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How Emefiele Moved Funds To Wife’s Account

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Godwin Emefiele

Ifeoma Ogbonnaya, an Assistant Manager at Zenith Bank Plc, on Tuesday, July 9, told an Ikeja Special Offences Court, how the former embattled Bank of Nigeria (CBN) Governor, Godwin Emefiele, transferred funds to his wife, Margaret Emefiele.

Ogbonnaya explained that Emefiele used the bank to move multimillion-naira amounts to his wife’s accounts.

Emefiele faces charges of abuse of office and alleged fraud involving $4.5 billion and ₦2.8 billion during his tenure.

Acting as the fifth prosecution witness, Ogbonnaya was led in evidence by Rotimi Oyedepo, SAN, who is the counsel for the Economic and Financial Crimes Commission (EFCC).

She explained to the court how Emefiele utilized Zenith Bank to transfer millions of naira in tranches to his wife through several companies.

Ogbonnaya specified that the companies receiving these funds included Amswing Resources and Solution, Limelight Dimensional Service Ltd., Omec Support Service Ltd., and Mango Farm. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

“Limelight manages CBN facilities at Alakija, handling transactions related to power and maintenance,” Ogbonnaya said.

The witness, a Business Relationship Manager who joined the bank in 2006, stated that while she never dealt directly with the ex-CBN governor, she received instructions from his wife to transfer funds from CBN to their private companies via a Zenith Bank account.

Ogbonnaya also mentioned that she received directives from Mr. John Ogah and the late Mr. Opeyemi Oludimu, both of whom worked for the Emefieles.

She managed the various company accounts used for transferring these funds, emphasizing that Margaret Emefiele was the primary beneficiary.



“Mrs. Margaret Emefiele, the ex-CBN governor’s wife, is the direct beneficiary of the accounts.

“The companies sent transfer instructions to my email, and Margaret is the beneficial owner of the accounts. All transactions were confirmed by Mrs. Emefiele before processing,” Ogbonnaya testified.

Ogbonnaya detailed specific transactions, stating that from March 9 to 11, 2015, the accounts received ₦18.9 million and ₦1.8 million, respectively. Further transfers included ₦43 million on February 22, 2021; ₦37.3 million on July 21, 2022; ₦44.6 million on October 21, 2022; and ₦93.1 million on May 10, 2023.

The witness further explained that she typically communicated with Emefiele’s wife via email, phone calls, and WhatsApp to discuss transactions that were to be executed on the accounts before processing them.

Ogbonnaya confirmed that detailed transaction records were printed from her office desktop computer.

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IN-THE-NEWS

Liberal TV Hosts Mock Pregnant Tiffany Trump, but Barron Trump Shuts Them Up for Good! –

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The bright lights of a television studio shined as three popular TV hosts sat at their desk, smiling into the camera. But what they said next shocked the world. They mocked Tiffany Trump—calling her a gold digger, saying she was like her mother, and laughing at the fact that she was pregnant. One of the hosts even said, “Just imagine another Trump in the world.” Millions of viewers watched in silence. Some were angry. Some were hurt. Others turned off their TVs.

But no one was more upset than Baron Trump. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

Baron, Tiffany’s younger brother, was sitting in the White House. He clenched his jaw and stared at the screen. His hands gripped his phone so tightly that his knuckles turned white. Tiffany had always been kind to him. She had always supported him. And now, people were laughing at her on national television…Click Here To Continue Reading>> …Click Here To Continue Reading>>

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Study shows Trump suffers from Biden Derangement Syndrome –

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NBC News looked into how often former President Donald Trump has talked about President Joe Biden, his family, or his time in office. Since Trump took office again, he has brought up Biden in speeches or social media posts about 580 times. That means he talks about Biden around six times every day.

On the other hand, during the first 100 days of his presidency, Biden only mentioned Trump 29 times.

Trump often blames Biden for most of the problems happening in the country. He says Biden is at fault for things like high egg prices, inflation, immigration issues, and the overall economy. Whenever Trump speaks publicly, he usually finds a way to criticize Biden, even though Biden has mostly stayed out of the spotlight since he left the White House in January. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

NBC News also reported that Trump is showing no signs of slowing down in how much he focuses on Biden. He’s using all the tools available to him as president to keep talking about Biden. His team and advisors are also helping by bringing up Biden regularly…Click Here To Continue Reading>> …Click Here To Continue Reading>>

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Qatar Emir BLOCKS Putin’s Way at the Kremlin What Happened Next Left Everyone Stunned (Video) –

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An unusual and light-hearted moment stole the spotlight during a high-profile visit at the Kremlin this week. Qatar’s Emir, Sheikh Tamim bin Hamad Al Thani, accidentally blocked Russian President Vladimir Putin’s path as leaders moved through the grand corridors of Moscow’s most powerful political building.

It happened in just a few seconds. As President Putin was walking towards a meeting room, the Emir unknowingly stepped directly into his way. Putin, known for his reserved and formal style, stopped for a brief moment, waiting for the path to clear. Realizing what had happened, Sheikh Tamim quickly turned around, flashed a polite smile, and offered a sincere apology. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

Observers nearby caught the small but noticeable exchange. Putin responded with a brief nod and a slight smile, accepting the apology without any fuss. Both leaders then continued walking, and the meetings went ahead as planned. But even as the day unfolded with important political talks, that tiny human moment became the story people couldn’t stop talking about…Click Here To Continue Reading>> …Click Here To Continue Reading>>

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