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EXPOSED; How Tinubu’s Aides, Ministers shared N54bn forfeited by Emefiele’s accomplices
Some of President Bola Tinubu’s ministers and aides are accused of sharing over N54 billion from the N120 billion forfeited to the Federal Government by Aminu Yaro and his wife, Saadatu Yaro.
The Yaros, who were associates of former CBN Governor Godwin Emefiele, reportedly agreed to forfeit the funds as part of a plea bargain with the EFCC to drop pending criminal charges.
According to sources, a portion of the forfeited monies, totalling N54 billion, were disbursed among key ministers and advisers of Tinubu in cooperation with EFCC officers.
“Emefiele’s accomplices Aminu Yaro and his wife, Saadatu Yaro, forfeited N120 billion as plea bargaining,” one of the sources said. “Now Tinubu’s aides and ministers shared over N54 billion of the money amongst themselves, and the EFCC is explicitly aware.”
When contacted by reporters, Mr. Dele Oyewale, the EFCC’s Head of Media and Publicity, declined to comment on the accusation, neither confirming nor denying it.
“Let me find out; I will get back to you,” he said.
Oyewale had not responded to reporters as of Tuesday, when this report was filed.
According to reports, the EFCC’s investigations discovered a N70 billion scam reportedly committed by Godwin Emefiele, former CBN governor, in cooperation with others.
According to sources who spoke to our reporter, Emefiele, Alhaji Aminu Yaro, Sarkin Hausawa of Lagos, and his wife, Saadatu Ramallan Yaro, generated the monies through a foreign exchange differential fraud operation that Emefiele assisted.
Sources added that Emefiele blatantly misused his official privileges by committing FX differential fraud with the cooperation of the Sarkin Hausawa Lagos, Yaro, and his wife.
“This is a case of forex differential fraud involving the CBN governor, Godwin Emefiele.
“The governor sells forex to various individuals at the official rate on paper. He has an understanding with the individuals that they will sell at the black market rate when the CBN credits the banks of the individuals that buy the forex.
“When they sell, the difference will be paid into the account of Aminu Yaro on behalf of Emefiele,” one of the sources said.
“So far, about N70 billion has been traced to the account in the course of the investigation.”
According to these sources, Saadatu Ramallan Yaro was a signatory on the firm account where the cash was put.
SaharaReporters revealed on May 22, 2023, that the EFCC charged Saadatu Ramallan Yaro and her company with money laundering charges worth more than N140 billion before Justice Obiora Egwuatu of the Federal High Court in Abuja. Yaro is also a director at April 1616 Investment Limited and Amsamay Limited.
In a 25-count allegation, she was accused of neglecting to report Tsami Babi Resources Limited’s activities, allowing transfers of over N100 billion into the company’s account with a new generation bank, in breach of her duties as a director of a designated non-financial corporation.
In a second 12-count allegation, Saadatu Ramallan-Yaro and M.A.Y. Fine Fragrance Limited, a designated non-financial institution, are accused of money laundering to the tune of N40 billion.
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WATCH Your Family Lawyer Podcast on YouTube tomorrow
The second edition of Your Family Lawyer will hit the airwaves tomorrow (Saturday) precisely by 9.am.
Join Barrister Chinye Chuma, a veteran lawyer marshall out issues laced with court verdicts and how victims can resolve such knotty legal matters.
Watch introductory clip below;
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FemyWalsh Limited Makes History: Appoints Chief Julie Coker as Africa’s Oldest Female Journalist (Photos)
In a groundbreaking move that underscores its commitment to inclusivity and excellence, FemyWalsh Limited has proudly announced the appointment of Chief Julie Coker, an 85-year-old trailblazer in African journalism, as part of its esteemed team.
This historic milestone cements FemyWalsh Limited’s position as a leader in championing diversity and recognising the value of experience across generations.
Chief Julie Coker, a celebrated icon in the media world, brings decades of experience, insight, and unparalleled expertise to the organisation. With a career spanning over six decades, she has been instrumental in shaping the narrative of African journalism, inspiring generations of journalists with her dedication, resilience, and pioneering spirit.
“Chief Julie Coker is not just a journalist; she is a living legend,” said Victor Walsh Oluwafemi, Chief Executive Director of FemyWalsh Limited. “Her contributions to journalism and storytelling have left an indelible mark on the industry. By welcoming her to our team, we are reaffirming our belief that greatness knows no age. This appointment is a testament to our commitment to inclusivity, diversity, and celebrating talent in all its forms.”
This is not the first time FemyWalsh Limited has demonstrated its dedication to inclusivity. Over a year ago, the organisation made headlines by employing a 74-year-old veteran journalist, setting a precedent for valuing experience and diversity. Chief Julie Coker’s appointment further elevates this legacy, marking a significant achievement not only for FemyWalsh Limited but also for Africa’s media landscape.
Chief Julie Coker will now join FemyWalsh Media, which operates Souq News Television, The Isle 104.9 FM Lagos, and the soon-to-launch Kasuwa Radio 99.7 FM, based in the ancient city of Kano. The addition of Kasuwa Radio reflects FemyWalsh Limited’s commitment to expanding its reach and promoting quality broadcasting across Nigeria.
Speaking on her appointment, Chief Julie Coker expressed her gratitude and excitement:
“I am deeply honoured to join FemyWalsh Limited, a company that values experience and continues to break barriers. I look forward to contributing my wealth of knowledge and being part of an organisation that is paving the way for inclusivity and innovation in the media industry.”
Chief Julie Coker’s role at FemyWalsh Limited will focus on mentoring the next generation of journalists, enhancing storytelling strategies, and promoting initiatives that celebrate Africa’s rich media heritage.
FemyWalsh Media’s growing portfolio of outlets underscores its dedication to reshaping the media landscape in Africa by combining innovation with inclusivity. This historic appointment serves as a beacon of inspiration for organisations worldwide, proving that experience and age are invaluable assets in fostering progress and creativity.
About FemyWalsh Limited
FemyWalsh Limited is a leading media organisation committed to driving inclusivity, innovation, and excellence in the media industry. With ownership of Souq News Television, The Isle 104.9 FM Lagos, and the soon-to-launch Kasuwa Radio 99.7 FM Kano, the company continues to inspire through its groundbreaking initiatives and unwavering commitment to diversity.
For media inquiries, please contact:
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Afenifere demands concrete action from S’West governors on banditry
The pan-Yoruba socio-cultural organisation, Afenifere, on Thursday, called on South West Governors to take the security of their areas more seriously in view of the latest revelation concerning the new influx of bandits into the region.
Afenifere disclosed this in a statement by its National Publicity Secretary, Jare Ajayi, in Ibadan, the Oyo State capital,
PUNCH Online reports that the Oyo State Governor, Seyi Makinde while speaking at the 2025 annual inter-faith service for workers held at the Secretariat, Agodi, Ibadan, on Monday, disclosed that bandits being dislodged from the North-West of Nigeria are infiltrating his state.
The Governor had said, “During a security briefing this morning, I learned that some bad elements from the North-West are relocating here due to military heat in their zones.
“To underscore the seriousness of the issue, the governor related his own personal experience when he observed his quiet birthday ceremony at Fashola near Oyo Alaafin towards the end of last month.
“During my birthday retreat in Fashola, bandits had camped less than two kilometres from where I was staying. This underscores the seriousness of the situation.”
Howeve, Afenifere stated that a disclosure of this nature coming from the Chief Security Officer of a state is not something to be treated with levity.
It, therefore, called on all the governors of the South-Western States to “as a matter of urgency, hold a meeting to map out strategies to expel the bandits from the region and to ensure that such elements do not infiltrate Yorubaland at any time again.
“For these objectives to be achieved, there is the need to carry certain groups along. These are the security agencies that will implement whatever security decisions are reached, traditional rulers and heads of local vigilantes known as ‘Ode’.”
Ajayi added that whatever strategies were devised should include functional, up-to-date equipment for those who would be on the fields, attractive incentives and the deployment of modern technologies to assist in identifying the bandits and their hideouts.
While urging security agencies and citizens not to take the issue of security lightly, Ajayi concluded by saying that traditional rulers and community leaders in different parts of Yorubaland should not keep quiet whenever they notice any indication suggestive of security threat.
It added, “For example, until the governor made the revelation on Monday, such grave security danger was unknown to members of the public, yet there are people living in Fashola area where the bandits were reported to have established a camp. It is not unlikely that similar camps could be found in some other parts of the South West, hence the need for urgent and effective action.”
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