Revealed: Why suspended CBN Governor Emefiele may be jailed

  • Godwin Emefiele, the suspended CBN governor, will appear in court again on Thursday over N6.9 billion procurement fraud
  • Emefiele was accused of conferring a corrupt advantage on a CBN employee, Sa’adatu Yaro, the director of April1616 Investment Limited
  • If found guilty, section 19 of the Corrupt Practices and Other Related Offences Act 2000 conferred five years jail term without the option of fine

FCT, Abuja – Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), may be sentenced to five years imprisonment without the option of a fine.

This is as the federal government, through the State Security Service (SSS), will arraign the embattled Emefiele and his associates over N6.9 billion procurement fraud on Thursday, August 17, The Punch reported.