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Alleged Money Printing: CSOs Fault Obaseki’s Claim, Laud CBN, Emefiele’s Efforts
Investigation by civil society groups have contradicted a recent claim by Godwin Obaseki, governor of Edo State, that N60 billion was printed in March to support allocation to states.
The groups under the auspices of Coalition of Civil Society Groups made this known in a world press conference addressed by its President, Bassey Etuk Williams on Wednesday in Abuja.
The coalition said it decided to intervene in the controversy after thorough investigation of the allegation by the Edo governor, in a bid to clear the falsehoods peddled by him and some other unpatriotic citizens.
According to Williams, the civil society groups took their time and x-rayed the issue to prevent misinterpretation and rekindle the confidence and trust reposed on the Central Bank of Nigeria (CBN) and the Governor in particular.
He stated that against Governor Obaseki’s claims, they discovered that the allegations were mere falsehood capable of distorting progress recorded and as a campaign to smear the effort of a performing Governor of the CBN, Godwin Emefiele.
“The issues raised by Gov. Obaseki and others; alleging that N60 Billion was printed by CBN and the Federal Government to augment for the March, 2021 FAAC allocation, is orchestrated by enemies of Government just to whittle down the confidence Nigerians have in the government and her effort to invigorate the economy.
“After our due consultations and enquiries, our Group discovered that the allegation was just falsehood capable of distorting progress recorded and as a campaign to smear the effort of a performing Governor of the CBN. Reports made available to us reveal that going by the money FAAC shares, the funds are monies generated and domiciled in the federation account, and are usually shared to the states every month.
“There was no evidence that the March allocation was borrowed which contradicts the claims of those saying March allocation money was printed. We further discovered that all the states owe the CBN. These monies are bailout funds given to them to cushion the effects of the difficulties experienced by the governors in their bid to deliver on good governance.
“Reports made available to us reveal that going by the money FAAC shares, the funds are monies generated and domiciled in the federation account, and are usually shared to the states every month.
“There was no evidence that the March allocation was borrowed which contradicts the claims of those saying March allocation money was printed. We further discovered that all the states owe the CBN. These monies are bailout funds given to them to cushion the effects of the difficulties experienced by the governors in their bid to deliver on good governance,” Williams said.
He condemned the use of sensitive issues such as the economy to play politics, while urging Nigerians to disregard the allegations in totality. “We don’t need such distractions at this time when the country is facing much insecurity and hunger in the country.
“We need patriotic interventions and we equally expect progressive contributions towards developing and governing the Nigerian polity. We condemn the falsehood and the controversy been generated; this is not what we need at a time like now,” Williams stressed.
The CSOs applauded Emefiele’s effort, policies and programmes embarked upon to cushion the effect of the Covid-19 pandemic and also expressed confidence at the way and manner the CBN governor is managing the affairs of the apex bank.
“We salute the courage of the CBN Governor for rising to the occasion and quickly correcting the wrong notion being expressed by nay sayers. Governor Emefiele has also backed up his pledge to facilitate job creation with the creation of the Creative Industry Financing Initiative (CIFI), which is being implemented in collaboration with the Bankers’ Committee.
“Without equivocation, Emefiele’s contribution to the development and growth of the Nigerian economy, as well as innovations in development financing is worth celebrating.
“He has encouraged the diversification of the economy and stimulated growth in the agriculture sector in line with President Muhammadu Buhari’s plan, he put in place an innovative Agric credit plan: Anchor Borrowers Programme and this has increased yield per hectare.
“He stabilized the Naira and put the economy on a right footing. And his effort has pulled the country out of recession and embarked on other policies such as the Youth Entrepreneurship Development Programme (YEDP), Accelerated Agricultural Development Scheme (AADS), the Agri-business/Small and Medium Enterprises Investment Scheme (AGSMEIS) all in an effort to build a strong economy,” Williams stated.
News
‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain
By Emmanuel Kuza
A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.
Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.
According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.
“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.
He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.
“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.
The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.
Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.
“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.
He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.
“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.
Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.
He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu
News
200 widows benefit from empowerment outreach in Plateau
By Israel Adamu, Jos
Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.
The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.
The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.
She stressed that the outreach was not a political programme but an expression of love and support for humanity.
Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.
“This is simply an expression of compassion and love for humanity. It is not a political programme.
“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”
Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.
Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.
At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash
News
SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance
By Francis Wilfred
The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.
They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026
The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.
Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.
Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations
He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector
“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.
In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.
The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.
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