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Court Remands Ex-CBN Governor Emefiele in EFCC Custody

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The Ikeja Special Offences Court has remanded Godwin Emefiele, the former Governor of the Central Bank of Nigeria, to the custody of the Economic and Financial Crimes Commission (EFCC).

This action follows Emefiele’s plea regarding alleged abuse of office and the handling of substantial amounts totaling $4.5 billion and N2.8 billion.

Emefiele, along with his co-defendant Henry Isioma Omole, faced fresh charges consisting of 26 counts before Justice Rahman Oshodi. He pleaded not guilty to the charges, which were officially marked ID/23787c/2024 and dated April 3, 2024.

During the court proceedings, Emefiele’s legal representative, A. Labo-Lawal, appealed for bail on his client’s behalf, requesting self-recognizance bail and continuation of the bail previously granted by the Abuja court.

Labo-Lawal also advocated for bail for the second defendant, Omole, earlier granted by Justice O – Sule-Hamzat.

Prosecution counsel Rotimi Oyedepo (SAN) did not contest the bail applications. However, Justice Oshodi ultimately decided to remand Emefiele to EFCC custody and Omole to the Ikoyi Correctional Centre.

The case has been adjourned until April 11 for the ruling on bail and the commencement of trial.

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