Tag: Godwin Emefiele

Drama as EFCC nabs Ex-Lawmaker Gudaji Kazaure over alleged N70m gift from Emefiele

Emporium Reporters

In a dramatic turn of events, the Economic and Financial Crimes Commission (EFCC) on Wednesday arrested former House of Representatives member, Hon. Gudaji Kazaure, over an alleged N70 million financial link to embattled ex-Central Bank Governor, Godwin Emefiele.   The arrest came just hours after a Kano High Court lifted a restraining order that had previously protected the outspoken former lawmaker from being picked up by anti-graft operatives.   Sources within the EFCC revealed that Kazaure allegedly received N20 million in two tranches through an intermediary named Mr. Eric, reportedly…

Akpabio inaugurates ad-hoc Committee to probe N30trn Ways and Means secured under Buhari

Emporium Reporters

Senate President Godswill Akpabio has inaugurated an ad hoc committee of the Nigeria’s Senate to probe the N30 trillion Ways and Means secured under the administration of former President Muhammadu Buhari.   Last month, the upper legislative chamber resolved to probe the loan, secured during the two terms of Buhari.   The Ways and Means is a loan facility through which the Central Bank of Nigeria (CBN) provided short-term financing to cover the government’s budget shortfalls.   Before the ninth national assembly wound down, Buhari had asked the lawmakers in…

Emefiele’s execution in China By Festus Adedayo

Emporium Reporters

We wait to hear what the fallen former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has to say on the lurid report of a probe of his years at the apex bank. The report was leaked on Friday and is the sensation in town. Emefiele himself is said to have perfected his bail conditions and has been released from prison custody. Whatever it is, we are sure of weeks of circus shows akin to that of Sambo Dasuki. Meanwhile, all manner of epithets are today being used to describe…

Buhari didn’t Approve Naira Redesign, Emefiele Operated 593 Illegal Accounts – Investigator

Emporium Reporters

The former Central Bank of Nigeria Governor, Godwin Emefiele, illegally lodged billions of naira in no fewer than 593 bank accounts in the United States, United Kingdom, and China without the approval of the apex bank’s board of directors and the CBN Investment Committee.   The investigation also disclosed that Buhari didn’t approve of the naira redesign.   The Special Investigator on the CBN and Related Entities, Jim Obaze, found that the ex-CBN governor lodged £543, 482,213 in fixed deposits in UK banks alone without authorisation.   Obaze submitted his…

Court grants Emefiele bail

Emporium Reporters

A Federal High Court sitting in Abuja, has granted the former Central Bank of Nigeria Governor, Mr Godwin Emefiele, bail. The court presided over by Justice Adeniyi, ruled that the embattled bank chief should be released to his counsel and must be produced in court when needed. Also, he ordered Emefiele to deposit all his travel documents with the court’s registrar.

EFCC arrests Emefiele after DSS freed him

Emporium Reporters

Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been arrested and detained by operatives of the Economic and Financial Crimes Commission (EFCC) barely an hour after he regained his freedom Thursday night from the dungeon of the Department of State Services (DSS).   It was learnt that Emefiele is currently being interrogated at the National Headquarters of the anti-graft agency in Abuja over alleged abuse of office during his tenure as the head of the apex bank.   The EFCC spokesman, Dele Oyewale, is yet…

BREAKING: FG files 20 fresh charges against former bank chief, Emefiele ….seeks to withdraw Lagos case

Emporium Reporters

There could not be end in sight in the war between president Bola Tinubu-led administration and former Central Bank of Nigeria—CBN, Godwin Emefiele as the former on Tuesday applied to withdraw the “illegal possession of firearms” case it filed against the embattled bank chief at the Federal High Court sitting in Lagos. Mohammed Bakodo Abubakar, Director of Public Prosecutions (DPP) at the Federal Ministry of Justice told Justice Nicholas Oweibo that the application followed the result of further investigations. He made his application orally. But defence counsel Joseph Daudu (SAN)…

Tinubu appoints special investigator to probe CBN amid Emefiele trial

Emporium Reporters

Following the alleged decay in the Central Bank of Nigeria, the President Bola Tinubu, has appointed a special investigator to probe the apex bank.   In a letter dated July 28, 2023, the president named the Chief Executive Officer of the Financial Reporting Council of Nigeria, Jim Obaze, as the special investigator.   Tinubu charged the Special Investigator to investigate CBN and key government business entities.   The investigator is expected to report directly to the President’s office.   The letter read, “In accordance with the fundamental objective set forth…

The Niger coup, Emefiele and the president’s friend, Asari By Festus Adedayo

Emporium Reporters

Africa slumped again last week into the hands of its traditional enemies. The continent has not been the same since midnight of January 13, 1963. On this day, a band of military putschists, led by Etienne Gnasingbe Eyadema and Emmanuel Bodjolle, shot and killed the civilian president of Togo, Sylvanus Olympio and his wife. Togo then became the first of such violent takeover of men in Khaki in the French and British colonies of Africa, thus breaking the symbolic hymen of the innocence of Africa. The wave of democratization in…

BREAKING: Court grants Emefiele N20 million bail

Emporium Reporters

Justice Nicholas Oweibo of the Federal High Court sitting in Lagos has granted the suspended Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, bail.   Justice Oweibo granted him bail to the sum of N20 million with two sureties in like sum.   The judge had rejected the claim by DSS that it had not received a copy of the bail application filed by Emefiele, saying that there was evidence that the government was served.   Mr. J. B. Dauda, SAN, who filed the bail application on…