The Economic and Financial Crimes Commission (EFCC) has accused Godwin Emefiele, the embattled former Governor of the Central Bank of Nigeria (CBN), of procurement fraud.

The former apex bank boss was accused by the anti-graft agency of procurement fraud over an N1.2bn contract for 43 vehicles.

Emefiele was accused of using his position to confer a corrupt advantage on Yaro by awarding a contract for the procurement of 43 vehicles worth N1.2 billion between 2018 and 2020.

Emefiele, who showed up in the courtroom around 10 am, was thereafter arraigned on Friday at the Federal Capital Territory High Court in Abuja on a six-count charge.

The former CBN Governor, who pleaded “not guilty” to the amended charge, was dressed in a light blue traditional outfit.

He was later remanded at the Kuje correctional facility pending a ruling on his bail application on November 22.

The Federal Government had reduced the criminal charges preferred against the former apex bank governor to six.

Although the amended charge marked CR/577/2023 still borders on procurement fraud, the counts were reduced with Emefiele as the sole defendant.

Below are the list of 43 vehicles allegedly bought by Emefiele.

1. 37 Toyota Hilux vehicles: N854.7m

2. One Toyota Avalon: N99.9m

3. One Toyota Landcruiser V8: N73.8m

3. Two Toyota Hilux Shell: N44.2m

4. Two Toyota Landcruiser VXR V8: N138m.

A video has surfaced online showing former Central Bank Governor, Godwin Emefiele being moved to the Kuje Correctional Centre.

He was moved to Kuje Prison after Justice Hamza Muazu of the High Court of the Federal Capital Territory, FCT, Abuja, earlier today November 17 ordered that he be remanded in Kuje prison pending the determination of his request for bail.

The Federal Government arraigned Emefiele on a six-count charge bordering on alleged procurement. The original charge, which was 20 counts to the tune of N6.5 billion, has been reduced to six, to the tune of N1.6 billion. Emefiele is the only defendant in the new charge. According to the amended charge sheet, the charges still border on procurement fraud.

The Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion. He was also accused of awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.

When the charges were read to him, he pleaded not guilty.

Emefiele will remain in Kuje prison until November 22 when his bail motion will be heard.

Watch the video of him being escorted out of court to a waiting vehicle that will take him to Kuje prison: