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Court remands former Nigerian Central Bank Governor in prison over alleged N6.5bn fraud

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Former Governor of the Central Bank of Nigeria, Godwin Emefiele, has been remanded in the Kuje Prison in Abuja on the orders of a Federal High Court after he was arraigned on a 20-count fraud charge to the tune of N6.5 billion.

The former CBN Governor, who was one of the most powerful men in the administration of ex-President Muhammadu Buhari, has been standing trial on an alleged procurement fraud after he was arrested following his suspension by President Bola Tinubu in June.

At his arraignment on Friday, on an amended six-count charge to the tune of N1.6 billion, Emefiele pleaded not guilty and applied for a bail which the presiding Justice Hamza Muazu rejected and ordered that he be remanded in prison till the next adjourned date.

According to the charges preferred against Emefiele, the Federal Government alleged that the disgraced former CBN Governor had illegally procured 43 vehicles between 2018 and 2020 worth N1.2 billion. He was also accused of awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.

Count one of the charge read:

“That you, Godwin Ifeanyi Emefiele, male, adult, sometime in 2018 within the jurisdiction of this Honourable Court did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 37 Toyota Hilux Vehicles at the cost of N854,700,000 only to April1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro is a director and thereby committed an offence.”

The second count reads that Emefiele had used his position as the CBN head to corruptly confer an advantage on Yaro, a staff of the Central Bank of Nigeria, by awarding a contract for the supply of one Toyota Avalon at the cost of N99,900,000, to April1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro was a Director, and thereby committed an offence.

In the third count, Emefiele was also accused of conferring corrupt advantage contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000 by awarding a contract for the supply of one Toyota Landcruiser V8 to April1616 Investment Ltd in 2019 at the cost of N73 million.

The fourth count said he also awarded an illegal contract to purchase a Toyota Landcruiser V8 valued N73,800,000 to the same April1616 Investment Ltd.

In the fifth count, the government accused Emefiele of also awarding a contract to Yaro for the supply of two Toyota Hilux Shell Specification Vehicles at the cost of N44,200,000 in 2020.

In his ruling, Justice Muazu ordered that Emefiele be kept in prison till November 22 for ruling on his bail application, and fixed November 28 for the commencement of trial.

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Mapanza traditional council shares positive outlook on media rights, freedom of expression

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Jonathan Muchindu, a representative of the Traditional Council of Mapanza Chiefdom in Choma District, Southern Province, Zambia, asserts that the media in Zambia currently enjoys “total” freedom of expression.

Muchindu attributed this position to the advancement of civilization, which he identified as a significant factor in ensuring media freedom.

He emphasized the role of the media in providing citizens with the necessary information to make informed decisions.

In an exclusive interview with Zambia Monitor in Choma, Muchindu, who also serves as the Director of the Zambia Corruption Prevention Watchdog, described the media and its content as essential elements akin to “food on the table.”

“We are truly privileged to witness the advancements in civilization. Previously, the media was confined to the hands of a few individuals, and its reach was limited.

“However, with the advent of technology, accessing news through various platforms such as radio and television has become commonplace.

“The media has evolved into an indispensable source of information, and its participation is now integral to our daily lives,” he remarked.

When questioned about the operational landscape of the media, Muchindu expressed confidence that no media entity currently faces undue interference or censorship.

“From our perspective, both in rural villages and urban centers, we have not encountered instances where journalists or media outlets have been subjected to harassment or undue influence.

“This collaborative effort had ushered in a sense of enlightenment among the populace, allowing for open discourse on governance matters, particularly in the realm of politics.

“The media enjoyed the same freedoms as ordinary citizens, and there is unequivocal liberty in its expression,” Muchindu concluded.

The declaration by the Traditional Council of Mapanza Chiefdom underscored a positive outlook on media freedom in Zambia and reaffirmed the critical role of the media in fostering informed public discourse.

This story is sponsored content from Zambia Monitor’s Project Aliyense.

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Nigeria loses N1.29trn annually to crude oil theft, vandalism— Reps Speaker

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Speaker of Nigeria’s House of Representatives, Hon. Abbas Tajudeen, has revealed that the country loses a whopping sum of N1.29 trillion to crude oil theft, pipeline vandalism and other forms of criminality in the oil sector.

Tajudeen, who spoke at the commissioning of the Nigerian Navy Training Command at Eleme, Rivers State in South-South Nigeria on Friday, said about 300,000 barrels of crude oil were also lost per day to oil theft by bunkerers.

Tajudeen who was represented at the event by the Chairman, House of Representatives Committee on Defence, Hon. Babajimi Benson, stated that the crude oil theft and pipeline vandalization has continued to pose a challenge to the Nigerian Navy which has hindered the service from rising up to its mandate of contributing to the survival of the national economy.

“Unfortunately, it is estimated that Nigeria loses over 300,000 barrels of crude oil daily to oil theft, pipeline vandalism and other forms of criminality. This has led to revenue losses estimated at N1.29 trillion annually,” the Lower Chamber Speaker said.

Speaking further on steps taken to curb the menace, Abbas said:

“Concerned about the adverse effects of oil theft in Nigeria, I inaugurated a special committee on Crude Oil Theft Loses on November 22, 2023, to determine decisive remedial actions to be taken.

“I commend the Nigerian Navy on the steps taken so far, and I urge the Navy to sustain the momentum.”

Also speaking, Nigeria’s Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, thanked the Rivers State Government for the donation of the entire complex to demonstrate the existing cordial relationship between the Nigerian Navy and Rivers State.

Ogalla said the relocation of the Headquarters Naval Training Command from Lagos to Ebubu-Eleme in Rivers State would bolster human capacity development of personnel of the Nigerian Navy.

“It will also assist in providing the enabling environment for learning and enable us to carry out the statutory manning of the entire state, and national security of our country.

“This is in line with Mr President’s mandate given to us to provide the enabling environment for the harnessing of the enormous economic potential inherent in our blue economy for the overall good, national prosperity and development.”

The Naval chief assured that the Nigerian Navy would continue to carry out operations to ensure security of the nation’s maritime domain as well as secure Rivers State and the entire Niger Delta region.

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