Nigeria’s Suspended Central Bank Governor Graft Case Stalls

ABUJA (Reuters) – A case of procurement fraud in opposition to Nigeria’s suspended and detained central financial institution governor Godwin Emefiele stalled on Wednesday and no new date was fastened for the listening to.

Emefiele was meant to enter a plea on Wednesday. However he didn’t seem in court docket and his case was not listed on the court docket’s cause-list.

The suspended central financial institution governor faces a 20-count cost of illegal procurement and conferring illegal benefit to a central financial institution worker.

A number of native papers on Wednesday reported that Emefiele was exploring a plea discount to settle the matter out of court docket.

Emefiele was suspended by President Bola Tinubu in June and later detained by state police.

Tinubu, who’s embarking on the boldest reforms in Nigeria in additional than a decade, has launched a probe of the central financial institution beneath Emefiele after criticising its insurance policies at his inauguration in Might, particularly strikes to prop up the naira foreign money.

(Reporting by Camillus Eboh; Writing by Chijioke Ohuocha, Modifying by William Maclean)

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