A former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, was on Monday granted N2 billion in bail by a Federal High Court judge sitting in Abuja. The eight-count charge against Emefiele included allegedly stealing and seizing billions of Naira from proxy accounts, as well as illegally obtaining a housing estate with 753 units. Justice Halilu Yusuf …

An Ikeja Special Offences Court has heard how former Central Bank of Nigeria (CBN) Governor Godwin Emefiele instructed his erstwhile despatch rider, Monday Osasuwa, not to formally acknowledge millions of dollars collected on his behalf from various sources. Osasuwa, who is the first prosecution witness (PW1) in a case the Economic and Financial Crimes Commission (EFCC) filed against Emefiele, said …

A former acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, on Wednesday, told Justice Maryann Anenih of the Federal Capital Territory High Court in Maitama, Abuja, that intrigues and politics were involved in the naira redesign exercise carried out in 2022. Shonubi, who served as the Deputy Governor of Operations before his appointment as acting CBN Governor …

Embattled former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has filed applications to challenge the forfeiture of his assets to the Federal Government by the court. Since his removal from office, the Federal High Court, through the Economic and Financial Crimes Commission (EFCC) has obtained a series of court orders, forfeiting Emefiele’s funds and landed assets. The …

A fresh investigation by the Economic and Financial Crimes Commission (EFCC) has revealed how a former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, allegedly orchestrated the printing of one billion pieces of N100 banknotes and the production of 5,000 pieces of acrylic blocks. According to an investigation by PREMIUM TIMES, the notes and acrylic blocks were …

The Federal High Court in Lagos, on Thursday, ordered the interim forfeiture of $2.04 million and seven properties connected to former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele. Justice Akintayo Aluko made the order following an application by the Economic and Financial Crimes Commission (EFCC), which is investigating alleged fraudulent activities linked to Emefiele. The properties …

The Economic and Financial Crimes Commission (EFCC), has opposed the application of a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for the release of his passport to enable him to make an overseas medical trip. The EFCC spokesperson, Dele Oyewale, revealed this in a statement on Monday. Oyewale said the defence counsel, Labi Lawal, had filed …

A High Court of the Federal Capital Territory, Maitama, on Tuesday, fixed 21 October for the continuation of the trial of a former Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele. The trial judge, Justice Hamza Muazu, fixed the date on the agreement of the counsel after the close of the cross-examination of the ninth prosecution witness, …

Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been released after meeting the bail conditions granted him by the court. Emefiele, who arrived at the Lagos High Court, Ikeja in custody of operatives of the Economic and Financial Crimes Commission (EFCC) on Friday, left for his home after the court proceedings. Justice Rahman Oshodi, who …

Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been remanded in the custody of the Economic and Financial Crimes Commission (EFCC). Emefiele was arraigned on Monday by the Federal Government alongside his co-defendant, Mr. Henry Omole, before Justice Rahmon Oshodi of the Lagos High Court (Ikeja division). The two defendants pleaded not guilty to the …