Federal High Court Orders Permanent Forfeiture of Properties Worth N12.18 Billion Linked to Ex-CBN Governor, Godwin Emefiele.
The Federal High Court in Lagos has ordered the permanent forfeiture of properties worth over N11.14 billion and N1.04 billion linked to Godwin Emefiele, former Governor of the Central Bank of Nigeria. Presidiing Justice, Chukwujekwu Aneke issued the…
CBN Disburses $61m to Foreign Airlines to Settle Mature FX Backlog
The Central Bank of Nigeria (CBN) has announced that it has disbursed a total of $61.64 million to foreign airlines through various Deposit Money Banks (DMBs). This disbursement is said to be in fulfillment of the CBN’s commitment to…
Emefiele Is The Worst CBN Governor In Our History, But We Don’t Need Media Trials — Professor Kingsley Moghalu
I have seen in the mainstream media and floating around on social media including Whatsapp, a report purported to be that of the CBN Special Investigator appointed by President Tinubu. I have some comments on this development. 1. The “report” has no…
Governor Advocates for Banking Recap CBN italisation to Safeguard Against Macro Risks and Foster Economic Growth
The Governor of the Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso has said that the proposed banking recapitalisation was necessary to protect banks from macroeconomic risks and to enable them fund big ticket transactions. Cardoso stated this…
BREAKING: CBN Suspends Charges On Cash Deposit Above N500,000 for Individuals, N3,000,000 for Corporate Organizations
In a landmark move, the Central Bank of Nigeria (CBN) has announced the immediate suspension of charges on cash deposits exceeding N500,000 for individuals and N3,000,000 for corporate organizations. This decision comes as part of the bank’s…
Former Central Bank Governor Illegally Detained, Alleges Conference of Nigerian Intellectuals in the United States
The Conference of Nigerian Intellectuals in the United States has raised concerns about the alleged human rights violations occurring under President Bola Tinubu’s administration, specifically regarding the continued detention of former…
Nigerians Worried as Central Bank Defers Monetary Policy Meeting Again amid Growing Economic Uncertainty
In a country already grappling with the adverse effects of soaring inflation and currency depreciation, concerns over the state of Nigeria’s economy reached new heights yesterday as the Central Bank of Nigeria (CBN) decided to defer the…
CBN Governor Cardoso Not Qualified For The Role, Has Patch-Patch CV — Former SGF, Babachir Lawal
Former Secretary to the Government of the Federation (SGF), Babachir Lawal has saidthe Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has a “patch-patch” Curriculum Vitae (CV). Lawal, while speaking during an interview on Arise News…
CSO Issues 7-Day Ultimatum to Tinubu and EFCC for Emefiele’s Release
In a new development, a prominent Nigerian Civil Society Organisation has taken a firm stance by demanding the immediate release of Mr. Godwin Emefiele, the former Governor of the Central Bank of Nigeria, from the custody of the Economic and…
EFCC Takes Over Investigation of Former CBN Governor Godwin Emefiele for Financial Impropriety
In a significant development, the Economic and Financial Crimes Commission (EFCC) has assumed responsibility for the investigation into former Central Bank Governor Godwin Emefiele. This move comes as the EFCC takes over from the Directorate of State…