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EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu - Politics - Nairaland

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EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Corrinthians(m): 4:10pm On Dec 22, 2022

Officials of the Economic and Financial Crimes Commission, (EFCC) have grilled top directors of the Central Bank of Nigeria over their roles in the N2 billion loan given to the National President of the National Cotton Association of Nigeria (NACOTAN), Anibe Achimugu.

Achimugu is also the Managing Director of Arewa Cotton and Allied Products Limited.

Sources told SaharaReporters that the CBN directors were grilled for hours by EFCC investigators over the loan during the week.

They were asked to explain why an individual could get such a multi-billion-naira loan from the apex bank.

According to a top EFCC official, the apex bank directors denied knowing when the CBN governor, Godwin Emefiele approved the loan for Achimugu, adding that it wasn’t discussed during any of their meetings.

They also tagged the approval of such a loan as illegal.


“The President of National Cotton Association of Nigeria (NACOTAN) and managing director of Arewa Cotton, Mr Anibe Achimugu was given N2 billion by Emefiele,” one of the sources said.

“Our (EFCC) investigators invited top CBN directors to explain how an individual could get such a personal loan from the apex bank, they were interrogated for hours and they denied knowing when Emefiele approved such a loan. They said they were not aware he gave out such an amount to Achimugu.

“We discovered that the whole association, NACOTAN, was earlier given N24 billion intervention funds approved by Buhari to grow and harvest cotton. But only N10 billion was recovered as the group claimed bandits didn’t allow them to harvest their cotton.

“Yet, Emefiele through the back door approved N2 billion for the President of this same association. The investigation also showed that Emefiele collected back part of the N24 billion initially given to the association as kickbacks. This is the reason why he doesn’t care about it being paid back or not.”

Recently, Nigeria’s secret police, the Department of State Services, moved to arrest and detain Emefiele over alleged terrorism financing.

A Federal High Court in Abuja however declined an application for an arrest warrant by the secret police to make the arrest.

SaharaReporters had reported how the CBN boss had perfected plans to cover up his corruption records in the last eight years.

Emefiele, who has been governor since 2014, is the first person to serve two terms at the head of Nigeria’s apex bank in nearly 20 years.

He was first appointed by then-President Goodluck Jonathan in June 2014, after Sarah Alade served out the term of the suspended Lamido Sanusi.

Multiple sources told SaharaReporters how Emefiele secretly sent the names of Mrs. Aishah N, Ahmad, Deputy Governor, Financial System Stability Directorate and that of Mr. Edward L. Adamu Deputy Governor, Corporate Services Directorate to President Muhammadu Buhari for renewal.

The duo who are board members of the apex bank were first appointed on March 23, 2018, by the President.

The move by Emefiele to nominate his stooges for re-appointment was part of plans to cover his corruption records in the bank.

“Emefiele has secretly sent Aisha and Edwards name for renewal months before time to stop the next government from appointing their own candidate and to allow them cover his back,” a source in the bank had told SaharaReporters.

“He has paid the villa cabals millions in dollars to get the renewals approved. Edward was that one on the audio SaharaReporters exclusively leaked.


“Aisha is that deputy governor Samaila Isa Funtua and his son brought.”

SaharaReporters had reported that Emefiele; the President of African Export-Import Bank (Afreximbank), and Prof. Benedict Oramah; among others were under investigation over the $300 million the pan-African multilateral financial institution gave to Titan Trust Bank Limited to acquire 93.4 per cent stake in the Union Bank of Nigeria Plc.

Others being investigated are Aminu Yaro, a Northern business mogul and one Farouk Gumel.

Sources had told SaharaReporters that the EFCC, DSS, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Nigerian Financial Intelligence Unit (NFIU) were all investigating Oramah, Emefiele and others.

In contravention of the CBN act, Emefiele early in the year joined the ruling All Progressives Congress.

The action was against Section 9 of the CBN Act, 2007, which stated: “The Governor and the Deputy Governors shall devote the whole of their time to the service of the bank and while holding office shall not engage in any full or part-time employment or vocation whether remunerated or not except such personal or charitable causes as may be determined by the Board and which do not conflict with or detract from their full-time duties.”


According to the chairman of Ward 6 in the Ika South Local Government Area of Delta State, Nduka Erikpume, the CBN governor had registered as an APC member.

“Yes, he has registered since February 2021. He is our member,” Erikpume had said.

Amid widespread condemnations, the CBN governor headed to a Federal High Court in Abuja to seek a constitutional interpretation of his non-resignation while pursuing his political interests.

https://saharareporters.com/2022/12/22/exclusive-anti-graft-agency-efcc-grills-nigerian-central-bank-directors-over-multi

6 Likes 1 Share

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by MadamExcellency: 4:16pm On Dec 22, 2022
This is just a disjointed smear publication.

It's childish and doesn't worth the time spent reading the speculation.

91 Likes 10 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by AfonjaEmir: 4:20pm On Dec 22, 2022
All these rants and noise because Emifele, changed NAIRA and reduced the "raw cash" outflow.

Zombie...i ask, why is this affecting agbado supporters the most??

Why crying?? Is that the structure you are talking about??


NA DIE UNA DEY!!

152 Likes 13 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Corrinthians(m): 4:20pm On Dec 22, 2022
MadamExcellency:
This is just a disjointed smear publication.

It's childish and doesn't worth the time spent reading the speculation.
I totally agree with you. Emefiele is an Igbo man, he's without blemish. Tinubu is the one instructing the directors to smear emefiele because he has refused to allow him move cash in bullion van.

We Igbos are wise and see through Tinubu's plots.

74 Likes 6 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by flejnr2(f): 4:21pm On Dec 22, 2022
Forget , emefiele stole much from the cbn , and he is now in health styled exile waiting for things to cool down, he should comeback and face the consequences, most of you supporting him because of ethnicity now were the same screaming he should be sacked when he attempted to run for president, you should know the amount of bribe he have given that gave him the confidence to embark on the ambition to be president, have you all heard about the stamp duty probe running into trillions of Naira that he is facing that is part of the reason DSS want him arrested? You all should look above tribe and call a spade a spade, what has withdrawal policy to do with anybody running election that has Time from now till the deadline to withdraw enough money he needs and hide or does it affect the dollars in there possession?

107 Likes 11 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Brendaniel: 4:22pm On Dec 22, 2022
Buhari's administration is breaking records in bad governance and corruption...

29 Likes 4 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by orion7: 4:22pm On Dec 22, 2022
Tinubu men fighting because of reduction in cash to bribe and stock bullion vans

28 Likes 2 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by seunmsg(m): 4:22pm On Dec 22, 2022
He who comes into equity must come with clean hands.

104 Likes 9 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Corrinthians(m): 4:23pm On Dec 22, 2022
flejnr2:
Forget , emefiele stole much from the cbn , and he is now in health styled exile waiting for things to cool down
He stole nothing. Tinubu is the one behind his health issues. Since he ate gbegiri and ewedu with Tinubu, he has been feeling unwell. You Yorubas think Igbos will fold their hands and see you destroy the greatest son of Ndigbo. It won't work.

16 Likes 4 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by FrancescoFarino(f): 4:23pm On Dec 22, 2022
They must all vomit the billions

9 Likes 1 Share

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Corrinthians(m): 4:24pm On Dec 22, 2022
Brendaniel:
Buhari's administration is breaking records in bad governance and corruption...
Emefiele isn't part of Buhari's government. Jonathan appointed him. Emefiele is clean!!

11 Likes 2 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by seunmsg(m): 4:28pm On Dec 22, 2022
orion7:
Tinubu men fighting because of reduction in cash to bribe and stock bullion vans

Of course, Tinubu must be the one behind this again. He’s the one behind every single occurrence in Nigeria.

Seun, the owner of Nairaland and a lot of folks have condemned the CBN policy but somehow, Emefiele’s corruption problem must be Tinubu’s fault. It was Tinubu that forced him to give billions to an Igbo businessman and same Tinubu is so powerful that he can even send EFCC after a sitting CBN governor. Is EFCC and Manami not investigating Tinubu again?

Are there no folks who can still think sensibly in that part of the country again? Is this what hatred does to the brain? Smh!

140 Likes 13 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by MadamExcellency: 4:30pm On Dec 22, 2022
Corrinthians:
I totally agree with you. Emefiele is an Igbo man, he's without blemish. Tinubu is the one instructing the directors to smear emefiele because he has refused to allow him move cash in bullion van.

We Igbos are wise and see through Tinubu's plots.

There is no Igbo in Delta State.

13 Likes 4 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by bennybuhari: 4:32pm On Dec 22, 2022
Emefiele should not step his dirty feet into this country again. He is responsible for the mess our economy is in

14 Likes 3 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by flejnr2(f): 4:35pm On Dec 22, 2022
Corrinthians:
He stole nothing. Tinubu is the one behind his health issues. Since he ate gbegiri and ewedu with Tinubu, he has been feeling unwell. You Yorubas think Igbos will fold their hands and see you destroy the greatest son of Ndigbo. It won't work.
He really stole my brother, am Igbo and saying this , go to Facebook or instagram search for brekete family , after watching the interview there comeback and give your testimony

24 Likes 6 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Lanretoye(m): 4:36pm On Dec 22, 2022
All of them just dey take the country catch cruise.
Corrinthians:
He stole nothing. Tinubu is the one behind his health issues. Since he ate gbegiri and ewedu with Tinubu, he has been feeling unwell. You Yorubas think Igbos will fold their hands and see you destroy the greatest son of Ndigbo. It won't work.
emefiele is the greatest son of ndi igbo...sometimes your life go just dey blurr,abi u no notice am?

7 Likes 2 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Ckonnet: 4:40pm On Dec 22, 2022
Wahala dey

1 Like

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Ckonnet: 4:42pm On Dec 22, 2022
Corrinthians:
I totally agree with you. Emefiele is an Igbo man, he's without blemish. Tinubu is the one instructing the directors to smear emefiele because he has refused to allow him move cash in bullion van.

We Igbos are wise and see through Tinubu's plots.

Attack the case before playing along ethnic line, this is a grave crime if it's true. I don't care if he is my tribe's man or not. Na aboki hm give the loan oo

10 Likes 2 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Wizpa(m): 4:44pm On Dec 22, 2022
Who will win the 2023 Presidential elections.

Like for PeterObi and Share for Tinubu.

33 Likes 33 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Totonaamu: 4:45pm On Dec 22, 2022
Mad people

1 Like

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by brain54(m): 4:45pm On Dec 22, 2022
Corruption everywhere…

3 Likes 1 Share

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Sitwalkstand: 4:46pm On Dec 22, 2022
This guy will go down in history as the most useless CBN governor Nigeria ever had.

He had no clue about Monetary policy yet we appointed him based of connect.

He crashed the naira from N194 when he took over to almost N1000.

Had audacity to try to contest for presidency while seating as CBN governor.

No one knows how much of the new notes was printed.

Emefiele is very corrupt

Arrest this man now.

The money we need for our budget funding next year. Only this man has it.

Arrest him and we can recover 5 trillion

28 Likes 2 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by BATified2023: 4:46pm On Dec 22, 2022
AfonjaEmir:
All these rants and noise because Emifele, changed NAIRA and reduced the "raw cash" outflow.

Zombie...i ask, why is this affecting agbado supporters the most??

Why crying?? Is that the structure you are talking about??


NA DIE UNA DEY!!
I believe by now u igbos should have learnt from the mistakes u made with buhari by understanding the fact that unnecessary obsession doesn’t win election but votes


The madness u did with buhari didn’t stop him sote u even declared him dead n he still won

U people have already established yourself as the hate capital of Nigeria, no wonder u shout marginalization

How can other ethnic groups b playing politics n only igbos are playing hate n u wonder y u aren’t carried along


If u igbos can’t stop buhari with your cheap propaganda, blackmail, bullshit

What makes u feel u will stop tinubu?

80 Likes 7 Shares

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by patriotic007: 4:46pm On Dec 22, 2022
Efcc is the most corrupt arm of the ruling party.....They are mostly used as attack dogs by the ruling party......They do the bidding of those in power and turn their face away from the places where corruption is institutionized...... That is why I supported Peter obi when he said the best way to fight corruption is to identify those places where we have leakages and where corruption is thriving and cut them off for good.......Efcc is part of the system and the system is already corrupt.

3 Likes

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Corrinthians(m): 4:47pm On Dec 22, 2022
MadamExcellency:


There is no Igbo in Delta State.
My dear sister, anyone who tells you that is a liar. Igbos dominate Delta both culturally and financially. Forget the Afonja propaganda saying we don't exist in Delta.

God bless the great Igbo race.

9 Likes 1 Share

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Buhari4dullard: 4:47pm On Dec 22, 2022
The North has looted Nigeria silly
MadamExcellency:


There is no Igbo in Delta State.
How come Nzeogwu's coup was labelled an igbo coup then?
Nzeogwu is from Delta state.

8 Likes 1 Share

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Bigboy911: 4:47pm On Dec 22, 2022
we de smelly dirty yaruba muslim miscreants have really spoiled Nigeria,we don’t only harvest human skull,we are also into fraud grin grin

42 Likes

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Nobody: 4:48pm On Dec 22, 2022
Brendaniel:
Buhari's administration is breaking records in bad governance and corruption...

Indeed.

52 Likes 1 Share

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Nobody: 4:49pm On Dec 22, 2022
I pity Nigerians
Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by DeltaOil: 4:49pm On Dec 22, 2022
MadamExcellency:


There is no Igbo in Delta State.
I am from Delta state & grateful to be Igbo cheesy

Imagine if I were Fulani, I would have been an Almajiri. grin

8 Likes 1 Share

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Nobody: 4:50pm On Dec 22, 2022
brain54:
Corruption everywhere…

Total 'free for all' looting.

51 Likes 1 Share

Re: EFCC Grills CBN Directors Over Illegal Billion Naira Loan Given To Achimogu by Jagsconcept887(m): 4:50pm On Dec 22, 2022
Nigeria is indeed a comedy series, as predicted affected corrupt politicians has started blowing there tantrums to discredit the CBN governor and have him removed to Favour there wicked agenda.
PMB has agreed to handover by give a free and fair elections, let all man come to the battle ground on clean slate.
Say no to vote buying

3 Likes

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