Former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, on Monday, appeared before the Special Offences Court in Lagos, where the Economic and Financial Crimes Commission (EFCC) presented 26 charges of fraud and corruption against him. PREMIUM TIMES reported that Mr Emefiele pleaded not guilty to all the fresh charges, marking the beginning of the … Read more
Former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has arrived at the Lagos State High Court, Ikeja, on Monday in his ongoing trial by the Economic and Financial Crimes Commission (EFCC). He is being arraigned before Justice Rahman Oshodi for abuse of office bordering on alleged irregular allocation of billions of US … Read more
The Economic and Financial Crimes Commission (EFCC) has filed fresh charges, including alleged fraudulent foreign exchange allocation of $2 billion, against former Central Bank of Nigeria (CBN) Governor Godwin Emefiele. In the fresh 26-count charge filed at the Lagos State High Court in Ikeja, the anti-graft agency said Mr Emefiele while being CBN governor arbitrarily … Read more
A prosecution witness, on Monday, detailed how former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, who who is standing trial on fraud and corruption charges, allegedly awarded 45 contracts, cumulatively worth billions of naira, to family members, including his wife, Margaret Emefiele, and associates. Agboro Michael, an ICPC investigator, identified April 1616 Investment Limited, … Read more
Senate considers term of six years for CBN governor and deputies Barely five months after two senators proposed separate bills to bar governors and deputy governors of CBN from participating in politics, another lawmaker is seeking to amend the CBN Act to limit the tenure of the bank chiefs to a single non-renewal term of … Read more
The sum of $4.5 billion cannot be accounted for in Nigeria’s Foreign Reserves between 2018 and 2019, an audit report of the Office of the Auditor-General of the Federation (OAuGF) has revealed. The annual audit report details the expenditures and finances of the government’s ministries, departments, and agencies within a financial year. According to the … Read more
A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has described Godwin Emefiele as “the worst CBN Governor” in the nation’s history. In a series of tweets on Saturday, Mr Moghalu provided an assessment of Mr Emefiele’s tenure, shedding light on various critical areas of concern. He cited Mr Emefiele’s failures in … Read more
