Ex-CBN Governor Emefiele Faces 20 Charges in Procurement Fraud, Forgery Scandal

October 22, 2024
Ex-CBN Governor Emefiele Faces 20 Charges in Procurement Fraud, Forgery Scandal
  • Emefiele faces multiple allegations related to procurement fraud, including conferring unfair advantages on two companies: April 1616 Nigeria Ltd and Architekon Nigeria Ltd.

  • During the trial, prosecution witness Stephen Gana, who served as the former head of procurement at CBN, testified that Emefiele's companies received preferential treatment in vehicle procurement contracts.

  • The Economic and Financial Crimes Commission (EFCC) has brought a 20-count amended charge against former Central Bank of Nigeria governor Godwin Emefiele, alleging serious crimes including criminal breach of trust and forgery.

  • Gana confirmed that the CBN acquired Toyota vehicles worth N99,900,000 from April 1616 Company Ltd through direct procurement, bypassing the selective bidding process.

  • He detailed that two Toyota Hilux vehicles were procured at N23.1 million each through selective bidding, with April 1616 winning the contract by submitting the lowest bid.

  • Specific allegations against Emefiele include forging a Presidential Directive on Foreign Election Observer Missions and unlawfully favoring the aforementioned companies.

  • Gana explained that contracts at the CBN could be awarded through either direct procurement or selective bidding, guided by the procurement department's leadership.

  • The defense counsel challenged the prosecution's amended proof of evidence, leading to the adjournment of the case until November 13, 2024.

  • While the defense did not formally object to the adjournment, they expressed concerns about the high costs associated with moving for the trial.

  • Prosecution counsel Rotimi Oyedepo requested the adjournment to a date other than October 22, citing his attendance at another case in the Supreme Court.

  • Gana is also involved in another case against the EFCC filed by Kogi and 15 other states in the Supreme Court.

  • This case underscores the EFCC's commitment to combatting procurement fraud and corruption in Nigeria.

Summary based on 6 sources


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