HomeBreaking NewsAlleged $4.5bn Fraud:    Court Admits Co-Defendant’s Statement in Emefiele’s Trial

Alleged $4.5bn Fraud:    Court Admits Co-Defendant’s Statement in Emefiele’s Trial

-


Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on Monday, May 4,  2026, ruled that the extrajudicial statement made by Henry Omoile, co-defendant to the erstwhile Central Bank of Nigeria (CBN) Governor Godwin Emefiele, is admissible in court.

Omoile had challenged the admissibility of his statements to the Economic and Financial Crimes Commission (EFCC), alleging that it was obtained under oppression and inducement.

This led to a “Trial-within-Trial” to determine the voluntariness or otherwise of the statement.

Omoile is currently facing a three-count charge bordering on unlawful acceptance of gifts as an agent, while Emefiele is standing trial on a 19-count charge filed by the EFCC, bordering on alleged gratification and corrupt demands during his tenure as CBN Governor.

Both defendants pleaded not guilty to all charges.

At Monday’s hearing, C.C. Okezie appeared for the prosecution, while Labi Lawal, SAN, appeared for both first and second defendants.

In his ruling, Justice Oshodi held that the prosecution had successfully proven that the statements obtained on February 26,  2024, were made voluntarily and not under any form of inducement, threat, or coercion.

“I have carefully considered the evidence presented during the mini-trial. The environment was active, and there is no evidence that the second defendant was physically harmed. I am satisfied that the prosecution has proven beyond a reasonable doubt that the statement was made voluntarily,” the judge stated.

The court further ruled that the statements made on February 26, 2024, marked as Exhibits 1–3, were not obtained under duress and were therefore admissible as evidence.

Following the ruling, Justice Oshodi adjourned the case to June 26, June 30, and July 6 and 8, 2026, for continuation of the trial. #Securitynewsalert.com

SUPPORT US

At Priceless Media Publishing Nig. Ltd /Securitynewsalert.com, we are steadfast in our commitment to independent journalism: reporting that is fearless, impartial, and free from the interference of powerful personalities, politicians and government interests.

Without corporate sponsorships or political affiliations, our ability to investigate freely rests in the hands of the people we serve—you!

Every donation helps us expose the truth, amplify silenced voices, and hold power accountable.
Stand with us because journalism should serve the people, not power.

• Account Name: PRICELESS MEDIA PUBLISHING NIG. LTD
• Account Number: 1943445259
• Bank Name: ACCESS Bank

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

US, Nigerian Forces Neutralise ISIS Global Second-in-Command Abu-Bilal Al-Minuki in Borno Air-Ground Strike

 Nigerian troops and United States forces have neutralised Abu-Bilal Al-Minuki, the global second-in-command of ISIS, during a precision air and land strike in Borno State. The...

Nigeria, U.S. Forces Eliminate ISIS Senior Leader in Joint Lake Chad Operation, Says Tinubu

President Bola Ahmed Tinubu has announced the successful elimination of a senior Islamic State commander, Abu-Bilal Al-Manuki, during a joint counterterrorism operation conducted by Nigerian...

FBI Warns Seniors Lost $4.8bn to Fraud in 2024 as Americans Share Scam Experiences

The Federal Bureau of Investigation has marked National Senior Fraud Awareness Day with a warning about the growing threat of scams targeting older Americans, revealing...

NDLEA Uncovers Drug Caves, Arrests 19 Suspects in Kano Raid

The National Drug Law Enforcement Agency (NDLEA) has uncovered and dismantled a network of underground caves and tunnels allegedly used for illicit drug activities in...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img