Tag: Godwin Emefiele

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Forex Scandal: Emefiele Faces Fresh Charges As Dangote Denies Wrongdoing

The Economic and Financial Crimes Commission (EFCC) has sent letters to more than 85 entities, including corporate organizations and individuals, as part of an ongoing investigation into suspected fraudulent foreign exchange allocations during the tenure of the former Central Bank of Nigeria governor, Godwin Emefiele, The PUNCH reports.

 

It was gathered that Emefiele might face an amended charge to include new discoveries in the ongoing probe of forex transactions under his probe.

 

The anti-graft agency has also summoned senior officials of the affected entities and mandated them to provide detailed documents of their foreign exchange transactions covering the last nine years.

 

Though Sunday PUNCH could not independently verify the details of the 85 other companies affected by the ongoing investigation, however, the Dangote Group and BUA Plc top the list as gathered by our correspondent on Saturday.

 

A top EFCC source revealed that the commission’s investigation was comprehensive, deeper, and encompassing, and independent of the report of the special investigator appointed by President Bola Tinubu to probe the CBN, Jim Obazee.

 

The source disclosed exclusively to Sunday PUNCH that Emefiele would face fresh charges by the EFCC over the ongoing foreign exchange probe.

 

Operatives of the EFCC had on Thursday stormed the headquarters of Dangote Industries Limited in Ikoyi, Lagos, and the BUA Towers located at PC 32, Churchgate Street, Victoria Island, Lagos State, in furtherance of the ongoing investigation into the alleged abuse of the foreign exchange allocations by Emefiele.

 

While officials of the Dangote Group confirmed the raid and stated that they were cooperating with the anti-graft agency by supplying relevant documents, BUA insisted that its offices were not raided by EFCC operatives.

 

A top EFCC official revealed that the agency was probing the preferential foreign exchange allocations allegedly made by Emefiele in defiance of extant financial rules and regulations and the CBN Act.

 

The official claimed, “The EFCC is investigating over 85 entities, which include companies and individuals. The probe has extended beyond 52 entities, and I can confirm that the Dangote Group and BUA Plc are part of the 85 entities under probe over the preferential foreign exchange allocations made by the former CBN governor, Godwin Emefiele, in defiance of extant financial rules and regulations and in disregard of the CBN Act.

 

“Some officials of those companies and individuals connected with the allocations have been invited by the commission for questioning, and all the affected entities have been asked to provide their financial documents from 2014 to 2023. We discovered that those allocations were not approved by former President Muhammadu Buhari, so it was more of a means for the former CBN governor and his cronies to launder money through forex transactions and Bureau De Change operators.

 

“But it should be noted that our investigation is comprehensive; it is deeper and encompassing, and absolutely independent of the CBN investigator, Obazee’s report. The charges against the former CBN governor will most likely be amended as there have been more discoveries from the forex probe.”

 

The EFCC source added, “The discoveries in the recent probe into forex transactions involving many individuals and organisations show that the former governor of the CBN will face amended charges soon. Lawyers of the commission are working on that and as soon as that is done, Emefiele will answer to the charges.

 

“We have found out how he used his position to help friends and acquaintances, business associates, relations and others.

 

“The charges against him are plenty. It is a pity that such a highly placed man used his office the way he did it.

 

“He is also going to face other charges like money laundering, abuse of office, even abuse of office may involve the declaration of assets.”

 

Sunday PUNCH reports that following the siege by EFCC operatives to Dangote and BUA’s offices on Thursday, the operatives went away with documents on the firms’ forex transactions.

 

Our correspondent gathered that the search by the anti-graft operatives in both offices commenced around 3pm and lasted several hours.

 

When contacted over the latest development on Saturday, the spokesperson for the EFCC, Dele Oyewale, declined comments.

 

 

“I can’t speak on that,” Oyewale said.

 

Saturday PUNCH reported that the EFCC operatives carted away some documents during the search on Thursday, but the documents did not cover all the transactions, hence the decision to summon the officials of the

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Buhari approved Naira redesign – Emefiele

Former Governor, Central Bank of Nigeria, Mr. Godwin Emefiele has said the Naira redesign programme was approved by former President Mohammadu Buhari.

Emefiele stated this in response to the publication of the report of the Private Investigator into the affairs of the CBN, Mr. Jim Obazee, which claimed that there was no presidential approval for the Naira redesign programme.

This is coming as Former Secretary to the Government of the Federation, SGF, Boss Mustapha, at the weekend denied involvement in the alleged withdrawal of over $6 million from the CBN.

In a statement titled, “Re; Emefiele, other stole billions, illegally kept Nigeria’s funds in foreign banks”, former CBN Governor, said that the presidential approval for the Naira redesign programme was handed to Obazee in front of senior CBN officials and members of the Private Investigator’s team.

Emefiele also averred that most of the content of the report of the special investigator cited in the media publications are false, misleading and calculated to disparage his person, injure his character and to serve the selfish interest of the private investigator.

Emefiele said: “After my release on bail from the correctional centre, Kuje, my attention was drawn to publications released by the Punch Newspaper and Premium Times online news platforms.

“The sources of the information published by both media houses were credited to a certain report prepared by Mr. Jim Obazee, who was appointed by the President as a private investigator.

“I have gone through the publications, and I say boldly that the contents of the said publications are false, misleading and calculated to disparage my person, injure my character and to serve the selfish interest of the private investigator.

“Because of my present situation, I have been advised by my lawyers not to say anything in respect of the matters which have been submitted to the court for adjudication. However, I need to address some of the issues raised in the publication, which are barefaced lies told by the investigator in order to achieve his satanic agenda.

“First, it was reported that, contrary to the provision of the CBN Act 2007, there was no presidential approval for the Naira redesign. I wish to state unequivocally that there was indeed a presidential approval, and the said approval was handed over to the same Jim Obazee during the process of his investigation in the presence of senior CBN officials and his own investigative team.

“Moreover, the former President Muhammadu Buhari has stated on a number of occasions that he authorised and approved the Naira redesign. I am therefore at a loss as to why Mr. Jim Obazee will mislead Nigerians that there was no presidential approval.

“The report also claimed that the sum of $6.23 million was withdrawn from the CBN vault based on a false presidential directive bearing the signature of the former President Buhari and that of the former secretary to the government of the federation (SGF), Mr. Boss Mustapha.

“About two weeks ago, Jim Obazee in company of a certain Deputy Commissioner of Police from Force CID came to Kuje to ask me questions in respect of the said document in the presence of my lawyers.

“I stated verbally and in writing that I have no knowledge of such directive from the former president and the former SGF. In fact, I told them that was the first time I would be seeing the documents. On this, I challenge Jim Obazee to publish the said documents and also the statements that I made to them.

“The final issue that I will like to respond to is the issue of the 593 accounts which were purportedly opened in different parts of the world. I state categorically that I am not involved in the opening of these accounts and I do not have knowledge of their openings. The fixed deposits in those foreign accounts are definitely outside my knowledge.

“However, let me state clearly, that the relevant departments of the CBN have the authority to carry out such activities in line with their lawful mandate within the CBN.

“I therefore join well-meaning Nigerians who have spoken on this matter and have demanded a thorough and transparent investigation of all these alleged frauds. Meanwhile, I have instructed my lawyers to immediately commence legal process to clear my name from the defamatory statements contained in the report and by extension the publications.”

Also reacting to the report, Mustapha in a statement, said: “I have no knowledge of such a directive, nor was I ever involved in any discussions or transactions regarding the alleged payment to foreign election observers,” he said.

Describing the report as a malicious ploy to damage his reputation, he said: “It claims that $6.3 million was withdrawn from the CBN vaults based on a purported ‘Presidential Directive’ bearing the signature of President Buhari. This document, unsurprisingly, has not been presented for public scrutiny.

“I demand a thorough and transparent investigation into this matter. Let the relevant authorities probe the source of these fabricated documents and expose those responsible for this malicious attempt to damage my reputation.

“I have nothing to hide and welcome any legitimate investigation that sheds light on the truth. Throughout my career in public service, I have always upheld the highest standards of integrity and ethical conduct. I have served with dedication and transparency, and my record speaks for itself.

“I will not allow this baseless and defamatory attack to go unchallenged. I will defend my reputation vigorously and ensure that the truth prevails.

“This is not just about me, it is about upholding the integrity of public service and safeguarding the reputation of those who have served this country with honour.

“I trust that the Nigerian people will see through this orchestrated attack and recognise it for what it truly is, a desperate attempt to silence a voice of reason and integrity,” he said.

Meanwhile, former Deputy Governor of CBN, Mr. Kingsley Moghalu, has denounced what he described as the media trial of Emefiele and other persons cited in the special investigator report.

Moghalu in a statement said that the leakage and circulation of the report of the special investigator, not how a report into the CBN should be handled.

Moghalu said: “I have seen in the mainstream media and floating around on social media including Whatsapp, a report purported to be that of the CBN Special Investigator appointed by President Tinubu. I have some comments on this development.

“The “report” has no signature appended, so we can’t assume it is the real and official report.

“Assuming it is in fact the real report, it’s wrong for such a sensitive report to have “leaked” to the public before the President and his government have reviewed and spoken to it.

“This is because the “report” talks of “chargeable offenses” and mentions specific individuals it recommends being prosecuted in addition to Emefiele. This is a media trial and prejudices the rights of these individuals named or referred to. This is NOT how a report into the Central Bank of Nigeria should be handled.

“The central bank of any country is a very sensitive institution, and confidence (or the lack of it) in the institution has practical consequences on the ground for Nigeria’s economy.

“As much as the Bank and its leaders ought to be accountable for their official actions, we must consider the continuing damage this kind of sensationalism (which, knowing our country, nothing much is likely to come of it at the end of the day) does to Nigeria’s economy, image, and the institution of the CBN itself. When it comes to law, allegations are simply allegations unless and until proven in a court of law.”

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List Of Exotic Vehicles Allegedly Procured By Ex-CBN Governor, Emefiele

The Economic and Financial Crimes Commission (EFCC) has accused Godwin Emefiele, the embattled former Governor of the Central Bank of Nigeria (CBN), of procurement fraud.

The former apex bank boss was accused by the anti-graft agency of procurement fraud over an N1.2bn contract for 43 vehicles.

Emefiele was accused of using his position to confer a corrupt advantage on Yaro by awarding a contract for the procurement of 43 vehicles worth N1.2 billion between 2018 and 2020.

Emefiele, who showed up in the courtroom around 10 am, was thereafter arraigned on Friday at the Federal Capital Territory High Court in Abuja on a six-count charge.

The former CBN Governor, who pleaded “not guilty” to the amended charge, was dressed in a light blue traditional outfit.

He was later remanded at the Kuje correctional facility pending a ruling on his bail application on November 22.

The Federal Government had reduced the criminal charges preferred against the former apex bank governor to six.

Although the amended charge marked CR/577/2023 still borders on procurement fraud, the counts were reduced with Emefiele as the sole defendant.

Below are the list of 43 vehicles allegedly bought by Emefiele.

1. 37 Toyota Hilux vehicles: N854.7m

2. One Toyota Avalon: N99.9m

3. One Toyota Landcruiser V8: N73.8m

3. Two Toyota Hilux Shell: N44.2m

4. Two Toyota Landcruiser VXR V8: N138m.

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Video of Emefiele Geing Moved To Kuje Prison

A video has surfaced online showing former Central Bank Governor, Godwin Emefiele being moved to the Kuje Correctional Centre.

He was moved to Kuje Prison after Justice Hamza Muazu of the High Court of the Federal Capital Territory, FCT, Abuja, earlier today November 17 ordered that he be remanded in Kuje prison pending the determination of his request for bail.

The Federal Government arraigned Emefiele on a six-count charge bordering on alleged procurement. The original charge, which was 20 counts to the tune of N6.5 billion, has been reduced to six, to the tune of N1.6 billion. Emefiele is the only defendant in the new charge. According to the amended charge sheet, the charges still border on procurement fraud.

The Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion. He was also accused of awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.

When the charges were read to him, he pleaded not guilty.

Emefiele will remain in Kuje prison until November 22 when his bail motion will be heard.

Watch the video of him being escorted out of court to a waiting vehicle that will take him to Kuje prison:

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BREAKING: EFCC Fails To Produce Ex-CBN Gov, Emefiele In Court

The Economic and Financial Crimes Commission (EFCC), failed to produce Godwin Emefiele, the embattled former Governor of the Central Bank of Nigeria (CBN), at the Abuja High Court on Monday, November 6.

Emefiele was not produced in court despite an order of a trial judge, Justice Olukayode Adeniyi for EFCC to produce him in court for hearing of his motion on fundamental rights enforcement.

Justice Adeniyi had last week ordered the anti-graft agency to release the former CBN governor unconditionally or produce him in court for the hearing of a motion determining his bail.

This follows his arrest by the EFCC shortly after his release from the custody of the Department of State Services (DSS) in late October.

The court has now adjourned till Wednesday, November 8 for a hearing of Emefiele’s motion on notice and for his counsel to provide additional documents.

It also restated its November 2 order for Emefiele’s unconditional release, or to produce him in court on Wednesday.

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Tinubu, EFCC Given 7-day Ultimatum To Release Emefiele

President Bola Tinubu has been given an ultimatum to release embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, from the Economic and Financial Crime Commission’s (EFCC) custody.
Convener of the Coalition of Civil Society for Defence of Human Rights, Yusuf Maje gave the 7-day ultimatum in Abuja on Thursday.
The group described the arrest of Emefiele by EFCC as unreasonable and a show of overzealousness.
They subsequently gave President Bola Tinubu a seven-day ultimatum to release Emefiele or charge him to court.
Recall that Emefiele was taken into custody by the EFCC immediately after his release from the Department of State Service (DSS) on October 25.
Reacting to the development, Maje said Emefiele’s travails in the hands of President Bola Ahmed Tinubu’s administration are a witch hunt.
According to him, “We submit that his further arrest amounts to double jeopardy. It is overzealousness by EFCC and a waste of government-scarce resources to subject an innocent citizen to such an ordeal just “to teach him a lesson”. Public members are worried that EFCC has allowed itself to be used as an instrument of oppression rather than the anti-corruption agency that it ought to be.
 
“We state authoritatively that the tossing of Godwin Emefiele like a football in the field from one government agency to another in the name of investigation is unacceptable and will be frontally resisted. We reject this Gestapo way of doing things because Nigeria is no longer under a military junta where the rights of innocent citizens can be abruptly suspended. Granted that President Tinubu is doing everything possible to rid the country of corruption and reposition the same on the path of economic growth and sustainable development through his Renewed Hope Agenda.
 
“On a final note, we hereby demand that Godwin Emefiele should be released from EFCC detention or charged to court Within the Next seven from today. In the unlikely event that this demand is not met, then the Federal Government will have the overwhelming population of our Coalition to contend with across the country.”
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Arrest Warrant: Court Gives Emefiele January 25 to Appear Over $53m Debt

Former Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has been given until January 25 to appear in court to explain circumstances surrounding the $53 million-judgment debt arising from the Paris Club refund.
A Federal High Court in Abuja presided by Justice Inyang Ekwo, in a short ruling on Tuesday, gave Emefiele another opportunity to appear in court in person or an arrest warrant issued against him.
The development followed a plea by Emefiele and CBN’s counsel, Audu Anuga, SAN, that all efforts to ensure that his client appeared in person on the order of the court were unsuccessful as he was still in custody.

Anuga informed the court that an affidavit to show cause on why arrest warrant should not be issued against Emefiele was filed on October 30.
Justice Ekwo then asked I.A. Nnana, the lawyer who represented Mr Joe Agi, SAN, the judgment creditor/applicant in the suit, if he had been served with the affidavit.
Nnana responded that they were served on Monday, almost at the close of work and that they would like to react.
The judge, who cautioned Anuga against late filing of processes, reminded that the matter came up on July 19.
The senior lawyer, however, explained that all efforts were made until Friday (Oct. 27) to ensure that Emefiele was released on order of the court but the order was not complied with, which necessitated the filing of the affidavit.
Anuga, however, told the court that since parties had been exploring settlement before and the CBN had a new governor, they should be allowed to explore settlement option.
But Justice Ekwo insisted that Emefiele must appear on the next adjourned day.
 
“As for the 4th respondent (Emefiele), I have always said, contempt proceedings follow a person whether the person Is still there or not.
 
“In this case, I have given this particular person so much liberty, so much leniency and the situation does not seem to change.
 
“I will adjourn the matter because the other side says they want to react to the process so there is no much talk.
 
“Order of court must be complied with and even if no one complies with the order of the court, the court must comply with its order.
 
“I will give you sufficient time,” he said.
The judge, consequently, adjourned the matter until Jan. 25 for Emefiele to show cause why an arrest warrant should not be issued against him.
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BREAKING: Drama As EFCC Arrests Ex-CBN Governor, Emefiele Immediately After His Release By DSS

The former Governor of the Central Bank of Nigeria, Godwin Emefiele, briefly regained his freedom on Thursday night after he was released by the Department of State Services (DSS).

However, according to SaharaReporters, it was learnt that Emefiele who had been in DSS custody since June 9, was picked up immediately by the anti-corruption agency Economic and Financial Crimes Commission (EFCC).

“Emefiele regained his freedom last night but he was immediately picked up by operatives of the Economic and Financial Crimes Commission,” a top security source told SaharaReporters on Thursday.

It was learnt that the Presidency directed the EFCC to take over the case.

The DSS arrested Emefiele in June, on the same day President Bola Tinubu, suspended him from office with immediate effect.

SaharaReporters had reported that Emefiele was suspended “sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.”

A release by Willie Bassey, the Director of Information, for the Secretary to the Government of the Federation, George Akume, has also said, “Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.”

SaharaReporters in February reported how the DSS attempted to arrest Emefiele when Muhammadu Buhari was Nigeria’s president, but the then-Chief of Defence Staff, Gen Lucky Irabor, shielded him by providing soldiers to guard his residence and office.

The DSS had said it intensified its investigations in order to arrest and prosecute Emefiele, on allegations of terrorism financing and fraud.

SaharaReporters had also reported that Emefiele was set to be released from detention by the DSS after entering into plea bargaining with President Bola Tinubu’s administration.

SaharaReporters had gathered that the non-prosecution plea bargain for Emefiele was premised upon the former governor’s willingness to return N50 billion which he had corruptly amassed.

Emefiele and his associates were set for arraignment on N6.9 billion procurement fraud at the Federal Capital Territory High Court in August but the arraignment was stalled.

Sources had told SaharaReporters that Emefiele’s arraignment was stalled because the Attorney General of the Federation, Lateef Fagbemi (SAN) was awaiting Tinubu’s approval for it after signing the non-prosecution plea bargain. President Tinubu was out of the country at the time.

Emefiele faced 20 counts of conspiracy and procurement fraud levelled against him by the Nigerian government.

“The exclusive deal has been finalised awaiting Tinubu’s order. Tinubu is expected back in Nigeria this weekend after a medical visit to France. The DSS traced N72 billion to a series of accounts which Emefiele had planned to use for his presidential run. Also, $70 million he hid with a couple who specialised in helping him to do round-tripping was discovered,” a top source had revealed to SaharaReporters.

However, the spokesperson for the Ministry of Justice, Modupe Ogundoro, denied the existence of any non-prosecution plea bargain involving Emefiele.

Ogundoro said though the legal team representing Emefiele had expressed its intention in court at the last hearing to initiate a plea bargain arrangement, no such agreement existed between the office of the AGF and the former CBN governor.

On Wednesday, the detained former Chairman of Nigeria’s anti-corruption agency, EFCC, Abdulrasheed Bawa, was also released by the DSS.

Bawa was released 134 days after he was detained by the secret police without trial.

Bawa was arrested and detained by the DSS on June 14, 2023, following an invite.

The invite followed allegations of abuse of office shortly after he was suspended by President Tinubu.

SaharaReporters reported earlier on Wednesday Bawa had sued the DSS, also known as the State Security Service (SSS), for his continued incarceration without trial.

Bawa in the suit filed at the Lagos Division of the Federal High Court for the Enforcement of Fundamental Rights, brought by one Barrister Chinedu Oburu of Edu Oburu & Co. on his behalf, sought an order of the court to declare his detention without trial as illegal and to direct his immediate release.

The suit marked FHC/CS/2108/23 between Abdulrasheed Bawa as Applicant and SSS (DSS) as Respondent was brought Pursuant to Order 11 Rules 1, 2 and 3 of the Fundamental Rights (Enforcement Procedure Rules 2009, Sections 35(1)(4)(a), (5)(a)(b), 41(1), 46 of the 1999 Constitution as amended and under the inherent jurisdiction of the honourable court.

In the suit filed on October 20, 2023, the former EFCC chairman sought the following orders:

“A Declaration that the continued detention of the Applicant from June 14, 2023 till date without Arraignment or Criminal prosecution is a fragrant abuse and violation of his fundamental rights to freedom, liberty and personal dignity.

“An Order directing the Respondent to immediately release the Applicant from custody.

“And for further or other Orders as the Court may deem fit to make in the circumstances.”

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Court Fixes Aug 15 To Hear Case On Emefiele’s Detention

The Federal High Court has fixed August 15 to hear applications regarding the custody of Godwin Emefiele the suspended governor of the Central Bank of Nigeria (CBN).

The presiding judge, Nicholas Oweibo on Thursday adjourned the hearing of the applications filed by the federal government and counsels to Emefiele.

Emefiele on the 25th of July was arraigned on a two-count charge bordering on “illegal possession” of firearms at a federal high court in Ikoyi and was granted bail in the sum of N20 million.

The Judge in his ruling ordered that Emefiele be kept in the custody of the Nigeria Correctional Service (NCoS) pending the fulfillment of his bail conditions.

However, the Department of State Services (DSS) insisted that Emefiele must return to its custody.

The development led to a face-off between the secret police and prison officials. After the face-off, DSS rearrested Emefiele on the court premises.

The Secret Service proceeded to file an application before a high court of the federal capital territory seeking to further detain Emefiele.

The application was struck out after it was withdrawn by the service over jurisdictional concerns.

The Federal Government on the 3rd of August filed an application before the federal high court in Lagos, seeking leave to appeal the order granting bail to Emefiele.

In the application filed by a deputy director of public prosecutions of the federation, Nkiru Jones-Nebo, the federal government also sought a stay of execution of the order remanding Emefiele in the custody of the NCoS.

The federal government wants the court to remand Emefiele in the custody of the DSS.

In the application filed by Emefiele’s counsels, they asked the court to restrain the federal government from further prosecuting their client.

They said the federal government is in “brazen disobedience” of the subsisting orders of the court granting Emefiele bail on July 25.

During proceedings on Thursday, K.A. Fagbemi, the prosecuting counsel, asked the court to hear the federal government’s application seeking a stay of execution of the court order on Emefiele’s bail.

Fagbemi said the federal government filed its application first and served it on the defence counsels on August 4.

The counsel to Emefiele, Victor Opara in his response said priority should not be given to the federal government based on the time of filing since the court order was disobeyed.

Opara argued that the applications of both parties should be entertained on the same day.

He added that the federal government has nothing to lose since the defendant is in its custody.

After listening to both arguments, the judge ruled that the applications filed by both parties will be heard on August 15.

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Emefiele Moves To Stop FG From Further Prosecution

An application has been filed by Godwin Emefiele, the suspended Central Bank of Nigeria (CBN) governor, to stop the Federal Government from further prosecuting him on the charge of illegal firearm possession and ammunition.

Emefiele, through his lawyers led by Joseph Daudu (SAN), filed the application to Justice Nicholas Oweibo of the Federal High Court in Lagos, who granted him bail.

Emefiele’s application was filed on Tuesday, Aug 8, and has been served on the federal government on Wednesday, August 9.

He is also seeking an order of the court discharging him of all offenses prosecuted by the Government who is in “brazen disobedience” of the subsisting orders of the court granting him bail on July 25, 2023.

Emefiele also asked for a further order prohibiting the FG from continuing to enjoy any form of indulgence from the courts except and unless it complies with the bail ruling.

He asked the court to stay further proceedings in the present charge until he exhausts all the remedies available to him in law to compel the government and the DSS to obey the order of the court admitting him to bail or remanding him in the custody of the Nigerian Correctional Centre until he perfects his bail terms.

The applicant also says that the processes seeks to preserve and protect the efficacy, majesty and integrity of the court as well as the rule of law in our democracy.

Recall that the federal Government, last week, filed an application before the court seeking leave to appeal against the order granting bail to the suspended CBN governor.

In the application filed by a deputy director of public prosecutions of the Federation, Nkiru Jones-Nebo, the government also asked the court to stay the execution of the order remanding Emefiele in the custody of the Nigeria Correctional Services and to make an order remanding him instead in the custody of the DSS.