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Emefiele Granted Study Leave Amid Corruption Allegations

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Emefiele Granted Study Leave Amid Corruption Allegations

President Muhammadu Buhari has reportedly granted Central Bank of Nigeria (CBN) Governor Godwin Emefiele study leave, allowing him to flee the country before the inauguration of President-elect Bola Tinubu on May 29, 2023.

ENIGERIA reports that Emefiele has been under fire for months over allegations of corruption and terrorism financing. In April, the Department of State Services (DSS) raided his Abuja home in a failed attempt to arrest him.

The DSS had accused Emefiele of using his position to enrich himself and his family, and of diverting funds from the CBN to finance terrorism. Emefiele has denied the allegations.

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The granting of study leave to Emefiele is seen as a way for him to avoid arrest and prosecution. It is also seen as a sign of Buhari’s support for Emefiele, despite the allegations against him.

Tinubu has vowed to crack down on corruption and terrorism if he is elected president. It is unclear whether he will be able to bring Emefiele to justice if he is able to flee the country.

The allegations against Emefiele are serious and have the potential to damage Nigeria’s reputation. It is important that the allegations are investigated thoroughly and that those responsible are brought to justice, regardless of their political affiliation.

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Meanwhile, the secret police said their preliminary investigation revealed various acts of terrorism financing, fraudulent activities perpetrated by Emefiele and his involvement in economic crimes of national security dimension including mismanaging the CBN subsidiary, NISRAL, and the central bank’s Anchor Borrowers Programme.

The secret police also accused Emefiele of “fraud, money laundering, round tripping and conferment of financial benefit to self and others.”

The agency sought a court warrant to arrest the CBN governor but Chief Judge of the Federal High Court, Justice John Tsoho, refused to grant the application, citing an irregularity in the procedure adopted by the DSS in its application.

In court documents, the DSS in its application filed as an ex parte motion, sought court permission to detain Emefiele for 60 days to conclude an ongoing investigation into his alleged crimes.

The application was reportedly supported by an affidavit deposed to by a DSS official, Umar Salihu, who summarised the details of the investigations into the weighty crimes Emefiele allegedly committed.

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The documents revealed that Emefiele had been funding “unknown gunmen” terrorising Southeast Nigeria.

The DSS also said it needed to arrest Emefiele in order to protect national security. It said the activities of the “unknown gunmen” were a threat to national security and that Emefiele’s alleged funding of the group was a matter of national concern.

Justice Tsoho has yet to rule on the DSS’s application.

The allegations against Emefiele are serious and have the potential to damage Nigeria’s reputation. It is important that the allegations are investigated thoroughly and that those responsible are brought to justice, regardless of their political affiliation.

 

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ENIGERIA NEWSPAPER 

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