Following the completion of the job of the Special Investigator of the Central Bank of Nigeria (CBN) and other related entities, the Economic and Financial Crimes Commission (EFCC) will on Monday, April 8, 2024, arraign the embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, at the Lagos State High Court, Ikeja in Lagos for alleged abuse of office over allocation of billions of United States dollars.
Emefiele alongside his co-defendant, one Henry Isioma Omole, will be arraigned on 26 counts before Justice Rahman Oshodi. The charge, marked ID/23787c/2024, dated April 3, 2024, was filed by Mr Rotimi Oyedepo (SAN).
President Bola Ahmed Tinubu had on Friday thanked Mr. Jim Obazee, former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), for his services as the Special Investigator of the Central Bank of Nigeria (CBN) and other related entities, upon his appointment on July 28, 2023.
According to a statement by Presidential Spokesperson, Ajuri Ngelale, “the President commends Mr. Obazee for the dedication and professionalism he exercised in handling the complexities of this critical national assignment.
“Subsequent to the conclusion of the assignment and the submission of a final comprehensive report, and with the winding up of all apparatuses used during the scope of the task which terminated on March 31, 2024, the investigation is formally closed, with all appropriate law enforcement and regulatory agencies already conducting follow-up action.
“The President thanks Mr. Obazee for answering the call of duty while wishing him success in his future endeavours.”
In the case filed, EFCC alleged that Emefiele committed abuse of office between 2022 and 2023, in Lagos, of abuse of office.
The commission alleged that Emefiele “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: allocating foreign exchange in the aggregate sum of $2,136,391,737.33 without bids, which act is prejudicial to the rights of Nigerians.”
EFCC, further alleged that Emefiele between 2020 and 2021, in Lagos, “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary, act to wit: allocating foreign exchange in the aggregate sum of $291,945,785.59, without bids, which act is prejudicial to the rights of Nigerians.
Emefiele was alleged to have, in 2021, in Lagos, “directed to be done in abuse of the authority of your office, as the Governor, Central Bank of Nigeria, an arbitrary act, to wit: special allocation of foreign exchange in the aggregate sum of $1,769,254,793.16, which act is prejudicial to the rights of Nigerians.”
In count four, the sum involved was $370,872,893.01.
Emefiele’s co defendant Omoile was alleged to have November, 17, 2020, in Lagos, whilst acting as an agent accepted from Raja Punjab through Monday Osazuwa, the total sum of $110,000, for Godwin Ifeanyi Emefiele, gifts as reward for allocating foreign exchange by the Central Bank in favor of Raja Punjab’s employer.”
According to the charge the offences committeed contravened Section 73 of the Criminal Law of Lagos State, 2011.
Meanwhile, President Bola Tinubu, on Friday, thanked the Central Bank Investigator, Mr Jim Obazee, for his services, officially closing the months-long investigation.
“Subsequent to the conclusion of the assignment and the submission of a final comprehensive report, and with the winding up of all apparatuses used during the scope of the task which terminated on March 31, 2024, the investigation is formally closed,” a statement signed by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, read Friday evening.
The statement is titled, ‘President Tinubu thanks Jim Obazee as special investigator of the CBN at conclusion of investigation.’
Tinubu noted that with the investigations closed, all appropriate law enforcement and regulatory agencies have since begun conducting follow-up action.
The President commended Mr. Obazee for the dedication and professionalism he exercised in handling the complexities of this critical national assignment.
He thanked the CBN investigator for answering the call of duty while wishing him success in his future endeavours.
On 30 July 2023, the President appointed Jim Obazee, Chief Executive Officer of the Financial Reporting Council of Nigeria, as a special investigator to probe the Central Bank of Nigeria and related entities.
