The former Central Bank of Nigeria Governor, Godwin Emefiele, faces allegations of operating 593 illegal accounts in the US, UK, and China, without approval. Investigator Jim Obaze found £543,482,213 in unauthorized fixed deposits in UK banks. Emefiele, currently in custody for procurement fraud, may also face charges related to the CBN naira redesign policy. The report suggests illegal issuance of currency and involvement of Tunde Sabiu and 12 CBN directors. Additionally, Emefiele is implicated in the misuse of CBN funds, including fraudulent use of N26.627tn in Ways and Means and questionable legal fees.
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