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EFCC releases details of 18 fresh multi-million-dollar corruption against Emefiele

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The Economic and Financial Crimes Commission (EFCC) has released details of 18 out of the 26 fresh multi-million-dollar and naira corruption
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The Economic and Financial Crimes Commission (EFCC) has released details of 18 out of the 26 fresh multi-million-dollar and naira corruption charges preferred against the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

Emefiele who is presently in the custody of the EFCC and Henry Isioma Omoile, were arraigned at the Special Offences Court sitting in Ikeja, Lagos, on Monday by the EFCC on 26 fresh counts.

According to SaharaReporters,  Emefiele and Omoile will be arraigned on another charge in Abuja between April 25 and 26, 2024, according to his lawyer.

The Lagos State High Court sitting in Ikeja on Monday adjourned the ruling on the bail application filed by Emefiele.

The PAPERS had reported how Emefiele arrived at the court for his arraignment on Monday morning over alleged abuse of office.

18 charges details

According to the EFCC, out of the 26 counts against Emefiele and Omoile, 18 are directly related to the former apex bank governor.

According to the anti-corruption agency, details of the 18 fresh count charges against the former CBN Governor include “Allocating forex of $2,136,391,737.33 without bid; allocating forex of $291,945,785.59 without bid; Abuse of office by special allocating of forex of $1,769,254,793.16; Abuse of office by special allocating of forex of $370,872,893.01; Corruptly received $26,552,000 from NIPCO Plc; Corruptly received $740,000 from NIPCO Plc.

Other charges against Emefiele

Other charges against the former CBN Governor include that he “Corruptly received $2,410,000 from Raja Punjab on account of forex to his employer; Corruptly received $6,320,000 from Raja Punjab on account of forex to his employer; Corruptly received $7,720,000 from Raja Punjab on account of forex to his employer; Corruptly received $850,000 from Raja Punjab on account of forex to his employer; Corruptly received $400,000 from Source Computer Ltd as kickback for contract award.”

Others include that he “Corruptly received $200,000 from Source Computer Ltd as kickback for contract award; Confer corrupt advantage on his associate, Limelight Multidimensional Services Ltd to the tune of N900,216,324.21; Confer corrupt advantage on his associate, Limelight Multidimensional Services Ltd to the tune of N1,060,030,249.42; Confer corrupt advantage on his associate, Comec Support Services Ltd to the tune of N149,001,009.7

Also, the fresh charges filed include that Emefiele “Confer corrupt advantage on his associate, Comec Support Services Ltd to the tune of N151,168,458.73; Confer corrupt advantage on his associate, Adswin Resources Solution Ltd to the tune of N398,031,732.32; Confer corrupt advantage on his associate, Adswin Resources Solution Ltd to the tune of N204,992,739.51.”

However, the former CBN governor pleaded not guilty to the charges filed against him by the EFCC.

 

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HEAD MUST ROLL… Emefiele to name publishers who benefited from CBN looting

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The ongoing legal process involving former Central Bank of Nigeria chairman, Godwin Emefiele, regarding large sums of money in naira and
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The ongoing legal process involving former Central Bank of Nigeria chairman, Godwin Emefiele, regarding large sums of money in naira and dollars may implicate well-known figures in the newspaper industry. An anti-corruption agency is poised to investigate various financial dealings of media organizations in Nigeria.

A source told ThePAPERS that Emefiele is not happy with the way some newspaper outlets have been reporting his arraignment and this could lead to revealing certain newspaper publishers who had profited from the embezzlement of funds from the Central Bank of Nigeria during the administrations of former presidents Goodluck Jonathan and Mohammadu Buhari.

Additionally, the Economic and Financial Crimes Commission (EFCC) has reportedly looked into individuals linked to these transactions.

As the investigation progresses, there is growing concern among certain media personalities who are rumored to be involved in the transactions.

The Economic and Financial Crimes Commission (EFCC) has arraigned the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on a fresh four-count…

Meanwhile, the Economic and Financial Crimes Commission (EFCC) has arraigned the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on a fresh four-count charge of printing N684.5 million notes with the sum of N18.96 billion.

Emefiele was arraigned before Maryann Anenih, judge of a Federal High Court in Abuja, the nation’s capital, and pleaded not guilty to all the counts.

In the four-count charge filed against him, the EFCC alleged that Emefiele breached the order of the court with intent to harm during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.

According to the anti-graft agency, the ex-CBN governor “disobeyed the direction of law with intent to cause injury to the public” by approving the printing of naira notes without “strict approval” from Buhari and the CBN board.

The EFCC further stated that Emefiele was accused of approving the withdrawal of N124.8 billion from the consolidated revenue fund “in a manner not prescribed by the national assembly”.

The charges filed against him are:

“That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of N375,520,000.00 pieces of colour swapped N1, 000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence” .

“That you, GODWIN IFEANYI EMEFIELE, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes, at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

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‘Focusing only on Tinubu will allow governors to steal more’

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The Catholic Archbishop of Lagos, Alfred Adewale Martins, has charged civil society and other Nigerians with demanding that lower tiers of
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The Catholic Archbishop of Lagos, Alfred Adewale Martins, has charged civil society and other Nigerians with demanding that lower tiers of government (state and local) account for the allocations they receive.

Martins gave the charge in an interview in Lagos. He said searchlights should be beamed on the local and state governments as they collected the larger budgetary allocations.

He said the subsisting approach of always focusing on the federal government for virtually everything was misleading and mostly ended in open-ended probes.

According to the cleric, the local and state governments receive votes from the centre for varying projects and services, which, if accomplished, will benefit the people.

Martins said, “But sadly, these projects and services are mostly not carried out or executed. If we continue to concentrate attention only on the centre, it will give the public officials at the lower levels room to continue to swindle and loot public treasuries.

“But when stakeholders ask questions on how resources are being expended, it will make the managers sit up and execute programmes and services as required.

“They are our leaders and representatives, so the conventional terms of the social contract reached with the leaders during electioneering should be seen to be upheld.”

The cleric urged the numerous civil groups in the society to lead in this call for others to follow. He noted that focusing only on Abuja had been the practice with no significant outcome.

He also decried the economic challenges people faced due to unpopular policy drives and called on civil society organisations to change their tactics and demand stewardship from local council leadership.

The cleric frowned upon the level of disconnect between the people and the government, adding that the best place to start to demand good governance and accountability was for the government to be closer to the people.

(NAN)

 

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Niger Speaker stops wedding plans for 100 orphans

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The Speaker of the Niger State House of Assembly, Abdulamlik Sarkindaji, has stopped the planned hosting of the wedding of 100 orphan
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The Speaker of the Niger State House of Assembly, Abdulamlik Sarkindaji, has stopped the planned hosting of the wedding of 100 orphan girls in his constituency, saying he would not grace the occasion.

Sarkindaji took the decision following the action of the Women Affairs Minister, Uju Ohannaya, who dragged the Speaker to court to halt the wedding.

The Speaker made this known on Tuesday during a media briefing in which he said the minister had overstepped her bounds.

He said the minister should take over the sponsorship of the wedding ceremony.

The Speaker disclosed that he had already made funds available to the girls’ parents through the traditional leaders and clerics of his constituency, noting that he would not withdraw the funds.

Abdulmalik also pointed out that his motive for wanting to sponsor the wedding was the state of poverty of the girls’ parents and not the constituency project, as reported in the media.

Details later…

 

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NiMet, Financial Reporting Council to collaborate in promoting sustainability practices

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Officials of the Nigerian Meteorological Agency (NiMet), and the Financial Reporting Council (FRC) of Nigeria, have met to discuss
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Officials of the Nigerian Meteorological Agency (NiMet), and the Financial Reporting Council (FRC) of Nigeria, have met to discuss areas of partnership towards improving sustainability practices by corporate organizations in Nigeria.

During a courtesy visit on the Executive Secretary and Chief Executive Officer of FRC in Abuja, Dr. Rabiu Olowo, on Monday, 13th May, 2024, the Director General, Chief Executive Officer of NiMet, Professor Charles Anosike said; “Climate change is fast becoming a priority for financial regulators. The work we do at NiMet through our weather and climate reports are the foundation for sustainability practices. This partnership will enable NiMet and FRC to jointly develop capacity”.

While welcoming the NiMet team, Dr. Olowo said; “There are opportunities for alignment between NiMet and FRC in fulfilling the core mandates of the two agencies, especially in the areas of sustainability reporting, climate risks and opportunities. Although we are championing sustainability reporting, FRC is also promoting sustainable practices among Nigerian organizations”.

Some directors and senior staff of the two agencies were present during the courtesy visit.

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N4.135 bn fraud: Court grants Sirika, daughter, two others N400m bail 

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A Federal High Court in Abuja has granted ₦100m bail each to a former Minister of Aviation Hadi Sirika, his daughter and two others.
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A Federal High Court in Abuja has granted ₦100m bail each to a former Minister of Aviation Hadi Sirika, his daughter and two others.

They are being tried over an alleged fraud to the tune of ₦N4.135 bn.

According to the court, they are also to provide two sureties who must have landed properties in Abuja. The sureties, the court said, must also be responsible citizens.

The sureties must depose to an affidavit of means. The court also restricted the defendants from traveling abroad without its permission.

Justice Oriji ordered that the defendants should be remanded in prison custody if they failed to meet their bail conditions.

The sureties must own landed properties within the FCT with valid titles. The trial will commence on the 10th, 11th and 20th of June.

Details Shortly…

 

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EFCC to arraign Sirika, daughter over fresh N2.7 billion contract scam

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A Federal High Court in Abuja has granted ₦100m bail each to a former Minister of Aviation Hadi Sirika, his daughter and two others.
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The Economic and Financial Crimes Commission (EFCC) will arraign a former Aviation Minister, Hadi Sirika, before Justice Sylvanus Oriji of the High Court of the Federal Capital Territory, FCT, Maitama on Thursday, May 9, 2024.

Sirika, who served under former president Muhammadu Buhari, would be arraigned on six amended charges.

The former minister will be arraigned alongside three others, including his daughter, Fatima; Jalal Hamma and Al-Duraq Investment Ltd, for abuse of office to the tune of N2.7 billion.

As part of EFCC investigations into the financial malfeasance allegedly committed by the former minister, “including fraudulent contracts awarded by the ministry under his watch, had on April 23 detained him in Abuja’’.

Sirika was invited by the Abuja Zonal Command of the commission on the alleged contract malfeasance and was promptly interrogated and detained at the Formella Street, Wuse 2 Zonal office of the Commission.

“The former minister (Sirika) was invited for questioning by investigators handling the alleged contract frauds under his watch in the ministry.

“He honoured the invitation and has been detained as I am talking with you,” an EFCC source said on the condition of anonymity.

The source also said that EFCC had been investigating the alleged contract frauds while the minister was in office, and he had even met with investigators before he was detained.

The arraignment was earlier slated to hold on Tuesday but due to EFCC prayer to amend the charge, a new date was given.

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