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EFCC witnesses exonerate Emefiele from alleged N1.2 bn contract award, fraudulent payment
EFCC witnesses exonerate Emefiele from alleged N1.2 bn contract award, fraudulent payment
A former Governor of the Central Bank of Nigeria CBN, Godwin Ifeanyi Emefiele has been exonerated in the Award of N1.2bn vehicle supply contracts by CBN under him.
He was exonerated by three EFCC witnesses as his trial commenced at the High Court of the Federal Capital Territory (FCT) in Abuja on Tuesday.
Emefiele was put on trial by the Federal Government through the Economic and Financial Crimes Commission EFCC on six counts bordering on alleged breach of procurement procedure in the award of the contract to April1616 Investment Limited.
At the opening of the trial, the first prosecution witness admitted that Emefiele was not the owner or shareholder of April1616 Investment Limited which was awarded the N1.2bn vehicle supply contract by CBN under Emefiele.
The witness, Samsideen Romanus, a top official of the Corporate Affairs Commission (CAC) gave evidence on how the company was incorporated on August 1, 2016, and tendered several documents on how the company was floated.
He read out before the Court, the names of shareholders of the company which comprised Aminu Idris Yaro, Maryam Aliyu Abdullahi and Saadatu Ramalan Yaro as joint owners of the entity.
Romanus who was led in evidence by EFCC lawyer, Rotimi Oyedepo SAN while tendering several documents on how the company was incorporated on August 1, 2016, said Emefiele’s name was not in any way connected with the company.
The witness explained that although CAC was responsible for the incorporation of the company, it, however, has no role in the day-to-day running of affairs of the entity.
The second witness, Remigious Ugwu, a Compliance Officer with Zenith Bank told the court how various sums of money in millions of naira were paid by the CBN into the April1616 Investment Limited.
Specifically, he told Justice Hamza Missing how, on October 19, 2020, a sum of N39, 060, 465, another N421, 953, 488 on November 6, 2020, and the third one N304, 883, 720 was paid on November 23, 2020, to the same company by CBN.
Similarly, he said that N304,883,720 was paid on January 1, 2021, and another N304, 883, 720 paid to the same company on March 23, 2021, by the Central Bank of Nigeria.
He admitted that none of the payments had any links to Emefiele’s name while also clarifying that he did not know the purpose of the payments.
The witness who tendered various documents on behalf of the bank said the former CBN governor was not a signatory to the bank account of the company.
The third witness, Oluwole Owoeye, a Deputy Director, Banking Services with CBN and former Secretary to the Major Contract Tendering Committee, MCTC of the CBN, said his body was responsible for ensuring compliance with the Procurement Act in the award of contracts.
Owoeye, however, informed the court that his committee was not involved in the vetting of bidding for the award of contracts that led to the prosecution of Emefiele.
The witness explained that another committee handled the bidding because it was above the thresholds of his own committee
” My Lord, all I know through our records is that contracts for the award of vehicle supplies were awarded to April1616 but I cannot say whether the contracts were executed or paid for because my Committee played no role”
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He admitted that the MCTC and Procurement Department were fully functional while Emefiele held sway as CBN governor.
Meanwhile, further trial has been adjourned till January 18 and 19 next year.
The former CBN Chief was accused of conferring corrupt advantages on a staff of CBN, Mrs Saadat Ramallan Yaro through awards of vehicle supply contracts worth over N1.2 bn contrary to section 19 of the Corrupt Practices and Other Related Offences Act 2000.
He had denied the six-count criminal charges.
The charges are ” That you Godwin Ifeanyi Emefiele, sometime in 2018 within the jurisdiction of this Court, did use your position as Governor of the Central Bank of Nigeria (CBN), to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supplying of 37 Toyota Hilux Vehicles at the cost of N854, 700, 000 to April1616 Investment Ltd, a company in which the said Saadatu Ramallan Yaro is a Director and thereby committed an offence.
“That you Godwin Ifeanyi Emefiele, sometime in 2019 within the jurisdiction of this Court, did use your position as Governor of the Central Bank of Nigeria CBN, 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 One Toyota Avalon at the cost of N99, 900, 000 to April1616 Investment Ltd, a company in which the said Saadatu Ramallan Yaro is a Director and thereby committed an offence.
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“That you Godwin Ifeanyi Emefiele, sometime in 2019 within the jurisdiction of this Court, did use your position as Governor of the Central Bank of Nigeria CBN, 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 One Toyota Land cruiser V8 at the cost of N73, 800, 000 to April1616 Investment Ltd, a company in which the said Saadatu Ramallan Yaro is a Director and thereby committed an offence.
“That you Godwin Ifeanyi Emefiele, sometime in 2020 within the jurisdiction of this Court, did use your position as Governor of the Central Bank of Nigeria CBN, 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 Two Toyota Hilux Shell Specification Vehicles at the cost of N44, 200, 000 to April1616 Investment Ltd, a company in which the said Saadatu Ramallan Yaro is a Director and thereby committed an offence.
“That you Godwin Ifeanyi Emefiele, sometime in 2020 within the jurisdiction of this Court, did use your position as Governor of the Central Bank of Nigeria CBN, 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 One Toyota Land cruiser VXR V8 Contract No: POO26821 at the cost of N69, 000, 000 to April1616 Investment Ltd, a company in which the said Saadatu Ramallan Yaro is a Director and thereby committed an offence.
“That you Godwin Ifeanyi Emefiele, sometime in 2020 within the jurisdiction of this Court, did use your position as Governor of the Central Bank of Nigeria CBN, 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 One Toyota Land cruiser VXR V8 at the cost of N69, 000, 000 Contract No: POO26822 to April1616 Investment Ltd, a company in which the said Saadatu Ramallan Yaro is a Director and thereby committed an offence”.
EFCC witnesses exonerate Emefiele from alleged N1.2 bn contract award, fraudulent payment
News
BREAKING: Tinubu Assents to 2026 Electoral Act, Sets Stage for 2027 Elections
BREAKING: Tinubu Assents to 2026 Electoral Act, Sets Stage for 2027 Elections
President Bola Ahmed Tinubu has signed the 2026 Electoral Act Amendment into law, setting the legal framework for Nigeria’s 2027 general elections.
The signing ceremony took place on Wednesday at the Presidential Villa in Abuja, with Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas in attendance.
The new law, formally known as the 2026 Electoral Act (Amendment) Bill, was recently harmonised and passed by both chambers of the National Assembly amid debate and opposition from minority lawmakers.
The legislative process leading to the signing saw intense deliberations in both the Senate and the House of Representatives. Lawmakers constituted a joint conference committee to reconcile differences between their respective versions of the bill before transmitting the harmonised document to the President for assent. Earlier, Senate President Akpabio had indicated during an emergency plenary session that the President was expected to sign the amended bill before the end of February. That projection materialised within days.
One of the most significant changes introduced by the 2026 Electoral Act is the reduction of the mandatory notice period for general elections from 360 days to 300 days. Lawmakers explained that the adjustment is intended to give the Independent National Electoral Commission (INEC) greater operational flexibility in planning and conducting elections without breaching statutory timelines.
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The issue of electronic transmission of election results generated considerable debate throughout the amendment process. Under the new law, electronic transmission is permitted, while manual collation remains legally recognised, particularly in areas where technical or connectivity challenges arise. INEC retains the authority to issue detailed regulations and guidelines governing how results are transmitted and managed. Supporters argue the compromise reflects operational realities, while critics maintain that the changes may weaken transparency safeguards introduced in previous reforms.
Beyond these headline issues, the amended Act also makes adjustments to party primary timelines, candidate nomination processes, and collation procedures. It includes technical corrections across multiple clauses to improve clarity, reduce ambiguities, and strengthen administrative consistency ahead of the 2027 polls.
With presidential assent now secured, the 2026 Electoral Act becomes the binding legal framework governing presidential, National Assembly, governorship, and state House of Assembly elections. INEC is expected to review and align its regulations and operational guidelines with the new provisions as preparations intensify for the 2027 general elections.
The signing marks a pivotal moment in Nigeria’s democratic process, with political parties, civil society groups, and voters closely watching how the revised electoral framework will shape the next election cycle.
BREAKING: Tinubu Assents to 2026 Electoral Act, Sets Stage for 2027 Elections
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Korope Drivers Shut Down Lekki–Epe Expressway Over Lagos Ban (Video)
Korope Drivers Shut Down Lekki–Epe Expressway Over Lagos Ban (Video)
LAGOS, Nigeria — Tension erupted on Tuesday along the Lekki–Epe Expressway as commercial mini-bus operators, popularly called korope drivers, staged a protest against a state-imposed ban on their operations along the corridor. The demonstration, which occurred during peak hours around the Ajah axis, caused vehicular movement to nearly grind to a halt, leaving hundreds of commuters stranded and triggering heavy traffic gridlock across adjoining routes. Eyewitnesses reported that drivers parked their buses across the carriageway, chanting and demanding the immediate reversal of the restriction.
Security operatives were deployed to restore order, and traffic flow gradually resumed after several hours of disruption.
Some of the protesting drivers said the ban threatens their primary source of income, as the Lekki–Epe corridor has historically been one of the most profitable routes for informal transport operators. “We have families to feed. You cannot just wake up and push us off the road without providing an alternative,” one driver told reporters. The operators called on the government to reconsider the policy or integrate them into the new transport structure rather than exclude them entirely.
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The Lagos State Government, however, defended the restriction, describing the protest as unlawful and disruptive to public order. Authorities explained that the Lekki–Epe Expressway has been designated as a Mass Transit and Regulated Transport Corridor under the state’s Bus Reform Initiative, aimed at modernizing public transport, improving safety, and reducing traffic chaos caused by unregulated operations.
According to Sola Giwa, Special Adviser to the Governor on Transportation, consultations were held with transport stakeholders before enforcement, and the transition was not sudden. Small vehicles such as korope buses are now expected to operate on feeder and community routes under the state’s First and Last Mile transport strategy, while high- and medium-capacity buses serve the main corridor.
The ongoing transport reform seeks to replace informal minibuses on major highways with structured, regulated services featuring larger buses and digital ticketing systems. Government officials argue that this will enhance commuter safety, improve traffic flow, and boost economic productivity along one of Lagos’ fastest-growing corridors.
Critics, however, note that informal transport remains a backbone of daily commuting for thousands of residents. Abrupt enforcement without adequate absorption of displaced drivers could exacerbate economic hardship for affected operators.
Many commuters expressed frustration over the disruption caused by the protest but also sympathized with the drivers. “It’s difficult for us because we rely on these buses every day,” said a commuter stranded at Ajah. “The government and the drivers need to find a middle ground.”
As of press time, authorities had restored calm, but the incident underscores the growing tensions between informal transport operators and the Lagos State Government’s efforts to formalize the transport system.
Korope Drivers Shut Down Lekki–Epe Expressway Over Lagos Ban
AG Baby | South East | Fashola |Tacha | Mirable | Alex Otti | Falz | Ikorodu Celine Dion pic.twitter.com/XYoVqWkVJq
— Newstrends.Ng (@Newstrends_ng) February 18, 2026
Korope Drivers Shut Down Lekki–Epe Expressway Over Lagos Ban (Video)
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Tinubu Urges Senate to Confirm Yusuf for NAHCON, Marafa for INEC
Tinubu Urges Senate to Confirm Yusuf for NAHCON, Marafa for INEC
President Bola Ahmed Tinubu has called on the Nigerian Senate to swiftly confirm the nominations of Ambassador Ismail Abba Yusuf as Chairman of the National Hajj Commission of Nigeria (NAHCON) and Rear Admiral Jemila Abubakar Marafa (retd.) as a National Commissioner of the Independent National Electoral Commission (INEC). The move underscores the administration’s focus on strengthening leadership in key federal institutions ahead of critical national events.
In a letter to Senate President Godswill Akpabio, Tinubu stressed the urgency of filling the leadership gap at NAHCON, following the resignation of the previous chairperson. Ambassador Yusuf, a seasoned diplomat and former Nigerian envoy to Türkiye, brings significant international experience and administrative expertise, making him well-positioned to lead the commission in managing future Hajj operations efficiently.
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For INEC, the nomination of Rear Admiral Marafa (retd.) is aimed at reinforcing the commission’s leadership ahead of the 2027 general elections. Representing Adamawa State, Marafa’s confirmation would bolster electoral governance, ensuring transparency, credibility, and smooth conduct of national elections.
Both nominations were formally read during Senate plenary and referred to the relevant committees — the Committee on Foreign Affairs for NAHCON and the Committee on Electoral Matters for INEC — with directives for expedited review and reporting within one week.
The President emphasized that having qualified and experienced leadership in statutory bodies like NAHCON and INEC is essential for national stability, and Senate confirmation will enable the nominees to assume office with full legal authority and mandate.
Tinubu Urges Senate to Confirm Yusuf for NAHCON, Marafa for INEC
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