The former Governor of the Central Bank , Godwin Emefiele, has been remanded in Kuje correctional centre until Nov 22 by an Abuja High Court.

Justice Hamza Muazu gave the order and adjourned until Nov. 22 when Emefiele’s bail application will be heard.

Emefiele was arraigned by the Federal Government on a six-count charge bordering on procurement.

Recall that the original charge, which was 20 counts to the tune of N6.5 billion, was reduced to six, to the tune of N1.6 billion.
Also, Emefiele is the only defendant in the new charge.

In the amended charge sheet, the Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion.

The former CBN governor appeared in court on Friday for an application for bail, pleading not guilty to the six-count charge after it was read to him.

Emefiele arrived just in time for the commencement of the day’s proceedings.

According to the amended charge sheet, the charges still border on procurement fraud. The Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion. He was also accused of awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.

He was also accused of conferring corrupt advantage contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000 by awarding a contract for the supply of one Toyota Landcruiser V8 April1616 Investment Ltd., in 2019 at the cost of N73 million

The fourth count was about a Toyota Landcruiser V8 valued N73,800,000 awarded illegally to April 1616 Investment Ltd.

The Federal Government further accused the former CBN governor of also awarding a contract to Yaro for the supply of two Toyota Hilux Shell Specification Vehicles at the cost of N44,200,000 in 2020.

Justice Hamza Muazu of the Federal Capital Territory High Court adjourned the case till November 22 for ruling on the bail application of Emefiele and November 28 for the commencement of trial.

In the interim, he ordered that Emefiele be remanded at the Kuje Correctional Centre.