from N6.5 billion to N1.2 billion.
The amended allegations accuse Emefiele of allegedly benefiting a CBN employee, Sa’adatu Ramallan Yaro, and her company, April1616 Investment Ltd.

The allegations outline incidents in which contracts for the delivery of various vehicles were reportedly awarded to April1616 Investment Ltd., a company in which Yaro is a director.
Emefiele is the only defendant named in the updated charge sheet, CR/577/2023, obtained by The Punch on Wednesday.

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The case, which was initially filed in August, has suffered multiple obstacles, including Emefiele’s absence from court proceedings due to the Department of State Services’ failure to produce him.
To make matters worse, the strike by the Nigeria Labour Congress and Trade Union Congress halted the arraignment process.