Emefiele Arraigned Over 753 Abuja Duplexes, Granted N2bn Bail.
Former Central Bank of Nigeria (CBN) Governor Godwin Emefiele was arraigned on Monday before a Federal High Court in Abuja over allegations of acquiring 753 duplexes in the Federal Capital Territory (FCT). The Economic and Financial Crimes Commission (EFCC) charged Emefiele with abuse of office and money laundering, alleging the properties, valued at billions of naira, were acquired through illicit means during his tenure.
Justice Maryann Anenih granted Emefiele bail of N2 billion with two sureties in like sum, ordering him to deposit his international passport with the court. The trial was adjourned to 15 July for further hearing, with the EFCC expected to present evidence linking Emefiele to the alleged offences. The case has drawn significant public interest, given Emefiele’s high-profile role and the scale of the allegations.
The arraignment is part of broader investigations into Emefiele’s activities at the CBN, where he served from 2014 to 2023. Previous charges, including fraud related to naira redesign and forex allocation, have kept him in the spotlight, with critics accusing him of mismanaging Nigeria’s monetary policy. The EFCC’s latest probe into the Abuja duplexes has fueled debates about systemic corruption in public office, with Emefiele maintaining his innocence.
Public reactions on X reflects polarized views, with some hailing the EFCC’s actions as a step toward accountability, while others view the case as politically motivated. Legal analysts note that the prosecution faces a high burden of proof, given the complexity of tracing illicit funds to physical assets. Emefiele’s defense team, yet to issue a detailed public response, is expected to challenge the evidence robustly.
The case underscores Nigeria’s anti-corruption drive under President Tinubu, though skeptics warn that high-profile prosecutions risk being perceived as selective without broader reforms. As the trial unfolds, it will test the judiciary’s ability to deliver a fair verdict amid intense public and political pressure.