The suspended CBN Governor Godwin Emefiele and other top officials of the bank may face trial afterall.
This follows the stalling of the plea bargain move between the Federal Government and Emefiele
Emefiele and the affected officials of the apex bank have “not made substantial concessions on some refunds expected from them.”
Sources said that trillions of naira were being tracked by a federal agency but only a few billions of naira was offered as refundable by some of those linked to the suspicious transactions.
some interceding forces and Emefiele have not made progress on the plea bargain terms.
The Presidency was shocked by the “massive scale of fraud and flagrant violations of the CBN Act,”
following interventions, the government’s investigation, initially coordinated by a security agency, had recommended plea bargain option with Emefiele, who wanted it.
Despite Emefiele’s offer to step aside in August, the other aspects of plea bargain process were “not substantially met.”
A source said: “Where trillions were being queried, some of those affected have offered to refund about N32 billion only.
“The engagement of the Special Investigator has also uncovered more mismanagement of resources and questionable expenditures in CBN than what some security agencies dug up.
“The findings of the Special Investigator have uncovered a massive rot.”
