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Federal Government To Arraign Emefiele, Allies On Thursday Over N6.9 Billion Procurement Fraud

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The Federal Government plans to charge suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele and his accomplices with N6.9 billion in procurement fraud.

According to our information, Emefiele will be charged in the Federal Capital Territory High Court in Maitama, Abuja, on Thursday.

Arrest and mention are to be made in the case.

Along with a female CBN employee named Sa’adatu Yaro and her business, April 1616 Investment Limited, Emefiele will be charged with 20 counts of procurement fraud, conspiracy, and giving his friends unfair advantages.

The troubled CBN governor had been detained ever after President Bola Tinubu had removed him from office on June 9.

He was charged with giving Yaro, a director of April 1616 Investment Ltd., corrupt benefits.

The offense is contrary to section 19 of the Corrupt Practices and Other Related Offences Act 2000.

If convicted, Emefiele may be sentenced to five years imprisonment without an option of a fine.

The section read, “Any public officer who uses his office or position to gratify or confer any corrupt or unfair advantage upon himself or any relation or associate of the public officer or any other public officer shall be guilty of an offense and shall on conviction be liable to imprisonment for five years without an option of fine.”

In the charges signed by the Director of Public Prosecutions, Federal Ministry of Justice, Mohammed Abubakar; Deputy Director, Public Prosecution, Mrs. N Jones-Nebo, and eight other ministry officials, the three accused persons were alleged to have bought a fleet of over 98 exotic vehicles and armored buses valued at about N6.9bn.

Some of the vehicles bought between 2018 and 2020 included 84 Toyota Hilux vehicles, 10 armored Mercedes Benz buses, three Toyota Landcruisers, and one Toyota Avalon car.

Count one read, “That you, Godwin Ifeanyi Emefiele, male, adult, sometime in 2018 within the jurisdiction of this honorable court did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff member of the Central Bank of Nigeria by awarding a contract for the supply of 37 (Nos.) Toyota Hilux Vehicles at the cost of N854,700,000 only to April 1616 Investment Ltd, a company in which she is a director, and thereby committed an offense.

“Statement of the offense: Conferring corrupt advantage contrary to section 19 of the Corrupt Practices and Other Related Offences Act 2000.”

Emefiele has been accused by the FG of conspiracy to confer corrupt advantage on the second defendant contrary to sections 26 (c) and 19 of the Corrupt Practices and Other Related Offences Act 2000 and punishable under Section 19 of the same Act.

The charge stated, “That you, Godwin Ifeanyi Emefiele, male, adult, Sa’adatu Ramallan Yaro, female, adult, and April 1616 Investment Ltd, sometime in 2019 within the jurisdiction of this Honourable Court did conspire amongst yourselves to use the office of Mr. Godwin Ifeanyi Emefiele as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 1 (No.) Toyota Landcruiser V8 at the cost of N73,800,000 only to April 1616 Investment Ltd.”

Emefiele was said to have also conferred a corrupt advantage on Yaro by awarding a contract for the supply of one Toyota Avalon at the cost of N99.9m to her company, April 1616 Investment Ltd., in 2019.

The suspended governor was also accused of awarding a contract for the supply of another Toyota Landcruiser V8 for N77.050m to the third defendant in 2018.

The ex-CBN governor was said to have conspired with Yaro to confer corrupt advantages on the CBN staffer by awarding to her a contract for the supply of two Toyota Hilux Shell specification vehicles at the cost of N44.2m sometime in 2020.

Emefiele was further alleged to have awarded another contract to Yaro and her firm for the purchase of one Toyota Landcruiser VXR valued at N96m in 2020.

Yaro was similarly accused of fraudulent acquisition of property for getting a contract from the CBN for the supply of 47 Toyota Hilux vehicles at the cost of N1,085,700,000 and thereby committed a punishable offense.

Count 10 read, “That you, Sa’adatu Rammala Yaro, female, adult, sometime in 2018 within the jurisdiction of this honorable court while being employed at the CBN knowingly held directly a private interest as a director in April 1616 Investment Ltd., in a contract awarded to the said company, for the supply of 47 Toyota Hilux vehicles at the cost of N1,085, 700,000 and thereby committed an offense.”

Count 11, “That you, Sa’adatu Rammala Yaro, female, adult, sometime in 2018 within the jurisdiction of this honorable court while being employed at the CBN knowingly held directly a private interest as a director in April 1616 Investment Ltd., in a contract awarded to the said company, emanating from the CBN where you are employed, for the supply of 10 Mercedes Benz armored buses at the cost of N2,222, 500,00 and thereby committed an offense.”

Witnesses Against Emefiele

Listed as witnesses against the defendants were the CBN Director of Procurement, Stanley Alvan; CBN Head of Procurement, Mike Agboro, Tahir Jafar, David Usman, and “any other witnesses to be supplied later in the additional proof of evidence.”

BIG STORY

UK Grants Duty-free Access To 3,000 Nigerian Products Under New Trade Scheme

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The United Kingdom has revealed that more than 3,000 Nigerian products, such as cocoa and cashew, are now eligible to enter the UK market either duty-free or at reduced tariffs. The Country Director for the UK Department for Business and Trade, Mark Smithson, announced this development as part of the UK’s Developing Countries Trading Scheme (DCTS) in a recent video released by the UK in Nigeria.

“Up to 3,000 products from Nigeria qualify for low tariff or no tariff access to the UK through the Developing Countries Scheme, one of the most generous trading schemes in the world,” Smithson stated.

He added that the UK has streamlined the process for Nigerian exporters, making it simpler to trade a wide range of goods, including cocoa and textiles.

Smithson urged Nigerian exporters to take advantage of this opportunity.

“The UK is open and looking to do business with Nigeria. So why don’t you go to the website and find out more about the Developing Countries Trading Scheme and begin to trade with us?”

The DCTS, launched in 2023, replaced the UK’s former Generalised Scheme of Preferences. It aims to lower tariffs and simplify trading regulations for over 60 developing countries, Nigeria included.

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BIG STORY

Abosede Tomori Foundation (ATF) Launches In Lagos With Health Outreach, MSME Cash Grants [PHOTOS]

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The Abosede Tomori Foundation (ATF) made a debut in Lagos on Saturday with its flagship health outreach programme and cash grants for the unemployed, small, and micro businesses.

Speaking during the launching of the foundation in Ejigbo, Oshodi-Isolo constituency II, its Chairman and Special Assistant to the Minister of Solid Minerals Development on Media, Segun Tomori revealed that ATF was conceptualized to immortalize his late mother, Abosede Adebisi Tomori, and honour her legacy of generosity by providing succor to the less privileged and lifting the downtrodden.

“I lost her when I was still finding my feet, when I couldn’t repay her unparalleled kindness and love, when I couldn’t give her the life she deserves. So, I made a solemn vow to do what I could to ensure that her name never fades. To ensure it is etched in our hearts, in the hearts of the downtrodden, not only in this constituency, but across the length and breadth of the country, “Tomori asserted

According to him, “Our mission at ATF is to honour her legacy of generosity by transforming lives and building communities for the emancipation of the less privileged. It is our vision to shape communities, where dignity of lives matter, ensuring support, not struggle, defines the human experience.”

The intervention areas of the foundation is encapsulated in five thematic areas including health outreach to the less privileged; Skill development & scholarship targeting disadvantaged Youth; Schools Intervention Programme (SIP) to assist indigent children access basic education; Food packs support for disadvantaged families and cash grants to boost Micro Small and Medium Scale Enterprises (MSMEs).

The foundation kickstarted its interventions with a health outreach programme that provided free medical care for about 250 residents of Oshodi-Isolo constituency II comprising Ejigbo and Isolo LCDAs while owners of 50 micro and small businesses received cash grants of N50,000 each. Additionally, over 130 bags of 5kg rice were distributed to indigent beneficiaries.

” This is only the beginning – we intend to scale up these interventions and extend it beyond this constituency to other parts of Lagos state and across the length and breadth of the country,” Tomori added

Delivering the keynote address, chairman of the occasion, and Minister of Solid Minerals Development, Dr. Dele Alake, ably represented by his Special Adviser, Hon. Kehinde Bamigbetan applauded Tomori on the laudable initiative, noting his unwavering dedication as a public servant and expressing confidence that the same passion would drive the success of the foundation.

Describing the intervention areas of the foundation as brilliant, compassionate and timely, the minister urged Nigerians to emulate Tomori by finding ways to support people in their communities, stressing that such grassroots interventions complement government efforts as encapsulated in the Renewed Hope Agenda of President Bola Tinubu.

In his goodwill message, Director-General of the Federal Radio Corporation of Nigeria (FRCN), Dr. Muhammed Bulama lauded Tomori for launching the foundation at a young age, describing him as a “rare breed with great potential.”

He emphasised that the initiative aligns with FRCN’s motto of “Uplifting the people and Uniting the Nation”, assuring the foundation of the unalloyed support of the corporation to ensure it impacts more communities across the country.

Dignitaries that graced the occasion include Minister of Solid Minerals Development represented by Special Adviser, Kehinde Bamigbetan; Director-General, Federal Radio Corporation of Nigeria (FRCN), Dr. Muhammed Bulama; Representative of DG of National Orientation Agency (NOA) and Lagos State Director of the agency, Mustafa Adedeji Tukur; representive of the Executive Secretary of Solid Minerals Development Fund (SMDF), Bola Atanda; Deputy Managing Director of Rapidlink Resources, Samson Enema, political and community leaders of Ejigbo and Isolo LCDAs, market association leaders amongst others.

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BIG STORY

As WAFCON Kicks Off Today, The Falcons Of Nigeria Will Win Their 10th Title — By Seun Oloketuyi

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The energy in Morocco is electric. From the bustling streets of Rabat to the buzzing stadium corridors in Casablanca, a continental celebration of football has begun. The 2024 Women’s Africa Cup of Nations, delayed until 2025, kicks off today — and as the anthem rings out to open the tournament, one team walks into the spotlight with more than just ambition. The Super Falcons of Nigeria are here to reclaim what they’ve long considered theirs: the WAFCON crown.

Nine-time champions, decorated with decades of dominance, Nigeria’s women’s team has been the pride of African football. But this time, there’s something different. It’s not just about titles or rankings. It’s about redemption. Two years ago, the Falcons fell short, narrowly edged out of the final by host nation Morocco and forced to watch South Africa take the throne. That sting hasn’t faded — it’s fuel.

The players know what’s at stake. Asisat Oshoala, now playing for Bay FC in the U.S. after an illustrious run with Barcelona, returns with fire in her eyes and form in her boots. Alongside her, a younger generation is rising — bold, unshaken, hungry. In training, the tempo has been sharp. In their voices, confidence. In their hearts, belief,She is expected to inspire the younger generation lead by the team Captain Rasheedat and the new blood of Alozie,Ashley,Esther and Toni Payne plus Ayinde a lot is expected.

Now led by new head coach Justine Madugu, following the departure of Randy Waldrum, the Falcons are embracing a refreshed style of play — blending tactical discipline with expressive, fearless attacking football. Madugu has not only brought structure but also instilled belief, trust, and a renewed fighting spirit,Many including me are still stunned Monday Gift is not in this team but yet we are behind them.

The road won’t be easy. Morocco is loud and proud on home soil. South Africa still glows from their 2022 triumph. Zambia arrives with momentum. But even in the shadows of rising stars, Nigeria still stands tallest. When the Super Falcons walk out tomorrow against Tunisia for their opening match, they’ll carry more than just jerseys on their backs. They’ll carry history. Legacy. And expectation.

This is a team that has shaped the narrative of African women’s football for decades. Their dominance isn’t luck. It’s culture. Discipline. Passion. Every touch of the ball, every sprint, every tackle will be driven by the memory of past glories — and the desire to write a new chapter.

As the tournament kicks off today, the message from Nigeria is clear: the Falcons are flying again. Not with arrogance, but with assurance. And by the time the final whistle blows in Rabat on July 26, they believe they’ll be right where they belong — lifting the trophy for a record 10th time.

Africa is watching. Nigeria is ready.

I Totally believe Falcons will come home with the 10th Wafcon

  • Seun Oloketuyi the producer of Flying with the Falcons

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