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How Emefiele Awarded CBN Contracts to His Own Companies – Witness

The trial of former Central Financial institution of Nigeria Governor Godwin Emefiele continued on Tuesday with a banker, Mrs Ifeoma Ogbonaya, telling the courtroom that the previous CBN helmsman abused his energy by giving CBN orders to his private firms.

Emefiele is standing trial alongside Henry Omoile earlier than Justice Rahman Oshodi of the Lagos State Particular Crimes Courtroom in Ikeja.

Within the 26 costs filed in opposition to him, Emefiele was accused of abuse of energy and unlawful allocation of $4.5 billion, N2.8 billion, when he was governor of the CBN.

Ogbonna, the prosecution’s fifth witness, advised the courtroom on Tuesday that she by no means had any contact with the previous CBN governor however was instructed by his spouse, Mrs Margaret Emefiele, to switch cash from the CBN to their personal firm account.

She stated that in addition to Ms Emefiele, she additionally obtained directions from two different individuals, Mr John Ogah and Mr Opeyemi Oludimu, who labored for Emefiele.

The witness, who was led as a witness by the EFCC Prosecutor, Mr Rotimi Oyedepo (SAN), advised the courtroom how she obtained the directions via her official e mail, and typically via cellphone calls or WhatsApp.

She advised Justice Oshodi that the businesses that obtained the money move from CBN had been Limelight Multidimensional Ltd, Kome Assist Providers Ltd; Ansbaswin Sources Ltd; and Mago Farm.

The witness said that it was a sure Emmanuel who opened the accounts for Emefiele’s firms, however that in 2021 these had been taken over by a brand new group of signatories.

She stated that the 2 signatories on the accounts are Mr Stephen and Mrs Patricia, however that every one switch directions that got here into that account got by Mrs Emefiele.

“When she despatched us directions or despatched it via the opposite two individuals who labored with them, I often confirmed it from her. All of the transfers that got here into that account had been instructed by Madam Margaret Emefiele.

“Limelight manages the CBN services, positioned in Alakija. All transactions associated to energy and fixing issues that aren’t working had been at all times executed by the suppliers.

“Till now, Answabian has primarily been used to provide diesel to their suppliers.

“They’ve a printing and minting enterprise in Ikoyi. Earlier than Kome, there have been additionally services for the CBN guesthouse in Ikoyi.”

Ogbonna additional advised the courtroom that between March 9 and 11, 2015, the account obtained money move from CBN amounting to N1,792,593 and N18,869,400.

“On February 22, 2021, there was a money move of N42,988,758.75 from CBN; on July 21, 2022, there was a money move of N37,279,964.70; on October 21, 2022, there was a credit score move of N44,641,077.60; on Could 10, 2023, there was a money move of N93,100,000 from CBN, amongst others.”

Earlier, Justice Oshodi had agreed to Emefiele’s request to recall the prosecution’s first witness, Monday Osazuwa, in order that the defence might re-examine him.

Nevertheless, the case was adjourned till July 10 for continuation of the trial.

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