Godwin Emefiele, Governor of the Central Bank of Nigeria, has once again confirmed the authenticity of a report by SaharaReporters revealing that Emefiele and other top officials of the apex bank connived to conceal the N500 billion-scandal rocking the bank. SaharaReporters had in May 2019 made public a phone conversation of Emefiele; his deputy, Edward Lametek Adamu; Director for Finance Dayo M. Arowosegbe including one of the Special Advisers to the CBN Governor, Emmanuel Ukeje discussing how to cover up the loss of over N500 billion stolen from the CBN…
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COURT ARRAIGNS WHISTLEBLOWER WHO EXPOSED CBN GOVERNOR
George Uboh, Chairman of George Uboh Whistleblowers Network (GUWN), has been arraigned during the week for exposing financial misappropriation by Godwin Emefiele, Governor of the Central Bank of Nigeria. Uboh was arraigned at the Federal High Court, Abuja on a two-count charge of disseminating false information about the CBN Governor. Meanwhile, Uboh was the first to file a suit against Emefiele. In a case with the Suit No: FHC/ABJ/CS/419/2019 which has Uboh as the sole plaintiff and Godwin Emefiele, the senate president, the senate, Federal Republic of Nigeria and the President…
Read MoreDESPITE PROTESTATIONS, EMEFIELE BEGINS SECOND TERM AS CBN GOVERNOR
Despite all protestations including allegations of a 500billion fraud, the powers that be simply turned a blind eye and asked him to.continue in office. Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele Monday commenced his second term in the position. This followed the confirmation of his re-appointment as Governor by the Senate on May 16, 2019. Emefiele formally assumed duty after subscribing to the relevant Oath of Office administered by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs. Alice Karau. Emefiele, who was received into the Bank…
Read MoreBANKS LOANED 12TRILLION FROM CBN IN 6MONTHS
Central Bank of Nigeria (CBN) Liquidity problems with Nigerian banks have persisted as the last six months have not been easy. The trend of tushing to CBN for cash continues. The nation’s Deposit Money Banks have made frequent visits to the facilities’ window of the Central Bank of Nigeria (CBN) in the last six months, resulting to N12.09 trillion borrowings. Meanwhile, CBN Governor, Godwin Emefiele, would kick off his second term in office tomorrow, having earlier been confimrmed by the National Assembly. He is now expected to roll out new…
Read MoreCBN GOVERNOR SPEAKS ON MULTIPLE FOREIGN EXCHANGE RATE
Godwin Emefiele THOSE accusing the Central Bank of Nigeria (CBN) of operating multiple foreign exchange (forex) rates are wrong, CBN Governor Godwin Emefiele has said. What obtains are multiple foreign exchange (forex) windows, Emefiele said. The CBN boss spoke at the University of Ibadan (UI) Distinguished Leadership Lecture Series, organised by the university in collaboration with the apex bank in Ibadan. The multiple forex windows ensures that forex reaches critical sectors of the economy, he added. Emefiele noted that the naira exchange rate had substantially converged around N360/$1, whether it…
Read MorePRIVATE INVESTIGATOR LANDS IN PRISON AFTER EMEFIELE’S DEFAMATION SUIT WHILE CBN GOVERNOR IGNORES SUMMONS ON MISSING 500BIL CBN MONEY
Godwin Emefiele, governor of the Central Bank Of Nigeria(CBN), has filed a defamation suit against George Uboh, the chairman of George Uboh Whistleblowers Network (GUWN). The suit is coming on the heels of the bail granted George Uboh on Friday by the Chief Magistrate of the Upper Area Court sitting in Zuba, a suburb of the Federal Capital Territory, Abuja. The bail did not materialize, however, because no sooner had he been granted bail as regards the Ned Nwoko allegations than the police prosecution pressed another charge, brought by Emefiele,…
Read MoreSENATE CONFIRMS EMEFIELE AS CBN GOVERNOR, SEE WHAT THEY CONCLUDED ON THE 500BIL FRAUD
The Nigeria Senate has reacted to the allegations of stolen N500 billion at the Central Bank of Nigeria (CBN). The Senate Committee on Banking, Insurance and other Financial Institution dismissed the allegations on Wednesday at plenary. This was as Governor of the CBN, Godwin Emefiele appeared before the committee for screening and confirmation for second term. Igbere TV reports that Chairman of the Committee, Rafiu Ibrahim, said the allegations were targeted at bringing down the CBN governor. Our National Assembly correspondent reports that the committee, thereafter, approved a second term…
Read MoreABUJA LAWYER ASKS SENATE TO DENY EMEFIELE CONFIRMATION FOR SECOND TERM, SEE HIS SERIOUS ALLEGATION
A legal practitioner, George Uboh, has gone to court to stop plan by the federal government to extend the appointment of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The financial recovery agent, in a suit brought before the Federal High Court, Abuja division, said the federal government cannot ask the Senate to confirm Emiefele’s reappointment when a matter challenging his stewardship had not been decided. In an affidavit deposed to by Martin Okoye, a lawyer at the chambers of the applicant’s counsel, JohnMary Jideobi, the applicant…
Read MoreRELEASED AUDIO TAPE: SENATE UNDER PRESSURE TO STOP CBN GOVERNOR EMEFIELE’S CONFIRMATION
Godwin Emefiele, governor of Nigeria’s central bank. Photographer: Chris J. Ratcliffe/Bloomberg • Timi Frank calls for EFCC’s investigation of allegation • Governor Dickson hails Buhari over appointment • CBN gov meets President after leaked audiotape Forces against the reappointment of Central Bank of Nigeria (CBN) Governor Godwin Emefiele have stepped up pressure on the Senate to reject his confirmation. The upper legislative chamber will, this week, officially commence the processing of President Muhammadu Buhari’s request to have the apex bank boss clinch another five-year term. It was learnt yesterday that…
Read MoreCBN ADMITS AUTHENTICITY OF AUDIO INVOLVING MULTIBILLION NAIRA COVER UP
The Central Bank of Nigeria on Sunday admitted the audio conversation between governor of the central bank, Godwin Emefiele, deputy governor, Edward Adamu, director of finance Dayo Arowosegbe and special adviser to the governor, Emmanuel Ukeji while they where discussing how to cover up N500 billion Naira which they had invested in a private business that ran aground. Confirming the audio, the CBN in a press statement on Sunday signed by Issac Okorafor, director corporate communications said the “In closing the Bank’s 2018 accounts, external auditors in their Draft Account,…
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