By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
VEO NewsVEO News
Notification Show More
Latest News
NNPC, Dangote reaffirm commitment to healthy competition
May 9, 2025
Olubadan suspends two chiefs over land grabbing
May 9, 2025
Oyo begins demolition of shanties, illegal structures
May 9, 2025
Tinubu’s hitch-free visit confirms Anambra is safe — Police
May 9, 2025
France, Poland To Seal Alliance With Strategic Treaty
May 9, 2025
Aa
  • Nigeria
  • World
  • Sports
  • Business
  • Editorial
Reading: EFCC witness: Emefiele didn’t confer corrupt advantage on himself
Share
Aa
VEO NewsVEO News
  • News
  • Metro
  • Entertainment
  • Technology
Search
  • Home
    • Home News
  • Categories
    • Technology
    • Entertainment
    • Metro
    • News
    • Health
  • Bookmarks
    • My Bookmarks
Have an existing account? Sign In
Follow US
VEO News > Blog > Hot Stories > EFCC witness: Emefiele didn’t confer corrupt advantage on himself
Hot Stories

EFCC witness: Emefiele didn’t confer corrupt advantage on himself

Editor
Last updated: 2024/03/11 at 2:52 PM
Editor Published March 11, 2024
Share
SHARE

EFCC/ ICPC WITNESS ADMITS : EMEFIELE DID NOT CONFER CORRUPT ADVANTAGE ON HIMSELF.
In continuation of the Emefiele Trial, the EFCC on March 11,2024, presented Mr Micheal Agboro , a Director of ICPC as witness in the trial. Under cross examination by Mathew Burkaa , the defendant’s Lead Counsel, the ICPC witness admitted Emefiele did not confer any unfair, corrupt advantage on himself because he was not a director or shareholder or an account signatory in April1616 limited and Architekon Nigeria limited and also because there is no evidence of any payment made to Emefiele by these companies in the course of performing his duties at the CBN. He therefore admitted that the defendant did not enjoy any financial benefits from the jobs awarded. Mr Agboro, further confirmed that he did not visit the contract sites to verify if the jobs were done. He also confirmed that he was not aware of the contract / procurement processes in the CBN, though evidence presented during the investigations reveal that the contracts were duly executed by the contractors and completion certificates issued. Upon being questioned if he thought it was wrong for payments to be made to the contractors after jobs had been completed, Mr Agboro confirmed that it was not inappropriate to make such payments. As regards Procurement Procedures in CBN, the witness admitted that he was aware that the CBN has the Major Contracts Tenders Committee (MCTC) and the COG that awards contracts based on their approval limits. He therefore confirmed that he was aware that the vetting,, of companies , review, and award of contracts is handled by the Procurement department and the MCTC . He confirmed further that he is aware that the Governor of the CBN is not a member of the department and MCTC. The witness further confirmed that , in the course of the investigation, the team did not see any documents/ official communication where the Governor directed any person or department to award any jobs to any company.
Upon further cross examination regarding the number of people that treats a document for a final award of contracts, the witness confirmed that there are up to 10 persons that minutes on a contract document; whereas only the defendant, out of 10 that is standing trial.

You Might Also Like

Tinubu Seeks Senate Confirmation for Boards of Regional Development Commissions

Top 15 Things You Should Know About the New Head of the Catholic Church, Pope Leo XIV

Bill Gates to Donate 99% of $200B Fortune, Wind Down Gates Foundation by 2045

Akpabio Warns Obi Over “Divisive” Remarks As War Of Words Escalates

Senate Passes Final Two Tax Reform Bills, Completes Legislative Package

Editor March 11, 2024
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

© VEONews | All rights reserved. Developed by Digit Wharehouse

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?