Emefiele: Politicians, business moguls named as investigators uncover over N7 trillion fraud
Photo of Goodness Adaoyiche Goodness AdaoyicheSeptember 13, 2023 2 minutes read

There are strong indications that top politicians and business moguls will be invited for questioning by the Jim Obazee-led team of special investigators mandated to probe activities of the Central Bank of Nigeria (CBN) and related entities under Godwin Emefiele.

Politics Nigeria reported that Kingsley Obiora and Aisha Ahmad, both deputy CBN governors, were recently interrogated by the Department of State Security (DSS) in connection with their roles in the affairs of the bank during Emefiele’s nine-year stint.

Fresh updates from multiple sources suggest that the team is currently analysing documents, memos and oral confessions that could lead to more arrests in the coming days.

There are indications that several foreign banks would be contacted in the course of the fast-expanding investigation.

Already, there are rising apprehensions in the offices of the regulator across the country as some directors “who must have played active roles in approving some of the deals” are being interrogated.

According to TheGuardian, the investigation is already closing in on some of the political and business associates of President Bola Tinubu.

Names of top politicians and business moguls are already being mentioned as possible culprits in the emerging saga, and there are fears the President may be forced to succumb to their demands.

Obazee is said to have gathered enough dossiers of sleazes that could send dozens to jail if prosecution is allowed to commence and sail through.

According to different sources, disbursements through different intervention programmes of the CBN and foreign exchange management are central to the investigation.

So far, the team is said to have uncovered over N7 trillion frauds linked to the embattled CBN boss. Many bank chiefs are also said to have been interrogated in connection with their roles in some of the transactions.

“The amount involved could be much more, but so far not less than N7 trillion has been uncovered. It is an ongoing exercise. Daily, more facts are being uncovered in the mind boggling crimes committed by individuals saddled with the responsibility of managing the national economy,” a source said.

Another source privy to the intense pressure the investigators have faced, said those who are directly involved in the matter are “ready to buy anybody” considering their desperation to get off the hook.

Cases of evidence destruction within and outside the CBN offices, starting from when Emefiele was arrested, have also been reported.

This is said to have slowed down some of the ongoing investigations and efforts to establish clearly how some of the frauds were perpetrated.

Anxiety over the extent of the investigation is spreading fast in the financial space as searchlight beans on “conspirators”.

“In the coming weeks, heads will roll across the board. The level of rot seen in the system could not have been perpetrated by one man. If that is the case, those who work with him could not have been angels. I don’t know the scale of sanction that will follow but I can tell you that a lot of people will not go unpunished,” the source added.

To embezzle 7 trillion naira in these times, if true is heartless and dizzying, and to say the least, unpatriotic!
.. all of the 'goats' involved must vomit our yam!!

Lol. Media trial for another eight years. You can tell the intention and direction of a govt very early.

Nigeria also has the financial ability to change the nation e.g development, creating employment and many more likes many white countries but the greedyness of the citizens both poor and rich can't work for the country...
We keep on dreaming for a better nation while the people in power keep on destroying the country because of their selfish reasons...
Africa still have a long way to go especially nigeria...

Day169:
To embezzle 7 trillion naira these times, if true is heartless and dizzying, and to say the least, unpatriotic!
.. all of the 'goats' involved must vomit our yam!!

Na this one I go de use now...😂😂😂 THE GOAT MUST VOMIT OUR YAM


KODOS TO THE PRESIDENT AND WHERE EVER HE GETS HIS WISDOM FROM.

I AM VERY IMPRESSED WITH THE WAY HE HIS RUNNING THE COUNTRY EVEN THOUGH I DIDN'T VOTE FOR HIM.

Wait for how IPOBidients will start attacking and defending Emeifiele as if they are cursed to be enemy of progress

All media trials and propaganda.

Looters camp...

They must all vomit our money oo by fire by force

Paragon311:
All media trials and propaganda.

Looters camp...

One of the enemy of Nigeria ..

Yet they want CSU to implicate Tinubu at Al cost so that their 3rd class Lord and savior would emerge as Nigeria president 😀😂


Ndi Ekpa slaves 😀😂

If Emefiele and Alison Madueke should get married their children will be able to blink at any bank and all the money in the vault will disappear.

This is the strange thing about the way they think. They are not the ones that took the case to the US court. So even if the case is ruled in his favor, it is Atiku that will benefit.

So, where then do they somehow believe that they will move from 3rd position to be declared president.

Ola9ja23:


One of the enemy of Nigeria ..

Yet they want CSU to implicate Tinubu at Al cost so that their 3rd class Lord and savior would emerge as Nigeria president 😀😂


Ndi Ekpa slaves 😀😂

No single link believe it at your own risk fake news

Na only CBN governor Tinubu go probe?I believe Charles soludo's hands are also dirty with the way he is attacking Peter Obi.So he doesn't want to be in the bad book of Tinubu because he was a former CBN governor as well.

another merry go round propaganda by politicians, at the end of the day , nothing will come out of it , Emefiele will come out a free man , take chieftancy titles and even contest elections, and the cycle continues.

we all saw how Buhari did his own media investigation and trial , same with obj and all the others .

CodeTemplar:
Lol. Media trial for another eight years. You can tell the intention and direction of a govt very early.

your emotions have washed away your sense of reasoning...you may not be able to make meaningful contribution in any aspect.

The criminals Buhari assembled to feast and loot the carcass of the Nigerian state.

Name them for the public!
Prosecute all of them!!
That’s if they’re really serious about all their so called investigations

I sincerely hate this country!

Leadership is decayed.
Judiciary is a complete mess.
Lawmakers are just politicians with selfish interests.
Law enforcement agencies are at the behest of the elites.

Then the Information arm of government that should be fierce and democratic enough to expose the ugly sides of corruption is littered with media houses and journalists who major in media sensationalism. How long do we keep up with phrases like "multiple sources indicate" or "an anonymous source close to the prime suspect but does not want his name in prints"?

You're reporting a corruption scandal involving trillions of naira of the average Nigerian tax payer's money and you can't even be detailed enough in your reportage to call names that can be contacted for verification? Why? What is data without the rudiment of fact or verifiable truth?

This is why I rate Premium Times above all media outlets in Nigeria. They'll call names and damn the consequences! This country should be auctioned on Alibaba Express abeg!

Lanretoye:
your emotions have washed away your sense of reasoning...you may not be able to make meaningful contribution in any aspect.

lol. With all the trillions Buhari discovered and probably never recovered, he still borrowed and printed money like a bushman. Be concocting excuses for a lying govt there.

lexylaw40:
Emefiele: Politicians, business moguls named as investigators uncover over N7 trillion fraud
Photo of Goodness Adaoyiche Goodness AdaoyicheSeptember 13, 2023 2 minutes read

There are strong indications that top politicians and business moguls will be invited for questioning by the Jim Obazee-led team of special investigators mandated to probe activities of the Central Bank of Nigeria (CBN) and related entities under Godwin Emefiele.

Politics Nigeria reported that Kingsley Obiora and Aisha Ahmad, both deputy CBN governors, were recently interrogated by the Department of State Security (DSS) in connection with their roles in the affairs of the bank during Emefiele’s nine-year stint.

Fresh updates from multiple sources suggest that the team is currently analysing documents, memos and oral confessions that could lead to more arrests in the coming days.

There are indications that several foreign banks would be contacted in the course of the fast-expanding investigation.

Already, there are rising apprehensions in the offices of the regulator across the country as some directors “who must have played active roles in approving some of the deals” are being interrogated.

According to TheGuardian, the investigation is already closing in on some of the political and business associates of President Bola Tinubu.

Names of top politicians and business moguls are already being mentioned as possible culprits in the emerging saga, and there are fears the President may be forced to succumb to their demands.

Obazee is said to have gathered enough dossiers of sleazes that could send dozens to jail if prosecution is allowed to commence and sail through.

According to different sources, disbursements through different intervention programmes of the CBN and foreign exchange management are central to the investigation.

So far, the team is said to have uncovered over N7 trillion frauds linked to the embattled CBN boss. Many bank chiefs are also said to have been interrogated in connection with their roles in some of the transactions.

“The amount involved could be much more, but so far not less than N7 trillion has been uncovered. It is an ongoing exercise. Daily, more facts are being uncovered in the mind boggling crimes committed by individuals saddled with the responsibility of managing the national economy,” a source said.

Another source privy to the intense pressure the investigators have faced, said those who are directly involved in the matter are “ready to buy anybody” considering their desperation to get off the hook.

Cases of evidence destruction within and outside the CBN offices, starting from when Emefiele was arrested, have also been reported.

This is said to have slowed down some of the ongoing investigations and efforts to establish clearly how some of the frauds were perpetrated.

Anxiety over the extent of the investigation is spreading fast in the financial space as searchlight beans on “conspirators”.

“In the coming weeks, heads will roll across the board. The level of rot seen in the system could not have been perpetrated by one man. If that is the case, those who work with him could not have been angels. I don’t know the scale of sanction that will follow but I can tell you that a lot of people will not go unpunished,” the source added.

spill names abeg.. let drag them

CodeTemplar:
Lol. Media trial for another eight years. You can tell the intention and direction of a govt very early.

Una want a better Nigeria but support evil. May evil befall every Emefiele support. Amen!

Paragon311:
All media trials and propaganda.

Looters camp...

Did anyone swear on you people to support crooks?

Where exactly is the love you lot professed for Nigeria?

Ola9ja23:


One of the enemy of Nigeria ..

Yet they want CSU to implicate Tinubu at Al cost so that their 3rd class Lord and savior would emerge as Nigeria president 😀😂


Ndi Ekpa slaves 😀😂

So that people like Emefiele will waik the streets free
Evil befall them. Amen!

gmo10:

Una want a better Nigeria but support evil. May evil befall every Emefiele support. Amen!

...just like it befell your father/momma and resulted in your type of creature.

If the money was stolen indeed, recover it and stop borrowing. Cotton wool brained morôn.

90% of this grand larceny are committed by north's business moguls in connivance with former president.Where is the money coming from Niger Delta because of the slavery attitudes of niger deltans ranging from religion to others.

CodeTemplar:
...just like it befell your father/momma and resulted in your type of creature.

If the money was stolen indeed, recover it and stop borrowing. Cotton wool brained morôn.

Painment

..