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Naira Printing: ‘I’m Not Guilty Of EFCC’s Fresh Charge,’ Emefiele Pleads

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The embattled former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has pleaded not guilty to the allegation that he unlawfully printed Naira Notes while he held sway at the apex bank.

The Economic and Financial Crimes Commission, EFCC, alleged that Emefiele had without authorization from former President Muhammadu Buhari, printed N684million Notes with the total sum of N18.96billion.

Besides, the anti-graft agency accused the former CBN boss of unlawfully approving the withdrawal of about N124.8bn from the consolidated revenue fund.

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According to the EFCC, the defendant, acting in violation of law and “with intent to cause injury to the public,” okayed the printing of naira notes without the approval of both the former President, Muhammadu Buhari and the board of the CBN.

However, when the four-count charge was read to the defendant before trial Justice Maryann Anenih of the High Court of the Federal Capital Territory, FCT, he pleaded his innocence to the allegation.

While the prosecution counsel, Mr. Rotimi Oyedepo, SAN, requested for a date for the commencement of full hearing in the matter, the defendant, through his team of lawyers prayed the court to allow him to go home on bail, pending the determination of the case against him.

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READ ALSO: Ex-CBN Gov, Emefiele Faces Fresh Charge Over Printing Of Naira Emefiele

Specifically, the charge against the former CBN Governor, read: “That you Godwin Ifeanyi Emefiele, between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007;

“…by approving the printing of N375,520,000.00 pieces of colour swapped N1, 000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

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“That you, Godwin Ifeanyi Emefiele, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes;

“…at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

READ ALSO: How I Collected Dollars In Cash For Emefiele, Dispatch Rider Tells Court

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“That you Godwin Ifeanyi Emefiele, between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of colour swapped N200 (Two Hundred Naira) Note;

“…at the total cost of N3, 441, 005, 280 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

“That you, Godwin Ifeanyi Emefiele, on or about the 7th day of October 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended);

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“…by approving the withdrawal of the total sum of N124, 860, 227, 865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public and you thereby committed an offence.”

READ ALSO: EFCC Files 26 Fresh Count Charge Against Emefiele

It will be recalled that President Bola Tinubu had on June 9, 2023, suspended Emefiele from office as the head of the apex bank.

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He was later arrested at his Lagos residence by DSS operatives.

The former CBN boss was subsequently transferred to the custody of the EFCC, which on November 28, 2023, docked him on a six-count charge that bordered on his alleged involvement in procurement fraud.

Though Emefiele, who initially spent 151 days in custody of security agencies, was later granted bail to the tune of N300million and ordered to produce two sureties that the trial court stressed must be Abuja residents that have landed property within the Maitama District, the defendant could not perfect the conditions till December 23, 2023, when he was released from Kuje prison where he spent about 34 days.

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The defendant had since then, faced various charges, both in Abuja and Lagos.

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Otuaro Tasks Media On Objective Reportage

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The Administrator, Presidential Amnesty Programme (PAP) Dr. Dennis Otuaro has charged media practitioners particularly members of the Ijaw Publishers’ Forum to promote ethical journalism through their reportage.

He gave the charge in Warri on Wednesday during the 2nd Annual Ijaw Media Conference organised by the Ijaw Publishers’ Forum (IPF).

Represented by Princewill Binebai, spokesman, Ijaw Youth Council (IYC) Worldwide, Otuaro while stating that the Niger Delta stories have been told in such a way that is quite different from what is obtainable in the real sense, said this, IPF must do everything possible to correct.

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The administrator added: “I am happy that Ijaw journalists have boldly come out together to champion the Ijaw struggle in a very dynamic perspective”.

READ ALSO:IPF Hosts Media Conference, Seeks Protection For N’Delta Environment

“The Ijaw story was misrepresented over the years, but IPF’s emergence had corrected this error and the story is gradually changing for better.”

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Otuaro, however, challenged Ijaw media practitioners to be objective, truthful, accurate and fearless in their reportage to correct many years anomalies of the Ijaw struggle.

He admonished members of IPF to see themselves as brothers and love one another in the discharge of their activities to achieve a common goal.

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Police Confirm Edo Tanker Explosion, say No Casualty

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The Edo State Police Command has confirmed tanker explosions that rocked Auchi, the administrative headquarters of Etsako West Local Government Area of the state.

The Command’s Police Publice Relations Officer, Eno Ikoedem, who confirmed the incident via the phone, said the explosion occurred at about 6:30 p.m. following the fall of a fuel tanker along the road.

Ikoedem said the incident occurred on Wednesday evening at about 6:30 p.m. following the fall of a fuel tanker along the road.

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READ ALSO:Edo SSG Calls On Media To Support Govt Policies, Assures Better Welfare

She explained that spilled fuel seeped into underground tunnels, which later ignited and caused three explosions in different parts of the Auchi community.

According to her, officers from the Auchi Divisional Police Headquarters and the Area Command were mobilised to the affected areas and successfully cordoned them off to prevent loss of lives.

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She added: “No casualty was recorded. Our men on ground were able to cordoned the affected areas.”

READ ALSO:Edo Assembly Declares Okpebholo’s Projects Unprecedented

It was gathered that three separate explosions rocked the town simultaneously in different parts, which led to properties worth millions of naira destroyed.

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A resident who does not want his name in print said via the telephone that the blasts occurred along Igbei Road, Igbo Shade, and along the Auchi–Okene Road, close to Winners Junction.

The resident, who alleged the explosions appeared to have been coordinated, called for a thorough investigation into the incident to prevent future occurrences.

Calls put across to Mr. Monday Edogiawere, Chairman, Red Cross, Edo State, were not picked.

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IPF Hosts Media Conference, Seeks Protection For N’Delta Environment

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The Ijaw Publishers’ Forum (IPF) on Wednesday , December 17, 2025 held its annual media conference in Warri, Delta State, where the media practitioners sought protection of the Niger Delta’s natural resources and environment for future generations.

In his welcome address at the conference themed: ‘Safeguarding the Niger Delta Natural Resources for Future Generations,’ IPF President, Comrade Austin Ozobo, while emphasising the importance of protecting the Niger Delta’ environment and resources, highlighted the devastating impact of oil theft, environmental pollution, exploitation by oil companies, federal government and deforestation on the region.

He called on oil exploration companies to prioritize the well-being of the people and the environment.

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Comrade Austin also provided a brief history of the IPF, which was formed in October 2023 to promote the Ijaw struggle and its identity.

READ ALSO:Otuaro: IPF Urges Reps To Take Caution Over Arrest Threat

He noted that the IPF has made significant strides in telling the Ijaw story and advocating for the rights of the Ijaw nation.

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Ozobo, who noted that the conference was aimed at addressing the challenges facing the Niger Delta region and find solutions to safeguard its natural resources for future generations, said: “We must stop oil theft, environmental pollution which has destroyed fishing and farming activities or occupation in our region. We must equally stop deforestation and waste of other forest and aquatic resources. Our resources are our future. Our environment is our wealth. Pollution does not just affect our environment but it shortens our life span. Stealing our crude or sabotaging it, is as well as stealing our common wealth, invariably creating poverty, unemployment and lack of opportunities in our region. This message largely affects our oil exploration companies. The IOC and indigenous oil companies management should stop exploitation and deliberate environmental pollution if our well-being should be prioritized”.

“We have proactively told the Ijaw story in all dimensions, we have propagated and seamlessly advocated for the struggle of the Ijaw nation. We have actively defended the Ijaw nation from willful blackmails, people who are hellbent to hand twist, incite government, its military against Ijaw nation to jeopardise Ijaw identity. This is not to entertain you but well-meaning leaders, stakeholders and youths could attest to it”.

READ ALSO:IPF Holds Annual Ijaw Media Conference December

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There is no gainsaying that IPF has balanced the equilibrium, the Ijaw nation is now more significant in the media industry than ever, there is now a checks and balances between those who bastardise our collective image or identity in the name of telling our story. We have corrected many such narratives and we will continue to put a stop to it. I can assure you that the rate at which the foreign papers battered our identity have reduced to the barest minimum since we took charge and made Ijaw significant in the media industry”

“The Yoruba has their media houses, Hausa has its own, Igbo has, Itsekiri has, Urhobo has, so the commitments and efforts made by brilliant Ijaw sons and daughters to strengthen Ijaw presence in the media industry should be encouraged by all well-meaning Ijaw leaders and critical stakeholders. Our mission and visions are to defend, advocate, propagate Ijaw/Niger Delta self-determination struggle and build dependable media houses for the Ijaw nation in no distance time. So that when all papers and broadcasting stations will show patriotism to their origins, political Godfathers and hand twisted governments in the unforeseen dark days, Ijaw nation will not be left in the rain and sun to be battered”.

READ ALSO:Ex-Nigerian Amb., Igali, To Deliver Keynote Address As IPF Holds Ijaw Media Conference

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The conference was attended by prominent guests, including High Chief Dennis Otuaro, Administrator of the Presidential Amnesty Programme, and RT. Hon. Emomotimi Guwor, Speaker of the Delta State House of Assembly, Chief Lawuru Promise, Amb. Godknows Igali, Pandef National leader, Chief Oyakemeagbegha Izinebi, INC publicity Secretary, Chief Wellington Bobo, Chief Emmanuel Amgbaduba former commissioner of oil and gas, Delta State, Chief Udens Eradiri, IYC spokesman Princewill Binebai, Ijaw women Rights’ Protection Forum IWRPF, Ijaw women in politics, for peace and Culture, Ayakoromo ladies, President Amnesty students leadership and others.

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