Revealed! How ex-CBN Gov., Emefiele funded 593 bank accounts, cornered $6.23m, others

Adebayo Adenrele



News reaching NEWSTODAYNG says that the former Governor of Central Bank of Nigeria, Godwin Emefiele allegedly funded 593 unauthorized foreign banks and cornered $6.23million from the vault of the apex bank.

The fraudulent cash withdrawal was said to have been under the purported approval of former President Buhari, to pay foreign election observers to monitor the 2023 general elections.

These were part of the report presented to President Bola Tinubu, tagged, ‘Report of the Special Investigation on CBN and Related Entities (Chargeable Offences)’ and led by Jim Obazee, the special investigator.

Others state that Emefiele made a gross financial misconduct with at least 13 other individuals, including his Deputy Governors.

Emefiele was said to also have £543.4 million in his fixed deposit and manipulated Naira exchange rate in the e-Naira project of the CBN.

Other high points include: “The Naira Redesign was neither recommended by the Board of the CBN nor approved by the then President.

“The CBN printed the new N200, N500, N1,000 notes at a total cost of N61.5 billion out of which N31.8 billion has been paid to the Contractor.

“The sum of N1.73 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 N26.627 trillion.

“Fraudulent intervention programmes and Fraudulent expenditures on COVID-19.

“Misrepresentation of presidential approval on the NESI Stabilization Strategy Ltd.

“Padding of former president Buhari’s approval with N198.96 billion – approximating N801.04 billion to N1 trillion.

“No approvals are received from the former president and yet N500 billion was taken and debited to Ways & Means.

“Former CBN Governor and 4 Deputies connived to steal outrightly in order to balance the books of the CBN.

“No approval for the breakdown of N22.72 trillion presented to the 9th National Assembly to illegally securitize the “Ways & Means” financing.”