The special investigator appointed by President Bola Tinubu, Jim Obazee, and his support team are set to begin questioning officials implicated in alleged wrongdoing at the Central Bank of Nigeria (CBN) and related entities. This development comes after the dismissal and subsequent arrest of...
Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), is reportedly seeking a plea bargain in the criminal case filed against him by the federal government. Emefiele is facing a 20-count charge, including alleged conspiracy to commit procurement fraud. He is co-accused...
The Central Bank of Nigeria (CBN) incurred approximately ₦74.84 billion in expenses during 2022 due to the naira redesign policy and other currency-related matters. These expenses encompassed the printing, processing, distribution, and disposal of currency notes, including factors like raw...
Suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, was visibly emotional as he wept in court on Thursday after his arraignment was adjourned to August 23, 2023. The Federal Capital Territory High Court's adjournment came due to the absence of another defendant, Sa’adatu Yaro, in...
The Federal Government is set to arraign suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and his associates at the Federal Capital Territory (FCT) High Court in Abuja on Thursday. Emefiele, along with a female CBN employee, Sa’adatu Yaro, and her company, April1616 Investment...
The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, faces further legal trouble as the federal government plans to file 20 new charges against him. Mohammed Abubakar, the Director of Public Prosecution (DPP) of the federation, revealed this to journalists at the Federal...
Acting Governor of the Central Bank of Nigeria (CBN), Fola Shonubi, has issued a warning to currency speculators about potential losses as the bank prepares to implement a new policy aimed at stabilizing the exchange rate. Shonubi revealed that the CBN is introducing an upcoming policy to bridge...
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