Godwin Emefiele The Economic and Financial Crimes Commission will Monday, April 8, 2024, arraign the embattled former Central Bank of Nigeria Governor, Godwin Emefiele at the Ikeja State High Court in Lagos for alleged abuse of office over allocation of billions of United States dollars. Emefiele, alongside his co-defendant, one Henry Isioma Omole, will be arraigned on 26-count before Justice Rahman Oshodi. The charge, marked ID/23787c/2024, dated April 3, 2024. was filed by Mr. Rotimi Oyedepo (SAN). EFCC alleged that Emefiele committed an abuse of office between 2022 and 2023 in Lagos. The Commission alleged that Emefiele “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2,136,391,737.33 without bids, which act is prejudicial to the rights of Nigerians.” EFCC further alleged that Emefiele, between 2020 and 2021, in Lagos, “directed to be done in abuse o...

 The central bank of Nigeria has released a circular this morning debunking the claim that it had permitted the recollection of old ₦500 and ₦1000 by commercial banks in the country. While still retaining her original plan as announced by the President (Muhammadu Buhari), only the old ₦200 note is allowed in circulation till the 10th of April, the old notes of ₦1000 and ₦500 naira respectively seize to be a legal tender and should not be collected by both individuals and banks alike.