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Speaker 1: Federal High Court setting in Lego States, has fixed November first,

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twenty twenty four to rule on the application block before

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it by the Economic and Financial Crimes Commission EFCC for

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the final forfeiture of the properties and moneys linked to

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the former Central Bank of Nigeria c B and Governor

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Godwin Mphila, who is currently facing series of lawsuits at

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different courts across the country over his administrative behaviors and

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operational decisions while he was the EPEX Bank Governor in

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the West Africa country. Justice then then the Paulu of

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the Federal High Court in Legos on Friday, refused to

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stay for the proceedings in the suit filed by the

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Economic and Financial Crimes Commission EFCAC seeking the forfeiture of

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properties and moneys linked to a former governor of the

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Central Bank c B and Godwin m Phila. Mfila had

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thrown his lawyer, lalakan Oju San urged the judge to

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stay proceedents spending the hearing of an appeal he filed

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before the Court of Appeal c KIS to notify the

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temporary forficure order earlier granted by the court rejecting the

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plea just as then they The PAOULU held that interested

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parties had the right to approach the Court of Appeal,

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which must be contingent on the trial court’s decision. The

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court also held that an appeal flows from the decision

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of a trial court, but in the instant case, the

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court had not meant any decision as to any application

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filed or as to the substantive issues in the suit.

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During the court setting on September twelfth, o Jil had

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arged the court to stay for the proceedings in the case,

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spending the determination of the banker’s appeal. Mphilaise lawyer o

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jol has said, why urging your Lordship to stay proceedings

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spending the hearing and determination of the appeal court to

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avoid judicial rascality. E FCC lawyer Rotary Oedepo Sam objected,

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insisted that no application from MFILA was taken and ruling

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on god crystallized to an appeal. Justice de Paolo on

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Friday therefore fixed November first, twenty twenty four to rule

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on their application by the Anti Graft Agency for final

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for feature of the two point zero four five million

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dollars several choice landed properties and chas linked to Mphiley. Meanwhile,

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in another court entertaining a case of alleged fraud against

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the former cib AND Governor Godwin Mphiley, a former deputy

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governor of the EPEX bunk test five before the Federal

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High Court in Abuja on Win that Mphili didn’t have

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the Nigeria President Mohammadu Buhari and CB Edmund’s approval for

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naira redesign that led to scarcity of the naira notes

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in the country prior to the February twenty twenty three

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general elections in the country. EFCAC, in a news release,

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reported that Edward Adamu, false prosecution Witness p W four

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in the trial of the former Governor of the Central

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Bank of Nigeria CB and Godwin Mfil on Wednesday, October ninth,

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twenty twenty four, told Justine Marian and aemy of the

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Federal Capital Territory fcit I called Metema, Abuja that Emaphila

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did not have the approval of either formal President Muhammadu

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Buhari or that of the cib AND Board for the

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twenty twenty three redesign of Nayra notes as required by

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the rules led in evidence by Prosecution Council Rotemi Oidepo,

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san Adamu disclosed that the usual process for currency redesign

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begins with the Director of Currency Operations submitting a proposal

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to the Committee of Governor’s CORG. The CG then transmits

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the proposal to cb and Board for approval, with the

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final stage being the seeking of presidential endorsements m phil.

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He said by past sins procedures by simply calling for

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a c ORG meeting and presented what he claimed was

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a presidential approval and proceeded with the redesign straight away.

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Be aware of it in October twenty twenty two when

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the Governor informed us the Deputy governors that he had

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gotten an experience approval to redesign the currency. Then on

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the twenty sixth of October twenty twenty two, we were

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formally informed of the presidential approval of the redesign. So

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that is what happened in October. Then there was a

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formal announcement of the current series design. At the meeting,

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the Governor showed us the approval of the President by

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showing us the page where the approval of the President is. Subsequently,

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there was a bold meeting of the Board of Directors

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while we were also informed of the presidential approval of

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the current series design, he said. He further disclosed that

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the current designs of the notes fundamentally different from what

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was originally approved, stating that m filing unilaterally went the changes.

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The redesign affected two hundred lives rus, five hundred lyras

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and one thousand lyers notes. When the defense counsel Lanecan

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or Josan sought to know if there had been instances

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where a presidential approval was gotten for an action before

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the CB and Board was informed, the witness stated that

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such was not the practice during his time at the

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Apex Bank. Justice and then he discharged the witness from

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the dock at the end of the cross examination and

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adjoined the matter till October seventeen, twenty twenty four, for

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continuation of trial. Sas one Lady Greeny you Renie in

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a more digital way