ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Friday, October 3, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Crime Watch

Embattled Emefiele Cries As Court Adjourns N6.9bn Fraud Proceeding To New Date

The court session, set to address the alleged N6.9 billion procurement fraud charges against Emefiele, took an unexpected twist as the arraignment faced yet another hurdle.

by NewsOnline Nigeria
August 17, 2023
in Crime Watch, Headline
0
Emefiele

Emefiele

Embattled Emefiele cried as the court adjourned his N6.9bn fraud proceeding to a new date.

 

Newsonline Nigeria reports that the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, was visibly crying during his recent appearance at the Federal Capital Territory (FCT) High Court on Thursday in Abuja which led to the adjournment of the case till August 23.

 

The court session, set to address the alleged N6.9 billion procurement fraud charges against Emefiele, took an unexpected twist as the arraignment faced yet another hurdle.

 

ALSO: President Tinubu Declares Digital Adoption Across Government Processes

While Emefiele, standing as the primary defendant, stood before the court on Thursday, the absence of the second defendant, Sa’adatu Yaro, a female CBN employee, cast a shadow over the proceedings. Yaro, who was reported to be indisposed, was nowhere to be found in the courtroom.

 

This unexpected turn of events led to an application for adjournment, subsequently granted by the Presiding Judge, Justice Hamza Muazu. The case, which was originally scheduled to proceed, was postponed to August 23, 2023.

The charges against Emefiele, along with Yaro and her company, April 1616 Investment Limited, comprise a range of allegations including procurement fraud, conspiracy, and the alleged granting of corrupt advantages to associates.

 

The accusations stem from the purchase of a fleet of extravagant vehicles and armored buses worth N6.9 billion between 2018 and 2020. The charges assert that Emefiele, during his tenure as CBN Governor, used his position to provide undue benefits to Yaro and her company.

 

 

Emefiele, who has been in detention since his suspension on June 9, 2023, faced the court’s accusations of conferring corrupt advantages on Yaro, who holds a directorial position at April 1616 Investment Ltd. The charges were brought forth under Section 19 of the Corrupt Practices and Other Related Offences Act 2000.

The legal documents detail instances where Emefiele and Yaro allegedly conspired to award contracts for luxury vehicles to Yaro’s company. Among the cited examples are contracts for the supply of various high-end vehicles, including Toyota Hilux vehicles, armored Mercedes Benz buses, and Toyota Landcruisers.

 

Amid these accusations, Emefiele’s emotional appearance in court drew attention to the gravity of the situation. The delay caused by the absence of the second defendant further added to the air of suspense surrounding the case.

ADVERTISEMENT
Previous Post

President Tinubu Declares Digital Adoption Across Government Processes

Next Post

Lost In Love September 2023 Teasers (Lost in Love Full Summary)

Next Post
Lost In Love September 2023 Teasers

Lost In Love September 2023 Teasers (Lost in Love Full Summary)

Trending Stories

No Content Available

Latest Stories

BBNaija: Rooboy Admits Being Too Emotional Was His Biggest Weakness

AFCON: Iwobi Explains Why Ola Aina Struggled Against Adingra in Final

Impact Investors Foundation Unveils Groundbreaking GESI Roadmap, Targets $8bn Inclusive Capital in 10 Years

UCL: Guardiola Criticizes Referee After Man City Fail to Overcome Monaco

UCL: Mbappe Overtakes Ronaldo’s Record with Stunning Hat-Trick

Thierry Henry Assesses Arsenal’s Champions League Title Hopes for This Season

LOPE Media Boss

Nigeria @ 65: LOPE Media Boss Urges Nigerians to Uphold Unity and Progress

Peter Obi

Peter Obi Blasts APC for Undermining Nigeria’s Potential, Calls for “New Politics of Prosperity”

How ARISE News Anchor Somtochukwu Maduagwu Died

Police Reveal How ARISE News Anchor Somtochukwu Maduagwu Died in Abuja Robbery

Darius Ishaku

EFCC Witness Details How Darius Ishaku Directed Cash Withdrawals, Transfers in N27bn Fraud Trial

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria