Emefiele Pleads Not Guilty To Printing N684.5m With N18.96bn

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Wednesday pleaded not guilty to recent charges against him before the FCT High Court in Abuja.

Emefiele was arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice Maryan Anenih with the allegations of approving the printing of N684.5m at the rate of N18.96bn.

The EFCC accused Emefiele of violating the law by implementing the Naira swap policy of former President Muhammadu Bihari’s administration thereby causing harm to the public.

The former CBN Governor was also accused of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund.