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EXCLUSIVE: More Troubles For Emefiele as FG Uncovers Fresh N3Trillion

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Godwin Emefiele

A fresh revelation from the investigative committee set up by President Bola Tinubu has revealed that former Central Bank Governor, Godwin Emefiele stole N3 trillion from two projects alone.

 

Top sources privy to the findings made by the committee said that the whopping amount was made from COVID loans and the Anchor Borrowers’ Programme Fund alone.

In July, Tinubu appointed a special investigator to probe the apex bank.

In a letter dated July 28, 2023, the president named the Chief Executive Officer of the Financial Reporting Council of Nigeria, Jim Obazee, as the special investigator.

The President asked Obazee to investigate CBN and key Government Business Entities. The committee only reports to the President.

The appointment of Obazee came over a month after Tinubu suspended Emefiele as the CBN governor.

Shortly after his suspension in June, Emefiele was arrested and taken into custody by Nigeria’s secret police, the Department of State Services (DSS).

Sources told SaharaReporters that Obazee’s investigative committee found out that Emefiele stole N3 trillion from the two projects, among other atrocities committed as the head of the apex bank.

“A fresh revelation from the committee set up by Tinubu to look into how Emefiele mismanaged the CBN shows that he practically stole N3 trillion from those two projects alone,” one of the sources said.

In addition, Obazee’s committee was pushing to have an interim report submitted to President Tinubu soon so that he would understand how grave and massive corruption at the CBN under Emefiele.

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“Obazee’s committee is pushing to have an interim report submitted to Tinubu as a way of letting him understand the gravity of Emefiele’s financial crimes and how bad it set Nigeria’s finances back.

“The committee is asking that they should be allowed to submit an interim report so as to stop any attempt by Emefiele and the Attorney General of the Federation’s office to settle his case on the basis of N50 billion refund plea bargain as earlier exposed by SaharaReporters,” one of the sources said.

In his nationwide broadcast on Sunday morning as part of the programme of events to mark Nigeria’s 63rd Independence anniversary celebration, President Tinubu confirmed that findings on past lapses in the apex bank would soon be out.

In his address, Tinubu said, “I pledged a thorough housecleaning of the den of malfeasance the CBN had become. That housecleaning is well underway.”

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