How Emefiele Instructed Collection Of $3m Cash in Tranches- Dispatch Rider Tells Court

How Emefiele Instructed Collection Of $3m Cash in Tranches- Dispatch Rider Tells Court

3 weeks ago
1 min read

In a twist at the Special Offences Court in Lagos, a dispatch rider, Monday Osazuwa, disclosed how he was instructed by former Central Bank of Nigeria Governor, Godwin Emefiele, to collect the sum of $3 million cash in different installments.

Osazuwa, who testified under oath, recounted his experiences to the court, stating, “I was given an envelope. I counted the money (in it) and was told to give it to my boss.”

He further elaborated, “Whenever I received the money and took it to my boss’ residence, Mr. Emefiele would tell me to give it to the second defendant (Omoile) whenever he was not home.”

According to Osazuwa, these transactions occurred while Emefiele was serving as Managing Director of Zenith Bank and later as the Governor of the Central Bank of Nigeria.

The witness clarified that he had never been rewarded or compensated for these services rendered. He asserted, “I did not keep a record of the transactions because he instructed me that I should collect the money and bring it to his house.”

READ ALSO: Buhari’s Signature Was Forged To Withdraw $6.2bn From CBN Under Emefiele, Ex-SGF Alleges 

Emefiele, who is facing charges of abuse of office and fraud amounting to $4.5 billion and N2.8 billion, was granted bail in the sum of N50 million. His co-defendant, Henry Isioma-Omoil, was also granted bail.

Despite efforts by the defense counsel to adjourn the proceedings, Justice Raman Oshodi refused and adjourned the case till April 29, 2024, for trial.

The disclosure by Osazuwa sheds light on the intricacies of the case against Emefiele and underscores the gravity of the allegations leveled against him.

The courtroom was packed as Osazuwa’s testimony unfolded, with observers keenly following every detail of the proceedings.

Emefiele and his co-defendant maintain their innocence, pleading not guilty to the charges brought against them by the Economic and Financial Crimes Commission (EFCC).

As the trial progresses, the revelations presented by witnesses like Osazuwa will play a crucial role in determining the outcome of the case.

The adjournment to April 29 sets the stage for further legal battles and intense scrutiny of the evidence presented by both the prosecution and defense teams.


MOST READ

Follow Us

Latest from Business

CBN, Fintechs And Money Laundering

CBN, Fintechs And Money Laundering

An important development that occurred in the financial services industry the other week went largely unreported in the press; perhaps because the media is still engrossed in all the corruption dramas of
How Govt Palliative Worsening Food Inflation- CBN Gov

How Govt Palliatives Push Food Inflation – CBN

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the government’s large-scale purchase of foodstuffs as palliatives is contributing to the country’s rising food inflation. This statement was

Don't Miss

Emefiele Fraud: Court Adjourned Alleged Procurement Case Till June 24

Emefiele Fraud: Court Adjourned Alleged Procurement Case Till June 24

The Federal Capital Territory high court postponed the