Federal Government said it will take possession of two banks that were allegedly bought at a major discount by former Central Bank Governor Godwin Emefiele, according to a report by a special investigator appointed by President Bola Tinubu.

“We have completed our investigation on this acquisition and we are on the verge of recovering these two banks for the federal government,” the report said.

Emefiele was suspended shortly after Tinubu took office in late May, and was later arrested and detained on charges including fraud. The Nigerian leader subsequently ordered an investigation into the monetary authority’s operations and instructed it to work with security and anti-corruption agencies.

Emefiele met his bail conditions and was released Saturday, Punch Newspapers reported, citing a correctional spokesperson.

The former central banker acquired two banks including Union Bank of Nigeria and Keystone Bank through several proxies from “ill-gotten wealth” and “without evidence of payment,” according to the report by Jim Obazee submitted to the president and seen by Bloomberg.

A preliminary review of the cases showed that Keystone was “acquired for free,” according to the report. “Some persons were used as proxies with the connivance and assistance of Godwin Emefiele and the CBN to acquire” the two banks.

Emefiele has denied wrongdoing. His lawyers declined to comment on the investigation’s findings and a government spokesman did not immediately respond to a request seeking comment.

https://nigerianstreet.com/2023/12/24/fg-to-take-over-union-bank-keystone-bank-allegedly-owned-by-emefiele/

✌️✌️

To be honest, Eme is the most stupid Central Bank governor in the history of Nigeria. The only one that went to contest to become President when the agency he governs is the custodian of election materials. Serves him right. If you did not dabble in politics, who would have been accusing him of all these nonsense?

A preliminary review of the cases showed that Keystone was “acquired for free,” according to the report. “Some persons were used as proxies with the connivance and assistance of Godwin Emefiele and the CBN to acquire” the two banks.

Emefiele has denied wrongdoing. His lawyers declined to comment on the investigation’s findings and a government spokesman did not immediately respond to a request seeking comment.

Hope someone won't Diezani deny this report. How could he actually acquire the bank for FREE and still have the gut to deny it? Or, is someone framing him up?

My money dey union bank abeg

Sometimes I wonder what's actually living in some NIGERIANS that the devil him/itself is cautiously wary of.


GOD SAVES NIGERIA

They can't and they won't

Lies upon lies.
What of the bullion vans that carry stolen money during the election.
Is it Emefiele that owned the 2 bullion vans?

Mumu talk go open another bank and transfer ur money away from there...

NoSmoking:
My money dey union bank abeg

Return union Bank to uts previous owners and auction keystone to the highest bidder

Nawa o for dis kind of greed by Emefiele. May God continue to bless me with contentment and happiness and good health. I wish the same to those who want to live a very peaceful life.

Morenikeji090:
Mumu talk go open another bank and transfer ur money away from there...

What if that's where my salary is being paid and redtapism won't allow me switch accounts that easily

🤕

Change ur bank then tell ur company you gonna change ur bank account..

NoSmoking:


What if that's where my salary is being paid and redtapism won't allow me switch accounts that easily

🤕

BrownEnvelop:
Federal Government said it will take possession of two banks that were allegedly bought at a major discount by former Central Bank Governor Godwin Emefiele, according to a report by a special investigator appointed by President Bola Tinubu.

“We have completed our investigation on this acquisition and we are on the verge of recovering these two banks for the federal government,” the report said.

Emefiele was suspended shortly after Tinubu took office in late May, and was later arrested and detained on charges including fraud. The Nigerian leader subsequently ordered an investigation into the monetary authority’s operations and instructed it to work with security and anti-corruption agencies.

Emefiele met his bail conditions and was released Saturday, Punch Newspapers reported, citing a correctional spokesperson.

The former central banker acquired two banks including Union Bank of Nigeria and Keystone Bank through several proxies from “ill-gotten wealth” and “without evidence of payment,” according to the report by Jim Obazee submitted to the president and seen by Bloomberg.

A preliminary review of the cases showed that Keystone was “acquired for free,” according to the report. “Some persons were used as proxies with the connivance and assistance of Godwin Emefiele and the CBN to acquire” the two banks.

Emefiele has denied wrongdoing. His lawyers declined to comment on the investigation’s findings and a government spokesman did not immediately respond to a request seeking comment.

https://nigerianstreet.com/2023/12/24/fg-to-take-over-union-bank-keystone-bank-allegedly-owned-by-emefiele/

Media trial.charge him to court wit evidence n if court sets him free ...free d bastard.This is buhari media trials all over again

Good development.

kettykin:
Return union Bank to uts previous owners and auction keystone to the highest bidder

it's sold already

BrownEnvelop:
Federal Government said it will take possession of two banks that were allegedly bought at a major discount by former Central Bank Governor Godwin Emefiele, according to a report by a special investigator appointed by President Bola Tinubu.

“We have completed our investigation on this acquisition and we are on the verge of recovering these two banks for the federal government,” the report said.

Emefiele was suspended shortly after Tinubu took office in late May, and was later arrested and detained on charges including fraud. The Nigerian leader subsequently ordered an investigation into the monetary authority’s operations and instructed it to work with security and anti-corruption agencies.

Emefiele met his bail conditions and was released Saturday, Punch Newspapers reported, citing a correctional spokesperson.

The former central banker acquired two banks including Union Bank of Nigeria and Keystone Bank through several proxies from “ill-gotten wealth” and “without evidence of payment,” according to the report by Jim Obazee submitted to the president and seen by Bloomberg.

A preliminary review of the cases showed that Keystone was “acquired for free,” according to the report. “Some persons were used as proxies with the connivance and assistance of Godwin Emefiele and the CBN to acquire” the two banks.

Emefiele has denied wrongdoing. His lawyers declined to comment on the investigation’s findings and a government spokesman did not immediately respond to a request seeking comment.

https://nigerianstreet.com/2023/12/24/fg-to-take-over-union-bank-keystone-bank-allegedly-owned-by-emefiele/

What about 9mobile Funtua bought with Nigeria money?
Even dangote sef is not free from using Nigeria money to build wealth for himself....!!!

This Tinubu government MUMU I swear

Tinubu and his witch hunters have no case here

I expect the so called proxies to sue for expropriation

I expect any sensible Judge to take the FG case and throw it in the Dustbin

How many assets did Tinubu acquire legally

A big thief

When he approves oil blocks in his tenure does he expect the next government to cancel the sale and allege corruption?

Funny a government keeps spending an awful lot of money looking for foreign investors outside the country and at the same time carry out expropriations on existing investors

Clowns