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Shocker: DSS reveals fresh allegations against Emefiele submits report to Buhari

Shocker: DSS reveals fresh allegations against Emefiele submits report to Buhari

Shocker: DSS reveals fresh allegations against Emefiele submits report to Buhari

By Collins Mbakwe

The Department of State Services (DSS) has made fresh allegations against the embattled Governor of the Central Bank of Nigeria, Godwin Emefiele.

This is contained in a security report handed over to President Buhari by the DSS Director-General, Yusuf Bichi, at his office in the Aso Rock Presidential Villa on Thursday of last week.

OurNigerianews reliably gathered that the submission of the security report necessitated Emefiele’s visit to the Aso Rock Presidential Villa for the second time on Thursday.

It was learned that the CBN governor was summoned by President Buhari following his receipt of the DSS security report on the fresh allegations and “overwhelming evidence” against the apex bank’s boss.
Emefiele had earlier Thursday visited the Presidential Villa as part of an Arab Bank for Economic Development delegation led by its Director General, Dr Sidi Ould Tah.

Emefiele’s second meeting with President Buhari was, however, held behind closed doors, where it was learned that the CBN governor was confronted with the fresh allegations levelled against him by the DSS.
At the end of his closed-door meeting with President Buhari, Emefiele declined to comment on the issues discussed when approached by State House correspondents. This was just as Emefiele, on Wednesday night, directed all the DSS operatives detailed to provide security for him to withdraw and “return to base.”

Emefiele’s disengagement of the DSS operatives followed the deployment of heavily armed soldiers and military intelligence operatives, allegedly by the Chief of Defence Staff, Gen. Lucky Irabor, to take over the security of the apex bank governor and his family members.

Gen. Irabor secured him with military police and intelligence personnel from the Defence Headquarters to prevent his arrest by the DSS.

On Wednesday night, Emefiele, through a civil society organisation called the Forum for Accountability and Good Leadership, obtained a fresh court injunction from the Federal Capital Territory High Court barring the DSS from questioning officials of the CBN and chief executives of 27 commercial banks on foreign exchange allocations from 2017 to date.

Our Nigeria News got a copy of the court order from Justice S.B. Belgore, who was in charge of the case. The judge adjourned hearing the motion on notice until January 25. Remember that the DSS recently accused Emefiele of allegedly aiding and abetting terrorism and demanded that the CBN government be prosecuted for the alleged crimes.

The DSS says that preliminary investigations have shown that Emefiele was involved in several acts of financing terrorism, fraud, and economic crimes that affected national security. But the troubled head of the CBN hasn’t stopped trying to avoid being caught and questioned by the DSS.

He recently delayed his return to Nigeria after a trip abroad. He was also said to have engaged some close associates of President Buhari to help him prevail on the DSS to let him off the hook. The CBN governor is also alleged to have been employing propaganda through organised public protests and demonstrations by CSOs, all in a bid to stop his investigations by the DSS.

It was, however, learned that, unknown to the CBN Governor, while he was out of the country, the DSS had interrogated and obtained documentary evidence from his deputies at the apex bank, external auditors to the bank, and managing directors of the 27 commercial banks regarding the monumental allegations of corruption and fraud being levelled against him by the secret police regarding forex allocations and other corruption allegations. During these expanded investigations, the DSS found 12 new accusations against the CBN governor, according to reliable sources who spoke to First News.

It was gathered that during interrogation, the CBN external auditors, who have been working for the apex bank for the past six years, “gave evidence under caution” and provided documents to back their claim that Emefiele paid them to prepare “doctored audit reports” that the Federal Government has inadvertently been relying upon.”

It was also learned that during investigations, the DSS discovered that the controversial Ways and Means approval requested by the Finance Minister was actually in the region of N23.7 trillion, as opposed to the N7.3 trillion presented to the National Assembly. Some of the new allegations Emefiele is being investigated for by the DSS include the N3.6 billion in COVID-19 palliative funds given to Nigeria by the IMF two years ago to cushion the effects of the pandemic. Emefiele, it was learned, did not inform the Federal Government about the IMF palliative but only allegedly diverted the money into a private account in China. The demand for an acknowledgement letter by the IMF from the Finance Minister let the cat out of Emefiele’s bag. The CBN Governor, on the other hand, was said to have told the Finance Minister that he had invested the money for the benefit of the country.

The Finance Minister, on her part, was said to have demanded about $700 million out of the IMF palliative to enable her ministry to “offset staff salaries.” The remaining $3 billion, as it was gathered, is still being kept in a bank in China without the knowledge of the Federal Government.
CBN under Emefiele is also accused of running 527 private bank accounts with public funds worth billions stashed in them without the knowledge of the federal government.

The much-vaunted Single Treasury Account (TSA), it was learned, has been discovered by the DSS to be a phantom device by Emefiele to deceive the Federal Government and all Nigerians. “There’s nothing like a TSA account.” “Only Emefiele knows what he means by this,” a source said.

The CBN Government is also alleged to have masterminded the creation of two foreign reserve accounts for Nigeria, the second of which the Federal Government is not aware of having about $47 billion.

The DSS, it was further gathered, while grilling bank chief executives, also unearthed an allegation that the CBN boss directed all commercial banks’ managing directors to give him N30 billion each year as his own “pocket money.” Only a newly established bank (names withheld) is said to have paid Emefiele the smallest sum of N5 billion. The bank MDs involved, it was learned, have already written statements and provided the DSS with documentary evidence.

Only on Wednesday night last week, Emefiele, through a CSO, approached an Abuja High Court presided over by Justice Belgore to obtain an interim injunction to restrain the DSS from obtaining information from the CBN and the commercial banks regarding forex allocations in the past six years.

But unknown to Emefiele, the DSS, it was learned, had already obtained a comprehensive list of all those involved in the forex distribution deal, including some highly placed Presidency officials, and this is now said to be included in the security report on the CBN boss submitted to President Buhari.

 

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