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The Federal Capital Territory High Court has levied a N500,000 fine on the EFCC for failing to proceed with the corruption trial of former CBN governor Godwin Emefiele, due to the absence of a key witness.
In a Lagos State High Court, Henry Omoile, a co-defendant in the alleged $4.5 billion fraud case involving former CBN Governor Godwin Emefiele, admitted to lying in statements made to the EFCC, citing threats as the reason for his dishonesty.
A witness from the EFCC testified in an FCT High Court that $2 million was seized from Collins Omeife, the attorney representing former CBN Governor Godwin Emefiele. The funds, confirmed to belong to Emefiele, were allegedly used to purchase properties and renovate existing assets.
In the ongoing fraud trial related to 753 housing units, a bank official revealed that he distributed over N1.6 billion under the direction of former Central Bank of Nigeria governor, Godwin Emefiele, and his aide, Eric Ocheme.
