News
EFCC detains Emefiele 1 hour after DSS frees him

Godwin Emefiele, the embattled former Governor of the Central Bank of Nigeria (CBN), was reportedly released yesterday and subsequently picked up by the Economic and Financial Crimes Commission (EFCC).
Although there is no official confirmation on this development, media reports suggest that Emefiele is currently undergoing interrogation, and there are hints that additional charges may be pressed against him.
Emefiele has been under the custody of the Department of State Services (DSS) since June, following a suspension by President Bola Tinubu.
A day later, the DSS announced that Emefiele was in its custody for “some investigative reasons”.
On July 25, he appeared in a federal high court in Lagos, where he was arraigned on a two-count charge linked to the “illegal possession” of firearms.
Bail was granted, and the bail amount was fixed at N20 million.
On August 17, the federal government withdrew the two-count charge, resulting in its subsequent dismissal.
However, an additional 20 charges were brought against him, alleging that he conspired to engage in procurement fraud and other illegal activities.
On September 22, the CBN officially confirmed Emefiele’s resignation, after Olayemi Cardoso was appointed as substantive governor of the apex bank.
News
EFCC warns Nigerians against Facebook user claiming to be Olukoyede

The Economic and Financial Crimes Commission (EFCC) has cautioned Nigerians against dealing with a Facebook user parading himself as Ola Olukoyede, chairman of the anti-graft agency.
Dele Oyewale, EFCC head of media and publicity, in a statement on Wednesday, said the impersonator has been advertising a telephone line claiming to be Olukoyede’s “private line”.
He urged the public to be wary of the antics of the impostor, adding that efforts are ongoing to bring him to book.
“An impersonator parading himself as the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede is on Facebook,” the statement reads.
“The fake Olukoyede has also been advertising a phony telephone line, 08028189925 as the “private line” of the EFCC’s boss.
“The public is enjoined to be wary of the antics of the impersonator, while efforts are being made to bring him to book.”
The development comes hours after the EFCC alerted Nigerians to how fraudsters are swapping automated teller machine (ATM) cards of innocent people.
The anti-graft agency in a statement on Tuesday said the fraudulent practice is gaining momentum across the country
News
Emefiele fails to meet ₦300 million bail, to remain in prison till January 2024

The former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is set to spend more time behind bars as he failed to produce the ₦300 million bail amount specified by the Federal Capital Territory (FCT) High Court.
The court had earlier granted him bail on charges related to corrupt practices.
Justice Hamza Muazu of the Federal Capital Territory High Court Abuja had initially granted bail to Emefiele in the sum of ₦300 million, along with two sureties in like sum. The bail application was filed by his legal representative, Mathew Burkaa, SAN.
This decision comes after the former CBN governor had previously been granted bail by the Federal High Court in Lagos, where he was required to pay ₦20 million.
The charges against Emefiele include allegations of corruptly conferring advantages on individuals and a company, as outlined in a six-count charge. Among the charges are the award of contracts for the supply of vehicles and other services, totaling over ₦1.2 billion.
The charges specify instances where Emefiele is accused of corruptly conferring advantages on Sa’adatu Ramallan Yaro, a CBN staff, by awarding contracts for the supply of 37 Hilux vehicles at a cost of ₦854.7 million in 2018.
Additionally, he is alleged to have conferred an advantage on a company with a CBN staff as a director by awarding a contract for the supply of one Toyota Avallon at the cost of ₦99.0 million.
The charges also involve the illegal award of contracts for the supply of Toyota Land Cruiser V8 vehicles, with one incident in 2019 at the cost of ₦73.0 million and another in 2020 at the cost of ₦73.8 million.
Furthermore, Emefiele is accused of illegally awarding contracts for the supply of two Toyota Hilux in 2020 at ₦44.2 million and engaging in the illegal purchase of 43 vehicles between 2018 and 2020, amounting to ₦1.2 billion.
News
Sanwo-Olu appoints Bakare-Oki Olalekan as acting GM of LASTMA

Babajide Sanwo-Olu, the governor of Lagos, has appointed Bakare-Oki Olalekan as the acting general manager of the Lagos State Traffic Management Authority (LASTMA).
Olalekan possesses a master’s degree in transport management/planning from the University of Lagos and a bachelor’s degree in history and international studies from the Lagos State University.
He would succeed Bolaji Oreagba, the immediate past general manager of the agency.
In a statement issued on Friday, Jubril Gawat, the senior special assistant to the governor on new media, said Bakare-Oki joined the state civil service in 2000.
“A dedicated servant of Lagos state since 2000, Mr. Olalekan has risen through the ranks with a steadfast commitment to excellence and leadership,” the statement reads.
“With his recent role as deputy director, grade Level 16, and a seasoned background as director of the logistics & engineering department, he has demonstrated exceptional expertise in logistics, fleet management, and operational strategy across LASTMA’s extensive network.
“The accolades he has received, includes; ‘Best zonal head of the year’ and ‘Best area commander/outstanding leader of the year,’ reflects his unwavering dedication to service.”
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