Ex-CBN Gov., Emefiele in alleged money laundering involving wife’s account

Fresh report have shown that embattled Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN) was involved in alleged high level of corruption, nepotism, favoritism and gross abuse of office while he reigned supreme as the Governor of the apex-bank.

According to a report by Secrets Reporters, Emefiele allegedly laundered money through a company registered in the name of his wife and other members of his family.

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According to the report, the company, Maggo Farms Limited was registered on October 18th 2018, with RC number 1533205 and address as 33, Ikorodu crescent, Dolphin Estate, Lagos State. Those listed as directors and shareholders are; Magaret Emefiele Dunbiri, Ucheonye Anthony Mary, Godwin Emefiele Pammichukwu Junior and Andrew Emefiele Andres Olisehike.

Even though the suspended CBN Governor’s wife claimed to have registered the Maggo Farms Limited in 2018, she actually registered the company on 19th May 2014, few months after the husband was named the substantive CBN Governor with the name, Maggo Farms. Findings revealed that instead of using her name, she used one Oriekose Augustine as the director. She added another director with the same name but twisted it this time as Oriekose Oriekose Augustine as the second director. Ironically, the Maggo Farms has same 33, Ikorodu crescent, Dolphin Estate, Lagos State as its registered address in CAC with RC number 2301316.

Meanwhile, in Maggo Farms Limited website (www.maggofarms.com), the about us section confirms our report that “Maggo farms had been in existence since the February 2015”, thus confirming that the one bearing Augustine as director is owned by the Emefiele family.

Investigations revealed that this same Maggo Farms which is a business name with the Emefieles as beneficial owners was what they consistently used to collect the CBN Anchor borrowers fund. The account used in accessing the funds is 1014400833 with Zenith Bank. The phone number attached to the bank statement to receive alerts is 08179…….. This number incidentally is registered to Mrs. Margaret Emefiele.

Similarly, documents revealed that on 5th October 2021, the embattled CBN Governor’s wife secretly registered a company in the United Kingdom, which is not included in CCB asset declaration form. The company named Coats Investment Group Limited has her and two others namely, Albert Kwabena Williams and Dan Wangi as directors. It has company number 13662708 and registered address as Flat 3, Dexter Court, Diary close, London, SW6 4HA, England.

The online newspaper said it also unearthed how the ex-apex bank chief exercised impunity by collecting double money for himself and his wife from the CBN.

On November 11, 2020, Godwin Emefiele was paid the sum of N16,181,850 from CBN account into his Zenith Bank account number 2020000064. It was titled ‘Board holiday pay for self to USA’. On the same day, another N16,181.850 was paid into the same Zenith Bank account belonging to Godwin Emefiele but this time, titled as ‘Board holiday for spouse to USA’.

In another incriminating document, Secrets Reporters reports that despite collecting salaries from CBN, Emefiele received payments from the Nigerian Security Printing and Minting. One of such payments was made on 15th December 2020 to the tune of N9,988,000.

Further findings revealed that that Emefiele entrenched NEM Insurance where his younger brother, George Augustine Emefiele is DGM (Marketing) as the major insurance company in CBN/NSPM.

Some of the payments made to the insurance company under Emefiele’s instruction are; on 5th March 2020, the CBN under Emefiele paid NEM Insurance N31,496,300. On the same day, Emefiele ordered another payment of N135,628,125 from CBN account into NEM Insurance. NSPM on 3rd February 2020 also paid the insurance company N11,340,355. On 31st December 2020, NSPM also paid N31,479,123 while CBN on 10th November 2020 paid N17,938,375 to the company.

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