Former Central Bank Governor, Emefiele Would Have Faced Firing Squad If He Was In China – Presidency

 

 

 

 

 

 

 

 

 

The President Bola Tinubu-led Nigerian government has stated that the immediate past Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, would have been killed by a firing squad if it happened that he was living in China.

This was stated by President Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga while reacting to the Special Investigation on CBN and Related Entities, Chargeable Offences report.

The Presidential aide added that Emefiele and his cronies would not be allowed to live in China for allegedly misappropriating public funds.

According to Jim Obazee’s research, Emefiele misappropriated monies while serving as governor of the Central Bank of Nigeria.

According to the report, the former CBN governor opened bank accounts without the permission of the apex bank’s Board of Directors or Investment Committee.

According to the study, Emefiele unlawfully deposited billions of naira in 593 bank accounts in the United States of America, the United Kingdom and China.
Obazee disclosed that Emefiele deposited £543,482,213 in fixed deposits in UK banks alone without authorization.

Posting on X, Onanuga wrote: “If Godwin Emefiele and his gang had committed these egregious misappropriations in China, they will by now be facing the firing squad for high treason.”

The following illegalities  were said to have been found during the reign of Emefiele:

1.      Unauthorized funded 593 Bank accounts located in the UK, US, and China

2.      Fraudulent cash withdrawal of $6.23 million from CBN vault under a purported approval of the president to pay foreign election observers

3.      Gross financial misconduct by Ex CBN Governor and at least 13 other individuals, including his Deputy Governors

4.      £543.4 million kept in fixed deposit by Mr. Emefiele

5.       Manipulation of the Naira exchange rate and perpetration of fraud in the e-Naira project of the CBN

6.      The Naira Redesign was neither recommended by the Board of the CBN nor approved by the then President

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

11.      Fraudulent intervention programmes

12.      Fraudulent expenditures on COVID-19

13.      Misrepresentation of presidential approval on the NESI Stabilization Strategy Ltd.

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 4 Deputies connived to steal outrightly 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.