Nigeria’s Economic and Financial Crimes Commission (EFCC), on Wednesday, May 15, arraigned the immediate past Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for allegedly approving the printing of N684.5m at the rate of N18.96bn.
When the four-count charge was read to him, at the FCT High Court, Abuja, the embattled former CBN governor pleaded not guilty and was admitted to N300 million bail.
In the four-count charge filed against him, the EFCC alleged that Emefiele disobeyed the direction of law with intent to cause injury to the public during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.
The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.