Godwin Emefiele, the former Central Bank of Nigeria (CBN) Governor, unlawfully placed billions of naira across 593 bank accounts in the United States, United Kingdom, and China.
According to Jim Obaze, President Bola Tinubu’s Special Investigator, Emefiele initiated these accounts without proper consent from the CBN’s Board of Directors and Investment Committee.
Obaze further revealed that Emefiele deposited 543,482,213 naira into fixed deposits solely within UK banks, a move executed without authorisation.
This was contained in Obaze’s final report tagged, ‘Report of the Special Investigation on CBN and Related Entities (Chargeable offences)’ submitted to Tinubu.
The report reads partly: “The former governor of the CBN invested Nigeria’s money without authorisation in 593 foreign accounts in the United States, China and the United Kingdom while he was in charge.
“All the accounts where the billions were lodged have all been traced by the investigator, In the UK alone, Emefiele kept £543,482, 213 in fixed deposits without authorization by the CBN board and the Investment Committee of the bank.”
The ex-CBN governor is presently detained in Kuje prison following his arraignment by the Nigerian Government on charges of purported N1.2 billion procurement fraud.
Although the High Court of the Federal Capital Territory (FCT) had offered him bail set at N300 million, he was unable to fulfill the bail conditions.
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