• About
  • Advertise
  • Our Privacy Policy
  • Contact
Monday, April 13, 2026
No Result
View All Result
  • Login
  • Register
MetrowatchXtra
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
No Result
View All Result
MetrowatchXtra
No Result
View All Result
Home BUSINESS

FACT-CHECK | Did Godwin Emefiele, Tunde Lemo Return Trillions to Nigerian Government? | METROWATCH

MetrowatchXtra by MetrowatchXtra
November 24, 2023
0 0
0
*Mr. Godwin Emefiele (l) and Mr. Tunde Lemo (r).

*Mr. Godwin Emefiele (l) and Mr. Tunde Lemo (r).

.By METROWATCH Reporter

News report…
A section of the Nigerian media  has been awash with reports that the former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, had voluntarily returned N4 trillion to the Nigerian government to end his ongoing travails.

Emefiele’s former deputy, Tunde Lemo,  was also reported to have returned another whopping sum of $500m to the coffers of the same Nigerian government as part deal to allow him breath.

These are no doubts, mind blowing claims that have been flying in the media that needed to be scrutinised to establish their veracity.

Origin of the story…

metrowatchxtra.com confirms that this report was published on an online News website,  News Band, it gained traction on the social media.

It was posted on X (formerly Twitter) by Jackson Ude, a journalist and the tweet, which has since gone viral, had, at the time of this report, recorded more than 800 likes and reposted by almost the same number of readers.

“Jim Osayande Obazee, a renowned forensic expert, appointed by President Bola Tinubu about five months ago to investigate the Central Bank of Nigeria (CBN) and related entities, was reported to have recovered over N12 trillion looted mostly by members of the former President Muhammadu Buhari’s administration.

“The former CBN Governor, Godwin Emefiele, allegedly returned N4 trillion, gave up ownership of six banks linked to him, while a Deputy Governor, Tunde Lemo, refunded $500 million. The Committee has also rejected several millions of dollars in bribe offers from former members of the Buhari’s Government,” Ude tweeted.

READ ALSO  Nasarawa Assembly names Principal Officers | METROWATCH

Our Check…

Checking the veracity of the tweet, metrowatchxtra.com contacted relevant agencies, including the Ministry of Finance.

But the Director Press, Federal Ministry of Finance, Philo Odosin, said the Ministry had no record of such.

“Just confirm from the source of the story where he got the story from,” she said.

Also, our reporter contacted Mr Lemo, who was enraged over the claim in the report and described it as a “tissue of lies.”

“There is no iota of truth in the publication,” he said in an initial response to the report.

His lawyers, Zest Partners, Abuja, in a letter dated November 22, 2023, to News Band, which published the false report, demanded a retraction within 24 hours, warning the website could face further action.

“It is our client’s express instruction that he did not at any time take any $500,000, 000 from the Nigerian Government warranting a refund. That he did not refund $500,000,000 or any amount to the federal government of Nigeria either through the Special Investigator of the federal government or any agent of the government or any person by whatever name called.

“Our client finds the statement defamatory and an attack on his personality to malign him in the eyes of well-meaning Nigerians and his friends outside Nigeria,” the letter stated.

Just the Lemos, the Emefiele’s  has also described the report as false and an attempt to continue to malign the reputation of the top banker. Emefiele was Group Managing Director of Zenith Bank Plc, before his appointment as CBN Governor in 2014 by former President Goodluck Jonathan.

READ ALSO  JUST IN: CBN Directs Banks to Trade Forex Freely as Naira Hits N755/$ | METROWATCH

The family said: “This is another lie. The same pattern of lies they have been writing about Godwin Emefiele to destroy his name and reputation. If you follow his persecution, you will clearly see that it is a case of pure witch-hunting and harassment of someone who served this country to the best of his ability. People know the truth. The world knows what is going on. His sin is the naira redesign policy, which former President, Muhammadu Buhari has said he approved to protect our elections from vote buying and fraud.

“Nigeria just passed a N2.1 trillion supplementary budget that is being funded by borrowing. Will the country need to borrow if it has such so-called refunded money?”, asked a family source.

The News Band, the news website that first published the false story and also  Mr Ude could not be reached for their reactions as phone calls to their known number were not successful.

Result of the Fact-check…

The news reports going round in the social media spheres that Mr Godwin Emefiele returned N4 trillion to the Nigerian government is false.

Similarly, the news claiming that former CBN deputy Governor Tunde Lemo returned the sum of $500 million to the government is also false

 

Tags: CBNGodwin EmefieleJim ObazeeTunde Lemo
MetrowatchXtra

MetrowatchXtra

RELATED POST

CBN Scraps Deposit Limits, Increases Weekly Withdrawal Threshold
BUSINESS

CBN Concludes Recapitalisation as 33 Banks Raise N4.65trn

by Kemi Sheriepha
April 1, 2026
0

The Central Bank of Nigeria (CBN) has announced the successful conclusion of the banking sector recapitalisation programme initiated in March...

Read moreDetails
CBN Scraps Deposit Limits, Increases Weekly Withdrawal Threshold

CBN Releases New Age Limit, Guidelines on BVN Operation

March 14, 2026
CBN Scraps Deposit Limits, Increases Weekly Withdrawal Threshold

JUST IN: CBN Cuts Interest Rate to 26.50%

February 24, 2026
CBN Scraps Deposit Limits, Increases Weekly Withdrawal Threshold

CBN Forecasts Petrol Price at N950 Per Litre in 2026

January 10, 2026
NCC, CBN Set to Roll Out Refund Framework for Failed Airtime, Data Transactions

NCC, CBN Set to Roll Out Refund Framework for Failed Airtime, Data Transactions

January 9, 2026
Crypto ban: CBN fines Banks N800mn for Concealing Customers’ Deals

Nigeria Reaffirms Commitment to Economic Stability at US–Nigeria Business Roundtable

December 17, 2025
Load More

APO

Recent Posts

  • Okpebholo Mourns Gen Braimah, Says ‘Sacrifice Won’t Be Forgotten’
  • 2027: APC Disowns Viral Timetable for Primaries, Describes Document as Fake
  • NRC Calls for Stronger Rail Links to Ports
  • Libya Approves First Unified Budget in 13 Years after US Intervention
  • Nigerian Govt Orders Withdrawal of Passports from Citizens Who Renounce Nationality

Recommended

Edo Axes Top Govt Officials over Idogbo Secondary School Rampage

Edo Axes Top Govt Officials over Idogbo Secondary School Rampage

4 years ago
Nnamdi Kanu’s Family Kicks Against Alleged Media Misrepresentation of Court Proceedings

JUST IN: Nnamdi Kanu Fails to Open Defence, Cites Denial of Access to Case File

6 months ago
MetrowatchXtra

MetrowatchXtra is an online daily newspaper poised to act as a catalyst in our debate and desire for well-governed Nigeria and provide the much-needed platform for all, irrespective of social, religious or political divide, to express their views.
Metrowatchxtra Nigeria

  • About
  • Advertise
  • Our Privacy Policy
  • Contact

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Sports
  • Tech
  • Health

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved