Witness Narrates Alleged Contract Awards to Emefiele’s Wife and In-Law


A prosecution witness, before a Federal Capital Territory High Court in Maitama, recounted how Godwin Emefiele, former Central Bank of Nigeria (CBN) Governor currently on trial for fraud and corruption charges, purportedly granted 45 contracts, collectively valued in billions of naira, to family members, including his wife Margaret Emefiele, and an associate.

The witness, identified as Agboro Michael, an investigator with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), shed light on the intricate web of corruption during his testimony on Monday.

Michael disclosed to the court that a staggering 45 contracts, collectively worth billions of naira, were awarded to various entities closely linked to Emefiele, including his wife, Margaret Emefiele, and associates.

HiAmong the beneficiaries were April 1616 Investment Limited, owned by Sa’adatu Ramalan Yero, a CBN employee and Emefiele’s associate, and Architekon Nigeria Limited, owned by Margaret Emefiele. Even a brother of Margaret Emefiele was reported to have benefited from some of these lucrative contracts.

The witness highlighted the dubious nature of these contracts, revealing that the companies involved were not even accredited by Toyota, the purported supplier of vehicles.

The witness told the court, that the inter-agency investigation involving the ICPC,Economic and Financial Crimes Commission(EFCC), Code of Conduct Bureau (CCB), and the State Security Service (SSS) showed that the contracts were awarded by Emefiele to confer corrupt advantages on the beneficiaries.

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The charges against him include allegations of conspiracy, criminal breach of trust, forgery, and obtaining by false pretense, amounting to a staggering $6.23 million.

Meanwhile,Emefiele, who served as the CBN governor for nearly a decade, has vehemently denied the charges against him.

However,At the continuation of the hearing in the case on Monday, Rotimi Oyedepo, a Senior Advocate of Nigeria (SAN) and the prosecuting counsel for the Economic and Financial Crimes Commission (EFCC), led Michael in presenting evidence.

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