Columns
How $6.2m Stolen From CBN Within 24 Hours Was Shared
Published
12 months agoon
By
Ekwutos Blog
The sum of $6,230,000 allegedly stolen from the Central Bank of Nigeria (CBN), on February 8, 2023, was shared and invested into real estate, according to court documents.
The $6.2 million, according to the special presidential investigative team, led by Jim Obaze, that probed the tenure of the immediate past CBN Governor, Godwin Emefiele, was removed from the apex bank’s vault under the guise of paying election observers.
Emefiele is standing trial on an alleged 20-count amended charge, preferred against him by the Economic and Financial Crimes Commission (EFCC).
He 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 central bank chief.
In the court documents, investigators described the theft as an insider’s job, allegedly effected by mainly, CBN officials with the connivance of two outsiders, identified as Adamu Abubakar and Imam Abubakar.
According to the documents, investigators claimed that Odoh Eric Ocheme, Emefiele’s personal assistant, received $3,730,000 of the funds, with three other people splitting the remaining $2,500,000.
Ocheme was said to have justified his lion’s share by claiming he had to pay other interests he had within the apex bank.
In one of the court documents, it was revealed that some of the beneficiaries invested their shares of the loot, estimated at about N1.4 billion in real estate, part of which has now been recovered.
In an affidavit filed along with an extradition charge pending against Adamu Abubakar, Imam Abubakar and Odoh Eric Ocheme before a Federal High Court in Abuja, one of the investigators, a Deputy Superintendent of Police, gave details of investigators’ findings and progress made so far.
Adamu Abubakar, Imam Abubakar and Ocheme are said to be at large and are believed to have fled the country.
This informed the initiation of extradition proceedings against them before the Federal High Court in Abuja.
The Deputy Superintendent of Police was quoted to have said: “We commenced investigation into the case and obtained copies of the withdrawal slip as well as the accompanying documents, Central Bank of Nigeria memos, dated 07/02/2023 and 31/01/2023 respectively, staff identity card of one Jibril Abubakar, letter dated 2/01/2023 purportedly written by Muhammadu Buhari to Boss Mustapha and letter dated 20/01/2023 purportedly written by Boss Mustapha to Mr Godwin Emafiele, which the Central Bank of Nigeria, Abuja Branch relied on in making the payment.
“Investigation at the office of the President as well as the Secretary to the Government of the Federation in the Stale House revealed that the letters purportedly written by Muhammadu Buhari and for Secretary to the Government of the Federation (SGF) Boss Mustapha did not emanate from the offices respectively, while Jibril Abubakar, whose identity card was used to cash the money in question is not a staff of the office of the Secretary to the Government of the Federation.
“We watched the Closed-Circuit Television (CCTV) footages of the 08/02/2023 being the day the money in question was cashed, and the payee (Jibril Abubakar) could not be identified by the staff of either the CBN or that of the office of the Secretary to the Government of the Federation, where he falsely represented himself to be working.
“A further study of the Closed-circuit Television (CCTV) footage revealed that a staff of the Abuja Branch of the Central Bank of Nigeria, identified as Abdulmajeed Muhammad received the impostor (Jibril Abubakar) at the gate of the bank when he arrived on the fateful date: 08/02/2023.
“Abdulmajeed Muhammad was consequently arrested and in his statement made on 15/12/2023, he admitted helping the impostor into the Abuja Branch of the Central Bank of Nigeria, but claimed that he did that innocently, the impostor having been referred to him by Bashirudeen Maishanu; a Senior Staff of the CBN.
“Abdulmajeed Muhammad further revealed that prior to 08/02/2023 when the impostor came to cash the money in question, he (Abdulmajeed Muhammad) had been invited by Bashirudeen Maishanu to explain the procedure of public officials making cash withdrawal from the CBN as those persons claimed to be officials from the office of the SGF and that the then president had approved certain fund for official assignment.
“We visited Kuje Correctional Centre, where we interviewed Godwin Emefiele, who purportedly approved the memos authorising the payment, as then CBN and he denied seeing, talk less of approving such memos.
“We also arrested some concerned staff of the Central Bank of Nigeria, who denied any involvement in the crime, before we finally arrested Bashirudeen Maishanu, who corroborated the account of Abdulmajeed Muhammad and further confessed to have been involved in the crime which, according to him was perpetrated by himself and the first to third defendants/respondents – Adamu Abubakar, Imam Abubakar and Odoh Eric Ocheme.
“Bashiru Maishanu further confessed that himself, the first and second defendants/respondents (Adamu Abubakar and Imam Abubakar) shared the sum of $2,500,000.00 from the stolen money, while the third defendant/respondent (Odoh Eric Ocheme), being a fellow staff of the Central Bank of Nigeria, kept the balance of $3,730,000.00 claiming that he had other interests to settle in the CBN.
“Bashirudeen Maishanu further confessed that both himself, and the first and second defendants/respondents jointly invested the United States dollars equivalent of the sum of N1, 440,000,000.00 into real estate business of Afrolyk Global Ltd.
“The Managing Director of the said Afrolyk Ltd, Aminu Lawal has been arrested and he confirmed the investment by Bashirudeen Maishanu, Adamu Abubakar and Imam Abubakar, and already refunded the sum of $200 000 00 to the Special Investigator’s team as part of the money he (Aminu Lawal) received as part of the purported investment.
“Cash of about $400,000 00 has also been voluntarily returned by Bashiru Maishanu from part of his remaining share of the money in question. The money (the $6,230,000) was received in cash from the Central Bank at Nigeria and also shared in the same cash by the defendants/respondents and others, making it difficult to trace the monies without arresting the defendants/respondents.
“It was later revealed that the third defendant – Odoh Eric Ocheme – was the Personal Assistant to Godwin Emefiele as the CBN governor while the first and second defendants (Adamu Abubakar and Imam Abubakar) are businessmen and associates of Bashirudeen Maishanu.”
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Columns
NGF commiserates with Niger govt over devastating flood
Published
4 days agoon
May 30, 2025By
Ekwutos Blog
Nigeria Governor’s Forum, NGF, has commiserated with victims, the Niger state government and its people over the devastating flood disaster in Mokwa town of the state.
Governor Abdulrahman Abdulrazaq of Kwara State and Chairman of the forum, said in a personal statement on Friday that “the Nigeria Governors’ Forum stands in solidarity with the government and people of Niger State on the devastating flood that has wreaked huge havoc in Mokwa town of the state.
“We are shocked by the magnitude of the flooding, which has resulted in the loss of lives and properties in the community.
“We sincerely commiserate with the affected families and express our support to the state government at this difficult time.”
“We also commend the interventions of the Niger State Government and its coordination with the emergency responders to support the victims of this disaster,” the statement added.
Governor Abdulrazaq noted that the flood disaster “again reminds us of the stark realities of climate change and the accompanying effects on how we live.
“We commit ourselves as leaders of our people to continue to work with the Office of the National Security Adviser (ONSA) and the National Emergency Management Agency (NEMA) to not only help our people to cope with this global challenge, but to strengthen mitigative actions and relief institutions.”
He prayed God to console families who had lost loved ones and properties in the Mokwa incident and urged the citizens to support the government’s efforts to mitigate the impacts of climate change and cooperate with agencies working to assist those in urgent need at this time.
Columns
‘Spiritual Solution’ is Needed to Surmount Insecurity in Nigeria – Chief of Naval Staff
Published
1 week agoon
May 24, 2025By
Ekwutos Blog
The Chief of Naval Staff (CNS), Vice Admiral Emmanuel Ogalla, has said that a “spiritual solution” is part of what Nigeria needs to overcome the growing wave of insecurity across the country.
Ogalla made the remark at Navy Town, Asokoro, Abuja, while commissioning three newly completed places of worship as part of activities marking the 69th anniversary of the Nigerian Navy.
Addressing officers, personnel, and guests, the Naval Chief emphasised the role of spiritual fortitude in combating national threats such as insurgency and terrorism, Ogalla said;
“We recognise that the challenges of insurgency, terrorism, and other forms of irregular threats that are facing us today are challenges that require a whole of society approach,”
“So, while we look for the military solutions, we also believe that the spiritual solution is part of what we need to be able to surmount them,”
Columns
How I flew Buhari around during 1983 coup – 80-year-old ex-Nigeria Airways pilot
Published
2 weeks agoon
May 24, 2025By
Ekwutos Blog
Eighty-year-old retired pilot, Captain Jaiyeola Adeola, shares with TEMITOPE ADETUNJI his journey from a carefree childhood to becoming a pioneering Nigerian pilot. He also reflects on his 35 years in aviation, witnessing the rise and fall of Nigeria Airways, changes in the country over time, and other issues
In those days, what was it like growing up as a child compared to now?
Things were easier. We had everything we needed—surplus food, good education, good schools, and security. As children in primary school, we went to school unaccompanied. We played football until dusk, and no one was afraid.
We went to the farm far from town without fear. We were free, we had fun, we had friends, and we were close. Life was peaceful. People didn’t place such emphasis on money as they do now.
Young people today are chasing money and can do anything to get it. Back then, even as kids, we didn’t really care about money. Fruits were free; food was free. We had enough. Maybe two or three pairs of shoes; in fact, most of us went to school barefooted, and it didn’t bother us.
Material things didn’t mean much. What we had was contentment. We were happy and had a very good childhood. We were raised in church, and the Christian upbringing was quite strict.
They could read and write Yoruba fluently but were not formally taught English.
What values did they instill in you that helped shape your life?
Discipline; that was the main thing. We weren’t allowed to misbehave. Of course, we were pampered and had everything we needed, so there was no reason to steal or misbehave. The Christian discipline was strict. You couldn’t just leave the house without informing your parents, and you couldn’t stay out too long without facing punishment.
We had responsibilities from the age of 10. We had to wash all the kitchen utensils, clean the house, and sweep designated areas before going to school. We woke up as early as 6 a.m. to do our chores. We were taught responsibility.
I read about you and saw that you were referred to as a captain. Is that correct?
Yes, back then, the government was well-administered and transparent. After technical school, I got my first job with Guinness in 1965 as an electrical technician.
It was while working there that I saw an advert in the newspaper for aircraft pilot training. I applied and sat the exam. The exam was conducted by a division of WAEC named TEDRO (Test Development and Research Organisation).
We had about three stages of the exam in Lagos. Eventually, we were sent to Zaria to what is now known as the Nigerian College of Aviation Technology for the final stage.
We stayed at the college for two weeks, had classes, and were tested. I was fortunate to be selected as one of the student pilots. At that time, only 22 students were admitted from across the entire country. I was in Course 3; the school restarted in 1967. I was admitted in 1969. It was a two-year program.
So, what was the process of training like back then?
It was a full-time, two-academic-year course, including theory and practical flying training. We started with small, light aircraft that could take only the instructor and the student. Then we moved on to larger ones that could seat about four passengers and two pilots.
Those aircraft had two engines. The final qualification required us to take the UK Civil Aviation Authority exams. A UK check pilot was sent to test us in flying. That was how we obtained our commercial pilot licenses.
At what age did you become a pilot?
I was 26.
Nigeria Airways used to be a symbol of national pride. As someone who rose to the position of General Manager for West Africa, how would you describe its golden years?
I graduated from Zaria in 1971 and worked as a flying instructor until 1976.
Then I joined Nigeria Airways in 1976 as a co-pilot and became a captain in 1981.
I was appointed General Manager Operations for West Africa, the ECOWAS region, and served for some years. It was an extra appointment while I was still flying. I remained a captain until the president shut down Nigeria Airways.
What can you say about the closure of Nigeria Airways?
It was a disaster. Aviation was destroyed in Nigeria; that’s the best way to put it. The airline was operational. When the Federal Government shut down the airline, we pleaded with the president not to. We believed we could keep it going.
The MD at the time, Mr. Abayomi Jones, an excellent manager, came from Lufthansa, where he served as General Manager. After his retirement, he was employed as the Managing Director of Nigeria Airways. He did a great job by keeping the airline afloat.
We appealed to the administration not to shut it down. Mr. Jones even told the government, ‘Don’t give us any money. We don’t need funding from the government. Just leave us alone and let us manage and operate the airline ourselves.’
However, we never really understood what motivated the government. Despite all our pleas and the evidence we provided showing the airline was still functional, he insisted on shutting it down.
So, what was your next move after that happened?
In 2004, I joined ADC Airlines as a captain. While there, I was also appointed Director of Flight Operations for some time. But in 2006, ADC had an accident in Abuja, and the government shut it down.
From there, I joined Capital Airlines as Director of Flight Operations, then left in 2009 to work with Allied Air, a cargo airline, as a project coordinator for their fleet change.
After that, I moved to HAK Air as General Manager. Captain Harrison Kuti brought in five Boeing 737s to start an airline. I left after some months due to disagreements on standards.
I also had the opportunity to serve in the Nigerian Civil Aviation Authority on a two-year renewable contract as Operations Safety Inspector from 2014 to 2016. My contract was not renewed by the DG then, and I left in 2016.
Another opportunity came from Ibom Airlines Limited, and I participated in the certification and launch of the airline as the pioneer Director of Flight Operations until 2021, when I left and decided to retire.
You must have met world leaders, presidents, business moguls, and even military rulers during your time. Do you have any interesting or shocking encounters that you will never forget?
Well, I was a pilot for some of the head of state flights when I worked with Nigeria Airways. I flew as co-pilot when General (Olusegun) Obasanjo went to Khartoum (the capital of Sudan) for an OAU meeting when he was the head of state. I was on the 707 flight to Khartoum.
I also flew General (Muhammadu) Buhari around during the 1983 coup. I remember that for about two or three days, the government hadn’t been formed, and General Buhari, who led the coup, was moving across the country. I was the pilot who flew him around during those three days.
Again, I flew General Ibrahim Babangida to Nairobi when he was head of state. Some of these leaders would sit one-on-one with us in the cockpit and discuss issues concerning Nigeria. They often came into the cockpit to greet us and sometimes stayed for over an hour. I had personal interactions with many of them while working.
Nigeria Airways essentially served as the presidential fleet before an official one was created. Many of these leaders, I would say, didn’t fully understand what nationhood meant. For many of them, leadership was more of an adventure.
Nigeria today seems very different from the country you grew up in. What do you think has changed the most, for better or for worse?
One of the problems I observe today is the collapse of the government secretariat. Back then, you could walk into a Federal Government office and get things done officially. The civil service was efficient and disciplined. Civil service rules were strictly followed.
Today, the secretariat seems to have moved to party headquarters or some hidden office. The same thing applies at the state level. Civil servants no longer play a meaningful role in administration. Everything is centered on the president or the governor. But it is the secretariat that should manage the state, not the governor alone.
That’s a major issue. Politicians have destroyed the civil service. Most workers are now cronies with no interest in actual work. They are inefficient, often unqualified, and not competent enough to manage the portfolios or departments assigned to them.
Now, even processing a document in a government office is a herculean task. You could conduct a survey just by observing the conditions of these offices. Even the furniture and office setup for civil servants are substandard, and so is their condition of service.
Can you describe the feeling of moving or diversifying from electrical engineering to becoming a pilot? What was the experience like?
It was a wonderful experience for me. My earlier technical training involved machines and equipment, so when it came to aircraft, I found it easier to grasp many of the technical aspects. The course was quite difficult, with a very narrow margin for failure.
If you failed a test or didn’t pass a progress check, you would be expelled. Out of the 22 people who started the training in my class, only 12 of us completed it. The rest were expelled for failing tests or underperforming.
How old are you?
I am 80-years-old.
Let’s talk about marriage. You’ve been married for decades. What is the secret to staying together in a world that seems to celebrate divorce and side chicks?
Well, I’ve been married for 52 years now. I believe the issue with many young people today is indiscipline and intolerance. Also, the influence of Christian values is not as strong as it used to be. Many people shout, ‘Praise the Lord’ without truly living by the teachings of Christianity. If you love someone, you wouldn’t want to hurt them.
If you get married in love, you won’t want to do anything to harm your spouse. Of course, there will be disagreements, but as someone once said, ‘A little argument should not destroy a great friendship.’ Differences of opinion are natural, but they shouldn’t lead to fights. Today, people lack discipline. Discipline is doing the right thing, even when it’s uncomfortable or inconvenient.
How did you meet your wife?
I met my wife through a friend. His girlfriend was in the same school as my wife.
Was it secondary school?
No, it was the Federal School of Radiography in Lagos. They were radiographers. We visited them one day, and among the group, something clicked between my wife and me. Since then, we’ve been together.
What were the things you saw in her that made you feel like ‘yes, she is the one?’
I saw that she cared. She was honest and simple. Our courtship was quite beautiful. We respected each other’s preferences. What she liked, I accepted. What I liked, she tolerated. There was no ‘it must be my way’ attitude.
How long were you in a relationship before getting married?
About 15 months, roughly a year and a half.
You were a man of the skies. Did your career ever cause tension at home, and how did your wife cope with your frequent travels?
That’s one of the things I really appreciate about her. She is wise, strong, and devoted to the family. We also had a close relationship with colleagues and friends, so my absence didn’t lead to loneliness. Plus, we had four boys, so she had her hands full. She was also working, so she was busy.
So, what can you say is the secret to your marriage?
We love each other and are very close. What worked for us was the decision not to fight over any issue. There is no issue that cannot be resolved. If you must fight, it has to be over something significant. Otherwise, it’s not worth it. We don’t fight.
Do you believe Nigeria can ever return to the kind of country you once knew—disciplined, visionary, and orderly?
The only way Nigeria can return to that path is if Nigerians start telling the truth, even to themselves. Ethnic groups are not truthful with one another. We’ve lived together for too long and are too integrated for any breakup to work without disaster. Intermarriage, shared communities— all of these make the country’s separation unprofitable.
But people are dishonest and selfish. I think we’ve been acting foolishly as a nation. If you allow me to say it, I’ve always seen Nigeria as a paradise that God created and placed us in to flourish and enjoy. Instead, we’re busy tearing at one another viciously and behaving foolishly, and no one is enjoying the paradise.
That’s why I once thought of writing a book, but I couldn’t put it together. The title I had in mind was ‘The Aches and Pains of a Foolish Nation.’
We’re suffering not because Nigeria lacks resources; the country is wealthy and rich in every sense, but because we are not applying science, education, or strategic planning.
If you study what Chief Obafemi Awolowo did, you’ll understand. If every Nigerian had Awolowo’s mindset, Nigeria would be the China of Africa today.
Right now, no one is developing anything. Everything revolves around governors or the president. But the real influencers are the people around them. Unfortunately, they are also part of Nigeria’s biggest problems.
What are the things you are grateful to God for?
There are many things. First and foremost, I flew airplanes for 35 years without a single incident or accident. That kind of safety can only be by the grace of God. It certainly wasn’t by my own power. I’ve always believed that God is the true captain of every flight.
I remember a small poster I came across while serving as a safety officer. It read, ‘If God is your co-pilot, swap seats.’ That message stayed with me.
Whether in aviation or in everyday life, I believe we should all make God the captain of our journey.
We should take the co-pilot seat because if you’re sitting in the captain’s seat, you’re claiming to be in control, but the true power and direction come from Him.
Where is your wife from?
She’s from Warri, Delta State.
As a Yoruba man, what was your family’s initial reaction to your decision to marry a woman from a different ethnic background?
Since I was 20, when I took my first job, no one in my family has had anything to do with the decisions I made, or the life I lived. Not even my brother or parents. I’ve been independent since then. So, I didn’t even have to involve them. Fortunately for me, my wife speaks Yoruba fluently.
At this age, having the privilege to be alive and see your grandchildren, how do you feel?
I feel happy. I speak with them every week, twice a week. There are five of them now. I speak with them quite often.
Are you involved in anything now that you are retired?
I am currently the President of the Alumni Association of the Nigerian College of Aviation Technology, Zaria. I also serve on the Board of Trustees of the Wings Support Family Foundation.

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