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The Federal High Court in Lagos has issued a final forfeiture order for properties worth over N11.14 billion and N1.04 billion linked to Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN). The Economic and Financial Crimes Commission (EFCC), represented by attorney Chineye Okezie, filed a motion seeking the permanent forfeiture of…
In a recent development at the Federal Capital Territory High Court in Abuja, the immediate former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, was granted bail of N300 million. The bail decision came following Emefiele’s arraignment concerning allegations related to the illegal redesign of the naira notes. Emefiele faced accusations of…
Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has been granted bail in the sum of N50 million by a high court in Ikeja, Lagos. The decision came from Judge Rahmon Oshodi on Friday, contingent upon two sureties providing equivalent collateral. Emefiele, who is facing a 26-count charge related to official misconduct, had entered…
President Bola Tinubu has expressed his appreciation for the exemplary work conducted by Mr. Jim Obazee, the former CEO of the Financial Reporting Council of Nigeria (FRC), as the Special Investigator tasked with probing the Central Bank of Nigeria (CBN) and affiliated organizations. Appointed on July 28, 2023, to spearhead this critical national endeavor, Mr….
In a sweeping investigation targeting forex allocations during Godwin Emefiele’s tenure as Governor of the Central Bank of Nigeria (CBN), the Economic and Financial Crimes Commission (EFCC) has made its presence felt at the headquarters of Dangote Group and several other companies, a development confirmed by office staff to The Cable on Wednesday. Amidst the…
Explosive findings have surfaced concerning the redesign of Nigeria’s currency, pointing fingers at former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and key individuals close to President Muhammadu Buhari’s administration. According to Jim Obazee, the Special Investigator on the CBN and Related Entities, the naira’s recent redesign was executed without the express approval of…
The former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, faces serious allegations involving illicit financial activities, as revealed by an extensive investigation. Jim Obaze, President Bola Tinubu’s Special Investigator, brought to light startling information, stating that Emefiele orchestrated the opening of roughly 593 undisclosed bank accounts in the United States, United Kingdom, and China,…
Recent revelations have thrust the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, and his administration into the spotlight, casting a cloud of suspicion over alleged financial mismanagement during his tenure. A comprehensive investigation into financial transactions under Emefiele’s leadership has unveiled alarming discrepancies in the accounting of the “Ways and Means” funding, now…
The Abuja High Court at Maitama recently issued a significant ruling granting bail to Mr. Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN). Justice Hamza Muazu presided over the case and delivered the ruling, allowing Emefiele’s release on bail upon the payment of N300 million. Emefiele is expected to present two…
The Economic and Financial Crimes Commission (EFCC) was chastised for failing to bring former Central Bank of Nigeria Governor Godwin Emefiele before the Federal Capital Territory High Court. The court had previously ordered the EFCC to either unconditionally release Emefiele or bring him to court for a bail hearing, but the agency did not comply….