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Nigeria’s Economic and Financial Crimes Commission (EFCC), on Wednesday, May 15, arraigned the immediate past Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for allegedly approving the printing of N684.5m at the rate of N18.96bn. When the four-count charge was read to him, at the FCT High Court, Abuja, the embattled former CBN […]
Continue ReadingNigeria’s Economic and Financial Crimes Commission (EFCC) has filed a fresh charge against Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN). In the four-count charge, the anti-graft agency accused Emefiele of approving the printing of N684,590,000 naira notes at the rate of N18.96 billion. The commission is alleging that Emefiele broke the […]
Continue ReadingNigeria’s Economic and Financial Crimes Commission (EFCC) will on Monday, April 8, 2024, arraign the embattled former Central Bank of Nigeria governor, Godwin Emefiele at the Ikeja State High Court in Lagos for alleged abuse of office over allocation of billions of United States dollars. Emefiele alongside his co-defendant, one Henry Isioma Omole, will be […]
Continue ReadingA few hours after Godwin Emefiele, the then Governor of the Central Bank of Nigeria (CBN) was suspended by President Bola Ahmed Tinubu on June 10, 2023, he was arrested with a vengeance by the operatives of the Department of State Services (DSS), his case later transferred to the Economic and Financial Crimes Commission and was only released on […]
Continue ReadingImmediate past governor of Nigeria’s Central Bank, Mr. Godwin Emefiele allegedly used proxies to acquire an old generation bank, the Special Investigator on the Central Bank of Nigeria (CBN), Mr Jim Obaze has said. In his report, submitted to President Bola Tinubu on December 20, Obaze detailed how a second generation bank was acquired in […]
Continue ReadingFormer Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been released from the Kuje Correctional Centre after meeting up with his bail condition.. It was learnt that Emefiele was released on Friday, December 22 2023 after perfecting his bail. The spokesperson for the Kuje Correctional Centre, FCT, Adamu Duza, confirmed the development […]
Continue ReadingNigeria’s High Court sitting in the Federal Capital Territory, Abuja, Nigeria, has ordered that the ex-Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, who is standing trial on procurement fraud, be remanded in the Kuje Correctional Centre pending the determination of his bail request. The trial which had been stalled on three occasions finally […]
Continue ReadingNigerian government, on Tuesday, applied to withdraw the charge of illegal possession of firearms pending against the suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Director of Public Prosecutions (DPP) at the Federal Ministry of Justice, Mohammed Bakodo Abubakar, who approached the federal high court in Ikoyi, Lagos with an oral application […]
Continue ReadingNigerians on Twitter (X) have demanded that Buhari and former Central bank of Nigeria (CBN) governor, Godwin Emefiele be imprisoned for reportedly using Nigeria’s foreign reserve secretly as collateral for loans The CBN owes JP Morgan and Goldman Sachs a combined sum of $7.5 billion as of the financial year ending December 2022. Also included […]
Continue ReadingLast week, the Department of State Services created some embarrassment for Nigeria with the show of shame it displayed at the Federal High Court in Lagos State. And sadly, it was obvious that the DSS had the blessing of President Bola Tinubu, because there was no statement from the presidency condemning that act, neither was […]
Continue ReadingWhen you think you have seen it all in our dearly beloved country, you realise you ain’t seen nothing yet. Every day, we keep coming up with the silliest of things. The spectacle at the federal high court, Ikoyi, Lagos, on Wednesday, July 25, wherein officials of two government agencies openly re-enacted a scene from […]
Continue ReadingOfficials of the Nigerian Correctional Service (NCS) and operatives of the Department of State Services (DSS), on Tuesday, fought over the custody of suspended Governor of the Central Bank of Nigeria Currently suspended governor of the Central Bank of Nigeria (CBN), Nigeria’s once-powerful central bank chief was charged with illegally owning a shotgun and hundreds […]
Continue ReadingAfter a long detention and massive condemnations by Nigerians, the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has finally been arraigned for illegal possession of firearm and ammunition. Emefiele arrived at the Federal High Court sitting in Ikoyi, Lagos for his arraignment on two counts charges. He was brought to court by officials […]
Continue ReadingFormer Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, took a very big gamble last year by seeking the presidential ticket of the ruling All Progressives Congress (APC) while still in office. He raised the stakes even higher with a Naira redesign policy that was either not well thought-out or done with malicious intent. Incidentally, a […]
Continue Reading“The man is in the hands of the authorities. Something is being done about that. They will sort themselves out.The financial system was rotten. Few people were making away with our money…that is gone now; the man (Emefiele) is in the hands of the authorities,”-President Bola Ahmed Tinubu The extant grooming of the Nigerian public […]
Continue ReadingThe Batá is a Yoruba drum that is in a class of its own. It used to be highly venerated in social and political circles as its percussion impacted virtually all spheres of life. It is a double-faced drum shaped by its crafters to look like an hourglass, with one end of it bigger than […]
Continue ReadingIn the end, we realise that nothing really belongs to us; not power, not life. Power is fragile; it can also be deadly. It shares properties with candle flames. I take this idea from Brandon Sanderson, author of ‘The Way of Kings.’ Sanderson thinks the lives of men are as brittle and lethal as candle […]
Continue ReadingGovernments of Kaduna, Kogi and Zamfara States have filed a contempt proceeding against the Attorney General of the Federation (AGF), Abubakar Malami SAN and the Governor of Central Bank of Nigeria (CBN) Godwin Emefiele for their alleged failure to comply with the Supreme Court order extending the deadline for the use of old N200, N500 […]
Continue ReadingA High Court of the Federal Capital Territory, Abuja, Nigeria, has restrained the President, Muhammadu Buhari, CBN, its Governor Godwin Emefiele and 27 commercial banks from suspending, stopping, extending or interfering with the currency swap terminal date. The order was handed down on Monday by Justice E. Enenche following an application by four political parties. […]
Continue ReadingGodwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has appeared before the house of representatives ad hoc committee investigating the redesign and swap policy of some Naira notes. Last week, the Speaker of the House of Representatives, Femi Gbajabiamila, had threatened to invoke the provisions of section 89(1)(d) of the Constitution by […]
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