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 •   VIEWS 102

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.

RECOMMENDED FOR YOU
CBN Sold $148m to 29 Authorized Dealers as Naira's Declined
BY Abiodun Saheed Omodara July 27, 2024 0

The Central Bank of Nigeria has distributed $148 million to 29 authorized dealers in an effort to st...

RECOMMENDED FOR YOU
Lafarge Africa Introduces Low Carbon Multi-Purpose Cement
BY Abiodun Saheed Omodara July 26, 2024 0

Lafarge Africa Plc has introduced ECOPlanet Unicem, the first low carbon multipurpose cement in Nige...

RECOMMENDED FOR YOU
Expert Criticises NBS for Omitting Data on Marine, Blue Economy
BY Abiodun Saheed Omodara July 26, 2024 0

The Chief Executive Officer (CEO), Centre for the Promotion of Public Enterprise, Dr. Muda Yusuf, ha...

RECOMMENDED FOR YOU
ICAN Implores Inductees To Uphold Accounting Principles
BY Abiodun Saheed Omodara July 26, 2024 0

The Institute of Chartered Accountants of Nigeria (ICAN) has advised recently inducted Accounting Te...

RECOMMENDED FOR YOU
Vehicle Imports Dropped By 60.8% in First Half Of 2024
BY Abiodun Saheed Omodara July 26, 2024 0

The recently concluded quarterly meeting of the Nigerian Port Consultative Council (NPCC) reported a...

RECOMMENDED FOR YOU
FG's Revenue Exceeded Budget Target-Minister
BY Abiodun Saheed Omodara July 26, 2024 0

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the F...

RECOMMENDED FOR YOU
Commissioner To Manufacturers: Adapt To Tariff Hikes For Improved Power Supply
BY Abiodun Saheed Omodara July 26, 2024 0

The Commissioner for Energy in Ondo State, Razaq Obe, has stated that manufacturers will need to ada...

RECOMMENDED FOR YOU
Tinubu Rallies NSA, Monarchs As Hunger Protest Looms
BY Abiodun Saheed Omodara July 26, 2024 0

President Bola Tinubu convened urgent meetings on Thursday with the All Progressives Congress state...

OUR CHANNELS:

OTHER ARTICLES ::

27th July, 2024
PDP Postponed Congresses in Abia, Ebonyi
BY Abiodun Saheed Omodara July 27, 2024 0

The national leadership of the Peoples Democratic Party, PDP, has officially postponed its ward and...


Single Blood Test May Predict over 60 Diseases
BY Abiodun Saheed Omodara July 27, 2024 0

Scientists have discovered unique protein "signatures" in the blood that could potentially predict t...


Magixx, BBNaija’s Vee Rumored to be Dating
BY Abiodun Saheed Omodara July 27, 2024 0

Nigerian artist Alexander Adelabu, also known as Magixx, has ignited speculation about his relations...


Bridgerton S4 to Feature Benedict's Story
BY Abiodun Saheed Omodara July 27, 2024 0

Netflix has officially announced that Season 4 of the widely popular Bridgerton series will be cente...


CBN Sold $148m to 29 Authorized Dealers as Naira's Declined
BY Abiodun Saheed Omodara July 27, 2024 0

The Central Bank of Nigeria has distributed $148 million to 29 authorized dealers in an effort to st...


Fuel Queues Resurface in Abuja, Ogun, others
BY Abiodun Saheed Omodara July 27, 2024 0

Filling stations in Abuja and surrounding states of Niger, Nasarawa, and Kogi were closed on Friday...


Hunger Protest: Tinubu alone don't have authority to discard 1999 Constitution-APC
BY Abiodun Saheed Omodara July 27, 2024 0

The All Progressives Congress has advised the organisers of the planned nationwide protest on August...


Kcee Release Sixth Studio Album, "Mr Versatile"
BY Ebiakuboere England July 27, 2024 0

Veteran Singer,  Kcee has released his sixth studio album which features  collaborations w...


Joy Mixes with Sorrow for Ukrainian Athletes at Paris Olympics
BY Abiodun Saheed Omodara July 27, 2024 0

Ukrainian athletes in Paris, France, for the Olympics are experiencing a mix of emotions, balancing...


Nadal Trains Despite Injury Concerns Before Doubles Opener
BY Abiodun Saheed Omodara July 27, 2024 0

On Friday at Roland Garros, Rafa Nadal practised with his doubles partner Carlos Alcaraz amidst conc...


Menu