CBN officials demanded $600k bribe to process payment of executed contract, says witness at Emefiele’s trial

CBN officials demanded $600k bribe to process payment of executed contract, says witness at Emefiele’s trial

Victor Onyejiuwa, handling director of The Source Computers Limited, on Thursday affirmed at the Lagos high court in the event versus Godwin Emefieleprevious guv of the Central Bank of Nigeria (CBN), for abuse of workplace.

Emefiele and Henry Omoile, his co-defendant, are standing trial on 26 charges and have actually gone into an innocent plea.

The Economic and Financial Crimes Commission (EFCC) provided Onyejiuwa as the 4th witness. He specified that from 2014 to 2019, his business offered innovation assistance to the CBN and gotten a minimum of 5 agreements.

In 2017, the CBN given his business an agreement for business storage and servers. Post-execution, John Ikechukwu Ayoh, a previous CBN director, notified Onyejiuwa that management needed a part of the agreement’s funds, threatening non-approval of payment otherwise.

“After the agreement had actually been performed, I was confronted by Mr John, stating the management was asking for something from the deal,” he informed the court.

“He stated there was pressure on him. I informed him that our payment was being postponed. He informed me that if I do not accede to his demand, my payment will not be authorized.”

Onyejiuwa yielded to Ayoh’s needs after conversations, arranging $400,000 and $200,000 to guarantee the agreement’s payment, which followed within weeks.

“After a number of backward and forward for him to see factors with me on why I required to earn money and my commitments with my partners, I caught his pressure.

“I had the ability to arrange the amount of $400k and $200k to help with payment of the agreement funds. Within 2 or 3 weeks after, payment was made. That is what occurred,” he stated.

Upon questioning by the EFCC, Onyejiuwa revealed agreement quantities consisting of a $1.2 billion agreement when the currency exchange rate was N360/$, and others valued at $2.1 million, N340,000, and N17 million.

Following Onyejiuwa’s testament, Emefiele’s counsel, Olalekan Ojo, asked for an adjournment for interrogation at the next hearing. Justice Rahman Oshodi adjourned the case for May 17.

Formerly, on April 29, Ayoh affirmed, specifying his period at the CBN and his indirect reporting to Emefiele. He confessed to gathering cash from specialists on Emefiele’s directions and providing it to Emefiele’s assistant, John Adetona.

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