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Fraud

Jun 9, 2025

FRN vs Godwin Emefiele (Former CBN Governor)

Humans

Godwin Emefiele

Money bag

N684,500,000.00
Amount allegedly defrauded

Money bag

Case Summary
The accused, while being the Governor of the Central Bank of Nigeria, was alleged to have unlawfully printed new Naira notes to the tune of N684.5m at the cost of N18.96bn without the President's approval.

Calendar

459
Day(s) since arraignment

Gavel

Case Update
The prosecution informed the court that he had filed a motion relating to a compact disc, which had already been sent to the defence, and the prosecution could only play it after obtaining the court’s leave. The prosecution counsel, therefore, sought an adjournment to allow both parties to review the issues, which was granted by the trial judge. The judge held that “application for adjournment is granted in the interest of justice to allow continuation of the digital and oral evidence of PW7."

Court house

Hon. Justice Maryann E. Anenih
FCT High Court, Maitama, Abuja

Legislation

ACJA/ACJL Compliance - violated

Case Information
Godwin Emefiele
Presiding Judge & Designated Court
Hon. Justice Maryann E. Anenih, FCT High Court, Maitama, Abuja
Nature and Number of Charges
4-count charge bordering on fraud and abuse of office.
Date of 1st Arraignment
Mar 7, 2024
Summary of Case
The accused, while being the Governor of the Central Bank of Nigeria, was alleged to have unlawfully printed new Naira notes to the tune of N684.5m at the cost of N18.96bn without the President's approval.
Defendant(s) and Plea entered on Arraignment
1. Godwin Emefiele (Former CBN Governor) – Not guilty
Defence Counsel(s)
1. Mahmud Magaji (Lawyer)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
No prosecutors recorded
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
459 day(s)
Case Update
The prosecution informed the court that he had filed a motion relating to a compact disc, which had already been sent to the defence, and the prosecution could only play it after obtaining the court’s leave. The prosecution counsel, therefore, sought an adjournment to allow both parties to review the issues, which was granted by the trial judge. The judge held that “application for adjournment is granted in the interest of justice to allow continuation of the digital and oral evidence of PW7."
ACJA/ACJL Compliance
Violated