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CBN Bags African Regulator of The Year Award

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The Central Bank of Nigeria (CBN) has received a pat on the back by the Action Newspapers management corporation for its fiscal policies and role in protecting the nation’s monetary policy.

Addressing press men after its first quarter extraordinary meeting, the managing director of the Action newspapers, Mr Francis Atuu said, but for the resilience of the CBN, the economy of the country has withstood all impediments, from COVID-19 pandemic to the shortfall of oil production and other variables.

“The decision of the board to honour the apex bank is hinged on two principles; the banks resilience and transparency in her fiscal financial policies. For the first time in the history of our nation, we have in place a management at the CBN that has weathered all storms to push the country out of recession in the shortest possible time”.

The newspaper board said, Nigerians were taken by surprise because no one expected such phenomenal growth in the face of a global scale of the COVID -19 pandemic.

The award to the CBN as the “regulator of the year is intended to be a morale booster so as to sustain the tempo of Nigeria’s economic leap in multiple ways to ensure that the mandate of the bank is actualised in line with president Buhari administrations blueprint.

This gesture is a reflection of the masses verdict on the CBN management and a clarion call for more concerted efforts to sustain the solid legacy of the apex bank.

Speaking on the sideline, the representative of the civil society organisations in Nigeria, Rev Solomon Semaka aligned with the decision of the board to honour the apex bank, noting that, the CBN is the country’s engine room and must be guided by all and sundry for the nation to survive.

“The CBN is like a pregnant wife that deserves pampering and attention of every patriotic Nigerian so that we can have the baby in good health.

“The honour is purely symbolic and complimentary and it brings a lot of burden on the CBN leadership. We are optimistic that the apex bank will accept the challenge to do more for Nigerians”.

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NDYPC Hails Otuaro’s Reforms in Presidential Amnesty Programme

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• Lauds transparency, fairness in beneficiary selection and grassroots empowerment

• Says reforms align with Tinubu’s Renewed Hope Agenda, restore trust in Niger Delta

The Niger Delta Youths for Positive Change (NDYPC) has commended the Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, for what it described as bold, people-focused reforms that are restoring trust and delivering tangible benefits to the Niger Delta.

In a statement signed and issued by Comrade Elliott Yibakeni, after the conclusion of leadership training sessions with ex-agitator leaders in Abuja, the group said the PAP, once in urgent need of renewal, is now undergoing a transformation that reflects transparency, fairness, and accountability.

“At a time when public trust in institutions was waning, Dr. Otuaro has emerged as a symbol of credibility and transformation,” the statement read. “His visionary leadership is restoring integrity, empowering communities, and driving a sustainable development agenda that resonates with the aspirations of the Niger Delta.”

According to NDYPC, under Otuaro’s leadership, beneficiary selection has become fair and merit-based, ending years of favoritism and political interference. The group added that access to education, skills training, and empowerment opportunities, both locally and abroad, is now guided by equity and open competition.

The group highlighted several internal reforms, including improved staff welfare, strengthened professional capacity, and strict adherence to best practices in public procurement. These, it said, have made the PAP more efficient, responsive, and transparent.

NDYPC also praised Otuaro’s inclusive governance style, noting his sustained engagement with traditional rulers, women leaders, civil society organizations, and local communities. This approach, the group said, has strengthened peace-building efforts and deepened trust between the PAP and the people it serves.

In line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the PAP has maintained consistent payment of stipends to ex-agitators and extended direct support to vulnerable populations. NDYPC also applauded new healthcare interventions for ex-agitators facing health challenges.

The statement further commended the programme’s investments in scholarships, vocational training, and economic empowerment initiatives aimed at preparing Niger Delta youths for leadership, innovation, and sustainable livelihoods.

“Every decision reflects a deep commitment to public trust, responsible stewardship, and long-term development,” NDYPC stated. “Under Dr. Otuaro’s watch, the Niger Delta is rising stronger, united, and filled with renewed hope.”

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I’m Ready to Give DJ Cuppy True African Love, If Her Father Signs This One Condition – Aigbegbele

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The race to win DJ Cuppy’s heart just got a dramatic twist, and it comes with a legal caveat!

Omoba Kenneth Aigbegbele, a foremost promoter of traditional rulers, veteran journalist, human rights activist, and former media adviser to ex-First Lady Dame Patience Jonathan, has thrown his hat into the ring as the man ready to end the billionaire heiress’s search for love.

Aigbegbele, who sits atop the Silverdoors Communication Group and leads multiple advocacy organisations including Citizens Watch Advocacy Initiative (CWAI) and the Guild of Civil Societies and Media Executives for Equity, Justice and Transparency in Nigeria (GOCMEJ), declared that he is “very prepared” to marry the 31-year-old DJ, but on one non-negotiable condition, she and her billionaire father, Femi Otedola, must sign a “submissiveness” agreement.

Beyond his public roles, Aigbegbele is also a mass communication scholar, a fellow of the Nigerian Institution of Public Relations (NIPR), with master’s degrees in Mass Communication and International Relations, and is presently pursuing his Doctorate. A seasoned media consultant to topnotch politicians, business bigwigs and military top brass.

“As a true African man, I believe in mutual respect in marriage. I will love, protect, and comfort her at all times, but she must also accept me as the head of the family. That is why I am requesting her father’s formal consent to this agreement,” Aigbegbele told newsmen with a confident smile.

He further revealed that his decision to seek Cuppy’s hand was not made lightly.

“I have watched her all these years and considered so many things, especially knowing fully well that she was brought up well by Chief Otedola. After critical thinking and discussion with my immediate family, I have decided to marry her to show her that genuine love still exists,” he stated.

Describing himself as a man who has experienced life and is ready for a lifelong commitment, the public affairs advocate stressed that his interest in DJ Cuppy is genuine and not influenced by her fame or fortune.

“I am not married currently, though I have children. But I am ready, not just to marry her, but to give her the true African love she says she’s been searching for,” he said.

In recent weeks, Florence “DJ Cuppy” Otedola has been vocal about her readiness to settle down, hinting that she is open to finding “real love” away from the glitz and glamour. Aigbegbele insists he is the perfect match to provide that stability, if she embraces his traditional values.

With the challenge now thrown at Cuppy and her father, social media is already buzzing: will the billionaire DJ trade her independent streak for “true African love”? Or will this be one proposal that remains a headline fantasy?

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Alleged Corruption: Coalition protests against Bayo Ojulari, seeks his arrest. Prosecution

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A coalition of civil society groups, including OilWatch Nigeria and Workers’ Rights Alliance, held a press conference at the Economic and Financial Crime Commission, EFCC, Headquarters in Abuja on Thursday, July 31, 2025, demanding the immediate arrest and prosecution of Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL).

The coalition alleged that Ojulari was implicated in a massive corruption scandal involving ₦34.65 billion, equivalent to $21 million. According to the group, the Economic and Financial Crimes Commission (EFCC) has already detained Abdullahi Bashir Haske, a close associate of Ojulari, who confessed to holding the $21 million on Ojulari’s behalf.

The press conference was jointly signed by the trio of Emmanuel Ekpeyong representing OilWatch Nigeria; Danladi Usman from Workers’ Right Alliance and Babatunde Anifowoshe of Nigeria Concerned Citizens. The coalition also announced a three-day peaceful protest starting August 1, 2025, at the National Assembly, NNPCL Headquarters, and the EFCC office in Abuja.

“We will not stand idly by while one individual’s greed tarnishes our collective future,” said Emmanuel Ekpeyong of OilWatch Nigeria. “The evidence against Ojulari is damning, and the EFCC must act swiftly to bring him to justice.”

The coalition also accused Ojulari of living an extravagant lifestyle, residing in the lavish Presidential Suite of the Wells Carlton Hotel, and using shell companies to siphon funds through inflated contracts and kickbacks.

The group is urging President Bola Ahmed Tinubu to demonstrate zero tolerance for corruption by supporting the EFCC’s efforts to arrest and prosecute Ojulari and removing him from his position as NNPCL CEO.

As the nation waits with bated breath for accountability, one thing is clear: the fight against corruption has reached a critical juncture. Will justice be served, or will the powerful once again escape accountability? Only time will tell,” the coalition stressed.

The statement reads in full:

We, the coalition of OilWatch Nigeria, Workers’ Rights Alliance, and concerned citizens, stand united today to confront a grave injustice that threatens the soul of our nation and undermines the credibility of President Bola Ahmed Tinubu’s administration. We are here to demand the immediate arrest and prosecution of Mr. Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL), who has been directly implicated in a massive corruption scandal. His actions have plunged Nigeria into a crisis of trust and economic sabotage, and we will not stand idly by while one individual’s greed tarnishes our collective future. The evidence against Ojulari is damning, and the EFCC must act swiftly to bring him to justice.

Bayo Ojulari’s Implication in a $21 Million Scandal
The recent detention of Abdullahi Bashir Haske by the Economic and Financial Crimes Commission (EFCC) for three days has exposed a staggering corruption scandal at the heart of NNPCL. Haske, a close associate of Ojulari, confessed to the EFCC that the $21 million found in his account—equivalent to approximately ₦34.65 billion at the current exchange rate of ₦1,650 to $1—belongs to Bayo Ojulari. Let us be clear: this is not a trivial sum. Thirty-four billion, six hundred and fifty million naira is an obscene amount of money, enough to fund critical infrastructure, healthcare, or education for millions of Nigerians. Yet, this fortune was allegedly stashed in an account that previously held a mere $5,000 (₦8.25 million). This revelation alone demands the immediate arrest and prosecution of Bayo Ojulari to uncover the full extent of his illicit dealings and ensure justice for the Nigerian people.

Further Allegations Against Bayo Ojulari
Extravagant Lifestyle at Wells Carlton: While Nigerians struggle to afford basic necessities, Ojulari resides in the lavish Presidential Suite of the Wells Carlton Hotel alongside Haske. This ostentatious lifestyle, funded by questionable means, is a gross betrayal of public trust and a clear indication of ill-gotten wealth.

Damage to Tinubu’s Administration: Ojulari’s actions are inflicting irreparable harm on President Tinubu’s reputation. His leadership at NNPCL has fostered a culture of corruption, eroding public confidence in the government’s commitment to transparency. Allowing him to remain free sends a dangerous signal that corruption is tolerated at the highest levels.

Shell Companies and Contract Fraud: Ojulari is accused of orchestrating the use of shell companies to siphon funds through inflated contracts and kickbacks. Haske’s testimony allegedly exposes a network of illicit transactions tied to NNPCL’s operations, with ₦34.65 billion being just the tip of the iceberg.

Cronyism and Abuse of Power: Ojulari has filled key NNPCL positions with unqualified loyalists, sidelining competent professionals and prioritizing personal gain over national interest. This cronyism has crippled NNPCL’s efficiency and deepened public distrust, particularly among oil workers.

Obstruction of Justice: Credible reports suggest Ojulari has actively interfered with EFCC investigations to shield his allies, delaying justice and allowing corrupt practices to flourish. Such actions are an affront to the rule of law and demand his immediate arrest.

Our Demands
We call on the EFCC to immediately arrest and prosecute Bayo Ojulari for his alleged role in the ₦34.65 billion scandal and other corrupt practices. The evidence provided by Haske’s confession is sufficient to warrant his detention and a thorough investigation into his financial dealings, including the source of the $21 million and his involvement in NNPCL’s questionable contracts. We also demand that President Tinubu sack Ojulari from his position as NNPCL Group Chief Executive Officer to demonstrate zero tolerance for corruption and restore public confidence in his administration.
The magnitude of this scandal—₦34.65 billion stolen from the Nigerian people—cannot be overstated. This is money that could have built hospitals, schools, or roads, or ensured fair wages and safety for oil workers, yet it was allegedly funneled into private hands under Ojulari’s watch. Justice must be swift, transparent, and uncompromising.

Call to Action: Three Days of Protest
To press home our demands, we announce a three-day peaceful protest starting tomorrow, August 1, 2025, at the National Assembly, NNPCL Headquarters, and the EFCC office in Abuja. These protests, led by OilWatch Nigeria and Workers’ Rights Alliance, will send a clear message to the authorities: Nigerians, especially those in the oil sector and workers across the nation, will not tolerate corruption on this scale. We will march until Bayo Ojulari is arrested, prosecuted, and removed from office.

A Message to President Tinubu
Mr. President, your administration promised renewed hope for Nigerians. Allowing Bayo Ojulari to evade justice undermines that promise and risks further economic sabotage and public unrest. We urge you to act decisively by supporting the EFCC’s efforts to arrest and prosecute Ojulari and by removing him from NNPCL immediately. Your legacy depends on your commitment to rooting out corruption, starting with this case.

Conclusion
The fight for a corrupt-free Nigeria, where our oil wealth benefits all and workers’ rights are protected, is a collective responsibility. We call on all Nigerians—youth, women, oil workers, and patriots—to join OilWatch Nigeria and Workers’ Rights Alliance in these protests and demand justice. Together, we can hold our leaders accountable and build a nation where integrity and fairness prevail. We thank the press for amplifying our voice and the Nigerian people for standing with us. Bayo Ojulari must be arrested, prosecuted, and sacked, and we will not rest until justice is served for the ₦34.65 billion scandal and beyond.

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