Naira Swap: EFCC To Arraign Emefiele On Wednesday

The Economic and Financial Crimes Commission (EFCC) will arraign a former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele on Wednesday for approving the printing of N684.5m at the rate of N18.96bn.

The arraignment was initially scheduled for April 30, 2024, but was rescheduled following the agreement of the court and the parties.

In the four-count charge filed against him, the EFCC alleged that Emefiele disobeyed the direction of law with intent to cause injury to the public during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.

The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

The former CBN governor will be arraigned on these counts before Justice Maryann Anenih of the FCT High Court, Abuja.

This arraignment will bring to three the number of charges pending against the former CBN governor.