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Emefiele: How $6.23 billion Was Moved from CBN Coffers to Fund Foreign Observers of 2023 Election – Witness

By Francis Wilfred

A witness, Chinedu Eneanya on yesterday told Justice Hamza Muazu of the FCT, High Court, Maitama, Abuja, that a total sum of $6.23 billion was allegedly siphoned from the coffers of the Central Bank of Nigeria, CBN, under the guise of funding foreign election observers.

The Economic and Financial Crimes Commission, EFCC, is prosecuting Emefiele on an amended 20-count charge bordering on criminal breach of trust, forgery, abuse of office, conspiracy to obtain by false pretence. Eneanya, who was led in evidence by the prosecution counsel, Rotimi Oyedepo, SAN, as the 13th prosecution witness, PW13, told the court that he was part of the team assigned to investigate the allegations against the defendant.

He further stated that individuals connected with the movement of the funds were invited and interviewed during the course of the investigation, while relevant documents authorising the release of the funds were recovered from the CBN. The witness added that findings from the investigation showed that the signatures of former President Muhammadu Buhari and former Secretary to the Government of the Federation, Boss Mustapha, were forged to facilitate the release of the funds.

He disclosed that forensic analysis conducted on the documents confirmed that the signatures attributed to the two officials were not genuine. The matter was subsequently adjourned till Tuesday, April 28, 2026, for continuation of trial.

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