The list of corruption activities and misappropriations allegedly committed by the former Central Bank of Nigeria (CBN), Godwin Emefiele has been released.
The long list has left Nigerians wondering if Emefiele would ever be able to escape the wrath of the law.
The special investigator appointed by President Bola Tinubu to probe CBN activities under Emefiele, Jim Obazee, published the list in a comprehensive report submitted to the president.
The list provided detailed evidence of the alleged mismanagement of funds and authorized withdrawal from the CBN vault, among others.
Here are the corruption activities uncovered by the CBN investigator:
— Unauthorized funded 593 Bank accounts located in the UK, US, and China
— Fraudulent cash withdrawal of $6.23 million from CBN vault under a purported approval of the president to pay foreign election observers
— Gross financial misconduct by Ex CBN Governor and at least 13 other individuals, including his Deputy Governors
— £543.4 million kept in fixed deposit by Emefiele
— Manipulation of the Naira exchange rate and perpetration of fraud in the e-Naira project of the CBN
— The Naira Redesign was neither recommended by the Board of the CBN.
It was also not approved by former President Muhammadu Buhari but by Sabiu Tunde.
More Fraud
— The CBN printed the new ₦200, ₦500, ₦1,000 notes at a total cost of N61.5 billion out of which ₦31.8 billion has been paid to the Contractor
— The sum of ₦1.73 billion was spent on questionable legal fees on 19 cases.
This cases are directly traceable to the Naira Redesign and reconfiguration agenda
— £205,000 was paid to a UK Firm for Naira Redesign effort – positioning of watermark, presence of QR codes, different numbering style, and other complex security features
— Fraudulent use of Ways & Means to the tune of ₦26.627 trillion
— Fraudulent intervention programmes and unauthorized transfers and donations to various individuals and organizations
Others
— Alleged mismanagement of approximately ₦1.622 trillion in COVID-19 intervention funds
— Misrepresentation of presidential approval on the NESI Stabilization Strategy Ltd.
— Padding of former president Buhari’s approval with ₦198.96 billion – approximating ₦801.04 billion to ₦1 trillion
— No approvals were received from the former president, and yet ₦500 billion was taken and debited to Ways & Means
— Former CBN Governor and 4 Deputies connived to steal outrightly to balance the books of the CBN
— No approval for the breakdown of ₦22.72 trillion presented to the 9th National Assembly to illegally securitize the “Ways & Means” financing
