ACCORDING TO CBN INVESTIGATOR, EMEFIELE ALLEGEDLY RAN 593 ILLICIT OVERSEAS ACCOUNTS IN THE UK, CHINA, AND THE US.

Babatunji Wusu –

Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), is accused of managing 593 illicit bank accounts worth billions of naira in the US, UK, and China.

Special Investigator Jim Obaze has shown that there have been unapproved transactions totaling £543,482,213 in the UK alone.

In addition to the N1.2 billion procurement fraud for which Emefiele is presently being imprisoned in the Kuje Custodial Center, he also faces allegations pertaining to the CBN naira redesign policy. According to reports, he may face charges for the unauthorized issuance of money, along with 12 CBN directors and Tunde Sabiu, an advisor to former President Buhari.

The inquiry uncovers that the naira redesign project was started without the required authorization, casting doubt on the initiative’s transparency and compliance with the law. According to the report, Emefiele paid £205,00 to a UK-based company called De La Rue for the revamp.