Tag: Godwin Emefiele

Judge Rejects Request To Withdraw From Emefiele’s Trial

Ganiyu Amodu

Justice Rahman Oshodi of the Lagos State Special Offences Court in Ikeja has dismissed a request for his recusal from the ongoing trial of the former Governor of the Central Bank of Nigeria, Godwin Emefiele. Delivering his ruling on Wednesday, Justice Oshodi held that the allegations of bias raised by the defence were unsubstantiated, stating that there was no evidence to justify his withdrawal from the case. The defence, led by Olalekan Ojo, had on Monday orally applied for the judge to recuse himself, arguing that his previous rulings suggested…

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Dangote Refinery Petrol Hits Market July, Nigerian To Save N7tn

Abibat Babalola

The Nigerian Government may save about N35tn in fiscal expenditure within the next five years with the commencement of operations at the Dangote Refinery and Petrochemicals. The Governor of the Central Bank of Nigeria, Godwin Emefiele, disclosed this on Monday during the ceremony to inaugurate the Dangote Petroleum Refinery and Petrochemical facility in Ibeju-Lekki, Lagos. The President, Major General Muhammadu Buhari (retd.), who inaugurated the refinery, which is currently the world’s largest single-train petroleum refiner, said his regime had been deliberate about ensuring public-private partnerships. READ ALSO: Iam Tongi Wins…

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Ode To Mr. Cashless: A Parody Of Shakespeare, By Mohammed Adam

ADEOLA YUSUF

  “Efielema, Elemafie, Efiemale; whatever thou art called or thou answereth to, Pythagoras would be right, thou art a vengeful torment from Hell. But the thunder that wouldst strike thee soon, heaven itself has not made -YET!” A victim of naira Crisis records his pains in poetry   He is no bonafide ‘apex banker’, but a villainous mountebank, A threadbare juggler, usurer and a speculative fortune-teller, Efielema, Elemafie, Efiemale; whatever thou art called or thou answereth to, Pythagoras would be right, thou art a vengeful torment from Hell. Else what…

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Naira Redesign: 3 Governors Under EFCC Watch Over Hidden Billions, Bawa Reveals

Abibat Babalola

Three serving state governors in Nigeria are being monitored over their moves to launder stashed billions of naira through table payment of salaries to workers, Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, told Daily Trust in an exclusive interview on Thursday. He said raid on Bureau De Change operators will be sustained, urging Nigerians to support the system, for the benefit of all. Daily Trust reports that the Central Bank of Nigeria (CBN) had on October 26 announced that the country’s currency would be redesigned to…

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Dollar Remittance: Presidency Wades Into CBN, NNPC ‘Feud’

Abibat Babalola

The presidency has waded into the controversy raging between the Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation Limited (NNPC). The presidency has waded into the controversy raging between the Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation Limited (NNPC) over the dwindling fortune of the naira, Daily Trust gathered from reliable sources yesterday. The CBN on Friday blamed the non-remittance of dollars to foreign reserves by NNPC as the reason for the plunge of the naira in the official and parallel markets. READ…

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Real Reason Naira Keeps Crashing Heavily Against US Dollars – CBN

Scott Matthew

The Central Bank of Nigeria has blamed the Nigeria National Petroleum Corporation Limited (NNPC) for the poor performance of the Nigerian currency. According to the CBN, the non-remittance of dollars to foreign reserves by NNPC is responsible for the naira’s free fall in the official and parallel markets. The CBN stated this in a report published on Thursday, the Nation reports. READ ALSO: Why We Raised Nigeria’s Interest Rate To 14% – CBN Nigerians Defy CBN Ban, Trade N78bn Bitcoin in 3 Months CBN Gov Emefiele Backs out of Presidential…

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Buhari, APC Governors Meet Ahead Of Party’s Presidential Primary

Abibat Babalola

This picture released by the Presidency shows President Muhammadu Buhari, APC governors, and others posing for a group photograph at the State House in Abuja on May 31, 2022. President Muhammadu Buhari on Tuesday met with governors of the All Progressives Congress (APC) ahead of the ruling party’s national convention to produce its presidential candidate for the 2023 general elections. The meeting which held at the Presidential Villa in Abuja had all members of the Progressives Governors’ Forum represented. READ ALSO Journalists barred as APC screens Tinubu, Amaechi, others How…

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News Buhari Sacked Emefiele As CBN Gov Fake – Presidency

Gbenga Adeoti

Emefiele who obtained through proxy with the sum of N100 million the presidential nomination form of the ruling All Progressives Congress (APC), has earlier sought the Court’s protection to remain in office while he is vying for President, a move many considered an abuse of office   The news making the rounds that President Muhammadu Buhari has sacked Godwin Emefiele as the Governor of Central Bank (CBN) is fake, Platforms Africa reports. Different sources at the Presidency confirmed to this reputable media group that contrary to the report published by…

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Nigeria’s central bank raises interest rate from 11.5% to 13%

Abibat Babalola

The Central Bank of Nigeria’s Monetary Policy Committee has jacked up benchmark interest to 13 per cent, 150 basis points above the previous rate. It is the first change since September 2020. The Governor of the Central Bank, Godwin Emefiele, made this known while reading the communique of the MPC’s 142nd meeting. Mr Emefiele said the action was to tame the rising inflation rate in the country. READ ALSO: CBN Gov Emefiele Backs out of Presidential race, Forgoes N100m Form Unknown gunmen Endorse CBN Gov, Godwin Emefiele, for President CBN,…

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CBN Gov Emefiele Backs out of Presidential race, Forgoes N100m Form

Abibat Babalola

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) ,has withdrawn from the 2023 presidential bid, Sparklight News has learnt. Emefiele’s final withdrawal came weeks after speculations were rife that he would contest for the seat during the upcoming general elections. “CBN Governor has withdrawn from the presidential race and has communicated his intention to continue as CBN Governor,” the source said. The Governor had met President Buhari Thursday, where he may have informed him of his final decision. Although,he declined comment after the meeting, Emefiele mentioned to State…

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