Connect with us

News

EFCC grills Emefiele over alleged $15b foreign debts, new currency

Published

on

Spread the love

 


 

The Economic and Financial Crimes Commission (EFCC) yesterday began a full-scale probe of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, with alleged $15 billion foreign debts topping the investigation.

Emefiele will also account for how the apex bank spent N74.84 billion to produce and roll out currencies, including new naira notes.

The allegations are in addition to alleged fraud uncovered by the Special Investigator, Jim Obazee, who is looking into the activities of the CBN.

Obazee, whose committee is collaborating with the Federal Bureau of Investigation of the Nigeria Police, has also submitted an interim report on the CBN to President Bola Ahmed Tinubu.

It was learnt yesterday that the ex-CBN governor was transferred from the Department of State Services (DSS) to the EFCC because the fresh investigation is not covered by the mandate of the security agency.

The DSS does not have the core competence to investigate the weighty allegations of financial crimes against Emefiele, a highly placed source said yesterday.

There were fears that if the DSS continues with the investigation, the ex-CBN governor might win in court on technical grounds.

The source said only the EFCC can put Emefiele on trial, not the DSS, based on the findings made so far.

Emefiele was transferred (technically released) to EFCC on Thursday afternoon to allow for in-depth investigation and trial.

The swap was kept under wraps in order to avoid what the source described as a “distraction.”

Having appraised the allegations against Emefiele and the interim report on the ongoing probe of the CBN, the Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi (SAN) sent an advisory to the President that the EFCC is the right agency to probe Emefiele, it was learnt.

“As a man of due process, the President approved the advisory of the AGF. It was on this basis that the DSS handed over Emefiele to the EFCC on Thursday,” The Nation learnt yesterday.

About two to three weeks ago, the Special Investigator on CBN activities, Jim Obazee, submitted an interim report to the President with a lot of findings requiring in-depth investigation. This was another reason the AGF was very strong in his opinion that the EFCC should manage the ongoing probe.

“The truth is that such an investigation is not within the mandate of the DSS. Or else, if Emefiele is put on trial by the DSS, he will win on technical grounds,” the highly placed source said.

At press time, it was confirmed that a panel of EFCC operatives had started grilling Emefiele on the allegations against him, including the following:

•Alleged foreign debts of $15 billion

•Spending of N74. 84 billion on Naira redesign, production and roll out of currencies

•Alleged fraud in Anchor Borrowers Scheme

•Suspicious audit of CBN accounts

•Acquisition of bank, Fintech licences by some top officials of CBN

•Award of suspicious billions of Naira contracts

Another source in EFCC added: “Emefiele is in our custody and he is already responding to issues or allegations raised for him from a team under the supervision of the Director of Operation, Abdulkarim Chukkol.

“As a commission, we won’t talk on his case in order not to compromise ongoing investigation.”

The Head of Media and Publicity of EFCC, Mr. Dele Oyewale, was yet to pick his call at press time.

News

2027: Ireti Kingibe Emerges ADC FCT Senate Candidate

Published

on

Spread the love

 

The African Democratic Congress, ADC, has announced Senator Ireti Heebah Kingibe as the party’s flag bearer for the Federal Capital Territory senatorial election ahead of the 2027 general polls.

 

Kingibe secured a landslide victory in the party’s primary election, polling 17,535 votes to defeat her sole challenger, Mubarak Tijjani, who garnered 806 votes.

Declaring the results at the ADC secretariat in Abuja, the chairman and returning officer for the senatorial and House of Representatives primaries, Abubakar Adamu, confirmed Kingibe as the winner of the exercise.

The primary election also produced candidates for the two House of Representatives seats in the FCT.

In the AMAC/Bwari Federal Constituency, Bala Iyah emerged victorious with 4,937 votes, defeating Yahaya Fatima Goya, who polled 2,015 votes, while Ma’aji Johnson Bello secured 1,546 votes. Ismaila Ishak Ozigi received 105 votes.

For the Abaji/Gwagwalada/Kwali/Kuje Federal Constituency, Alhassan Salihu clinched the party’s ticket with 9,016 votes, defeating Khalid A. Haruna, who polled 2,955 votes.

Officials of the Independent National Electoral Commission monitored the conduct of the primaries.

Continue Reading

News

Jonathan Can’t Stop President Tinubu’s Victory In 2027- Gov Namadi

Published

on

Spread the love

Governor Umar Namadi of Jigawa State has expressed confidence that President Bola Ahmed Tinubu will secure victory in the 2027 presidential election, stating that no opposition candidate, including former President Goodluck Jonathan, can prevent the ruling All Progressives Congress (APC) from retaining power.

 

Namadi made the remarks after casting his vote during the APC presidential primary election held at his polling unit in Kafin Hausa Local Government Area of Jigawa State.

The governor reiterated his commitment to delivering more than one million votes for President Bola Ahmed Tinubu in the next general election, saying the target was realistic given the widespread support the APC enjoys across Jigawa State.

He noted that the large turnout witnessed during the primary election demonstrated the confidence party members and residents have in both President Tinubu and the APC-led administration.

According to Namadi, the peaceful and transparent conduct of the exercise also reflected the President’s respect for democratic values and internal party democracy.

The governor further stated that the outcome of the APC primary election signalled what to expect in the 2027 polls, predicting an overwhelming victory for the ruling party nationwide.

Namadi described Jigawa as one of the APC’s strongest support bases, pointing out that the state ranks among those with the highest number of registered voters in the country.

Continue Reading

News

NDLEA Nab Chinese woman with drug shipment at Lagos airport

Published

on

Spread the love

 

The National Drug Law Enforcement Agency has arrested a 63-year-old Chinese woman for allegedly attempting to smuggle a large consignment of Canadian Loud, a synthetic strain of cannabis, into Nigeria.

 

The suspect, described as Ting Hung Kiong who naturalised in Malaysia, was arrested on Sunday, May 17, 2026, upon arrival at the Murtala Muhammed International Airport, Lagos, from Thailand via Dubai on an Emirates Airline flight.

This was contained in a statement made available to the column.ng  on  (today) Sunday by NDLEA spokesperson, Femi Babafemi.

According to the agency, NDLEA operatives attached to the Terminal 2 Arrival Hall intercepted her after she was found to have two large travel boxes containing 31.0 kilograms of the illicit substance.

“During an interview, the 63-year-old suspect who claims she works as a caregiver in Malaysia stated that her daughter sponsored her trip from Malaysia to Thailand and subsequently to Nigeria.

“She further disclosed that she spent two weeks in Thailand, before she was handed the illicit consignment at the Thailand airport to deliver in Nigeria,” the statement read.

 

 

Meanwhile, the NDLEA also announced the interception of another major drug shipment at the Lagos airport import shed.

 

“Following close monitoring of the consignment by NDLEA operatives since its arrival from India aboard an Emirates Cargo flight, the 29 large cartons containing One Million, Eight Hundred and Twenty-Five Thousand, Seven Hundred and Ten (1,825,710) tablets of Tapentadol 250mg, worth Two Billion, One Hundred and Ninety Million, Eight Hundred and Fifty-Two Thousand Naira (N2,190,852,000) were eventually handed over to the NDLEA by the Customs Service on Friday 22nd May 2026,” it said.

 

In another operation at the Akanu Ibiam International Airport, Enugu, NDLEA operatives on May 20 arrested a suspect, Onyeka Valentine Emeka, during inward clearance of passengers on an Ethiopian Airlines flight from Sierra Leone via Addis Ababa.

The suspect, according to the agency, excreted 185.36 grams of cocaine while under observation.

Babafemi added that “at the Nnamdi Azikiwe International Airport, Abuja, a 29-year-old building engineer, Babatunde Prosper Afekhide was on Wednesday 21st May arrested by NDLEA operatives while attempting to board an Ethiopian Airlines flight from Abuja via Addis Ababa to Milan Malpensa, Italy.

 

“A search conducted on his luggage led to the recovery of 10,280 pills of Tramaking 225mg; Tramadol 200mg and Tapentadol 250mg. The opioids were concealed using foil paper and hidden inside a carton, in a suitcase, obviously to evade detection.

“In yet another operation at a courier company in Lagos, NDLEA operatives intercepted 1,174 pills of MDMA (Ecstasy) concealed in bicycle luggage carrier heading to Netherlands; 66 pills of tramadol 225mg hidden in soap container going to the United States and 18 tablets of tramadol 225mg concealed in body cream container heading to the United Kingdom,” the agency said.

In Edo State, operatives acting on intelligence raided Igwe community in Owan East Local Government Area, where 59 jumbo bags of skunk weighing 489kg and 9kg of cannabis seeds were recovered.

The agency also said a 30-year-old suspect, Isah Sani, was arrested with 196,000 pills of Exol-5 along the Zaria–Kano road in Kano State on May 20, while operatives at the Seme border in Badagry, Lagos, recovered 59kg of skunk from a warehouse in Mowo on May 19.

In Ekiti State, NDLEA operatives on May 23 raided a warehouse in Ikole-Ekiti and recovered 1,116 kilograms of skunk, arresting a 54-year-old suspect, Ogundana Adebayo Julius, in connection with the seizure.

The agency also disclosed continued nationwide War Against Drug Abuse (WADA) sensitisation activities in schools, worship centres and communities across several states.

Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (Rtd), commended officers involved in the operations and charged them to sustain the agency’s drug supply reduction and sensitisation efforts.

 

Continue Reading

Trending

Copyright © 2026 TheColumn NG