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    Home - Emefiele Loses Bid To Stop $4.5bn, N2.8bn Abuse Of Office Trial

    Emefiele Loses Bid To Stop $4.5bn, N2.8bn Abuse Of Office Trial

    By Abimbola DanielsJanuary 8, 2025
    Emefiele Court 1

    JUSTICE Rahman Oshodi of the Ikeja Special Offences Court has dismissed an application of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, challenging the jurisdiction of the court on charges of abuse of office to the tune of $4.5 billion and N2.8 billion.

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    Justice Oshodi, in his ruling yesterday, held that the court has jurisdiction to try Emefiele on the charge.

    The court, however, agreed with lawyers to Emefiele, that counts 1 to 4 of the charge are unconstitutional, as they are not based on any existing laws in Nigeria.

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    On April 8, 2024, the EFCC had arraigned Emefiele before the court on the 26-count charge bordering on alleged abuse of office and irregular allocation of $4.5 billion and N2.8 billion respectively.

    The former CBN Governor was specifically mentioned in counts 1 to 4 as well as counts 8 to 26 bordering on alleged abuse of office, contrary to and punishable under Section 73 of the Criminal Law of Lagos 2011; accepting gratification, contrary and punishable under Section 8 of the Corrupt Practices and Other Related Offences Act 2000; corrupt demand, contrary and punishable under Section 10 of the Corrupt Practices and Other Related Offences Act 2000; receiving property fraudulently obtained, contrary to and punishable under Section 328 of the Criminal Law of Lagos 2011; and conferring corrupt advantage, contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000.

    In his ruling, Justice Oshodi noted that while counts 1 to 4 relate to the general offence of abuse of office as defined by criminal law, the specific conduct alleged in those counts specifically, the allocation of foreign exchange without a bid is not defined as an offence in any written law. Consequently, the court struck out these counts.

    Regarding counts 8 to 26, the judge emphasised that by applying established legal principles, the evidence presented was sufficient to affirm the court’s territorial jurisdiction.

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    Justice Oshodi, however, clarified that this finding is limited solely to the jurisdictional objection and does not address the merits of the allegations against Emefiele.

    Justice Rahman Oshodi subsequently ruled that the objection challenging the court’s territorial jurisdiction over counts 8 to 26 fails and is thereby dismissed, noting that the prosecution has established a sufficient territorial nexus to compel Emefiele to answer the charges.

    Nigerian TAX Reform - Federal Goverment

    The court has adjourned to February 24 and 26 for continuation of the trial.

    Rano Capital

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