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
CBN blames old pipelines for oil revenue drop
BY Abiodun Saheed Omodara December 27, 2024 0

The Central Bank of Nigeria has attributed the significant decline in oil revenue for the third quar...

READ ALSO
Osun advocate railway service extension to enhance economic productivity
BY Benedicta Bassey December 26, 2024 0

OSUN STATE, Nigeria —The Osun State government has called on the Nigerian Railway Corporation...

READ ALSO
Website Hack: NBS budgets N35m for cybersecurity training
BY Abiodun Saheed Omodara December 26, 2024 0

The National Bureau of Statistics has earmarked N35m in its 2025 budget proposal for “Capacity...

READ ALSO
CBN disqualifies 41.65m Access Holdings shares
BY Abiodun Saheed Omodara December 26, 2024 0

The Central Bank of Nigeria has disqualified 41.65 million shares worth N822.60m in Access Holdings...

READ ALSO
W’Bank removes loan fees for vulnerable nations
BY Abiodun Saheed Omodara December 26, 2024 0

The World Bank has announced the removal of several loan fees to make borrowing more affordable for...

READ ALSO
2025 Budget : Gombe set 10% for debt servicing
BY Abiodun Saheed Omodara December 25, 2024 0

The Gombe State Commissioner for Finance and Economic Development, Gambo Magaji, on Tuesday, reveale...

READ ALSO
LASG shut Coca-Cola, two others over water usage standards
BY Abiodun Saheed Omodara December 25, 2024 0

The Lagos State Government, through its Water Regulatory Commission, has sealed three companies for...

READ ALSO
No regret removing fuel subsidy- Tinubu
BY Abiodun Saheed Omodara December 24, 2024 0

ABUJA, Nigeria - President Bola Tinubu, on Monday, said he had no regret removing fuel subsidy. The...

OUR CHANNELS:

Lagos drug lords jail 28 years, forfeit VGC houses
BY Abiodun Saheed Omodara December 27, 2024 0

LAGOS,Nigeria - Four drug kingpins involved in the historic seizure of 2,139.55 kilograms of cocaine...


CBN blames old pipelines for oil revenue drop
BY Abiodun Saheed Omodara December 27, 2024 0

The Central Bank of Nigeria has attributed the significant decline in oil revenue for the third quar...


Two killed, 15 injured on Lagos-Ibadan expressway on boxing day
BY Abiodun Saheed Omodara December 27, 2024 0

The Federal Road Safety Corps has confirmed the death of two people and 15 others injured in a lone...


NHIA inaugurate groundbreaking initiative to reduce mortality
BY Abiodun Saheed Omodara December 27, 2024 0

NIGERIA (NAN) - The federal government, through the National Health Insurance Authority (NHIA) has i...


FCT CP Inspects Recreational Centers in Abuja
BY Ebiakuboere England December 27, 2024 0

ABUJA- The Federal Capital Territory's Commissioner of Police, CP Olatunji Disu, made an operational...


University of Abuja Denies Allegations of Bias in Vice Chancellor Appointment Process
BY Ebiakuboere England December 26, 2024 0

The University of Abuja has denied allegations of bias and irregularities in the ongoing process to...


Govs, ministers advocate peace, unity at Christmas
BY Benedicta Bassey December 26, 2024 0

NIGERIA — Governors, ministers, and lawmakers have called on Nigerians to embrace peace and un...


Okpebholo swears in perm secs urges efficient, transparent service
BY Benedicta Bassey December 26, 2024 0

EDO STATE, Nigeria  —Edo State Governor, Monday Okpebholo, has sworn in new permanent sec...


Osun advocate railway service extension to enhance economic productivity
BY Benedicta Bassey December 27, 2024 0

OSUN STATE, Nigeria —The Osun State government has called on the Nigerian Railway Corporation...


38 dead in Azerbaijan Airlines plane crash on Christmas Day celebration
BY Benedicta Bassey December 27, 2024 0

No fewer than thirty-eight people reported lost their lives following the Azerbaijan Airlines plane...


More Articles

Load more...

Menu