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$6.2m Scandal: Who Forged Buhari’s Signature?
Published
2 years agoon
By
Eric
By Eric Elezuo
The last is yet to be heard of the unfolding drama regarding the use of former President Muhammadu Buhari’s signature to withdraw a whopping $6,230,000 from the Central Bank of Nigeria under the watch of Mr. Godwin Emefiele as the apex bank’s boss. So far, everyone involved in the withdrawal has denied complicity.
While the former CBN governor maintained that the document that authorized the withdrawal emanated from the presidency, the office of the Secretary to the Government of the Federation, manned by Boss Mustapha at the time, the former SGF has vehemently denied knowledge of the both the document and the withdrawal.
When the former SGF appeared early last week, at the Federal Capital Territory (FCT) High Court, Abuja, to testify in the ongoing trial of ex-Governor of CBN, he denied knowledge of everything relating to the transaction, stating that all the time he served in government, he never heard of the term “Special Appropriation Provision”.
He added that the two terms familiar to him are just “Appropriation” and “Supplementary”.
Stressing his defence, Mustapha also said that in all the correspondences he ever received from former President Buhari, he never concluded with “Please accept with my highest regard,” saying the signature was a failed attempt at reproducing Buhari’s signature.
He further informed that the Federal Government has no business with the payment of foreign election observers. To him, the Federal Executive Council decisions are not transmitted by letters.
Recall that Emefiele is standing trial before Justice Hamza Muazu on a 20-count amended charges bordering on corrupt advantages, conspiracy, criminal breach of trust, forgery and obtaining by false pretenses to the tune of $6,230,000.
A Special Investigator, Mr Jim Obazee, had late last year claimed that video footages showed Emefiele and Mustapha dragging $6.2 million cash from the vault of the CBN. Findings by Obazee subsequently led the federal government to amend the criminal charge against the former CBN boss before Justice Hamza Muazu of the High Court of the Federal Capital Territory (FCT).
According to the new charge, Emefiele was alleged to have engaged in criminal breach of trust, forgery, conspiracy to obtain by false pretence and obtaining money by false pretence, when he served as the apex bank’s boss. Among the allegations was that Emefiele forged a document titled: Re: Presidential Directive on Foreign Election Observer Missions dated January 26, 2023 with Ref No. SGF.43/L.01/201 and purported same to have emanated from the office of the Secretary to the Government of the Federation (AGF). Emefiele was also alleged to have, on February 8, 2023 know- ingly obtained, by false pretence, $6,230,000.00 by falsely representing that the Secretary to the Government of the Federation vide a letter dated January 26, 2023 with Ref No. SGF 43/L.01/201 requested the CBN to provide a contingent logistic advance in the sum of $6,230,000 “in line with Mr. President’s directive.”
He was accused of impersonating the SGF to illegally obtain a sum of $6.2m.
Mustapha, who appeared as Prosecution Witness 2, said he knew nothing about the transaction up till the time he left office at the end of May 2023, concluding that having served for five years and seven months, the document in contention did not emanate from the office of the then President Buhari.
Mustapha’s defence appeared slightly at variance with the report of the special panel tasked with probing the Emefiele and the CBN, and chaired by Jim Obazee, the special investigator, who was appointed by President Bola Tinubu
The report had disclosed that the money withdrawn from the foreign payments office, Abuja branch of the CBN, was “purportedly for foreign election observer missions”.
The panel said the “unlawful removal” was captured on closed-circuit television (CCTV) “which was viewed and preserved”.
The report said a letter, dated January 23, 2023, with the signature of former President Muhammadu Buhari, was sent to Mustapha, with the caption ‘Presidential Directive on Foreign Election Observer Missions’.
The panel said it was later found that “Buhari’s signature appeared to have been forged”.
However, a First Prosecution Witness (PW1), Onyeka Ogbu, told the court how the ex-CBN governor approved the payment of $6,230,000 in cash for international election observers in the 2023 general election.
Ogbu, the Deputy Director of Branch Operations at the apex bank, reviewed and approved the $6.2 million payment request for disbursement to some international election observers prior to the 2023 general election. The senior CBN official also insisted that the transaction was not fraudulent to the best of his knowledge, and that the money in dispute was paid to a staff in the office of the secretary to the government of the federation.
Mustapha, however, denied that the government of Muhammadu Buhari or his office had anything to do with the said transaction.
Testifying, Ogbu said, based on the approval, the said $6.2million was paid to one, Jibrin Abubakar, nominated by the Office of the SGF to collect the money allegedly meant for the payment of the foreign election observers. While under cross examination earlier, Ogbu, noted that the funds were released because the request documents contained evidence of approvals by former President Buhari and Emefiele.
“6,230,000 was paid in cash to Jubrin Abubakar from OSGF, the money was paid in dollars,” he said, adding that he would not have paid the money without authorisation. Ogbu maintained that the transaction was not a fraudulent transaction because the Director Banking Services Department was trying to recover the money.
According to him, payment of the fund was based on the “understanding that it would be refunded,” adding that he has written for times for the return of the money. “The last letter I wrote was in November 2023. Between February and November 2023, we have made efforts to have the money back.
“I am aware that the defendant ceased to be CBN governor in June 2023,” he said, adding that he had made efforts to regularise the transaction.”
Speaking on the structure of hierarchy in the CBN, Ogbu, who pointed out that he did not report directly to the CBN governor but to the Director, Branch Operations, who in turn reported to the deputy governor operations and administration, said it was not usual for the governor to write directly to him. While stating that he never paid any money to Emefiele, nor aware of the $6.2 million was traced to Emefiele’s account, he said, “He (Emefiele) did not come to tell me that I should approve the payment. I only acted on what is on the paper.
Meanwhile, the special investigator appointed by Tinubu, has asked the International criminal police organisation (Interpol) to place three suspects on its watchlist over an alleged fraud of $6,230,000.
The suspects are Adamu Abubakar, Imam Abubakar, and Odoh Eric Ocheme.
The federal government had filed extradition charges against the trio for allegedly forging the signature of ex-President Muhammadu Buhari and documents purportedly written by Boss Mustapha, the former secretary to the government of the federation (SGF), to induce the payment of $6,230,000 from the Central Bank of Nigeria (CBN).
“That Adamu Abubakar (now at large), Imam Abubakar (now at large), Odoh Eric Ocheme (now at large), Bashirudeen Maishanu and others also now at large, on or about the 23 day of January, 2023, at the Federal Capital Territory (FCT) Abuja, within the jurisdiction of the Federal High Court, forged the following documents: (1) The Presidency, Office of the Secretary to the Government of the Federation Identity Card in the name of Jibril Abubakar; (ii) Letter dated 23 January, 2023 purportedly written by Muhammad Buhari to the Mr. Boss Mustapha; (iii) Letter dated 26 January, 2023 purportedly written by Boss Mustapha to Mr. Godwin Emefiele; (iv) Central Bank of Nigeria Internal Memo dated 31 January, 2023 purportedly written by the Director, Banking Services Department to the Governor, and (v) Central Bank of Nigeria Internal Memo dated 7th February, 2023 purportedly written by the Director, Banking Services Department to the Branch Controller, Abuja, Branch, with the intent that the Central Bank of Nigeria, Abuja Branch may in the believe that the documents are genuine be induced to pay you the sum of six million, two hundred and thirty thousand United States Dollars ($6,230,000.00) and thereby committed an offence punishable under Section 1(2)[c] of the Miscellaneous offences Act, Cap. M17 Laws of the Federation of Nigeria, 2010,” the part of the charge sheet reads.
In a letter dated February 12, 2024, the special investigator asked Interpol to place the three suspects on red notice.
The letter, signed by Eloho Okpoziakpo, the head of operations, office of the special investigator, was addressed to the assistant Inspector-General of Police, National Central Bureau (NCB) and Interpol.
“In the course of the Special Investigator’s assignment, Mr. Odoh Eric Ocheme, (a staff of the CBN) now at large and the other two accomplices, also now at large, were discovered to have conspired and forged documents in the name of the President, Federal Republic of Nigeria with which they stole about US$6,230,000 (Six Million, Two Hundred and Thirty Thousand Dollars, in cash, from the coffers of the CBN,” the letter reads.
On January 18, 2024, Inyang Ekwo, a judge at a Federal High Court in Abuja, issued a warrant of arrest against the three suspects.
Ekwo issued the order following a motion moved by Celestine Odo, the counsel of the federal government.
With massive denials from everyone named in the scandal, the question still remain apt as to who forged Buhari’s signature? Emefiele, Mustapha or persons at large? Time will sure tell.
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Memoir: My Incredible 10 Years Sojourn at Ovation by Eric Elezuo
Published
19 hours agoon
February 1, 2026By
Eric
By Eric Elezuo
It seems like yesterday, but like a joke well cracked, a whole 10 years have come and gone since I ventured into the new lease of life called Ovation Media Group. The experience has been a pot pourri of incredibilty, sensation, hits, near hits and a mixed fortune of the good, bad and ugly. Of course, what does one expect?
The Ovation brand has been not only big, but larger than life. To us out there savoring their sensational releases in terms of publications, it was much more than a media organisation, but something in the neighborhood of myth tingled with legendary. In my little circle, people talked about Ovation Magazine as a garden of Eden that can only be imagined with utmost reverence, but can never be reached or accessed.

Sometimes, you hear people talk about an event, and the next thing you hear is ‘even Ovation covered it’. That alone is a proof that there was nothing ordinary about the occasion. It was only meant for ‘gods’ in human form; the be all and end alls of world politics, entertainment and enterprise. Ovation was just big, so big among Africans that describing it will completely leave gaping and lost for words.

If the brand was this huge, you can imagine what the mention of the brain behind it, Dele Momodu, conjure to the mind, of both the speaker and the listener. He was the big masquerade that can only be felt, heard and never seen except for the members of the inner caucus. At a stage, I vowed to be a member of this inner caucus. I didn’t know how it would happen, but I decided something; that when I would get married, Ovation would be there to cover it, the cost notwithstanding. I knew I would’ve been rich enough to afford their services, and so come face to face with the big masquerade, Dele Momodu himself. Well, I’m still not ‘rich enough’, but I have not only come face to face with the big masquerade, but has risen to become the Editor of the most sought-after celebrity journal in Africa, and all its appendages or titles including The Boss Newspaper and Ovation Television.
The day was Wednesday, January 20, 2016, when I first sat face to face with Chief Momodu, who over the years has steadily and graciously transformed into Aare, Dr among many impressive titles, in the company’s new office at Opebi, Ikeja. It was my interview to be absorbed as a Correspondent into the organisation. The opportunity dropped on my lap, made possible by my good friend and ex-classmate at the University of Lagos, Mr. Mike Effiong, who was the substantive and hardworking editor then.

My desire to work with Ovation transformed into hunger when I discovered that Mike, as I use to call him at UNILAG, or Editor, as I called when with I joined the organisation, was the second-in-command. I told myself, and to wife that if only I could reach out to Mike, it would be easy to know availability in the organisation. We were very at close though he was already very career minded then, supping and dining with those that matter in the industry at that level. The last I saw him before his Ovation rise was when he was at Encomium Magazine. We lost contact afterwards. It was the days of no GSM. They were moving with pagers. I had no such privilege. I can’t remember exactly how his number dropped on my lap one day many years after. I called and got to him. We reconnected, and reminisced. I was a school teacher then. I seized the opportunity to explain that I still wished to practice journalism. We have had the discussion earlier shortly after graduation. He invited me to his office – then at Excellence Hotel, Ogba. We met in the ‘luxurious’ lobby of the hotel the day I came. There was no place for me then as he told me. Though I was disappointed, I doubted if I was ready for the kind of job description I noticed that day. Mike seasoned my coming by patronizing my book. Yes, I was marketing my first book then, ‘The Dedication Tragedy’, and was fresh from Master’s degree class after getting my Masters in International Law and Diplomacy (MILD) from the University of Lagos.

We lost contact again. It was not until 2015 he returned my call, after several, and talked about a certain ‘The Boss’, which is the newest brainchild of the organisation. I was ready to move to anything, that can help me offset my highly accumulating bills. I was working with National Mirror, where I was owed months of salary. The funniest part was that I moved from Newswatch, where I was owed years of salary to National Mirror. Incidentally, both organizations were owned by one person. That’s a story for another day.

So on that fateful January 20th of 2016 after several failed appointments owing to Chief Momodu being out of the country, we finally met. The interview was sharp but detailed. It was beyond paper qualifications. It was a case of wits, reposition of knowledge and ability to navigate through the world of news gathering and dissemination, and not forgetting ability to withstand and travel at short notice. I did not only nod in the affirmative to all, but proved my hunger in words and action to take up the challenge. I was found worthy, and asked to assume duties. I requested for the rest of the month to sort myself out. There was nothing to sort out. I just needed time to calm my head, nd douse the euphoria so as not to make a mistake on the first day.
So on Monday, February 1, 2016, I appeared completely suited with tie to begin a new trend in professionalism. The suit was just appropriate for a worker, who has not been paid for ages, if you get what I mean. I was slammed with the title of Correspondent, but given a job description that equalled editor, reporter and supervisor combined. I wrote, edited, proofread, set page, go on field assignment, publish and share. It was a handful, but I was happy to have a job, and the job I wanted. So I adapted with equanimity. In fact, my publisher was a no-nonsence person. Mistakes were not permitted. Missing deadlines were taboos. Tough as it was, it toughened me. Today, I’ve graduated from being a better journalist to whatever you can think of.

Shortly after assuming office, I got the privilege to interview and engage staff, mostly interns to work directly under me. My first staff was Temitope Ogunleye, a young corper from Kogi State University. She is still with me today, having grown in leaps and bounds. Others followed including Morakinyo Ajibade from Nigerian Institute of Journalism, David Adeyemi, Isaac and Annabelle from Babcock University. Ajibade is also still with me today. His level of growth is tremendous. There were many others, and they are all helpful to my career success. There was also Joguomi, Victoria, Christiana and many others. I did my best to support their mentoring, and they are performing brilliantly in their various worlds.
This is not forgetting the men with the camera I met on ground and those that joined afterwards; Koya, Ken, Iroko, Funmi, Solomon, Abraham, Femi, Ben, Tunde, Dala Taiwo and a host of others. We did many things together including our botched Christmas party. That happens to be the biggest blow any staff has suffered. Today, it’s worth looking back at, and laughing loudly at.

It has not all been rosy though; twice I have been sacked for operational deficiency (not incompetence), and twice I have been restored for obvious reasons. And today, God is still helping us.
In 2020, I was upgraded to the post of Assistant Editor of The Boss Newspaper, and in late 2021, I was elevated to the position of Editor, The Boss Newspaper.
In November 2023, precisely on the sixth, I was privileged to be considered and appointed as the Editor of the Ovation brands or Ovation Media Group. The editor of Ovation is a title for the General Administrative and Editorial Head of the Group, answerable to only the Publisher and Board of Directors.
My appointment was sequel to the elevation in politics of my immediate boss, Mike Effiong, who was appointed as Senior Special Adviser to the Governor of Akwa Ibom State.
It’s not yet uhuru though. I’m still learning and taking instructions from superiors in the industry and elsewhere. I must add that humility and acceptance of everyone I’ve met in the line of duty, has helped in no small measure to fasttrack my growth. Yes, I can beat my chest and say that I have delivered, and still delivering.
Yes again, I’ve not been able to traverse the globe as regards traveling or amass wealth, but my experience can dictate for any world leader. It is worth noting that waking up to work for Ovation every day (morning, afternoon, evening, night and midnight including wee hours), and this is not an exaggeration, but bare facts, has taught me life, in both the hard and acceptable ways.
To my boss of inestimable value, Chief Dele Momodu, my appreciation is limitless; my friend of many years, Mike Effiong and past and present staff of the brand, thank you for the opportunity. I don’t know where the next 10 years will meet us, but I know for sure it would be in a good place, and much bigger than we are today.
Cheers to February One!
Eric Elezuo is the editor, Ovation Media Group, and writes from Lagos
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CAN Tackles Shariah Council Over Call to Remove INEC Chair Amupitan
Published
3 days agoon
January 30, 2026By
Eric
The Christian Association of Nigeria (CAN) in the 19 Northern states and the Federal Capital Territory (FCT) has rejected the call by the Supreme Council for Shari’ah in Nigeria (SCSN) seeking the removal of the Chairman of the Independent National Electoral Commission (INEC), Professor Joash Amupitan.
The Shari’ah Council, earlier this week, demanded the immediate removal and prosecution of Amupitan, as members of the Council questioned his integrity over a legal brief in which he reportedly acknowledged claims of persecution constituting genocide of Christians in Nigeria.
Reacting to the development in a statement on Thursday, the Chairman of Northern CAN, Reverend Joseph John Hayab, and the Secretary General of Northern CAN, Bishop Mohammed Naga, questioned the motive behind the demand, asking who was sponsoring the call and why such interests are hiding behind the platform of a religious body.
Describing the call as a dangerous attempt to politicise religion and undermine a critical national institution, Hayab stressed that Professor Amupitan has a constitutional right to freedom of religion, adding that expressing concern over challenges faced by his religion does not amount to bias or disqualification from public service.
He also pointed out that many Muslims who had served in key government positions in the past had troubling religious antecedents, yet were not subjected to similar scrutiny, urging national actors to prioritise competence and national interest over sectarian sentiment.
Hayab, who warned that the controversy further reinforces concerns about persistent religious discrimination against Christians in Nigeria, particularly in appointments to sensitive national offices, recalled that the two immediate past INEC chairmen were Muslims from Northern Nigeria, and warned against narratives suggesting that only adherents of a particular religion are qualified to lead the electoral body.
“Anyone hiding under the guise of the Shari’ah Council to demand the removal of the INEC chairman over political or sectarian interests should come out boldly. Otherwise, the ploy has died naturally, he said.
“”Are they saying that no other religion should serve as INEC chairman except Muslims? The most important question Nigerians should ask is whether Professor Amupitan is competent or not.
That should be the focus, not his faith,” the statement added.
The association commended President Bola Ahmed Tinubu for what it described as a deliberate effort to promote national unity by appointing a Christian as INEC Chairman, despite being a Muslim.
It noted that the decision reflected statesmanship and inclusivity, similar to precedents set under the previous administration of President Goodluck Jonathan, who kept a northern Muslim as INEC Chairman against all odds.
The Christian leaders advise the Shari’ah Council to publicly identify any individual or group behind the campaign against the INEC chairman, insisting that religious platforms must not be used as “cheap cover” to pursue political interests or intimidate public officials.They, however, called on the INEC chairman not to be distracted by the controversy, urging him to remain focused on his constitutional responsibility of conducting free, fair and credible elections.
“He should concentrate on doing the right thing for Nigerians and not behave like others who openly manipulated elections in the past and now seek to remain relevant through religious blackmail,” the statement said.
Northern CAN also raised concerns about what it described as emerging signals of a coordinated political agenda ahead of the 2027 general election, citing recent comments by the Minister of Culture, Tourism and Creative Economy, Hannatu Musawa, who warned that the All Progressives Congress (APC) risks electoral defeat if it drops a Northern Muslim-Muslim ticket from President Bola Tinubu’s re-election ticket.
According to the association, such statements, when viewed alongside the sustained attacks on a Christian INEC chairman, raise legitimate questions about whether there is a deliberate effort to undermine Christian participation and confidence in the country’s political process.
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Sit-at-Home: Soludo Threatens Anambra Traders with Forfeiture of Shops
Published
4 days agoon
January 29, 2026By
Eric
Anambra State governor, Prof. Chukwuma Soludo, has escalated the enforcement of his earlier directive to traders at Onitsha Main Market, warning that shops of defiant traders will be forcibly closed if they continue ignoring government orders to open for business on Mondays.
The development follows Soludo’s initial announcement on Monday, when he ordered a one-week closure of the market over traders’ persistent defiance of the state’s anti-Monday sit-at-home directive.
Addressing the situation during an on-the-spot inspection of the market this afternoon, the governor said past efforts to persuade traders had failed, and the government is now moving to a more assertive approach.
“If you deny 20% of workdays in a year, you are undermining our prosperity, job creation, and the economy. In 2022 and 2023, we fought it. In 2024 and 2025, we pleaded. But in 2026, we are shifting to gear 4, no backing down. Anyone who closes their shop, we will help them close it for one week. From next week, if they refuse to open by Monday, I will shut down the market and take over some of them,” Soludo declared.
He described traders’ repeated Monday closures as deliberate economic sabotage, stressing that the closure ordered on Monday was a protective measure for law-abiding citizens.
Security personnel, including the police, army, and other agencies, have been deployed to enforce the closure and maintain order. Soludo warned that non-compliant traders after the one-week shutdown risk a longer closure of up to one month.
The measure is part of the state government’s ongoing effort to end Monday sit-at-home practices, which have continuously disrupted economic activities across the South-East.
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