Connect with us

News

Godwin Emefiele Printed N684.5m With N18.9 Billion, EFCC Reveals In Fresh Charge

Published

on

The Economic and Financial Crimes Commission has filed a fresh charge at the High Court of the Federal Capital Territory against the embattled former governor of the Central Bank of Nigeria, Godwin Emefiele.

EFCC in the charge accused Emefiele of approving the printing of N684,590,000 at the rate of N18.96 billion.

In the charge sighted by PUNCH Online on Tuesday, EFCC alleged that Emefiele broke the law with intent to harm the public during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.

The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

Advertisement

The document dated April 2, 2024, and marked Suit No: CR/264/2024, was filed by EFCC’s top prosecutor, Rotimi Oyedepo, SAN revealed that Emefiele will be arraigned on a new four-count charge before Justice Hamza Muazu bordering on disobeying the law to punish Nigerians, iilegal printing of money, abuse of office, among others.

Counts one to four of the charge, read, “STATEMENT OF OFFENCE: Public Servant disobeying direction of law with intent to cause injury to the public contrary to and punishable under Section 123 of the Penal Code Law, Cap. 89 Laws of the Federation, 1990.

“PARTICULARS OF THE OFFENCE: That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of N375,520,000.00 pieces of colour swapped N1, 000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.”

COUNT 2: “That you, GODWIN IFEANYI EMEFIELE, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes, at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

Advertisement

“COUNT 3: “That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of colour swapped N200 (Two Hundred Naira) Note, at the total cost of N3, 441, 005, 280 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.”

“COUNT 4: “That you, GODWIN IFEANYI EMEFIELE, on or about the 7th day of October 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended), by approving the withdrawal of the total sum of N124, 860, 227, 865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public and you thereby committed an offence.”

Recall that Emefiele was on November 18, 2023, arraigned before the court on six counts of procurement fraud, in what is the most high-profile corruption case under President Bola Ahmed Tinubu.

He was also accused of abusing his office by approving a contract for the acquisition of 43 vehicles totalling N1.2 billion from 2018 to 2020.

Advertisement

On Monday, April 8, 2024, the EFCC arraigned the former banker alongside one Henry Omoile before Justice R.A. Oshodi of the Special Offences Court sitting in Ikeja, Lagos for an alleged $4.5bn and N2.8bn fraud.

 

CREDIT: PUNCH

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

North Grossly Underdeveloped – Emir Sanusi Laments

Published

on

The 16th Emir of Kano, Muhammadu Sanusi II, has lamented that the northern part of the country is grossly lagging behind in terms of development particularly in education and agriculture, causing the region to suffer significantly.

Sanusi said this on Saturday at the 50th anniversary of the visit of the founder of Faidha Tijjaniyya in West Africa, Sheikh Ibrahim Nyass, in Jos, Plateau State.

The Emir, who was the guest speaker at the event, said the North had failed to capitalise on its huge population, noting that significant percentage of people from the region are mostly agrarian farmers who lack the requisite knowledge on modern agricultural technology.

He urged stakeholders in the North to invest in education and agriculture for the betterment of the region and its people, adding that the north must wake up.

Advertisement

Delivering a lecture on the imperative of harmonious coexistence in a multi-ethnic/religious setting, the Emir recalled that 50 years ago, late Sheikh Ibrahim Nyass, visited Nigeria from Senegal on the invitation of the then former Head of State, General Yakubu Gowon, to foster peaceful coexistence among the Muslims and non-Muslims in the then Benue-Plateau State.

He added that his grandfather, Muhammadu Sanusi I, received Sheikh Nyass under the permission of the then Governor of Benue-Plateau State, J. D Gomwalk.

While commending the present administration in the state for its support and commitment towards activities of Muslim community, Sanusi urged Muslims in the state to complement the efforts of the state governor to achieve sustainable peace and development.

Advertisement
Continue Reading

News

Agidigbo FM denies organising Oyo’s tragic children’s party sponsored by Ooni’s ex-wife’s foundation

Published

on

Agidigbo FM, a prominent private radio station, has disclaimed involvement in the ill-fated children’s festive party that tragically resulted in multiple deaths on Wednesday morning in Ibadan, Oyo State capital.

The tragedy which struck on Wednesday morning at the Islamic High School in Bashorun, Ibadan when a stampede occurred during a children’s Christmas party.

The station’s management clarified they were not sponsors or organisers of the event, contrary to initial reports. It identified the organiser as WINGS (Women In Need Of Guidance and Support), whose founder is Queen Naomi Silekunola Ogunwusi, the ex-wife of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi.

Eyewitnesses report that many children were trampled in the chaos, with several others injured and currently receiving treatment at the University College Hospital in Ibadan.

Advertisement

The exact number of fatalities and injuries is still unknown, but the incident has sent shockwaves through the community.

Reacting in a press statement shared via his personal X profile, Governor Seyi Makinde also confirmed the multiple deaths during the stampede as reported by SaharaReporters.

He added that the organisers of the event had been arrested and that an investigation was ongoing to unravel the cause of the tragedy.

Queen Naomi Silekunola Ogunwusi, the former wife of the Ooni of Ife, was a key organiser of the tragic children’s festive party. Additionally, Agidigbo 88.7 FM, owned by Oriyomi Hamzat, had actively promoted the event in the days leading up to the devastating incident.

Advertisement

A press statement signed by Olayinka Abdul Wahab, Director of Programmes at Agidigbo FM on Wednesday evening, however, denied the involvement of Oriyomi and its organisation in the planning of the event.

The statement reads: “This is to inform the general public that the management of Agidigbo FM, Ibadan, received the news of the tragedy that heralded the children’s fun fair at Islamic High School, Bashorun, Ibadan, organized by the WINGS foundation with great shock and wholeheartedly commiserate with the families involved.

“Amidst the tragedy, the news making the rounds says that Agidigbo FM is the organizer of the children’s funfair. However, the management wishes to state that Agidigbo FM is not the organizer of the event but one of the media outfits used to promote the event.

“Upon receiving the notice that a mammoth crowd had assembled before 5 am this morning at the venue, Agidigbo FM, the people’s voice, used all media strategies to sensitize the populace with jingles and public service announcements, from that time that people should stop going to the venue of the funfair.

Advertisement

“The organizers of the event also did all they could to ensure that the tragedy was curtailed by deploying security apparatus, medical officials, and other relevant agencies to come to the aid of those affected by this tragic event.

Continue Reading

News

Video: Tinubu Arrives Lagos, Meets Old ‘Friend’ Papa Ajasco

Published

on

President Bola Ahmed Tinubu has arrived in Lagos for the Christmas and New Year celebrations.

Tinubu arrived at the Presidential Wing of the Murtala Mohammed International Airport, Lagos, at noon on Wednesday, December 18.

Tinubu had earlier today presented the 2025 Appropriation Bill to the 10th National Assembly in Abuja.

His arrival was disclosed in a post via the X handle of his Special Assistant on Social Media, Dada Olusegun, on Wednesday, December 18.

Advertisement

The caption reads: “President Tinubu arrives in Lagos where he will spend the Christmas. He is received by H.E #jidesanwoolu and members of the Lagos Executive Cabinet.”

Upon arrival at the Lagos airport, Tinubu met his ‘longtime friend’, Abiodun Ayo Yinka (a.k.a Papa Ajasco).

Disclosing this, Olusegun wrote: “Beautiful moment between PBAT and his long-time friend, Mr Abiodun Ayo Yinka (a.k.a Papa Ajasco) at the Presidential Wing of the Muritala Muhammed International Airport, Lagos.”

watch video

Advertisement

https://twitter.com/TrendingEx/status/1869482391645106394?s=19

Continue Reading

Trending

Copyright © 2024 Naija Blitz News