Crime
Former CBN Governor Emefiele To Face Arraignment Over Financial Misconduct Charges
Former CBN Governor Emefiele To Face Arraignment Over Financial Misconduct Charges
Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, is set to be arraigned on Wednesday on charges of financial misconduct related to the controversial naira redesign policy. This follows the postponement of his initial court date on April 30, 2024. The hearing will take place before Justice Maryann Anenih at the FCT High Court in Abuja.....KINDLY READ THE FULL STORY HERE▶
The Economic and Financial Crimes Commission (EFCC) has leveled four charges against Emefiele, accusing him of illegal financial activities during the implementation of the naira swap policy under former President Muhammadu Buhari’s administration. These charges include unauthorized currency printing and misappropriation of funds from the Consolidated Revenue Fund of the Federation.
Emefiele’s arraignment on these charges marks his third encounter with the legal system. On November 17, 2023, he faced a six-count charge of procurement fraud before Justice Hamza Muazu, to which he pleaded not guilty. Additionally, on April 8, 2024, Emefiele and Henry Omoile were charged with fraud involving substantial sums in both foreign and local currencies before Justice Rahman Oshodi at the Special Offences Court in Ikeja, Lagos.
The fresh charges against Emefiele detail specific instances of financial misconduct:
- Unauthorized Printing of N1,000 Notes:
- Between October 19, 2022, and March 5, 2023, Emefiele allegedly approved the printing of 375,520,000 pieces of color-swapped N1,000 notes at a cost of N11,052,068,062 without the necessary recommendations and approvals, causing public harm.
- Unauthorized Printing of N500 Notes:
- During the same period, Emefiele is accused of approving the printing of 172,000,000 pieces of color-swapped N500 notes at a cost of N4,471,066,040, again without proper authorization, resulting in public injury.
- Unauthorized Printing of N200 Notes:
- Emefiele also allegedly approved the printing of 137,070,000 pieces of color-swapped N200 notes at a cost of N3,441,005,280 without the required approvals, causing further harm to the public.
- Unapproved Withdrawal from the Consolidated Revenue Fund:
- On October 7, 2020, Emefiele is accused of approving the withdrawal of N124,860,227,865.16 from the Consolidated Revenue Fund in a manner not prescribed by the National Assembly, violating the Nigerian Constitution and causing public injury.
Emefiele’s arraignment adds to the growing legal challenges he faces, with stakeholders urging President Tinubu to reconsider and release him. The case underscores significant issues of governance and accountability in Nigeria’s financial sector.
Tension has gripped the University of Jos (UNIJOS) following the discovery of a headless body on the institution’s permanent site this past Tuesday. The victim, whose head was taken by the assailants, was not a student or staff member of the university, but was a local resident known for farming on a plot of land within the campus premises.....KINDLY READ THE FULL STORY HERE▶
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The Discovery: The victim, who was familiar to the community and frequently visited the site early in the morning to farm, was found decapitated in his usual farming spot.
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Targeted Attack: The University’s Chief Security Officer (CSO), Agama Tangni, indicated that the attack appeared deliberate and suggested the assailants may have been monitoring the victim’s routine.
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Security Response: Following the incident, the victim’s body was moved to the Bingham University Teaching Hospital mortuary, and university management was notified.
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Current Status: While the Plateau State Police Command has yet to release an official statement, security personnel have been deployed to strategic areas of the campus to bolster safety and conduct an ongoing investigation to identify the killers and recover the victim’s head.
Crime
Plantain Peel Plot Exposed! Nigerian-British Grandma Busted With 13kg Of Cocaine At Lagos Airport!.
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Airport Arrest: A 67-year-old Nigerian-British caregiver, Mary Yetunde Barek, was arrested at the Murtala Muhammed International Airport in Lagos on June 28, 2026, while attempting to board a flight to London. Authorities discovered 13 kilograms of cocaine hidden inside her luggage, which had been creatively packaged to resemble plantains. The suspect has admitted to owning the illicit materials.....KINDLY READ THE FULL STORY HERE▶
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From Caregiver to Criminal: 67-Year-Old Grandmother Caught in Daring 13kg Cocaine Smuggling Attempt!
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Hidden in Plain Sight! NDLEA Uncovers 13kg of Cocaine Stashed in Fake Plantain Peels in Grandma’s Luggage!
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Grandma’s “Fruit” Gamble Fails! NDLEA Foils Massive 13kg Cocaine Trafficking Bid at MMIA!
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London-Bound Nightmare! Nigerian-British Grandma Arrested Over 13kg Cocaine Discovery at Lagos Airport!
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A former security guard, 22-year-old Sodeinde Olajuwon Phillips, has confessed to his involvement in the murder of Olakitan Ibiyola Oyesiku, a retired Ogun State broadcaster widely known as Aunty Kitan. The 67-year-old Oyesiku, who had retired from Ogun State Television, was killed along with her current security guard, Pelumi Adetayo, at her residence in Agodo village, Kobape, Abeokuta.....KINDLY READ THE FULL STORY HERE▶
The investigation into the deaths was spearheaded by the Ogun State Commissioner of Police, Bode Ojajuni, who revealed that a crucial handwritten note found at the scene played a pivotal role in leading detectives to the suspects.
“We met her lying, facing upward to the sky, and we saw a paper, a note on her chest, and we equally found the same paper differently spread on the table in the living room,” Ojajuni stated. He further explained, “We discovered that the one that was met on her chest, the handwriting was totally different from the others that were spread.”
The use of intelligence gathering and technical tracking enabled the police to recover the deceased’s Lexus RX 330 and subsequently arrest three suspects. They were identified as Olajuwon (the former employee), 27-year-old Sakirudeen Abdulraheem Ayoola, and 36-year-old Sobu Obafunsho.
A Tragic Motive: Money for Rent and Perceived Unfair Pay Upon questioning, Olajuwon provided a detailed and disturbing account of why the attack was orchestrated. He explained that a primary motive was the need for money to secure new housing for himself and Ayoola.
“My name is Sodeinde Olajuwon Phillips, and I am 22 years old. Myself, Shakirudeen and Sobu participated in the robbery and killing,” he confessed. He further elaborated, “We did it because she did not pay us well when we worked for her.”
Describing the robbery, Olajuwon recounted: “Shakirudeen and I needed more money to rent an apartment. So, we wore masks, forced the security guard to ring the bell, and after gaining entry, the security guard was taken back to his post.”
Following the attack, the group stole Oyesiku’s vehicle. Olajuwon detailed their escape, saying, “We left with her vehicle. Shakirudeen drove the car while we left together. We collected it from her before she died and drove to Onikolobo. I alighted under the bridge and went straight home, while Shakirudeen drove away with the vehicle.”
The stolen Lexus RX 330 was later recovered by the police in proximity to Olajuwon’s residence. The investigators found that the vehicle’s license plates had been removed and concealed under one of the seats.
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