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EFCC to arraign Emefiele for printing naira notes without strict approval

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The Economic and Financial Crimes Commission (EFCC) has filed a fresh four-count charge against Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN).

The anti-graft agency is accusing Emefiele of “illegal” printing of naira notes in its fresh charge.

Emefiele is expected to be arraigned before Maryann Anenih, a judge at the federal capital territory (FCT) high court, on Wednesday.

In the charge sheet seen by TheCable, EFCC alleges that Emefiele “disobeyed the direction of law with intent to cause injury to the public” by approving the printing of naira notes without “strict approval” from former President Muhammadu Buhari and the CBN board.

The anti-graft agency also accused Emefiele of approving the withdrawal of N124.8 billion from the consolidated revenue fund “in a manner not prescribed by the national assembly”.

“That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of N375,520,000.00 pieces of colour swapped N1, 000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence,” the charge sheet reads.

“That you, GODWIN IFEANYI EMEFIELE, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes, at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

“That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of colour swapped N200 (Two Hundred Naira) Note, at the total cost of N3, 441, 005, 280 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

“That you, GODWIN IFEANYI EMEFIELE, on or about the 7th day of October 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended), by approving the withdrawal of the total sum of N124, 860, 227, 865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public and you thereby committed an offence.”

NAIRA REDESIGN CONTROVERSY

On October 26, 2022, Emefiele announced the plan to redesign the highest denominations of the country’s currency to control money supply and aid security agencies in tackling illicit financial flows.

Emefiele had said the new notes (N200, N500, and N1000) would be effective from mid-December 2022, advising customers to deposit their old notes before January 31, 2023, when they would cease to be legal tender.

The scarcity of old naira notes sparked violent protests in many parts of the country as banks and automated teller machines (ATMs) were torched.

Many analysts had argued that the naira redesign policy was politically motivated.

On numerous occasions, Buhari expressed approval for the naira redesign policy.

In November 2023, Buhari explained why he approved the naira redesign policy.

MULTIPLE TRIALS

Emefiele is currently facing multiple trials over his management of public funds and decisions taken while he was governor of the apex bank.

In November 2023, Emefiele was arraigned before Hamza Muazu, a judge at the FCT high court, on a six-count charge bordering on alleged criminal breach of trust, forgery, conspiracy to commit forgery, procurement fraud, and conspiracy to commit a felony.

The charge which was formerly six counts, had been increased to 20 counts.

The former CBN governor pleaded not guilty.

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Lagos state government shuts hotels, poultry over noise, air pollution

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The Lagos State Environmental Protection Agency has shut down several businesses in the Ikorodu area of the state over environmental infractions.

The state Commissioner for the Environment and Water Resources, Tokunbo Wahab, disclosed this in a statement on X.com on Friday.

The statement read, “In a bold move to tackle noise, air pollution, and other environmental infractions, the Lagos State Environmental Protection Agency recently conducted a comprehensive enforcement operation in key areas of Lagos State, including Agric, Ibeshe, and Ikorodu.

“Despite prior warnings, several establishments, including hotels, bar, gas filling station, poultry farms, and lounge, continued to flout LASEPA’s directives.

“As a result, these establishments have been temporarily shut down to ensure compliance with environmental regulations.”

The affected businesses were said to include Victory Hotel, Wendy Bar, Moore Gas Plant, Provider Farm and Poultry, Cloud 24, Little Palace Hotel, City Groove Lounge and Bar, Destiny Castle, and B.S. Gold Warehouse.

In the statement, LASEPA stated that it has repeatedly warned businesses about the need to adhere to environmental standards.

The agency also vowed to intensify its enforcement efforts to ensure compliance with state environmental laws.

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We have identified sponsors of planned nationwide protest, says DSS

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The Department of State Services (DSS) says it has identified those behind the planned nationwide protest.

In a statement on Thursday, Peter Afunanya, DSS spokesperson, said the service is applying a “non-kinetic measure and conflict resolution” to address the impending protest.

There are reports that youths across the country are planning to embark on nationwide protest over the increasing cost of living.

The DSS spokesperson said the secret police found the planned demonstration to be “politically motivated”.

“While peaceful protest is a democratic right of citizens, the Service has confirmed a sinister plan by some elements to infiltrate the protest and use it to cause chaos and extreme violence in the land,” the statement reads.

“It has also identified the reason behind the protest to be political.

“The plotters desire to use the intended violent outcome to smear the federal and sub-national governments; make them unpopular and pit them against the masses. The long-term objective is to achieve regime change, especially at the centre.

“The Service has also identified, among others, the funding lines, sponsors, and collaborators of the plot.

“However, it does not think that aggression should be the first line of action in the instance, in handling the emerging scenario.

“It has instead variously applied non-kinetic and conflict resolution strategies, including moral suasion, stakeholder engagement, and other multi-track diplomatic shuttles, to dissuade the planners from actualising their undesirable objective.”

Afunanya said the “agitators” should use “ample ways” available to them to channel their grievances without resorting to violence.

“The Service calls on people of goodwill, leaders of thought, captains of industry, labour unions, student associations, youth leaders, the civil society, clergy, NGOs, women groups, civil servants, and politicians to shun any invitation to participate in any orchestrated violence, deliberately designed to cause disaffection in the country,” he said.

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22 drug dealers convicted in July, says NDLEA

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The Kano State Command of the National Drugs Law Enforcement Agency on Thursday disclosed that it secured the conviction of 22 drug dealers in the state in July 2024.

Confirming the convictions to newsmen, on Thursday, the Commander of the agency, Abubakar Idris-Ahmad, described the feat as a major victory in its fight against illicit drug trafficking and abuse.

Idris-Ahmad said, “Out of the 22 drug dealers convicted, one Abubakar Mu’azu’s arrest resulted in an altercation during which he stabbed an NDLEA officer.”

“Mu’azu was charged to court and sentenced to three years in a correctional centre, while the other convicts were sentenced to various terms of imprisonment.

“Different types of illicit substances were found in Mu’azu’s possession.”

The narcotics commander said that the command would continue the fight against drug trafficking and abuse and prosecute those culpable.

Idris-Ahmad commended the Chairman/ Chief Executive Officer of the agency, retired Brig.-Gen. Mohammed Buba-Marwa, for his unwavering support and commitment to the fight against drug abuse.

According to him, no amount of intimidation or violence would hinder the agency’s operatives from pursuing and bringing perpetrators to justice.

“Our operatives are trained professionals who will stop at nothing to ensure that those who engage in drug-related offences face the full wrath of the law,” he stated.

To accomplish its mission of ridding the state of drug addicts, the commander solicited the support of the general public, urging them to remain vigilant and report any suspicious activities related to drug abuse and trafficking to the agency for prompt action.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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