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

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.
READ ALSO: Ex-CBN Gov, Emefiele Faces Fresh Charge Over Printing Of Naira Emefiele
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.
READ ALSO: How I Collected Dollars In Cash For Emefiele, Dispatch Rider Tells Court
“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.”
READ ALSO: EFCC Files 26 Fresh Count Charge Against Emefiele
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
MOWAA Authorities Shun Edo Assembly Committee, Give Reason

Authorities of the Museum of West African Art (MOWAA) on Monday refused to appear before the Edo State House of Assembly Ad hoc Committee which was set up to investigate its operations and funding.
Recall that Governor Monday Okpebholo, had last month, asked the Assembly to determine the stake of the state government having committed N3.3bn and true ownership of MOWAA.
At the resumed sitting of the Committee on Monday, MOWAA, in a letter by its lawyer, Olayiwola Afolabi, said it earlier informed the Committee that it would be sub judice for it to attend the public hearing due to the pendency of the same matter before the Federal High Court, Benin City.
In the letter, MOWAA informed the Committee that other committees of the Federal Government and the House of Representatives have been constituted to look into the same issues.
READ ALSO:Why Niger Delta Suffers Most — Jonathan
The letter said documents it previously submitted to the Assembly showed that everything about MOWAA was genuine and transparent.
MOWAA, in the documents it submitted, said, “No funds from any international institution had been received for the building of MOWAA until after it was very clear what MOWAA was and was not.
“All funding was received subsequent to the time in the middle of 2021 that it was clear to potential donors that there would be two separate organisations one focused on Benin heritage art and another on modern and contemporary, broader West African art and research/education.
“Funding from the German Government did not come until the end of 2022 – a year and a half after the Palace disassociated itself from MOWAA. The fact that there would be two separate museums was communicated to the Benin Dialogue Group (the European museums) in the meetings of October, 2021 at the London meeting and again in Hamburg in the meetings of March 2023, and further confirmed in writing to all Benin Dialogue Group members approximately two years ago when MOWAA formally withdrew from the group meetings.”
READ ALSO:Police Evacuate Expertriates As Thugs Invade MOWAA In Benin
Speaking before the Committee, the state Accountant General, Julius Oseimen Anelu, said N3.8bn was released for the building of MOWAA between 2022 and 2024.
He said funding for MOWAA by the Edo State Government was appropriated in the budget.
He said the $18m from donors did not enter the state’s coffers.
On his part, the Benin Monarch, Oba Ewuare II, who was represented by Prince Aghatise Erediauwa, accused former Governor Godwin Obaseki of making efforts to hijack the processes of the returned artefacts.
READ ALSO:Okpebholo Revokes MOWAA Land Title
He accused former Minister of Information and Culture, Alhaji Lai Mohammed and a former Director General of National Commission for Museums and Monuments (NCMM) Albert Tijani, of fighting the Palace to defend the actions of the Legacy Restoration Trust (LRT).
Oba Ewuare II said the LRT was used to solicit funds abroad using his name.
The Benin Monarch said the Federal Government gazette, which recognised him as the custodian of the returned artefacts, made the LRT promoters realise that they were fighting a lost battle.
Chairman of the Ad hoc Committee, Hon Ade Isibor, expressed shock at the action of MOWAA.
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Hon. Isibor said the suit cited by MOWAA would not stop the Committee’s investigation, saying the Assembly and the Edo State Government were not involved in any litigation involving MOWAA.
According to him, “The powers of parliament to look into funds disbursed by the Executive is sacrosanct and cannot be taken away by any court.
“We are shocked that MOWAA did not attend sitting or come to give a verbal presentation. The Committee adopted the documentary evidence forwarded to us without by MOWAA.”
News
He Can’t Fix His Party Let Alone Nigeria – Oshiomhole Blasts Atiku

The lawmaker representing Edo North Senatorial District, Adams Oshiomhole, has criticised former Vice President Atiku Abubakar.
Speaking in an interview on Politics Today, a programme on Channels Television monitored by DAILY POST on Monday, Oshiomhole alleged that Atiku, who cannot fix his party, cannot fix Nigeria’s problems.
His comment comes after Atiku officially joined the African Democratic Congress, ADC.
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Atiku formally joined the ADC, the coalition-backed party, on Monday ahead of the 2027 general elections.
Reacting, Oshiomhole said, “If Atiku as a former vice president under PDP could not fix PDP, he could not reconstruct it, he could not provide leadership and use his influence which he had built, how can you lay claim to fix Nigeria.
“Former President Olusegun Obasanjo gave Atiku a lot of leverage, so much power, yet he couldn’t use it to fix the PDP,” Oshiomhole said.
News
Gov Mohammed Flags Off Construction Of 203.47-kilometre Rural Roads

Governor Bala Mohammed of Bauchi State has flagged off the construction of 203.47-kilometre rural roads in the state.
Speaking during the flagging off of the roads in Gamawa Local Government Area of the state on Monday, Mohammed said the road construction would be carried out with the Federal Government intervention under its Rural Access and Agricultural Marketing Programme (RAAMP).
According to him, the roads represented more than physical infrastructure but symbolises his administration’s vision of Bauchi state where no community was left behind, where development was fair and balanced and driven by the needs of the people with equity and justice.
“We are grateful to the federal government, we are grateful to the World Bank and all the development partners.
READ ALSO:Bauchi Govt Procures 13 Tuberculosis X-ray Machines Worth $1.9m
“Roads are the architect of opportunities. They connect farmers to markets, women to healthcare, children to schools, security agencies to vulnerable communities and rural economy to national prosperity.
“For decades, many rural communities in Bauchi have suffered neglect. Roads became impassable during rainy seasons, farmers lost produce, students struggled to reach schools and sick people were unable to get timely medical attention,” he said.
Mohammed, who said that the days of neglect of the rural communities were over, added that RAAMP remained a key pillar for his transformative agenda and aligned with his Bauchi project 1&2.
He said RAAMP also aligned with the Bauchi Agricultural modernisation, inclusive development, improved governance, youth empowerment, poverty reduction and sustainable infrastructure.
READ ALSO:Bauchi Board Laments Low Teacher Turnouts In Training Exercise
According to him, RAAMP was not just about roads, it’s about connecting communities, boosting the rural economy and laying the foundation of lasting prosperity.
He highlighted the roads to include 26.8 kilometers Mararaba Liman Katagum-Boli-Kafinmawa-Mararaba Dajin roads, 14.75km Dargazu- Gambaki-Chinade-Gangai road, 28km Gamawa – Sakwa road.
Others included; 14.45km Misau- Beti- Maladunba roads, 6.6km Giade – Tagwaye road, 6.68km Yana-Fago road, 6.71km Mararraban Dajin- Dajin road, 36.65km Dott-Dado- Baraza road, 24km Lanzai-Papa road.
He further explained that the road construction also included 4.91km Gadar Maiwa- Zakara road, 25km Dagu-Ningi road, 8.86km Nabordo – Gadan Doka.
READ ALSO:Bauchi Begins Production Of Exercise Books, Chalks For Schools
The governor called on traditional rulers to support contractors and remained vigilant and provide intelligence on security and safety.
Also speaking, Engr. Aminu Mohammed, the National Coordinator (RAAMP)
Coordinator said that the state has disbursed over N6 billion in counterpart funding to RAAMP, making it one of the top performing states.
“These roads will open critical agricultural corridors, reduce travel time and post harvest losses, improve access to markets, schools and healthcare.
“It will also enhance rural productivity and inclusion, stimulate economic activities across all the three senatorial zones in the state,” he said.
He called on the contractors to deliver the project with the highest standard of engineering professionalism and compliance with environmental and social safeguard.
The Coordinator also called on the communities to take ownership of the roads and take care of and protect them.
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