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Court Confirms Jurisdiction for Emefiele’s Fraud Case Over Billions of Dollars
The Lagos State Special Offences Court has rejected an application filed by Godwin Emefiele, the former governor of the Central Bank of Nigeria, challenging the court’s authority to handle the fraud charges brought against him.
The Economic and Financial Crimes Commission (EFCC) is accusing Emefiele and his co-defendant, Henry Omoile, of misappropriating $4.5 billion and N2.8 billion.
In his ruling, Justice Rahman Oshodi confirmed the court’s jurisdiction to proceed with the case.
However, he dismissed four out of the 26 charges due to a lack of jurisdiction.
Addressing the territorial jurisdiction issue raised in some counts, the judge stated, “The objection to the court’s territorial jurisdiction over counts eight to 26 is dismissed.
The prosecution has shown a sufficient link to Lagos in this matter.”
The case has been adjourned to February 24, 2025, for the continuation of trial.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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