Neither Emefiele nor his wife were beneficiaries of money paid into three companies’ accounts mentioned before the court -EFCC witness

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The 5th EFCC prosecution witness, Mrs. Ifeoma Ogbonnaya, a graduate of Archeology and Tourism who is also a manager at Zenith Bank under cross by examination on Wednesday July 10 by Godwin Emefiele’s lawyer, Olalekan Ojo SAN, told the court that neither Godwin Emefiele nor his wife, Margret, were beneficiaries of the inflow of money into the accounts of three companies mentioned before the court.

Mrs. Ogbonna, also informed the court that the bank did not obtain the documents, board resolution or any document portraying the ex-CBN boss and his wife as beneficial owner of the accounts of the companies – Limelight, Comec and Answin Limited. She confirmed that none of them was named in the account opening mandate to sign banking instructions on the accounts.

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She responded that one Madam Augustina is the signatory and not Mrs. Emefiele. The Customer instructions to honour transactions on any of the accounts were not emanated from them as the instruction were always in writing.

She was asked to confirm that the instructions the bank must honour are those given by the account holders and none other.  She was give account opening package of Limelight Limited to confirm the signatories of the company. She confirmed that the signatories are Stephen Ogwa and Patricia Esan while the shareholders of Limelight Limited were Omoile Augustina Onuwa and Oriekose Augustina and Ibrahim Taofeek as the document from CAC confirmed. Godwin, his wife Mrs. Emefiele are not Shareholders neither are they directors of the companies. She reiterated that she never attended any board or Management meetings of these companies, apart from managing them

Having looked through account opening package, she confirmed that there was no document that shows the names of Margaret Emefiele and Godwin Emefiele or link them to the companies, because they were not involve in any authorisation of the transactions. All the money paid into the accounts of the companies by central bank were not authorized by Godwin Emefiele, she confirmed this after going through the narration of the payments which has been tendered before the court.

The presiding Judge, Abdulraham Oshodi, has adjourned till October 28, 30, 31, 2024 for continuation of trial.

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