A prosecution witness testifies in an ongoing High Court case involving former Central Bank of Nigeria (CBN) governor Godwin Emefiele, saying Emefiele did not benefit from an alleged fraudulent cash withdrawal of about $6.23 million from the CBN. The witness, an EFCC investigator and a police officer involved in the fraud probe, tells the court that there is no evidence showing Emefiele received any of the money either as cash or through a transfer into his account. During cross-examination, the witness also says Emefiele denied giving approval or authorization for the release of the money, denied receiving or acting on a letter said to be from the then Secretary to the Government of the Federation, Boss Mustapha, and denied that signatures on relevant documents were his. The witness acknowledges that protocol may have been breached in the processing of correspondence related to the release of the funds, and notes that investigators found a person who confessed to taking the money did not appear to have been a staff of the SGF as claimed. The case continues, with proceedings scheduled to resume on July 3.
EFCC witness says Godwin Emefiele did not benefit from alleged $6.23m CBN looting
A prosecution witness testifies in an ongoing High Court case involving former Central Bank of Nigeria (CBN) governor Godwin Emefiele, saying Emefiele did not benefit from an alleged fraudulent cash w...
- An EFCC prosecution witness tells the court that Godwin Emefiele did not benefit from an alleged $6.23m/ $6.2m withdrawal from the CBN.
- The witness says there is no evidence the money was received by Emefiele as cash or transferred into his account.
- The witness states Emefiele denies approving or authorizing the money’s release and denies receiving/acting on a purported letter from SGF Boss Mustapha.
- The court hears that protocol for correspondence processing may have been breached in the money’s approval and release process.
- The case involves allegations including criminal breach of trust, forgery, abuse of office, conspiracy and obtaining money by false pretence; trial continues July 3.
The prosecution witness said the former CBN governor, Mr Emefiele, gave an approval for the alleged fraudulent withdrawal but did not benefit from the proceeds. The post Emefiele didn’t benefit from fraudulent $6.23m cash withdrawal from CBN vault – Investigator appeared first on Premium Times Nigeria.
2 hours agoThe EFCC charged Emefiele with criminal breach of trust, forgery, abuse of office, conspiracy to obtain by false pretence and obtaining money by false pretence while serving as CBN governor. The post Emefiele didn’t benefit from $6.2m looted in CBN – EFCC witness tells court appeared first on Vanguard News.
17 hours agoA witness of the Economic and Financial Crimes Commission, EFCC, Mr Okpoziakpo Eloho, on Thursday told a High Court of the Federal Capital Territory, FCT, that the former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, did not benefit from the $6,230,000, reportedly stolen from the apex bank. The witness, a Commissioner of Police at the Fraud Unit of the Force Headquarters, Abuja, admitted that there was no evidence that Emefiele benefited from the loot either in cash or in a transfer into his account by those who admitted stealing the money. Eloho made the clarification during cross-examination by Mathew Burka, SAN, lead counsel to the defendant. Emefiele is being prosecuted by the anti-graft agency on alleged procurement fraud and abuse of office before Justice Hamza Muazu. At Thursday’s proceedings Eloho, who led the police investigation of the former CBN boss, stated that Emefiele in the statement he made to the team of investigators denied ever giving approval and authorization for the release of the money to anybody. The witness also said that the defendant also denied ever receiving any letter from the then Secretary to the Government of the Federation, Boss Mustapha, or acted on any such letter in relation to the alleged stealing. Answering a question, CP Eloho admitted that one Jibril Abubakar appeared before his probe panel during investigation and admitted collecting the $6. 2 million from the Abuja branch of the CBN. He also said that none of those interviewed or investigated in respect of the money told the investigators that the defendant benefitted in one way or the other. The police commissioner said that although Jibril Abubakar claimed to be a staff in the Office of the SGF, investigation later showed that he was never an employee of the office. The witness further stated that despite the confession of Abubakar that he collected the money from the apex bank, he (witness) was not aware of the trial of Abubakar in any law court. Also answering a question, the EFCC witness claimed that one Bashirudeen Maishanu, a staff of the CBN, was also interrogated and he confessed to be one of those who stole the money. The witness further stated that he was not aware of the trial of the said Maishanu and that he would be shocked if the man was promoted by CBN in spite of his confession to the stealing of the money. When confronted with series of exhibits especially correspondences exchanged during the processing, approval and release of the looted fund, the witness admitted that protocol was breached going by the hierarchy of the management of the apex bank, adding that under normal circumstances correspondence from CBN governor ought to go to the deputy governor and from there downwards. “I recall that on December 13, 2023, we were at Kuje correctional center where the defendant made his statement in relation to his office on the $6.2 million. “He was confronted with the issue of the money, his approval and authorization for the release of the money. “In the process the defendant denied he did not sign for the approval or release of the money. “The defendant also denied receiving any letter from SGF, he also stated that the signature on the documents that related to the approval and release of the money was not his,” he said. Answering another question on the statement made by former SGF, Boss Mustapha to the investigators, the witness told the court that it was the special investigator, Jim Obaze, that was present when Boss Mustapha claimed his signature was forged. On the forensic examination carried out by EFCC on the signature of Boss Mustapha to verify the alleged forgery, the witness told the court that it would have been desirable to carry out similar forensic examination on Emefiele’s signature the way it was done to Boss Mustapha. The trial continues July 3.
20 hours agoA witness of the Economic and Financial Crimes Commission, EFCC, Mr Okpoziakpo Eloho, on Thursday told a High Court of the Federal Capital Territory, FCT, that the former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, did not benefit from the $6,230,000, reportedly stolen from the apex bank. The witness, a Commissioner of Police at […] Emefiele didn’t benefit from $6.2m looted in CBN – EFCC witness tells court
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