Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been accused of procurement fraud by the Economic and Financial Crimes Commission (EFCC).

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