Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigeria files graft charges against detained CBN Governor

    Nigeria files graft charges against detained CBN Governor

    August 15, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Embattled CBN Governor, Godwin Emefieli being escorted into court

    Abuja — Nigerian prosecutors filed a 20-count indictment against suspended and detained central bank governor Godwin Emefiele on Tuesday, one of them accusing him of “conferring unlawful advantages”, a government lawyer said.

    President Bola Tinubu, who is embarking on the boldest reforms in Africa’s biggest economy in more than a decade, has launched a probe of the central bank under Emefiele after criticising its policies at his inauguration in May, especially moves to prop up the naira currency.

    It was not immediately clear what the new charges were. But court documents deposed by the Attorney General’s Office last month showed that Emefiele faced criminal breach of trust and criminal misappropriation of funds charges, among others, which carry long jail terms.

    Emefiele, who was detained on June 10, a day after Tinubu suspended him, pleaded not guilty to a charge of possessing a firearm. A judge granted him bail following his plea on July 25 but he was immediately rearrested.

    “We have filed a matter with comprehensive charges” and “we are withdrawing the (firearm) case at the Federal High Court in Lagos,” a government lawyer told Reuters.

    Emefiele has challenged his detention and filed an application for bail. He could not immediately be reached for comment.

    Emefiele introduced a multiple exchange rate policy to keep the currency artificially strong, which former President Muhammadu Buhari had viewed as a matter of national pride.

    Buhari appointed Emefiele for a second five-year term in 2019. He was due to retire next year.

    *Camillus Eboh & Elisha Bala-Gbogbo; Editing: Nick Macfie – Reuters

    Related News

    NNPC raises alarm over sabotage campaign targeting leadership, reforms

    WTO hails Nigeria Customs as continental model for trade facilitation

    NEPZA, Federal Committee, Dangote Refinery FZE to crash petroleum products prices

    E-book
    Resilience Exhibition

    Latest News

    NNPC raises alarm over sabotage campaign targeting leadership, reforms

    June 27, 2025

    WTO hails Nigeria Customs as continental model for trade facilitation

    June 27, 2025

    Renaissance Africa Energy unites 500 CEOs to advance Nigeria’s oil & gas growth

    June 27, 2025

    Customs seizes N3.6Bn illegal export in Owerri 

    June 27, 2025

    Seafarers’ Day: Minister launches NIMASA maritime labour e-platform

    June 27, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.