Alleged Fraud Unveiled:Boss Mustapha says Buhari’s Signature on CBN Withdrawal Found Fake

In a dramatic turn of events, the ongoing trial of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, witnessed a startling revelation as Boss Gida Mustapha, the Second Prosecution Witness (PW2), testified before Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court, Maitama, Abuja. Mustapha, who served as the Secretary to the Government of the Federation, categorically stated on Tuesday, February 13, 2024, that neither former President Muhammadu Buhari nor himself authorized a memo directing the CBN to disburse $6,230,000 in cash for international election observers during the 2023 general election.

Mustapha’s testimony shed light on the alleged fraudulent transaction, vehemently denying any knowledge or involvement in the matter throughout his tenure. He asserted that the purported document bearing Buhari’s signature did not originate from the President’s office. Emphasizing the absence of any official record regarding such a transaction, Mustapha stressed that he never encountered any documentation pertaining to the said withdrawal during his five years and seven months in office. Moreover, he challenged the authenticity of the correspondence presented by Emefiele, questioning the unusual reference number and the absence of the President’s seal, which he argued would have sufficed as the ultimate authority.

Highlighting procedural irregularities, Mustapha pointed out discrepancies in the document’s language and format, refuting its legitimacy based on his extensive experience as a custodian of official records. He underscored that the Nigerian government, as per his knowledge and experience overseeing electoral processes, had no involvement in financing foreign observers, thereby casting further doubt on the authenticity of the alleged directive. Mustapha’s testimony not only exposed potential fraudulent activities but also raised questions about the integrity of the documentation presented by the prosecution, significantly impacting the trajectory of the trial.

Implications and Legal Ramifications of Mustapha’s Testimony

Mustapha’s compelling testimony reverberates beyond the confines of the courtroom, igniting a wave of scrutiny and speculation regarding the alleged fraudulence surrounding the $6.2 million withdrawal from the CBN. As the trial unfolds, the revelation of Buhari’s purportedly forged signature raises grave concerns about the manipulation of official documents for illicit financial transactions. The credibility of Emefiele’s defense hangs in the balance, with Mustapha’s testimony challenging the veracity of crucial evidence presented by the prosecution.

Furthermore, Mustapha’s assertion regarding the Nigerian government’s non-involvement in financing foreign observers during elections underscores broader implications for electoral transparency and accountability. The revelation not only casts doubt on past financial practices but also prompts calls for enhanced oversight and regulatory mechanisms to safeguard against future abuses of power. Beyond the immediate legal ramifications, Mustapha’s testimony underscores the imperative for systemic reforms to fortify institutional integrity and uphold the rule of law.

As the trial progresses, stakeholders eagerly await further revelations and legal proceedings that promise to unravel the intricate web of alleged fraudulence surrounding the contentious withdrawal from the CBN. Mustapha’s testimony serves as a pivotal moment in the pursuit of justice and accountability, shaping public discourse and catalyzing demands for transparency and accountability within Nigeria’s corridors of power.

Alleged Misappropriation of Funds: Testimony by Mustapha Reveals Discrepancies

In a recent courtroom drama, Mustapha, a key figure implicated in the alleged misappropriation of funds, took the stand to testify. Under questioning from prosecution counsel Rotimi Oyedapo SAN, Mustapha clarified discrepancies regarding the date and nature of a Federal Executive Council (FEC) meeting, which is central to the case. Contrary to claims, Mustapha asserted that the meeting in question was not the 187th session but rather the first meeting of the year, held in January 2023, and chaired by the Vice President due to the absence of the President. He adamantly stated that no agenda items related to foreign observers were discussed or approved during this meeting, debunking assertions of any financial approvals.

Additionally, Mustapha vehemently denied any involvement in the approval process for the funds under scrutiny, disavowing knowledge of the letter in question. He argued that the letter’s defective header and lack of FEC approval undermined its authenticity, emphasizing his limited involvement in CBN operations and his inability to correspond on such matters. Furthermore, he distanced himself from any association with a purported Special Taskforce and disclaimed knowledge of an individual named Jibril Abubakar, alleged to be involved in coordinating the task force.

Cross-Examination Unveils Firm Denials

During cross-examination by Mathiew Bukka SAN, Mustapha maintained his stance, asserting that he neither received nor benefited from any portion of the disputed funds during his tenure or thereafter. He reiterated his lack of acquaintance with Jibril Abubakar and refuted allegations of collusion or financial impropriety. Despite widespread social media speculation implicating him in the scandal, Mustapha asserted his innocence and emphasized his efforts to clear his name through a press release, urging thorough investigation to uncover the truth.

Legal Proceedings and Future Directions

Following Mustapha’s testimony, Justice Muazu adjourned the proceedings until March 7, 11, and 25, 2023, signaling the continuation of the trial. As the case unfolds, the testimony provided sheds light on the intricacies of the alleged financial misconduct, highlighting the importance of due process and the pursuit of justice. With conflicting accounts and mounting scrutiny, the court remains poised to unravel the truth behind the tangled web of accusations, ensuring accountability and upholding the rule of law.