Director in the Federal Ministry of Finance, Ali Mohammed, on Tuesday, October 6, 2026, told the Federal Capital Territory, FCT High Court sitting in Maitama, Abuja, that the Ministry was not aware of the withdrawal of N124.86 billion from the Central Bank of Nigeria, CBN. Mohammed, who testified as the...
emefiele
A prosecution witness, Alvan Gurumnaan, in the ongoing trial of a former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, and Henry Omoile, over an alleged $4.5bn fraud, has told Justice Rahman Oshodi of Special Offences Court sitting in Ikeja, Lagos that Omoile did not make his...
The Economic and Financial Crimes Commission (EFCC) has sued a former Central Bank Governor, Godwin Emefiele, for allegedly stealing and unlawfully acquiring 753 housing units located at Plot 109, Cadastral Zone C09, Lokongoma District, Abuja. In the eight new counts filed at the High Court of the Federal Capital...
The Minister of Housing and Urban Development, Ahmed Dangiwa, has inaugurated a 12-member Ministerial Committee to oversee the 753-unit housing estate recovered from former Central Bank Governor (CBN), Godwin Emefiele. The estate was recently handed over to the Ministry by the Economic and Financial Crimes Commission (EFCC) following a...
A Political Economist and Development Specialist, Prof. Salisu Usman, has called for the conversion of the recovered housing estate of former CBN Governor Godwin Emefiele to Liaison Offices for the 774 Local Government Areas. Usman, in a statement on Sunday in Lokoja, said this would ensure each council has...
A presidential candidate in 2019 elections, Mr Ademola Babatunde, has advised the Federal Government to allocate the 753 duplexes recovered by EFCC from a former Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to armed forces personnel. Babatunde in a statement issued in Abuja on Thursday, urged...
The Senate Ad-hoc Committee on Ways and Means Advance has accused the Central Bank of Nigeria (CBN) of frustrating its investigation into the N30 trillion Ways and Means Advance and the Anchor Borrowers’ programme under former President Muhammadu Buhari’s administration. The committee made the accusation after receiving an interim...
An Economic and Financial Crimes Commission (EFCC) witness, , Salawu Gana on Monday, told an Abuja High Court that the contract awards for vehicles purchased by the Central Bank of Nigeria (CBN) passed due process of procurement laws. Gana, who testified as the 10th witness (PW 10) admitted that...
A Lagos-based public affairs analyst, Gbenga Ibrahim, has commended President Bola Tinubu and the Governor, Central Bank of Nigeria (CBN), Yemi Cardoso, for driving change through ongoing anti-corruption campaign in CBN. Ibrahim, in a statement on Sunday in Abuja, said that Tinubu had announced significant progress in the...
The Presidency has requested the Interpol National Central Bureau to place a Central Bank of Nigeria (CBN) staff and two others on its Red Notice. The request was in connection with their alleged conspiracy and forging of documents in the name of ex-president Muhammadu Buhari to steal the...
The former Secretary to government of the Federation (SGF), Boss Mustapha on Tuesday told an FCT High Court the document okaying the payment of 6.2 million dollars did not come from his office. Mustapha said this as a witness in the ongoing trial of suspended governor of the...
he Economic and Financial Crimes Commission (EFCC) on Monday opened its case in the trial of the suspended Central Bank Governor (CBN), Godwin Emefiele, on procurement fraud charge in an FCT High Court in Abuja. The anti-graft agency had charged Emefiele with amended 20 counts of criminal conspiracy, conferring...
By OLA MUDOPE, Lagos – The Dangote Group has expressed readiness to assist the Economic and Financial Crimes Commission (EFCC) in its investigations, following the visit of the anti-graft agency to the company’s head office in Lagos. It would be recalled that EFCC operatives on Jan. 4, embarked...
The Economic and Financial Crimes Commission (EFCC) has summoned top officials of the Dangote Group to Abuja to come along with detailed documents on foreign exchange transactions by the conglomerate covering the last nine years. Operatives of the EFCC stormed the headquarters of Dangote Industries Limited in Ikoyi,...
UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa (UBA) Plc, on Thursday December 21, hosted the 2023 edition of its annual Food Bank initiative as part of its line-up of activities to mark the festive season. The UBA Foundation Food Bank serves as a charitable event dedicated...
The Central Bank of Nigeria (CBN), has assured Nigerians that its digital currency. eNaira posed no threat to financial stability. The Director, Corporate Communications Department of CBN, Dr Isa AbdulMumin said this on Monday in Marrakech, Morocco. AbdulMumin was reacting to a recent media report that raised concerns...
The Department of State Security (DSS) has arrested Kingsley Obiora, the deputy governor of the Central Bank of Nigeria in charge of economic policy, reports Peoples Gazette. Mr Obiora has now spent four nights in custody under questioning by the security service, which has been looking into allegations...