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CBN’s Investigator’s Report False, Says Emefiele
Embattled former Governor of the Central Bank of Nigeria has denied a report by Central Bank of Nigeria’s private investigator, Jim Obazee, that he lodged £543, 482,213 in fixed deposits in UK banks alone without authorisation among other allegations.
Emefiele made this known Sunday night in a signed statement entitled, “Re: Emefiele, others stole billions, illegally kept Nigeria’s funds in foreign banks” which was made available to our correspondent.
The Punch had exclusively reported that Obazee revealed that the former CBN governor illegally lodged billions of naira in foreign currencies 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.
However, Emefiele on Sunday said the report was misleading and a calculated attempt to disparage his person, injure his character and serve the selfish interest of the private investigator.
He said, “I have gone through the publications, and I say boldly that the contents of the said publications are false, misleading and calculated to disparage my person, injure my character and serve the selfish interest of the private investigator.
“Because of my present situation, I have been advised by my lawyers not to say anything in respect of the matters which have been submitted to the court for adjudication. However, I need to address some of the issues raised in the publication which are barefaced lies told by the investigator in order to achieve his satanic agenda
“First, it was reported that contrary to the provision of the CBN Act 2007, there was no presidential approval for the Naira redesign. I wish to state unequivocally that there was indeed a presidential approval, and the said approval was handed over to the same Jim Obazee during the process of his investigation in the presence of senior CBN officials and his own investigative team.
“Moreover, the former President Muhammadu Buhari GCFR has stated on a number of occasions that he authorised and approved the Naira redesign. I am therefore at a loss as to why Mr. Jim Obazee will mislead Nigerians that there was no presidential approval.
“The report also claimed that the sum of 6.23 million dollars was withdrawn from the CBN vault based on a false presidential directive bearing the signature of the former president Muhammadu Buhari GCFR and that of the former secretary to the government of the federation (SGF), Mr. Boss Mustapha.
“About two weeks ago, Jim Obazee in the company of a certain Deputy Commissioner of Police from Force CID came to Kuje to ask me questions in respect of the said document in the presence of my lawyers. I stated verbally and in writing that I have no knowledge of such a directive from the former president and the former SGF. In fact, I told them that that was the first time I would be seeing the documents. “On this, I challenge Jim Obazee to publish the said documents and also the statements that I made to them.
“The final issue that I would like to respond to is the issue of the 593 accounts which were purportedly opened in different parts of the world. I state categorically that I am not involved in the opening of these accounts and I do not have knowledge of their openings. The fixed deposits in those foreign accounts are definitely outside my knowledge.
“However, let me state clearly, that the relevant departments of the CBN have the authority to carry out such activities in line with their lawful mandate within the CBN.
“I, therefore, join well-meaning Nigerians who have spoken on this matter and have demanded a thorough and transparent investigation of all these alleged frauds.
“Meanwhile, I have instructed my lawyers to immediately commence the legal process to clear my name from the defamatory statements contained in the report and by extension the publications.”
Secretary of State, Marco Rubio, is putting Nigeria back on the watchlist, reversing a Joe Biden-era policy due to the extermination of Christians, Fox News reports.
The US President, Donald Trump, on Friday, ordered the designation of Nigeria as a Country of Particular Concern, saying that Christians in Nigeria are facing an existential threat. He also called on American lawmakers to investigate the mass slaughter.
A day later, Trump revealed that he had ordered the Pentagon to prepare for possible action in Nigeria as he continued accusing the Federal Government of violence against Christians.
Trump, who posted a statement on his social media handle, said that if the Nigerian government continues to allow the killing of Christians, US troops will be ordered to enter Nigeria and wipe out terrorists.
He said: “If the Nigerian Government continues to allow the killing of Christians, the U.S.A. will immediately stop all aid and assistance to Nigeria, and may very well go into that now disgraced country, “guns-a-blazing,” to completely wipe out the Islamic Terrorists who are committing these horrible atrocities.
”I am hereby instructing our Department of War to prepare for possible action. If we attack, it will be fast, vicious, and sweet, just like the terrorist thugs attack our cherished Christians! Warning: The Nigerian government better move fast!”
However, Fox News is now reporting that Trump’s directive has been carried out as Rubio is putting Nigeria back on the watchlist.
Source: Fox News
The Federal High Court in Abuja, on Tuesday, gave the leader of the Indigenous People of Biafra, Nnamdi Kanu, until November 5 to defend the terrorism charges filed against him or risk waiving his right to do so.
The trial judge, Justice James Omotoso, advised Kanu to consult legal practitioners experienced in criminal law to assist with his defence or to formally appoint a lawyer to represent him in court.
Justice Omotosho’s decision followed Kanu’s continued refusal to open his defence, insisting that there was no valid charge pending against him.
Kanu, who represented himself during Tuesday’s proceedings, told the court that he would not return to detention unless the charges against him were properly presented.
He argued that his continued detention by the Department of State Services was unlawful, maintaining that he had not breached any known law.
He also accused the court of disregarding the Supreme Court’s judgment which, according to him, condemned his extraordinary rendition from Kenya.
He demanded that the trial judge immediately discharge him from custody.
When reminded that the Supreme Court had ordered a fresh trial, Kanu maintained his position that the terrorism charge was invalid and incompetent.
Citing Section 36(12) of the 1999 Constitution, he argued that there was no existing law creating a terrorism offence in Nigeria.
“In Nigeria today, the Constitution is the supreme law. There is no valid charge against me. I will not go back to detention today. The Terrorism Prevention and Prohibition Act has been repealed. I cannot defend myself under a repealed law,” Kanu said.
He further challenged any lawyer to show him a valid charge, urging the court to “take judicial notice” of what he claimed was the repeal of the terrorism law.
“I cannot be tried under a law that has been repealed. Prosecuting me under such a law is a violation of my fundamental rights,” he insisted.
After several attempts to persuade him to enter his defence, Justice Omotosho adjourned proceedings until November 5, 2025, giving Kanu the final opportunity to either defend the charge or forfeit his right to do so.
During the session, counsel for the Federal Government, Adegboyega Awomolo (SAN), informed the court that some documents served on him by Kanu were unsigned and not endorsed by the court, arguing that they held no evidential value.
There was drama in the Senate on Tuesday following the recent threat by Donald Trump, the President of the United States to take military action against Nigeria over alleged persecution of Christians.
It started when Godswill Akpabio, the Senate President, was addressing reports by an online platform alleging that he had publicly rebuffed Trump over his recent comments and had said Nigerians were “not complaining” about their condition.
The visibly displeased Senate President denied ever making such statements, describing them as “false and malicious.”
He condemned the publication, saying it was an attempt to create diplomatic tension and discredit the National Assembly.
“The fake report claimed I said Nigerians are not complaining that we like the way we are living. That is completely false. I have petitioned the police and the DSS,” he said.
Akpabio said, “Somebody will sit in the comfort of his room and fabricate a report, attaching fake pictures from 2023 when I visited Port Harcourt with senators for a completely different event, and then claim that the Senate President replied President Trump.
“Who am I to answer Trump?” Akpabio asked jokingly.
The issue, however, sparked heated reactions on the floor of the Senate as Akpabio, and his deputy, Barau Jibrin, openly differed on how the Nigerian legislature should respond.
While Akpabio dismissed reports that he had already reacted to Trump’s comments, declaring, “Who am I to answer Trump?”, Barau quickly interjected, insisting that he was not afraid of the American leader.
“I’m not scared of Trump. I will say my mind. I’m a Nigerian. Nigeria is a sovereign nation,” Barau said passionately.
The Deputy Senate President added, “I’m a parliamentarian, the Deputy Senate President, I can speak. Don’t be scared of Trump. You can say your mind about Trump. We are a sovereign nation.”
The exchange, which briefly lightened the mood in the chamber, underscored a divide in tone between both presiding officers on how Nigeria’s parliament should handle the diplomatic row.
“It is the Presidency that will respond to President Trump, not the Senate President. But who is that person that would ascribe a comment to me when I was never contacted?”
Akpabio urged security agencies to investigate and prosecute those behind the viral story, describing it as an effort to “cause friction and bring the Nigerian Senate into disrepute.”
“I believe the Cybercrimes Unit of the police, the DSS, and others should find that character out. This is meant to sow division. Social media should not be allowed to break Nigeria,” he added.
The Senate President, however, noted that the Red chamber would take an official position on Trump’s remarks once the federal government had clarified its stance.
He said, “When the executive responds, we will take a position as a Senate. Until then, no one should speak for this institution.”
Over the weekend, Trump declared via social-media that Nigeria faces “an existential threat” to its Christian population and warned that the U.S. may deploy troops or conduct air-strikes if the Nigerian government fails to halt the killings.
He instructed the Pentagon to prepare for possible action and threatened to cut all U.S. aid to Nigeria.
In tandem, the U.S. re-added Nigeria to its “Country of Particular Concern” list for religious freedom violations.
The Nigerian government rejected the designation and the characterisation of persecuting Christians, insisting that Nigeria protects religious freedom for all.
Source: businessday.ng
