Eko Hot Blog reports that the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank will halt its Ways and Means loans to the Federal Government. Cardoso made this known on Friday during an appearance before the Senate Committee on Banking, Insurance and other Finance Institutions, in Abuja. Ways … 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 Titan Trust Bank has reacted to the special investigative report by the Jim Obazee-led panel into the activities of the Central Bank of Nigeria (CBN) under Godwin Emefiele, stating that there was no fraud in the acquisition of Union Bank. Obazee submitted the report of his investigation into acquiring Union … 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 Jim Obaze, the special investigator appointed by President Bola Tinubu on the activities of former CBN Governor Godwin Emefiele, has submitted his report. In the report submitted to President Tinubu on December 20, Obaze outlined 17 allegations against Emefiele. These include details on the acquisition of a bank in 2019, … 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