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Corruption: Unsavoury revelations from Nigeria


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The former Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has reportedly refunded a whopping N4 trillion to the coffers of the Federal Government stolen while he was the at the helm of affairs of the apex bank.

The revelation was made by a presidential aide to former President Goodluck Ebele Jonathan and Publisher of Point Blank News, Mr. Jackson Ude, on his “X” (formerly Twitter handle), @jacksonpbn, on Tuesday.

According to sources close to the investigators, besides reportedly returning N4 trillion, Emefiele also allegedly gave up ownership of six banks linked to him.

In a related development, the source revealed that a former CBN Deputy Governor, Tunde Lemo, also reportedly refunded $500 million embezzled taxpayers’ money.

Former CBN Deputy Governor, Tunde Lemo
Former CBN Deputy Governor, Tunde Lemo

See a screenshot of the post below:

The most shocking of all, it may seem, however, was the discovery of $275 million in the bank account of a six-year-old son of Sabiu Yusuf, a.k.a Tunde, a Personal Assistant to former President Muhammadu Buhari.

Also discovered was another N1.5 trillion in the personal account of the former Personal assistant to former President Buhari.

President Muhammadu Buhari and Sabiu "Tunde" Yusuf
President Muhammadu Buhari with Sabiu “Tunde” Yusuf

The source said: “The Special Investigator, Jim Osayande Obazee and his committee, allegedly discovered $275 million in an account in a new generation bank belonging to six years old son of Sabiu Yusuf.

“Another N1.5 trillion also allegedly traced to Yusuf, a very influential member of the former President Mohammadu Buhari’s Govt.

“President Bola Ahmed Tinubu is currently negotiating, using some influential Nigerians on how to refund the funds without being exposed.

“Only recently, National Security Adviser, NSA, Nuhu Ribadu, lamented that the current administration inherited a bankrupt country from the Buhari’s government due to the large scale looting that occurred then.”

See the second post by Jackson Ude below:

It could be recalled that Tinubu employed the services of Mr. Obazee, a Special Investigator, to investigate the activities of CBN under Emefiele and related entities.

Special Investigator, Jim Osayande Obazee
Special Investigator, Jim Osayande Obazee

So far, Obazee has recovered over N12 trillion looted mostly by members of the former President Buhari’s administration.

The source also claimed that the committee has also rejected several millions of Dollars in bribe offers from former members of the Buhari’s Government to avoid being arrested and exposed.

When contacted, Jackson Ude, not only confirmed the revelation but, expressed readiness to defend the allegation, insisting that the source was highly credible.

 Read more.

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