Katsina Times

Breaking News

Emefiele and Tunde Sabi'u Scandal: Urgent Calls for Investigation

Katsina City News
24 Dec, 2023
View 743

In a shocking revelation at the Press Center of the Nigerian Union of Journalists in Katsina, "The Citizens Participation Against Corruption" Initiative exposed a web of corruption, terrorism financing, and malfeasance, allegedly involving ousted Central Bank of Nigeria governor, Godwin Ifeanyi Emefiele. The organization called for an immediate and thorough investigation into the alleged wrongdoings.

Commending President Bola Ahmed Tinubu's call for a comprehensive inquiry, the organization praised special investigator Mr. Jim Obazee for his resolute pursuit of truth. Aligning with justice appeals from patriotic Nigerians and the international community, the initiative revealed startling revelations that demand immediate attention.

Unveiling the Scandal:

1. Naira Redesign Policy: Emefiele's purported unilateral implementation of the "Naira Redesign Policy" without proper approval, allegedly at the behest of Tunde Sabi'u, is exposed. The lack of transparency raises accountability concerns, leading to widespread suffering and chaos.

2. Ways and Means Fraud: The report spotlights Emefiele's alleged misappropriation of N17.369 Trillion under the guise of "Ways and Means financing" as a significant reason for prosecution. Decried as a scam contributing to Nigeria's escalating debt, this financial misconduct is brought to light.

Beyond Financial Wrongs:

1. Allegations of Terrorism Financing: Emefiele faces serious accusations of financing a terrorist organization, maintaining offshore accounts without approval, and acquiring banks through proxies. The report questions the potential impact of these allegations on Nigeria's development.

A Call to Action:

President Tinubu's Challenge: The organization urges President Tinubu to exhibit a decisive stance against corruption by facilitating thorough investigations and holding all responsible parties accountable. Emphasis is placed on addressing root causes rather than merely targeting scapegoats.

Urgent Appeal to Judiciary and Citizens: The Citizens Participation Against Corruption Initiative appeals to the judiciary to resist any attempts to subvert justice. A united front against attempts to exploit divisions along religious, tribal, or political lines is called for, urging all Nigerians to stand against corruption irrespective of background.