Close Menu
    Facebook X (Twitter) Instagram
    The Hints News Media Limited
    • Home
    • News

      AAAU, Embry-Riddle Sign Agreement To Expand Aviation Training Across Africa

      Sponsor: Obagah izuagie October 17, 2026

      Foundation Enrolls Five Out-of-School Girls In Abuja, Awards Scholarship Through Secondary School

      Sponsor: Adeniyi Adedeji October 16, 2026

      NSIB Commences Investigation Into Aircraft Door Separation Involving Challenger 604

      Sponsor: Obagah izuagie October 16, 2026

      Oyo: NNPP Gov. Candidate Petitions INEC Over Omission From Final List

      Sponsor: Adeniyi Adedeji October 16, 2026

      Obi Meets FCT Market Traders, Pledges Support

      Sponsor: Esther musa October 15, 2026
    • Politics

      Oyo: NNPP Gov. Candidate Petitions INEC Over Omission From Final List

      Sponsor: Adeniyi Adedeji October 16, 2026

      Obi Meets FCT Market Traders, Pledges Support

      Sponsor: Esther musa October 15, 2026

      Tinubu To Lead APC Campaign Rally In 12 States, As Party Releases Schedule 

      Sponsor: Adeniyi Adedeji October 15, 2026

      INEC: Political Parties Have 14 Days to Notify Us Over Omission of Candidates From Final List of Governorship Election

      Sponsor: Esther musaOctober 13, 2026

      APC Sidelines Tinubu’s Cousin, Oyetola, Appoints Wike, Adeleke As  Presidential Campaign Coordinators For FCT, Osun

      Sponsor: Adeniyi Adedeji October 13, 2026
    • Business

      Nigeria, Ghana, Move To Strengthen Bilateral Cooperation On Fisheries Governance, Vessel Authorisation

      Sponsor: Obagah izuagie October 14, 2026

      We Can’t Afford N18m Cars -Airport Cab Operators Tell FAAN

      Sponsor: Obagah izuagie September 27, 2026

      Blue Economy: New Investments Must Strengthen, Not Displace, Artisanal Fishers – Oyetola

      Sponsor: Obagah izuagie September 24, 2026

      FAAN: Nigeria’s Aviation Market Hits 18.8 Million Passengers As Airline Capacity Surges 37.4%

      Sponsor: Obagah izuagie September 22, 2026

      US Writes Oyetola, Commends Nigeria On Removal of 12-Year Condition of Entry

      Sponsor: Obagah izuagie September 13, 2026
    • Sports

      UN Names Amokachi, Others As Football For The Goals Champions

      Sponsor: Modupeola oyewale July 19, 2026

      Amokachi, Gilberto Silva Rally Global Support For Youth Mental Health At UN 

      Sponsor: Modupeola oyewale July 19, 2026

      Maresca Agrees To Replace Guardiola At Man City

      Sponsor: Obagah izuagie May 19, 2026

      Former Super Eagles’ Forward Dies In Kaduna

      Sponsor: Adeniyi Adedeji April 24, 2026

      NOC Set To Host IOC-backed Advanced Gender-inclusive Governance Course In Abuja

      Sponsor: Modupeola oyewale March 3, 2026
    • Health

      Anambra Tops New HIV-Positive Cases In Nigeria – Report

      Sponsor: Halimat ibrahim October 11, 2026

      Foundation Supports 50 Students With Educational Materials In Abuja 

      Sponsor: Adeniyi Adedeji September 17, 2026

      My Mother’s Journey Made Disability Inclusion Personal – Ogunlana 

      Sponsor: Adeniyi Adedeji September 15, 2026

      Nollywood Actor Battling Stage Four Cancer Rejected By Hospitals

      Sponsor: Adeniyi Adedeji August 18, 2026

      Don’t Sign National Tobacco Control Act Amendment Bill Into Law, Coalition Tells Tinubu

      Sponsor: Adeniyi Adedeji August 10, 2026
    • Education

      Foundation Enrolls Five Out-of-School Girls In Abuja, Awards Scholarship Through Secondary School

      Sponsor: Adeniyi Adedeji October 16, 2026

      FCT, Lagos, Oyo Top States With Highest Education Quality In Nigeria — Report

      Sponsor: Adeniyi Adedeji October 11, 2026

      Foundation Announces 2026 Spelling Bee Competition For Young People With Diverse Abilities

      Sponsor: Adeniyi Adedeji September 25, 2026

      Foundation Supports 50 Students With Educational Materials In Abuja 

      Sponsor: Adeniyi Adedeji September 17, 2026

      FG: Unity Colleges Resume Monday As Scheduled

      Sponsor: Adeniyi Adedeji September 13, 2026
    • Entertainment

      Nollywood Actor, Olu Jacobs Dies At 84

      Sponsor: Adeniyi Adedeji September 16, 2026

      Nollywood Actor, Taiwo Hassan Is Dead

      Sponsor: Adeniyi Adedeji August 23, 2026

      40andFabulousNaija Reality TV Show Season 3 Meant to Reposition Women from Age 40

      Sponsor: Halimat Ibrahim September 23, 2025

      Nollywood Actor, Don Richard Seeks Financial Assistance As He Battles Kidney Disease

      Sponsor: Adeniyi Adedeji July 31, 2025

      Wrestling Legend, Hulk Hogan’s Cause Of Death Revealed 

      Sponsor: Modupeola oyewale July 25, 2025
    Trending
    • AAAU, Embry-Riddle Sign Agreement To Expand Aviation Training Across Africa
    • Foundation Enrolls Five Out-of-School Girls In Abuja, Awards Scholarship Through Secondary School
    • NSIB Commences Investigation Into Aircraft Door Separation Involving Challenger 604
    • Oyo: NNPP Gov. Candidate Petitions INEC Over Omission From Final List
    • Obi Meets FCT Market Traders, Pledges Support
    • Alleged ₦110.4bn Fraud: How ₦1.425bn Was Used For Forex Transactions In Two Months – Witness
    • Police Arrest Man Over Exhumation, Mutilation Woman’s Corpse In Iwo
    • Tinubu To Lead APC Campaign Rally In 12 States, As Party Releases Schedule 
    The Hints News Media Limited
    Home » How Emefiele Allegedly Awarded Multi-Billion Naira Contracts to Family,  Associates — Witness  

    How Emefiele Allegedly Awarded Multi-Billion Naira Contracts to Family,  Associates — Witness  

    Hints NewsBy Hints NewsMarch 11, 2024No Comments4 Mins Read
    Share Facebook Twitter LinkedIn WhatsApp Email Telegram Copy Link
    Share
    Facebook Twitter Email Telegram WhatsApp Copy Link

    A Seventh Prosecution Witness in the trial of a former governor of Central Bank of Nigeria (CBN), Godwin Emefiele on Monday, March 11, 2024 told Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court, Abuja, how Emefiele awarded contracts to family and associates.

    The witness told the court that the embattled former CBN governor allegedly signed and approved award and payments of contracts to April 1616 Investment Limited and Architekon Nigeria Limited, companies that allegedly belong to Sa’adatu Ramalan Yero, his wife, Margaret Emefiele and his in-law respectively.  

    The witness,  Agboro Michael, an investigator with the ICPC,  led in evidence by the prosecution counsel, Rotimi Oyedepo,SAN, was part of the investigation team that comprised the EFCC, ICPC, CCB, DSS and the Nigerian Police.

    Advertisement

    He testified on the count-charge of abuse of office and conferring  an unfair advantage to a public officer and relatives, preferred against Emefiele.

    Michael said: “My Lord, these companies were awarded about 45 contracts to supply Toyota Vehicles. 

    “We were worried as investigators as to how a particular company would get bids concurrently to supply vehicles. We did our investigation, and discovered that the company was not even accredited by Toyota.

    “In the companies my Lord, one has Sa’adatu’s husband and siblings as directors, and the other one has Sa’adatu as the director of the company while she is still a civil servant.  

    “Document ‘F1’ shows the signature and approval of the defendant to pay the sum of N854, 700,000. His signature was number three on the document.”

    Testifying further, Michael said in ‘F3’, the defendant approved 1, 85,700,000  for the supply of 47 units of Toyota Hilux.

    While ‘F4’ was the defendants approval to purchase for the bank an armoured Toyota Avalon car at the cost of N99,900,000 and ‘F5’ was the approval to procure two units of Toyota Hilux for the bank, and all were bought from April 1616 Investment limited.

    Speaking on the findings of the investigative team on exhibit P26, page 86 of 107 on November 6, 2021. Michael said it was a credit into the account from the CBN to the tune of N41, 943, 400, 34.

    He added; “Page 87 was also a credit in April 2016 from the CBN, N304, 853, 50. On 26 January, 2021, April 1616 Investment Nigeria limited also received N304, 853, 720, 55  from the CBN.

    “On the 10th of February, 2021, the CBN paid N201, 23, 323, 31. The approval of payment of March 24, 2021 was  N304,843,720,85, April 27, 2021 was 60,976,744,17 and February 21, 2021 was a payment of N50,547,508,30  were equally approved by the defendant.”

    The witness further told the court that the team recorded the defendant’s statement under caution and video recorded in a conducive environment.

    Testifying further, the witness said; “In 2019, again,  we discovered the defendant also used his office and position to confer a corrupt advantage to one of the staff of CBN, Sa’adatu Ramalan Yero to supply  one unit of Toyota Land Cruiser V8 at the cost of N73, 800,000 to her company April 1616 Investment Nigeria limited where she is a director, and equally a director in the CBN.

    “Again my Lord, the defendant also approved the payment of renovation of the CBN Governors’ residence at No 2. Global road, Ikoyi Lagos to a company named; Architekon Nigeria Limited where his wife and brother-in-law are both directors.

    “Sometime in 2020, the defendant used his position as CBN Governor to confer on his wife and brother in-law corrupt advantage by awarding their company landscaping of the CBN governor’s residence in the sum of N39,46,000,” he said

    CBN EFCC
    Share. Facebook Twitter Telegram Email WhatsApp Copy Link
    Previous ArticleYou Are on Your Own, Northern Senators Tell Ningi
    Next Article Troops Burst IPOB/ESN Firearms, Drones Factory In Delta, Kill 2, Arrest 6 Suspects

    Related Posts

    AAAU, Embry-Riddle Sign Agreement To Expand Aviation Training Across Africa

    Sponsor: Obagah izuagie October 17, 2026

    Foundation Enrolls Five Out-of-School Girls In Abuja, Awards Scholarship Through Secondary School

    Sponsor: Adeniyi Adedeji October 16, 2026

    NSIB Commences Investigation Into Aircraft Door Separation Involving Challenger 604

    Sponsor: Obagah izuagie October 16, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How Pressure To Meet Up Alleged Monthly Remittances To NSCDC CG Forces State Commandants To Obtain Bank Loans

    Sponsor: Adeniyi Adedeji September 24, 2026

    Ensure Discipline, Unity In the Party, APC France Chapter Urges Yilwatda

    Sponsor: Halimat Ibrahim July 26, 2025

    International Friendlies: Ajibade, Echegini, Babajide Early Arrival For Cameroon

    Sponsor: Modupeola oyewale May 25, 2025

    How NSCDC Spent N169.4m to Feed 18,821 Personnel For Three Days During 2022 Ekiti Guber Polls

    Sponsor: Adeniyi Adedeji January 21, 2026
    Don't Miss
    News

    AAAU, Embry-Riddle Sign Agreement To Expand Aviation Training Across Africa

    Sponsor: Obagah izuagie October 17, 2026

    The African Aviation and Aerospace University (AAAU), Abuja, has signed an agreement with Embry-Riddle…

    Foundation Enrolls Five Out-of-School Girls In Abuja, Awards Scholarship Through Secondary School

    Sponsor: Adeniyi Adedeji October 16, 2026

    NSIB Commences Investigation Into Aircraft Door Separation Involving Challenger 604

    Sponsor: Obagah izuagie October 16, 2026

    Oyo: NNPP Gov. Candidate Petitions INEC Over Omission From Final List

    Sponsor: Adeniyi Adedeji October 16, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest news from TheHintsNews.

    Our Picks

    AAAU, Embry-Riddle Sign Agreement To Expand Aviation Training Across Africa

    Sponsor: Obagah izuagie October 17, 2026

    Foundation Enrolls Five Out-of-School Girls In Abuja, Awards Scholarship Through Secondary School

    Sponsor: Adeniyi Adedeji October 16, 2026

    NSIB Commences Investigation Into Aircraft Door Separation Involving Challenger 604

    Sponsor: Obagah izuagie October 16, 2026
    Most Popular

    Holy Michael High School: A Citadel of Learning In Ruins

    December 28, 202424

    The Battle For The Soul Of Osun State

    Sponsor: Dr. Olayinka OlatunbosunSeptember 25, 2025

    Is Government Culpable In Enforced Disappearance Of Young Nigerians By Nebaioth Academy?

    Sponsor: Adeniyi Adedeji May 30, 2025
    © 2026 TheHintsNews. Designed by WEBsolute.
    • Home
    • Editorial team
    • About us
    • Contact us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.