Emefiele arraigned, pleads not guilty to printing N684m notes with N18.96bn

Godwin Emefiele, the embattled former Governor of the Central Bank of Nigeria (CBN) has pleaded not guilty to the allegation of approving the printing of N684.5 million at the rate of N18.96 billion.

Emefiele made the plea during his arraignment on Wednesday by the Economic and Financial Crimes Commission (EFCC) on a fresh four-count charge before Justice Maryann Anenih of the FCT High Court, Abuja.

In the four-count charge filed against him, the EFCC alleged that Emefiele disobeyed the direction of law with intent to cause injury to the public during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.