BREAKING: Court remands Emefiele to EFCC custody over alleged abuse of office

Godwin Emefiele, the embattled former governor of the Central Bank of Nigeria, has been remanded to the Economic and Financial Crimes Commission on Monday by the Ikeja Special Offenses Court.

This was after Emefiele entered a plea regarding allegations of abuse of power and the distribution of $4.5 billion, and N2.8 billion.

Emefiele, who was earlier arraigned alongside his co-defendant, one Henry Isioma Omole, on fresh 26 counts before Justice Rahman Oshodi pleaded not guilty to the charges against him.

The charge was marked ID/23787c/2024 and dated April 3, 2024.

The defendant’s lawyer, A. Labo-Lawal, however, pleaded with the court to grant Emefiele bail in self-recognisance and allow him to continue with the bail earlier granted him by the Abuja court.

He also urged the court to grant the second defendant bail earlier granted him by Justice O – Sule-Hamzat.

The prosecution counsel, Rotimi Oyedepo (SAN), did not oppose the bail applications.

But Justice Oshodi, after listening to the submissions of both counsel, remanded Emefiele to EFCC custody and the second defendant to the Ikoyi Correctional Centre and adjourned the case till April 11, for ruling on the bail and commencement of trial.