Connect with us

News

Zenith Bank Manager Testifies in Emefiele Trial Over Alleged Financial Transactions

Published

on

cc: Emefiele

Mrs. Ifeoma Ogbonnaya, an Assistant Manager at Zenith Bank Plc, testified in the Ikeja Special Offences Court about alleged financial irregularities involving former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and his wife, Margaret Emefiele. She detailed how funds were purportedly transferred through Zenith Bank to companies linked to Mrs. Emefiele, including Amswing Resources and Solution, Limelight Dimensional Service Ltd., Omec Support Service Ltd., and Mango Farm. Ogbonnaya, who joined Zenith Bank in 2006 and serves as a Business Relationship Manager, stated that she received instructions from Mrs. Emefiele and others associated with her to facilitate these transactions.

According to Ogbonnaya, the transactions involved significant sums, such as ₦18.9 million and ₦1.8 million in March 2015, and subsequent flows including ₦43 million in February 2021, ₦37.3 million in July 2022, ₦44.6 million in October 2022, and ₦93.1 million in May 2023, among others. She testified that all transactions underwent verification and approval by Mrs. Emefiele before processing, often communicated through email, phone calls, and WhatsApp.

The prosecution presented documents supporting these claims, which were admitted into evidence without objection from the defense. Emefiele, who faces charges related to abuse of office and financial misconduct during his tenure at the CBN, has pleaded not guilty. The trial is set to continue on July 10, following procedural discussions in court.


 

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Tinubu: The Financial Wizard Set to Transform Nigeria — Gbenga Adeyinka’s Prediction

Published

on


Nigerian comedian Gbenga Adeyinka recently described President Bola Tinubu as a “financial wizard,” urging the nation to give him two more years to witness a significant transformation. Adeyinka’s confidence stems from Tinubu’s track record as the former governor of Lagos State, where he spearheaded an economic revolution that made the city a financial hub.

Tinubu’s administration has been marked by bold economic reforms, including the removal of fuel subsidies and a focus on revamping Nigeria’s financial systems. While critics remain skeptical, Adeyinka believes Tinubu’s strategic mindset and financial acumen will ultimately reshape the country’s economic landscape, driving growth and stability.

As Nigeria navigates these challenging times, the question remains: will Tinubu’s visionary leadership live up to this praise, and is two more years all it takes to see the change Adeyinka envisions? Only time will tell.


 

Continue Reading

News

NAFDAC Issues Warning Against Prophet Fufeyin’s Unregistered Miracle Products

Published

on


NAFDAC has issued a public notice regarding Prophet Jeremiah Fufeyin, alleging that he has been misleading the public by claiming that items such as “Miracle Water” and “Miracle Soap” are approved by the agency.

NAFDAC clarified that these products have not been registered and lack verified therapeutic claims.

The agency urges the public to exercise caution and avoid purchasing these unapproved items due to potential safety concerns.


 

Continue Reading

News

Tragic Tanker Explosion Claims 30 Lives on Niger State Highway

Published

on

Photo source: Google

At least 30 people lost their lives in a tragic fuel tanker explosion that occurred along the Agaie-Bida road in Niger State on Sunday morning.

The devastating accident reportedly happened when a fuel tanker collided with a trailer transporting cattle en route to Lagos State from Wudil, Kano State.

The Director General of the Niger State Emergency Management Agency (NSEMA), Abdullahi Arah, confirmed the heartbreaking incident, stating that rescue teams had so far recovered 30 bodies from the wreckage.

However, the situation remains dire as search and recovery efforts continue at the scene.

According to Arah, several victims are believed to still be trapped inside the vehicles involved in the collision, and emergency personnel are working tirelessly to retrieve any additional bodies.

Advertisement

Witnesses reported that the explosion was intense, causing a fire that spread quickly and engulfed both vehicles, making rescue operations more difficult.

The stretch of road where the incident occurred has been notorious for accidents due to its challenging conditions, and this latest tragedy underscores the need for improved road safety measures.

Officials from NSEMA are coordinating with other emergency response units to manage the aftermath of the accident and provide assistance to any survivors.

The explosion has not only claimed lives but also disrupted traffic on the busy route, causing major delays and a wave of sorrow across the region.

This accident highlights the critical need for improved road infrastructure and better regulation of heavy vehicles to prevent future tragedies.

Advertisement

As the rescue operation unfolds, the Niger State government is expected to issue further statements and updates on the incident.


 

Continue Reading

Trending