Emefiele opts for plea bargain in alleged N6.69b fraud case

Emefiele opts for plea bargain in alleged N6.69b fraud case

Weighed down by the rigours of investigation and the pangs of trial, the suspended Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has opted for plea bargain.

It was learnt that as part of the out-of-court settlement terms, Emefiele will forfeit any illicit funds and questionable assets traced to him. But, it cold not be confirmed if any illicit fund has been linked to him.

He will also step aside as the CBN governor to enable the government to appoint a substantive holder.

It was also gathered that Emefiele and his relations will withdraw all matters in court.

Yesterday, an Abuja Court struck out a suit filed by the embattled CBN governor challenging his detention.

His siblings – George and Okanta – withdrew the two suits they filed against the Department of State Service (DSS) and the Attorney-General of the Federation (AGF).

Some highly-placed Nigerians were said to have interceded for Emefiele to make government accept the plea bargain offer.

Emefiele is standing trial for alleged violation of the procurement law to the tune of N6.9 billion.

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