Tag: Emefiele

  • Emefiele out of custody after securing bail

    Emefiele out of custody after securing bail

    Frail-Looking Godwin Emefiele yesterday walked his way to freedom from the building housing the High Court of the Federal Capital Territory (FCT) in Maitama, Abuja.

    The former Central Bank of Nigeria (CBN) governor was brought to the court in the company of operatives of the Economic and Financial Crimes Commission (EFCC), some of whom were armed.

    Emefiele was dressed in a light green native attire and a cap.

    Following a ruling by Justice Olukayode Adeniyi, granting him bail and handing him to his lawyers, the anti-graft operatives retreated, leaving him to his lawyers and relatives, who led him from the courtroom into a black Sport Utility Vehicle (SUV) stationed by the court’s main entrance.

    At the mention of the case – a fundamental rights enforcement suit by Emefiele – his lawyer, Matthew Burkaa, (SAN), told the court that the EFCC produced his client in compliance with the court’s November 2 order.

    Justice Adeniyi then asked Emefiele, who was in the courtroom, to stand up to be sighted, which he (Emefiele) did.

    Satisfied, Justice Adeniyi commended the EFCC and its lawyer, Farouk Abdullah, for producing the former CBN boss in court in compliance with an earlier order.

    The judge then took arguments from lawyers to the parties on how they thought the court should proceed.

    Emefiele’s counsel prayed the court to grant his client bail, arguing that it was wrong for the Federal Government to keep Emefiele for 151 days (about five months) in custody without being charged for any offence.

    He urged the court to exercise its powers under the Administration of Criminal Justice Act (ACJA) to grant Emefiele bail.

     Burkaa added that the government and the EFCC have not shown that Emefiele was a flight risk who will not attended court when granted bail.

    On their part, lawyers to the respondents – the Federal Government, the Attorney General of the Federation, the Chairman of the EFCC and the EFCC – Oyin Koleosho and Abdullah, prayed the court not to grant bail to Emefiele.

    They noted that a charge was pending against Emefiele for which his arraignment has been scheduled for November 15.

    Ruling, Justice Adeniyi noted the order was made pursuant to the provision of Order 4 Rule 4(C)(i) of the Fundamental Rights Enforcement (Procedure) Rules, which were made pursuant to the provision of Section 46(2) of the Constitution

    He noted that from the documents filed by the respondents in the case – a fundamental rights enforcement suit by Emefiele – two issues stood out.

     The first, he noted, was that a charge was pending against Emefiele before another judge of the court, in which arraignment has been scheduled for November 15.

    The second, the judge said, was that the EFCC also brought to the court’s attention a copy of a remand order it claimed to have obtained from a Magistrate Court in Abuja.

    He said that despite the identified issues, the fact that Emefiele was kept in state’s custody for about 151 days without being arraigned before a court in relation to any criminal offence, was of utmost concern to the court.

    Justice Adeniyi added: “Even where a remand order subsists, the court is empowered under Section 298(2) of the Administration of Criminal Justice Act (ACJA) to make any orders it considers necessary during the remand period.

    Read Also: Tinubu leads ministers, others to Saudi-Africa

    “I must emphasize that the essence of the exercise today is not for counsel on both sides to argue or debate on whether or not the court should admit the applicant (Emefiele) to bail. The order of the court of November 2, 2023 is already clear on that.

    “The exercise today only becomes necessary for the refusal of the 3rd and 4th respondents to abide by the first option given by the court in its order of November 11, which is to release the applicant unconditionally.

    “He said although the court has been informed that Emefiele would be arraigned on November 15, which is not a certainty, cannot preclude his court from admitting him to bail in the interim.

    “There must be an end to detention without trial. There are no compelling facts placed before this court that if the court admits the applicant to bail, he shall not attend the arraignment as scheduled.

    “Without any further ado, I hereby order that the applicant be released on bail to his learned senior counsel – Matthew Burkaa (SAN), J. J. Usman (SAN) and Magaji Mato Ibrahim (SAN) – who are hereby charged with the responsibility of producing him in court on the 15/11/2023, the date scheduled for his arraignment or any such other date as the case may be.

    “In addition, the applicant shall transmit and deposit all his international traveling documents with the senior registrar of this court pending his formal arraignment or pending the hearing and determination of  the applicant’s substantive motion on notice filed before this court, whichever is earlier in time,” the judge said.

    Some angry individuals within the court premises jeered at Emefiele. But, the former CBN governor was shielded by his lawyers.

    He was overheard asking his lawyers if they were sure the EFCC operatives will not come back for him.

    As he walked from the third floor (where the courtroom is located) to the ground floor and into the waiting car, some of the called him unprintable names and charged at him.

    His lawyers and some family members around promptly assisted him into the waiting car, owned by one of the lawyers and hurriedly drove out of the court’s premises.

  • UPDATED: EFCC releases Emefiele after court grants ex-CBN chief bail

    UPDATED: EFCC releases Emefiele after court grants ex-CBN chief bail

    Looking frail and older, Emefiele walked away unhindered from the building housing the High Court of the Federal Capital Territory (FCT) in Maitama on Wednesday afternoon.

    Emefiele, dressed in light green native attire and a cap, was brought to the court about two hours earlier by a group of operatives of the Economic and Financial Crimes Commission (EFCC), some of whom were armed.

    But, following a ruling by Justice Olukayode Adeniyi, granting him bail and handing him to his lawyers, the EFCC operatives retreated, leaving him to his lawyers and relatives who led him from the courtroom into a black sport utility vehicle (SUV) stationed by the court’s main entrance.

    At the mention of the case – a fundamental rights enforcement suit by Emefiele – his lawyer, Matthew Burkaa (SAN) told the court that the EFCC has produced his client in court in compliance with the court’s November 2 order.

    Justice Adeniyi then asked Emefiele, who was seated in the courtroom, to stand up to be sighted, which he (Emefiele) did.

    Satisfied, Justice Adeniyi commended the EFCC and its lawyer, Farouk Abdullah for producing Emefiele in court in compliance with the order made by the court on November 2.

    The judge then took arguments from lawyers to parties on how they thought the court should proceed, following which lawyer to Emefiele, Burkaa  prayed the court to grant his client bail.

    Burkaa argued that it was wrong for the Federal Government to keep Emefiele for 151 days , about five months, in custody without being charged for any offence.

    He urged the court to exercise its powers under the Administration of Criminal Justice Act (ACJA) to grant Emefiele bail.

    Burkaa added that the Fed Govt and the EFCC have not shown that Emefiele was a flight risk who will not attended court when granted bail.

    On their part, lawyers to the respondents – the Federal Government of Nigeria, the Attorney General of the Federation, the Chairman of the EFCC and the EFCC- Oyin Koleosho and Abdullah prayed the court not to grant bail to Emefiele.

    They noted that a charge was pending against Emefiele for which his arraignment has been scheduled for November 15.

    Ruling, Justice Adeniyi noted  the order was made pursuant to the provision of Order 4 Rule 4(C)(i) of the Fundamental Rights Enforcement (Procedure) Rules, which were made pursuant to the provision of Section 46(2) of the Constitution

    He noted that from the documents filed by the respondents in the case – a fundamental rights enforcement suit by Emefiele – two issue stood out.

    The first, he noted, was that  a charge was pending against Emefiele before another judge of the court, in which arraignment has been scheduled for November 15.

    The second, the judge said,  was that the EFCC also brought to the court’s attention a copy of a remand  order it claimed to have obtained from a Magistrate Court in Abuja.

    He said despite the identified issues, the fact that Emefiele was kept in state’s custody for about 151 days without  being arraigned before a court in relation to any criminal offence, was of utmost concern to the court.

    Justice Adeniyi added: “Even where a remand order subsists, the court is empowered under Section  298(2) of the Administration of Criminal Justice Act (ACJA) to make any orders it considers necessary during the remand period.

    Read Also: Tinubu’s administration committed to Niger Delta development – Shettima

    “I must emphasize that the essence of the exercise today is not for counsel on both sides to argue or debate on whether or not the court should admit the applicant (Emefiele) to bail. The order of the court of November 2, 2023 is already clear on that.

    “The exercise today only becomes necessary for the refusal of the 3rd and 4th respondents to abide by the first option given by the court in its order of November 11, which is to release the applicant unconditionally.

    “He said although the court has been informed that Emefiele would be arraigned on November 15, which is not a certainty, cannot preclude his court from admitting him to bail in the interim.

    “There must be an end to detention without trial. There are no compelling facts placed before this court that if the court admits the applicant to bail, he shall not attend the arraignment as scheduled.

    “Without any further ado, I hereby order that the applicant be released on bail to his learned senior counsel – Matthew Burkaa (SAN), J. J. Usman (SAN) and Magaji Mato Ibrahim (SAN) – who are hereby charged with the responsibility of producing him in court on the 15/11/2023, the date scheduled for his arraignment or any such other date as the case may be.

    “In addition, the applicant shall transmit and deposit all  his international traveling documents with the Senior Registrar of this court pending his formal arraignment or pending the hearing and determination of  the applicant’s substantive motion on notice filed before this court, whichever is earlier in time,” the judge said.

    But for the fact the Emefiele was shielded by his lawyers, he would have been attacked by some angry individuals, who witnessed the court’s proceedings and were unhappy that the ex-CBN Governor was granted bail.

    Emefiele, who looked troubled, was overheard asking his lawyers if they were sure the  EFCC operatives will not come back for him.

    As he walked from the third floor (where the courtroom is located) to the ground floor and into the waiting car, some of the angry individuals were shouting thief,  thief, as they made effort to reach him.

    His lawyers and some family members around promptly assisted him into the waiting car owned by one of the lawyers, and it immediately exited the court’s premises.

  • BREAKING: Court grants Emefiele bail

    BREAKING: Court grants Emefiele bail

    A High Court of the Federal Capital Territory (FCT) in Maitama has granted bail to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

    Justice Olukayode Adeniyi admitted Emefiele to bail in a ruling delivered a moment ago and handed him to his lawyers, who shall produce him in court on November 15 when he is scheduled to be arraigned before another judge of the High Court of the FCT in a charge earlier filed by the EFCC against him and one other person.

    Read Also: EFCC produces Emefiele before Abuja court

    The lawyers are Matthew Burkaa (SAN), Johnson Usman (SAN), and Magaji Ibrahim (SAN).

    Details shortly….

  • EFCC produces Emefiele before Abuja court

    EFCC produces Emefiele before Abuja court

    The Economic and Financial Crimes Commission (EFCC) a moment ago, brought former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele before a High Court of the Federal Capital Territory (FCT) in Maitama.

    Dressed in light green native attire and a cap, Emefiele was led into the courtroom by some official of the EFCC.

    His production in court on Wednesday afternoon is in compliance with the order made on November 2.

    Read Also: Guber polls: NSCDC deploys 22,600 personnel to Kogi, Imo and Bayelsa

    Justice Olukayode Adeniyi had, on November 2 while ruling on an ex-parte application by Emefiele, ordered the EFCC to either release him unconditionally or produce him on November 6 for the court to grant him bail.

    Justice Adeniyi restated the order on November 6 when the came came up, but the EFCC neither released nor produced him in court.

    The courtroom is currently packed, awaiting the judge’s arrival and for proceedings to commence.

    Details shortly…

  • EFCC grills Emefiele over alleged $15b foreign debts, new currency

    EFCC grills Emefiele over alleged $15b foreign debts, new currency

    • AGF seeks Tinubu’s approval for EFCC to take over ex-CBN gov’s probe
    • Special Investigator Obazee submits interim report to President

    The Economic and Financial Crimes Commission (EFCC) yesterday began a full-scale probe of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, with alleged $15 billion foreign debts topping the investigation.

    Emefiele will also account for how the apex bank spent N74.84 billion to produce and roll out currencies, including new naira notes.

    The allegations are in addition to alleged fraud uncovered by the Special Investigator, Jim Obazee, who is looking into the activities of the CBN.

    Obazee, whose committee is collaborating with the Federal Bureau of Investigation of the Nigeria Police, has also submitted an interim report on the CBN to President Bola Ahmed Tinubu.

    It was learnt yesterday that the ex-CBN governor was transferred from the Department of State Services (DSS) to the EFCC because the fresh investigation is not covered by the mandate of the security agency.

    The DSS does not have the core competence to investigate the weighty allegations of financial crimes against Emefiele, a highly placed source said yesterday.

    There were fears that if the DSS continues with the investigation, the ex-CBN governor might win in court on technical grounds.

    The source said only the EFCC can put Emefiele on trial, not the DSS, based on the findings made so far.

    Emefiele was transferred (technically released) to EFCC on Thursday afternoon to allow for in-depth investigation and trial.

    The swap was kept under wraps in order to avoid what the source described as a “distraction.”

    Having appraised the allegations against Emefiele and the interim report on the ongoing probe of the CBN, the Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi (SAN) sent an advisory to the President that the EFCC is the right agency to probe Emefiele, it was learnt.

    “As a man of due process, the President approved the advisory of the AGF. It was on this basis that the DSS handed over Emefiele to the EFCC on Thursday,” The Nation learnt yesterday.

    Read Also: EFCC grills Emefiele over alleged $15b foreign debts, new currency

    About two to three weeks ago, the Special Investigator on CBN activities, Jim Obazee, submitted an interim report to the President with a lot of findings requiring in-depth investigation. This was another reason the AGF was very strong in his opinion that the EFCC should manage the ongoing probe.

    “The truth is that such an investigation is not within the mandate of the DSS. Or else, if Emefiele is put on trial by the DSS, he will win on technical grounds,” the highly placed source said.

    At press time, it was confirmed that a panel of EFCC operatives had started grilling Emefiele on the allegations against him, including the following:

    •Alleged foreign debts of $15 billion

    •Spending of N74. 84 billion on Naira redesign, production and roll out of currencies

    •Alleged fraud in Anchor Borrowers Scheme

    •Suspicious audit of CBN accounts

    •Acquisition of bank, Fintech licences by some top officials of CBN

    •Award of suspicious billions of Naira contracts

    Another source in EFCC added: “Emefiele is in our custody and he is already responding to issues or allegations raised for him from a team under the supervision of the Director of Operation, Abdulkarim Chukkol.

    “As a commission, we won’t talk on his case in order not to compromise ongoing investigation.”

    The Head of Media and Publicity of EFCC, Mr. Dele Oyewale, was yet to pick his call at press time.

  • DSS mum over Emefiele’s release

    DSS mum over Emefiele’s release

    The Department of State Services (DSS) has kept mum over the reported release of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.

    Emefiele was reportedly released from custody on Thursday night but was promptly picked up by operatives of the EFCC.

    It could not be immediately established if he was released by the Service and thereafter arrested by the EFCC or if he was handed over officially.

    The spokesman of the DSS, Peter Afunanya, was yet to respond to inquiries over the matter at the time of filing this report.

    Read Also: My plans for the future, by Osimhen

    Emefiele has been in the custody of the secret police since June 10.

    He had been arrested over allegations of financial mismanagement among other issues, following his suspension as CBN governor on June 9 by President Bola Tinubu.

    It was also gathered that the embattled former CBN boss who faces another round of questioning, also has fresh charges against him.

    Among the top officials of the CBN that have been questioned by the DSS in relation to the issue was the then Deputy Governor of the Central Bank of Nigeria (CBN) in charge of Economic Policy, Obiora Kingsley.

    On July 25, Emefiele was arraigned on a two-count charge bordering on “illegal possession” of firearms at a federal high court in Lagos and was granted a N20 million bail. The two-count charge was later withdrawn by the federal government.

    However, a fresh 20-count charge was instituted against him over an alleged conspiracy to carry out procurement fraud, among others. However, arraignment has been stalled twice.

    Emefiele was reported to have proposed a plea bargain agreement with the federal government including resignation from office among other conditions.

    Details soon…

  • AGF: no plea bargain deal yet with Emefiele

    AGF: no plea bargain deal yet with Emefiele

    The Federal Government has distanced itself from a report that it had executed a non-prosecution plea bargain with former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

    In a statement yesterday in Abuja, the office of the Attorney General of the Federation (AGF) said the government had no such a deal even though Emefiele’s legal team mentioned it during a court hearing.

    The statement by the Director of Press and Public Relations in the Federal Ministry of Justice, Modupe Ogundoro, reads: “The attention of the Office of the Attorney General of the Federation and Minister of Justice has been drawn to a report …alleging that the former Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, and the Federal Government of Nigeria, have agreed to a non-prosecution plea bargain arrangement.

    “The report further alleges that Mr. Godwin Emefiele and the Federal Government of Nigeria, represented by the Attorney General of the Federation and Minister of Justice, have signed a non-prosecution plea bargain agreement and that the agreement is awaiting the signature of President Bola Ahmed Tinubu, GCFR.

    Read Also: Subsidy removal: You are sabotaging Tinubu’s interventions, Osun APC tackles Adeleke

    “The Office of the Attorney General of the Federation and Minister of Justice hereby states clearly that the report is completely false.

    “It would be noted that the legal team representing Mr. Godwin Emefiele had expressed their intention in court, at the last hearing, to initiate a plea bargain arrangement.

    “However, no such arrangement has been reached with Mr. Godwin Emefiele or his representatives.

    “We wish to advise the media and members of the public to kindly disregard the said false report.

    “The Office of the Attorney General of the Federation and Minister of Justice will continue to take all actions in the interest of the Nigerian public.”

  • AGF says no plea bargain deal yet with Emefiele

    AGF says no plea bargain deal yet with Emefiele

    The federal government has refuted claims suggesting that it entered into a non-prosecution plea-bargain agreement with the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

    The office of the Attorney General of the Federation (AGF), in a statement on Sunday, October 1, said no such deal currently exists, even though Emefiele’s legal team had spoken about it during a court hearing.

    The statement was signed and issued by the Director (Press and Public Relations) Federal Ministry of Justice, Modupe Ogundoro.

    It reads: “The attention of the Office of the Attorney General of the Federation and Minister of Justice has been drawn to a report by Sahara Reporters alleging that the former Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, and the Federal Government of Nigeria, have agreed to a non-prosecution plea bargain arrangement.

    Read Also: Dispute stalls Federal Govt, Emefiele plea bargain talks

    “The report further alleges that Mr. Godwin Emefiele and the Federal Government of Nigeria, represented by the Attorney General of the Federation and Minister of Justice, have signed a non-prosecution plea bargain agreement and that the agreement is awaiting the signature of President Bola Ahmed Tinubu, GCFR.

    “The Office of the Attorney General of the Federation and Minister of Justice hereby states clearly that these reports are completely false. It would be noted that the legal team representing Mr Godwin Emefiele had expressed their intention in court at the last hearing to initiate a plea bargain arrangement.

    “However, no such arrangement has been reached with Mr Godwin Emefiele or his representatives. We wish to advise the media and members of the public to kindly disregard the said false report. The Office of the Attorney General of the Federation and Minister of Justice will continue to take all actions in the interest of the Nigerian public.”

  • Dispute stalls Federal Govt, Emefiele plea bargain talks

    Dispute stalls Federal Govt, Emefiele plea bargain talks

    • Suspended CBN governor may face trial
    • Why deputy governors were dropped

    There were hints yesterday that the suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele  and other top officials  of the bank may face trial afterall.

    This follows the stalling of the plea bargain move between the Federal Government and the embattled apex bank boss.

    It was learnt that Emefiele and the affected officials of the apex bank have “not made substantial concessions on some refunds expected from them.”

    Sources said that trillions of naira were being tracked by a federal agency but only a few billions of naira was offered as refundable by some of those linked to the suspicious transactions.

    Emefiele is being held by the Department of State Service (DSS).

    It was gathered that some interceding forces and Emefiele have not made progress on the plea bargain terms.

    Despite Emefiele’s offer to step aside in August, the other aspects of plea bargain process were “not substantially met.”

    It has also been confirmed that the four deputy governors were dropped because of their alleged complacency when Emefiele was in the saddle at the apex bank.

    The  Presidency was shocked by the “massive scale of fraud and flagrant violations of the CBN Act,” it was learnt.

    It was also  learnt that following interventions, the government’s investigation, initially coordinated by a security agency, had recommended plea bargain option with Emefiele, who wanted it.

    Apart from Emefiele offering to step aside, other terms were the withdrawal of court cases against the government and the refund of substantial cash allegedly linked to him and others.

    But there were strong indications that the plea bargain option may have suffered a setback.

    Read Also: Nigeria, Cuba sign MoU on food security, agric advancement

    The source said: “Where trillions were being queried, some of those affected have offered to refund about N32 billion only.

    “The engagement of the Special Investigator has also uncovered more mismanagement of resources and questionable expenditures in CBN than what some security agencies dug up.

    “The findings of the Special Investigator have uncovered a massive rot.”

    A source within the Presidency, said the CBN was stinking. He declined to volunteer information on the plea bargain dimension.

    The source said the government might prosecute anyone indicted.

    He said: “I don’t know whether plea bargain has collapsed or not. I don’t even know if that is on the table to start with. But I know the CBN Governor and the Deputies have been removed.

    “The investigations across board are going on and Iam sure the govt will prosecute anyone who has compromised the country.”

    Investigation confirmed that the four deputy governors were replaced because of their alleged complacency.

    The Presidency source said none of the deputy governors complained when Emefiele was allegedly mismanaging the CBN.

    “Most of the DGs “actively collaborated with Emefiele on policies and decisions not in line with the CBN’s mandate,” he said.

    Those affected were Folashodun Adebisi Shonubi (Deputy Gov Operations and Acting Governor); Aisha Ahmad (Deputy Governor, Financial System Stability): Adamu Lamtek (Deputy Gov Corporate Services) and Kingsley Obiora (Deputy Governor, Economic Policy).

    The source added: “Investigation is still ongoing. The special investigator sure uncovered a lot of rots which implicated the Deputy Governors.

    “There is no way the Deputy Governors would have remained with the scale of corruption, poor corporate governance and complacency that happened under Emefiele.

    “Allowing them to remain will mean the government has condoned all that went down under their watch.”

  • Emefiele resigned in August, says associate

    Emefiele resigned in August, says associate

    IF the account of an associate of Godwin Emefiele is anything to go by, the embattled Central Bank of Nigeria (CBN) boss may have resigned his appointment at the apex bank.

    The associate, who craved anonymity, claimed Emefiele tendered his resignation letter last month while still in the custody of the Department of State Services (DSS)

    The associate was however silent on if the resignation was part of the plea bargain arrangement being negotiated between Emefiele’s team and the government team.

    Emefiele had till June 4,  next year to serve as governor of the CBN and can only be removed before then if two-thirds of the Senate allows it.

    Read Also: Fed Govt has N6tr funding gap for 2,604 road projects, says Umahi

    “In respect of the governor however, Section 11 of the CBN Act lists the only ways he can be removed; and that the President can only remove him with confirmation of 2/3 of the Senate.

    However, regarding the deputy governors, by section 11(f) of the CBN Act, the president has the powers to remove them without any requirement for senate confirmation.

    On Friday, President Bola Ahmed Tinubu nominated four replacements for the deputy governors namely: Folashodun Adebisi Shonubi (Deputy Governor Operations/Ag. governor); Aisha Ahmad Deputy Governor (Financial System Stability); Adamu Lamtek Deputy Governor (Corporate Services and Kingsley Obiora (Deputy Governor, Economic Policy).

    The replacements are: Emem Nnana Usoro; Muhammad Sani Abdullahi Dattijo; Philip Ikeazor and Bala M. Bello.

    Dr. Yemi Cardoso was nominated as the CBN governor.