EXCLUSIVE: How Nigerian Central Bank Gov., Emefiele Silenced Top Officials Of Secret Police, DSS By Exposing How They Also Received “Intervention Funds”

Nothing may be heard about the investigation against the Governor of the Central Bank of Nigeria, Godwin Emefiele again if the blackmail he tried to use on top officials of the secret police works, multiple sources have told SaharaReporters.

The CBN governor was recently at the centre of wide-ranging corruption allegations, including the stamp duties scandal, and bribery of National Assembly members with N1 billion to pass the bank's 2023 budget of N2.4 trillion, among others.

In 2022, he travelled out of the country amidst fears he would be apprehended by operatives of the secret police, Department of State Services (DSS) over several allegations against him, including terrorism financing.

SaharaReporters reported how the Federal High Court in Abuja refused to issue an order sought by the DSS to arrest Emefiele.

Some top directors of the apex bank were also grilled by officials of the Economic and Financial Crimes Commission, (EFCC) over their roles in the N2 billion loan given to the National President of the National Cotton Association of Nigeria (NACOTAN), Anibe Achimugu.

EFCC officials had told SaharaReporters that the CBN directors denied knowing when 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 had 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.

Amidst the threat of his arrest, Emefiele returned to Nigeria and has visited President Muhammadu Buhari in the Presidential Villa at least three times.

A source told SaharaReporters on Wednesday that the apex bank boss had been giving senior officials of the DSS sleepless nights “because he is ready to fight dirty”.

According to the source, Emefiele accused the bosses of the secret police of benefitting from multi-billion intervention funds given by the CBN.

“Are you surprised nothing is being heard about Emefiele from the DSS again? He has actually silenced their bosses. He confronted the leaders and senior officials of the DSS with their corruption scorecard,” a top official of the apex bank told SaharaReporters.

“He exposed how they too collected intervention funds from the CBN.”

This is not the first time Emefiele was accused of buying the silence of key people in government.

Recently, a member of the House of Representatives for Yankwashi/Roni/Gwiwa/Kazaure Federal Constituency, Gudaji Kazaure accused Emefiele of granting scandalous loans to some ‘powerful’ Nigerians, with each of them getting a minimum of about N2 billion.

According to the lawmaker, he was also offered a N1.8 billion interest and collateral-free loan by the CBN.

Kazaure had revealed, "I was approached about the CBN loan by House Committee on Banking and Currency, Hafisu. He told me that there was N1.8 billion facility with zero interest for me at the CBN and that no collateral was required.

"I declined the offer and explained that I do not have control over money because all money under my custody belongs to my constituents. Therefore, if I take the loan, I might get into trouble someday.

"Now if I had collected the money, I'd have lost my voice and would not be able to talk as I'm doing now. As for my colleague, he told me he was given N2 billion.

"I swear with the glorious Qur'an, he told me he collected N2 billion. Make no mistake, this is among some of the least facilities given to prominent Nigerians; some of these issues, you don't want to hear because they're staggering.

"And, listen, in due course we'll expose some of our colleagues who rushed to speak in defence of the CBN; we'll tell people how the monies were disbursed and how much every one of them got.

"Again, I swear by the glorious Qur'an, I have the records of all those who benefited from the CBN loan. This includes governors, companies and individuals in Nigeria."

The lawmaker had earlier revealed Emefiele allegedly offered N1 billion bribe to get the apex bank’s N2.4 trillion 2023 budget passed.

He also accused the CBN boss of planting his men in strategic positions at the National Assembly, in order to do for them to do his bidding.

Kazaure added that some members of the National Assembly benefitted from Emefiele's monumental corrupt dealings.

He said, "Shortly after the election of the Speaker of the House of Representatives, Godwin Emefiele swiftly and smartly so, through pecuniary inducements influenced the selection of members of the House of Representatives Committee on Banking and Currency, particularly the chairman, in the person of Honorable Victor Nwokolo, who represents his (Emefiele) constituency. In fact, he is Emefiele's younger brother.

"This man has practically bought over not just members of the National Assembly, but every influential Nigerian because the man (Emefiele) is richer than the Federal Government."

Source: https://saharareporters.com/2023/02/08/exclusive-how-nigerian-central-bank-gov-emefiele-silenced-top-officials-secret-police

Noted

Sahara can lie eh. How can an individual be richer than a country in that same country? Haba

Ok

Buhari- Presidency Cabal - Godwin Emefiele versus Bola Tinubu - APC governors. Fight!!

Lol!

Emefiele is their daddy🤣

If una like, cry from today till thy kingdom come, Emefiele will not remove his legs from Tinubu’s scrotum 😜.

The next thing now would be to get Buhari to sign an Executive Order to ensure that February 10th deadline remains sacrosanct.

By the time APC and Wike are done going from High Court to Appeal to Supreme Court challenging the legality of such Executive Order, the Elections would have been over by 3 months.

Ndi ala!😏

You cowards should leave him alone cause he is just carrying out instructions from his boss

Instead of talking to the president these wicked souls from hell keeps on opening threads after the other just to spin same trash about innocent man doing his job

Go and arrest him evil souls

One thing is certain, Buhari's regime will go down as the most corrupt regime nigeria has ever had

It is not Sahara Reporters that made the statement....it is Gudaji Kazaure that said
it. I guess you need to read the post again....

Thanksful:
Sahara can lie eh. How can an individual be richer than a country in that same country? Haba

Crap

Lol innocent man?... Wow.... It would've been better to remain silent than to make such statement.... Yes Buhari is the president but the CBN is statutorily independent under the law... Emefiele is responsible for his actions as the CBN governor and he is not above the law.... He has violated his mandate, he should resign and submit himself for investigation over these criminal allegations....

ican2020:
You cowards should leave him alone cause he is just carrying out instructions from his boss

Instead of talking to the president these wicked souls from hell keeps on opening threads after the other just to spin same trash about innocent man doing his job

Go and arrest him evil souls

It's unfortunate that Buhari and his government failed Nigerians....

HNICEARTH:
One thing is certain, Buhari's regime will go down as the most corrupt regime nigeria has ever had

I doubt both of you read the post.... It is strange that we politicize issues even to our own detriment. What does these revelations have to do with Tinubu? Read your comment again below and see how ludicrous you sound.... Next time try and read the post before you comment...

Racoon:
Buhari- Presidency Cabal - Godwin Emefiele versus Bola Tinubu - APC governors. Fight!!

Penguin2:
Lol!

Emefiele is their daddy🤣

If una like, cry from today till thy kingdom come, Emefiele will not remove his legs from Tinubu’s scrotum 😜.

The next thing now would be to get Buhari to sign an Executive Order to ensure that February 10th deadline remains sacrosanct.

By the time APC and Wike are done going from High Court to Appeal to Supreme Court challenging the legality of such Executive Order, the Elections would have been over by 3 months.

Ndi ala!😏

Emefiele the GOAT

APC should just go. They are confused people. Not fit to lead a kindergarten

Damn!

Emefiele my real niggar!

Dude be playing with Tinubu and Atiku balls

Emefiele this, Emefiele that! Emefiele ain't doing shit! it's buhari and his goons that are running the show. Emefiele is just a puppet.

Emefiele abeg distribute Naira now.. the masses can't bear this any longer

You that want to judge. . But you are also a partaker of the injustice.

Nigeria is a joke.

Well, anything that will frustrate the Blu Bla Blu. . Alias Emilokan. . The drug lord and billion van caretaker of Lagos State. . to bribe the entire nation, with his filthy money and hands is HIGHLY welcomed and accepted by me.

Also the armed robber Atifku Abubakar is not exempted. . He is a dangerous criminal too and will only sell Nigeria to himself and cronies.

My problem with Nigeria's secret police is the are too partisan. easily influenced by top political office holder's. and in a country were everybody is a would-be-thief. expect nothing but a country wreaked by corruption. we are in a season of smear campaigns

Emefiele was bad market the moment he showed interest in running for president without first relinquishing the compulsorily Neutral Central Bank Governor Position

Sharwama reporters on the beat

No politician for this country pure.... Not one!

Just see how elected and appointed officials are doing what they like with the commonwealth of the largest country of blacks in the world!


...And the imbecilic and cowardly citizens are busy burning banks, attacking bank staff, while coming online to defend these leaders and politicians!

Most Nigerian Negroes have extremely low intelligence... That's why they can be so easily cheated and manipulated!

He will use the same thing to silent elrufai and Gandollar,politicians blokos are in Emefiele hands, all he need is approval from bubu to squeeze or break them

When you read, take time to comprehend.

That statement was not made by Sahara but purportedly by Hon Kazaure

Thanksful:
Sahara can lie eh. How can an individual be richer than a country in that same country? Haba

Mak una leave Emefiele alone.