The Economic and Financial Crimes Commission (EFCC) will arraign the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, at the Ikeja State High Court in Lagos on Monday, April 5, 2024.

The embattled former CBN governor will be arraigned for alleged abuse of office and fresh multibillion naira fraud.

Emefiele, alongside his co-defendant, one Henry Isioma Omole, will be arraigned on 26-count before Justice Rahman Oshodi.

Report have it that the charge, marked ID/23787c/2024, dated April 3, 2024, was filed by Rotimi Oyedepo (SAN).

EFCC alleged that Emefiele committed an abuse of office between 2022 and 2023 in Lagos.

The EFCC alleged that Emefiele “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2,136,391,737.33 without bids, which act is prejudicial to the rights of Nigerians.”

EFCC further alleged that between 2020 and 2021, Emefiele “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary, act to wit: allocating foreign exchange in the aggregate sum of $291,945,785.59, without bids, which act is prejudicial to the rights of Nigerians.

Emefiele was alleged to have, in 2021, in Lagos, “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: special allocation of foreign exchange in the aggregate sum of $1,769,254,793.16, which act is prejudicial to the rights of Nigerians.”

In count four, the sum involved was $370,872,893.01.

Emefiele’s co-defendant Omoile was alleged to have November 17, 2020, in Lagos, whilst acting as an agent accepted from Raja Punjab through Monday Osazuwa, the total sum of $110,000, for Godwin Ifeanyi Emefiele, gifts as a reward for allocating foreign exchange by the Central Bank in favor of Raja Punjab’s employer.”