By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Emefiele: Contractor speaks on how he paid $600,000 bribe to CBN director
Share
Sign In
Notification Show More
Latest News
Read to Lead’ campaign boosts child literacy
Education Metro News
Hon. Nnabuife mourns passing of Chief Sylvester Anyarue Ezeokenwa
News Politics
Youth assembly appeals to Tinubu to address insecurity, economic challenges
News Youths
World Bank trains 17 journalists on natural capital reporting Reporting
Business News
Cadbury Nigeria records 182% increase in profit in Q1
Business News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Economy > Emefiele: Contractor speaks on how he paid $600,000 bribe to CBN director
BusinessEconomyJudiciaryLegal/CourtsNews

Emefiele: Contractor speaks on how he paid $600,000 bribe to CBN director

Publisher
By Publisher Published May 18, 2024
Share
3 Min Read
SHARE

In a dramatic revelation before the Lagos State Special Offences Court in Ikeja, a contractor with the Central Bank of Nigeria testified on Friday that he paid a $600,000 bribe to a former CBN director to secure payment for a contract.

Victor Onyejiuwa, Managing Director of Resource Computer Limited, stated that while executing contracts for the CBN, Punch reported on Saturday.

He said he had no direct dealings with former CBN Governor Godwin Emefiele. Instead, Onyejiuwa alleged that the bribe was paid to John Ayoh, the former CBN Director of Information Technology.

- Advertisement -
Ad image

Onyejiuwa explained that all communications with Ayoh were conducted via WhatsApp. He testified that the first installment of $400,000 was paid in Lagos, and the remaining $200,000 was delivered in Abuja.

He noted that there was no formal authorization from CBN management to pay the bribe.

During cross-examination by Emefiele’s lawyer, Olalekan Ojo, SAN, Onyejiuwa confirmed that Ayoh signed both the contract award and its completion. He detailed that his first contract with the CBN was valued at N1.3 billion, and the second at $2.1 million.

Onyejiuwa continued to work with the CBN until 2019, after Ayoh’s departure, and stated that no bribes were demanded for subsequent contracts executed under Emefiele’s tenure as governor.

“I did a new contract with the CBN, and no bribe was demanded and the payment for the contract was made in due time,” Onyejiuwa testified.

He admitted under cross-examination that he never sought confirmation from any CBN deputy governors regarding Ayoh’s authority to collect the bribe, nor did he have any direct instructions from Emefiele.

Onyejiuwa also revealed that he did not present any letter demanding a bribe to the Economic and Financial Crimes Commission (EFCC).

The court heard that the $600,000 was delivered directly to Ayoh in his office, and signed off by an IT department official after payment.

Former CBN Governor Godwin Emefiele and co-defendant Henry Omoile face 26 counts related to abuse of office and alleged fraud totaling $4.5 billion and N2.8 billion. Both have pleaded not guilty.

On the previous hearing date, Onyejiuwa told Justice Rahman Oshodi that he was coerced into paying $600,000 before his contract payment was approved. He recounted a senior CBN official pressuring him in 2017, stating that payment would be withheld unless the bribe was paid. Following this, Onyejiuwa managed to gather $400,000 and $200,000, respectively, which facilitated the contract payment within weeks. The trial is set to continue on July 9 and 10.

Like this:

Like Loading...

Related

You Might Also Like

Read to Lead’ campaign boosts child literacy

Hon. Nnabuife mourns passing of Chief Sylvester Anyarue Ezeokenwa

Youth assembly appeals to Tinubu to address insecurity, economic challenges

World Bank trains 17 journalists on natural capital reporting Reporting

Cadbury Nigeria records 182% increase in profit in Q1

TAGGED: Bribe, CBN, Central Bank of Nigeria, Contractor

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher May 18, 2024
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Doctor, nurses arrested over missing placenta in Kwara hospital
Next Article Northern Governors seek support of UN to tackle multi sectoral challenges
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

Read to Lead’ campaign boosts child literacy
Education Metro News May 23, 2025
Hon. Nnabuife mourns passing of Chief Sylvester Anyarue Ezeokenwa
News Politics May 22, 2025
Youth assembly appeals to Tinubu to address insecurity, economic challenges
News Youths May 22, 2025
World Bank trains 17 journalists on natural capital reporting Reporting
Business News May 22, 2025

You Might also Like

EducationMetroNews

Read to Lead’ campaign boosts child literacy

May 23, 2025
NewsPolitics

Hon. Nnabuife mourns passing of Chief Sylvester Anyarue Ezeokenwa

May 22, 2025
NewsYouths

Youth assembly appeals to Tinubu to address insecurity, economic challenges

May 22, 2025
BusinessNews

World Bank trains 17 journalists on natural capital reporting Reporting

May 22, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d