Crime
Emefiele operated 593 illegal US, UK, China accounts – CBN investigator
The Special Investigator on the CBN and Related Entities, Jim Obaze, found that the ex-CBN governor lodged £543, 482,213 in fixed deposits in UK banks alone without authorisation.
When contacted, counsel for Emefiele, Mathew Bukkaa, SAN, asked one of our correspondents to send him a text message. He has yet to reply to the message as of the time of filing this report.
Meanwhile, Obaze submitted his final report tagged, ‘Report of the Special Investigation on CBN and Related Entities (Chargeable offences) to President Bola Tinubu on Wednesday.
The report partly read, “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.”
In a letter dated July 28, 2023, President Bola Tinubu had named a former Executive Secretary of the Financial Reporting Council of Nigeria, Obazee, as the CBN special investigator
Emefiele, who is currently in Kuje Custodial Centre, 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.
However, documents obtained by our correspondent on Thursday indicated that the former apex bank governor might face fresh criminal charges over the handling of the CBN naira redesign policy.
Emefiele could be prosecuted for illegal issuance of currency under section 19 of the CBN Act alongside Tunde Sabiu, a former aide to former President Muhammadu Buhari, and 12 top directors of the CBN.
It was gathered that the naira redesign policy was sold to Buhari at the instance of Sabiu and that the initiative was done without the approval of the board of the CBN.
No approval
The investigator found that Buhari didn’t approve of the naira redesign. It was Tunde Sabiu who first told Emefiele in September 2022 to consider the redesign of the naira. On October 6, 2022, Emefiele wrote to Buhari that he wanted to redesign and reconfigure N1000, N500 and N200 notes.
“The former President tagged along but did not approve the redesign as required by law. Buhari merely approved that the currency be printed in Nigeria. The redesign was only mentioned to the board of the CBN on December 15, 2022, after Emefiele had awarded the contract to the Nigerian Security Printing and Minting Plc on October 31, 2022,’’ the documents noted.
Emefiele was said to have contracted the redesign of the naira to De La Rue of the UK for £205, 000 pounds under the vote head of the Currency Operations Department after the NSPM said it could not deliver the contract within a short timeframe.
The special investigator found that N61.5bn was earmarked for the printing of the new notes out of which N31.79bn had been paid.
As of August 9, 2023, findings revealed that N769bn of the new notes were in circulation.
The probe of the CBN also revealed the fraudulent use of N26.627tn Ways and Means of the Apex Bank as well as the misuse of the COVID-19 intervention fund.
For instance, the CBN under Emefiele at its 661st meeting held on October 27, 2020, approved that the Consolidated Revenue Fund Account should be debited with the sum of N124.860bn, and the decision was implemented on October 9.
Similarly, the Committee of Governors at its 670th meeting held on December 9, 2020, granted anticipatory approval ‘’pending receipt of a formal request by Mr President and ratification by the board of directors the payment of the sum of N250bn only to the Federal Government of Nigeria to address challenges as a result of low revenue inflow and the payment of salaries.
The decision was implemented on December 15, 2020.
Anticipatory approval
Also on December 30, 2020, the committee of governors at its 672nd meeting granted another anticipatory approval for N250bn to the Federal Government for payment of salaries pending receipt of a formal request by Mr President and ratification by the board of directors.
The apex bank’s management through the Finance and General Purpose Committee equally granted anticipatory approval on the investment of $200mn in equity warrants of the Africa Finance Corporation.
The section also provides that such advances are to be repaid by the end of the financial year in which they are granted otherwise, the CBN shall be stopped from granting such advances in the subsequent year.
The advance is not to be repaid by way of promissory note, securitization or issuance of treasury bills.
The CBN investigator discovered that the CBN Ways and Means was abused under the Buhari administration.
The document further said, “In an instance, they (senior CBN and government officials) padded what the former President Muhammadu Buhari approved with N198,963,162, 187. There are instances where no approvals are received from the former president and yet, N500bn is taken and debited to Ways and Means.
“There are more shocking instances where the erstwhile CBN governor and his four deputy governors connived to steal outright in order to balance the books of the CBN.
“This was by violently taking money from the Consolidated Revenue account and then charging it to Ways and Means. It was a total of N124.860bn. They even created the narration as a presidential subsidy and expanded the ways and Means portfolio to accommodate crime.
“The CBN officers and even the then acting CBN governor could not produce the Presidential Approval of most of the expenses described as ‘Ways and Means.’ When confronted, to provide the breakdown of the supposed N22.7trn that was presented to the 9th National Assembly to illegally securitise as ‘Ways and Means’ financing, they were only able to partially explain a total of N9.063 trn or N9.2trn depending on which official you are considering his submission and an unreasonable attribution of non-negotiated interest element of N6.5tn.
“This shows that this was the point where the officers of the immediate past administration as well as the erstwhile CBN governor and his four deputy governors connived, defrauded, and stole from the commonwealth of our country with the aid of civil servants.’’
Continuing, the report said, “The true position of the Ways and Means as documented from the reconciliation between the CBN and the Ministry of Finance at the time is N4,449,149,411,584.54.
“This may have been the main reason the past administration hurriedly sought that the advances of N22.7trn be securitised by the 9th National Assembly on December 19, 2022, which they also hurriedly did despite the fact that it contravenes section 38 of the CBN Act, 2007.”
Legal fees
The CBN under Emefiele was also said to have spent N1.7bn on questionable legal fees for 19 cases instituted against the naira redesign policy.
The investigator also discovered how Emefiele misrepresented the presidential approval for the NESI Stabilisation Strategy Limited approved by former president Goodluck Jonathan.
The document read, “The Presidential approval granted by then President Goodluck Jonathan was rightly stated by him NESI should be a company limited by guarantee but the Committee of Governors misled the Board of the CBN by relying on non-existent advice by the office of Attorney-General and Minister of Justice to incorporate a company limited by shares for which the allotted share capital exceeded the authorised share capital (See 380th meeting of the Committee of Governors held in January in January 2015) and allotting unauthorised share capital to Mr Godwin Emefiele and Mr Mudashiru Olaitan without lawful approval by the President.
“N1.325bn was stolen pre-incorporation and the money funnelled to four companies, including a legal firm which got N300mn.’’
Between 2015 and 2021, an investment company was said to have collected unlawfully a total of N4.89bn.
A breakdown indicated that the firm received N262mn in 2015, N464mn in 2016, N550mn in 2017, N726mn in 2018, N762 in 2019, N684 in 2020 and N1.44bn in 2021, totalling N4.89bn.
Emefiele also allegedly paid N17.2bn to 14 deposit money banks participating in the Nigerian Electricity Market Stabilisation Facility.
“A total of 14 DMBs engaged in the manipulation by unlawfully arranging and collecting 1.9535 per cent of the total disbursements paid to the DMBs participating in the Nigerian Electricity Market Stabilisation Facility.
The fees are paid to the banks in the ratio of their contributions to the NEMSF disbursement, according to External Auditor’s Notes to the Financial Statement of NESI Stabilisation Strategy Limited.
“The CBN also went further by authorising the issuance of debenture for the NESI SPV, starting with N64.8bn in 2015. By 2021, N952bn debenture had been issued. The investigator said the money was diverted from public funds,’’ the document further stated.
It was further gathered that Emefiele could be tried for alleged manipulation of the naira exchange rate, fraudulent implementation of the e-naira project, and exemption of three foreign firms from paying income tax.
Meanwhile, the investigation has uncovered the strange illegal withdrawal/theft of $6.23mn from the CBN vault by two persons who used a forged presidential letter.
The suspects currently in custody were said to have presented a forged letter on February 7 and 8, 2023, purportedly signed by Buhari to withdraw the money allegedly meant for payment for foreign election observation missions.
Crime
Estate Developer Commits Suicide After Emotional Farewell Video, Leaves Properties to Wife, Children
A prominent estate developer in Ondo City, Mr Akinbolusere Kayode, popularly known as Tolufe, has reportedly died in a suspected suicide incident after leaving behind an emotional farewell video containing messages to his family.
Kayode, the owner of Esther Estate, reportedly recorded a video which subsequently surfaced on Facebook, addressing his family, speaking about his properties and paying a heartfelt tribute to his wife.
In the recording, the deceased reportedly stated that he was acting without coercion, although he did not disclose the circumstances that informed his decision.
He appealed to his relatives and other concerned individuals to ensure that all his properties were handed over to his wife and children, who currently reside in Canada.
In what appeared to be an emotional farewell, Kayode described his wife as a wonderful woman who stood firmly by him throughout his life, expressing appreciation for her loyalty, sacrifices and unwavering support during their marriage.
News of his death has thrown parts of Ondo City into mourning, with residents, friends and associates expressing shock over the tragic development.
Members of the Celestial Church of Christ, Omolore Parish, Yaba, Ondo, where the deceased was reportedly a prominent member, were also said to have been deeply saddened by his passing.
The video has since generated reactions on social media, with sympathisers extending condolences to his family.
However, the circumstances surrounding his death remain unclear, while official confirmation of the suspected cause of death was not available at the time of filing this report.
Kayode’s passing has left his family, associates and members of the Ondo community mourning a man whose final message centred largely on the welfare of his wife and children.
Source: Myexclusiveinfo
The Asankragwa Divisional Police Command in Ghana has dismissed 10 reported cases of alleged missing manhood after medical examinations confirmed that all the complainants had their genitalia intact and medically normal.
The Divisional Police Commander, Chief Superintendent Vitus Napen, disclosed this during a press briefing in Asankragwa on Monday, October 26, 2026.
According to him, the first complaint was recorded at Wassa Dunkwa on October 17, with nine additional cases subsequently reported across the division.
Giving a breakdown, Napen said Wassa Dunkwa recorded six cases, Asankragwa two, while Aboi Nkwanta and Breman recorded one case each.
He explained that the complainants alleged that their genitalia disappeared after coming into physical contact with other individuals.
However, medical examinations conducted on all 10 complainants established that none had lost their genitalia.
The police chief attributed the growing scare to panic, anxiety and misinformation, warning residents against raising false alarms capable of triggering violence and public disorder.
He cautioned that individuals found responsible for spreading false claims could face prosecution for offences relating to the publication of false news and deceiving public officers.
Mob Attacks Police Vehicle Over Alleged Missing Manhood
Meanwhile, the police commander condemned an incident at Breman, where an angry mob vandalised a police patrol vehicle during an attempt by officers to rescue a suspect accused of causing a man’s genitalia to disappear.
Napen disclosed that the mob smashed the rear windscreen of the patrol vehicle while attempting to lynch the suspect.
Describing the attack as criminal, he warned that anyone found assaulting security personnel or destroying public property would be arrested and prosecuted.
He urged residents to refrain from taking the law into their own hands and allow security agencies to investigate complaints through appropriate procedures.
The commander also appealed to traditional rulers, opinion leaders and assembly members in the Wassa Amenfi West Municipality to intensify public enlightenment and discourage the spread of unverified allegations.
He encouraged residents to report suspected criminal activities to the police rather than resorting to mob action.
Napen added that no arrests had been made in connection with the vandalism as of the briefing, but assured that investigations were ongoing to identify and prosecute those responsible.
Source: Graphic Ghana
…Suspect allegedly targeted female POS operators, used Facebook to lure victims
The Enugu State Police Command has arrested a 30-year-old man, Ugbor Chika Paul, over allegations of serial rape, armed robbery and sextortion involving female victims in different parts of the state.
The Command disclosed that a mobile phone recovered from the suspect contained nude photographs and video recordings of several identified and unidentified female victims.
In a statement issued on Tuesday, October 27, 2026, the Police Public Relations Officer, SP Daniel Ndukwe, said preliminary investigations revealed that the suspect allegedly specialised in luring female Point-of-Sale (POS) operators to isolated locations under the guise of conducting financial transactions before robbing and sexually assaulting them.
According to the police, the suspect also operated a Facebook account under the fictitious name, Franklin Umeh, which he allegedly used to lure another victim into his trap.
Giving details of the incidents, Ndukwe said the first victim, a 20-year-old POS operator at Akwata Market, Enugu, was allegedly lured to a bush behind St. Peter’s Church, Coal Camp, around 11 a.m. on May 21, 2026.
The suspect reportedly raped the victim and dispossessed her of N600,000.
In another incident on August 11, 2026, a 30-year-old female POS operator from the same market was allegedly taken to the same location around 5 p.m., where the suspect attempted to rape her before robbing her of approximately N120,000.
The police further disclosed that a third victim, aged 21, was allegedly contacted through Facebook by the suspect, who introduced himself as Franklin Umeh.
She was reportedly lured to Old Park, Enugu, around 11:30 a.m. on October 4, 2026, before being taken to a secluded bush around Udi Siding.
At the location, the suspect allegedly raped and sexually assaulted her, recorded her nakedness and robbed her of N100,000 and her mobile phone.
He subsequently demanded an additional N200,000 from the victim, threatening to circulate her nude video if she failed to comply.
The police alleged that he also used the victim’s stolen phone to contact some individuals on her WhatsApp contact list.
Ndukwe confirmed that investigations were ongoing, adding that the suspect would be arraigned in court upon their conclusion.
The Command appealed to other persons who might have fallen victim to the suspect’s activities to come forward with useful information to assist investigators.
It equally encouraged women experiencing cyberstalking, sexual blackmail or sextortion to report such incidents to the police rather than suffer in silence.
Meanwhile, the Commissioner of Police, CP Mamman Bitrus Giwa, reaffirmed the Command’s determination to tackle sexual violence, robbery and other criminal activities across Enugu State.
He urged residents, particularly women and business operators, to remain security-conscious and promptly report suspicious movements and activities to the nearest police formation.
The Ebonyi State Police Command has arrested one Ugwumba Enyinnaya for allegedly posing as a qualified legal practitioner and engaging in legal practice for over 11 years without the required credentials.
The Police Public Relations Officer, SP Joshua Ukandu, disclosed the development in a statement issued on Tuesday, explaining that the suspect was apprehended following investigations into a petition bordering on obtaining money under false pretence.
According to the police, Enyinnaya allegedly collected N650,000 from one Chukwu David in March 2026, claiming he would facilitate the processing and approval of a street-naming request in Ohaozara Local Government Area of the state.
The petitioner reportedly entrusted the money to the suspect after he presented himself as an experienced lawyer capable of handling the transaction.
However, investigations by police operatives subsequently revealed that Enyinnaya had allegedly been impersonating a legal practitioner for more than a decade.
Police said the suspect admitted during interrogation that he was not a qualified lawyer.
A search conducted at his residence reportedly led to the recovery of several items, including a Nigerian Bar Association (NBA) seal, a portrait showing him dressed in barrister’s attire, a legal wig and gown, and purported Bachelor of Laws (LL.B.) and Master of Laws (LL.M.) certificates bearing the name of Enugu State University of Science and Technology.
Other exhibits recovered included court judgments allegedly obtained by the suspect and several legal documents purportedly prepared by him, including powers of attorney and deeds of conveyance.
The command confirmed that the suspect had been charged to court.
Reacting to the development, the Ebonyi State Commissioner of Police, CP Hope Okafor, commended the investigating officers for exposing the alleged impersonation.
She urged residents to exercise caution when engaging individuals offering legal services and ensure that their professional qualifications are properly verified.
The commissioner further encouraged members of the public to report suspicious individuals and activities to the police to prevent unsuspecting citizens from falling victim to fraud.
By Our Reporter
The Forum of Peoples Democratic Party (PDP) State Chairmen has called on President Bola Tinubu, security agencies and the international community to intervene in Ebonyi State over allegations of political intimidation, attacks, abductions, killings and restrictions on opposition activities ahead of the 2027 general elections.
The forum, led by its chairman, Austin Nwachukwu, made the call at a press conference in Abakaliki, where it accused Governor Francis Nwifuru’s administration of creating an atmosphere of fear for opposition members.
The allegations were contained in a statement in which the forum expressed concern over the reported attacks on PDP leaders, candidates, executives and supporters, as well as the alleged destruction of property and unlawful detention of party members.
“No governor owns the state, no political party owns the people, and no public office holder or office confers a licence to intimidate, assault or silence citizens,” the forum declared.
It called on Nwifuru, the Nigeria Police Force, the Department of State Services (DSS), the National Security Adviser and President Tinubu to take urgent steps to protect lives, investigate the allegations and safeguard democratic participation in the state.
The forum alleged that the PDP state secretariat was sealed on May 25, 2026, following an order reportedly issued by the governor, with more than 150 security personnel deployed to cordon off the premises.
According to the group, the action prevented members of the party’s State Working Committee from accessing their offices.
It further alleged that the governor made threatening remarks against opposition members in June and September, including a reported directive to local government chairmen to deal harshly with the PDP.
The forum cited several incidents of alleged political violence, including an attack on PDP members attending a rally in Ezza South Local Government Area on August 1, which reportedly left 10 people critically injured.
It also alleged that the residence of a 73-year-old party leader, Chief Christopher Ngwuta, was attacked on August 4 during a consultative meeting.
The statement claimed that Ngwuta’s wife, Blessing, subsequently lost a four-month pregnancy following the incident.
Other incidents highlighted included an alleged attack on the PDP House of Representatives candidate for Ohanaivo Federal Constituency, Igboke Felix Ogbonna, and his aides on August 16, as well as the reported destruction of property belonging to PDP leader Arinze Oyibe in Abaomege on September 9.
The forum further alleged that armed men disrupted a PDP political and economic summit at Veneza Hotel in Abakaliki on September 19, injuring participants and robbing attendees of valuables.
It also expressed concern over the reported arrest and continued detention of the PDP State Woman Leader, Chinyere Nwele, on October 15.
The group urged the police to disclose the legal basis for her detention and ensure that due process was followed.
The forum also alleged that Jimo Guest House, owned by PDP youth leader Jimo Abu, was sealed by government agents on October 20, before Abu was reportedly abducted the following day.
According to the statement, Abu was allegedly forced at gunpoint to renounce his PDP membership and declare support for the governor.
The group called for an investigation into the reported attack on security personnel in Amaezekwe village, Ezza South Local Government Area, on October 22.
It also demanded an investigation into the alleged abduction and killing of Elder Onwe Obochi of Oshege village in Ohaukwu Local Government Area.
On the conduct of security agencies, the forum expressed dissatisfaction with what it described as the police response to complaints involving alleged attacks on opposition members.
It also raised questions about a reported accommodation arrangement involving the Ebonyi State Commissioner of Police and Meritona Hotel in Abakaliki, which the forum alleged was owned by the governor.
The group acknowledged that the reported arrangement did not, in itself, establish wrongdoing but called for clarification to protect public confidence in the impartiality of the police.
The forum urged the Inspector-General of Police to establish an independent investigative team to examine the reported attacks, threats, abductions, killings, armed robbery and destruction of property.
It also called on the DSS to conduct an independent security assessment of the allegations and work with relevant agencies to prevent further attacks.
The National Security Adviser was urged to coordinate preventive measures and brief the Federal Government on the reported security concerns, while President Tinubu was asked to ensure impartial investigations and equal protection for citizens regardless of political affiliation.
The forum also appealed to the United Nations, African Union, Economic Community of West African States (ECOWAS), diplomatic missions and international human rights organisations to monitor credible reports of political violence and restrictions on democratic freedoms in Ebonyi.
On political activities, it alleged that some parties enjoyed access to public facilities while PDP gatherings faced restrictions, insisting that public authority should not be used to disadvantage opposition parties.
The group urged Nwifuru to publicly condemn political violence, clarify the alleged threats against PDP members, explain the legal basis for the reported sealing of the party secretariat and Jimo Guest House, and cooperate with independent investigations.
It maintained that anyone found culpable after a credible investigation should face the appropriate legal consequences, irrespective of political affiliation or official position.
The forum concluded by urging the PDP governorship candidate in Ebonyi State, Chief Ifeanyi Chukwuma Odii, to remain focused and continue engaging residents peacefully ahead of the 2027 governorship election.
The allegations require independent investigation, and responses from the Ebonyi State Government and the relevant security agencies would be important in establishing the facts surrounding the reported incidents.
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