Another witness has testified in the ongoing trial of former Central Bank of Nigeria Governor Godwin Emefiele over the alleged fraudulent withdrawal of $6.23 million from the CBN vault in Abuja under the guise of payments for a phoney foreign election observers’ exercise during the 2023 general elections. The Economic and Financial Crimes Commission is prosecuting Emefiele on a 20‑count amended charge bordering on criminal breach of trust, forgery, procurement fraud, obtaining by false pretence and conspiracy.
Earlier testimony from a former CBN official confirmed that the $6.23 million was withdrawn in cash in a single day. Emefiele has denied all the charges. The case has drawn significant public attention given the scale of the alleged fraud and its occurrence at the highest level of the country’s monetary authority just before a national election.
