CACOL calls for an independent probe over alleged N500 billion CBN theft

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. We invite you to donate to our fundraiser to help us keep our quality news free and available to all.  


The Centre for Anti-Corruption and Open Leadership, CACOL, has requested for an independent probe into a story of huge financial fraud, theft and official documents manipulation to the tune of about N500bn which was purportedly ploughed into a Dubai investment gone awry.

In a release issued by CACOL’s Coordinator, Media and Publications, Adegboyega Otunuga, on behalf of the Executive Chairman of the Centre, Mr. Debo Adeniran, he stated, “We would recollect how a popular Online Newspapers, SAHARA REPORTERSreported a scoop involving Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, and his Deputy Edward Lametek Adamu and the Director for Finance Dayo M. Arowosegbe including one of the Special Advisers to the CBN Governor, Emmanuel Ukeje who were caught on tape discussing how to cover up the loss of over N500billion stolen from the apex bank in a private investment that went bust.

“According to the online newspapers, ‘In the two authentic telephone audio tapes exclusively obtained by Sahara Reporters, the governor and top officials of the Central Bank of Nigeria haggled over plots to conceal the loss of huge sums of monies in a Dubai investment according to sources at the bank. Emefiele is heard saying in the audio to the deputy governor Adamu: “To avoid any serious problem is just, the government just needs to agree to give us at least 100 billion cash but the government will not agree. They will kick against it.’ The tapes revealed how the top officials managing Nigeria’s central bank connived and conspired to cover up financial fraud which has affected the Nigerian economy. As conversation rages on about the heist and Emefiele was discussing extensively with top officials of the bank to conceal the loss made with the shareholders’ funds from commercial banks (the monies were reportedly diverted to invest in Dubai to the tune of N500 Billion sometimes towards the end of 2018 and they reportedly lost that investment), Sahara Reporters quoted their CBN sources that, Mr. Emefiele and others in the bank eventually found a way out of their dilemma by diverting funds in possession of the CBN and also printed hard cold cash.”

[read_more id="2" more="Read full article" less="Read less"]

The anti-graft organization’s Boss added, “Though, the CBN, through one Issac Okorafor, its director, corporate communications, has confirmed the authenticity of the ‘selective conversation’ which it claimed was just a routine ‘conversations amongst Senior Management of many agencies and should not be misconstrued as anything but that’, there are threads of conversation in the tape that simply does not tally with such hand waive of the CBN Management, especially coming against the backdrop of widespread allegations of financial scams including foreign currency manipulation, money laundering and round-tripping to favor a group of politically exposed persons close to the Presidency. Hence, CACOL’s calls for the two anti-graft agencies, the Economic and Financial Crimes Commission, EFCC, and Independent Corrupt Practices and other Related Offences Commission (ICPC) to immediately wade into the matter by thoroughly investigating all allegations surrounding this story and bringing culprits (if any) into justice so as to save this nation from further embarrassment and arrest the drift into financial chaos which the alleged heist was capable of throwing the country into.”

[/read_more]

Today News Africa
Today News Africahttps://todaynewsafrica.com
TODAY NEWS AFRICA is registered and headquartered in Washington, District of Columbia, United States of America. Our publication is widely read, respected and influential. By providing daily answers to questions our readers have about the people, the businesses and the continent of Africa, we are reaching a diverse and wide audience from around the world. Our readers, many of them world leaders, trust us because we are independent and truthful. Our advertisers understand the difference between news, views and ads. Contact us: contactus@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

Damning report finds detainees in Iran were sexually abused and given electric shocks in gruesome post-protest crackdown

Iran’s police, intelligence and security forces, and prison officials have committed, with the complicity of judges and prosecutors, a catalogue of...

Anxiety in Africa as Johnson & Johnson conceals critical details about COVID-19 vaccine illness

Anxiety continued to mount across Sub-Saharan Africa on Monday over COVID-19 vaccine trials by Johnsons & Johnson, as the company continued...

Joe Biden wins last presidential debate against Donald Trump

Joe Biden was surprisingly aggressive, it was perhaps the best debate he has had in 2020.Republicans...

Many shot, many killed, blood everywhere, as Africa’s most populous country slips into chaos

Nigeria, Africa's most populous country with more than 200 million people, is slipping into chaos. In the commercial city of Lagos,...

South Africa launches $6 billion COVID-19 employment stimulus

South Africa has launched a $6 billion (R100 billion) COVID-19 employment stimulus to be implemented over the next three years.

Nigerians in USA to hold ‘mother of all protests’ against police brutality and bad governance in their home country

Nigerians in the United States would hold the 'mother of all protests' on Saturday against police brutality and bad governance in...

Trump says Sudan to be removed from terrorism list if it pays $335 million in compensation

President Donald Trump on Monday said Sudan will be removed from the U.S. list of state sponsors of terrorism once it...

African Union welcomes signing of permanent cease-fire between rival forces in Libya

The African Union on Sunday welcomed the signing of a permanent cease-fire between rival forces in Libya.

Videos and satellite imagery confirm security forces fired live bullet at protesters in Guinea

Witness testimonies, satellite imagery and videos analyzed and authenticated by Amnesty International confirm that defense and security forces in Guinea have...

Vice President Mike Pence’s top advisers, including his chief of staff, test positive for coronavirus

U.S. Vice President Mike Pence's chief of staff Marc Short, and two other top aides have tested positive for coronavirus.

Nigerians in USA hold protest against bad governance and police brutality in their home country

Nigerians in the United States on Saturday held a protest against bad governance and police brutality in their home country, shed...

Ethiopia’s Prime Minister erupts in anger after Trump’s Nile dam comments, says “Ethiopians have never kneeled to obey their enemies”

Ethiopia's Prime Minister Abiy Ahmed says his country "will not cave in to aggression of any kind" after President Donald Trump...

AstraZeneca and Oxford COVID-19 vaccine trials resume in US. They had continued in Africa

The Food and Drug Administration on Friday authorized trials of a vaccine being developed by pharmaceutical company AstraZeneca and Oxford University...

Johnson & Johnson resumes COVID-19 vaccine trials without providing information over illness as anxiety remains in Africa

Johnson & Johnson on Friday announced that it was resuming a COVID-19 vaccine trials in the United States without providing enough...

Nigeria’s SERAP asks ICPC to probe ‘alleged hoarding of COVID-19 palliatives in several states’

Nigeria's Socio-Economic Rights and Accountability Project (SERAP) has asked the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to “promptly, thoroughly, transparently and effectively investigate the circumstances surrounding the alleged hoarding of COVID-19 palliatives in warehouses in several states, which ought to have been distributed to the poorest and most vulnerable people during the lockdown, and to publish the outcome of...

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

Share
WhatsApp
Reddit
Tweet
Share