[ad_1]
- The EFCC has reportedly accused Godwin Emefiele of printing one billion pieces of N100 banknotes with N18 billion
- Legit.ng reports that this is one of the cases pending against the embattled former Central Bank boss
- Emefiele, an economist and banker, served as governor of the CBN from June 4, 2014, until his suspension by President Bola Ahmed Tinubu, on June 9, 2023
FCT, Abuja – Amid Nigeria’s struggles to stabilise its exchange rate, a fresh investigation by the Economic and Financial Crimes Commission (EFCC) has revealed how Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), allegedly orchestrated the printing of one billion pieces of N100 banknotes.
Read also
BREAKING: Gbenga Daniel breaks silence after being linked with seized Nigerian presidential jets
In a report by Premium Times on Saturday, August 17, Emefiele also reportedly arranged the production of 5000 pieces of acrylic blocks.
Photo credit: Kola Sulaimon
Source: Getty Images
Emefiele: Another economic ‘sin’ surfaces
The newspaper said it received the scoop from sources within the anti-graft agency who disclosed that Emefiele did a memo to former President Goodluck Jonathan on September 1, 2014, preparatory to the centenary celebration. In the memo, Emefiele sought approval to print the banknotes and acrylic blocks without passing through the board of the CBN as demanded by the CBN act 2007.
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
Contrary to Section 19(1)(b) of the CBN act 2007 which stipulates that the currency notes and coins issued by the CBN shall be of such forms and design and bear such devices as shall be approved by the president on the recommendation of the board of the bank, Emefiele obtained the approval of Jonathan before presenting it before the board for ratification.
Read also
Senators’ salary: “NASS should not be a rubber stamp,” Top US lawmaker warns Tinubu, Akpabio
The anti-graft agency charged Emefiele to the FCT high court, Abuja, with six counts of alleged breach of procurement procedure in the award of the contract to April 1616 Investment Limited.
When contacted concerning the new N18 billion allegation, Dele Oyewale, the spokesperson to the EFCC, confirmed that his agency was investigating the matter but declined to provide further details.
Oyewale said:
“There is nothing I can tell you at this point because our people are still working on the matter.”
Read more on Godwin Emefiele
EFCC sends notice to LG chairmen
Read also
Prince Harry, Meghan in Colombia on anti-discrimination tour
According to him (Olukoyede), the EFCC will monitor LGA activities to ensure effective governance.
[ad_2]
Source link
Leave a Reply