BREAKING: Again, Emefiele gets N300 million bail, denies unlawful naira printing as CBN governor
The suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been granted another N300 million bail in the Nigerian government’s charge bordering on unlawful printing of naira notes.
He also pleaded not guilty to the charge before the Federal Capital Territory (FCT) High Court, Maitama, Abuja, on Wednesday.
The Economic and Financial Crimes Commission (EFCC) arraigned Emefiele before Justice Maryanne Anenih of the court in a suit marked CR/264/2024.
In the charge sheet filed by the EFCC before Justice Anenih, the former apex bank chief was accused of knowingly violating the provisions of Section 19 of the CBN Act 2007 by approving the printing of N375.520 million pieces of colour-swapped N1,000 notes at the total cost of N11.052 billion without the recommendation of the Board of the CBN and the strict approval of the President of the Federal Republic of Nigeria.
When the charges were read to him by the court’s registrar, Emefiele pleaded not guilty to all of them, denying all the allegations contained in the charge.
