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Court Grants Emefiele ₦2 Billion Bail As EFCC Arraigns Ex-CBN Boss

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned the former Governor of the Central Bank of Nigeria, Godwin Emefiele, before the Federal Capital Territory (FCT) High Court in Maitama, over alleged illegal possession of 573 duplexes and apartments and billions of naira stashed in proxy bank accounts.


Papers News reports that Emefiele was arraigned before Justice Yusuf Halilu on an eight-count charge bordering on criminal breach of trust, forgery, and possession of assets suspected to be proceeds of crime.


The EFCC alleged that Emefiele, alongside one Eric Ocheme (now at large), held control over properties located at Plot 109, Cadastral Zone C09, Lokogoma District, Abuja, which were reasonably suspected to be unlawfully acquired.

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