• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, February 12, 2026
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
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.

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

Sachet Alcohol Ban

FG Suspends NAFDAC Enforcement on Sachet Alcohol Ban

Kwankwaso

US Bill Proposes Visa Ban, Asset Freeze Against Kwankwaso, Others Over Religious Freedom Violations

President Tinubu

BREAKING: President Tinubu Makes Crucial Appointment

NYSC Entrepreneurs

OAU, UNN Graduates Emerge Winners as Unity Bank Rewards NYSC Entrepreneurs in Corpreneurship Challenge

Festus Edovia

ENOUGH IS ENOUGH: Nigeria Must Rise Again By Festus Edovia

NRS Chairman Adedeji

Technology Key to Successful Implementation of Nigeria’s New Tax Laws – NRS Chairman Adedeji

Dangote Refinery

Dangote Refinery Cuts Petrol Ex-Depot Price to N774/Litre as Market Dynamics Shift in 2026

Wike

ADC Urges Tinubu to Curb Wike Over Alleged Plot to Destabilise Party in Rivers

NRS

NRS Sets N40.71trn Revenue Target for 2026 After Beating 2025 Goal with N28.3trn

Nenadi Usman

Nenadi Usman Set to Take Over Labour Party National Secretariat in Abuja

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 © 2026 NewsOnline Nigeria

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

Copyright © 2023 Newsonline Nigeria