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EFCC declares Emefiele’s wife, three others wanted. The Economic and Financial Crimes Commission has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele and three others wanted for money laundering. Margaret Emefiele, Eric Odoh, Anita Omoile and her husband, Jonathan Omoile were declared wanted on friday night for allegedly conspiring with the former CBN Governor to convert huge sums of money belonging to the Federal Government of Nigeria and committed felony. Details of their alleged money laundering offences were revealed by the EFCC in a mugshot portrait of the four suspects late friday night.  The Commission says obtaining money by false pretences and stealing is contrary to and punishable under Sections 411, 287, and 314 of the Criminal Law of Lagos State. The EFCC urges the public to contact its nearest command or Police station for any information of the whereabouts of Margaret Emefiele and those whose portraits i...

More drama I  Nigeria'd economy and the financial sector under the President Bola Tinubu government since the start of a new year 2024. The President at some agencies have taken some drastic decisions which included the sack of some heads of agencies and suspension of a federal minister. The latest actio n is from the Apex Bank, the Central Bank of Nigeria (CBN), which has sacked the boards of Union Bank, Polaris Bank, Keystone Bank and Titan Trust Bank. The apex bank in a statement signed by its Acting Director of Corporate Communications, Sidi Hakama, said “this action became necessary due to the non-compliance of these banks and their respective boards with the provisions of Section 12(c), (f), (g), (h) of Banks and Other Financial Institutions Act, 2020.” It added that “the Bank’s infractions vary from regulatory non-compliance, corporate governance failure, disregarding the conditions under which their licenses were g...

The Federal Capital Territory High Court Abuja has awarded the sum of 100 Million Naira against the Federal Government, in favour of the former Governor of the Central Bank, Godwin Emefiele for the violation of his right to personal liberty. Justice Olukayode Adeniyi while delivering Judgment also declared that Emefiele’s prolonged detention without trial, is a flagrant violation to his fundamental rights. The court also restrained the Federal Government and its agents from re-arresting or detaining Emefiele without an order of court.  The judgment was given in a fundamental human rights suit filed by the former CBN govenor following his prolonged detention in the custody of the Department of State Services. Emefiele had asked the court to order the respondents to pay the sum of N1bn damages and to restrain them from further arresting and or detaining him. The Former CBN Governor  was arrested on June 10 shortly after his suspension by President Bola Ti...

Pomatimes gathers that the Federal Government said it will take possession of two banks that were allegedly bought at a major discount by former Central Bank Governor Godwin Emefiele, according to a report by a special investigator appointed by President Bola Tinubu. “We have completed our investigation on this acquisition and we are on the verge of recovering these two banks for the federal government,” the report said. Emefiele was suspended shortly after Tinubu took office in late May, and was later arrested and detained on charges including fraud. The Nigerian leader subsequently ordered an investigation into the monetary authority’s operations and instructed it to work with security and anti-corruption agencies. Emefiele met his bail conditions and was released Saturday, Punch Newspapers reported, citing a correctional spokesperson. The former central banker acquired two banks including Union Bank of Nigeria and Keystone Bank through several proxies from “ill-gotten we...