CBN Official Reveals he Collected Over $3M in Cash for Emefiele

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Monday Osazuwa, a Central Bank of Nigeria (CBN) official, who took the witness stand against Godwin Emefiele, former CBN governor, in the ongoing trial over alleged office misuse, told court he received over $3 million in dollar for the CBN governor while in office.

Emefiele and Henry Omoile are currently facing trial on a 26 count charge. They plead not guilty to all 26 charges.

Rotimi Oyedepo, representing the Economic and Financial Crimes Commission (EFCC), called Osazuwa as the prosecution’s first witness. Osazuwa, a senior supervisor at CBN, testified about his encounters with Emefiele dating back to their time at Zenith Bank in Lagos.

Osazuwa recounted his duties as a contract worker turned employee at CBN, stating that Emefiele often tasked him with errands and messages, mainly involving cash transactions.

According to Osazuwa, he received cash in dollars from various individuals for Emefiele and delivered it to his residence in Ikoyi, Lagos. In Emefiele’s absence, Osazuwa handed over the money to Omoile.

Osazuwa detailed his interactions with a certain man, Moeit, who directed him to meet Raja Punjab, from whom he collected large sums of cash ranging from $400,000 to $1 million for Emefiele.

Raja Punjab, listed as a prosecution witness by EFCC, remains unidentified, as the agency withheld further details about him.

The charge sheet alleges that Emefiele’s co-defendant accepted $110,000 on behalf of Emefiele as a reward for allocating foreign exchange to Punjab’s employer. Furthermore, Emefiele is accused of receiving $17.3 million from Punjab related to forex allocations, without disclosing the employer’s identity.

The court agreed to hear the testimony of eight witnesses in closed session due to concerns about witness safety.

The trial is set to resume on April 29, with the presiding judge, Rahmon Oshodi, to oversee the proceedings.

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