Court Admits More Evidence in EFCC’s 4.5bn Case Against Emefiele!

Court Admits More Evidence in EFCC’s 4.5bn Case Against Emefiele!

Reported by Marian Opeyemi Fasesan | Sele Media Africa

The Economic and Financial Crimes Commission (EFCC) has confirmed that the Lagos State Special Offences Court in Ikeja has admitted additional documentary evidence in the ongoing trial of former Central Bank Governor Godwin Emefiele over alleged4.5 billion fraud.

Details of the Proceedings

• The EFCC presented new bank statements and internal memos purportedly linked to suspicious offshore transactions made during Emefiele’s tenure.
• The prosecution told the court the documents are critical to establishing a pattern of unauthorized foreign exchange allocations and round-tripping.
• Emefiele’s defence team objected to the admissibility, citing procedural lapses, but the court ruled in favour of the EFCC.

Background

• Emefiele is facing multiple charges, including abuse of office, criminal breach of trust, and money laundering, tied to alleged irregular forex transactions and contract awards.
• The former apex bank chief was first arraigned in 2024 and has consistently denied all allegations.

Why It Matters

• The case is one of the highest-profile anti-corruption trials in Nigeria’s recent history and is seen as a major test of the Tinubu administration’s commitment to accountability.
• The outcome could have far-reaching implications for public confidence in Nigeria’s financial governance.

Citations

1. Premium Times – [https://www.premiumtimesng.com]
2. Channels TV – [https://www.channelstv.com]
3. The Nation Nigeria – [https://thenationonlineng.net]

About The Author

Marian Opeyemi Fasesan

editor

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Editor-in-Chief of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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