The Federal Government on Sunday distanced itself from a N50 billion planned non-prosecution plea bargain with former Central Bank of Nigeria Governor, Godwin Emefiele.

Emefiele was reported to have entered into a plea bargain with the government on condition of surrendering N50 billion to facilitate his early release from the custody of the Department of the State Services, DSS.

The plea bargain was also said to be aimed at cancelling the trial of the former CBN chief on series of charges comprising money laundering, breach of Public Procurement Act and abuse of office.

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However, on Sunday, the Attorney-General of the Federation, AGF, and Minister of Justice, Prince Lateef Olasunkanmi Fagbemi, said there is no iota of truth in the alleged plea bargain deal.

Fagbemi, a Senior Advocate of Nigeria, SAN, said neither his office nor the Presidency has had anything of such nature with Emefiele.

The position of the Federal Government was made public in a statement by the Director of Information in the Federal Ministry of Justice, Mrs Modupe Ogundoro.

The statement reads in part, “The attention of the Office of the Attorney General of the Federation and Minister of Justice has
been drawn to a report by Sahara Reporters alleging that the former Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele and the Federal Government of Nigeria, have agreed to a non-prosecution plea bargain arrangement.

“The report further alleges that Mr. Godwin Emefiele and the Federal Government of Nigeria, represented by the Attorney General of the Federation and Minister of Justice, have signed a non-prosecution plea bargain agreement and that the agreement is awaiting the signature of President Bola Ahmed Tinubu.

“The Office of the Attorney General of the Federation and Minister of Justice hereby states clearly that these reports are completely false.

“It would be noted that the legal team representing Mr. Godwin Emefiele had expressed their intention in court at the last hearing to initiate a plea bargain
arrangement.

“However, no such arrangement has been reached with Mr. Godwin Emefiele or his
representatives.

“We wish to advise the media and members of the public to kindly disregard the said false report.

“The Office of the Attorney General of the Federation and Minister of Justice will continue to take all actions in the interest of the Nigerian public.”