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flag Nigerian court rejects former Central Bank governor's jurisdiction challenge in $4.5B fraud case.

flag The Lagos State Special Offences Court in Nigeria has dismissed former Central Bank Governor Godwin Emefiele's challenge to the court's jurisdiction in a $4.5 billion and N2.8 billion fraud case. flag The Economic and Financial Crimes Commission (EFCC) charged Emefiele with 26 counts of abuse of office. flag The court struck out the first four counts, relating to foreign exchange allocation, as they were not punishable under Nigerian law. flag The trial will continue on February 24.

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