The Economic and Financial Crimes Commission (EFCC) has charged Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), with public procurement fraud.
An anti-graft agency has charged the former head of Apex Bank with procurement fraud in connection with a $1.2 billion contract for 43 vehicles.
Emefiele was accused of using his position to give Yaro a corruption advantage through the award of a contract for 43 vehicles worth N1.2 billion between 2018 and 2020.
Emefiele, who appeared in the courtroom at about 10:00 a.m., was subsequently arraigned on Friday before the High Court of the Federal Capital Territory, Abuja on six counts.
The former CBN governor, who “pleaded not guilty” to the amended charge, was dressed in traditional light blue attire.
He was later remanded to Kuje Prison pending the ruling on his bail application on November 22.
The federal government has reduced the criminal charges against the former CEO of the top bank to six.
Although the amended charge marked CR/577/2023 still borders on procurement fraud, the charges were reduced with Emefiele being the sole defendant.
Below is a list of 43 vehicles allegedly purchased by Emefiele.
1. 37 Toyota Hilux vehicles: N854.7m
2. One Toyota Avalon: N99.9 million
3. One Toyota Landcruiser V8: N73.8m
3. Two Toyota Hilux Shell: N44.2m
4. Two Toyota Landcruiser VXR V8: N138m.