₦airaland Forum

GOTVee:
Even though I'm a born again Christian, It is not biblical for we Christians to celebrate the evil tradition called Christmas. Origin of Christmas celebration dates back to the worship of moon God. We Christians are not permitted to celebrate it. I condemn Musa for wishing we Christians a happy Christmas and I hope the Muslim community can forgive him for this terrible gaffe

Then you shouldn't go to church on Sunday, because it is named after the sun by those who worship it. Or on Monday, Tuesday, Wednesday, Thursday or Saturday either, since they were all named after one pagan god or other.

Your opinion is just another crass religious fanaticism. And nobody is missing you by not celebrating it. And many fathers of the Christian religion who had been celebrating it from time immemorial are in God's heaven enjoying eternal rest.

stormborn28:
https://leadership.ng/hoodlums-attack-loot-bus-carrying-christmas-gifts-for-ibadan-mogajis/



Heheheheeeeee

None given.

stormborn28:
I learnt Christmas gift bandits are currently ravaging Ibadan metropolis

Give us photo evidence.

Sunnyski:
A goat like no other

Like this one?

DeepSight:
Greetings,

I am Special Attorney to his Eminence, Falseprophet1 and his enigmatic holiness, RevDesm0ndJuju.

Please note that the permission of the Falseprophet1 for his trademark refrain is to be sought ahead of usage with such permission being conveyed through me, his loyal servant.

For this infraction, you shall receive two hot pinches this night at the witching hour by witches loyal to the prophet.

In future, be guided accordingly, and we at the Temple of Falsity and Black Juju solemnly bid you a most frightening Christmas.

SpatialKing:
Again Yorubas will go mute 🔕...

You know the reason already

Yet it is the Yoruba head of the EFCC that is investigating and indicting her.

Next time check your fact before vomiting any bigotry tainted statement.

Timoleon:
Y'all thought the Jonathan Team looted with impunity? The Buhari team broke their records. The Tinubu team isn't hiding their intentions with their actions so far, I expect them to shatter all looting records.


Here's some news for Nigerians as a country. 2024 will be harder than 2023. You can take solace though in the fact that 2024 will be easier than 2025. Brace up.

May it happen upon yourself in 2024 as you predicts here, but as for me 2024 shall be a glorious year in JESUS Name, Amen.

obesse:
Why did you not make a lengthy post like this one all those years when the man was providing for the family and had not started gambling?
How are we even sure it was not your attitude and constant demand for more money that pushed your husband into the addiction of betting?
Women sef don tire me with the way they whine every time they provide a couple of meals for their husbands.
Must the man kill himself because of you and your children?
If you like, remain with your parents o. Soon the man will replace you and things will start working for him again.
And the people giving advice, telling you to leave your husband, eh? Some of them will go behind your back to ask him to marry them!
Did anybody tell you marriage would be easy? No way, it requires constant, everyday work, through the good, the bad and the ugly.

Who is this?

This contribution can only come from a baby.

You completely exemplified the stupidity of seeking counsels from the neophytes that populate the Nairaland milieu.

dickson2000:
Does saying it out automatically prosecute him and his accomplices? Or does the media? Is he still the CBN governor that makes fiscal and monetary policies? Aren't you aware of people groaning about cash crunch and business failing due to bad policies? Emefiele and his cronies should be prosecuted if guilty and not all these media trial. Still be reminded that this government has impoverished a lot of Nigerians due to their policies.

The government is only 8 months in action. Are you saying the other governments before them are not culpable for the present financial stress all of us are going through? Is the present government now the only one responsible for the country's economy's mismanagement?

dickson2000:
' Criminal brothers' you said, but I can see through you that you're a bigot who ethnically stereotype other people's comments out of sheer hatred.

I hear you. But you forget something, criminality comes in different hues, might be tribal and might also be of mind. I am now talking of the mind now. By supporting Emefiele in his criminal acts, that means you are his brother.

dickson2000:
You people should just stop complaining and work. You wanted power and you've gotten it, so just fix what needs to be fixed so that Nigerians can have a breath of fresh air. This government seems more like a government of propaganda already. And to think they've even inflicted Nigerians with the highest form of pain and anguish with slapdash policies makes their complaints unjustified. Emefiele and other top officials of the past government who were accomplices should be punished if all these accusations are true. Please, let Nigerians rest with complaints that won't benefit them.

The government is not complaining, they are just exposing your criminal brothers' level of financial atrocities committed against the country. Or should they just sweep it under the carpet and not say anything about it?

Peterobi90:
If it was someone with some level of innocence that is raising these accusations, then it would have mattered...

So Jim Obazee is a criminal too? How?

magoo10:
Who has clean hands to sentence emefiele?
Is it the criminal judges whose hands have been soiled during election?
Is it the senators who have criminal cases ?
Is it the thief in aso rock who stole from lagos state?
Is it the efcc chairmen that have been accused severally of embezzlement?

Emefiele was fighting his fellow criminals who also did the same thing he did ,only they got to power while he did not and unfortunately the masses are paying the price.

We like to play in this country until we have a head that is ok .

Our heads are OK. The new set of Africans are just naturally bunch of cowards and layabouts; closet murmurrers and complainers, never ready to take up arms against oppression and injustice.

Omobude244:
is ndi developer not already an insult?

u are throwing stone and u think u are been funny

Nigeria are funny people

orji uzor kalu and tinubu are friends and are busy looting us dry, while jobless fellows like u that dont even how their next meals will come are busy throwing tantrum on nairaland

God divide this country abeg
we that is feeding the nation doesnt make mouth but SE, SW, and north that contributes next to nothing are the ones constantly disturbing the peace of this nation
even the so called Lagos was setup with our resources, now they are doing the same for Abuja, while our region is left with only 13% derivation

The 13% derivation we are magnanimously giving you, what are your SS people doing with it? No be your governors and some elites dey chop am? E reach your common people hands?

jaxxy:
what has sm1 chasing clout with H.E Obi and even trying to by a football club got anything to do with The real and people's president of Nigeria?

Ask from Obi what he is doing appearing in a photo-op with a big scammer, thereby giving him street cred.

nedu666:
So that makes him a Nigerian. By the way when are you going to join hamas to fulfill your dreams of Jewish genocide

Ask your master, the antichrist, whose logo you#nedu666 proudly displays.

seankafor:
Make Dem free this guy ahbeg..

He no kill person

Says an upcoming scammer.

yusufmurry:
Until you lift ban on use of naira master/debit card for International transactions, stop float of naira in open market then I will commend you

Until you provide the scarce dollars for the government and banks to do so, then I will know you are talking sense.

ednut1:
By agreeing to all your husband says or all his decisions without pushback. A recipe for disaster in today’s society.

No, no, no, absolute wifey submission is a recipe for a good, enjoyable and long marital life.

Trophy12:
na poor man way no get sense they buy chicken 20k, when u fit buy meat 10k all the community self go chop still remain . Goat for my area na 12k and above

That chickens wey my papa dey ask me to sell for N7 (yes, N7) back then during Christmas and people still dey complain sey e dear.

Haaa, for the good old days!

macho44:
Very Laudable, Kudos to LASG.
But the beneficiaries in these pictures look VERY WELL FED😃

My own observation too.

tiswell:
Anambra na 8k for civil servant's Christmas bonus .

Dem try.

If dem no try, go court.

kason:
Delta state!
Delta state!!
Delta state!!!
How many times I call you so?
If you like no answer.

Stop calling us.

Your own time dey come.

Na turn by turn.

For now, it is Ebonyi's turn.

No lele

DamnnNiggarr:
Seun, some people on here are hell bent on sabotaging you and your moderators' efforts to make Nairaland work.

They sworn an oat never to see Nairaland make progress, even went as far as threatening "gbas gbos" from tomorrow.

It's high time you looked into this with utmost seriousness. Thanks

Thanks for the advice sir.

Every bigots will be removed from Nairaland, including you, very soon.

We are on top of the job, and will soon deliver it to your satisfaction.

Regards.

Emefiele operated 593 illegal US, UK, China accounts – CBN investigator
22nd December 2023

By Adelani Adepegba

The former Central Bank of Nigeria Governor, Godwin Emefiele, illegally lodged billions of naira in no fewer than 593 bank accounts in the United States, United Kingdom, and China without the approval of the apex bank’s board of directors and the CBN Investment Committee.

The Special Investigator on the CBN and Related Entities, Jim Obaze, found that the ex-CBN governor lodged £543, 482,213 in fixed deposits in UK banks alone without authorisation.

When contacted, counsel for Emefiele, Mathew Bukkaa, SAN, asked one of our correspondents to send him a text message. He has yet to reply to the message as of the time of filing this report.

Meanwhile, Obaze submitted his final report tagged, ‘Report of the Special Investigation on CBN and Related Entities (Chargeable offences) to President Bola Tinubu on Wednesday.

The report partly read, “The former governor of CBN, Godwin Emefiele invested Nigeria’s money without authorization in 593 foreign bank accounts in United States, China and United Kingdom, while he was in charge.

“All the accounts where the billions were lodged have all been traced by the investigator.”

In a letter dated July 28, 2023, sighted by The PUNCH, President Bola Tinubu had named a former Executive Secretary of the Financial Reporting Council of Nigeria, Obazee, as the CBN special investigator


Emefiele, who is currently in Kuje Custodial Centre, is being prosecuted for N1.2 billion procurement fraud.

He has not been able to perfect the N300m bail granted him by a High Court of the Federal Capital Territory on November 22.

However, documents obtained by our correspondent on Thursday indicated that the former apex bank governor might face fresh criminal charges over the handling of the CBN naira redesign policy.

Emefiele could be prosecuted for illegal issuance of currency under section 19 of the CBN Act alongside Tunde Sabiu, a former aide to former President Muhammadu Buhari, and 12 top directors of the CBN.

It was gathered that the naira redesign policy was sold to Buhari at the instance of Sabiu and that the initiative was done without the approval of the board of the CBN.

No approval

The investigator found that Buhari didn’t approve of the naira redesign. It was Tunde Sabiu who first told Emefiele in September 2022 to consider the redesign of the naira. On October 6, 2022, Emefiele wrote to Buhari that he wanted to redesign and reconfigure N1000, N500 and N200 notes.


“The former President tagged along but did not approve the redesign as required by law. Buhari merely approved that the currency be printed in Nigeria. The redesign was only mentioned to the board of the CBN on December 15, 2022, after Emefiele had awarded the contract to the Nigerian Security Printing and Minting Plc on October 31, 2022,’’ the documents noted.

Emefiele was said to have contracted the redesign of the naira to De La Rue of the UK for £205, 000 pounds under the vote head of the Currency Operations Department after the NSPM said it could not deliver the contract within a short timeframe.

The special investigator found that N61.5bn was earmarked for the printing of the new notes out of which N31.79bn had been paid.

As of August 9, 2023, findings revealed that N769bn of the new notes were in circulation.

The probe of the CBN also revealed the fraudulent use of N26.627tn Ways and Means of the Apex Bank as well as the misuse of the COVID-19 intervention fund.

For instance, the CBN under Emefiele at its 661st meeting held on October 27, 2020, approved that the Consolidated Revenue Fund Account should be debited with the sum of N124.860bn, and the decision was implemented on October 9.

Similarly, the Committee of Governors at its 670th meeting held on December 9, 2020, granted anticipatory approval ‘’pending receipt of a formal request by Mr President and ratification by the board of directors the payment of the sum of N250bn only to the Federal Government of Nigeria to address challenges as a result of low revenue inflow and the payment of salaries.


The decision was implemented on December 15, 2020.

Anticipatory approval

Also on December 30, 2020, the committee of governors at its 672nd meeting granted another anticipatory approval for N250bn to the Federal Government for payment of salaries pending receipt of a formal request by Mr President and ratification by the board of directors.

The apex bank’s management through the Finance and General Purpose Committee equally granted anticipatory approval on the investment of $200mn in equity warrants of the Africa Finance Corporation.

According to section 38 of the CBN Act, 2007, the CBN could grant temporary advances to the Federal Government in respect of temporary deficiency of budget revenue at an interest.

The section also provides that such advances are to be repaid by the end of the financial year in which they are granted otherwise, the CBN shall be stopped from granting such advances in the subsequent year.

The advance is not to be repaid by way of promissory note, securitization or issuance of treasury bills.

The CBN investigator discovered that the CBN Ways and Means was abused under the Buhari administration.

The document further said, “In an instance, they (senior CBN and government officials) padded what the former President Muhammadu Buhari approved with N198,963,162, 187. There are instances where no approvals are received from the former president and yet, N500bn is taken and debited to Ways and Means.

“There are more shocking instances where the erstwhile CBN governor and his four deputy governors connived to steal outright in order to balance the books of the CBN.

“This was by violently taking money from the Consolidated Revenue account and then charging it to Ways and Means. It was a total of N124.860bn. They even created the narration as a presidential subsidy and expanded the ways and Means portfolio to accommodate crime.

“The CBN officers and even the then acting CBN governor could not produce the Presidential Approval of most of the expenses described as ‘Ways and Means.’ When confronted, to provide the breakdown of the supposed N22.7trn that was presented to the 9th National Assembly to illegally securitise as ‘Ways and Means’ financing, they were only able to partially explain a total of N9.063 trn or N9.2trn depending on which official you are considering his submission and an unreasonable attribution of non-negotiated interest element of N6.5tn.

“This shows that this was the point where the officers of the immediate past administration as well as the erstwhile CBN governor and his four deputy governors connived, defrauded, and stole from the commonwealth of our country with the aid of civil servants.’’

Continuing, the report said, “The true position of the Ways and Means as documented from the reconciliation between the CBN and the Ministry of Finance at the time is N4,449,149,411,584.54.


“This may have been the main reason the past administration hurriedly sought that the advances of N22.7trn be securitised by the 9th National Assembly on December 19, 2022, which they also hurriedly did despite the fact that it contravenes section 38 of the CBN Act, 2007.”

Legal fees

The CBN under Emefiele was also said to have spent N1.7bn on questionable legal fees for 19 cases instituted against the naira redesign policy.

The investigator also discovered how Emefiele misrepresented the presidential approval for the NESI Stabilisation Strategy Limited approved by former president Goodluck Jonathan.

The document read, “The Presidential approval granted by then President Goodluck Jonathan was rightly stated by him NESI should be a company limited by guarantee but the Committee of Governors misled the Board of the CBN by relying on non-existent advice by the office of Attorney-General and Minister of Justice to incorporate a company limited by shares for which the allotted share capital exceeded the authorised share capital (See 380th meeting of the Committee of Governors held in January in January 2015) and allotting unauthorised share capital to Mr Godwin Emefiele and Mr Mudashiru Olaitan without lawful approval by the President.

“N1.325bn was stolen pre-incorporation and the money funnelled to four companies, including a legal firm which got N300mn.’’

Between 2015 and 2021, an investment company was said to have collected unlawfully a total of N4.89bn.

A breakdown indicated that the firm received N262mn in 2015, N464mn in 2016, N550mn in 2017, N726mn in 2018, N762 in 2019, N684 in 2020 and N1.44bn in 2021, totalling N4.89bn.

Emefiele also allegedly paid N17.2bn to 14 deposit money banks participating in the Nigerian Electricity Market Stabilisation Facility.

“A total of 14 DMBs engaged in the manipulation by unlawfully arranging and collecting 1.9535 per cent of the total disbursements paid to the DMBs participating in the Nigerian Electricity Market Stabilisation Facility.

The fees are paid to the banks in the ratio of their contributions to the NEMSF disbursement, according to External Auditor’s Notes to the Financial Statement of NESI Stabilisation Strategy Limited.

“The CBN also went further by authorising the issuance of debenture for the NESI SPV, starting with N64.8bn in 2015. By 2021, N952bn debenture had been issued. The investigator said the money was diverted from public funds,’’ the document further stated.

It was further gathered that Emefiele could be tried for alleged manipulation of the naira exchange rate, fraudulent implementation of the e-naira project, and exemption of three foreign firms from paying income tax.

Meanwhile, the investigation has uncovered the strange illegal withdrawal/theft of $6.23mn from the CBN vault by two persons who used a forged presidential letter.

The suspects currently in custody were said to have presented a forged letter on February 7 and 8, 2023, purportedly signed by Buhari to withdraw the money allegedly meant for payment for foreign election observation missions.

Punchng.com
https://punchng.com/emefiele-operated-593-illegal-us-uk-china-accounts-cbn-investigator/

Elstan20:
All you said are lies I didn't remember telling you I want to go to a high market place I will go to where my money can start something
Not all places in Lagos has thier shop rent ranging from 400k na lie and not all houses in Lagos has their rent ranging from 150k too so stop with the unnecessary hype man .

Please don't listen to many of them giving you stupid advice here. Many of them are teenagers or school boys and girls who have never been to Lagos, or saw with their naked the various opportunities available there for you to start small and end up big.

Especially for Igbo people who have innate business acumen, the sky is your limit there to make it big. Many of their rich uncles, building big mansions there came to Lagos with Ghana-must-go bags, and end up massively rich within 10 or less years.

If it is your ambition, contact someone to assist in looking for low cost accommodation and shop between Mowe and Berger. After getting one, then relocate and start your raw food business there in a low key form, so that you can learn through experience, and then expand your business when you gain enough expertise in the business.

Lagos has the population to sustain your business type because man must wack, and there is less risk there of losing your money if you transact mostly through a bank account. And don't forget to look for a good spiritual church to go there, where you can get divine assistance. Before you know it you too will be rich.

So please start the process of relocating there now.

marlow1962:
It's so funny how everyone is getting bleeped by the government and yet they feel relaxed, but very quick to turn and attack their fellow man, but sing praises to the elites, both the ones that benefits from the peanuts and the ones that don't. When you talk they insult you, it's so funny. If I get a pack of my nestle water, 25k is already gone.

If you are drinking Nestle water, then you don't need the 25k.

Liverpool will soon score, their pressure against ManU is getting intense.

Chelsea has become a 3rd rated team, struggling to win lowly Sheffield.

SeriouslySense:
IQ
IQ
IQ
IQ
Please i need more IQ. Thank you.

I dey sell IQ.

In Rands pls.

Kafirbigot:
Yoruba and fake prophets and Propaganda prophecy...sef


What kind of tribe is this sef...

Biko, no vex. We are all kafirs according to your esteemed self.

fxexperts:
I am not the one who first called for the elite to be killed. so going by your insinuation i think you are just pained and jealous. where were you and your ancestors when those elite were making money for themselves and their children.

Balderdash. Not making any sense.

Please find something better to do with your time.

I am through with you.