HomeGeneralTinubu’s Aide Onanuga Says Emefiele's Crimes Would Have Earned Death Penalty In...

Tinubu’s Aide Onanuga Says Emefiele’s Crimes Would Have Earned Death Penalty In China

Special Adviser Information and Strategy to President Ahmed Tinubu, Mr. Bayo Onanuga, has submitted that former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, would have been sentenced to death in China, going by what government investigations had uncovered.

Taking to X, the Presidential Spokesman tweeted on Friday:

“If Godwin Emefiele and his gang had committed these egregious misappropriations in China, they will by now be facing the firing squad for high treason.”

Onanuga was reacting and quoted a report in detail with the titled, “UNDER THE FORMER CBN GOVERNOR – WHAT THE CBN INVESTIGATOR FOUND.”

The report highlighted Emefiele’s misdemeanours as including:

— Unauthorized funded 593 Bank accounts located in the UK, US, and China

— Fraudulent cash withdrawal of $6.23 million from CBN vault under a purported approval of the president to pay foreign election observers

— Gross financial misconduct by Ex CBN Governor and at least 13 other individuals, including his Deputy Governors

— £543.4 million kept in fixed deposit by Mr. Emefiele

— Manipulation of the Naira exchange rate and perpetration of fraud in the e-Naira project of the CBN

— The Naira Redesign was neither recommended by the Board of the CBN nor approved by the then President

— The CBN printed the new N200, N500, N1,000 notes at a total cost of N61.5 billion out of which N31.8 billion has been paid to the Contractor

— The sum of N1.73 billion was spent on questionable legal fees on 19 cases that are directly traceable to the Naira Redesign and reconfiguration agenda

— £205,000 was paid to a UK Firm for Naira Redesign effort – positioning of watermark, presence of QR codes, different numbering style, and other complex security features

— Fraudulent use of Ways & Means to the tune of N26.627 trillion

— Fraudulent intervention programmes

— Fraudulent expenditures on COVID-19

— Misrepresentation of presidential approval on the NESI Stabilization Strategy Ltd.

— Padding of former President Buhari’s approval with N198.96 billion – approximating N801.04 billion to N1 trillion

— No approvals are received from the former president and yet N500 billion was taken and debited to Ways & Means

— Former CBN Governor and 4 Deputies connived to steal outrightly in order to balance the books of the CBN

— No approval for the breakdown of N22.72 trillion presented to the 9th National Assembly to illegally securitize the “Ways & Means” financing


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