• About Us
  • Advertise
  • Career
  • Contact Us
Sunday, June 15, 2025
  • Login
PrimeStarNews
Advertisement
  • Home
  • Politics
  • Business
  • Crime
  • Entertainment
    • All
    • Freebies
    Bimbo Akintola: I Never Faced Sexual Harassment in Nollywood

    Actress Bimbo Akintola Blames Parents for Child Harassment in Nollywood

    Not All Ibadan Indigenes Are Thieves – Actress Speaks Out

    Actress Mrs. Omilani Defends Ibadan Indigenes, Says Not All Are Robbers

    Biola Adebayo Breaks Silence on Failed Marriage, Says She’s Been Separated Since April 2024

    Biola Adebayo Confirms Marriage Collapse After over a Year of Separation

    From Widowhood to Nollywood: The Inspiring Journey of Regina Chukwu

    They Took My Son, Cut My Hair: Regina Chukwu Recounts Her Painful Widowhood Rites

    Actor Dele Odule Ranks Yoruba Traditional Rulers

    Sex in the Movie Industry is Consensual – Actor Dele Odule

    Nigerian Woman Recounts Harrowing Experience of Being Trafficked to Mali for Prostitution

    Actress Jumoke George’s Daughter, Deola Reveals How Lady Human Trafficker Sold her to Mali for 250,000CFR for Prostitution

    I was Incarcerated in Cameroon for Not Having Traveling Documents - Felicia Ishola

    Nollywood Actress-Turned-Herbalist Felicia Ishola, aka Egeremiti, Recounts Years of Struggles, Incarceration, and Survival Across Africa

    Yetunde Wumi Recalls Her Bond with Late Alade Aromire

    Actress Yetunde Wumi Confirms Marrying Alade Aromire for Three Years

    Jumoke George’s Daughter to Return Home After Four Years in Mali Trafficking Ordeal

    Nollywood Actress Jumoke George Reunites with Missing Daughter After Four Years of Trafficking Nightmare

    Davido Reveals Hidden Passion: "If Not Music, I Would Have Been a Journalist

    If Not Music, I Would’ve Been a Journalist – Afrobeats Star Davido

  • Art & Lifestyle
    Ngũgĩ wa Thiong’o: The Revolutionary Voice Who Rewrote Africa’s Story in Its Own Words

    Ngũgĩ wa Thiong’o: The Unyielding Voice of Africa Who Lit the Path with Words

    African Creative Innovation Exhibition Opens with Call for Sustainable Design Practices

    African Creative Innovation Exhibition Opens in UI with a Call for Sustainable Design Practices

    Senator Rashidi Ladoja to Chair Egungun Festival

    Ladoja To Chair 2025 World Egungun Festival

    Currencies Exhibition Opens in UI

    UI Hosts Exhibition of Dele T. Fawole’s Global Currency Collection, Showcasing Rare Coins and Banknotes from Around the World

    US Citizen visit Family Members In Ibadan

    US Citizens Trace Roots To Balogun Ibikunle Family

    Blind Village of Dali Koumbe

    Discovery of Dali Koumbe’s Village of the Blind

    84-Year-Old Legendary Crocodile at Delesolu Compound in Ibadan Dies

    84-Years-Old Crocodile Dies in Ibadan

    Act of kindness in Bowen University

    How God Came Through for Me at Bowen Varsity – Gbenga Samuel-Wemimo

    Damilare Bello Committing to Nurturing African Literature for Global Resonance

    Spotlight: Damilare Bello’s Commitment to Nurturing African Literature for Global Resonance

    Brazil Pledges Participation

    Oyo Unified Cultural Festivals: Brazil Pledges Participation

    Trending Tags

    • Golden globes
    • Climate Change
  • Sports
  • Science
  • Opinion
  • World
No Result
View All Result
  • Home
  • Politics
  • Business
  • Crime
  • Entertainment
    • All
    • Freebies
    Bimbo Akintola: I Never Faced Sexual Harassment in Nollywood

    Actress Bimbo Akintola Blames Parents for Child Harassment in Nollywood

    Not All Ibadan Indigenes Are Thieves – Actress Speaks Out

    Actress Mrs. Omilani Defends Ibadan Indigenes, Says Not All Are Robbers

    Biola Adebayo Breaks Silence on Failed Marriage, Says She’s Been Separated Since April 2024

    Biola Adebayo Confirms Marriage Collapse After over a Year of Separation

    From Widowhood to Nollywood: The Inspiring Journey of Regina Chukwu

    They Took My Son, Cut My Hair: Regina Chukwu Recounts Her Painful Widowhood Rites

    Actor Dele Odule Ranks Yoruba Traditional Rulers

    Sex in the Movie Industry is Consensual – Actor Dele Odule

    Nigerian Woman Recounts Harrowing Experience of Being Trafficked to Mali for Prostitution

    Actress Jumoke George’s Daughter, Deola Reveals How Lady Human Trafficker Sold her to Mali for 250,000CFR for Prostitution

    I was Incarcerated in Cameroon for Not Having Traveling Documents - Felicia Ishola

    Nollywood Actress-Turned-Herbalist Felicia Ishola, aka Egeremiti, Recounts Years of Struggles, Incarceration, and Survival Across Africa

    Yetunde Wumi Recalls Her Bond with Late Alade Aromire

    Actress Yetunde Wumi Confirms Marrying Alade Aromire for Three Years

    Jumoke George’s Daughter to Return Home After Four Years in Mali Trafficking Ordeal

    Nollywood Actress Jumoke George Reunites with Missing Daughter After Four Years of Trafficking Nightmare

    Davido Reveals Hidden Passion: "If Not Music, I Would Have Been a Journalist

    If Not Music, I Would’ve Been a Journalist – Afrobeats Star Davido

  • Art & Lifestyle
    Ngũgĩ wa Thiong’o: The Revolutionary Voice Who Rewrote Africa’s Story in Its Own Words

    Ngũgĩ wa Thiong’o: The Unyielding Voice of Africa Who Lit the Path with Words

    African Creative Innovation Exhibition Opens with Call for Sustainable Design Practices

    African Creative Innovation Exhibition Opens in UI with a Call for Sustainable Design Practices

    Senator Rashidi Ladoja to Chair Egungun Festival

    Ladoja To Chair 2025 World Egungun Festival

    Currencies Exhibition Opens in UI

    UI Hosts Exhibition of Dele T. Fawole’s Global Currency Collection, Showcasing Rare Coins and Banknotes from Around the World

    US Citizen visit Family Members In Ibadan

    US Citizens Trace Roots To Balogun Ibikunle Family

    Blind Village of Dali Koumbe

    Discovery of Dali Koumbe’s Village of the Blind

    84-Year-Old Legendary Crocodile at Delesolu Compound in Ibadan Dies

    84-Years-Old Crocodile Dies in Ibadan

    Act of kindness in Bowen University

    How God Came Through for Me at Bowen Varsity – Gbenga Samuel-Wemimo

    Damilare Bello Committing to Nurturing African Literature for Global Resonance

    Spotlight: Damilare Bello’s Commitment to Nurturing African Literature for Global Resonance

    Brazil Pledges Participation

    Oyo Unified Cultural Festivals: Brazil Pledges Participation

    Trending Tags

    • Golden globes
    • Climate Change
  • Sports
  • Science
  • Opinion
  • World
No Result
View All Result
PrimeStarNews
No Result
View All Result
Home Judiciary

Emefiele Allegedly Awards Multi-Billion Naira Contracts to Family & Associates

Gbenro Adesina by Gbenro Adesina
March 12, 2024
in Judiciary
Reading Time: 4 mins read
0
How Emefiele Allegedly Awarded Multi-Billion Naira Contracts to Family & Associates

Godwin Emefiele

Share on FacebookShare on TwitterShare on WhatsappTelegram the story

A Seventh Prosecution Witness, PW7, in the trial of a former governor of Central Bank of Nigeria (CBN), Godwin Emefiele on Monday, March 11, 2024, told Justice Hamza Muazu of the Federal Capital Territory, FCT, High Court, Abuja, how Emefiele allegedly signed and approved award and payments of contracts to April 1616 Investment Limited and Architekon Nigeria Limited, companies that allegedly belong to Sa’adatu Ramalan Yero,  his wife, Margaret Emefiele and his in-law respectively.

The witness, Agboro Michael, an investigator with the ICPC, led in evidence by the prosecution counsel, Rotimi Oyedepo, SAN, was part of the investigation team that comprised the EFCC, ICPC, CCB, DSS and the Nigerian Police. He testified on the count charge of abuse of office and conferring an unfair advantage to a public officer and relatives, preferred against Emefiele.

“My Lord, these companies were awarded about 45 contracts to supply Toyota Vehicles. We were worried as investigators as to how a particular company would get bids concurrently to supply vehicles. We did our investigation and discovered that the company was not even accredited by Toyota.

“In the companies, my Lord, one has Sa’adatu’s husband and siblings as directors, and the other one has Sa’adatu as the director of the company while she is still a civil servant.

“Document ‘F1’ shows the signature and approval of the defendant to pay the sum of N854,700,000.00 (Eight Hundred Fifty-Four Million, Seven Hundred Thousand Naira). His signature was number three on the document”, he said. Testifying further, Michael said in ‘F3’, the defendant approved N1,85,700,000.00 (One Billion, Eighty-five million, Seven Hundred thousand) for the supply of 47 units of Toyota Hilux.

While ‘F4’ was the defendant’s approval to purchase for the bank an armoured Toyota Avalon car at the cost of N99,900,000.00 (Ninety-Nine Million, Nine Hundred Thousand Naira), and ‘F5’ was the approval to procure two units of Toyota Hilux for the bank, and all were bought from April 1616 Investment limited.

Speaking on the findings of the investigative team on exhibit P26, page 86 of 107 on November 6, 2021. Michael said; “It is a credit into the account from the CBN to the tune of N41,943,400.34 (Forty-one Million, Nine Hundred and Forty-three Thousand, Four Hundred and Thirty-four kobo).

“Page 87 was also a credit in April 2016 from the CBN, N304,853,000.50 (Three Hundred and Four Million, Eight Hundred and Fifty-Three Thousand naira, Fifty Kobo).

“26 January 2021, April 1616 Investment Nigeria Limited also received N304,853,720.55 (Three Hundred and Four Million, Eight Hundred and Fifty-Three Thousand Seven Hundred and Twenty Naira Fifty-Five kobo) from the CBN.

“On the 10th of February, 2021, the CBN paid N201,023,323.31 (Two Hundred and One Million, Twenty-Three Thousand, Three Hundred and Twenty-Three Naira, Thirty-One kobo).

The approval of payment of March 24, 2021, was N304,843,720.85, and April 27, 2021, was N60,976,744.17 (Sixty Million, Nine hundred and Seventy-Six thousand, Seven hundred and forty-four Naira, Seventeen Kobo) May 31, 2021, was a payment of N60,976,744.17 (Sixty Million, Nine hundred and Seventy-Six Thousand, Seven Hundred and Forty-Four Naira, Seventeen Kobo), and February 21, 2021 was a payment of N50,547,508.30 (Fifty Million, Five Hundred and Forty-Seven Thousand, Five Hundred and Eight Naira, Thirty Kobo) were equally approved by the defendant.

The witness further told the court that the team recorded the defendant’s statement under caution and video recorded in a conducive environment.

Testifying further, the witness said; “In 2019, again, we discovered the defendant also used his office and position to confer a corrupt advantage to one of the staff of CBN, Sa’adatu Ramalan Yero to supply one unit of Toyota Land Cruiser V8 at the cost of N73,800,000 (Seventy-Three Million, Eight Hundred Thousand) to her company April 1616 Investment Nigeria limited where she is a director, and equally a director in the CBN.

“Again my Lord, the defendant also approved the payment of renovation of the CBN Governors’ residence at No 2. Global Road, Ikoyi Lagos to a company named; Architekon Nigeria Limited where his wife and brother-in-law are both directors.

“Sometime in 2020, the defendant used his position as CBN Governor to confer on his wife and brother-in-law corrupt advantage by awarding their company landscaping of the CBN governor’s residence in the sum of N39,46,000 (Thirty-Nine Million, Forty-Six Thousand Naira”, he said.

Continuing, Michael said a contract to procure furniture items was also awarded to his brother-in-law in the sum of N97,000,000 (Ninety Seven Million Naira), and again, a contract to procure a power line at the same CBN Governor’s residence in the sum of N68,568,740.00 (Sixty-Eight Million, Five Hundred and Sixty-Eight Thousand, Seven Hundred and Forty naira).

While cross-examining the witness, counsel to the defendant, Matthew Burkaa SAN queried the witness that though there are many signatories in the memo only his client was on trial. In response, the witness told him that the defendant was on trial because he was the approving authority, while others only minuted on the documents to justify the process, and didn’t have the power to make such payments and approvals.

Burkaa also wanted to tender the defendant’s statement at the Nigerian Police Force before the court, but Oyedepo objected, stating it was a public document and needed to be certified before it could be tendered as an exhibit. Burkaa then withdrew the document and promised to provide the true certified copy at the next adjourned date.

Justice Muazu thereafter adjourned the matter till 25 and 26 April 2024 for continuation of trial.

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X

Like this:

Like Loading...
Tags: Central Bank of Nigeria (CBN)CorruptionGodwin EmefieleIllegal Contracts
Previous Post

Apostolic Faith Recommences Construction of Multi-million Naira Tabernacle at Igbesa

Next Post

Nigerian Senate Suspends Senator Ningi for Three Months

Next Post
Senate suspends Ningi for three months over N3.7tn budget padding allegation

Nigerian Senate Suspends Senator Ningi for Three Months

Leave a ReplyCancel reply

POLICE RECOVER VEHICLES STOLEN FROM NIGERIA TO GHANA AND NIGER,ARREST THREE SUSPECTS IN GHANA
Judiciary

Nigeria Police Recover Stolen Vehicles Trafficked to Ghana and Niger

by Gbenro Adesina
June 15, 2025
0

The Nigeria Police Force has recorded a major breakthrough in its ongoing fight against cross-border crimes with the successful recovery...

Read more
University of Ibadan Elevates 38 Lecturers to Professorial Ranks
Education

UI Promotes 38 Lecturers to Professorial Cadre, Including 15 New Professors

by Gbenro Adesina
June 15, 2025
0

The Appointments and Promotions Committee for Academic Staff of the University of Ibadan (UI) has promoted 38 lecturers to the...

Read more
Atiku Celebrates Wife Titi at 75
Top News

Atiku Reveals He Married Titi Without Parental Consent

by Gbenro Adesina
June 15, 2025
0

Former Vice President Atiku Abubakar has revealed that he married his wife, Titi Abubakar, without the consent of their families,...

Read more
Atiku Abubakar Condemns Benue Killing
Headline Stories

Over 100 Feared Dead in Fresh Benue Attacks, Atiku Condemns Killings, Calls for Urgent Action

by Gbenro Adesina
June 15, 2025
0

Former Vice President Atiku Abubakar has expressed deep anguish and shock over the latest wave of violence in Benue State,...

Read more
PrimeStarNews

We bring you daily news and events from Nigeria and around the world. We deliver high-quality and engaging content on education, entertainment, politics, crime, judiciary, economy among others across digital, social and video platforms.

Categories

  • Arts & Life
  • Aviation
  • Breaking News
  • Business
  • Crime
  • Editorial
  • Education
  • Energy
  • Entertainment
  • Environment
  • Feature
  • Freebies
  • General
  • Headline Stories
  • Health
  • Interview
  • Judiciary
  • Legend
  • Letter
  • Media
  • Nation
  • News
  • Opinion
  • Picture of Moment
  • Picture of the Moment
  • Politics
  • Power
  • Religion
  • Science
  • Security
  • Sports
  • Technology
  • Technology Updates
  • Top News
  • Tourism
  • Transport
  • Travel
  • World
No Result
View All Result
  • About Us
  • Advertise
  • Career
  • Contact Us

© 2022 Primestarnews - Serving Breaking News Around the World.

No Result
View All Result
  • Home
  • Politics
  • Business
  • Crime
  • Entertainment
  • Art & Lifestyle
  • Sports
  • Science
  • Opinion
  • World

© 2022 Primestarnews - Serving Breaking News Around the World.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
error: Alert: Content is protected !!
%d