Alleged ₦7.8bn Fraud : EFCC Arraigns Emefiele for Unlawful Possession of 753 Housing Units The Economic and Financial Crimes Commission, EFCC, on Monday, June 16, 2025, arraigned a former Governor of the Central Bank of Nigeria, CBN, Godwin Ifeanyi Emefiele, before Justice Yusuf Halilu of the Federal Capital Territory, FCT, High Court, Maitama, Abuja, on an eight-count charge bordering on criminal breach of trust, conspiracy, forgery, and unlawful possession of property suspected to be proceeds of crime to the tune of ₦7,831,002,396 (Seven Billion, Eight Hundred and Thirty-One Million, Two Thousand, Three Hundred and Ninety-Six Naira). Emefiele is facing trial for allegedly using his privileged position to unlawfully acquire properties and control large sums of money suspected to be proceeds of unlawful activity. Count One reads: “That you, GODWIN IFEANYI EMEFIELE and ERIC OCHEME (at large), sometime in August 2021, in Abuja, within the jurisdiction of t...