Monday, May 11, 2026

N4.5 Billion Fraud: Court to hear Emefiele’s application challenging jurisdiction Thursday

Mr Emefiele is standing trial for alleged abuse of office and $4.5 billion and N2.8 billion fraud.

• December 10, 2024
Emefiele with Bible in court
Emefiele with Bible in court[Credit: Businessday NG]

The Ikeja Special Offences Court has adjourned until December 12 to hear the application filed by the embattled ex-governor of the Central Bank of Nigeria, Godwin Emefiele, challenging the lower court’s jurisdiction.

Mr Emefiele had approached the Court of Appeal, challenging the lower court’s jurisdiction to hear alleged abuse of office filed against him by the Economic and Financial Crimes Commission.

Mr Emefiele is standing trial for alleged abuse of office and $4.5 billion and N2.8 billion fraud.

His co-defendant, Henry Omoile, is facing a three-count charge bordering on unlawful acceptance of gifts by agents.

When the case was called on Tuesday for the continuation of cross-examination of the seventh prosecution witness, the EFCC counsel, Rotimi Oyedepo, informed the court that the appellate court had on November 29 delivered a ruling regarding Mr Emefiele’s application.

According to him, the appellate court has directed the lower court to hear and determine the application before continuing with the trial.

Mr Emefiele’s counsel, Olalekan Ojo, told the court that they received the ruling electronically and intended to file a notification to the court.

Mr Ojo, however, said he was surprised that the prosecution was tendering a certified true copy of the ruling from the bar. He urged the court to set down the application hearing until the next adjourned date to enable the defence to move its application.

Mr Oyedepo, however, countered the defendant’s submission and argued that all parties should comply with the appellate court’s directives.

Justice Rahman Oshodi, however, adjourned the case until December 12 for a hearing of the application.

Mr Emefiele’s counsel had argued that the charge against the former CBN governor raised constitutional and legal issues. He argued that counts one to four of the 26-count charges were unconstitutional as they were not contained in any law in Nigeria.

He, after that, urged the court to strike out counts one to four on the ground that the court had no jurisdiction to try the offence of abuse of office in relation to the office of the CBN governor.

According to him, his client’s acts were said to constitute arbitrary acts resulting in abuse of office, and they were not offences known to the law as mandatorily required by Section 36(12) of the 1999 Constitution, as amended.

At the last proceeding, the EFCC’s witness, a former personal assistant to Emefiele, had narrated to the court how he allegedly collected the sum of $400,000 on behalf of the ex-governor.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

and Former Governor Rabiu Musa Kwankwaso

NationWide

My daughter told me to work with Obi in 2023, says Kwankwaso

According to him, young Nigerians are searching for the right leadership for the country.

Ooni of Ife, Oba Adeyeye Enitan Ogunwusi

Education

Ooni urges students to embrace education loan scheme

He disclosed that over 125,000 undergraduate students in Osun are on the NELFUND portal.

Caleb Mutfwang

Heading 5

Gov. Mutfwang visits attacked Plateau communities, vows end to killings

The visit followed recent attacks on Nding and neighbouring communities.