Former Central Bank of Nigeria Governor Godwin Emefiele has pleaded not guilty to new charges of foreign exchange violations brought against him by the Economic and Financial Crime Commission. In the suit filed at a Lagos high court, EFCC alleged that Emefiele arbitrarily allocated foreign exchange of about $2 billion without bids and due process.
[FILE] Former governor of Nigeria’s Central Bank Godwin Emefiele (R) appears at the Federal Capital Territory High Court over allegations of breach of procurement act and financial fraud in Abuja, Nigeria, on August 17, 2023. (Photo by KOLA SULAIMON / AFP)
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