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Nigeria granted N34tn in import duty exemptions in 2025

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Emefiele opposes EFCC statements in alleged fraud trial

Former Governor of the Central Bank of Nigeria, Godwin Emefiele, on Friday opposed the admission of a bundle of statements the Economic and Financial Crimes Commission sought to tender as evidence in his ongoing trial over alleged $4.5 billion and N2.8 billion fraud and abuse of office. Through his lead counsel, Olalekan Ojo (SAN), Emefiele […]

Emefiele gets N300M bail in N18.96bn note printing case
Finance

Emefiele followed Buhari’s directive over locally redesigned naira — Witness

A witness, Chinedu Emere, told an Abuja High Court that the former governor of the Central Bank of Nigeria, Godwin Emefiele, complied with late President Muhammadu Buhari’s directive that the redesigned Naira be produced locally. The Economic and Financial Crimes Commission charged Emefiele with illegal act causing injury to the public. According to Vanguard, the […]

Emefiele gets N300M bail in N18.96bn note printing case
News

Court to rule on witness eligibility in Emefiele trial

Justice Hamza Muazu of an Abuja High Court on Wednesday adjourned until November 27 for a ruling on the eligibility of a witness from the Office of the Attorney-General of the Federation to testify in the trial of the former Central Bank of Nigeria Governor, Godwin Emefiele. Emefiele is being prosecuted by the OAGF in […]

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Emefiele trial stalls over disagreement on forensic phone test

The forensic examination of a mobile phone central to the $4.5 billion alleged fraud trial of former Central Bank of Nigeria Governor, Godwin Emefiele, has stalled following a sharp disagreement between the Economic and Financial Crimes Commission and the defence team over how to carry out the court-ordered test. BusinessDay reported that at the resumed […]

Abuja court gives DSS one week to charge Emefiele or release him
News

$4.5bn fraud: Court permits Emefiele to examine iPhone evidence

The Lagos State Special Offences Court in Ikeja has granted former Central Bank of Nigeria Governor, Godwin Emefiele, permission to engage forensic experts to examine WhatsApp conversations and a mobile device marked “iPhone 2” tendered as evidence in his ongoing $4.5 billion and N2.8 billion fraud trial. Justice Rahman Oshodi gave the ruling after Emefiele’s […]

Appeal Court overturns Emefiele’s asset forfeiture order
News

Appeal Court overturns Emefiele’s asset forfeiture order

The Court of Appeal in Lagos has nullified the final forfeiture of properties and funds belonging to former Central Bank of Nigeria Governor, Godwin Emefiele, which had earlier been granted to the Federal Government. In a two-to-one majority decision delivered on April 9, 2025, but obtained on Sunday, the appellate court reversed the November 1, […]

EFCC slams Emefiele with fresh charges over 753 housing units
News

EFCC slams Emefiele with fresh charges over 753 housing units

The Economic and Financial Crimes Commission has filed fresh charges against former Central Bank of Nigeria Governor, Godwin Emefiele, over the alleged illegal acquisition of a 753-unit housing estate in Abuja and unlawful control of billions of naira. The eight-count charge, filed before the High Court of the Federal Capital Territory, accuses Emefiele of colluding […]

Court frees Emefiele on N20m bail
News

Court denies Emefiele’s request to travel for medical checkup

The Federal Capital Territory High Court has denied the plea by former governor of the Central Bank of Nigeria, Godwin Emefiele which requested permission to obtain his international passport to enable him to travel to the United Kingdom for a follow-up medical check-up. It was earlier reported, that the EFCC’s legal team had opposed Emefiele’s […]

Senate approves Yuguda, Cardoso, others as MPC members
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Senate to probe Buhari regime, Emefiele over N30trn loan

By Melvin Onwubuke   The senate has launched an inquiry to how N30 trillion ways and means loans was obtained and utilized by the administration of former president, Mohammadu Buhari on Tuesday 20, 2024. According to The Punch, ways and means is a loan facility through which the CBN finances the government’s budget shortfalls. The […]

The Special Investigator appointed by President Bola Tinubu to investigate the Central Bank of Nigeria, Jim Obazee, has insisted that the Titan Trust
Business

Emefiele: TTB’s Lemo, others risk shares forfeiture, CBN investigator warns

The Special Investigator appointed by President Bola Tinubu to investigate the Central Bank of Nigeria, Jim Obazee, has insisted that the Titan Trust Bank Chairman, Tunde Lemo and the bank’s two major investors appear before it today to prove that their acquisition of Union Bank of Nigeria, followed due process or risk losing the financial institution to the Federal Government. […]

CBN clears $64.44m forex backlog for airlines
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Emefiele: Your funds are safe, CBN assures Nigerians

    The Central Bank of Nigeria has issued a strong affirmation regarding the security of funds within Nigerian banks, underscoring the stability of the nation’s banking sector. Amid circulating unverified reports, not originating from the CBN, causing concerns about the health of Nigerian banks, the apex bank urged the public to continue their regular […]

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Emefiele denies CBN corruption charges, slams private investigator

The former Governor of the Central Bank of Nigeria, Godwin Emefiele, has dismissed the allegations of corruption and theft levelled against him by a special investigation panel on CBN and other entities.   The panel, headed by a private investigator, Jim Obazee, submitted its report to President Bola Tinubu after probing the CBN’s activities under […]

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