The Lagos State Special Offences Court in Ikeja has fixed December 12 for the hearing of an application by former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, challenging the court’s jurisdiction in his ongoing trial. Justice Rahman Oshodi scheduled the hearing following a directive from the Court of Appeal, which mandated him to address … Read more
Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Obiora, testified that the bank’s board did not recommend the 2022 naira redesign to then-President Muhammadu Buhari. Obiora, who once served as Special Adviser on Economic Matters to former CBN Governor Godwin Emefiele, stated that the board first learned of the redesign policy on … Read more
The Lagos federal high court has ordered the interim forfeiture of $2.045 million, seven landed properties, and shares linked to the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Akintayo Aluko, the presiding judge, made the order on Thursday after an application filed by Rotimi Oyedepo, a senior advocate of Nigeria (SAN), … Read more
A high court in Maitama, Federal Capital Territory (FCT), has denied former Central Bank of Nigeria (CBN) Governor Godwin Emefiele’s request to travel to the United Kingdom for a medical checkup. Eko Hot Blog reports that the presiding judge, Hamza Muazu, in a ruling on Tuesday, stated that Emefiele did not provide sufficient evidence to … Read more
EFCC Pursues Naira Redesigning Charges Against Emefiele. Charges by the EFCC allege illegal activities, including unauthorized currency printing and misappropriation of funds. This marks the third set of charges against Emefiele, escalating his legal challenges EKO HOT BLOG reports that former Central Bank of Nigeria Governor, Godwin Emefiele, is slated to be arraigned this Wednesday … Read more
By Bashorun J.K. Randle It would be something between hyperbole and premature jubilation to describe the minimum capital requirements for banks announced by Mr. Yemi Cardoso, Governor of the Central Bank of Nigeria (CBN) as a bombshell. On the contrary, the Governor of the CBN deliberately and meticulously stuck to his well choreographed strategy of … Read more
Eko Hot Blog reports that the Ikeja High Court in Lagos has ordered the remand of Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), in the custody of the Economic and Financial Crimes Commission (EFCC). The court also directed that Emefiele’s co-defendant, Henry Omoile, be held at Kirikiri Prison, both awaiting … Read more
Ex-CBN Governor, Emefiele Arrives Lagos Court For Arraignment. Allegations include arbitrary allocation of billions in foreign exchange without proper bidding. EFCC accuses Emefiele of corruption during his tenure, violating the Corrupt Practices Act. EKO HOT BLOG reports that Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, currently grappling with various challenges, made an appearance at … Read more
EKO HOT BLOG reports that the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has demanded N25 billion in damages against Senate President, Godswill Akpabio, citing defamatory statements made by the latter. In a claim that has stirred significant public interest, Emefiele’s legal action comes in response to Akpabio’s critical remarks, which attributed … Read more
EKO HOT BLOG reports that the Presidency says a controlled floatation of the naira to prevent further devaluation would only return Nigeria to the economic regime of the embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele. It said the policy, which saw about $1.5bn spent monthly to shore up the naira, fuelled financial … Read more
EKO HOT BLOG reports that the Special Investigator appointed by President Bola Tinubu to probe cases of fraud in the Godwin Emefiele-led Central Bank of Nigeria has written the International Police, National Central Bureau to place three Nigerians—a CBN staff member and two others—on its red notice. Monday’s request is connected to an alleged conspiracy and … Read more
EKO HOT BLOG reports that Former Secretary of the Government of the Federation, Boss Mustapha, said on Tuesday that $6.2m was released from the Central Bank of Nigeria in February 2023 using a forged document. Mustapha stated this when he appeared as the fourth prosecution witness in the ongoing fraud trial of the immediate-past CBN Governor, … Read more
EKO HOT BLOG reports that the Federal Government of Nigeria has amended the charges against the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, from six to twenty. The amended charges were made public on Thursday during a court appearance before Justice Hamza Muazu of the FCT High Court. Details later… Click to … Read more
Eko Hot Blog reports that Economic and Financial Crimes Commission (EFCC) has revealed that it will appeal the N100 million fine that the Federal Capital Territory High Court slammed on it for violating the right to personal liberty of former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. This news media had reported … Read more
Eko Hot Blog reports that the Federal Government has reportedly initiated actions to take control of Union Bank Limited and Titan Trust Bank Limited, intending to oust their respective boards next week. This development stems from the findings of Special Investigator Jim Obazee, appointed by President Bola Tinubu in July 2023, to scrutinize the operations … Read more
EKO HOT BLOG reports that the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has refuted claims that he opened 593 foreign bank accounts. Emefiele stated this in a statement on Sunday titled, “Re; Emefiele, other stole billions, illegally kept Nigeria’s funds in foreign banks” in response to the publication of the report … Read more
Eko Hot Blog reports that Former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has fulfilled the conditions of his bail as outlined by the court. Emefiele has therefore left the Kuje prison after meeting the N300 million bail condition. It was gathered that Emefiele’s release warrant was signed by a vacation judge, … Read more
Eko Hot Blog reports that special investigator Jim Obaze has uncovered how former Central Bank of Nigeria Governor, Godwin Emefiele illegally lodged billions of naira in no fewer than 593 bank accounts in the United States, United Kingdom, and China without the approval of the apex bank’s board of directors and the CBN Investment Committee. … Read more
Eko Hot Blog reports that an FCT High Court on Wednesday admitted the suspended Central Bank of Nigeria (CBN) Godwin Emefiele to bail in the sum of N300 million. Justice Hamza Muazu also ordered Emefiele to produce two sureties in like sum. Muazu ordered that the sureties must have certificates of occupancy and titles of … Read more
Eko Hot Blog reports that the Federal Capital Territory (FCT) High Court has ordered the remand of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in Kuje Correctional Centre in Abuja. The presiding judge, Justice Hamza Muazu, gave the order on Friday and adjourned the ruling on the bail application filed … Read more