The Code of Conduct Bureau (CCB), Wednesday received a petition calling for the arrest and prosecution of the Governor of Central Bank, Mr Godwin Emefiele and two of his subordinates, on grounds of gross abuse of office.
The move is due to Emefiele “discountenancing and denigrating the promissory notes approved by the President thus breaching section 13 of the CCB Act,” the petition which was personally received by the CCB Chairman, Prof. Mohammad Isah, read.
According to the document obtained by The Union Nigeria, “Governor’s refusal to correct its position in the face of the President/Presidency’s repeated statements post-November 19, 2021 CBN letter shows the CBN Governor’s recalcitrance and unrepentant stance which can only be construed as brazen attack on the President with ulterior motives thus aggravates the act of abuse of office herein,” the Chief Executive Officer of Panic Alert Security Systems Limited, Dr George Uboh, stated.
“Consequently, we invoke all relevant portions of the Code of Conduct Act, including but not limited to section 13, and ask, based on the exigent nature of this matter, that the Code of Conduct Bureau swiftly arrest and commence the prosecution of Mr. Godwin Emefiele and the two subordinates through whom he acted, to wit: Director, Banking Services Department and Mrs. Josephine Ajala.” The petition read.
Dr. Uboh argued that that, “On September 27, 2021 the DMO heeded and complied with the President’s directive by issuing promissory notes to a) Ned Nwoko for $68,658,172:83 less N300,000,000:00 to Gregory Lar; b) Riok Nigeria Limited for $142,028,941.95, Prince Orji Nwafor Orizu for $1,219,440.45, and Barr. Olaitan Bello for $215, 195.36; c) Dr. Ted Iseghiohi Edwards for $159, 000,000:00; and d) Panic Alert Security Systems Limited for $47,831,920:00) signed by Honorable Minister of finance, witnessed by the DG, DMO.”
He said, that however, “on November 19, 2021 the CBN Governor Godwin Emefiele acting through his subordinates (director, banking services department and Josephine Ajala) boldly, clearly and unambiguously denigrated and discountenanced the promissory notes in flagrant disregard for the President’s DIRECTIVE and APPROVAL.”
“The letter, signed by Josephine Ajala, written to Keystone Bank, states in pertinent part: “we are unable to accede to your request because currently, Foreign Currency Denominated Promissory Notes are not admissible or registerable on the Scripless Securities Settlement System (S4) and as such, only Promissory Notes issued in Naira are registered and dematerialized on S4…you may wish to inform DMO accordingly.”
The Union Nigeria reports that the Paris Club Refund crisis has been running for months non stop.