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Group writes Interpol, want Emefiele extradited back to Nigeria to face prosecution
A group, Concerned Citizens Of Conscience (CCC), has written International Criminal Police Organization (Interpol) demanding the immediate arrest of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
The group in a letter dated 23rd December, 2022, requested Interpol to arrest and extradite Emefiele who is currentlt hiding in the United States of America (USA) “in his bid to abscond from facing the wrath of the law”, back to Nigeria to face prosecution.
CCC in the letter signed by its President, Samuel O. Ojonugwa, and addressed to the Head of InterPol via the Nigerian Police Force, alleged that the CBN Governor has committed infractions that put the country’s economy under severe strain.
It also alleged that Emefiele has been covertly funding the activities of terrorist groups in the country through round tripping of the forex regime in the country.
The group noted that Emefiele was “nothing but a politician” who not only sponsored the People’s Democratic Party (PDP) campaigns for the 2015 General Elections but also expended billions from the CBN’s vaults to pursue his selfish presidential ambition in 2022.
It further noted that the CBN governor coughed out a whopping 100 million naira and purchased the All Progressives Congress (APC) Presidential Expression form of interest at a time when the country is facing severe inflation and economic meltdown due to his ineptness.
CCC listed other corruption charges against Emefiele including diverting 89 trillion naira in stamp duty fraud, granting of loans without following the due process of loan grants by the CBN, and the fraudulent naira redesign policy.
The letter read titled, ‘A Passionate plea for the immediate arrest of Mr Godwin Emefiele’ read:
“With deep concern for Nigeria, we write to you demanding the immediate arrest of Mr Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN).
Mr Godwin Emefiele, as the Governor of the Central Bank of Nigeria, has committed infractions that put the country’s economy under severe strain. We also have it on good authority that Mr Godwi Emefiele has been covertly funding the activities of terrorist groups in the country through round tripping of the forex regime in the country.
You may wish to recall that on 21st March 2016, barely two years in office, Mr Godwin Emefiele was asked to resign his appointment within 14 days by a group named “The Save Nigeria Anti-Corruption Initiative.” The group’s reason was based on his incompetence as they called on him to resign and save the Nigerian economy from collapse.
“The group noted that the CBN governor was nothing but a politician. They firmly stated that Emefiele joined in sponsoring PDP campaigns for the 2015 General Elections. As a result, the group called for his immediate resignation based on his incompetence, corruption and partisanship. However, due to his corrupt nature, he manoeuvred his way as he refused to resign from his appointment.
“Recall that in 2017, it was published by Premium Times about how the CBN Governor was secretly and illegally operating secret companies in tax havens. By this, Mr Godwin Emefiele as CBN governor, violated the laws governing the dictates of his office as the head of such a sensitive institution as CBN. While Premium Times indicted Emefiele as far back as 2017, we do not understand why Mr Godwin Emefiele was neither relieved of his duty nor arrested and prosecuted by the requisite legal and security agencies as he failed to resign on personal grounds.
Under Emefiele’s watch, the naira has constantly lost value, further running the Nigerian economy aground. It is worrisome why a supposed economic expert cannot deliver on the dictates and responsibilities of his office, upon which the survival of the Nigerian state largely depends.
“Mr Godwin Emefiele took his political interest and ambition to another level when his presidential campaign posters filtered every nook and cranny of Abuja earlier this year (2022). In his usual corrupt nature, Mr Godwin Emefiele denied his presidential bid when concerns were raised. After his denial, the CBN Governor approached an Abuja High Court to be allowed to contest the All Progressives Congress (APC) presidential primary election while retaining his appointment.
“At a time when the country is facing severe inflation and economic meltdown, Mr Godwin Emefiele, who has been unable to manage the Nigerian economy and not stabilize the naira to be in relative competition with other leading currencies of the world, coughed out a whopping 100 million naira and purchased the APC Presidential Expression form of interest.
This was in addition to existing customized coaster busses, SUVs and other exotic cars he had purchased and distributed for his presidential ambition. Had the court not stopped him, Mr Emefiele probably would have been APC’s presidential candidate while still serving as CBN Governor. With this, what further proof does anyone need to know that Mr Godwin Emefiele is a politician?
“Other corruption charges against Mr Godwin Emefiele include diverting 89 trillion naira in stamp duty fraud. The CBN Governor is the chief conspirator. We need to understand why the man supposed to be responsible for fixing the Nigerian economy was instead ruining the economy.
This is Nigeria’s biggest financial scam and should not be swept under the carpet. Mr Godwin Emefiele is an economic terrorist, a scammer and a fraudster. He has milked Nigeria dry and has committed many crimes against the Nigerian state. We, therefore, call for his immediate arrest and prosecution with further delay.
“In another instance, the naira redesign by the CBN Governor is another scam and financial looting against the Nigerian state. While the intention is good, the process is fraudulent. Hence, the money budgeted for redesigning the naira is way above the expected gains from the exercise.
The bulk of the money ended up in the coffers of Mr Godwin Emefiele and his cohorts. Following all of the above, it is unarguable that Mr Godwin Emefiele is nothing but a criminal who was determined to ensure the collapse of the Nigerian economy and supervise Nigeria’s looting to last.
“Mr Godwin Emefiele has also single-handedly approved and supervised the grant of loans to many of his cohorts without following the due process of loan grants by the CBN. These loan grants, as granted by this impostor, Mr Emefiele, were part of the strategy of diverting Nigeria’s funds while many sectors of the economy suffered low funding.
“On this note, we, Concerned Citizens of Conscience, write to demand the immediate arrest and prosecution of Mr Godwin Emefiele, who, while a fugitive in the United States of America, is purportedly acting as the Governor of the Central Bank of Nigeria.
Sir, on several occasions, Nigerians have called for his resignation, and on several occasions, he has ignored this call by patriotic Nigerians who want the best for our country. He ceased being CBN Governor on 21st March 2016; he was asked to resign on verifiable cases of corruption, partisan politics and incompetence.
“You will agree with us that a politician is not supposed to, in any capacity, occupy such a sensitive office. By his actions and crimes, he has broken the laws of Nigeria governing the office he was appointed into.
He has on several occasions refused appearance before the Audit Probation of the National Assembly’s Public Accounts Committee, which has also indicted him for financial crimes and inappropriate accounts reports. Based on Section 89 (d), among other sections of the Nigerian 1999 Constitution as amended.
“Sir, it might interest you to know that Nigeria’s secret police, the Department of State Security, has applied to an Abuja Federal High Court to be issued a warrant for the arrest of Mr Godwin Emefiele over his involvement in financial terrorism against Nigeria.
“Aware of his actions and crimes against the Nigerian state, Mr Godwin Emefiele has travelled to hide in the United States of America (USA) in his bid to abscond from facing the wrath of the law. But with your good office, there shall be no hiding place for him as we believe in your capacity to arrest and extradite him to come and answer for his offences and as well, pay the supreme price of his crimes and for engaging in partisan politics while serving as CBN Governor, for looting and supervising the looting of Nigeria and for running the Nigerian economy aground among other crimes he has committed against the Nigerian state.
“We have confidence in the capacity of your office to arrest and extradite Mr Godwin Emefiele to answer for his crimes. While we anticipate a favourable response, please accept the assurances of our highest regards.
“CC:
DG DSS
IGP
Chairman of the EFCC
The US Ambassador to Nigeria
British High Commissioner
The Canadian Ambassador
The European Union Commission, Abuja.”
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NNRA Allegations: IADI Demands Evidence, Says Audit Queries Not Proof of Fraud
The Integrity Advocacy for Development Initiative (IADI) has called for a thorough, evidence-based examination of allegations of financial misconduct involving the Nigerian Nuclear Regulatory Authority (NNRA), warning against treating audit observations and media reports as established cases of fraud.
IADI Executive Director, Comrade Ofomhi Christopher, made the call on Wednesday at a press briefing in Abuja titled, “On the Allegations Concerning the Nigerian Nuclear Regulatory Authority (NNRA): Facts, Clarifications and the Need for Evidence-Based Accountability.”
The group was reacting to a publication by Secrets Reporters dated October 1, 2026, which alleged that about N6.69 billion was involved in contract fraud and misappropriation at the NNRA.
It also referred to a protest held on October 5 by Global Integrity Watch (GIW) at the NNRA headquarters, where the organisation demanded accountability, responses to audit observations and Freedom of Information requests, as well as changes in the leadership of the regulatory authority.
Christopher said while the allegations deserved scrutiny, they should not be treated as established facts without verification of the underlying records.
According to him, the public deserves to know the specific audit observations, periods and transactions involved, the nature of the contracts, the status of the projects or services, responses provided by the NNRA and whether the issues had been resolved or referred for further investigation.
“An audit observation is a serious matter requiring explanation and verification, but it is not, by itself, a judicial finding of fraud or personal misappropriation,” he said.
The IADI chief also referred to an explanation reportedly provided by the NNRA Director-General concerning the authority’s 2024 capital budget.
He said the explanation put the NNRA’s total 2024 capital budget at about N2.7 billion, comprising approximately N200 million belonging directly to the authority and about N2.5 billion for constituency projects, with an additional N200 million regional project bringing the figure referenced to about N2.9 billion.
Christopher, however, stressed that the explanation should not be regarded as conclusive, urging that it be tested against appropriation documents, budget releases, project records, procurement documents, payment records and audit reports.
“That is how responsible accountability should work: a claim is made, the response is heard, the records are examined, and the evidence determines the conclusion,” he said.
On allegations concerning unexecuted projects, the organisation called for physical verification of the specific projects, while allegations of inflated contract prices should be subjected to scrutiny of contracts, bills of quantities, procurement records and relevant price benchmarks.
It also urged that allegations concerning contractors be examined through relevant procurement and ownership records, while any claim of diversion or misappropriation should be established through the financial trail.
Christopher said where audit authorities had raised observations on expenditure, the public should be informed of the precise observations, the affected institution’s response and the current status of the issues.
The organisation also addressed the October 5 protest by GIW, acknowledging the constitutional right of civil society organisations to peaceful assembly and association under Section 40 of the Constitution.
It, however, urged CSOs to exercise such rights responsibly and within the law.
On Freedom of Information requests, IADI said there should be a distinction between the right to protest and the legal mechanism available where an FOI request is not answered.
The organisation noted that the Freedom of Information Act provides a judicial mechanism for applicants who have been denied access to information, adding that Section 20 allows an applicant to approach the court for a review.
IADI clarified that it was not suggesting that CSOs must obtain a court order before organising peaceful protests.
Rather, Christopher said, where non-compliance with an FOI request was the central grievance, the statutory and judicial mechanisms should be considered alongside legitimate civic action.
“An unanswered FOI request may justify further action to obtain the information. It does not, by itself, establish that fraud, misappropriation or any other wrongdoing has occurred,” he said.
The group also urged organisers of protests at government agencies to take public safety, access to government premises and the safety of protesters, workers and other citizens into consideration.
At the same time, it cautioned government institutions against using the possibility of confrontation as a justification for suppressing lawful civic expression.
“The answer to institutional disagreement should be law, evidence and due process, not intimidation or retaliation,” Christopher said.
He stressed that IADI was neither seeking to shield the NNRA from scrutiny nor dismiss legitimate questions concerning public expenditure at the authority.
He called on relevant audit and oversight bodies to state the status of the observations in question, the responses received from the NNRA and whether the matters had been resolved, sustained or referred for further investigation.
The organisation also encouraged CSOs pursuing accountability to make full use of available legal and institutional mechanisms while retaining their legitimate right to peaceful civic action.
“The public deserves accountability. But the public also deserves accuracy, fairness and evidence.
“A headline is not a verdict. An allegation is not evidence. An audit observation is not automatically a finding of personal guilt,” Christopher said.
He added that public institutions should not expect their expenditure to escape scrutiny merely because questions were raised through the media or civil society.
“Let the records be examined. Let the questions be answered. Let the evidence speak,” he said.
News
Dogara Mourns Victims of Air Force Plane Crash, Condole President Tinubu, Military
Former Speaker of the House of Representatives and Chairman of the Board of the National Credit Guarantee Company Limited (NCGC), Rt. Hon. Yakubu Dogara, CFR has expressed deep sorrow over the Nigerian Air Force aircraft crash that claimed the lives of 32 persons near Igbokoda, Ondo State. Dogara described the tragedy as a heartbreaking loss to the nation, noting that the deaths of the victims have left a painful void in the country’s defence and security community.
In a statement, the former Speaker extended his condolences to President Bola Ahmed Tinubu, Commander-in-Chief of the Armed Forces, the Nigerian Air Force, and the families of those who perished in the unfortunate incident.
He said the nation shares in the grief of the bereaved families and the Armed Forces at this time of immense sorrow, adding that the sacrifices of those who lost their lives in service to the country will not be forgotten. “The nation mourns with the families of the deceased and stands in solidarity with the Armed Forces during this difficult period,” Dogara stated.
He also commiserated with the Chief of Air Staff, officers and men of the Nigerian Air Force, praying that God grants them the fortitude to bear the painful loss.
According to him, moments such as this call for national unity, reflection and collective support for the families and institutions affected by the tragedy.
Dogara paid tribute to the victims, describing them as patriotic Nigerians whose commitment and service contributed to the security and stability of the nation. He further applauded the efforts of emergency responders, rescue teams and all personnel involved in the aftermath of the crash, commending their courage and professionalism under difficult circumstances.
The former Speaker prayed God to comfort their families, friends and colleagues.
He also offered prayers for the safety and protection of members of the Armed Forces and for continued peace, unity and progress in Nigeria.
The Nigerian Air Force aircraft crashed near Igbokoda, Ondo State, resulting in the death of 32 persons and plunging the nation into mourning. Authorities are yet to make public the cause of the accident as investigations continue.
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Centre for Credible Reforms Lauds Transparency in Ongoing Insurance Sector Reforms
The Centre for Credible Reforms and Institutional Accountability (CCRIA) has commended the Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Olusegun Ayo Omosehin, for promoting transparency and accountability in the ongoing reforms of Nigeria’s insurance industry.
The centre said the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 had ushered in a new phase of development for the sector, with stronger regulatory standards, improved capitalisation and greater emphasis on protecting policyholders.
Dr Aminu Abubakar Aminu, president of the centre, said this in a statement at the weekend.
Aminu commended President Bola Tinubu and the National Assembly for the enactment of NIIRA, describing the legislation as a major step towards addressing longstanding challenges in the insurance industry.
“The enactment of the Nigerian Insurance Industry Reform Act is a significant milestone in the development of Nigeria’s insurance sector. We commend Mr President and the National Assembly for recognising the need to modernise the legal and regulatory framework governing the industry. NIIRA provides the foundation for an insurance sector that is better capitalised, more accountable, more responsive to policyholders and better equipped to contribute meaningfully to the Nigerian economy,” he said.
The centre also praised Omosehin for his leadership of NAICOM, saying his extensive experience as an insurance professional had positioned him to effectively implement the new regulatory framework.
“We consider the appointment of Mr Olusegun Ayo Omosehin as Commissioner for Insurance and Chief Executive Officer of NAICOM a timely and appropriate decision. He is a seasoned insurance professional with many years of experience in the industry, and his understanding of the sector gives him the practical knowledge required to lead an important reform process of this nature. We commend him for the direction he has provided since assuming office and for his commitment to strengthening the industry,” Aminu said.
According to the centre, the ongoing recapitalisation exercise was among the important steps taken to strengthen the financial capacity of insurance companies and improve their ability to meet obligations to policyholders.
Aminu said the reforms were already producing early gains and should be sustained through consistent implementation.
“The early developments under NIIRA demonstrate that the reform is not merely a legislative exercise but a process capable of producing measurable improvements in the industry. Stronger capital requirements, improved supervision and greater attention to policyholder protection will ultimately create an insurance market that Nigerians can trust. We encourage NAICOM to remain focused on the implementation of the Act and to continue providing clear guidance to operators and other stakeholders,” he said.
The centre noted that the reforms would also help deepen insurance penetration and strengthen the industry’s contribution to national economic development.
It urged insurance companies, brokers, reinsurers, professional bodies and other stakeholders to embrace the new framework and work with NAICOM to achieve the objectives of the legislation.
“The success of NIIRA will require the cooperation of every stakeholder in the insurance ecosystem. Operators must see the reforms as an opportunity to strengthen their institutions, improve their services and regain the confidence of Nigerians. A well-regulated insurance industry can mobilise long-term capital, protect businesses and households against risks and support investment and economic growth. These are benefits that go beyond the insurance industry itself,” Aminu said.
Aminu emphasized that the centre was particularly encouraged by the emphasis on policyholder protection under the new framework, noting that public confidence remained critical to the growth of insurance in Nigeria.
He said Nigerians should be able to purchase insurance products with confidence that operators had the financial capacity and institutional structures required to honour legitimate claims.
The president further urged NAICOM to sustain its engagement with stakeholders while ensuring that the provisions of NIIRA were implemented transparently and consistently.
“What is required at this stage is continuity, professionalism and commitment to the objectives of the law. The reforms must be sustained beyond the initial implementation period so that the gains can become permanent features of the industry. We believe NAICOM, under the leadership of Mr Ayo Omosehin, has an important responsibility to ensure that the momentum is maintained, and we encourage all stakeholders to support the commission in delivering on this mandate,” he said.
The centre said the successful implementation of NIIRA would strengthen confidence in the insurance sector, improve the protection available to policyholders and position the industry to play a greater role in Nigeria’s economic transformation.
It also called for continued collaboration between NAICOM, insurance operators and other stakeholders to ensure that the objectives of the new law were fully achieved.
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