The Central Bank of Nigeria (CBN) Investigator, Jim Obaze has discovered that the former apex bank governor, Godwin Emefiele allegedly committed 17 major infractions.
The infractions, according to StatiSence on its X handle @StatiSence, the infractions include:
- Unauthorized funded 593 bank accounts located in the UK, US, and China
- Fraudulent cash withdrawal of $6.23 million from CBN vault under a purported approval of the president to pay foreign election observers
- Gross financial misconduct by Ex CBN Governor and at least 13 other individuals, including his Deputy Governors
- £543.4 million kept in fixed deposit by Mr. Emefiele
- Manipulation of the Naira exchange rate and perpetration of fraud in the e-Naira project of the CBN
- The Naira Redesign was neither recommended by the Board of the CBN nor approved by the then President
- The CBN printed the new ₦200, ₦500, ₦1,000 notes at a total cost of ₦61.5 billion out of which ₦31.8 billion has been paid to the Contractor
- The sum of ₦1.73 billion was spent on questionable legal fees on 19 cases that are directly traceable to the Naira Redesign and reconfiguration agenda
- £205,000 was paid to a UK Firm for Naira Redesign effort – positioning of watermark, presence of QR codes, different numbering style, and other complex security features
- Fraudulent use of Ways & Means to the tune of ₦26.627 trillion
- Fraudulent intervention programmes
- Fraudulent expenditures on COVID-19
- Misrepresentation of presidential approval on the NESI Stabilization Strategy Ltd.
- Padding of former president Buhari’s approval with ₦198.96 billion – approximating ₦801.04 billion to ₦1 trillion
- No approvals are received from the former president and yet ₦500 billion was taken and debited to Ways & Means
- Former CBN Governor and four Deputies connived to steal outrightly in order to balance the books of the CBN
- No approval for the breakdown of ₦22.72 trillion presented to the 9th National Assembly to illegally securitize the “Ways & Means” financing
Veteran journalist and recipient of A.B.C Yola, Reporter of the Year Award (1997), Hassan Umar Shallpella, works with WAP as a Regional Correspondence. He was trained at Institute of Mass Communication and Technology Jos and Federal Radio Corporation of Nigeria, Training School Lagos.He was a News desk Editor and a Correspondent at the Punch newspaper and till 2019, was the Deputy Editor ofThe Scope newspaper.
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