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Special Investigation Uncovers Sordid Details of Emefiele’s Tenure at CBN

Godwin Emefiele, the former Central Bank Governor, faces allegations tied to the acquisition of Union Bank and Keystone Bank, with a government-recommended nationalization looming over the institutions, according to a report from the banks’ special investigator. In a document obtained by Outlook Nigeria, Special Investigator Sam Obazee’s report to President Bola Tinubu revealed discrepancies in […]

Emefiele’s Woes Continue, To Remain In Custody

Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), is to remain in custody as he continues to fight charges related to alleged breaches in procurement procedures. Recently, he appeared in court where the Economic and Financial Crimes Commission (EFCC) outlined six counts against him regarding the procurement process involving April1616 Investment […]

Emefiele Granted N300m Bail

Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court has granted former Central Bank of Nigeria (CBN) governor Godwin Emefiele a bail sum of N300 million, with two sureties in similar amounts. Emefiele must also surrender his travel documents, and the two sureties need to own landed property in Maitama, Abuja, and deposit […]