Ex CBN Gov., Emefiele Loses Bid To Stop $4.5B And N2.8B Fraud Charges

Date: 09-01-2025 9:15 pm (1 month ago) | Author: Olusanya Akinrinola
- at 9-01-2025 09:15 PM (1 month ago)
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The Lagos State Special Offences Court, on Wednesday, dismissed an application filed by former governor of the Central Bank of Nigeria, Godwin Emefiele, challenging the court’s jurisdiction to entertain the $4.5bn and N2.8bn fraud charges brought against him by the Economic and Financial Crimes Commission.

Justice Rahman Oshodi, in his ruling, held that the court had the jurisdiction to try Emefiele and his co-defendant, Henry Omoile.

The judge, however, struck out four of the 26 counts filed by the EFCC against the defendants for lack of jurisdiction.

Justice Oshodi explained: “Allocation of foreign exchange without reason is not defined as an offence under any written law. The objection to counts one to four succeeds and is hereby struck out.


Posted: at 9-01-2025 09:15 PM (1 month ago) | Addicted Hero
- gogoman at 9-01-2025 11:02 PM (1 month ago)
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ONE PERSON DEY CHOP 4 BILLION DOLLAR IN DOLLAR OOO Roll Eyes Roll Eyes Roll Eyes but he on't go to proper jail like sentence by JUDGE!! only stupid yahoo boy dey go jail  Roll Eyes Roll Eyes Roll Eyes
Posted: at 9-01-2025 11:02 PM (1 month ago) | Grande Master
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