Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Ethereum Gains 9% as Bitmine Immersion Tech. Boosts Holdings

    June 15, 2026

    AFC Backs Dangote Fertiliser Expansion with $600m Loan

    June 15, 2026

    XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow

    June 15, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Ethereum Gains 9% as Bitmine Immersion Tech. Boosts Holdings
    • AFC Backs Dangote Fertiliser Expansion with $600m Loan
    • XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow
    • Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable
    • Money Market Rates Mixed as Banking System Liquidity Dips
    • CBN to Open N1trn Worth of Treasury Bills for Subscription
    • CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs
    • Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows
    • Home
    • About Us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 15
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Emefiele Asks Court to Foreclose Prosecution if it Fails to Produce Witnesses

    Emefiele Asks Court to Foreclose Prosecution if it Fails to Produce Witnesses

    Ogooluwa AremuBy Ogooluwa AremuApril 27, 2026 News No Comments4 Mins Read
    Emefiele Asks Court to Foreclose Prosecution if it Fails to Produce Witnesses
    Godwin Emefiele, Ex CBN Governor
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Emefiele Asks Court to Foreclose Prosecution if it Fails to Produce Witnesses

    A former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged an Abuja High Court to foreclose the prosecution in his ongoing trial if the EFCC fails to produce its witnesses on Tuesday.

    Emefiele’s counsel, Matthew Burkaa SAN, made the application for the foreclosure of the prosecution after the prosecution counsel, Rotimi Oyedepo SAN, told the court that he was not sure of bringing his two witnesses on Tuesday.

    Oyedepo informed the court that the prosecution is yet to obtain the subpoena from the court, and the witnesses live outside the court’s jurisdiction.

    Emefiele is charged with criminal breach of trust, forgery, abuse of office, conspiracy to obtain by false pretence, and obtaining money by false pretence while serving as CBN governor.

    The EFCC alleged that Emefiele obtained by false pretence the sum of 6.3 billion dollars, purportedly meant for international election observers for the 2023 general election.

    He, however, pleaded not guilty to the charges preferred against him. At the resumed hearing on Monday, Mr Chinedu Eneanya, Assistant Commander II in the EFCC, was called to testify as the 13th prosecution witness (PW 13)

    Emefiele ‘ counsel frowned at bringing another Investigative officer (IPO) because the witness was going to testify on the same things others had said.

    He also drew the attention of the court to what the prosecution told the court about bringing its last witness.

    ” We understand their strategy. It seems that they are ridiculing the court. All the same, we are ready to go on.”

    When the court asked the prosecution to say how many more witnesses he was bringing, counsel said two more, Jim Obessa and CP Eloho Okpozikbo.

    The Court then asked the prosecution to bring all their witnesses between Monday and Tuesday. In his evidence in- chief, the witness Chinedu Eneanya told the court that his team was assigned to investigate the matter.

    ” The investigation revealed that the money was removed from the coffers of the CBN for a purported funding of the foreign observer of the 2023 election.”

    He told the court that those connected with the movement of the fund were interviewed. The witness said documents were recovered from the CBN for the release of the money.

    Eneanya told the court that the investigations also revealed that the signatures of the then President, late Muhammadu Buhari, and then Secretary to the Federal Government (SGF), Boss Mustapha, were forged to collect the money.

    He said a forensic examination was carried out on the signatures. During cross-examination by Burkaa, counsel to Emefiele, the witness said forensic examination was not carried out on Emefiele ‘s signature, though he (Emefiele) alleged his signature was forged.

    He said five officers of CBN signed the internal memo, none of them is standing trial but were suspended by CBN.

    The witness told the court that he was not the officer who took Emefiele ‘s statements. Burkaa complained to the court about the attitude of the witness.

    ” It showed he(witness) is not a witness who tells the truth and that his entire testimony should be taken with a pinch of salt.”

    ” If the witnesses do not come tomorrow, we will apply that they should be foreclosed. Justice is both for the prosecution and the defendant.

    ” This is an antic for the prosecution to put maximum hardship on the defendant, please let it be on record that the prosecution has several brought out this scenario,” he said.

    Responding, Oyedepo told the court that he was not there to be a clog in the case. Oyedepo prayed the court to refuse the application and not shut the doors against the prosecution.

    ” It is another way they desire to shut the prosecution from giving evidence. Justice Hamza Muazu advised parties to reserve their arguments until their final addresses and that Oyedepo should go to the court Registrar for the signing of the subpoena. Justice Muazu then adjourned until Tuesday for the continuation of the trial. #Emefiele Asks Court to Foreclose Prosecution if it Fails to Produce Witnesses#

    Emefiele: Banks Hoarded Redesigned Naira – EFCC Witness

    EMEFIELE
    Ogooluwa Aremu
    • Website

    Ogooluwa Aremu is a business journalist at MarketForces Africa covering Nigeria's energy sector, macroeconomic policy, African continental affairs, cryptocurrency markets, and foreign exchange developments.His reporting spans Nigeria's oil and gas regulatory landscape, including coverage of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria International Energy Summit, and the downstream deregulation reforms reshaping Nigeria's petroleum sector. He also reports general market, Nigeria's fiscal reforms, World Bank and IMF engagements with Nigeria, and President Tinubu's economic policy initiatives.Ogooluwa covers Africa-wide developments through MarketForces Africa's Inside Africa desk, reporting on the African Union summits, continental economic policy, and cross-border developments affecting investment and trade across Sub-Saharan Africa.His cryptocurrency and forex market coverage tracks major digital assets, including Bitcoin, Ethereum, and Ripple, alongside. Nigeria's interbank FX market movements. He has covered major stories, including the African Union's 39th Ordinary Session in Addis Ababa, Nigeria's N6 trillion fuel import savings from deregulation, and the World Bank's assessment of Nigeria's economic reform programme. Ogooluwa Aremu is based in Lagos, Nigeria.

    Keep Reading

    Ethereum Gains 9% as Bitmine Immersion Tech. Boosts Holdings

    AFC Backs Dangote Fertiliser Expansion with $600m Loan

    XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow

    Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable

    Money Market Rates Mixed as Banking System Liquidity Dips

    CBN to Open N1trn Worth of Treasury Bills for Subscription

    Add A Comment

    Comments are closed.

    Editors Picks

    Ethereum Gains 9% as Bitmine Immersion Tech. Boosts Holdings

    June 15, 2026

    AFC Backs Dangote Fertiliser Expansion with $600m Loan

    June 15, 2026

    XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow

    June 15, 2026

    Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable

    June 15, 2026

    Money Market Rates Mixed as Banking System Liquidity Dips

    June 15, 2026
    Latest Posts

    Ethereum Gains 9% as Bitmine Immersion Tech. Boosts Holdings

    June 15, 2026

    AFC Backs Dangote Fertiliser Expansion with $600m Loan

    June 15, 2026

    XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow

    June 15, 2026

    Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable

    June 15, 2026

    Money Market Rates Mixed as Banking System Liquidity Dips

    June 15, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

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