How Emefiele Illegally Invested Nigeria’s Money In 593 Foreign Accounts – Investigator

The embattled former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been accused of illegally investing billions of Nigeria’s money, in 593 bank accounts in the United States, United Kingdom, and China without the approval of the CBN’s board of directors and the Investment Committee..

This was disclosed by the Special Investigator on the CBN and Related Entities, Jim Obaze, in his final investigative report to president Bola Tinubu.

According to Obaze’s report, Emefiele lodged £543, 482,213 in fixed deposits in UK banks alone without authorisation.

The report  partly read;

“The former governor of CBN, Godwin Emefiele invested Nigeria’s money without authorization in 593 foreign bank accounts in United States, China and United Kingdom,  while he was in charge.

“All the accounts where the billions were lodged have all been traced by the investigator.”