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Breaking: EFCC Launches Investigation Into Ex-CBN Governor Godwin Emefiele Over Alleged $15 Billion Foreign Debts And Financial Irregularities

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Breaking: EFCC Launches Investigation Into Ex-CBN Governor Godwin Emefiele Over Alleged $15 Billion Foreign Debts And Financial Irregularities....KINDLY READ THE FULL STORY HERE▶

The Economic and Financial Crimes Commission (EFCC) has initiated a comprehensive investigation into the actions of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, with a focus on alleged foreign debts amounting to $15 billion. Additionally, Emefiele will be called upon to account for the expenditure of N74.84 billion in the production and circulation of currencies, including the introduction of new naira notes.

These allegations come in the wake of a separate inquiry into financial irregularities uncovered by Special Investigator Jim Obazee, who is examining CBN operations. Obazee’s committee is collaborating with the Federal Bureau of Investigation of the Nigeria Police and has submitted an interim report to President Bola Ahmed Tinubu.

Sources reveal that the transfer of the former CBN governor from the Department of State Services (DSS) to the EFCC was necessary because the fresh investigation falls outside the jurisdiction of the DSS. The DSS does not possess the core expertise required for probing such substantial financial allegations, and it was feared that if the DSS continued its investigation, Emefiele might escape prosecution on technical grounds.

The investigation into Emefiele’s actions, which includes the alleged foreign debts, Naira redesign expenditures, fraud in the Anchor Borrowers Scheme, questionable audits of CBN accounts, the acquisition of bank and fintech licenses by certain CBN officials, and the awarding of billion-Naira contracts, has commenced. Emefiele is cooperating with the EFCC’s panel of investigators.

The EFCC’s Head of Media and Publicity, Mr. Dele Oyewale, had not responded to calls for comment at the time of this report.

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Crime

DRAGNET CLOSES IN: Six Arrested As Police Storm Underground Child Trafficking Den In Ogun!.

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  • Police Raid and Rescue: Operatives from the Ogun State Police Command raided an alleged baby factory in Mowe, Obafemi-Owode Local Government Area, successfully rescuing two heavily pregnant women and four children (two boys and two girls).....KINDLY READ THE FULL STORY HERE▶

    • Arrests and Missing Newborn: The operation resulted in six arrests, while authorities are actively searching for a newborn baby boy whose whereabouts remain unknown after his mother gave birth at a local hospital.

    • Syndicate Investigation: Triggered by intelligence regarding a human trafficking and illegal adoption ring in Abaren Village, the case has now been transferred to the State Criminal Investigation Department in Eleweran, Abeokuta, for a deeper probe.

    • Police Commitment: Ogun State Commissioner of Police Bode Ojajuni reaffirmed the command’s dedication to eradicating child trading and human trafficking, urging residents to stay vigilant and report suspicious activities.

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Crime

The Hunt Is Over! Ondo Amotekun Operatives Smoke Out Ruthless Kidnappers In Daring Raid!.

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  • Amotekun Nabs Suspected Kidnappers: The Ondo State Security Network Agency, known as Amotekun Corps, has successfully apprehended two suspected kidnappers, including a 27-year-old man trapped during a ransom negotiation.....KINDLY READ THE FULL STORY HERE▶

    • Ransom Trap in Akure: According to the state commander, Adetunji Adeleye, who briefed journalists on Monday, operatives leveraged intelligence from informants to monitor and arrest the suspect behind the Shasha area.

    • Foiled Plot in Owo: Authorities also paraded a 19-year-old former employee caught with a weapon who allegedly attempted to kidnap his former boss’s wife in Molege, Owo, before family members raised an alarm.

    • Quick Rescue Operation: Adeleye highlighted a rapid response in the Isinigbo/Osi axis where operatives rescued an abducted woman and her two children following a brief confrontation with kidnappers.

    • Community Collaboration: The commander commended local community members, including the Fulani community, for providing crucial information that aided recent security breakthroughs.

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Crime

THE END OF THE ROAD! Dramatic Court Verdict Seals The Fate Of Two Die-Hard Cultists In Ogun!.

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An Ogun State Magistrate Court presided over by Magistrate O.L. Oke has sentenced two men, Moruf Okusanya (40) and Babatunde Gafar (33), to seven years in prison each without an option of a fine, following their conviction on a four-count charge.....KINDLY READ THE FULL STORY HERE▶

Case Background and Prosecution

The convicts were apprehended following a violent cult clash at the Ikenne Town Hall on October 23, 2023, which severely disrupted public peace and local activities.

Prosecuting officer ASP Olaide Rawlings established during the trial that Okusanya belonged to the Eiye Confraternity, while Gafar was affiliated with the Alora Confraternity, alongside other accomplices currently at large. Their actions violated several provisions of the Prohibition of Forcible Entry and Occupation of Landed Properties, Armed Robbery, Cultism, Kidnapping and Other Anti-Violent and Related Offences Law of Ogun State, 2016.

Finding the prosecution’s evidence credible and compelling beyond a reasonable doubt, Magistrate Oke delivered the sentence to serve as a strict deterrent against unlawful secret societies and violent disturbances in the state.

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