SHOCKING or IS IT?: Emefiele refunds N4tr, Lemo $500m, $275m & N1.5tr found with Buhari’s PA

MaTaZ ArIsInG
Texas

The former Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has reportedly negotiating to, or refunded a whopping N4 trillion to the coffers of the Federal Government stolen while he was the at the helm of affairs of the apex bank.

According to a source close to the investigators, besides reportedly returning N4 trillion, Emefiele also allegedly gave up ownership of six banks linked to him. This is as part of a plea bargain deal to avoid prosecution over alleged fraud at the apex bank.

It was reported that Emefiele was arraigned last week by the Economic and Financial Crimes Commission (EFCC) on a six-count charge of procurement fraud involving N1.6 billion. This was a reduced charge from the initial 20 counts of N6.5 billion that he faced. He has been remanded at Kuje Correctional Centre pending the outcome of his trial.

However, according to ThisNigeria, Emefiele is seeking to negotiate with the government to refund some of the money he allegedly looted from the CBN in exchange for a lenient sentence or a dismissal of the case.

A reliable source told the newspaper that the amount Emefiele is willing to return is a fraction of what he actually stole from the CBN. The source said: “He is willing to refund some money to secure a plea bargain, but I can’t give you a figure. Even what he wants to return is a scratch from what we believe he owns.”

Another source revealed that the N1.6 billion Emefiele is being tried for is just the tip of the iceberg, as the ongoing investigations by the Special Investigator, Jim Obazee, may have uncovered a massive fraud by the former CBN governor to the tune of N3 trillion.

“The N1.6 billion that Emefiele is being charged for is the tip of the iceberg which the EFCC has arraigned him for. It is a slap on the wrist as what the Special Investigator may have uncovered is up to the tune of N3 trillion,” he said.

Another top CBN source disclosed that Emefiele allegedly misappropriated funds from various sources, including the COVID-19 funds and the Anchor Borrowers scheme, which were meant to support the economy and the farmers.

He also said that Emefiele was involved in foreign exchange manipulation, abuse of CBN rules, and other shady deals.

He further claimed that Emefiele operated over 300 accounts without Bank Verification Numbers (BVN) through family members and proxies.

“Some of the names were those of close family members,” he added.

The source also stated that the main subhead through which Emefiele perpetrated the alleged fraud was the ’Ways and Means’ of the CBN, which is a mechanism for the CBN to lend money to the government

In a related development, the source revealed that a former CBN Deputy Governor, Tunde Lemo, also reportedly refunded $500 million embezzled taxpayers’ money.

The most shocking of all, however, was the discovery of $275 million in the bank account of a six year old son of Sabiu Yusuf, a.k.a Tunde, a Personal Assistant to former President Muhammadu Buhari.

Also discovered was another N1.5 trillion in the personal account of the former Personal assistant to former President Buhari.

The source said: “The Special Investigator, Jim Osayande Obazee and his committee, allegedly discovered $275 million in an account in a new generation bank belonging to six years old son of Sabiu Yusuf.

“Another N1.5 trillion also allegedly traced to Yusuf, a very influential member of the former President Mohammadu Buhari’s Govt.

“President Bola Ahmed Tinubu is currently negotiating, using some influential Nigerians on how to refund the funds without being exposed.

“Only recently, National Security Adviser, NSA, Nuhu Ribadu, lamented that the current administration inherited a bankrupt country from the Buhari’s government due to the large scale looting that occurred then.”

It could be recalled that Tinubu employed the services of Mr. Obazee, a Special Investigator, to investigate the activities of CBN under Emefiele and related entities.

So far, Obazee has recovered over N12 trillion looted mostly by members of the former President Buhari’s administration.

The source also claimed that the committee has also rejected several millions of Dollars in bribe offers from former members of the Buhari’s Government to avoid being arrested and exposed.

But why?

Click To Join MA WhatsApp Community

MaTaZ ArIsInG

SUBSCRIBE TO OUR NEWSLETTER NOW

Support MATAZ ARISING’ journalism of integrity and credibility.

Good journalism ensure the possibility of a good society, an accountable democracy, and a transparent government.

We ask you to consider making a modest support to this noble endeavour.

0.00USD

Amount
0.00

TEXT AD: To advertise here – Email ad@matazarising.com

LATEST POSTS