News

Naira Printing: ‘I’m Not Guilty Of EFCC’s Fresh Charge,’ Emefiele Pleads

Published

1 year ago

May 15, 2024

The embattled former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has pleaded not guilty to the allegation that he unlawfully printed Naira Notes while he held sway at the apex bank.

The Economic and Financial Crimes Commission, EFCC, alleged that Emefiele had without authorization from former President Muhammadu Buhari, printed N684million Notes with the total sum of N18.96billion.

Besides, the anti-graft agency accused the former CBN boss of unlawfully approving the withdrawal of about N124.8bn from the consolidated revenue fund.

According to the EFCC, the defendant, acting in violation of law and “with intent to cause injury to the public,” okayed the printing of naira notes without the approval of both the former President, Muhammadu Buhari and the board of the CBN.

However, when the four-count charge was read to the defendant before trial Justice Maryann Anenih of the High Court of the Federal Capital Territory, FCT, he pleaded his innocence to the allegation.

While the prosecution counsel, Mr. Rotimi Oyedepo, SAN, requested for a date for the commencement of full hearing in the matter, the defendant, through his team of lawyers prayed the court to allow him to go home on bail, pending the determination of the case against him.

Specifically, the charge against the former CBN Governor, read: “That you Godwin Ifeanyi Emefiele, between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007;

“…by approving the printing of N375,520,000.00 pieces of colour swapped N1, 000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

“That you, Godwin Ifeanyi Emefiele, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes;

“…at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

“That you Godwin Ifeanyi Emefiele, between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of colour swapped N200 (Two Hundred Naira) Note;

“…at the total cost of N3, 441, 005, 280 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

“That you, Godwin Ifeanyi Emefiele, on or about the 7th day of October 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended);

“…by approving the withdrawal of the total sum of N124, 860, 227, 865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public and you thereby committed an offence.”

It will be recalled that President Bola Tinubu had on June 9, 2023, suspended Emefiele from office as the head of the apex bank.

He was later arrested at his Lagos residence by DSS operatives.

The former CBN boss was subsequently transferred to the custody of the EFCC, which on November 28, 2023, docked him on a six-count charge that bordered on his alleged involvement in procurement fraud.

Though Emefiele, who initially spent 151 days in custody of security agencies, was later granted bail to the tune of N300million and ordered to produce two sureties that the trial court stressed must be Abuja residents that have landed property within the Maitama District, the defendant could not perfect the conditions till December 23, 2023, when he was released from Kuje prison where he spent about 34 days.

The defendant had since then, faced various charges, both in Abuja and Lagos.

News

Tinubu Approves Portfolios For 5 NCDC Executive Directors

Published

11 hours ago

September 15, 2025

Editor

President Bola Tinubu has approved portfolios for five executive directors on the board of the North Central Development Commission (NCDC).

Mr Segun Imohiosen, Director, Information and Public Relations, Office of the Secretary to the Government of the Federation (SGF), made the announcement in a statement issued on Monday in Abuja.

The appointees and their portfolios are: Hajiya Biliquis Jumoke- Administration and Human Resources, Mrs Aisha Rufai Ibrahim-Commercial and Industrial Development.

Others are, Mr James Abel Uloko-Corporate Services, Prof. Muhammad Bashar-Finance and Atika Ajanah-Projects.

The president urged the executive directors to work closely with the governing board of the commission to promote and coordinate sustainable development of the North-Central geopolitical zone.”

News

Court Orders Arrest Of 2 Lawyers Over Alleged Forgery, Impersonation

Published

11 hours ago

September 15, 2025

Editor

A High Court of the Federal Capital Territory, FCT, sitting at Apo, on Monday, issued a bench warrant against two lawyers charged with forgery and impersonation.

Justice Jude Onwuegbuzie made the arrest order following repeated failure of the defendants- Victor Giwa, and Ibitade Bukola- to appear before the court to enter their plea to the charge that was preferred against them by the Inspector General of Police.

In the charge marked: CR/150/25, the duo were accused of conspiring to forge a legal document purportedly issued by the chambers of a Senior Advocate of Nigeria, SAN, Prof. Awa U. Kalu, with the intent to mislead the Attorney General of the Federation, AGF.

According to the three-count charge, the alleged offence occurred on June 28, 2024.

The prosecution alleged that the defendants forged and signed a letter on the official letterhead of the SAN, requesting the AGF to suspend a scheduled arraignment.

The contentious letter, titled “Urgent and Solemn Appeal to Suspend the Arraignment of Our Colleague Victor Giwa on Charge Number: CR/222/2023”, was allegedly addressed to the AGF.

It allegedly sought intervention of the AGF to halt an arraignment that was scheduled before trial Justice Samira Bature of the high court.

The IGP, in the charge, maintained that the two lawyers committed offences punishable under Section 97, 179 and 364 of the Penal Code Act, 2004.

At the resumed proceeding of the court on Monday, the prosecution counsel, Mr. Eristo Asaph, noted that the defence lawyer told the court that the 1st defendant was bereaved, hence his absence for the scheduled arraignment.

The prosecution counsel further noted that it was on the strength of an application by the defendant that the case was adjourned.

He, therefore, wondered why the duo were also absent in court for the case to proceed.

Responding, the defence counsel, Mr. Ogbu Aboje, told the court that the 1st defendant, Giwa, wrote a letter that was accompanied with a medical report dated September 3, indicating that he had a health challenge he described as “Degenerative disorder of the lumber vertebrae,” in addition to his hypertensive condition.

He added that the 2nd defendant equally went to the hospital on Monday morning to keep to a routine appointment for the immunisation of her daughter.

More so, he drew attention of the court to an application the defendants earlier filed to challenge its jurisdiction to entertain the case.

Dissatisfied with the developments, the prosecution counsel urged the court to issue a warrant for the defendants to be arrested y security agencies and produced for their trial.

In his ruling, Justice Onwuegbuzie held that having listened to both parties, he was minded to accede to the prosecution’s request.

He court stressed that the medical report did indicate that the 1st defendant would not be able to attend court, adding that the 2nd defendant did not adduce any material to justify her absence.

Consequently, relying on the provision of section 266 (2) and 352 of the Administration of Criminal Justice Act (ACJA), Justice Onwuegbuzie issued a bench warrant for the defendants to be arrested and produced before the court on October 8.
(VANGUARD)

News

Community Attributes Access Road To Reduction In Maternal Mortality In Bauchi

Published

15 hours ago

September 15, 2025

Editor

A cross-section of residents in Toro Local Government Area of Bauchi State has attributed the reduction in maternal mortality to the ongoing construction and rehabilitation of the Kirjaule–Lame roads.

Mr. Samila Jauro, who spoke on behalf of the community, made the disclosure during a media tour of ongoing Bauchi State projects in the area.

He explained that in the past, no fewer than 50 pregnant women and their babies had lost their lives due to delays in accessing healthcare caused by the poor condition of roads.

“We have lost many of our pregnant women and their unborn babies in the past because of bad roads.

“But the present administration has changed our lives through its infrastructural development,” Jauro said.

While commending the state government, he appealed for the electrification of Kirjauke community.

“We are grateful for the road project, but we still call on the governor to provide us with electricity.

For the past 18 years, we have had no source of power,” he added.

The Bauchi State Government, through the Ministry of Works, in 2023 awarded a 40.5-kilometer road construction and rehabilitation projects in the aforementioned sites.

Speaking on the progress of the projects, the Site Engineer, Mr. Ado Shehu, said the project had reached 75 percent completion.

“The Kirjaule–Lame and Magama–Gumau roads were awarded at the end of November 2023.

“Some portions are already completed, while others are at the second layer and shoulder stage to ensure a successful outcome.

“The duration of the project according to the contract is 36 months.

” But with 75 percent already completed, the project will be finished ahead of schedule,” he said.