BREAKING: EFCC Aligns Emefiele On Fresh Charges Over Illegal Printing Of N684.5m Notes With N18.9bn

EFCC aligns Emefiele: The EFCC has filed new charges against Godwin Emefiele for allegedly approving the printing of N684.59 million worth of currency at an inflated rate.

Emefiele is accused of disobeying directives, illegal money printing, and abuse of office, following previous charges of procurement fraud.

The charges highlight the EFCC’s determination to hold accountable those involved in financial malfeasance.

The Economic and Financial Crimes Commission (EFCC) has filed a new charge against the former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. In this charge, the EFCC accuses Emefiele of approving the printing of N684.59 million worth of currency at an inflated rate of N18.96 billion.

VerseNews reports that the agency alleges that this action was in violation of the law and was detrimental to the public interest, as it was part of the implementation of the naira swap policy during the administration of former President Buhari.

According to the charge sheets reviewed by this Online News Platform, the EFCC’s top prosecutor, Rotimi Oyedepo, SAN, filed the charges, which include counts of disobeying directives, illegal money printing, and abuse of office, among others. The document, dated April 2, 2024, and marked Suit No: CR/264/2024, details the allegations against Emefiele.

The charges specifically accuse Emefiele of knowingly disobeying the directives of the CBN Act, 2007, by approving the printing of various denominations of currency without the necessary approvals. These actions, the EFCC contends, caused significant harm to the public and constitute criminal offenses.

This development comes after Emefiele was previously arraigned on November 18, 2023, for procurement fraud and abusing his office. The EFCC’s continued pursuit of charges against Emefiele underscores the gravity of the allegations and the determination of the agency to hold accountable those responsible for financial malfeasance.