Emefiele operated 593 illegal US, UK accounts – CBN investigator

CBN investigator revealed that the former Central Bank of Nigeria governor, Godwin Emefiele illegally operated 593 accounts in the United States, United Kingdom and China without authorisation.

The ex-CBN governor is being prosecuted for N1.2 billion procurement fraud.

He has not been able to perfect the N300m bail granted him by a High Court of the Federal Capital Territory on November 22.

The Special Investigator on the CBN and Related Entities, Jim Obaze, states that the Emefiele lodged £543, 482,213 in fixed deposits in UK banks alone without the approval of the apex bank’s board of directors and the CBN Investment Committee.

Obaze submitted report titled, ‘Report of the Special Investigation on CBN and Related Entities (Chargeable offences) to President Bola Tinubu on Wednesday.

“The former governor of CBN, Godwin Emefiele invested Nigeria’s money without authorization in 593 foreign bank accounts in United States, China and United Kingdom,  while he was in charge.

“All the accounts where the billions were lodged have all been traced by the investigator.”

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.

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