Skip to content
August 27, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Breaking News
  • Emefiele dismisses Investigator’s report as baseless, false; insists Buhari approved naira redesign
  • Breaking News

Emefiele dismisses Investigator’s report as baseless, false; insists Buhari approved naira redesign

Admin December 24, 2023

Godwin Emefiele

Godwin Emefiele CBN Governor

PRESS RELEASE

  1. Re: EMEFIELE , OTHERS STOLE BILLIONS, ILLEGALLY KEPT NIGERIA’S FUNDS IN FOREIGN BANKS.

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 a 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 addressed 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 GCFR 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 dollars was withdrawn from the CBN vault based on a false presidential directive bearing the signature of the former president Muhammadu Buhari GCFR, 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. Infact, I told them that 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.

Godwin. I Emefiele

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Bola Tinubu CBN Godwin emefiele Jim Obazee Muhammadu Buhari Naira redesign

Post navigation

Previous Akpabio to Nigerians: Be steadfast,  your sacrifice will never be in vain
Next Wike was a ‘charge and bail’ lawyer, he has no character – Edwin Clark

Related Stories

Landmark $1B Underwriting Deal Paves Way for Record-Breaking Dangote Refinery IPO refinery
  • Breaking News
  • National News

Landmark $1B Underwriting Deal Paves Way for Record-Breaking Dangote Refinery IPO

August 18, 2026
BREAKING: Jubilation as Adeleke wins Osun election by 511,067 votes
  • Breaking News

BREAKING: Jubilation as Adeleke wins Osun election by 511,067 votes

August 16, 2026
BREAKING: Tinubu directs EFCC to vacate the court order freezing Osun account, calls Gov Adeleke
  • Breaking News

BREAKING: Tinubu directs EFCC to vacate the court order freezing Osun account, calls Gov Adeleke

August 6, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

The Nigeria Prize for Literature: Eze, Ifowodo, Oburumu in the race for $100,000
  • Society

The Nigeria Prize for Literature: Eze, Ifowodo, Oburumu in the race for $100,000

August 27, 2026
Tinubu, Sanwo-Olu, IPI Nigeria, GOCOP, others mourn Dotun Oladipo, a committed press freedom warrior
  • National News

Tinubu, Sanwo-Olu, IPI Nigeria, GOCOP, others mourn Dotun Oladipo, a committed press freedom warrior

August 27, 2026
I wept last night…Yes, I did! – Azuh Arinze 
  • Commentaries

I wept last night…Yes, I did! – Azuh Arinze 

August 26, 2026
Mammoth crowd as PDP flags off Presidential, NASS campaigns in Ogun Central
  • Politics

Mammoth crowd as PDP flags off Presidential, NASS campaigns in Ogun Central

August 26, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.