Godwin Emefiele who has been in and out of court since last year, has been charged to court again over new charges.

Details of the fresh charges against the ex CBN Governor, Emefiele by the Economic & Financial Crimes Commission Were Listed.

The EFCC wrote;

“For those asking questions why another arraignment, find below details of fresh charges against former CBN Governor, Godwin Emefiele.

Here are the offenses listed:

1. Allocating forex of $2,136,391,737.33 without bid.
2. Corruptly received $26,552,000 from NIPCO PIC.
3. Corruptly received $7,720,000 from Raja Punjab on account of forex to his employer.
4. Confer corrupt advantage on his associate, Limelight Multidimensional Services Ltd to the tune of N900,216,324.21.
5. Allocating forex of $291,945,785.59 without bid.
6. Corruptly received $740,000 from NIPCO Pic.
7. Corruptly received $850,000 from Raja Punjab on account of forex to his employer.
8. Confer corrupt advantage on his associate, Limelight Multidimensional Services Ltd to the tune of N1,060,030,249.42.
9. Abuse of office by special allocating of forex of $1,769,254,793.16.
10. Corruptly received $2,410,000 from Raja Punjab on account of forex to his employer.
11. Corruptly received $400,000 from Source Computer Ltd as kick-back for contract award.
12. Confer corrupt advantage on his associate, Comec Support Services Ltd to the tune of N149,001,009.70.
13. Abuse of office by special allocating of forex of $370,872,893.01.
14. Corruptly received $6,320,000 from Raja Punjab on account of forex to his employer.
15. Corruptly received $200,000 from Source Computer Ltd as kick-back for contract award.
16. Confer corrupt advantage on his associate, Comec Support Services Ltd to the tune of N151,168,458.73.
17. Confer corrupt advantage on his associate, Adswin Resources Solution Ltd to the tune of N398,031,732.32.
18. Confer corrupt advantage on his associate, Adswin Resources Solution Ltd to the tune of N204,992,739.51.”

On June 1, 2024, Adaora Umeoji will become the new Group Managing Director/Chief Executive Officer of Zenith Bank Plc, replacing Ebenezer Onyeagwu, whose five-year term ends on May 31, 2024. Zenith Bank announced this on its website on March March 19th 2024.

The appointment is a historic moment as Adaora Umeoji becomes the first female GMD/CEO since the bank’s inception in May 1990.

According to the bank’s statement, “Her appointment is consistent with the bank’s executive transition tradition, succession plan, and strategy of grooming leaders from within.”

Adaora Umeoji has almost thirty years of experience in banking. She previously served as the deputy managing director of the bank, a role she assumed in October 2016. She has been with the bank for nearly twenty-six years.

Early Life and Education

•Dr. Adaora’s journey began in Jos Nigeria

• She holds a bachelor’s degree in sociology from the University of Jos, a bachelor’s degree in accounting, and a first-class honours degree in law from Baze University, Abuja.

•She holds a Master of Laws from the University of Salford, United Kingdom, a Master in Business Administration from the University of Calabar, and also has a doctorate in business administration from Apollos University, USA.

• She holds a Certificate in Economics for Business from the prestigious MIT Sloan School of Management, USA, and has attended various management programmes in renowned Universities around the world including the strategic thinking and Management programme at Wharton Business School, USA.

•Umeoji is an alumnus of Harvard Business School, where she attended the Advanced Management Programme, and an alumnus of Columbia Business School with a Certificate in the Global Banking Program.

Dr. Adaora’s Professional Ascension

•Umeoji has been the Deputy Managing Director of the bank since October 28, 2016 and has close to 30 years of banking experience of which 26 years has been with Zenith Bank.
Adaora Umeoji, founded the Catholic Bankers Association of Nigeria (CBAN), a platform she uses to promote ethical banking and service to humanity.

Chart Success In Leadership

• Umeoji being the first female to be appointed as GMD of the bank effective June 1, 2024
• Dame Adaora Umeoji stands as a shining example of empowerment and leadership and as a role model for aspiring individuals worldwide.

•Despite her accomplishments, Adaora Umeoji emphasizing the importance of humility and focus on one’s mission.

Cryptocurrency exchange, Binance, has announced plans to discontinue all services related to the Nigerian naira.

Binance, a cryptocurrency exchange platform, was accused of exploiting the Nigerian currency, Naira, leading to its free fall in value.

The company is, in addition, facing allegations of terrorism financing, money laundering and tax invasion, among others.Nigeria is one of the largest peer-to-peer crypto markets in the world.

Between July 2022 and June 2023, crypto transactions in the country reached $56.7bn, according to Chainalysis.But the company, in a statement on Tuesday, advised users to withdraw NGN, trade their NGN assets or convert NGN into crypto.

The statement read, “Users are encouraged to withdraw NGN, trade their NGN assets or convert NGN into crypto prior to the discontinuation of these NGN services.

“From 2024-03-08 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT based on the conversion rate below.

“Binance will not support deposits of NGN after 2024-03-05 14:00 (UTC). Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC).

“After 2024-03-08 08:00 (UTC), Binance will convert any remaining NGN balances in users’ Spot and Funding wallets into USDT on behalf of users at a ratio of 1 USDT = 1,515.13 NGN.

“Please note that the conversion rate is calculated based on the average closing price of the USDT/NGN trading pair on Binance Spot in the last seven days.

“The conversion may take approximately up to 24 hours or longer. USDT tokens will be credited to users’ Spot wallets thereafter, and users can confirm receipt of the tokens via the Convert History page.

“If users hold less than 0.00000001 USDT worth of NGN in their Spot and Funding wallets, they will each receive 0.00000001 USDT in their Spot wallets after the conversion.”

Recently, the government through the Nigerian Communications Commission blocked the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds.

Binance customers are asking if Binance is leaving Nigeria completely.