News
How Emefiele impersonated SGF to Collect $6.2M from CBN – EFCC
How Emefiele impersonated SGF to Collect $6.2M from CBN – EFCC
The criminal charges filed against the former Governor of the Central Bank of Nigeria, Godwin Emefiele, have been amended for the third time by the Federal Government.
In the latest amended charge presented before Justice Hamza Muazu of the Federal Capital Territory High Court in Abuja on Thursday, the Economic and Financial Crimes Commission accused Emefiele of obtaining a sum of $6.2m through impersonating the Secretary to the Government of the Federation.
According to the amended charge marked CR/577/2023, Emefiele, on February 8, 2023, allegedly collaborated with Odoh Ocheme, who is currently on the run, to obtain $6.2m from the CBN, claiming that it was requested by the SGF “vide a letter dated 26th January 2023 with Ref No. SGF.43/L.01/201.”
The EFCC stated that Emefiele falsely claimed that the SGF requested the release of “a contingent logistic advance in the sum of $6,230,000.00 in line with Mr. President’s directive.”
READ ALSO:
- Nasarawa, Kebbi, Ogun govs, 2 others know fate today as S’Court delivers judgements
- Traditional healer leads police to where he buried the head of 18-year-old girl
- Ibadan explosion: Police declare owners of building wanted
Despite knowing that it was false, the EFCC accused Emefiele of committing an offense contrary to section 1(1) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and punishable under section 1(3) of the same Act.
The amended charge also alleged that Emefiele forged a document titled “RE: PRESIDENTIAL DIRECTIVE ON FOREIGN ELECTION OBSERVER MISSIONS,” dated 26 January 2023 with Ref No. SGF.43/L.01/201, and allegedly collaborated with Ocheme to commit the “illegal act to wit: forgery.”
Moreover, Emefiele was accused of conferring a corrupt advantage on his wife, Omoile Margret, and brother-in-law, Omoile Macombo, by awarding a contract for the renovation of a portion of the CBN Governor’s residence in Lagos to the tune of N99.8m.
The EFCC alleged that the contract for the renovation of the CBN Governor’s lodge, located at No. 2 Glover Road, Ikoyi, Lagos, was awarded to a company named Messrs. Architekon Nigeria Limited, “wherein the duo are directors and majority shareholders.”
Emefiele faces a total of 20 counts in the amended charge sheet, and the court adjourned till today (Friday) for him to take his plea on the amended charges.
In the original charge filed against him in August 2023, Emefiele was accused of perpetrating procurement fraud to the tune of N6.5bn, alongside a female CBN employee, Sa’adatu Yaro, and her company, April 1616 Investment.
READ ALSO:
- Two officers killed as bandits attack Nigerian Immigration station in Kebbi
- Bandits ambush travellers on Kaduna road, kill father, kidnap 13 children
- Nigerian skit maker dies while shooting video
Later, the EFCC amended the charge, removing the names of Yaro and April 1616 Investment, and the quantum of the alleged procurement fraud was reduced to N1.2bn. Emefiele pleaded not guilty and the trial had commenced prior to the latest amendment.
The court also varied the terms of the N300m bail granted to Emefiele on November 22, 2023. The condition restricting Emefiele to Abuja was removed following an application moved by the defense counsel, Mathew Bukka (SAN).
Justice Muazu in November last year granted Emefiele N300m bail with two sureties in like sum, with the requirement that the sureties must have landed property in the Maitama District of the FCT.
At the proceedings on Thursday, Bukka urged the court to lift the restriction on his client, assuring that Emefiele would not jump bail if the restriction was lifted. The EFCC prosecutor, Rotimi Oyedepo (SAN), did not oppose the request but urged the court to ensure that Emefiele wrote an undertaking to remain in the country for the duration of his trial, which the judge granted.
How Emefiele impersonated SGF to Collect $6.2M from CBN – EFCC
News
FG Seals Plateau Mine After 37 Killed in Toxic Gas Tragedy
FG Seals Plateau Mine After 37 Killed in Toxic Gas Tragedy
The Federal Government has ordered the immediate closure of a mining site in Zuraq, Wase Local Government Area of Plateau State, following the death of 37 miners in a suspected toxic gas exposure.
Minister of Solid Minerals Development, Dr. Dele Alake, directed that the site be sealed to prevent further casualties and pave the way for a comprehensive investigation into the tragedy.
According to local authorities, the victims were exposed to poisonous gaseous emissions in the early hours of Tuesday while working in an underground pit. At least 25 other miners are currently receiving treatment in hospital.
In a statement issued in Abuja by his Special Assistant on Media, Segun Tomori, the minister disclosed that the affected site falls under Mining Licence 11810, operated by Solid Unit Nigeria Limited and owned by Abdullahi Dan-China.
READ ALSO:
- Troops Kill Five Kidnappers, Rescue Abducted Woman in Plateau
- Sowore Condemns Electoral Act 2026 as Threat to Nigeria’s Democracy
- DSS Takes El-Rufai into Custody After Two Nights at EFCC Headquarters
Alake said a high-level investigative team led by the ministry’s Permanent Secretary, Yusuf Yabo, has been deployed to the area to determine both the immediate and remote causes of the disaster and recommend appropriate sanctions. The team comprises mining engineers, environmental compliance officers and experts in artisanal mining operations.
Preliminary findings indicate that the licensed operator allegedly ceded the pit to members of the host community following agitation for economic empowerment. The area, reportedly an abandoned lead site, contained stored minerals capable of emitting sulphuric oxide — a hazardous substance.
Unaware of the danger, villagers engaged in mining activities and were exposed to the toxic fumes.
The minister described the incident as a tragic loss of innocent Nigerians striving to make a living and extended condolences to Plateau State Governor Caleb Mutfwang and families of the victims.
He assured that further updates would be provided as investigations progress, stressing the government’s commitment to enforcing safety and environmental standards in the mining sector.
FG Seals Plateau Mine After 37 Killed in Toxic Gas Tragedy
News
Tinubu Ends NNPCL Oil Revenue Deductions, Orders Full FAAC Remittance
Tinubu Ends NNPCL Oil Revenue Deductions, Orders Full FAAC Remittance
President Bola Ahmed Tinubu has signed a sweeping executive order mandating the direct remittance of all oil and gas revenues into the Federation Account Allocation Committee (Federation Account Allocation Committee), in what is regarded as one of the most significant fiscal reforms since the enactment of the Petroleum Industry Act (PIA).
The directive, announced by presidential spokesperson Bayo Onanuga, requires that all proceeds from royalty oil, tax oil, profit oil, and profit gas be paid in full into the federation account without deductions, before statutory distribution to the federal, state, and local governments.
A central element of the order strips Nigerian National Petroleum Company Limited (NNPCL) of its long-standing 30 per cent management fee on profit oil and profit gas, a deduction that has repeatedly drawn criticism for significantly reducing funds available for sharing among the three tiers of government. The presidency said the practice undermined constitutional revenue entitlements and weakened public finances.
In addition, the president directed that the 30 per cent Frontier Exploration Fund created under the PIA will no longer be retained or managed by NNPCL. Instead, all funds previously set aside under the arrangement will now flow directly into the federation account for FAAC distribution, altering the financing structure for frontier basin exploration activities.
READ ALSO:
- Lagos DSVA Confirms Mirabel Assault Happened in Ogun, Transfers Case
- Arsenal Blow Two-Goal Lead as Bottom Club Wolves Hold Gunners to 2–2 Draw
- Two Killed, Five Injured as Violence Erupts at APC Ward Congress in Ondo
The executive order also affects the handling of gas flare penalties. Payments into the Midstream and Downstream Gas Infrastructure Fund have been suspended, with all proceeds from gas flaring penalties now to be paid directly into the federation account. Officials said existing environmental remediation frameworks already cover such obligations, making the additional fund unnecessary.
According to the presidency, the reforms are aimed at blocking overlapping deductions, including management fees and profit retentions, which collectively divert more than two-thirds of potential oil and gas revenues before they reach FAAC. President Tinubu warned that shrinking net oil revenues pose serious risks to national budgeting, debt sustainability, and overall economic stability.
The president emphasised that the new framework will reposition NNPCL strictly as a commercially driven national oil company, removing quasi-fiscal responsibilities while strengthening transparency, accountability, and oversight in Nigeria’s oil and gas revenue management.
To ensure effective implementation, Tinubu approved the establishment of an inter-ministerial committee comprising senior officials from the economic management team, justice sector, and relevant regulatory agencies. The committee is expected to coordinate legal, financial, and operational steps required for immediate compliance.
The president also signalled plans for a broader review of the Petroleum Industry Act, indicating that further amendments may be pursued to address structural and fiscal concerns raised by stakeholders, particularly state governments.
With oil and gas revenues remaining central to Nigeria’s fiscal health, the executive order represents a decisive move to tighten revenue flows, strengthen FAAC allocations, and reinforce fiscal federalism across the country.
Tinubu Ends NNPCL Oil Revenue Deductions, Orders Full FAAC Remittance
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.
READ ALSO:
- Korope Drivers Shut Down Lekki–Epe Expressway Over Lagos Ban (Video)
- Kano Closes Entertainment Centres Ahead of Ramadan
- Asari Dokubo Warns Igbo Groups Against Sparking Religious Conflict in Rivers
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
-
News3 days agoSaudi Arabia Confirms Sighting of Ramadan Crescent, Fasting Begins Wednesday
-
metro2 days agoLagos Woman Shares Ordeal After Alleged Rape, Sparks Nationwide Outcry
-
News2 days agoRamadan Begins in Nigeria as Sultan Confirms Crescent Sighting
-
metro2 days agoSeven Killed in Horrific Crash at Ota Toll Gate
-
International16 hours agoCanada Opens New Express Entry Draw for Nigerian Workers, Others
-
metro3 days agoDeadlock at National Assembly as House Snubs Electoral Act Bill Meeting on E-Transmission Clause
-
News2 days agoKorope Drivers Shut Down Lekki–Epe Expressway Over Lagos Ban (Video)
-
Health2 days agoRamadan Health Tips: Six Ways to Stay Hydrated While Fasting


