The Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obaze, has exposed another alleged corruption under the former CBN governor, Godwin Emefiele.
According to to the final report tagged, ‘Report of the Special Investigation on CBN and Related Entities (Chargeable offences) to President Bola Tinubu on Wednesday, Emefiele, was said to have illegally lodged billions of naira in at least 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.
Obaze and his team found found that the ex-CBN governor lodged £543, 482,213 in fixed deposits in UK banks alone without any form of authorisation.
The investigator found that Buhari “didn’t approve” of the naira redesign. According to the report, it was Tunde Sabiu, his nephew, who first told Emefiele in September 2022 to consider the redesign of the naira.
According the report, on October 6, 2022, Emefiele wrote to Buhari that he wanted to redesign and reconfigure N1000, N500 and N200 notes.
“The former President tagged along but did not approve the redesign as required by law. Buhari merely approved that the currency be printed in Nigeria. The redesign was only mentioned to the board of the CBN on December 15, 2022, after Emefiele had awarded the contract to the Nigerian Security Printing and Minting Plc on October 31, 2022,’’ the documents noted.
Emefiele was said to have contracted the redesign of the naira to De La Rue of the UK for £205, 000 pounds under the vote head of the Currency Operations Department after the NSPM said it could not deliver the contract within a short timeframe.
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