The Special Investigator on the Central Bank of Nigeria (CBN) and Related Entities, Jim Obaze, found that former CBN Governor Godwin Emefiele illegally lodged billions of naira in 593 foreign bank accounts in the United States, United Kingdom, and China without proper authorization.
The report alleges that Emefiele invested Nigeria’s money without approval.
He is currently facing prosecution for N1.2 billion procurement fraud and may face additional charges related to the handling of the CBN naira redesign policy.
The investigation also revealed fraudulent use of N26.627 trillion in Ways and Means of the CBN and misuse of the COVID-19 intervention fund.
