Emefiele Reportedly Willing to Refund Over N1.6 Billion to Secure Plea Bargain

Former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, is reportedly set to return over N 1.6 billion to secure a plea bargain.

You will recall that the Economic and Financial Crimes Commission, EFCC had last week arraigned Emefiele on a six-count charge bordering on alleged procurement fraud.

The original charge, which was 20 counts of N6.5bn, was reduced to six counts, and N1.6bn.

The former CBN Governor, the only defendant in the new charge, has been remanded at Kuje Correctional Centre.

However, according to online media platform, ThisNigeria, Emefiele is willing to refund some billions to secure a plea bargain with the federal government.

A reliable source reportedly told the newspaper that the amount the former apex bank chief wants to return is a scratch from what he allegedly looted.

Another source revealed that the N1.6bn Emefiele is being arraigned for is just the tip of the iceberg, adding that the ongoing investigations may have uncovered massive fraud by the former CBN governor to the tune of N3 trillion.

The source also claimed that the former CBN governor allegedly operated over 300 accounts without Bank Verification Numbers, BVN through family members and proxies.

The source further stated that the main subhead through which the former CBN governor perpetuated the fraud was the apex bank’s’Ways and Means’.