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Fresh Charges Filed Against Former CBN Governor Godwin Emefiele by EFCC

By
Roland Edet
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The Economic and Financial Crimes Commission (EFCC) has once again thrust former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, into the legal spotlight with new charges alleging severe financial misconduct. The charges, detailed in a document filed at the High Court of the Federal Capital Territory and sighted by our correspondent, accuse Emefiele of acts that purportedly aimed to injure the Nigerian public financially.

The fresh charges, which come amid ongoing legal battles involving Emefiele, center on his role in the controversial naira swap policy and unauthorized financial activities during his tenure. The EFCC’s top prosecutor, Rotimi Oyedepo, SAN, outlined a four-count charge against the former governor, who is set to be arraigned before Justice Hamza Muazu.

Key Allegations:

  1. Illegal Currency Printing: Between October 19, 2022, and March 5, 2023, Emefiele allegedly approved the printing of various denominations of naira notes totaling N18.96 billion without proper authorization. This includes N375,520,000 pieces of color-swapped N1,000 notes and substantial quantities of N500 and N200 notes, all lacking the necessary recommendations from the CBN Board and approval from the Presidency.
  2. Unlawful Financial Withdrawals: On October 7, 2020, Emefiele is accused of approving an unlawful withdrawal of N124.86 billion from the Consolidated Revenue Fund of the Federation, a move that EFCC claims was executed without the prescribed authorization by the National Assembly.

The charges argue that Emefiele’s actions not only breached financial regulations but also intentionally harmed the public interest, highlighting a potential abuse of power at the highest levels of Nigerian banking.

Legal and Economic Implications:

These charges could exacerbate the public’s waning trust in the financial governance of the nation’s institutions. Legal experts suggest that the outcome of this case could set a significant precedent for how senior public officials handle public funds and comply with financial regulations.

Previous Legal Troubles:

This is not Emefiele’s first encounter with the law. On November 18, 2023, he was arraigned on six counts of procurement fraud in one of the most prominent corruption cases under President Bola Ahmed Tinubu’s administration. Additionally, Emefiele and an associate were arraigned on April 8, 2024, for allegedly being involved in a $4.5 billion and N2.8 billion fraud.

Public and Governmental Response:

The government’s stance on corruption has been stern, with President Tinubu’s administration prioritizing transparency and accountability. However, public reaction has been mixed, with some expressing skepticism about the political motivations behind these high-profile charges, while others applaud the EFCC’s persistent efforts in combating corruption.

Next Steps:

As the case progresses, all eyes will be on the upcoming arraignment and subsequent trial, which promise to be both a legal battle and a litmus test for Nigeria’s resolve in fighting high-level corruption. Emefiele’s legal team has yet to make a public response to the new charges.

This unfolding story will undoubtedly influence public opinion and the future of financial governance in Nigeria. Stay tuned to our updates as this significant case develops.

Nigeria, Mauritania To Foster Military , Security Cooperation, Says Matawalle

By
Victor Obabunmi
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The Honourable Minister of State for Defence, H.E. Dr. Bello Muhammed Matawalle, MON has called for deeper Military cooperation with Mauritania in order to address the security challenges bedeviling the country.

The Minister reiterated Federal Government’s commitment of advancing bilateral tiers on defence with other nations in order to boost Nigerian Counter- terrorism preparedness.

Matawalle stated this when he received the Minister of Defence of the Islamic Republic of Mauritania, Hanena Ould Sidi, on an official visit to Nigeria at his office in Ship House, Abuja.

The meeting was to further rejig the joint cooperation between the two countries in the military and security fields, particularly in light of Nigeria’s pivotal role in counter-terrorism efforts across the African region.

He thanked the Minister for the visit and said that Nigeria was committed to strengthening the historical and brotherly relations between the two nations, with focus on advancing cooperation in defence and other sectors.

Presidency Set to Launch CNG-Powered Vehicles Ahead of President Tinubu’s Anniversary

By
Ola Akinola
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The Presidency has announced plans to launch approximately 2,700 Compressed Natural Gas (CNG) powered buses and tricycles before May 29, coinciding with President Tinubu’s one-year anniversary in office. The initiative aims to revolutionize Nigeria’s transportation sector while promoting cleaner and more sustainable energy solutions.

Under the Presidential CNG Initiative, the Federal Government is set to deliver 100 conversion workshops and 60 refuelling sites across 18 states by the end of 2024. This strategic rollout is part of efforts to provide a conducive environment for the adoption of CNG vehicles nationwide.

Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, emphasized the importance of safe motherhood during a press briefing. He highlighted the commitment of President Tinubu’s administration to prioritize healthcare, including maternal and child health, as evidenced by the government’s various initiatives and investments in the sector.

The CNG Initiative, launched in October 2023, seeks to provide cheaper, safer, and more environmentally friendly energy alternatives, especially for mass transit. With an earmarked budget of N100bn, the initiative aims to purchase 5,500 CNG vehicles, 100 electric buses, and over 20,000 CNG conversion kits, alongside the development of refuelling and charging infrastructure nationwide.

Onanuga revealed that several private sector players, including JET, Mikano, Mojo, and Brilliant EV, are actively involved in assembling CNG vehicles and electric vehicles. Furthermore, tax and duty waivers approved by President Tinubu have incentivized over $50 million in private sector investments in refuelling stations and conversion centers.

To ensure safety and reliability, strict standards and regulations have been developed for CNG conversions, with plans to sell subsidised conversion kits to commercial vehicle drivers. Additionally, the Presidential CNG Initiative will launch the MYCNG.NG App, providing real-time information on conversion and refuelling sites across the country.

The successful implementation of the CNG Initiative underscores the collaborative efforts between the government and the private sector to achieve Nigeria’s energy transition goals and promote sustainable development.

Nigerian Army Rescues Women , Children, Recovers Assets from Terrorists in Borno State

By
Victor Obabunmi
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In a bold operation, troops of the Nigerian Army conducted a successful rescue mission in the Timbuktu Triangle, Damboa Local Government Area of Borno State, freeing women and children held captive by terrorists and recovering valuable assets.

The troops, as part of Operation Lake Sanity III and Operation Hadin kai, discovered an ISWAP terrorists’ bread-producing factory in Maisani, Timbuktu Triangle, Borno State.

During the operation, the Nigerian Army recovered an MOWAG Armoured Personnel Carrier and a Canter truck from the terrorists’ possession.

The statement posted on Facebook by the Nigerian Army highlighted the bravery of the troops, who forced the terrorists to abandon their enclaves and flee following intense air and artillery bombardments, as well as ground battles.

In a remarkable rescue effort, 44 civilians, including women and children, were liberated from captivity. These individuals were provided with immediate relief, including new clothing, to restore their sense of comfort and dignity as they embark on their journey to freedom.

The rescued women and children have been handed over to the Borno State Ministry of Women Affairs for further care and support, marking a significant step towards their rehabilitation and integration back into society.

The successful operation signifies a beacon of hope and freedom for innocent civilians trapped in the midst of conflict, showcasing the unwavering commitment of the Nigerian Army to safeguarding the lives and well-being of its citizens.

FCCPC Seals Chinese Supermarket in Abuja Over Discriminatory Practices

By
Roland Edet
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The Federal Competition and Consumer Protection Commission (FCCPC) took decisive action by sealing an Abuja-based Chinese supermarket within the China General Chamber of Commerce following allegations of discriminatory practices against Nigerians.

Officials from the FCCPC stormed the premises on Monday, interrogating Nigerian workers at the supermarket before sealing it up. The commission’s intervention came amid reports of discriminatory treatment experienced by Nigerians at the supermarket.

In a concerning turn of events, facilities workers revealed that the owner of the supermarket had fled the premises, raising further questions about the practices and management of the establishment.

The closure underscores the FCCPC’s commitment to safeguarding consumer rights and promoting fair competition in the Nigerian market, sending a strong message against discriminatory behavior in commercial establishments.

Insecurity: Defence Minister Calls For Synergy With Libya To Stop Proliferation Of Small Arms And Light Weapons

By
Victor Obabunmi
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The Honourable Minister of Defence, H.E. Muhammed Badaru Abubakar CON, has called on Libyan Government to join hands with the Nigerian Government to tackle the proliferation of small arms and light weapons as well as the trafficking of illicit drugs from Libya to Nigeria.

The Minister made the call when he had audience with the delegation of Libyan National Security Agency on the side line of the high level African Counter terrorism meeting in Abuja.

He said that for the safety and stability of both countries and their citizens, there was the need to work together in checking the wide spread arms and light weapons proliferation.

Badaru and the Libyan delegations led by General Mahammed Azain discussed other pressing security issues affecting both countries.

Furthermore, they discussed on cooperation , sharing of intelligence and Information that would assist in policy planning and direction among the two countries.

Alliance Hospital Accuses NAPTIP of Misleading Information Amid Human Rights Investigation

By
Toyin Adebayo
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Alliance Hospital has raised concerns over the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) allegedly providing misleading information regarding the ongoing proceedings of a House Committee on Public Petitions.

The investigation revolves around a petition lodged by Alliance Hospital against NAPTIP, citing purported violations of fundamental human rights concerning its staff members.

At the heart of the controversy lies Dr. Fatima Waziri, the Director General of NAPTIP, accused of abusing her authority and encroaching upon the rights of Dr. Christopher Otabor, Managing Director of Alliance Hospital, along with two other staff members.

According to Dada Joseph, Media Consultant to Alliance Hospital, Dr. Waziri was summoned to appear before the committee on April 18, 2024, following a stern rebuke for her alleged actions on March 7, 2024.

Despite the summons, Dr. Waziri took legal action against Dr. Otabor by filing a lawsuit at the FCT High Court on March 18, 2024. Consequently, she did not attend the scheduled hearing, instead sending representatives to inform the committee of the legal proceedings.

Honorable Emeka Etaba, chairman of the House committee, demonstrated respect for due legal process by refraining from further inquiry into the petition while the matter is sub judice. This decision acknowledges the court’s authority over the ongoing legal dispute.

The unfolding situation underscores the delicate balance between government agencies’ responsibilities and safeguarding individuals’ rights, emphasizing the imperative of transparency and adherence to legal protocols in public officials’ conduct.

Alake Credits Tinubu’s Reforms for Nation’s Economic Resurgence

By
Toyin Adebayo
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The Minister of Solid Minerals Development, Dr. Dele Alake, has attributed the resurgence of the nation’s economy to the reforms initiated by the President Bola Tinubu administration.

Speaking during a meeting with the All Progressives Congress (APC) Professionals Forum, led by former Bauchi State Governor, Isa Yuguda, Alake emphasized Tinubu’s progressive leadership and courage in making difficult decisions, which he believes are laying a strong foundation for the economy.

Alake highlighted the administration’s commitment to enduring structures and service delivery standards that will transcend successive administrations.

He noted that the temporary pains of reforms are beginning to ease, pointing to the resurgence of the naira and stability in the forex market as evidence.

The Minister also underscored the administration’s infrastructural efforts, particularly the Lagos-Calabar coastal road project, which he believes will have significant economic and tourism benefits upon completion.

Alake urged the APC Professionals Forum to contribute their expertise and ideas to the administration’s Renewed Hope Agenda, emphasizing the government’s openness to innovative solutions.

Former Governor Isa Yuguda commended the Minister for his efforts to revitalize the mining sector, emphasizing the importance of solid minerals in Nigeria’s economic prosperity. He urged Nigerians and the federal government to support Alake in transforming the mining sector.

Yuguda explained that the APC Professionals Forum is dedicated to nation-building and will work to enlighten the public about government programs while providing valuable suggestions.

Accompanying Isa Yuguda were other prominent members of the APC Professionals Forum, including former governors and key figures in the party.

New Oral Cholera Vaccine Receives WHO Prequalification: Enhancing Global Response Amid Rising Outbreaks

By
Toyin Adebayo
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0

Gavi, the Vaccine Alliance, and UNICEF are celebrating the prequalification of the new oral cholera vaccine (OCV), Euvichol-S, by the World Health Organization (WHO). This milestone heralds increased production of the vaccine by EuBiologics, the manufacturer, at a faster rate and lower cost.

The approval of Euvichol-S comes at a crucial juncture amidst a global surge in cholera outbreaks since 2021. Despite the availability of simple and effective treatments, the high case fatality rates underscore the urgent need for preventive measures like vaccination.

The simplified formulation of Euvichol-S maintains its effectiveness against key cholera serogroups while streamlining production complexity, enabling larger volumes to be produced swiftly.

With approximately 50 million doses forecasted to be available in 2024, compared to 38 million in 2023, the prequalification of Euvichol-S expands the overall supply of OCV. This is significant given the unprecedented demand for vaccines from impacted countries, which has strained the global stockpile of OCV.

Gavi and UNICEF are spearheading efforts to address the cholera crisis, including the deployment of diagnostics for surveillance and response.

Dr. Derrick Sim, Managing Director of Vaccine Markets & Health Security at Gavi, emphasizes the importance of Euvichol-S in supporting vulnerable communities globally. He applauds EuBiologics for their contribution to ensuring widespread access to cholera vaccines as part of comprehensive response efforts.

UNICEF, as the leading procurer and distributor of doses, is committed to swiftly delivering the just-approved vaccine to countries in need.

Leila Pakkala, Director of UNICEF Supply Division, stresses the agency’s dedication to increasing procurement and delivery of cholera vaccines to combat deadly outbreaks effectively.

The prequalification of Euvichol-S marks a significant advancement in global efforts to prevent and control cholera, reaffirming the commitment of partners like Gavi and UNICEF to safeguarding public health worldwide.

Confusion Trails Conflicting Court Cases in Kano Over Ganduje’s Suspension

By
Olajumoke Sanusi
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0

The political landscape of Kano has been plunged into confusion following conflicting court orders regarding the suspension of the Acting National Chairman of the All Progressive Congress (APC), Dr. Abdullahi Umar Ganduje, from the party.

The situation has raised eyebrows and sparked concerns among political observers and analysts.

The saga began with the Executive Committee of the APC in Ganduje Ward, Dawakin Tofa Local Government Area, announcing Ganduje’s suspension on Monday, citing allegations of corruption.

Subsequently, a Kano High Court granted an ex parte order on Wednesday, restraining Ganduje from parading himself as a member of the party and from presiding over the affairs of the National Working Committee (NWC) of the APC.

This order followed an application filed by two executive members of APC Ganduje Ward, seeking to uphold Ganduje’s suspension.

The court directed all parties involved to maintain the status quo pending the hearing and determination of the substantive suit.

However, the confusion deepened with the emergence of another order from a Federal High Court in Kano on Thursday. This order dismissed Ganduje’s suspension by the leaders of the party in Ganduje Ward, Dawakin Tofa Local Government Area.

The order restrained all parties from implementing the purported decision reached during the emergency meeting of the APC Ganduje Ward executives and mandated them to maintain the status quo pending the hearing of the substantive application.

The conflicting orders have thrown the political arena into disarray, leading to apprehension and speculation among political actors. Many are questioning why two courts would issue contradictory orders on the same matter on the same day.

Additionally, there are concerns about the secrecy surrounding the Federal High Court order, which was allegedly shielded from the public domain for 24 hours.

Political analysts like Alhaji Ibrahim Shehu have raised doubts about the integrity of the judiciary, suggesting that the conflicting orders could tarnish its image.

They speculate that the order from the Federal High Court may have been influenced by external factors rather than adhering to the normal rules of law.

In light of these developments, there are calls for the judiciary to critically review the case and ensure that justice prevails. Many hope that the integrity of the judiciary will be upheld, as its reputation hangs in the balance amidst this contentious legal battle.

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