NewStats: 3,265,551 , 8,187,176 topics. Date: Sunday, 15 June 2025 at 05:29 PM 2k3b1m

A Seventh Prosecution Witness, PW7, in the trial of a former governor of Central Bank of Nigeria, CBN, Godwin Emefiele on Monday, March 11, 2024 told Justice Hamza Muazu of the Federal Capital Territory, FCT, High Court, Abuja, how Emefiele allegedly signed and approved award and payments of contracts to April 1616 Investment Limited and Architekon Nigeria Limited,  companies that allegedly belong to Sa’adatu Ramalan Yero,  his wife,  Margaret Emefiele and his in-law respectively.

 The witness,  Agboro Michael, an investigator with the IC,  led in evidence by the prosecution counsel, Rotimi Oyedepo,SAN, was part of the investigation team that comprised the EFCC, IC, CCB, DSS and the Nigerian Police .  He testified on the count-charge of abuse of office and conferring  an unfair advantage to a public officer and relatives, preferred against Emefiele.

“My Lord,  these companies were awarded about 45 contracts to supply Toyota Vehicles. We were worried as investigators as to how a particular company would get bids concurrently to supply vehicles. We did our investigation, and discovered that the company was not even accredited by Toyota.

“In the companies my Lord, one has Sa’adatu’s husband and siblings as directors, and the other one has Sa’adatu as the director of the company while she is still a civil servant.

“Document ‘F1’ shows the signature and approval of the defendant to pay the sum of N854, 700,000 (Eight Hundred Fifty-Four Million, Seven Hundred Thousand Naira) His signature was number three on the document”, he said. Testifying further, Michael said in ‘F3’, the defendant approved 1, 85,700,000 (One Billion, Eighty-five million, Seven Hundred thousand) for the supply of 47 units of Toyota Hilux.

While ‘F4’ was the defendants approval to purchase for the bank an armoured Toyota Avalon car at the cost of N99,900,000 (Ninety-Nine Million, Nine Hundred Thousand Naira), and ‘F5’ was the approval to procure two units of Toyota Hilux for the bank, and all were bought from April 1616 Investment limited.

Speaking on the findings of the investigative team on exhibit P26, page 86 of 107 on November 6, 2021. Michael said; “It is a credit into the from the CBN to the tune of N41, 943, 400, 34 (Forty-one Million, Nine Hundred and Forty-three Thousand, Four hundred and Thirty four kobo).

“Page 87 was also a credit in April 2016 from the CBN, N304, 853, 50 (Three Hundred and Four Million, Eight Hundred and Fifty Three Thousand naira, Fifty kobo).

“26 January, 2021, April 1616 Investment Nigeria limited also received N304, 853, 720, 55 (Three Hundred and Four Million, Eight Hundred and Fifty Three Thousand Seven Hundred and Twenty Naira Fifty-Five kobo) from the CBN.

“On the 10th of February, 2021, the CBN paid N201, 23, 323, 31 (Two Hundred and One Million, Twenty-Three Thousand, Three Hundred and Twenty-Three Naira, Thirty-One kobo).

The approval of payment of March 24, 2021 was N304,843,720,85, April 27, 2021 was 60,976,744,17 (Sixty Million, Nine hundred and Seventy Six thousand, Seven hundred and forty-four naira, Seventeen kobo) May 31, 2021 was a payment of 60,976,744,17 (Sixty Million, Nine hundred and Seventy Six thousand, Seven Hundred and Forty-four Naira, Seventeen kobo), and February 21, 2021 was a payment of N50,547,508,30 (Fifty Million, Five Hundred and Forty-Seven Thousand, Five Hundred and Eight Naira Thirty kobo) were equally approved by the defendant.

The witness further told the court that the team recorded the defendant’s statement under caution and video recorded in a conducive environment.

Testifying further, the witness said; “In 2019, again, we discovered the defendant also used his office and position to confer a corrupt advantage to one of the staff of CBN, Sa’adatu Ramalan Yero to supply one unit of Toyota Land Cruiser V8 at the cost of N73, 800,000 (Seventy-Three Million, Eight Hundred Thousand to her company April 1616 Investment Nigeria limited where she is a director, and equally a director in the CBN.

“Again my Lord, the defendant also approved the payment of renovation of the CBN Governors’ residence at No 2. Global road, Ikoyi Lagos to a company named; Architekon Nigeria Limited where his wife and brother-in-law are both directors.

“Sometime in 2020, the defendant used his position as CBN Governor to confer on his wife and brother in-law corrupt advantage by awarding their company landscaping of the CBN governor’s residence in the sum of N39,46,000 (Thirty-Nine Million, Forty Six Thousand Naira”,he said

Continuing, Michael said a contract to procure furniture items was also awarded to his brother in-law in the sum of 97,000,000 ( Ninety Seven Million Naira), and again, a contract to procure a power line at the same CBN Governor’s residence in the sum of N68,568,740 (Sixty-Eight Million, Five Hundred and Sixty-Eight Thousand, Seven Hundred and Forty naira).

While cross examining the witness, counsel to the defendant, Matthew Burkaa SAN queried the witness that though there are many signatories in the memo only his client was on trial. In response, the witness told him that the defendant was on trial because he was the approving authority, while others only minuted on the documents to justify the process, and didn’t have the power to make such payments and approvals.

Burkaa also wanted to tender the defendant’s statement at the Nigerian Police force before the court, but Oyedepo objected, stating it was a public document and needed to be certified before it can be tendered as an exhibit. Burkaa then withdrew the document and promised to provide the true certified copy at the next adjourned date.

Justice Muazu thereafter adjourned the matter till 25 and 26 April, 2024 for continuation of trial.

https://dailypostngr.com/2024/03/how-emefiele-awarded-billions-in-contracts-to-wife-family-and-friends/

Naija my country 😢

It's really sad how political office holders and appointees use our common wealth for 'Father Christmas Show', enriching themselves, families and friends while millions of helpless masses are allowed to suffer and die in abject poverty even in the midst of abundance.

Not only Emefiele.

Na still APC.

Imagine what APC keyboard warriors would have been writing if Emefiele served Obi or by GEJ.

Actually, he served for about a year or less under GEJ. Thanks to the person who gave me the correction.

But I still blame APC because Buhari probed other people and worked with him for 8 years.

immortalcrown:
Na still APC.

Imagine what APC keyboard warriors would have been writing if Emefele was appointed by Obi or by GEJ.

He was appointed by Jonathan.

Golan007:
He was appointed by Jonathan.

True

The person who employed him should be questioned as well cause there's no way to exonerate Buhari in all of these shenanigans.

Kill this man already


🤕

immortalcrown:
Na still APC.

Imagine what APC keyboard warriors would have been writing if Emefele was appointed by Obi or by GEJ.

Stop saying trash !!!! This is not about political party but bad personality of Emefiel. Then Emefuele was appointed by Jonathan after he removed Sanusi .

adekolaelect:
Stop saying trash !!!! This is not about political party but bad personality of Emefiel. Then Emefuele was appointed by Jonathan after he removed Sanusi .

Yes, he was appointed by GEJ in 2014.

It is still about party because Buhari probed other people and worked with him for 8 years.

immortalcrown:
Yes, he was appointed by GEJ in 2014.

It is still about party because Buhari probed other people and worked with him for 8 years.

You want to make a fool of yourself.

Central banks are meant to he independent.

Foreign investors and western governments would be spooked if a Central Bank Governor is changed for seemingly political reasons.

Golan007:


He was appointed by Jonathan.

Who begged Buhari to retain him?

Golan007:


He was appointed by Jonathan.

And reappointed by Buhari of APC brought by Tinubu.

Stop clowning

Golan007:


You want to make a fool of yourself.

Central banks are meant to he independent.

Foreign investors and western governments would be spooked if a Central Bank Governor is changed for seemingly political reasons.

Audio independence.

Golan007:


You want to make a fool of yourself.

Central banks are meant to he independent.

Foreign investors and western governments would be spooked if a Central Bank Governor is changed for seemingly political reasons.

You dey wyne? How independent is cbn that emefile was removed before his tenor expired?

Beautifulday:


Who begged Buhari to retain him?

Don't mind the mischievous human. He wants to twist narrative.

adekolaelect:
Stop saying trash !!!! This is not about political party but bad personality of Emefiel. Then Emefuele was appointed by Jonathan after he removed Sanusi .

Oh wow.

Is this the new memo?

To blame Jonathan after Buhari just finished blaming him for 8years.

Dear Tinubu Sergio Ramos.

Your darling Buhari reappointed Emefiele. What stopped him from sacking him even with all the scandals?

Buhari is APC, APC is Tinubu.

Una no go ever twist this narrative under our watch.

Beautifulday:


You dey wyne? How independent is cbn that emefile was removed before his tenor expired?

Please quote me when he replies this your bomb.

Gossiphub:


Please quote me when he replies this your bomb.

Where he wan get the liver

Leave this man alone, Emefiele this, Emefiele that is he the only one that served in buhari's government?.
Bunch of hypocrites, when Jonathan was president you blamed him for every error, now it is the cbn governor not the president.

Failures always look for who to blame instead of accepting responsibility

Justnation:
Leave this man alone, Emefiele this, Emefiele that is he the only one that served in buhari's government?.
Bunch of hypocrites, when Jonathan was president you blamed him for every error, now it is the cbn governor not the president.

Failures always look for who to blame instead of accepting responsibility

Don't mind them.

That's how they wasted 8 years blaming PDP. People that promised Nigerians CHANGE oo. Imagine Joe Biden blaming Trump for 8 years?😂. Abii Sunak Blaming Theresa May😂

Beautifulday:


Where he wan get the liver

From WhatsApp group 😂.

He will call you Enemy of Nigeria or start insulting. Just watch out

Gossiphub:


From WhatsApp group 😂.

He will call you Enemy of Nigeria or start insulting. Just watch out

I go burn am. I no be water

Beautifulday:


I go burn am. I no be water

No Piss Here😂😂

NoSmoking:
Kill this man already


🤕

Accidental lover of Nigeria.

Your party chairman was caught on tape. Read my lips! On video stashing dollar notes in his babariga.

Not newspaper propaganda or anything or rumor or gist.

When are you calling for his head?

Gossiphub:


Accidental lover of Nigeria.

Your party chairman was caught on tape. Read my lips! On video stashing dollar notes in his babariga.

Not newspaper propaganda or anything or rumor or gist.

When are you calling for his head?

You seem to have cognitive deficiency


Where and when did I become APC?

NoSmoking:


You seem to have cognitive deficiency


Where and when did I become APC?

Lmao. Who you wan whyne NoSmoking?

Seems you want your mind to touch ground tonight.

Gossiphub:


Lmao. Who you wan whyne NoSmoking?

Seems you want your mind to touch ground tonight.

Oga go sleep

NoSmoking:



Oga go sleep

I don already gather your screenshots😂.

Since you're calling for ceasefire, no wam. Make I go sleep.

There will be another Emefiele at the end of Tinubu's regime.

Unless we put in place long lasting reforms

Legislative rail guards, checks and balances, legislative and judicial oversights.

That will prevent this in the future.

How does China, UAE , Norway CBN Governors do it, that corruption is not this rife, can we adopt similar models ? And why is Emefiele not in Jail yet ?

If the right Emefiele gets there one day, Nigeria will never recover from the misappropriation of funds.

Dont forget all the foreign investors being lobbied are also aware of people like Emefiele still walking around as a free man.

Only way Emefiele walks free is if the Government is complicit in his actions.

Buhari did it Thieftinubu is doing it ,In Nigeria every body does it so whats the problem
We must tell our selves the truth

Naija my country. Meanwhile in Osun state.

This man is in for a longthing