BREAKING: Court declines Emefiele’s jurisdiction challenge in $4.5bn, N2.8bn fraud case

The former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele’s jurisdiction challenge involving $4.5 billion and $2.8 billion case failed on Wednesday at Ikeja Special Offences Court, having been dismissed.

Emefiele was dragged to Court bh the Economic and Financial Crimes Commission, EFCC and henis being proecuted.

When the case came for hearing on Wednesday, Justice
Rahman Oshodi ruled the Courtnhas jurisdiction over the matter being a criminal case, particularly over counts eight to 26, citing relevant legal authorities and evidences.

Part of contentious which fall within the jurisdiction, as Justice Oshodi averted the allocation of foreign exchange without bidding, noting that such actions were not punishable under Nigerian law.

“Allocation of foreign exchange without reason is not defined as an offence in any written law.

“The objection to counts one to four succeeds and is hereby struck out. The objection challenging the court’s territorial jurisdiction over counts eight to 26 fails and is hereby dismissed. The prosecution has established sufficient territorial nexus in this case,” he declared.

The judge subsequently adjourned the trial to February 24, 2025, for continuation.

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