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NEWS

Former CBN Governor, Emefiele, to Face Trial for Alleged Economic Sabotage

Adedoja Adesoji

• November 16, 2023 • 1 min read

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, will today be put on trial by the Federal Government on alleged economic sabotage-related offences. Emefiele’s trial was initially scheduled to commence yesterday. 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 alleged that Emefiele used his position to confer corrupt advantages on Yaro. A notice for the trial indicated that Justice Hamza Muazu will preside over the proceedings.