The prosecution maintained that the contracts, valued at between $6 million and $10 million, did not pass through the Major Contracts Tender Board,
EFCC Kicks Against Emefiele’s No-Case Submission In $6.23m Fraud Case
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“You Have Done Something New In Nigerian Politics” — Tinubu Acknowledges City Boy Movement Support For Administration
He commended the City Boy Movement for building a grassroots organisational structure and community engagement initiatives, including City Boys Care, while acknowledging other groups’ efforts to communicate the administration’s policies
Emefiele: Witness Says Finance Ministry Unaware Of N124.86bn CBN Withdrawal
The witness said he appeared before the court because his Ministry received a letter from the investigation team concerning N154 billion said to have been withdrawn by the CBN.
N4.65trn Recapitalisation: Are Banks Financing Nigeria’s Economy Or Government?
Four mid-tier banking groups, FCMB, Wema, Sterling Financial Holdings and Ecobank Transnational recorded a combined after-tax profit of N730.2 billion in H1 2026, compared with N636.4 billion a year earlier.
Witness Tells Court How Fraudulent Withdrawal Of $6.2m Under Emefiele’s Supervision Pushed CBN’s Special Dollar Account Into Negative Balance
The special investigator also revealed that CBN’s Bank Verification Number, BVN portal was non-functional for over a month in the lead up to the withdrawal, making it impossible for the fund recipient to present identification before collecting the funds.
Witness Details How $6.23m Was Moved From CBN To Fund 2023 Election Observers In Emefiele’s Trial
He disclosed that forensic analysis conducted on the documents confirmed that the signatures attributed to the two officials were not genuine.
ACAMB Hails Nigerian Banks For Meeting New Capital Requirements
The Governor of the CBN, Olayemi Cardoso, had disclosed that 32 banks have already met the new capital requirements under the ongoing recapitalisation programme
Tinubu Appoints Lamido Abubakar Yuguda As CBN Deputy Governor
Tinubu Appoints Lamido Abubakar Yuguda As CBN Deputy Governor President Bola Ahmed…
CBN Affirms Alpha Morgan Bank’s Capitalisation
This affirmation reflects the Bank’s adherence to regulatory requirements and its strategic focus on strengthening its capital base
Emefiele: Forged Papers Used To Withdraw $6.23m, Witness Narrates
The witness informed the court that he was approached early January 2023 by one Alhaji Ahmed
