The embattled former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been remanded at the Kuje Correctional Centre by the FCT High Court.
Emefiele was arraigned before the court on a six-count charge bordering on procurement fraud to the tune of ₦1.2 billion.
But he pleaded not guilty while applying for bail from the custody of the Economic and Financial Crimes Commission.
The court noted his application and adjourned to November 22 for hearing while ordering his remand with the Nigerian Correctional Service.
Recall that after the suspension of Emefiele by President Bola Tinubu, the State Security Service (SSS), an agency of the federal government, charged him before the Lagos State High Court with illegal possession of firearms.
Subsequently, the office of the Attorney General of the Federation (AGF) and Minister of Justice withdrew the charges and approached the FCT High Court Abuja with fresh charges.
In August, the FG subsequently instituted a fresh 20 counts of procurement fraud charges against Emefiele and a CBN staff member, Sa’adatu Yaro, bordering on alleged N6.9 billion fraud.
But their arraignment has been stalled since August 17 over the illness of a CBN female staff.
They were said to have diverted public funds for personal use including the alleged purchase of exotic cars.
But in fresh suit no: CR/577/2023, the federal government amended the (now N1.2b) fraud charges (dated November 8) to six counts with Emefiele as the sole defendant.
Emefiele was granted bail on the court’s previous sitting on November 8.