The embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been accused of illegally awarding 45 contracts worth N1.2 billion…CONTINUE READING>>...CONTINUE READING
The third prosecution witness, PW3, in the trial of Emefiele, Oluwole Owoeye, told the High Court of the Federal Capital Territory, FCT, Abuja, presided over by Justice Hamza Muazu that all the 45 contracts awarded by the erstwhile governor of the apex bank, did not go through the Contract’s Tender Committee of the bank.
The Economic and Financial Crimes Commission (EFCC), in a statement by its spokesperson, Dele Oyewale said: “Owoeye, head of the secretariat of the Major Contract Tender Committee (MCTC) disclosed to the court that any contract in excess of N10million must go through MCTC, however, the award of the contracts, though within the threshold of the contract that ought to have gone through MCTC, did not go through the committee.
“The witness also explained that, when contractors submit their bids, it is the responsibility of the committee to vet the companies by ensuring that the particulars of directors are disclosed to the bank, so as to prevent the award of contracts to companies in which any staff of the CBN is a director…CONTINUE READING>>
