Connect with us

News

Group accuses CBN of plots to disrupts investigation of dubious dubious dealings

Published

on

As the controversy surrounding the Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele, a group, Concerned Northern Forum (CNF) has raised alarm over what it described as plot to divert attention from greviius allegations against him.

The CNF, a coalition of over 73 Civil Society Organizations in Northern Nigeria, who are committed to advocating, promoting and defending the interest and values of the people of the north insists that the allegations must be followed to a logical conclusion.

Addressing a press conference in Abuja on Thursday, spokesman of CNF Comrade Abdulsalm Mohammed Kazeem had this to say; “recall that, earlier in November our organization came out to say there were motives behind the redesigning of some denominations of the Nigerian currency, which informed our stand against the policy. Barely a month now, many revelations are beginning to spring up to vindicate us and our earlier claims that the currency redesigning is neither in the interest of Nigeria nor Nigerians but to satisfy the selfish schemes of a few unpatriotic Nigerians”.

Collaborating the revelations by Hon. Mohammed Gudaji Kazaure and the Department of State Security (DSS) against the CBN Governor, Mr. Emefiele Godwin, the group said such allegations are grievous and must be logically investigated and prosecuted with all sense of seriousness.

Further alleging financial misappropriation and underhand dealings, CNF queried the rationale behind spending so much money to redesign and print new currency notes with no justifiable reason.

Arguing further that except the CBN is desperate to print money for use in sponsoring nefarious activities as they have always been suspected of, there wouldn’t have been any reason to create this diversionary tactic to have an excuse such outrageous sums when the country is financially crippled literally.

Part of the statement read, “at a time when the country is having financial crisis including spiralling inflation and unemployment, is it not curious that the CBN is accused of spending 58.6 billion naira to print 2.5 billion naira notes? Something is not right and the earlier Emefiele and his co-conspirators are made to face the law and answer to these allegations the better. The cost of printing money can’t be more than the value of the money by almost 500%. Something is not right and must be unraveled. The whole idea of redesigning and reprinting is a hoax to hoard and launder money without alerting Nigerians.

The group lauded the Directorate of State Security (DSS) services for being in the forefront of safeguard national security through topnotch intelligence gathering. The group commended the Secret Police for employing thousands of Nigerians and the constant training and retraining that have made the Service a force to reckon with in intelligence gathering globally.

“It is important we bring to the notice of naysayers criticising the DSS that, apart from being the number one secret police in Africa, the DSS has been in the forefront of the war against terror and other forms of criminality in the country with astonishing results. The service has not just employed more officers but has also ensured that there are training and retraining opportunities to equip them with modern intelligence gathering techniques and know-how. This has drastically curbed the myriad security challenges we are faced with as a nation. We all can bear witness to the reduced spate of kidnappings and terrorist activities in today’s Nigeria”, the statement added.

The group therefore urged the DSS to ignore and immediately appealed the federal high court injunction and go ahead with their planned arrest of Mr Emefiele in the interest of National security. Insisting that those who asking for evidence including the courts should know that security is a discreet affairs and revealing sensitive information will harm the investigation.

According to Comrade Abdulsalam Mohammed Kazeem, “as patriots who wish to always stand on the path of righteousness, we won’t takes sides with those are attacking the DSS but rather ask that the Service should be allowed to carry out its duties without interference.

Those asking the DG to give details of Emefiele’s underhand dealings should know that security is a tactical issues and evidence can’t be made public so that criminals won’t be alerted and made to destroy evidence”.

On allegations of financial crimes, sponsorship of terrorism and the diversion of funds including the stamp duty Nigerians have been paying for years under President Buhari’s regime, CNF insisted on the sack of Mr. Godwin Emefiele especially because of the damning allegations by Hon. Kazaure and several unprofessional acts attributed to the CBN Governor in the last few years.

“Mr. Godwin Emefiele should, as a matter of urgency be relieved of his duties as the Governor of the apex bank (CBN), as his character and integrity is already questioned. He should be investigated accordingly and with immediate effect. His involvement into partisan politics and the spurious investments he has made even in some Nigerian banks makes him unfit to continue as CBN Governor as this contravenes the CBN Act and other extant laws. He should be made to face the charges leveled against him in a competent court of law.

“The allegations by Hon. Mohammed Gudaji Kazaure concerning the misappropriation and diversion of stamp duty funds as well as other financial crimes require in depth investigation. Financial crimes including diversion of public funds as alleged run afoul of President Buhari’s anti-corruption posture and must not be tolerated by his appointee no matter how highly placed. Emefiele can’t be sitting as a CBN Governor while these investigation continue. He needs to step aside to prevent any form of interference and undue influence”, the statement added.

CNF while urging the DSS to be resolute in the task of maintaining national security regardless of sponsored attacks and manipulations by unscrupulous Nigerians, the group insisted that Emefiele should turn himself in and be interrogated if he truly has nothing to fear instead of running from pillar to post hoping to save himself.

“It is our position that the CBN Governor should turn himself in to the DSS for questioning, possible arrest and detention. Failure to do so should be met by a forceful arrest and detention in one of Nigeria’s maximum security prison facility. He should forthwith, stop sponsoring faceless goons against the person of the DG of DSS and the Service in general. The endless media wars and attacks can only elongate his doomsday but will definitely not save from standing trial and answering to the weighty allegations against him”, the statement concluded.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

ICPC’s War Against Corruption: How Musa Aliyu Is Reclaiming Nigeria’s Stolen Wealth

Published

on

Barely a week ago, the Independent Corrupt Practices and Other Related Offences Commission once again proved that Nigeria’s anti-graft war is far from a toothless bulldog. Chairman Dr Musa Adamu Aliyu, SAN, disclosed to State House correspondents in Abuja that his commission had unearthed yet another fake government agency, this time operating brazenly within the Office of the Secretary to the Government of the Federation. The phantom outfit, calling itself the National Brands Development and Made in Nigeria Special Project Office, had somehow managed to secure office accommodation, gain access to public servants, open bank accounts and even wriggle its way into the 2026 national budget, all without any legitimate presidential authorisation.
The discovery was not accidental. It emerged from the ICPC’s dogged investigation into the earlier scandal involving the fake Presidential Foreign Intervention Promotion Council, an outfit promoted by one Adeniyi Adeyemi Matthew that had similarly infiltrated government structures before Aliyu’s team blew the lid off it. Following his Friday briefing to President Bola Ahmed Tinubu, the President ordered the immediate arrest of George Buchi Nwabueze, identified as the man behind the new fake agency, and directed the suspension of three permanent secretaries in the OSGF: M.S. Danjuma, Nandungu Gagare and Richard Pheelangwah, over the circumstances that allowed the fraudulent office to thrive under their watch. Investigators further found that the outfit had built an elaborate structure complete with an executive director, zonal directors, state coordinators and even foreign representatives, a level of sophistication that speaks to how deeply corruption can burrow into government machinery when vigilance slips.
The ICPC did not stop at exposing the fraud. It went further to indict the Budget Office of the Federation for negligence, establishing that officials had processed and onboarded the phantom council into the 2026 Appropriation Act despite glaring gaps in its documentation, relying instead on informal engagements and unverified scanned approvals rather than due diligence. It was a sobering reminder that corruption does not always announce itself with the theft of physical cash; sometimes it hides in the quiet failures of institutional process, waiting for a vigilant commission to catch what ordinary oversight missed.
This latest exposure is only the newest chapter in what has been a remarkably consistent record for Aliyu since he took the reins as the Commission’s fifth substantive chairman. In his first year alone, he reported cash recoveries of nearly ₦30 billion domiciled in ICPC recovery accounts, alongside almost ₦11 billion recovered as Value Added Tax and remitted to the Federal Inland Revenue Service, and ₦10 billion clawed back from the COVID-19 vaccine fund and returned to the treasury. Forfeited assets in that period alone were valued at ₦2.5 billion plus close to a million dollars in foreign currency.
The momentum has not slackened. By 2024, the Commission had recovered more than ₦20 billion in cash and properties from corrupt individuals. The following year proved even more fruitful: 2025 closed with the ICPC announcing recoveries of ₦37.44 billion and over $2.35 million through asset seizures and forfeitures, one of its most significant annual hauls since the Commission’s founding. That year also saw the agency investigate 263 cases against a target of 250, file 61 cases in court, and secure a conviction rate of 55.74 percent, including the notable jailing of a University of Calabar professor for abuse of office.
Beyond the courtroom victories and cash recoveries, Aliyu has placed heavy emphasis on tracking public infrastructure spending through the Commission’s Constituency and Executive Projects Tracking Initiative. As of the middle of this year, that initiative had tracked over four thousand five hundred public projects worth more than ₦22.5 trillion nationwide between 2023 and June 2026, recovering stalled projects valued at over ₦507 billion and generating an estimated ₦385.6 billion in savings for government coffers. Separately, the Commission has pointed to recoveries exceeding ₦130 billion drawn from public projects worth more than ₦35 trillion, alongside court-ordered forfeitures including properties worth over ₦5 billion tied to the Federal Mortgage Bank of Nigeria and nearly ₦942 million recovered from a 2024 payroll fraud scheme.
Taken together, the figures tell a story of an anti-corruption agency that, under Aliyu’s watch, has shifted from mere rhetoric to measurable results, running into hundreds of billions of naira reclaimed, saved or redirected back into the Nigerian treasury. Yet the chairman himself has been candid that the fight is far from over. He has repeatedly appealed to the National Assembly for improved funding, warning that inadequate resources continue to hamper the Commission’s manpower, logistics and operational capacity, even as staff morale suffers under the weight of high-risk investigative work. He has also pushed back firmly against suggestions that the Commission is being weaponised for political witch-hunting, insisting that its work is driven strictly by evidence and due process rather than political considerations.
If the recent unmasking of yet another ghost agency within the corridors of government is any indication, Nigerians can expect the ICPC under Musa Aliyu to keep peeling back the layers of institutional rot, one budget line, one phantom office, and one recovered billion at a time.

Continue Reading

News

Zulum @57: Tribute to a Trailblazing Teacher.

Published

on

By: Inuwa Bwala.
I have read a lot of tributes to Borno state Governor, Professor Babagana Umara Zulum on his 57th birthday anniversary.
In most, Nigerians celebrate many things about Professor Babagana Umara Zulum.
To many, his unique leadership style, to others, his developmental strides and yet to others his many ventures into danger zones, the rebuilding of schools, his sleepless nights on duty and many other things.
I want to celebrate something quieter, and maybe more rare: seeing him as the teacher that he is, using
Borno as a big lecture hall, in which he deploys his teaching technique.
I dare say that, Governor Zulum goes to schools unannounced, not for photo shots, but to check attendance, to ask pupils questions, to see if the teacher is teaching. That is a lecturer’s habit.
He commissions hospitals and ask about drug inventory and rosters. That is a supervisor’s habit.
He stands in the rain with displaced families, not to make a speech, but to take notes. That is a researcher’s habit.
Most politicians campaign on promises, but he he is not seeking any position and does not need to campaign. He does things out of passion for true development.
At 57, Zulum reminds me that leadership is not about sitting in the office of power. It’s about sitting on the floor with students, under a tree with farmers, and in the dust with people who have lost everything, and then going back to “prepare the next lesson plan” for Borno redemption.
People often say a leader must choose between the office and the field, the book and the gun, and between the seminar and the street. Governor Zulum seems to have broken that rule by chosing both. And ir is working for Borno.
For me, today, I do not just celebrate a governor turning 57, I celebrate a teacher who took his entire state as his assignment, and refused to submit it half-done.
As the only Governor in Nigeria, who foes not aspire for any other political office after this, he may be retiring into a future only God know about, but one must not fail to state, that, Governor Zulum’s strength lies, not in the paraphenilia of governance but in the dedication of a leader who work, teach to graduate Borno into peace, dignity, and pride.
Happy 57th Birthday, Proffessor Babagana Umara Zulum.

Continue Reading

News

Stakeholders, Staff Benefit from NDPHC’s Procurement Training Initiative

Published

on

The Niger Delta Power Holding Company (NDPHC) has reaffirmed its commitment to transparency, accountability, and efficiency in project delivery by hosting a high-level refresher and sensitization training for its management team, staff, and stakeholders.Organized by the Human Resources Department at the company’s headquarters, the programme was designed to strengthen institutional capacity, refresh knowledge, and promote greater effectiveness in the discharge of responsibilities.The training was anchored on the theme “Operationalizing by Way of Experimenting the Procurement Processes While Navigating the Pre-Bidding Stage Through to Post Bidding”, and facilitated by DEVD Integrated Project Ltd. Discussions focused on procurement processes, emphasizing due process, compliance, and optimization in power sector project execution.Participants were guided through the critical stages of procurement, from pre-bidding to post-bidding, with facilitators stressing the importance of adherence to established procedures. The session also provided a platform for robust engagement on stakeholder collaboration, highlighting how effective partnerships can drive efficiency and accountability in project delivery.The initiative enjoyed strong backing from the NDPHC Executive Management (EXCO), led by Engr. Jennifer Adighije, FNSE, FINEEE, Managing Director/CEO. She was joined by her team: Engr. Bello Babayo Bello, FNSE, FINEEE, Executive Director (Networks); Engr. Abdullahi Kassim, Executive Director (Generation); Hon. Dr. Steven Andzenge, Executive Director (Legal Services); Hon. Chukwuma Umeoji, Executive Director (Corporate Services); Hon. Omololu Agoro, Executive Director (Finance & Accounts); and Hon. Patrick Obahiagbon, Executive Director (Strategy and Commercial). Their collective presence underscored the importance of the training to the company’s strategic vision and operational goals.Facilitators encouraged participants to apply the knowledge gained to improve operational efficiency and foster stronger collaboration across departments and with external stakeholders. They noted that the lessons learned would help strengthen the company’s institutional framework and ensure that projects are delivered in line with global best practices.The event brought together management staff and other relevant stakeholders, creating an opportunity to exchange ideas and refresh their understanding of procurement processes. It also reinforced NDPHC’s commitment to professional development, transparency, and accountability in its operations.By investing in capacity-building programmes such as this, NDPHC continues to demonstrate its resolve to enhance professional standards and institutional effectiveness. The company emphasized that the training reflects its broader vision of building a stronger, more accountable institution capable of delivering sustainable power solutions to Nigeria.The sensitization exercise forms part of NDPHC’s ongoing efforts to ensure that its workforce remains equipped with the skills and knowledge required to meet the demands of the power sector. It underscores the company’s belief that continuous learning and adherence to due process are essential for achieving its corporate objectives and delivering value to stakeholders.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.