Would you like to receive notifications on latest updates of the following headlines?

Cbn Deputy Director Confirms Approval Of $6.2 Million Disbursement

POSTED ON February 12, 2024 •   BUSINESS      BY Oluwakemi Ademuyiwa

The Deputy Director responsible for Branch Operations at the Central Bank of Nigeria (CBN), Onyeka Ogbu has confirmed the disbursement of a $6.2 million payment request for international election observers.

Ogbu made the confirmation during a trial proceeding against the Ex-Governor, Godwin Emefiele at the Federal Capital Territory High Court in Maitama on Monday.

He affirmed that he meticulously reviewed the documents and subsequently granted approval for disbursement, which was promptly executed.

However, certain pages of the documents were found to be absent, prompting the prosecution counsel, Rotimi Oyedepo (SAN), to request a temporary halt to address the issue of the missing pages.

In response, the defendant's counsel, Matthew Burkaa (SAN), objected, arguing that the prosecution is bound by the evidence presented in the documents. Burkaa advocated for an adjournment to allow for the prosecution to obtain all certified true copies and for the witness to undergo cross-examination.

The trial involves the former governor of the Central Bank, Godwin Emefiele, who faces an amended set of 20 charges, including criminal conspiracy, conferring undue advantage, and breach of trust, among others, as filed by the Economic and Financial Crimes Commission (EFCC).

Emefiele stands accused of allegedly impersonating the Secretary to the Government of the Federation to unlawfully obtain the sum of $6.2 million.

According to the EFCC, Emefiele purportedly forged a document titled: "Re: Presidential directive on foreign election observer missions," dated January 26, 2023, with Reference No. SGF.43/L.01/201.

Following the submissions from both sides, Justice Hamza Muazu adjourned the proceedings until Tuesday for the continuation of the trial.

READ ALSO
FG Unveils Strategy to Enhance Aquaculture and Reduce Fish Imports in Nigeria
BY Abiodun Saheed Omodara July 16, 2025 0

The federal government is committed to reducing Nigeria's reliance on fish imports by enhancing loca...

READ ALSO
FG Partners CILSS to Enhance Food and Nutrition Safety in Nigeria
BY Abiodun Saheed Omodara July 16, 2025 0

The Federal Government is intensifying its initiatives to improve food and nutrition safety through...

READ ALSO
Dangote Aims to Cut Cooking Gas Prices, Plans Direct Sales to Consumers
BY Abiodun Saheed Omodara July 16, 2025 0

President of the Dangote Group, Alhaji Aliko Dangote,  has revealed intentions to lower th...

READ ALSO
US-Nigeria Trade Relations Face Significant Decline Amid New Tariffs
BY Abiodun Saheed Omodara July 14, 2025 0

The trade ties between the United States and Nigeria have encountered a notable decline, with offici...

READ ALSO
FG Commits to Clearing Legacy Debts for Gas Producers
BY Abiodun Saheed Omodara July 12, 2025 0

The Federal Government has announced its intention to clear all due payments to gas producers, inclu...

READ ALSO
Solid Minerals Minister Addresses Blackmail Against Mining Marshals, Vows Sector Reforms
BY Abiodun Saheed Omodara July 12, 2025 0

The Minister of Solid Minerals Development, Dr. Dele Alake, has stated that the Mining Marshals (MM)...

READ ALSO
Senate Calls for Reassessment of Nigeria's Power Sector Strategy
BY Abiodun Saheed Omodara July 11, 2025 0

The Senate has urged the Federal Government to reconsider its strategy regarding the power sector, a...

READ ALSO
Crypto Bridge Exchange Collapse Sparks Urgent Senate Inquiry into Ponzi Schemes
BY Abiodun Saheed Omodara July 10, 2025 0

The Senate initiated an extensive investigation into the surge of Ponzi schemes across the nation, o...

OUR CHANNELS:

151 Senior Police Officers Face Misconduct Hearings- NPF
BY Abiodun Saheed Omodara July 18, 2025 0

The Nigeria Police Force has revealed that 151 senior officers are currently undergoing proceedings...


CPC Loyalists Face Uncertain Future Amid Buhari's Death, Tinubu's Leadership
BY Abiodun Saheed Omodara July 18, 2025 0

The passing of former President Muhammadu Buhari has sparked renewed speculation regarding the polit...


Atiku's Move, 'No Threat to Our Dominance - APC
BY Abiodun Saheed Omodara July 17, 2025 0

Following the resignation of former Vice President Atiku Abubakar from the People’s Democratic...


LASIEC Awards Certificates to Elected Chairmen and Councillors
BY Abiodun Saheed Omodara July 17, 2025 0

The Lagos State Independent Electoral Commission (LASIEC) has awarded certificates of return to the...


FG Unveils Strategy to Enhance Aquaculture and Reduce Fish Imports in Nigeria
BY Abiodun Saheed Omodara July 17, 2025 0

The federal government is committed to reducing Nigeria's reliance on fish imports by enhancing loca...


Obasanjo Advocates for Effective Operators Over a Perfect Constitution in Nigeria
BY Abiodun Saheed Omodara July 17, 2025 0

Former President Olusegun Obasanjo says Nigeria needs the right operators of the constitution, not a...


FG Partners CILSS to Enhance Food and Nutrition Safety in Nigeria
BY Abiodun Saheed Omodara July 17, 2025 0

The Federal Government is intensifying its initiatives to improve food and nutrition safety through...


Awujale's Burial Liberation for Yoruba Traditional Institution - Oluwo of Iwo
BY Abiodun Saheed Omodara July 16, 2025 0

The Oluwo of Iwo, Oba Abdulrosheed Akanbi, has referred to the burial of the late Awujale of Ijebula...


Dangote Aims to Cut Cooking Gas Prices, Plans Direct Sales to Consumers
BY Abiodun Saheed Omodara July 17, 2025 0

President of the Dangote Group, Alhaji Aliko Dangote,  has revealed intentions to lower th...


Meta Cracks Down on Fake Profiles: Over 10 Million Accounts Removed
BY Abiodun Saheed Omodara July 17, 2025 0

Meta, the parent organization of Facebook, has intensified its initiatives to enhance the platform's...


More Articles

Load more...

Menu