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Breaking: Former CBN Governor Accused Of Illegally Lodging-Billions In Foreign Accounts And Facing Additional-Charges (Details)

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Godwin Emefiele, the former Central Bank of Nigeria (CBN) Governor, is facing serious allegations of unlawfully depositing billions of naira across 593 bank accounts in the United States, United Kingdom, and China without the required approvals from the CBN’s board of directors and the CBN Investment Committee. The findings were presented by the Special Investigator on the CBN and Related Entities, Jim Obaze….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

 

 

The investigation revealed that Emefiele, during his tenure, deposited £543,482,213 in fixed deposits in UK banks alone without proper authorization. Emefiele, currently in the Kuje Custodial Centre and facing prosecution for N1.2 billion procurement fraud, has not yet responded to the allegations.

President Bola Tinubu appointed Obazee, a former Executive Secretary of the Financial Reporting Council of Nigeria, as the CBN special investigator. The final report, submitted to President Tinubu, highlighted Emefiele’s unauthorized investments in foreign bank accounts and raised concerns about the handling of the CBN naira redesign policy.

The report indicated that Emefiele could face fresh criminal charges related to the illegal issuance of currency under section 19 of the CBN Act. These charges may involve Tunde Sabiu, a former aide to President Muhammadu Buhari, and 12 top directors of the CBN. The naira redesign policy, initiated without board approval, has become a focal point for potential legal actions.

The investigator found that President Buhari did not approve the naira redesign policy, which was suggested by Tunde Sabiu. Emefiele proceeded with the initiative without obtaining the required approval, leading to the awarding of the contract for the redesign to De La Rue of the UK. The report stated that the redesign was only communicated to the CBN board after the contract had been awarded.

Emefiele is also implicated in the fraudulent use of N26.627tn in Ways and Means of the Apex Bank, as well as the misuse of the COVID-19 intervention fund. The investigation revealed instances where funds were diverted, padding of presidential approvals, and questionable legal fees amounting to N1.7bn for 19 cases related to the naira redesign policy.

Additionally, Emefiele is accused of misrepresenting the presidential approval for the NESI Stabilisation Strategy Limited and unlawfully paying N17.2bn to 14 deposit money banks participating in the Nigerian Electricity Market Stabilisation Facility.

The investigation further uncovered a strange illegal withdrawal/theft of $6.23mn from the CBN vault by two individuals who used a forged presidential letter. Emefiele may also face charges related to the manipulation of the naira exchange rate, fraudulent implementation of the e-naira project, and the exemption of three foreign firms from paying income tax.

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Tension As ICPC Allegedly Denies ADC Leaders Access To El-Rufai In Custody.

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Leaders of the African Democratic Congress (ADC) have allegedly been denied access to former Kaduna State Governor, Nasir El-Rufai, who is currently in the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC).....KINDLY READ THE FULL STORY HERE▶

The ADC delegation included the party’s National Secretary, Rauf Aregbesola, National Publicity Secretary, Bolaji Abdullahi, and Secretary of the ADC Manifesto and Policy Committee, Salihu Lukman.

The party leaders were said to have visited the ICPC facility in Abuja in an attempt to meet El-Rufai but were reportedly denied entry. Details surrounding the incident remain unclear as of Friday afternoon.

The development comes days after the ICPC dismissed claims that El-Rufai was being denied access to food, family members, and medical care while in detention.

At a press briefing, ICPC spokesperson Okor Odey described the allegations as “false and misleading.”

He explained that visitors are allowed into ICPC detention facilities between 9:00 a.m. and 6:30 p.m., noting that El-Rufai’s wife reportedly arrived outside approved visiting hours.

Odey also stated that authorised visitors, including family members, lawyers, and medical personnel, are granted access under supervision.

However, the El-Rufai family had earlier alleged that the former governor was denied access to his personal doctors despite a Kaduna High Court order granting him unrestricted access to legal and medical practitioners.

They further claimed that the ICPC’s in-house doctor had recommended further medical evaluation before access was allegedly restricted.

A family member said, “When you see a doctor and you run tests, you are expected to see the doctor back so that he explains what the problem is.”

El-Rufai’s second wife, Hasiat, also alleged, “He was denied access to the doctor.”

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Osun Accord Chairman Demands Immediate Release Of Detained Party Member From Police Custody.

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The Chairman of the Accord Party in Osun State, Pastor Victor Akande, has appealed to the State Commissioner of Police to order the immediate release of a party supporter allegedly being held at the State Criminal Investigation Department (CID).....KINDLY READ THE FULL STORY HERE▶

In a statement released on Friday, Akande alleged that the party member, identified as Owoeye Muyiwa, had been in custody for three days following an alleged directive linked to Senator Francis Fadahunsi through his police orderly.

According to him, Muyiwa, who is said to support Osun State Governor Ademola Adeleke and is a member of the Accord Party, was reportedly arrested after placing a billboard of the governor within his family compound.

The party further alleged that the detention may be connected to Muyiwa’s alleged refusal to defect to the All Progressives Congress (APC), despite repeated pressure and invitations from Senator Fadahunsi.

Akande also claimed that attempts were made to link Muyiwa to the vandalisation of APC billboards in the area.

He noted that individuals allegedly brought forward to identify the suspect told investigators they did not see him vandalising any billboard, thereby clearing him of the accusation.

Despite this, the Accord chairman said Muyiwa has remained in custody at the State CID without any evidence directly tying him to a crime.

According to the statement, officers at the CID were said to have informed concerned persons that only the Commissioner of Police could approve his release.

Akande described the continued detention as intimidation and harassment allegedly targeted at Accord Party members and supporters in Ijesaland.

He therefore urged the Commissioner of Police to ensure Muyiwa’s immediate and unconditional release, insisting that no citizen should be detained for political reasons or for exercising their lawful rights.

He also called on the Inspector General of Police, the Owa Obokun Palace, and relevant democratic institutions within and outside Nigeria to take note of what he described as growing violations of citizens’ rights in Ijesaland.

Akande stressed that democracy must be protected and that citizens must be allowed to freely express their political choices without fear of intimidation or harassment.

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Adamawa APC Aspirant Girei Rejects Exclusion From Governorship Primary List.

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One of the governorship aspirants of the All Progressives Congress (APC) in Adamawa State, Salihu Girei, who took part in the party’s primary election held on Thursday, has rejected what he described as his unexplained omission from the exercise.....KINDLY READ THE FULL STORY HERE▶

In a complaint letter made available to journalists on Friday evening, Girei said he complied with all party guidelines, including appearing before the screening committee and participating fully in the screening process.

“However, to my utmost surprise, I discovered that the list released by the committee responsible for conducting the primary election omitted my name entirely without any explanation or stated reason,” he stated.

He explained that after his screening, he was neither informed of any disqualification nor any adverse decision affecting his eligibility, adding that he was also not invited to appear before the Post-Screening Appeal Committee.

“Therefore, throughout the process, there was nothing whatsoever to indicate that I had been disqualified or was otherwise excluded from participation in the primary election,” he added.

Girei argued that the omission raises serious concerns about fairness, transparency, and equal opportunity in the party’s internal democratic process, insisting that he was denied the chance to participate in the contest.

He further appealed to the National Chairman through the Adamawa State APC Appeal Committee to intervene by reviewing the circumstances surrounding his exclusion, reinstating his name on a revised list of cleared aspirants, and ordering a fresh primary election to ensure fairness.

His complaint was made public just hours after the APC announced Ahmed Tijani Galadima as the winner of the Adamawa governorship primary election.

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