The hope of early release of former Governor of the Central Bank of Nigeria CBN, Godwin Emefiele appears not to be in sight as the Federal Government has distanced itself from a N50B planned non prosecution plea bargain with the embattled Emefiele.

Emefiele, was reported to have entered into a plea bargain with government on condition of surrendering N50B to facilitate his early release from the custody of the Department of the State Service 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.

However, the Attorney General of the Federation AGF and Minister of Justice Prince Lateef Olasunkanmi Fagbemi said that there was no iota of truth in the plea bargain deal.

Fagbemi, a Senior Advocate of Nigeria SAN said that neither his office or the Presidency have 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 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.

Fagbemi declared that no such arrangement has been reached with Godwin Emefiele or his
representatives.

He advised the media and members of the public to kindly disregard the said false report.

The statement added that 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.