Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has issued a notice to Senate President, Godswill Akpabio claiming defamation of his character and demanding N1 billion in damages.

Emefiele through his lawyer, Matthew Burkaa, in a notice to the Senate President dated February 19, 2024, faulted a “we don’t know what to charge Emefiele with” statement credited to Akpabio on February 18, 2024.

The notice read inter alia: “Your statement attributing the present economic woes of the country solely on Our Client is most appalling and exposes the inaccuracies in Your assertions, especially, as you were a major player in the immediate Past Administration and worked closely with Our Client and indeed witnessed the innovations he introduced in the banking sector and its impact on the economy whilst in office, as well as the role he played despite all odds in salvaging Nigeria in the P & ID Saga and the positive result it brought for Nigeria.”

“You are also aware that no single policy was carried out by Our Client without the approval, directive or authorization of the President and/or the Federal Executive Council of which you were a key and powerful member.

“These baseless and false allegations clearly defames the character of Our Client and has also caused him great pains and embarrassment as it has lowered his esteem before the right thinking members of the Society in addition to the obvious odium and opprobrium from the unsuspecting members of the Society as a result of the falsity contained in that statement.

“We therefore have Our Client’s further instruction to demand from you an unreserved apology in writing, published and circulated by the same medium with which you have defamed his character and the sum of One Billion Naira (N1,000,000,000) as reasonable compensation for the willful and unjustifiable denigration of his hard earned reputation.

“In the event that you fail, refuse or neglect to comply with this legitimate demand, Our Client will be at liberty to seek the appropriate redress available to him under the laws of the Federal Republic of Nigeria.”

Emefiele, through his lawyer, considered Akpabio’s comment “false, distorted and clearly aimed at disparaging his character and indeed made in bad faith”.

Emefiele claims that by Akpabio’s statement, it was inferred that he was the cause of all the hardship in Nigeria today.

Akpabio at a thanksgiving service by Senator Barinada Mpigi in Koroma, Tai Local Government Area of Rivers State on Sunday, said Emefiele left the Nigerian economy in a mess and the Federal Government does not know the charges to levy against Emefiele.

Emefiele said contrary to Akpabio’s claim, the Federal Government had since August 14, 2023 preferred charges against him all of which he has pleaded not guilty.