Skip to content
Thursday 23 April 2026
  • Home
  • Advertise with us
  • Contact
The Frontier
Click to read
The Frontier
  • News
  • Crime
  • Politics
  • Headlines
  • Education
  • Health
  • Business & Economy
  • Sports
  • More
    • International
    • Religion
    • Entertainment
    • Info Tech
    • Matilda Showbiz
      • Gists
      • Music
      • Gossips
      • Oga MAT
      • Romance
    • Arts & Culture
    • Environment
    • Opinion
    • Features
    • Epistles of Anthony Kila
    • EyeCare with Dr Priscilia Imade
The Frontier
  • News
  • Crime
  • Politics
  • Religion
  • Headlines
  • Education
  • International
  • Business & Economy
  • Entertainment
  • Sports
  • Arts & Culture
  • Environment
  • Health
  • Matilda Showbiz
    • Gists
    • Music
    • Gossips
    • Oga MAT
    • Romance
  • Opinion
  • Epistles of Anthony Kila
  • EyeCare with Dr Priscilia Imade
  • Info Tech
  • Interview
The Frontier
Click to read
Crime
Crime

How I collected $3m for Emefiele – CBN employee

The FrontierThe FrontierApril 13, 2024 2884 Minutes read0

•Emefiele in court

An Ikeja Special Offences Court heard yesterday how the former Governor of Central Bank of Nigeria (CBN) Godwin Emefiele on different occasions used his former dispatch rider, who later became a member of the apex bank’s staff, to collect $3 million cash in tranches.

The CBN employee, Monday Osasuwa, made the disclosure while giving evidence before Justice Rahman Oshodi, reports The Nation.

Led in evidence by the Economic and Financial Crimes Commission (EFCC) prosecuting counsel, Rotimi Oyedepo, SAN, the witness said he was a dispatch rider in Zenith Bank as at 2001 before he joined CBN as a contract staff in 2014.

He said he knew Emefiele as the Managing Director of Zenith Bank while he was working as a dispatch rider in the bank before he joined him in CBN.

The witness said he was appointed a full-time employee in the position of senior supervisor in recording and filing of documents while working in the CBN Governor’s office in Lagos.

He said: “I was still working in the governor’s office while I was appointed as a full staff, and we usually communicate through WhatsApp and email.

“I perform as a senior supervisor, recording and filing with other official roles.”

Osazuwa said sometime in 2020, while he was outside Lagos, the 1st defendant called him and gave him a man’s number to call.

He said the 1st defendant (Emefiele) told him the man had something he (Osazuwa) would collect from him on his behalf.

He said the first defendant also told him that the man would give him another number of another person to call.

“When I got to the man’s office, I was given an envelope. I counted the money and he said I should give it to my boss.”

The witness further told the court that the first defendant usually collected money by himself anytime he was in Lagos.

He said anytime the 1st defendant was not around, he would tell him to give the money to the second defendant (Henry Isioma-Omoile).

Osazuwa also told the court that Emefiele used to send him to MINL Ltd when he was with Zenith Bank.

“This company is situated in Isolo. The first Defendant does send me to collect cheques from the company from Mr. Monday, and when I collected the cheque from him, I would give it back to Emefiele and he would lodge the money in Dumies Oil and Gas account.”

According to him, Emefiele’s co-defendant, Isioma-Omoile, lived in the residence of the former CBN governor.

He stated that when he collects money for his boss, he takes it to the latter’s residence at Iru Close, Ikoyi.

“Whenever I received the money and took it to my boss’ residence, Mr Emefiele would tell me to give it to the second defendant whenever he was not at home,” he said.

The witness however told the court that he did not keep record of the transactions because the instruction the 1st Defendant gave him was that he should collect the money and take the money to his house.

“The highest amount I collected was $1 million all in cash, and some weeks later, the businessman also gave me $850,000, $750,000 and $400,000 cash in tranches.

“I have never been rewarded, paid or given anything, because I am doing it out of faithfulness, and he knows it but he never for once said ‘take this’.”

Under cross-examination by the Defence Counsel, Mr Abdulakeem Labi-Lawal, the witness confirmed to the court that he had been working with the defendant since 2002.

The witness could not say the precise years or months he had seen the second defendant, but he was sure that Isioma-Omoile had been living in Emefiele’s house for some months.

According to the witness, Emefiele passed instructions to him through the 2nd Defendant, adding that he had been collecting cheques for Dumies Oil and Gas.

He, however, told the court when he was made to confront the second defendant during investigation but that the 2nd defendant failed to admit it.

“I started collecting cheques for Dumies Oil and Gas when I was in Zenith Bank.

“I cannot calculate the exact year I have been collecting the cheques, but it all started when the first defendant was the MD at Zenith Bank and I was working at Zenith Bank,” he said.

Earlier during proceedings yesterday, Justice Oshodi granted bail in the sum of N50 million to the embattled former CBN Governor.

Justice Oshodi, in a ruling, admitted Emefiele to N50 million bail with two sureties in like sum.

Oshodi ordered that the sureties must be gainfully employed and must have made three years tax payment with the Lagos State Government.

He also said that the sureties must show proper identification and must be registered in the Lagos State Bail Management System.

The judge said he was satisfied with the bail conditions of N1 million earlier given to Emefiele’s co-defendant, Isioma-Omoile, who is facing another charge before Justice Olufunke Sule-Hamzat at a Yaba High Court.

Oshodi, however, said that the bail documents must be transferred to special offences court and it must also be registered in the Lagos State Bail Management System.

The judge adjourned the case until April 29 for trial and hearing of application for closed section.

The Economic And Financial Crimes Commission (EFCC) had on April 8 arraigned Emefiele on a 23-count charge bordering on abuse of office, accepting gratifications, corrupt demand, receiving property fraudulently obtained and conferring corrupt advantage, while his co-defendant was arraigned on a three-count charge bordering on acceptance of gift by agents.

The defendants, however, pleaded not guilty to the charge.

Tags
CBNcollectedEmefieleemployee
FacebookTwitterWhatsAppLinkedInEmailLink
Previous post Again, Leicester’s promotion hopes hit by defeat at Plymouth
next post NNPP: Change of logo followed due process – South West leaders
Related posts
  • Related posts
  • More from author
Crime

Fugitive wildlife trafficker arrested after 5 years on the run

April 23, 20260
Crime

Gunmen kill female Man O’War officer in highway ambush

April 22, 20260
Crime

ALLEGED COUP: Former Governor Sylva, others charged over plot to overthrow Tinubu •FULL LIST

April 22, 20260
Load more
Read also
Inside Akwa Ibom Today

inside the Hill top newspaper

February 9, 20250
News

Nigeria’s ambassador-designate dies before assumption of office

April 23, 20260
Headlines

Nigerian officials involved in killing of Christians, says US Senator Ted Cruz

April 23, 20260
News

ALLEGED COUP: Suspects plead not guilty, remanded in DSS custody

April 23, 20260
Headlines

2027 elections: Suspense as Supreme Court delays PDP, ADC judgement

April 23, 20260
International

$500,000 fraud: Nigerian, wife risk 50 years in US prison

April 23, 20260
Health

10 residents isolated in Cross River after fresh COVID‑19 case linked to Chinese national

April 23, 20260
Load more

inside the Hill top newspaper

February 9, 2025

Nigeria’s ambassador-designate dies before assumption of office

April 23, 2026

Nigerian officials involved in killing of Christians, says US Senator Ted Cruz

April 23, 2026

ALLEGED COUP: Suspects plead not guilty, remanded in DSS custody

April 23, 2026

2027 elections: Suspense as Supreme Court delays PDP, ADC judgement

April 23, 2026

$500,000 fraud: Nigerian, wife risk 50 years in US prison

April 23, 2026

inside the Hill top newspaper

0 Comments

Nigeria’s ambassador-designate dies before assumption of office

0 Comments

5 burnt to death scooping fuel from fallen tanker

0 Comments

Naira slumps further as dollar scarcity bites harder

0 Comments

BREAKING: Appeal Court sacks Senate Minority Leader, orders election rerun

0 Comments

Again, Trump fined $10,000 for violating gag order

0 Comments

Follow us

FacebookLike our page
InstagramFollow us
YoutubeSubscribe to our channel
WhatsappContact us
Latest news
1

inside the Hill top newspaper

February 9, 2025
2

Tinubu, Atiku meet in Abuja

October 25, 2024
3

JUST IN: Governor Fubara to address Rivers residents in statewide broadcast today

September 19, 2025
4

Recruitment: Nigeria needs mentally mobile police officers — PSC Chair Arase

January 31, 2024
5

NYSC begins payment of N44,000 arrears to Corps members

June 4, 2025
6

G20 leaders gather to discuss wars, climate, Trump comeback

November 18, 2024
Popular
1

inside the Hill top newspaper

February 9, 2025
2

11-year-old boy drowns in hotel swimming pool

May 1, 2024
3

Niger Delta youths reject Tinubu’s Tax Reform Bills

December 4, 2024
4

World Teachers’ Day: FG reaffirms commitment to teachers’ welfare, recognition

September 30, 2025
5

Lookman scores on debut to help Atletico to Copa Del Rey semis

February 6, 2026
6

UNCOVERED: Health benefits for women who have sex at least once weekly

June 14, 2025

About The Frontier

The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

Most viewed

inside the Hill top newspaper

February 9, 2025

45 killed as bus plunges off South Africa bridge

March 29, 2024

JUST IN: Motorcyclist dies, passenger injured in Dangote truck collision

October 23, 2024

Tinubu not in France to see doctors – Presidency

April 14, 2025

Ojude Oba: When culture meets style, connects generations •PHOTOS

June 10, 2025
Top posts

Categories

  • News4470
  • Politics3917
  • Crime3802
  • International2661
  • Sports2195
  • Business & Economy2078
  • Headlines2043
  • Education1217
  • Matilda Showbiz868
  • Health772
  • Entertainment710
  • Africa436
  • Religion431
  • Environment313
  • Special257
  • Arts & Culture226
  • Hunger protests in Nigeria224
  • Info Tech210
  • Interview174
  • Inside Akwa Ibom Today164
  • Opinion144
  • EyeCare with Dr Priscilia Imade113
  • Advert30
  • Epistles of Anthony Kila19
  • Trends16
  • Local News4

© 2026 The Frontier, Published by Okims Media Links Limited.

designed by winnet services

  • Home
  • Advertise with us
  • Contact