In a shocking revelation, it has been alleged that former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, operated a staggering 593 illegal bank accounts in the United States, United Kingdom, and China, collectively holding billions of naira. Special Investigator Jim Obaze brought these startling findings to light, disclosing unauthorized transactions amounting to £543,482,213 in the UK alone.
Emefiele, who is currently held in the Kuje Custodial Centre on charges related to a N1.2 billion procurement fraud, now faces additional legal troubles tied to the CBN naira redesign policy. The investigation suggests that Emefiele, along with former President Buhari’s aide Tunde Sabiu and 12 CBN directors, could be prosecuted for the alleged illegal issuance of currency.
The unauthorized naira redesign initiative, reportedly awarded to the UK-based company De La Rue for £205,000 without proper approval, raises concerns about transparency and adherence to legal procedures. The probe further uncovers allegations of fund misuse, including the fra¥dul£nt use of N26.627 trillion in Ways and Means and mishandling of the COVID-19 intervention fund.
The investigation also reveals that legal fees totaling N1.7 billion were spent on questionable cases related to the naira redesign policy. Emefiele is accused of misrepresenting presidential approval for the NESI Stabilisation Strategy Limited, leading to the alleged theft of N1.325 billion.
The comprehensive probe goes on to implicate Emefiele in the alleged manipulation of the naira exchange rate, fra¥dulEnt implementation of the e-naira project, and the exemption of three foreign firms from income tax.
Among the serious allegations is the strange illegal withdrawal of $6.23 million from the CBN vault, reportedly facilitated with a forged presidential letter. The unfolding saga raises significant concerns about financial governance during Emefiele’s tenure as the head of the CBN.
Emefiele’s legal team is yet to respond to the latest revelations. As the former CBN governor faces an array of charges, the ongoing legal proceedings are expected to reshape the narrative surrounding one of Nigeria’s most prominent financial figures. Stay tuned for further developments in this unfolding story.