Connect with us

latest

CBN Act Grants President Authority To Remove Deputy Governors

Published

on

CBN Act Grants President Authority To Remove Deputy Governors....KINDLY READ THE FULL STORY HERE▶

In the midst of the unfolding developments regarding the resignation of Godwin Emefiele, the Governor of the Central Bank, recent scrutiny of the CBN Act has revealed that the President possesses the unilateral authority to remove deputy governors. The President’s power to dismiss the Central Bank Governor, on the other hand, requires a two-thirds majority approval from the Senate, a requirement that does not extend to deputy governors.

One Dead, Roofs Blown Off As Windstorm Hits Yola Communities

Read Also A Journey Of Purpose: Sharing My Chevening Story Of Impact And Hope

Section 11, subsection 2f of the CBN Act explicitly grants the President the authority to remove any deputy governor without the need for consultation with the National Assembly. In contrast, the Act stipulates that the removal of the Governor must be supported by a two-thirds majority vote in the Senate, placing the fate of deputy governors primarily in the hands of the President.

Examining Babatunde Fashola's Pension Claims: Insights From Rotimi Fasan

President Tinubu has recently announced a new set of nominees for deputy governors, including Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. Philip Ikeazor, and Dr. Bala M. Bello. These nominees await ratification from the Senate and are intended to replace the outgoing deputy governors, namely Kingsley Obiora, Aishah Ahmad, Ade Shonubi, and Edward L. Adamu.

“Wike Threatens Severe Sanctions Over Unauthorized FCT School Shutdown”.

Despite these presidential nominations, the current deputy governors have not tendered their resignations as of September 16th. Sources close to the deputy governors have indicated that no formal resignations have been submitted. According to these sources, some of the deputy governors’ tenures were recently extended by the National Assembly, and therefore, they are still legally in office, having neither been dismissed by the President nor the National Assembly.

Nigerians React As ADC Criticizes Governor Uzodinma For Alleged Ineffectiveness And Lack Of Indigenous Support In Imo State

The situation surrounding the deputy governors is further complicated by the National Assembly’s recent extension of the tenure of some of them. Last December, the Senate approved second five-year terms for Aisha Ahmad and Edward Adamu. Dr. Kingsley Obiora, who was appointed in March 2020, is in the fourth year of his term, while Ade Shonubi’s term is set to expire in October.

Politicians Are Not Serving The People,’ Ex-DSS Boss Claims Amid Election Scandals

Legal experts have weighed in on this matter, highlighting that the CBN Act allows both the Governor and Deputy Governors of the Central Bank to submit their resignations at least three months in advance, in writing, to the President. The Act also empowers the President to appoint replacements to serve the remaining duration of the term. Notably, while Senate support is required for the removal of the CBN Governor, the same does not apply to the Deputy Governors, allowing the President to dismiss them without Senate approval.

Dollar Hits ₦1,480 In Lagos Black Market Amid Forex Market Volatility.

In essence, the law stipulates that the President can remove a Deputy Governor without Senate involvement, but Senate approval is necessary to remove the Governor. The recent nominations for deputy governors are subject to confirmation by the Nigerian Senate, and the fate of the CBN Governor, Godwin Emefiele, remains uncertain, with reports suggesting his resignation and a three-month notice period if accurate.

Tinubu’s Ambassadorial Picks Get Senate Approval Amid Heated Lawmaker Dispute.

In summary, the President has the authority to remove Deputy Governors of the Central Bank without Senate confirmation, while the removal of the Governor requires a two-thirds majority vote in the Senate. The recent nominations for these positions are awaiting Senate confirmation, and the situation regarding the current officeholders is complex, with legal and procedural considerations at play.

Advertisement

latest

Ogun Police Charge Blogger Adetoun With Six Counts Over Alleged Cybercrimes.

Published

on

The Ogun State Police Command has arraigned social media influencer Adetoun Onajobi, popularly known as @justadetoun, on six counts before the Federal High Court in Abeokuta.....KINDLY READ THE FULL STORY HERE▶

In a statement on Monday, police spokesperson Oluseyi Babaseyi alleged that Onajobi used social media and other online platforms to spread false claims against the Ogun State Government and harass the state governor, in violation of the Cybercrimes Act.

One Dead, Roofs Blown Off As Windstorm Hits Yola Communities

The police said Onajobi ignored multiple invitations to respond to the allegations and warned that she would be arrested to face trial.

Nigerians React As ADC Criticizes Governor Uzodinma For Alleged Ineffectiveness And Lack Of Indigenous Support In Imo State

“On January 2, 2026, the Ogun State Police Command invited Adetoun Onajobi to respond to allegations of online harassment of the Governor. Instead of attending, she sent a letter through her lawyer claiming medical incapacity and attached a doctor’s report detailing supposed health issues,” the statement read.

FG Unveils Selection Process For ₦50,000 Presidential Grant Beneficiaries

Investigations later revealed that the medical report was fabricated, leading to the arrest of the doctor, who admitted the document was created at Onajobi’s direction. The doctor has since been arraigned on charges including conspiracy, forgery, and obstructing justice.

Politicians Are Not Serving The People,’ Ex-DSS Boss Claims Amid Election Scandals

The police added that Onajobi has continued to evade all attempts to reach her, and her current location remains unknown. Authorities are also pursuing other individuals linked to the spread of false information allegedly orchestrated by her.

Examining Babatunde Fashola's Pension Claims: Insights From Rotimi Fasan

The statement emphasized that the police will exhaust all legal measures to apprehend Onajobi and bring her before the court. It also reassured residents that the command remains committed to combating all forms of crime—including digital offenses—while respecting the constitutional rights of citizens.

“Wike Threatens Severe Sanctions Over Unauthorized FCT School Shutdown”.

The police warned that freedom of expression does not protect unlawful conduct online.

Continue Reading

latest

Super Eagles’ Alex Iwobi Questions AFCON Third-Place Playoff.

Published

on

Super Eagles midfielder Alex Iwobi has questioned the importance of the Africa Cup of Nations (AFCON) third-place match, despite Nigeria defeating Egypt on penalties to secure bronze at the 2025 tournament in Morocco.....KINDLY READ THE FULL STORY HERE▶

Nigeria claimed third place after a 4-2 shootout victory over Egypt, but Iwobi argued that the fixture holds limited significance, especially so soon after the disappointment of their semi-final exit.

Betta Edu: Why EFCC Must Be Allowed To Do Its Job – APC Chieftain

The Fulham midfielder was a key figure throughout the tournament, starting every match except Nigeria’s group-stage game against Uganda. He contributed two assists in six appearances and was central to much of the team’s attacking play. In Saturday’s third-place playoff, Iwobi came off the bench in the final 25 minutes and calmly converted the decisive penalty to clinch victory.

Dollar Hits ₦1,480 In Lagos Black Market Amid Forex Market Volatility.

Reflecting on the game, he admitted the mental strain on the squad following their semi-final loss to hosts Morocco.

“We were surrounded by doubts after not making it to the World Cup,” Iwobi told beIN SPORTS.
“We wanted to win gold but ended up finishing third. The match was mentally tough because it’s hard for any player to forget the pain of losing in the semi-finals. I also don’t agree with having a third-place match, but in the end, we managed to win it.”

FG Unveils Selection Process For ₦50,000 Presidential Grant Beneficiaries

Iwobi also praised the quality of the Egyptian team, highlighting Premier League stars Mohamed Salah and Omar Marmoush, both of whom had their penalties saved by Nigeria goalkeeper Stanley Nwabali.

Politicians Are Not Serving The People,’ Ex-DSS Boss Claims Amid Election Scandals

“The Egyptian team played well, and we studied videos to prepare. Morocco is a beautiful country with great stadiums and hotels. I enjoyed the welcome and visiting Marrakech; everything was impressive,” he added.

Osun APC And PDP Clash Over Governor Adeleke's Actions In Handling Fuel Subsidy Funds

Nigeria’s bronze finish rounded off a strong campaign, though the team fell short of its ultimate goal. Forward Ademola Lookman echoed Iwobi’s sentiments, noting that the squad came to Morocco with one clear objective: gold.

“Everyone wanted the gold medal. We came for the trophy, but it didn’t happen,” Lookman said.
“We leave the tournament with bronze, and that is enough.”

Nigerians React As ADC Criticizes Governor Uzodinma For Alleged Ineffectiveness And Lack Of Indigenous Support In Imo State

Lookman was Nigeria’s most productive player at AFCON 2025, scoring three goals and providing four assists, the tournament’s highest combined total, putting him in contention for a spot in the official Team of the Tournament.

Prior to their semi-final loss to Morocco, Nigeria had been the only unbeaten team in the competition, winning all five of their matches. The dramatic penalty shootout defeat ended their flawless run and denied the three-time African champions a spot in the final.

“Wike Threatens Severe Sanctions Over Unauthorized FCT School Shutdown”.

The Super Eagles have now finished third at AFCON nine times: 1976, 1978, 1992, 2002, 2004, 2006, 2010, 2019, and most recently in 2025 in Morocco.

Continue Reading

latest

Mother Of Destiny Boy Discloses True Cause Of Son’s Death.

Published

on

Saida, mother of the late Afrobeat star Afeez Adeshina, popularly known as Destiny Boy, has opened up about the circumstances surrounding her son’s passing.....KINDLY READ THE FULL STORY HERE▶

The singer, who rose to fame in 2019 with his Fuji cover of Davido’s hit song If, died on Sunday, January 18, 2025, after a long struggle with a mysterious illness called “Ogu oru,” which often triggered seizures.

Examining Babatunde Fashola's Pension Claims: Insights From Rotimi Fasan

In a video that went viral on Monday, Saida explained that Destiny Boy’s condition was closely managed by the family, traditional healers, and clerics, and was largely kept private due to his celebrity status.

FG Unveils Selection Process For ₦50,000 Presidential Grant Beneficiaries

“Destiny went to rest. After his child’s naming ceremony, about four days later, we went to Oba Edu Ifayomi, who traditionally initiated him. The sickness caught up with him there, causing him to collapse. We immediately took him to the hospital. Oba Edu kept supporting us, sending money even as he was transferred to other hospitals. When we realized the sickness was persistent, we decided on traditional care, and Oba Edu guided us personally,” she said.

Nigerians React As ADC Criticizes Governor Uzodinma For Alleged Ineffectiveness And Lack Of Indigenous Support In Imo State

She revealed that the illness, Ogu oru, caused seizures that nearly drove him insane, and the family constantly monitored him to keep him safe.

Osun APC And PDP Clash Over Governor Adeleke's Actions In Handling Fuel Subsidy Funds

Addressing false rumours, Saida firmly denied claims linking Destiny Boy to money rituals: “Destiny Boy was not involved in money rituals. Those spreading such stories are just seeking attention from his death.”

“Wike Threatens Severe Sanctions Over Unauthorized FCT School Shutdown”.

Recalling his final days, she added, “On Saturday, he was still buying things for people, greeting fans, and preparing for a show on Sunday. Even then, the seizures struck again.”

Tinubu’s Ambassadorial Picks Get Senate Approval Amid Heated Lawmaker Dispute.

Saida also highlighted the crucial role of Oba Edu Ifayomi in guiding the family’s traditional care for Destiny Boy, who had recently welcomed his first child in November 2024.

Dollar Hits ₦1,480 In Lagos Black Market Amid Forex Market Volatility.

The Ogun State Police Command has confirmed that investigations into his death are ongoing, with further updates expected.

Continue Reading

Trending

Copyright © 2023 NIVONEWS