₦airaland Forum

An Assistant Manager with Zenith Bank Plc, Mrs Ifeoma Ogbonnaya, has narrated how Mr Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), moved funds to his wife, Mrs Margaret Emefiele.

Ogbonnaya told an Ikeja Special Offences Court on Tuesday how Emefiele used the bank to move multimillion naira to his wife.

Emefiele is standing trial over abuse of office and alleged $4.5 billion and N2.8 billion fraud while in office.

Ogbonnaya, the fifth prosecution witness, was led in evidence by the Economic and Financial Crimes Commission (EFCC) Counsel, Mr Rotimi Oyedepo (SAN).

She told the court how Emefiele used Zenith Bank to transfer millions of naira in tranches to his wife through various companies.

Ogbonnaya said the companies that received the cash flow were Amswing Resources and Solution, Limelight Dimensional Service Ltd., Omec Support Service Ltd. and Mango Farm.

“Limelight manages the facilities of CBN, located at Alakija and all transactions pertaining to power and fixing things that are not working was always done by the vendors,” she said.

The witness who also doubles as a Business Relationship Manager, joined the bank in 2006.

Ogbonnaya said she never had direct dealings with the ex-CBN governor but received instructions from his wife to transfer cash from CBN into their private companies through Zenith Bank account.

She said apart from Mrs Emefiele she also received instructions from two other people, one Mr John Ogah and one Mr Opeyemi Oludimu, who worked for the Emefiele but now late.

The witness, however, said that she managed the various companies accounts through which the multimillion naira was sent to.

“Mrs Margaret Emefiele, the ex-CBN governor’s wife, is the direct beneficiary of the accounts. The companies sent transfer instructions to my email and Margaret is the beneficial owner of the accounts.

“All transactions made in the accounts were confirmed by Mrs Emefiele before they were processed. She sends transfer instructions directly to my official email address with Zenith Bank or sends two other persons to act on her behalf but I still receive approval from her,” she said.

The witness also told the court that from March 9 to 11, 2015, the accounts received cash flow from the apex bank to the tune of N18. 9 million and N1.8 million respectively

“On Feb. 22, 2021, there was a cash flow of N43 million from CBN, on July 21, 2022, there was a cash flow of N37.3 million, on Oct. 21, 2022, there was a credit flow of N44.6 million, on May 10, 2023, there was a cash flow of N93.1 million from CBN, among others,” she said.

The witness further said that she usually communicate with Emefiele’s wife through email, phone calls and Whatsapp on transactions that were to be carried out on the accounts before processing them.

She said the bundles of documents which entailed the various transactions were printed from her office desktop computer.

“The documents were sent to my email and when investigation started, I was requested to print all the documents to the law enforcement which I did.

“I printed from the office desk top and took them to compliance officer. I also have certificate confirming that these documents were printed from Zenith Bank,” Ogbonnaya said.

The prosecution sought to tender the bundles of documents which entailed the various transactions that took place between the witness and Emefiele’s wife.

Emefiele’s Counsel, Mr Olalekan Ojo (SAN), and the second defence counsel, Mr Kazeem Gbadamosi (SAN), did not object the admissibility of the documents.

The court, thereafter, admitted into evidence the certificate of identification, bundle of printed documents, following no objections from the defence.

The witness, thereafter, spoke into the documents and briefly explained the inflow and outflow of fund, purportedly sent from the CBN through Zenith Bank to Emefiele’s wife.

The prosecution also sought the indulgence of the court for the witness to write down the number in which she used to have conversations with Mrs Emefiele on an A4 paper which was admitted into evidence.

The witness, however, said that she could not remember some digits of the number by heart but she could recall it through her mobile phone.

The two defence counsel, however, objected to the witness, recalling the number through her phone.

The News Agency of Nigeria (NAN) reports that Justice Rahman Oshodi had earlier in the proceeding granted the application filed by the second defence counsel to recall the first prosecution witness, Monday Osazuwa.

EFCC had on April 8 arraigned Emefiele on 23 counts bordering on abuse of office, accepting gratifications, corrupt demand, receiving property fraudulently obtained and conferring corrupt advantage.

Also, his co-defendant Henry Omoile-Isioma, was arraigned on three counts bordering on acceptance of gift by agents.

The defendants, however, pleaded not guilty.

The judge, however, adjourned the case until July 10 for continuation of trial. (NAN)

Source: https://dailytrust.com/How-Emefiele-Moved-Funds-From-CBN-Into-Wife’s-Account-Witness

But true true
I dey preach say everybody fit change and chase Repentance no matter their fault
Emefiele too but na for Inside person him go repent him own
No be for society

Wey all this money sef

Na so.


We need more witnesses to also come and tell us how Buhari moved some of the funds to his wife, relatives (in-laws), aides and cronies accounts. No be only Emefiele stole, una no de remember that Aisha Buhari's brother was solely in charge of the new money printing? Why haven't you lopsided probers invited Aisha Buhari's brother, including the master looter Buhari himself?

This guy really run Nigeria street no be small. There are still numbers of corrupt people like him running Nigeria, those that have run Nigeria in the past. May dey receive their judgements here on earth.

S

Ahab and jezebel!

Hmmm

Fraud

robinso01:
This guy really run Nigeria street no be small. There are still numbers of corrupt people like him running Nigeria, those that have run Nigeria in the past. May dey receive their judgements here on earth.

Buhari ran Nigeria street using different criminals like Emefiele.


They used Emefiele, so he decided to pocket some since President and his cronies were looting, you can't blame him.


What about that Minister of Humanitarian Affiars under Buhari that said she shared trillions to Nigerians, including using billions of Naira to feed Nigerian pupils who were at home observing covid-19 lockdown.


If you guys cant blame Buhari but prefer to be condemning just Emefiele, then Nigeria goes nowhere because Nigerian Presidents will continue to loot Nigeria dry using aides, ministers and their cronies knowing that at the end nobody will touch them.

Nigeria is finished.
The banker refuse to disclose her own share from the loot. See the way they are sharing money within themselves, sending millions and billions.

This guy no try

Not street a over street

robinso01:
This guy really run Nigeria street no be small. There are still numbers of corrupt people like him running Nigeria, those that have run Nigeria in the past. May dey receive their judgements here on earth.

All ds na arranged lies from the government

Emefiele is seriously in trouble.
I hope they catch Bello soon.

When is he going to get his judgement?

We have been hearing media stories for 2 years now and by the time judgement is finally passed and they slam him with 7 years, he must have already done like 6 years.

By the way, dem suppose don free Bobrisky on good behaviour.

Emiefele might end up convicted to jail term. To much abuse of office

Bhuari was fooled

They should release Emefiele to Nigerians for considerate jungle justice

See person wey wan become President b4 ? The long neck, bald vulture head do us shege last year Feb to April. Thanks to El Rufai the then Kaduna state gov,the Kogi thief ,the court that delivered us from the clutch of Emefiele. See money wey one person looted . The idiot stingy lifestyle nor be here.


FG should confiscate all his property

Cajal:
Bhuari was fooled

They should release Emefiele to Nigerians for considerate jungle justice

I disagree buhari was never fooled. Emefemele is the sacrificial Lamb they all knew what they were doing.

So Buhari no do anyone wey Emefiele do

Anguldi:
Emiefele might end up convicted to jail term. To much abuse of office

with the way the judiciary is waltzing with this matter, it might take 6 long years to finally hand him 8 years sentence (if that ever happens) which means he has already served 6 years.

So that money can be available to pay lawyers now, why the past CBN governor was corrupt was that he did not work for the emergency of this current administration. .... I pray federal government and SANs will not leave this man at zero point financially.

Before you think, think around, these people who were able to manufacture bishops from oshodi and Ikotun can manufacture anything they wish, the bishops were humans, this witness is a human, you folks have seen entities such as helinues, yarimo, the vulture guy fabricate scenarios that look like they are real just to lump sentiments and propaganda, wasn't it same people who created fake rice or groundnut pyramid?

Ask yourself, If Emefiele was doing all these without the senate and the president unaware of it, it puts into clear air their competence level, now, Some of these folks defended the regime for 8 years, and are still on it.

Look at their method, if you are amongst them, your priority must be to stress out the masses, show them wickedness, etc, if you ever want to get out, we will punish you, Emefiele is suffering because he challenged the god and father of some people, nothing else, if you want to probe him, what of his principal that oversaw his policies, and etc .


N/B.
Mods please this is a notice, if anyone quotes me, I will yab their mama and papa, and somehow prophet mohammed will collect stray bullet with allah, please I said it first.

Agbor people should go and save this man o... This guy abused office to the core... Made so many agbor people multi millionaires

olarent:
Not street a over street

If there's something else to qualify it sef

Bart guy

If it were to be china, they would sentence this man to death ..🤔

franchasofficia:
Buhari ran Nigeria street using different criminals like Emefiele.


They used Emefiele, so he decided to pocket some since President and his cronies were looting, you can't blame him.


What about that Minister of Humanitarian Affiars under Buhari that said she shared trillions to Nigerians, including using billions of Naira to feed Nigerian pupils who were at home observing covid-19 lockdown.


If you guys cant blame Buhari but prefer to be condemning just Emefiele, then Nigeria goes nowhere because Nigerian Presidents will continue to loot Nigeria dry using aides, ministers and their cronies knowing that at the end nobody will touch them.

Both buhari, Emefiele and every members of buhari cabinet, they are all thieves.