The former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has allegedly refunded a staggering N4 trillion to the Federal Government — funds reportedly misappropriated during his tenure at the apex bank.
According to a source familiar with the ongoing investigation, Emefiele not only returned the massive sum but also relinquished ownership of six banks allegedly linked to him.
In a related revelation, the source disclosed that a former CBN Deputy Governor, Tunde Lemo, has also purportedly refunded $500 million in embezzled public funds.
However, perhaps the most startling discovery was that of $275 million found in the bank account of a six-year-old boy, reportedly the son of Sabiu “Tunde” Yusuf, a Personal Assistant to former President Muhammadu Buhari.
Investigators also traced N1.5 trillion to Yusuf’s personal bank account, further deepening concerns about the scale of financial misconduct during the previous administration.
The source explained:
“The Special Investigator, Jim Osayande Obazee, and his team uncovered $275 million in a new generation bank account belonging to the six-year-old son of Sabiu Yusuf. Another N1.5 trillion was traced directly to Yusuf himself, who was one of the most influential figures in the Buhari administration.”
It was further alleged that President Bola Ahmed Tinubu is currently in discreet negotiations, through intermediaries, to facilitate the return of the funds while minimizing public exposure.
The National Security Adviser (NSA), Nuhu Ribadu, had recently lamented that the Tinubu administration inherited a “bankrupt nation” from Buhari’s government due to widespread corruption and financial mismanagement.
President Tinubu had appointed Mr. Jim Obazee as a Special Investigator to probe the CBN under Emefiele and related institutions. So far, the Obazee-led committee has reportedly recovered more than N12 trillion, much of it linked to officials from the former administration.
The source further alleged that the investigation team has rejected several multimillion-dollar bribe offers intended to obstruct or influence the probe.
