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Zenith Bank Manager Testifies in Emefiele Trial Over Alleged Financial Transactions

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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.


 

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“Avoid Night Traveling Because of Its Dangers” – NYSC DG Cautions Corps Members

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The Director-General of the National Youth Service Corps (NYSC), Brigadier General Yusha’u Dogara Ahmed, has once again urged corps members to prioritize their safety while serving the nation.

He issued a strong warning against taking risks when traveling, particularly by boarding vehicles from random roadside spots.

During his visit to the Anambra State Orientation Camp in Mbaukwu and the Ebonyi State Orientation Camp in Afikpo on Friday, Brigadier General Ahmed emphasized the importance of caution and vigilance.

He advised corps members to avoid traveling at night due to the heightened dangers associated with it, such as road accidents, crime, and other unforeseen risks.

Instead, he encouraged them to always board vehicles from designated motor parks, where transportation is more organized and secure.

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“Traveling at night poses serious risks,” he cautioned.

“For your safety, always use approved motor parks and avoid boarding vehicles by the roadside.”

Brigadier General Ahmed also underscored the importance of integrating into the host communities where corps members are posted.

He encouraged them to learn about the culture, traditions, and values of these communities.

By doing so, they can build trust and foster mutual understanding with local residents.

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He urged corps members to initiate community development projects that address the needs of their host communities and leave a lasting, positive impact.

The NYSC, established in 1973, plays a critical role in promoting national unity and development.

The service year is designed to give Nigerian graduates the opportunity to contribute to societal growth while developing essential life and leadership skills.

In line with this mission, Brigadier General Ahmed reminded corps members of the potential for meaningful relationships during their service year.

He encouraged them to form genuine friendships and professional connections that could benefit them long after the service year concludes.

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“Your service year is not just about fulfilling a requirement; it’s an opportunity to plan for your future,” he added.

“The bonds you form and the lessons you learn now can shape your life in significant ways.”


 

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“Tinubu’s Reforms Will Benefit Nigeria” – Umahi Says And Calls Critics Enemies of Progress

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The Minister of Works, Engr. David Umahi, has criticized those opposing President Bola Tinubu’s ongoing reforms, labeling such criticism as driven by envy and a lack of national interest.

He asserted that detractors should be seen as enemies of Nigeria, while being confident that these reforms would soon transform the economy for the better.

Speaking on Friday during an investigative public hearing conducted by the Senate Committee on Works in Abuja, Umahi emphasized that President Tinubu’s economic agenda was well understood by key leaders across various sectors.

He assured Nigerians that these leaders are actively working towards realizing the president’s vision.

Addressing concerns surrounding the Lagos-Calabar coastal highway project, Umahi described the backlash as fueled by jealousy and misinformation.

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He pointed out that President Tinubu has been committed to improving Nigeria’s infrastructure for over two decades, tracing his vision back to his tenure as Governor of Lagos State.

Now, with the mandate to lead the country, Umahi said Tinubu is determined to implement long-held plans for national development.

“Mr. President has dreamed of a better Nigeria for 25 years.

God has now given him the chance to make this dream a reality, and he is fully committed to delivering,” Umahi stated.

Umahi praised Tinubu’s efforts to revamp the nation, noting that the president’s swift actions since taking office have surprised many skeptics.

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He urged Nigerians to give the reforms time to bear fruit, arguing that these initiatives will eventually benefit everyone.

In response to the controversy over the Lagos-Calabar coastal road, Umahi explained that the project’s design had to be adjusted due to an undersea communication cable located 16 kilometers into the project.

The road was redirected to protect this critical infrastructure, with the route reconnected at the 26-kilometer mark.

He pointed out that this change was necessary to avoid past mistakes and ensure the project’s smooth completion.

He concluded by urging critics to move past suspicion and appreciate the broader vision behind the reforms.

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“When people stop being distrustful and truly understand the coastal road project, they’ll see how vital it is for national growth,” he said.


 

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Nigerian Aviation Legal Expert Chinasa Unaegbunam Appointed to HCAA Advisory Board

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The Hague Court of Arbitration for Aviation (HCAA) has named Chinasa Unaegbunam, Senior Advocate of Nigeria (SAN), to its prestigious advisory board, marking a significant milestone in international aviation arbitration.

The appointment, announced on Friday, December 6, by Tunde Moshood, spokesperson for Nigeria’s Minister of Aviation, Festus Keyamo, highlights Unaegbunam’s exceptional expertise in aviation law.

Moshood described the recognition as both a personal achievement and a testament to Nigeria’s growing influence in global aviation arbitration.

With a diverse 40-member advisory board, the HCAA includes international experts such as Claire McDermott, Mary Walker, and Wade Thomson. The board’s mission is to champion arbitration and mediation as effective methods for resolving disputes within the complex aviation sector.

Unaegbunam’s appointment places her as Nigeria’s second aviation-focused Senior Advocate of Nigeria (SAN) to join the board, further solidifying her legacy in the field. She is set to contribute strategic advice to enhance global dispute resolution mechanisms tailored for aviation.

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Her recognition aligns with Nigeria’s broader commitment to advancing excellence in aviation a sector critical to national and global economic development.


 

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