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Emefiele

UPDATE: EFCC Rejects Emefiele’s Request for Overseas Medical Trip
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UPDATE: EFCC Rejects Emefiele’s Request for Overseas Medical Trip

by Victor Ndubuisi
written by Victor Ndubuisi 2 minutes read

The plea of Godwin Emefiele, a former governor of the Central Bank of Nigeria (CBN), to have his passport released so that he might go abroad for medical treatment has been contested by the Economic and Financial Crimes Commission (EFCC).

Spokesman Dele Oyewale of the EFCC made the position known in a statement on Monday.

In an affidavit, Emefiele’s defence attorney, Labi Lawal, requested that Emefiele’s passport be released so that he may receive medical care in the UK. The EFCC, however, objected to this request.

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Muhammad Abbas Omeiza, the prosecution’s attorney, contended that neither a medical report nor any proof of Emefiele’s illness’s inability to be treated in Nigeria were shown to the court.

Omeiza stated, “Monday’s affidavit by the defence and the counter-affidavit by the prosecution were in furtherance of the ones made earlier on the matter on June 25, 2024, by both teams.

“Prosecution counsel, Muhammad Abbas Omeiza, in furtherance to the counter-affidavit, told the court that there was no medical report before the court showing that Emefiele was plagued by an ailment and that if there was, there was no evidence to support that it could not be treated locally in Nigeria.

“Omeiza further noted that Emefiele deposited his passport with the court as part of the fulfilment of his bail conditions, arguing that releasing it to him would amount to the court varying his bail conditions.”

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The prosecution counsel, while arguing that Emefiele was a flight risk, noted: “The defendant has co-conspirators all over the world. Anita and Tony are all aides of the defendant who are currently in the UK. The defendant might be tempted to jump bail because he is standing trial in three different courts.”

The defence attorney refuted these allegations, calling them hypothetical and stating that if Emefiele didn’t return from his medical trip, there may be a global red alert for his arrest.

Following the hearing of arguments from both sides, Justice Mu’azu postponed the decision on the case until July 16, 2024.

 

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CBN Staff, Osasuwa Tells Ikeja Court How He Collected $3 Million Cash for Emefiele
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CBN Staff, Osasuwa Tells Ikeja Court How He Collected $3 Million Cash for Emefiele

by Victor Ndubuisi
written by Victor Ndubuisi 2 minutes read

Osasuwa, a worker for the Central Bank of Nigeria (CBN), provided testimony on Monday at the Ikeja Special Offences Court regarding his participation in a cash collecting scheme overseen by Godwin Emefiele, the former governor of the CBN.

Under the direction of Rotimi Oyedepo (SAN), the Economic and Financial Crimes Commission’s (EFCC) attorney, Osasuwa revealed during the hearing that he had worked as a dispatch rider at Zenith Bank in 2001 before joining the CBN as a senior supervisor in 2014.

During his time as a dispatch rider at Zenith Bank Plc, Emefiele held the position of Managing Director, according to Osasuwa. He went on to say that he followed Emefiele to the CBN since they had a professional relationship while he was employed at Zenith Bank.

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After joining the CBN, Osasuwa was sent to the Lagos governor’s office as a senior supervisor, where he was responsible for document recording and filing.

“I was still working in the CBN governor’s office while I was appointed as a full staff member and we usually communicated through Whatsapp and email,” he said.

“I function as a senior supervisor, recording and filing with other official roles.

“I recall that in 2020, when he was outside Lagos, he called me that he would give me a number that a man had something I should collect from him and that the man would give me the number of another person.

“When I got to the man’s office, I was given an envelope. I counted the money and the man said I should give it to my boss.”

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The witness further informed the court that the first defendant used to gather money on his own whenever he was in Lagos, but that he would instruct him to give the money to the second defendant when the defendant wasn’t around.

When Mr. Osasuwa was employed by Zenith Bank, Emefiele sent him to MINL Ltd., he said.

 

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UPDATE: Corruption Is Defeatable in Nigeria - EFCC
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Human Rights Lawyer Reveals EFCC Will Probe Buhari’s Administration

by Victor Ndubuisi
written by Victor Ndubuisi 2 minutes read

The Economic and Financial Crimes Commission (EFCC) is under growing pressure to look into officials who worked for former President Muhammadu Buhari’s team.

Pelumi Olajengbesi, a well-known human rights attorney, recently made a public appeal to the EFCC, requesting a thorough investigation of all financial transactions involving all officials who worked under Buhari.

This call coincides with information emerging from Godwin Emefiele’s trial, the former governor of the Central Bank of Nigeria (CBN), who is currently on trial for allegedly being involved in a $6.2 million fraud case related to the last presidential election.

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Olajengbesi commended the EFCC for revealing the purported forging of Buhari’s signature in the case, in addition to that of the former Secretary-General of the Federation, Boss Mustapha. The human rights attorney underlined how important it is to combat the criminal influence of individuals in positions of authority and put an end to their impunity.

He pleaded with the EFCC to broaden the scope of its inquiries beyond Emefiele and encompass other significant individuals who were part of the Buhari government.

Olajengbesi emphasised the need of creating barriers against this kind of behaviour and pushed for a comprehensive audit to guarantee openness and responsibility.

His words: “The EFCC must not stop at just the former CBN Governor Godwin Emefiele but should carry out an entire audit of principal actors who served under the administration of former President Muhammadu Buhari. There should be a deterrent for bad behaviour.

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“Again, the case of the suspended Managing Director/Chief Executive Officer of the Rural Electrification Agency, Ahmad Salihijo, over alleged N1.2bn fraud is fresh and a pointer to the gross abuse of power by those who served under Buhari.

“Emefiele and all those who served under the Buhari administration should be properly audited and given a chance to clear their names, as the corruption that manifested under that government is gargantuan.”

 

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CBN Staff, Osasuwa Tells Ikeja Court How He Collected $3 Million Cash for Emefiele
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Court Grants Godwin Emefiele N300m Bail

by Ikem Emmanuel
written by Ikem Emmanuel 2 minutes read

Justice Hamza Muazu of the Federal Capital Territory High Court in Abuja has granted bail to Mr. Godwin Emefiele, the former Governor of the Central Bank of Nigeria, in the sum of N300 million and two sureties with properties within the Maitama District as collateral. As part of his bail conditions, Emefiele must deposit all his travel documents with the court registrar and remain within the Abuja Municipal Council. Until he meets the bail conditions, he will remain in the Kuje Correctional Centre.

The bail ruling comes after Emefiele was arraigned by the Federal Government on a six-count charge relating to alleged procurement fraud. The charges state that between 2018 and 2020, Emefiele unlawfully purchased 43 vehicles worth N1.2 billion and awarded a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million. He is also accused of conferring a corrupt advantage by awarding contracts to a company in which a staff member of the Central Bank of Nigeria was a director.

Emefiele had previously appeared in court on Friday, pleading not guilty to the charges. The original charge, which was initially 20 counts amounting to N6.5 billion, was reduced to six counts totaling N1.6 billion. The case has been adjourned until November 22 for the ruling on Emefiele’s bail application and November 28 for the commencement of the trial.

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Despite Emefiele’s absence during the bail ruling, his lawyer confirmed that he was already at the Kuje Correctional Centre. Emefiele had previously been granted bail in the sum of N20 million by the Federal High Court sitting in Lagos.

As the legal proceedings continue, it remains to be seen how the case will unfold and what implications it could have on the former CBN governor. The allegations of procurement fraud have certainly cast a shadow over Emefiele’s reputation, and the trial will determine whether he is found guilty or innocent of the charges brought against him.

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Panic As Tinubu Set To Receive Investigative Report On Emefiele
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Panic As Tinubu Set To Receive Investigative Report On Emefiele

by Victor Ndubuisi
written by Victor Ndubuisi 2 minutes read

President Bola Tinubu is due to receive the interim report from the Special Investigative team, which was tasked with looking into the operations of the Central Bank of Nigeria (CBN) during the tenure of its former governor, Godwin Emefiele.

Remember that President Tinubu appointed Jim Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria, as the Special Investigator to look into the actions of the CBN and other affiliated organisations on July 28, 2023?

According to information obtained by Anaedoonline.ng, a few of the biggest business magnates and CEOs of prominent banks are in a panic before the investigative report is turned in to the president.

Former CBN Governor, Godwin Emefiele, Remanded in Kuje Prison

ThisNigeria reports that several bank executives and business leaders have been making “panicked attempts to contact key presidential advisors in the Villa to arrange a soft landing for them”.

Speaking on the platform, Emefiele, according to presidential sources, had identified a few bank executives as either recipients of shady payments or go-betweens who helped move the money that was being investigated.

According to one of the people who spoke with ThisNigeria, several bank executives who benefited from the Anchor Borrowers scheme and business titans who engaged in dollar round-tripping have previously accompanied the President on his visits to Saudi Arabia, the United Arab Emirates (UAE), and Paris.

According to the source, the bank executives and prominent businessmen visited the President in an attempt to prevent the Special Investigator from charging them.

Emefiele To Be Freed After The AGF Signs Non-Prosecution Plea Bargain Upon Ex-CBN Governor’s Willingness To Return N50billion

According to the source, the President washed his hands off the case because “it is a matter solely for the Special Investigator and his team, and he is unlikely to interfere.”

“They should be ready to defend their actions if called upon,” said the source.

 

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Details Of Allegations Emerge As EFCC Interrogates Ex-CBN Boss, Emefiele
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Former CBN Governor, Godwin Emefiele, Remanded in Kuje Prison

by Ikem Emmanuel
written by Ikem Emmanuel 1 minutes read

Justice Hamza Muazu of the High Court of the Federal Capital Territory, Abuja, has ordered the remand of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in Kuje prison pending the determination of his bail request. The ruling on his bail motion is scheduled for November 22.

Emefiele’s lead counsel, Mathew Burkaa SAN, moved the bail application, which was opposed by Rotimi Oyedepo on behalf of the Federal Government.

After hearing arguments from both parties, Justice Muazu stated that he needed time to study the authorities cited and examine the exhibits presented by Emefiele in support of his bail request. As a result, a bench ruling was deferred until November 22.

At present, Emefiele will remain in Kuje prison until the court makes a decision on his bail application.

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UPDATE: Emefiele Set To Regain Freedom As EFCC Takes Over Case
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Former Central Bank Governor, Godwin Emefiele, Granted Bail by FCT High Court

by Ikem Emmanuel
written by Ikem Emmanuel 1 minutes read

In a significant development, the Federal Capital Territory High Court has granted bail to the embattled former Central Bank Governor, Godwin Emefiele. This decision comes after an extended period of detention and legal proceedings.

The court ruled that Emefiele should be released into the custody of his legal counsel and should be made available for court appearances when required. As part of the bail conditions, Justice Adeniyi ordered Emefiele to deposit all his travel documents with the court’s registrar.

The ruling is seen as a significant step towards resolving the legal issues surrounding his case and ensuring that due process is followed. Further details on the case will be provided as they become available.

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UPDATE: Finally, EFCC Produces Emefiele in Court
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UPDATE: Finally, EFCC Produces Emefiele in Court (Video)

by Victor Ndubuisi
written by Victor Ndubuisi 1 minutes read

The Economic and Financial Crimes Commission (EFCC) of Nigeria has produced former Central Bank Governor Godwin Emefiele in the Federal Capital Territory High Court ahead of the hearing of his fundamental rights enforcement suit against the agency.

The EFCC’s attorney informed the court on Monday that the agency could not act on the November 2 order for his unconditional release because the former Central Bank chief’s counsel presented insufficient court paperwork pertaining to the said decision.

UPDATE: Emefiele Set To Regain Freedom As EFCC Takes Over Case

The order was issued by Justice Olukayode Adeniyi in response to an Ex-Parte motion filed by the former CBN bank Chief, who was detained by the EFCC shortly after being freed from the custody of the Department of State Services (DSS) in late October.

Emefiele’s counsel, Matthew Burkaa, informed the Court that his client had been in detention for 149 days as of Monday, and that it is now looking likely that he will be released on the 151st day, which is this Wednesday.

Watch Video Below:

 

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UPDATE: EFCC Rejects Emefiele’s Request for Overseas Medical Trip
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Former CBN Governor Godwin Emefiele Given January 25 Deadline to Explain $53 Million Judgment Debt

by Ikem Emmanuel
written by Ikem Emmanuel 3 minutes read

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been given until January 25 by the Federal High Court in Abuja to appear and explain the circumstances surrounding a $53 million judgment debt related to the Paris Club refund. The judgment creditor, Joe Agi, initiated garnishee proceedings against the CBN to recover a judgment debt of $70 million from Linas International Limited and the Minister of Finance. The CBN paid part of the debt, leaving a balance of $53 million. This development comes after Emefiele’s repeated failure to appear before the court as ordered.

Key Points
  1. Court’s Ultimatum: Justice Inyang Ekwo, presiding over the case, gave Emefiele until January 25 to personally appear in court and explain the situation regarding the $53 million judgment debt. The court warned that if he failed to appear, it would issue a warrant for his arrest.
  2. Persistent Absence: Emefiele has been repeatedly ordered to appear in court but has not done so. His counsel stated that all efforts to ensure his appearance have been unsuccessful as he is still in custody.
  3. Garnishee Proceedings: The judgment creditor, Joe Agi, initiated Garnishee proceedings to recover the judgment debt of $70 million. After the garnishee order was absolute, the CBN paid a portion of the debt, leaving a balance of $53 million.
  4. Affidavit to Show Cause: Emefiele’s lawyer informed the judge that he had filed an affidavit to show cause why an arrest warrant should not be issued against Emefiele.
  5. Custody and Contempt Proceedings: A legal officer in the Legal Department of the CBN, Jeremiah Utaan, stated in an affidavit that Emefiele had been in the custody of the Department of State Services since June 10. The judge insisted that Emefiele must appear before the court, and flouting court orders will not be allowed.
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Former CBN Governor Godwin Emefiele has been granted an extension until January 25 to appear in court and clarify the circumstances surrounding a $53 million judgment debt related to the Paris Club refund. The court’s ultimatum comes after Emefiele repeatedly failed to appear as ordered. The case highlights the importance of complying with court orders and the legal process, even for individuals in prominent positions. The court’s decision will ensure that Emefiele has an opportunity to address the matter and provide explanations as necessary.

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Court Gives Emefiele Ultimatum To Appear Over $53 Million Debt
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Court Gives Emefiele Ultimatum To Appear Over $53 Million Debt

by Victor Ndubuisi
written by Victor Ndubuisi 3 minutes read

A Federal High Court in Abuja has requested that Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), appear in court on or before January 25 to provide an explanation of the facts underlying the $53 million judgement debt resulting from the Paris Club refund.

Emefiele was given another chance by Justice Inyang Ekwo on Tuesday to appear in person in court or have an arrest warrant issued for him.

After hearing a plea from Emefiele and CBN’s attorney, Audu Anuga (SAN), the judge rendered the decision.

JUST IN: Emefiele Arrives Court For Trial

Anuga claimed that since his client was still in detention, all attempts to guarantee that he appeared in person in accordance with the court’s order had failed.

He told the judge that an affidavit providing justification for the arrest warrant should not be issued against Emefiele was filed on October 30.

Judge Ekwo then inquired as to whether the affidavit had been served to I.A. Nnana, the attorney for Mr. Joe Agi, SAN, the judgement creditor/applicant in the case.

Nnana retorted that they would like to answer after being served on Monday, nearly at the end of the workday.

The judge reminded Anuga that the case was heard on July 19 and warned him against filing paperwork after the deadline.

UPDATE: Emefiele Set To Regain Freedom As EFCC Takes Over Case

However, the senior attorney clarified that despite every attempt taken up until Friday, October 27, to guarantee Emefiele’s release per the court’s decision, the order was not followed, which is why the affidavit had to be filed.

Anuga, however, informed the court that the parties should be permitted to investigate settlement possibilities because they had already explored them and the CBN had a new governor.

Emefiele, however, was ordered by Justice Ekwo to show up on the following postponed day.

The judge said, “As for the 4th respondent (Emefiele), I have always said, contempt proceedings follow a person whether the person Is still there or not.

“In this case, I have given this particular person so much liberty, so much leniency and the situation does not seem to change.

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“I will adjourn the matter because the other side says they want to react to the process so there is not much talk.

“Order of court must be complied with and even if no one complies with the order of the court, the court must comply with its order.

“I will give you sufficient time.”

 

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