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

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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.

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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.

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“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.

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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

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Transporter Frowns At PTD Strike, Says Union Will Force Govt To Use Rail As Mobility Alternative In Lifting Petroleum Products

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By Kayode Sanni-Arewa

A prominent transporter in Oyo State and convener of a pressure group, “Know Your Right”, Kehinde Adebeshin a.k.a “Baba Ibeji” has cautioned the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and its Branch, the Petroleum Tanker Drivers (PTD) not to force the government of Nigeria to see the Nigerian Railway Corporation (NRC) as a preferred mobility alternative across the country for lifting Petroleum products.

This surprise call came in the wake of industrial action by the PTD in Lagos State to protest the “persistent harassment” of tanker and petroleum product drivers by police officers attached to the Task Force and LASTMA officials in Lagos State.

Although the strike has been called off by the Union’s leadership on Wednesday, February 25, 2025; however Adebeshin decried the ripple effects of the hardship the action of PTD had caused Nigerians since Saturday, February 22, 2024, he described the Union’s decision as an act of economic sabotage. He maintained that it was unfortunate and regrettable that the union flagrantly failed to comply with the existing Lagos e-call-up enforcement which was aimed at regulating truck activities and for maintaining orderliness in the already congested metropolis.

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Adebeshin blamed PTD and its parent body, NUPENG’s overzealousness and highhandedness on leadership gap, incompetence, lack of tact and administrative indiscretion. He also expressed disappointment on the implications of the strike on Telecom operators who also raised an alarm over an impending service disruption within Lagos and Ogun states, as diesel supply to their service locations were blocked for three consecutive days when the strike was on.

Adebeshin’s statement on Tuesday reads in parts:

“For lack of tact, competence, administrative discretion, and leadership gaps in operations, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and its Branch, the Petroleum Tanker Drivers (PTD) have openly given opportunity for the government of Nigeria to see the Nigerian Railway Corporation (NRC) as a preferred mobility alternative across the country for lifting Petroleum products and put a total stop to transportation of products through the road.

“The Union must be able to properly measure situations critically before down tooling, unfortunately, NUPENG and PTD have created room for business owners and Nigerians as a whole to label them economic saboteurs who stand the risk of being invited by the DSS. The Union brazenly failed to do its background check whether trucks arrested by Lagos State Task Force and LASTMA officials have not flaunted the existing Lagos e-call-up regulations which was designed to regulate truck activities and for maintaining orderliness in the already congested metropolis. Standing as an encumbrance to the government’s well intentioned program and policy is an affront which should never be tolerated.

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“The circular by the Lagos State government to all stakeholders to streamline and regulate truck activities along Lekki-Epe axis of the state, effective March 1, 2025 did not exempt NUPENG or PTD, therefore all violators would be apprehended and made to face the full wrath of the law.

“NUPENG should note that the Nigerian Railway Corporation (NRC), has already collaborated with APM Terminals (APMT) to kick start container traffic service on the standard gauge railway, connecting Lagos to the Moniya Freight Yard in Ibadan. This milestone can be replicated in the downstream sector of the Petroleum industry to enhance Petroleum products lifting and distribution activities, and providing a more efficient and convenient mode of transportation and ultimately help to reduce or put into a total halt, petrol tanker accidents which have claimed many lives and destroyed properties.

“It is good news to hear that NUPENG had eventually swallowed its pride by calling off the 3-day strike, they should engage more in peaceful dialogue with the government of Lagos State in the larger interest of Nigeria so as to foster symbiotic industrial harmony and prosperity. The Union should also try to fix the PTD leadership crisis in the nick of time and give room for people with vision, experience and positive direction to take charge of the PTD Branch and restore its old glory and dignity,” he said.

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Sad! Midnight f!re engulfs Ladipo, Owode Onirin markets in Lagos

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By Kayode Sanni-Arewa

A midnight inferno gutted Ladipo Market in Mushin and Owode Onirin Market along Ikorodu Road, Lagos, destroying goods worth millions of naira.

According to eyewitnesses, the fire broke out at Ladipo Market around 1 a.m., ravaging several shops and warehouses filled with mechanical tools, vehicle spare parts, motorcycles, and household electrical appliances.

Fortunately, no casualties were recorded in either incident, as confirmed by the Lagos State Fire and Rescue Service, which successfully curtailed the fire by 6 a.m.

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Director of the Lagos State Fire and Rescue Service, Margaret Adeseye, confirmed that emergency teams from Isolo, Bolade, and Alausa Fire Stations battled the flames at Ladipo Market. Despite challenges in accessing the affected areas, firefighters managed to contain the fire, preventing it from spreading to adjoining properties and businesses.

Meanwhile, another fire erupted at Owode Onirin Market along Ikorodu Road, affecting several shops dealing in metallic materials. Firefighters from the Alausa and Ikorodu Fire Stations responded swiftly, bringing the situation under control by 5 a.m.

Adeseye reassured the public that investigations would determine the cause of both fires once firefighting operations reach the damping-down stage.

“Thankfully, no casualties were recorded in either incident. The causes of the fires will be ascertained as soon as firefighting operations progress to the next stage,” she stated.

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US dumps UK, others from visa-free entry for 2025

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By Kayode Sanni-Arewa

The United States, on Monday, released the list of eligible countries for its 2025 Visa Waiver Programme.

The United Kingdom was excluded from the programme but remains eligible under specific conditions.

The list also does not include any African countries, such as Nigeria, Ghana, or South Africa.

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While most of the VWP list remains unchanged, the addition of Romania marks a significant update. The US has also focused on enhancing security checks and prioritising countries with strong diplomatic ties and border security standards.

According to the US Bureau of Consular Affairs website, the Visa Waiver Programme allows most citizens or nationals of participating countries to travel to the United States for tourism or business for up to 90 days without obtaining a visa.

The agency stated, “Travellers must have a valid Electronic System for Travel Authorization (ESTA) approval prior to travel and meet all requirements explained below. If you prefer to have a visa in your passport, you may still apply for a visitor visa.”

The new Visa Waiver Programme for 2025 introduces policy updates on permit eligibility and revisions to the list of participating countries, as well as new travel policies.

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This update simplifies visa-free entry into the United States for millions worldwide, making business, tourism, and transit travel more accessible.

The 2025 Visa Waiver Programme includes 40 countries whose citizens can now travel to the United States without a visa.

See the full list below:

1. Andorra,

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2. Australia,

3. Austria,

4. Belgium,

5. Chile,

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6. Czech Republic,

7. Croatia,

8. Denmark,

9. Estonia,

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10. Finland,

11. France,

12. Germany,

13. Greece,

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14. Hungary,

15. Iceland,

Nigeria needs data centres to meet digital demand – Geniserve
16. Ireland,

17. Italy,

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18. Israel

19. Norway,

20. Poland,

21. Portugal,

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22. San Marino,

23. Singapore,

24. Slovakia,

25. Japan,

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26. Slovenia,

27. Latvia,

28. South Korea,

29. Liechtenstein,

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30. Spain,

31. Lithuania,

32. Sweden,

33. Luxembourg,

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34. Switzerland,

35. Malta,

36. Netherlands,

37. New Zealand,

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38. Qatar,

39. Romania

40. Monaco

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