An investigator, while testifying on Monday, told the trial court that Mr Emefiele's wife's firm started enjoying contract patronage from...
EXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalFood security: The Bago challenge, By Dakuku PetersideEXCLUSIVE: Northern senators move against Akpabio over alleged N4trn budget paddingClimate change, extreme weather, conflict exacerbate global food crisisHow to stay constantly motivated, By Sunday AdelajaAn investigator, while testifying on Monday, told the trial court that Mr Emefiele's wife's firm started enjoying contract patronage from the...
He is being prosecuted on amended 20 counts of conferment of corrupt advantages, conspiracy, criminal breach of trust, forgery and obtaining by false pretence to the tune of $6.23 million.Led in evidence by the prosecution counsel, Oyedepo Rotimi, Mr Michael said he alongside investigators from sister agencies interrogated Mr Emefiele in the course of investigating his activities as the head of the central bank.
“The company began enjoying CBN patronage after the defendant’s appointment as CBN governor,” Mr Michael said. “We discovered that the company before Emefiele’s appointment at CBN, though in existence, had never had any contractual dealings with the CBN until his appointment.“Also, we discovered that the name of his wife was stated as Margaret Omoile despite the fact that she was married to Emefiele.Omoile is Magaret Emefiele’s maiden surname.
After over three hours of leading evidence through the ICPC investigator, Mr Oyedepo, a Senior Advocate of Nigeria and prosecutor, tendered several documents as exhibits. In his response, the witness listed the Tenders Board, Contract Approval Council, and Committee of Board of Governors as the three CBN bodies that process contract bids received by the bank.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former President Buhari and CBN Governor Emefiele Approved N2.9 Billion Cash Payment for 2023 ElectionsA witness testified that former President Buhari, former CBN Governor Emefiele, and SGF Mustapha approved a cash payment of N2.9 billion for the observance of the 2023 general elections. The witness, a top CBN official, provided this information in the trial of Emefiele who is facing charges of corruption and fraud.
Read more »
Former CBN Governor Threatens to Sue Nigerian Senate President over DefamationFormer governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, through his legal team, has threatened to sue President of the Nigerian Senate, Godswill Akpabio over alleged defamation. Emefiele would demand N25 billion in damages from the Senate President if he fails to apologise, according to his solicitors.
Read more »
Bandits Kill Six, Kidnap Retired CBN Director in KadunaSuspected bandits invaded Kwassam and Sabon Layi Kan Makama communities in Kauru Local Government Area of Kaduna State, killing six residents, while scores, including a retired director of the Central Bank of Nigeria, were kidnapped.
Read more »
CBN urged to strengthen monetary policy frameworkThe Central Bank of Nigeria (CBN) is urged to strengthen its monetary policy framework by resuming regular Monetary Policy Committee meetings to ensure financial market stability and boost investor confidence. It is argued that a unified and nationalistic approach is essential to halt the decline of the naira. Defending the naira is not just an economic concern, but a moral obligation for all citizens.
Read more »
CBN threatens sanctions over late filing of monthly returns“You are strongly advised to ensure timely rendition of all regulatory returns as future breaches shall be sanctioned,' the CBN said.
Read more »