According to Jim Obaze, who is president Bola Tinubu’s special investigator, Emefiele opened the bank accounts without the Board of Directors’ and Investment Committee’s approval.

Obaze revealed that Emefiele had secretly put 543,482,213 pounds into fixed deposits with banks in the United Kingdom.

The final report submitted to Tinubu by Obaze, titled “Report of the Special Investigation on CBN and Related Entities (Chargeable offences),” contained this information.

According to the report, the former governor of the Central Bank of Nigeria (CBN) allegedly invested 593 accounts in the US, China, and the UK with Nigerian funds without authorization while he was in office.

“The investigator has tracked down every single account where the billions were stashed. Emefiele alone had £543,482, 213 in fixed deposits in the UK without the approval of the CBN board or the bank’s Investment Committee.”

After being arraigned by the Nigerian government for suspected N1.2 billion procurement fraud, the former CBN governor is currently serving his sentence at Kuje jail.

He was awarded N300 million in bail by the High Court of the Federal Capital Territory (FCT), but he never managed to perfect it.

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