In a significant development, the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is reportedly leaving the apex bank Governors’ quarters in Lagos. Sources indicate that Emefiele, accompanied by a team led by CBN Special Investigator Jim Obazee, is in the process of moving his personal belongings from the residence situated on Glover Road, Ikoyi.
This move follows the Federal Government’s filing of 14 fresh charges against Emefiele, prompted by a report submitted by the CBN special investigator. The charges include allegations of criminal breach of trust, forgery, conspiracy to conduct forgery, procurement fraud, and conspiracy to commit a felony in the amendment.
Emefiele, who faced removal from his position as CBN Governor by President Bola Tinubu in June 2023, is now entangled in legal troubles relating to financial crimes. The Senate has also taken a stance, deciding to investigate the utilization of the N30tn Ways and Means loans obtained and spent during the administration of former President Muhammadu Buhari.
The Senate’s inquiry specifically points to the reckless spending of the loan under Emefiele’s leadership, attributing it to contributing significantly to the food and security crises in the nation. As Emefiele vacates the Governors’ quarters, the unfolding legal challenges paint a complex picture of the former CBN Governor’s tenure and the subsequent investigations into alleged financial irregularities.
