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Emefiele would face firing squad if he were in China – Onanuga

Bayo Onanuga


The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has said if Nigeria were China, the immediate former Governor of Central Bank of Nigeria, Godwin Emefiele, would have faced a firing squad.


Onanuga who stated this while reacting to the Special Investigation on CBN and Related Entities, Chargeable Offences Report, said Emefiele and his gangs committed egregious misappropriation that would not be allowed in China.


A Jim Obazee’s report had indicted Emefiele of misappropriating funds running to billions of naira, kept in 593 bank accounts in the United State, United Kingdom and China, without any approval while he was CBN governor.


However, the report claimed that the former CBN governor also opened bank accounts without the approval of the apex bank’s Board of Directors and Investment Committee.


According to the report, Emefiele illegally lodged billions of naira in about 593 bank accounts in the United States, United Kingdom, and China.


It further disclosed that Emefiele deposited £543,482,213 in fixed deposits in UK banks alone without authorisation


In his reaction via X, Onanuga wrote: “If Godwin Emefiele and his gang had committed these egregious misappropriations in China, they will by now be facing the firing squad for high treason.”

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