3.7.2026
Former Central Bank of Nigeria governor Godwin Emefiele is currently facing trial for an alleged siphoning of $6.23m from the apex bank during the reign of late President Muhammad Buhari.
But according to Jim Obazee the special investor appointed by President Bola Tinubu, to unravel the circumstances surrounding the heist, late Buhari should be posthumously prosecuted so also the former Secretary to the Government of the Federation (SGF) Boss Mustapha.
Mr Obazee, who is the 15th prosecution witness in the trial of Emefiele, told an Abuja High Court that Mr Mustapha must be in court to answer for the alleged $6.23 million CBN loot.
The Economic and Financial Crimes Commission (EFCC) charged Mr Emefiele with criminal breach of trust, forgery, abuse of office, conspiracy to obtain by false pretence and obtaining money by false pretence while serving as the CBN governor.
Mr Emefiele alleged to have knowingly obtained by false pretence the sum of $6.2 million meant for international election observers for the 2023 general election.
The EFCC accused Mr Emefiele of conferring corrupt advantages on two companies—April 1616 Nigeria Limited and Architekon Nigeria Limited.
He however, pleaded not guilty to the charge .
Mr Obazee was led in evidence by the Director of Public Prosecution of the Federation, Rotimi Oyedepo, SAN.
“The situation in Nigeria is a very unfortunate one, especially for the federal government to have put only Emefiele on trial in an alleged fraud that involved more than 10 people,” Obazee alleged.
He submitted that Boss Mustapha was actively involved in the scheme and ought to be the dock alongside Mr Emefiele.
He also demanded the prosecution of the manager of Abuja branch of the CBN, on the grounds that the looted fund was released to the suspected criminals without carrying out due diligence.
He explained that by the CBN Act, the N2.8 billion naira equivalent of $6.2 million ought to have been deposited before it was officially released.
Besides Messrs Buhari, Mustapha and Emefiele, the witness also demanded that the court should order the arrest and prosecution of Jibril Abubakar, who was alleged to have collected the funds on the purported authority of the SGF office .
He added that Bashirudeen Maishanu, a current staff of the CBN, who claimed to be one of those who stole the money and refunded $856,500, to the special investigation panel , should be charged.
“For actions and inactions, Buhari ought to be charged and must be charged along Emefiele in this fraud, even if posthumously since national honours are given posthumously.
“As for Mustapha, as far as I am concerned, he did deny to me that he did not sign the documents from his office which initiated the request for the $6. 2m and led to the release of the amount to a person who claimed to be a staff of his office.
“Whatever you are doing to Emefiele by way of prosecution ought to have been done to Buhari, Mustapha, Maishanu and former board members of the CBN under Emefiele
” If all of them are prosecuted, it will serve as deterrent and problems of Nigeria will be reduced and eliminated by 50 per cent” he said.
Mr Obazee said he hoped that all of them would be lined up in this dock with Mr Emefiele and this must include Mr Maishanu, ‘who returned to me $856,500.’
The prosecution counsel, Mr Oyedepo informed the court that the prosecution was closing its case with the 15th prosecution witness.
Mr Burkaa also informed the court that he was going for no-case-submission .
Justice Hamza Muazu then adjourned until October 20, for adoption of addresses. NAN