Earlier in the week, Jim Obaze, the special investigator hired to investigate the massive corruption in the Central Bank of Nigeria (CBN) during the tenure of Godwin Emefiele, submitted his report to President Bola Tinubu.
The report revealled some mind-blowing corrupt practices allegedly supervised by the embattled former governor of the CBN.
From operating over 500 foreign bank accounts to using his cronies to buy some commercial banks, the documents uncovered even more damning evidences of fraud and abuse of office against Emefiele.
Politics Nigeria has compiled a list of 15 allegations levelled against Obaze.
1. Manipulation of the Naira exchange rate and fraudulent implementation of the e-Naira project of the CBN.
2. Gross financial misconduct by Emefiele, a former Secretary to the Government of the Federation (SGF) and least 12 other individuals.
3. Fraudulent cash withdrawal of $6.23 million from CBN vault under a purported approval of the president to pay foreign election observers.
4. Unauthorized funded 593 Bank accounts located in the UK, US, and China.
5.About £543.4 million kept in fixed deposit by Mr. Emefiele as well as some fraudulent intervention programmes.
6. The Naira redesign was neither recommended by the Board of the CBN nor approved by the then president, Muhammadu Buhari.
7. The CBN printed the new N200, N500, N1,000 notes at a total cost of N61.5 billion out of which N31.8 billion has been paid to the Contractor.
8. The sum of N1.73 billion was spent on questionable legal fees on 19 cases that are directly traceable to the Naira Redesign and reconfiguration agenda.
9. £205,000 was paid to a UK Firm for Naira Redesign effort – positioning of watermark, presence of QR codes, different numbering style, and other complex security features.
10. Fraudulent use of Ways & Means to the tune of N26.627 trillion.
13. Misrepresentation of presidential approval on the NESI Stabilization Strategy Ltd and fraudulent expenditures on COVID-19
14. Padding of former president Buhari’s approval with N198.96 billion – approximating N801.04 billion to N1 trillion.
15. No approvals are received from the former president and yet N500 billion was taken and debited to Ways & Means.
16. Former CBN Governor and four of his deputies connived to outrightly steal in order to balance the books of the CBN.
17. No approval for the breakdown of N22.72 trillion presented to the 9th National Assembly to illegally securitize the “Ways & Means” financing.
Emefiele has, however, not responded to any of the allegations raised by the special investigator.
