BREAKING : Former CBN Governor, Emefiele, To Face Trial For Alleged Economic Sabotage

The former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, will be put on trial today, Thursday 16th of November, by the Federal Government on alleged economic sabotage-related offences.

Emefiele’s trial was initially scheduled to commence yesterday but stalled over NLC/TUC strike action. He will be arraigned at a High Court in the Federal Capital Territory, Abuja.

Emefiele is accused of conspiracy and procurement fraud involving the award of contracts worth N6.9 billion to a company owned by his alleged accomplice, Ramalan Yaro. The charges also allege that Emefiele used his position to confer corrupt advantages on Yaro.

A notice for the trial indicates that Justice Hamza Muazu will preside over the proceedings.