A case of procurement fraud against suspended and detained central bank governor Godwin Emefiele stalled on Wednesday and no new date was fixed for the hearing.

Emefiele was meant to enter a plea on Wednesday. But he did not appear in court and his case was not listed on the court's cause-list.

The suspended CBN governor faces a 20-count charge of unlawful procurement and conferring unlawful advantage to a central bank employee.

Several newspapers on Wednesday reported that Emefiele was exploring a plea bargain to settle the matter out of court.

Emefiele was suspended by President Bola Tinubu in June and later detained by state police.

Reuters