Richard Agulu, a former Zenith Bank employee on Tuesday told the Federal Capital Territory (FCT) High Court in Maitama, Abuja, that he received an oral waiver from the bank’s management to process more than N5 billion in disputed transactions outside the lender’s standard operational procedures.
Agulu, the third prosecution witness (PW3) in the ongoing trial of
Godwin Emefiele, former Central Bank of Nigeria (CBN) governormade the disclosure during cross-examination by Mathew Burkaa, SAN, counsel to Emefiele.
Agulu said the waiver was granted by Macauly Ihekoronye, then Zenith Bank’s head of operations, because the transactions were considered “peculiar.”
“It is a peculiar transaction. I have permission or waiver to operate and I was given an oral waiver,” the witness told the court.
