latest
Former CBN Director: Committee Of Governors Did Not Endorse Emefiele’s Naira Redesign Policy
Former CBN Director: Committee Of Governors Did Not Endorse Emefiele’s Naira Redesign Policy....KINDLY READ THE FULL STORY HERE▶
Ahmed Umar, a former Director of Operations at the Central Bank of Nigeria (CBN), testified that the naira redesign initiative undertaken by former CBN Governor Godwin Emefiele lacked approval from the Committee of Governors. Umar’s testimony came during Emefiele’s ongoing trial, where he served as the first witness for the Economic and Financial Crimes Commission (EFCC)……CONTINUE READING
Umar revealed that in 2022, his department was tasked with drafting a proposal for the new naira design. Despite preparing the proposal with input from the Committee of Governors, the committee did not endorse it during their review on October 26, 2022.
The witness emphasized that while the proposal included a request for a redesign in 2023, it did not receive approval from the Committee of Governors. The standard procedure mandates the Board of Directors to recommend the design to the President for approval before production can commence.
The testimony, supported by evidence in the form of a Certified True Copy of the memorandum from the Operations Department, sheds light on the lack of official endorsement for Emefiele’s naira redesign policy.
Emefiele faces allegations of misappropriating funds amounting to N4.4 billion for printing “colored swapped N500 notes.” Despite the charges, Emefiele maintains his innocence, pleading not guilty.
Afrobeat artist Seun Kuti dramatically walked out of the Lagos white wedding of content creators Habeeb Hamzat (Peller) and Elizabeth Aminata Amadu (Jarvis). Kuti’s exit was triggered by the event MC’s controversial remark comparing modern Afrobeats musicians to his late father and Afrobeat legend, Fela Anikulapo-Kuti. Expressing his displeasure and stating he was in the wrong place, Kuti left the hall while the star-studded ceremony continued.....KINDLY READ THE FULL STORY HERE▶
Ahead of their August 1, 2026 wedding, Peller shared that he had temporarily stepped back from social media to attend private marriage counseling in order to become a better husband to Jarvis. Additionally, Peller revealed he purchased a $36,000 TV van so that fans across Nigeria and the world could watch their wedding broadcast live.
latest
No More Hiding! Oil Sector Professionals Mount Heavy Pressure On Government To Probe NNPC & NUPRC Now.
A coalition of oil and gas professionals, speaking through their convener Ayodele Momoh, has called for a thorough investigation into the Nigerian National Petroleum Company Limited (NNPC) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) amid ongoing controversies surrounding production performance, licensing, and contract awards.....KINDLY READ THE FULL STORY HERE▶
-
Persistent Low Production: The forum noted that despite previous leadership changes—including the removal of former NNPC GCEO Mele Kyari over corruption and non-performance claims—production output continues to hover below the 1.7 million barrels per day benchmark under current management.
-
Licensing and Conflict of Interest Allegations: The professionals criticized the marginal fields licensing process, pointing to suspected insider influence, uneven rules, and overlapping block allocations (specifically concerning OML 64 and OML 98) linked to associates and personal networks of senior management, including Bayo Ojulari and a top NUPRC official.
-
Calls for Removal: Expressing concern over transparency and accountability, the group demanded the removal of both Bayo Ojulari from his NNPC role and Meyiwa Eyesan from the NUPRC to safeguard the integrity of licensing and contract awards.
-
Plea for Independent Oversight: While acknowledging that Ojulari has maintained his actions were done with presidential awareness, the forum stressed that public accountability requires transparent oversight rather than reliance on political proximity.
-
Investor Confidence: The stakeholders urged the Presidency and oversight agencies to act swiftly and independently to clear up uncertainties and restore credibility to Nigeria’s petroleum sector.
latest
THE ULTIMATE SHOCKER: Rufai Oseni Blasts Unqualified 2027 Presidential Hopefuls Who Can’t Even Name Their Primary School!.
As public scrutiny intensifies over the nomination documents released by the Independent National Electoral Commission ahead of the electoral cycle, Arise Television Morning Show anchor and broadcaster Rufai Oseni has publicly questioned the transparency of candidates running for the nation’s highest office.....KINDLY READ THE FULL STORY HERE▶
Reacting via social media, Oseni emphasized that citizens should closely evaluate aspirants who omit basic educational history, writing: “People that can’t tell you their primary school want to be your president and Nigerians will vote them.”
The remarks follow the public display of statutory documents, academic credentials, and personal particulars submitted by presidential contenders. According to the filings:
-
President Bola Tinubu of the All Progressives Congress (APC) listed a Bachelor of Science degree from Chicago State University, while fields for primary and secondary school attendance years were marked as “0000.”
-
Conversely, filings from other political figures—such as Peter Obi of the Nigeria Democratic Congress (NDC) and Atiku Abubakar of the African Democratic Congress (ADC)—detailed educational histories starting from primary school.
Under the Electoral Act, this public display period allows citizens to review nomination papers and challenge any suspected false information in court through official channels. For further updates and documentation, you can visit the INEC Portal.
-
latest11 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp