Featured
CBN Investigator indicts Emefiele of embezzlement, gross financial offences
The Special Investigator appointed by President Bola Tinubu to conduct inquiry into the Central Bank of Nigeria (CBN), Jim Obazee, in his report after four months of investigation, indicted the former the Governor of the Central Bank, Godwin Emefiele, including others of embezzling billions of naira as well as committing gross financial offences.
It was gathered from a media report by Premium Times, that the findings and recommendations of the Investigator were compiled in a report submitted to President Tinubu on December 9, 2023.
According to the report, Emefiele, CBN Governor from June 2014 to June 2023, indulged “in fraudulent cash withdrawal of $6.23 million”, and perpetrated fraud in the redesign of the naira, adding that Emefiele deposited 543.4 million pounds in the United Kingdom.
According to Premium Times, the Obazee’s report indicated that Emefiele manipulated the exchange rate, fraudulently used the Ways and Means to the tune of N26.6 trillion, launched fraudulent intervention programmes, made fraudulent expenditures on COVID-19, and manipulated presidential approval, among other things.
The Obazee report, therefore, recommended that Emefiele and others, including the CBN deputy governors, be prosecuted for financial offences.
-
Latest5 days agoFull List: Meet the 2026 Nobel Prize winners across six categories
-
Football5 days agoPremier League Matchweek 7: Five Fixtures That Could Shape the Weekend
-
Latest4 days agoUmahi defends Lagos-Calabar highway route changes amid public outcry
-
Business3 days agoDangote Refinery IPO: 70% Subscription claim meets fourfold demand assertion as investors seek clarity
-
Business4 days ago
Dangote Refinery IPO Extension: Was the 70% subscription report overhyped?
-
Latest2 days agoUCTH faces morgue crisis as 50 unclaimed corpses await mass burial
-
Featured4 days agoEl-Rufai, ADC governorship candidate’s court appearance puts Kaduna opposition politics in focus
-
Latest5 days agoMakinde’s Chief of Staff, Segun Ogunwuyi, resigns