The former Governor of the Central Bank of Nigeria, Godwin Emefiele, briefly regained his freedom on Thursday night after he was released by the Department of State Services (DSS).
However, according to SaharaReporters, it was learnt that Emefiele who had been in DSS custody since June 9, was picked up immediately by the anti-corruption agency Economic and Financial Crimes Commission (EFCC).
“Emefiele regained his freedom last night but he was immediately picked up by operatives of the Economic and Financial Crimes Commission,” a top security source told SaharaReporters on Thursday.
It was learnt that the Presidency directed the EFCC to take over the case.
The DSS arrested Emefiele in June, on the same day President Bola Tinubu, suspended him from office with immediate effect.
SaharaReporters had reported that Emefiele was suspended “sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.”
A release by Willie Bassey, the Director of Information, for the Secretary to the Government of the Federation, George Akume, has also said, “Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.”
SaharaReporters in February reported how the DSS attempted to arrest Emefiele when Muhammadu Buhari was Nigeria’s president, but the then-Chief of Defence Staff, Gen Lucky Irabor, shielded him by providing soldiers to guard his residence and office.
The DSS had said it intensified its investigations in order to arrest and prosecute Emefiele, on allegations of terrorism financing and fraud.
SaharaReporters had also reported that Emefiele was set to be released from detention by the DSS after entering into plea bargaining with President Bola Tinubu’s administration.
SaharaReporters had gathered that the non-prosecution plea bargain for Emefiele was premised upon the former governor’s willingness to return N50 billion which he had corruptly amassed.
Emefiele and his associates were set for arraignment on N6.9 billion procurement fraud at the Federal Capital Territory High Court in August but the arraignment was stalled.
Sources had told SaharaReporters that Emefiele’s arraignment was stalled because the Attorney General of the Federation, Lateef Fagbemi (SAN) was awaiting Tinubu’s approval for it after signing the non-prosecution plea bargain. President Tinubu was out of the country at the time.
Emefiele faced 20 counts of conspiracy and procurement fraud levelled against him by the Nigerian government.
“The exclusive deal has been finalised awaiting Tinubu’s order. Tinubu is expected back in Nigeria this weekend after a medical visit to France. The DSS traced N72 billion to a series of accounts which Emefiele had planned to use for his presidential run. Also, $70 million he hid with a couple who specialised in helping him to do round-tripping was discovered,” a top source had revealed to SaharaReporters.
However, the spokesperson for the Ministry of Justice, Modupe Ogundoro, denied the existence of any non-prosecution plea bargain involving Emefiele.
Ogundoro said though the legal team representing Emefiele had expressed its intention in court at the last hearing to initiate a plea bargain arrangement, no such agreement existed between the office of the AGF and the former CBN governor.
On Wednesday, the detained former Chairman of Nigeria’s anti-corruption agency, EFCC, Abdulrasheed Bawa, was also released by the DSS.
Bawa was released 134 days after he was detained by the secret police without trial.
Bawa was arrested and detained by the DSS on June 14, 2023, following an invite.
The invite followed allegations of abuse of office shortly after he was suspended by President Tinubu.
SaharaReporters reported earlier on Wednesday Bawa had sued the DSS, also known as the State Security Service (SSS), for his continued incarceration without trial.
Bawa in the suit filed at the Lagos Division of the Federal High Court for the Enforcement of Fundamental Rights, brought by one Barrister Chinedu Oburu of Edu Oburu & Co. on his behalf, sought an order of the court to declare his detention without trial as illegal and to direct his immediate release.
The suit marked FHC/CS/2108/23 between Abdulrasheed Bawa as Applicant and SSS (DSS) as Respondent was brought Pursuant to Order 11 Rules 1, 2 and 3 of the Fundamental Rights (Enforcement Procedure Rules 2009, Sections 35(1)(4)(a), (5)(a)(b), 41(1), 46 of the 1999 Constitution as amended and under the inherent jurisdiction of the honourable court.
In the suit filed on October 20, 2023, the former EFCC chairman sought the following orders:
“A Declaration that the continued detention of the Applicant from June 14, 2023 till date without Arraignment or Criminal prosecution is a fragrant abuse and violation of his fundamental rights to freedom, liberty and personal dignity.
“An Order directing the Respondent to immediately release the Applicant from custody.
“And for further or other Orders as the Court may deem fit to make in the circumstances.”
On Thursday, the naira, depreciated further yet again to N1,315 per dollar at the parallel section of the foreign exchange (FX) market.
The figure represents a depreciation of N90 or 7.35 percent compared to the N1225 it traded on Monday.
“The dollar scarcity is still a problem,” a trader identified as Aliyu, told TheCable.
At the official market, the local currency appreciated by 5.51 percent, from N847.77/$ on Tuesday, to close at N801.10/$ on Wednesday.
This is according to data from FMDQ Securities Exchange — a platform that oversees official FX trading in Nigeria.
A total of $100.18 million was traded at the investors’ and exporters’ window (I&E) window — Nigeria’s official trading market.
Following the floating of the naira, the foreign exchange market has witnessed high levels of volatility — with the gap between the official and parallel markets further widening.
The Central Bank of Nigeria (CBN) lifted the ban on 43 items restricted from accessing forex to boost liquidity in the foreign exchange market.
CBN also said it will intervene “from time to time” to support the naira.
On Tuesday, the house of representatives summoned Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), over the decision to lift the forex ban on the 43 items.
To ease liquidity in the FX market, Wale Edun, minister of finance and coordinating minister of the economy, said Nigeria expects $10 billion in foreign currency inflows in the next few weeks.
Afrobeats star, Davido is now set to take revenge on those accusing him of owing.
Lately, the singer has been caught up in a whirlwind of accusations from people who stated that he is owing them different sums of money.
He took to ‘X’ formerly Twitter to advise everyone not to beg him when the payback starts.
“Mke nobody beg me”, he said leaving people pondering its meaning.
Many observers couldn’t help but associate this tweet with the ongoing allegations against him, suggesting that it might be directed at those accusing him of owing money.
He added, “You want to be famous ba?” insinuating that those trolling him wanted attention.
See his tweets below:
A former Chief of Army Staff and Nigerian Ambassador to Benin Republic, Tukur Buratai, has called on Nigerians to rally behind President Bola Tinubu to actualise his Renewed Hope agenda.
He said the apex court had, in a significant development, rendered its verdict in favour of the All Progressives Congress (APC) and President Bola Tinubu, thereby dismissing the claims put forth by the Peoples Democratic Party (PDP) and the Labour Party.
According to him, the ruling clearly indicates that the court found merit in the arguments presented by the APC and President Tinubu.
“The decision holds significant implications for the political landscape, potentially shaping future policies and governance under President Tinubu’s leadership.
“I am urging all Nigerians, particularly politicians, to graciously accept the judgment of the Supreme Court and extend their support to President Tinubu.
“It is crucial for the stability and progress of the nation that we unite behind our elected leader.
“By setting aside personal and political differences, we can collectively work towards the betterment of our country,” he said.
Popular music producer Samklef has taken to his page to continue dragging Davido, saying the artist doesn’t act like a celebrity.
Davido took to Twitter to tweet, “Make nobody beg me. You wanna be famous, ba? Okay”.
This tweet has angered Samklef who has taken to his page to drag Davido. He described him as a celebrity who makes noise everywhere.
Samklef also described Davido as a local boy who does not behave like a celebrity and someone who grew up abroad.
Samklef captioned his post, “Owe owe one! – 001 no Dey make noise! Go watch Scarface. when sosa want make move for Scarface (tony Montana ) he no make noise. U need to come make I lecture you the 48 laws of power. Try learn from wizkid u no Dey do like person wey stay for America Kai!”
Recall that Samklef accused Davido recently of owing him some money.
Liya, the former signee of DMW has disclosed the reason she left the record label owned by Afrobeats star, Davido.
In a recent podcast interview, Liya, known as DMW’s first lady, she opened up about her departure from the record label.
Despite releasing notable tracks like “Lakiriboto” and “Melo” during her time with DMW, she felt that her career wasn’t given the attention it deserved.
This perception led her to make the difficult decision of parting ways with the label.
Liya explained that her departure was primarily driven by her belief that her career wasn’t receiving the necessary focus and support from DMW.
She expressed the need to start afresh and carve her own musical path in a different direction.
Despite leaving DMW, Liya still reiterated her admiration for the label’s current roster of artists and their endeavors.
She emphasised her continued support for DMW and its new talents, wishing them well in their musical pursuits.
The application by Atiku Abubakar, the presidential candidate of the Peoples Democratic Party, PDP, to admit fresh evidence in his appeal against President Bola Tinubu, has been dismisses by the Supreme Court.
The application was dismissed for lack of jurisdiction.
The apex court said Atiku’s petition was a friendly joke. It insisted that the petition could not be granted.
It had been reported that Atiku had sought the leave of the apex court to present fresh evidence of forgery against Tinubu.
He pleaded with the court to look into the matter because of its constitutional and democratic implications.
The fresh evidence Atiku sought to tender was the academic records of Tinubu, which were handed over to him by the Chicago State University (CSU) on October 2.The former Vice President had informed the court that the fresh evidence was crucial to his appeal, adding that it has inherent jurisdiction to entertain and decide on the application.
However, the Supreme Court said it has no jurisdiction to entertain the fresh evidence as the time limit allowed by the constitution has elapsed.
At the time of filing this report, the judgment was still ongoing.