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Why I Suspended CBN Governor, Emefiele – President Tinubu Addresses Nigerians In France

Nigeria’s number one man, President Bola Tinubu has talked about why he suspended Godwin Emefiele as the Central Bank Governor.

Tinubu says Emefiele was suspended because of how he messed up the financial system of the country.

The president had on June 9, suspended Emefiele to allow for investigation into some allegations levelled against him concerning his activities as the CBN governor.

President Tinubu who broke silence on the arrest and detention of Emefiele on Friday, during an interactive session with Nigerians residing in France and neighbouring countries, said the financial system was rotten under Emefiele.

He said “Then the financial system was rotten. Few people made bags of money and then you yourself, you stopped sending money home to our poor parents. Several windows. But that is gone now. It’s gone.

“The man is in the hands of the authorities. Something is being done about that. They will sort themselves out.”

SaharaReporters had also reported that the suspended Central Bank Gov., Emefiele was arrested by the Nigeria’s secret Police, the Department of State Services (DSS) for alleged economic crimes, sabotage, incitement to violence, stealing of public funds among others.

The DSS in an affidavit of facts presented in court while seeking an order of court to detained Emefiele had listed these reasons for arresting him.

It said Emefiele was arrested “upon reasonable suspicion of committing acts which constitute a criminal breach of trust, incitement to violence, criminal misappropriation of public funds, economic sabotage, economic crimes of national security dimension and undermining the security of the Federal Republic of Nigeria.”

Meanwhile, the DSS and the Office of Attorney General of the Federation (OAGF) on Tuesday asked the Federal Capital Territory High Court not to grant bail to the suspended governor of the apex bank.

They argued that the suspended governor of the apex bank would flee the country if granted bail.

The DSS and the OAGF described Emefiele who is challenging his detention by the secret police as a “flight risk.”

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Shehu Sani Reacts As Tinubu Sacks All Service Chiefs

Former Kaduna federal lawmaker, Senator Shehu Sani, has taken to Twitter to react following the sack of all service chiefs including the Inspector-General of Police by President Bola Tinubu.
Recall that Tinubu had on Monday, retired all the service chiefs and also approved the replacement of the Comptroller-General of Customs.
According to a statement signed by George Akume, secretary to the government of the federation, their retirement is with immediate effect.
Reacting via his Twitter page, Senator Sani commended Tinubu for relieving the service chiefs of their duties.
According to him, they belong to the old decadent order.
“The retirement of those service chiefs and comptroller General of Customs and others is a welcome development. They belong to the old decadent order. When the head is gone, so should the tail. Good riddance,” the former lawmaker wrote on the microblogging platform.
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Presidential Tribunal: PDP’s Petition Stalled Over Unsorted Documents

The PUNCH reports that the joint petition by the Peoples Democratic Party and its presidential candidate, Atiku Abubakar recently came to a premature end.

The petition ended prematurely on Tuesday, over the presentation of unsorted documents before the Presidential Elections Petition Court.

The parties are challenging the outcome of the February 25 election wherein Bola Tinubu of the All Progressives Congress emerged as the elected president as declared by the Independent National Electoral Commission.

Respondents in the suit are INEC, the president, Tinubu, and his party, the All Progressives Congress.

During the resumed hearing in the matter, the lead counsel for the PDP, Chris Uche SAN, tendered the certified true copies of the INEC voters register for FCT in 14 batches.

The court admitted them as evidence and reserved ruling on the objections by the respondents.

According to the court, the documents were not properly sorted.

In his defence, counsel for the PDP, Chris Uche SAN told the PEPC that it was difficult to get electoral materials including Form EC8As from INEC on time.

He asked the court to admit the documents in evidence pending the proper numbering by lawyers to parties and the court registry after the close of the day’s proceedings.

He added that INEC should have properly arranged the documents before bringing them to court in line with a subpoena issued to the electoral umpire.

But INEC’s lawyer, Kemi Pinero, disagreed with Uche’s position.

He said, after an election, it was incumbent on the parties to arrange the electoral documents given to them by the commission.

More so, he said that the documents sought to be tendered by the PDP were brought by INEC’s officials from across the country.

He also stated that despite producing the documents,  the PDP had not paid for its certification.

In response to the back and forth, Justice Haruna Tsammani – led panel told Uche that it was the duty of his legal team to create a schedule of the documents after INEC had produced them through a subpoena.

After deliberations, the petitioners told the court that the legal team have agreed to take the documents back for arrangement and tendering by tomorrow, Wednesday.

After confirming the agreement of the respondents, the court adjourned the matter to June 21 for the continuation of the hearing.

The petitioners have less than a week to round up their petition against Tinubu.

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Tinubu, APC Lose Battle To Shut Out APM’s Petition Challenging Presidential Election

The Presidential Election Petition Court (PEPC) has rejected a move by President Asiwaju Bola Tinubu and the ruling All Progressives Congress, APC to stop the petition of the Allied People’s Movement (APM)  to challenge his qualification for the February 25, 2023 polls.

Tinubu, through his lead counsel, Chief Wole Olanipekun SAN, had sought to use a Supreme Court judgment delivered on May 26, 2023, to terminate the APM’S petition, but the request was turned down.

The grouse of Tinubu was that the Apex Court had resolved the sole issue raised in the petition of the APM in the judgment in a suit filed by the Peoples Democratic Party (PDP).

He sought to move the Court to invoke the spirit and letters of the Supreme Court judgment to halt the hearing into the APM’s petition.

The Presiding Justice of the Court, Justice Haruna Simon Tsammani, however, disagreed with Tinubu and held that the party cannot be shut out in the face of fair hearing.

Justice Tsammani asked Tinubu to keep his objections against the hearing of the petition to the final address stage of the court’s proceedings.

Similar objections raised by APC through its counsel, Charles Edosomwen SAN, against the petition on the same ground were turned down by PEPC for the same reason.

Earlier, the APM, through its lawyer, Mr Gideon Ijiagbonya, had informed the Court of receipt of the Supreme Court judgment being sought to be used to terminate its petition.

The lawyer said that upon perusal of the judgment by the Supreme Court, he and his legal team concluded that there is life in the petition and applied for its hearing.

He, however, sought adjournment till June 26 to enable him to obtain a vital document from the Independent National Electoral Commission (INEC) to establish his case.

Justice Tsammani, in a brief ruling, rejected a week-long adjournment and fixed Wednesday, June 21, for the hearing of the petition.

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Entertainment News

President Tinubu To Proceed On First Official Trip To France

Nigeria’s leading man, President Bola Ahmed Tinubu is expected to attend the Global Financing Pact Summit in Paris, France, next week.

This will be Tinubu’s first official trip overseas as Nigerian president since his swearing-in ceremony on May 29.

According to SaharaReporters, sources in the presidency revealed that Tinubu’s visit was also a “strategy” to see his team of medical doctors.

“BAT is to attend the Global Financing Pact Summit in Paris, France, next week. This will be his first official trip outside Nigeria since his assumption of duty as President,” one of the top sources disclosed on Saturday.

“The trip is to check his health too. It is a strategy to go to hospital,” another source noted.

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Tinubu Wants To Start Seeing Receipts Of Students’ Loan By September

President Asiwaju Bola Tinubu has stated that he wants to see recipients of students loan by September/October 2023/2024 Academic Session.

This was confirmed by the Federal Ministry of Education at a press conference on Wednesday, June 14.

Andrew David Adejo, Permanent Secretary of the Ministry, noted that government can no longer foot the bill of universities.

He said;

“Whether we like it or not, the government can no longer foot the bill for universities. That is why we are doing private public partnership. The universities already have autonomy, they autonomy they are yet to have is financial autonomy, it is when the get it that they can answer that question and the government is working towards that.

“President Bola Ahmed Tinubu has directed that he wants to see recipients of the loans by September/ October of 2023/2024 academic session and that as such, an inter-ministerial committee will be inaugurated on Tuesday to fine tune the process for students to get the loan within six weeks.

“Without meaning to say what the committee set up would do, we don’t want to make something that only public school students would benefit from, for now private schools are paying tuition so you have to give somebody who is going to private school an opportunity for get and pay tuition.

“What you have been seeing is the bill that was presented and went through final reading at the House of Representatives and before Mr. President signs a bill, he looks at it and sends it to relevant ministries and then decides if it is okay and if there are modifications that are necessary. Let us wait to see the Act and you will get the Act when it is transmitted to the ministry of justice to produce into a gazette.”

Adejo further revealed that asides from tuition, there are other fees the loan could cover. He said;

“You can’t give someone loan and say pay tuition without sustaining his school, No, you have to get accommodation, even if tuition fee in public universities are free you still pay for your accommodation and federal government would not give you loan that will not make sure you get in school, stay in school and graduate.”

On why same loan failed in the past, the permanent secretary said;

“We want the current act to learn from the mistake of the past where there are more defaulters than people that paid the bill, the past is like it is a government money come and take and go, free money but that is not going to be the case with this.”

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K1 De Ultimate Begs President Tinubu To Pardon Sunday Igboho

Fuji musician King Wasiu Ayinde Marshal aka K1 De Ultimate has sent a message to President Bola Tinubu.
He pleaded with Tinubu to pardon embattled Yoruba Nation agitator, Sunday Adeyemo, aka Sunday Igboho so that he can return to the country.
Recall that in July 2021, Igboho was arrested by the Interpol at Cadjèhoun Airport in Cotonou, Benin Republic.
Prior to his arrest, the Department of State Services (DSS) declared him wanted for allegedly stockpiling weapons in his residence.
The secession agitator was detained in a prison in the Benin Republic but was released in March 2022 to get medical attention on the condition that he would not leave the West African country.
Since his release, Igboho has remained confined within Cotonou.
K1 De Ultimate, in his passionate appeal during a live performance, sang melodiously on the need for peace in the country, calling for Igboho’s pardon.
He urged Tinubu to harmonise all interests, premising his argument on Nigeria’s unity.
He said: “Asiwaju, please anyone who has offended you, kindly forgive them. Irrespective of their tribes — Yoruba, Igbo, Hausa — we need to embrace ourselves.
 
“Akanbi, please let Sunday Igboho come back home, he’s one of our own. ‘Omo eni o sedi bebere, ka fi ileke si idi omo elomi’ (the borrowed translation is — “One cannot say because one’s daughter has ample buttocks he would put the waistbeads on another man’s daughter”)
 
“Please when you (Tinubu) settle properly in office, kindly resolve this grey area. Let Sunday Igboho return to his root. Likewise other agitators from various regions, call their leaders to a roundtable discussion. 
 
“I know it is what you can do, and you can do it.”
Kwam 1 further prayed for the success of Tinubu’s administration.
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President Tinubu To Address Nigerians In Live Broadcast

Nigeria’s leading man, President Bola Ahmed Tinubu will address the nation in a live broadcast on Democracy Day which is Monday, June 12.

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In a terse statement on Sunday by Abiodun Oladunjoye, Director of Information, State House, the broadcast is scheduled for 7 am.

“President Bola Ahmed Tinubu will broadcast to the nation on Monday, June 12, 2023, at 7am to commemorate this year’s Democracy Day.

“Television, radio stations, and other electronic media outlets are enjoined to hook up to the network services of the Nigerian Television Authority and Radio Nigeria for the broadcast”.

Recall that ex-president Muhammadu Buhari had moved Democracy Day from May 29th to June 12 in honour of the late Moshood Abiola.

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News

President Tinubu Appoints Folashodun Shonubi Acting CBN Governor

Mr Folashodun Adebisi Shonubi has been appointed as the acting Governor of Central Bank of Nigeria.

Shonubi’s appointment followed the suspension of Godwin Emefiele as the CBN Governor on Friday.

Until his appointment, he was the Deputy Governor, Operations Directorate.

Bayo Onanuga, a media aide to Tinubu disclosed this in a post via his Twitter handle on Friday.

He wrote, “Folashodun Adebisi Shonubi is the CBN acting governor. He has been since October 2018, the Deputy Governor, Operations Directorate. He was born on the 7th of March, 1962. He attended the University of Lagos from 1978 to 1983 and obtained a Bachelor of Science in Mechanical Engineering. He also represents the CBN on the board of FIRS”.

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.

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President Tinubu suspends CBN Governor, Godwin Emefiele

President Bola Ahmed Tinubu has suspended the Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele from office with immediate effect.

According to a terse statement by Willie Bassey Director, Information Office of the Secretary to the Government of the Federation on Friday night, it is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

We reports that 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.