How Emefiele Moved Funds From CBN Into Wife’s Account – Witness

An Assistant Manager with Zenith Bank Plc, Mrs Ifeoma Ogbonnaya, has narrated how Mr Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), moved funds to his wife, Mrs Margaret Emefiele.

Ogbonnaya told an Ikeja Special Offences Court on Tuesday how Emefiele used the bank to move multimillion naira to his wife.

Emefiele is standing trial over abuse of office and alleged $4.5 billion and N2.8 billion fraud while in office.

Ogbonnaya, the fifth prosecution witness, was led in evidence by the Economic and Financial Crimes Commission (EFCC) Counsel, Mr Rotimi Oyedepo (SAN).

She told the court how Emefiele used Zenith Bank to transfer millions of naira in tranches to his wife through various companies.

Ogbonnaya said the companies that received the cash flow were Amswing Resources and Solution, Limelight Dimensional Service Ltd., Omec Support Service Ltd. and Mango Farm.

“Limelight manages the facilities of CBN, located at Alakija and all transactions pertaining to power and fixing things that are not working was always done by the vendors,” she said.

The witness who also doubles as a Business Relationship Manager, joined the bank in 2006.

Ogbonnaya said she never had direct dealings with the ex-CBN governor but received instructions from his wife to transfer cash from CBN into their private companies through Zenith Bank account.

She said apart from Mrs Emefiele she also received instructions from two other people, one Mr John Ogah and one Mr Opeyemi Oludimu, who worked for the Emefiele but now late.

The witness, however, said that she managed the various companies accounts through which the multimillion naira was sent to.

“Mrs Margaret Emefiele, the ex-CBN governor’s wife, is the direct beneficiary of the accounts. The companies sent transfer instructions to my email and Margaret is the beneficial owner of the accounts.

“All transactions made in the accounts were confirmed by Mrs Emefiele before they were processed. She sends transfer instructions directly to my official email address with Zenith Bank or sends two other persons to act on her behalf”