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Alleged fraud: Witness tells court how Emefiele transferred funds to his wife

A prosecution witness, Mrs Ifeoma Ogbonnaya, on Tuesday, told the Lagos Special Offences Court, Ikeja, how former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, transferred funds to his wife, Margaret. Ogbonnaya, an Assistant Manager at Zenith Bank Plc, stated this at a follow-up hearing in Emefiele’s trial for alleged fraud of $4.5 billion and N2.8 billion while in office. …

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Senate pushes for increased budget allocation for SEC

The Senate on Tuesday called for increased budget allocations to the Securities and Exchange Commission (SEC). Chairman of the Senate Committee on Capital Markets, Osita Izunaso, made the call when SEC Director-General, Dr. Emomotimi Agama, appeared before the committee to defend the commission’s 2024 budget. He said the Rp22.40 billion budget allocated for the commission in the 2024 budget was …

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