Court summons former FRC Executive Secretary and Police Commissioner in Emefiele's $6.23 million fraud trial
via Punch Nigeria1 min read
The Federal Capital Territory High Court in Abuja has summoned Jim Obazee, former Executive Secretary of the Financial Reporting Council of Nigeria, and Commissioner of Police Eloho Okpoziakpo, to testify in the ongoing trial of Godwin Emefiele, former Governor of the Central Bank of Nigeria. Justice Hamza Mu鈥檃zu issued the subpoena on April 27, 2026, ordering both individuals to appear in court on April 28, 2026. Emefiele faces an amended 20-count charge from the Economic and Financial Crimes Commission, including alleged criminal breach of trust, forgery, abuse of office, and conspiracy to obtain $6.23 million by false pretense. The court noted that Obazee and Okpoziakpo participated in the investigation leading to the charges and are expected to provide evidence, including a newspaper publication related to the naira redesign policy. The trial will continue with their testimonies.
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This summary was AI-generated from a story originally published by Punch Nigeria.
BreakingElon Musk, CEO of SpaceX, has become the first individual in history to achieve a net worth exceeding $1 trillion. This milestone was reached following SpaceX's initial public offering, which priced shares at $135. Shortly after market open on Friday, the company's shares, trading as "SPCX" on the Nasdaq, rose to $165, an increase of approximately 22% above the IPO price, pushing SpaceX's valuation above $2 trillion. Prior to this listing, Musk's estimated fortune was $813 billion, which was more than double the wealth of the world's second-richest person, Google co-founder Larry Page, valued at about $288 billion. Musk's current net worth now surpasses the combined wealth of Larry Page, Sergey Brin, and Larry Ellison. SpaceX, which includes Starlink and xAI, is now the sixth-largest publicly traded company in the United States by valuation, trailing Nvidia, Alphabet, Apple, Microsoft, and Amazon.
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