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Dispute stalls FG and Emefiele : Plea bargain would not work, “Where trillions were being stolening, some of those affected have offered to refund N32 billion only,” Says source
Suspended CBN governor may face trial
Why deputy governors were dropped
There were hints yesterday that the suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele and other top officials of the bank may face trial afterall.
This follows the stalling of the plea bargain move between the Federal Government and the embattled apex bank boss.
It was learnt that Emefiele and the affected officials of the apex bank have “not made substantial concessions on some refunds expected from them.”
Sources said that trillions of naira were being tracked by a federal agency but only a few billions of naira was offered as refundable by some of those linked to the suspicious transactions.
Emefiele is being held by the Department of State Service (DSS).
It was gathered that some interceding forces and Emefiele have not made progress on the plea bargain terms.
Despite Emefiele’s offer to step aside in August, the other aspects of plea bargain process were “not substantially met.”
It has also been confirmed that the four deputy governors were dropped because of their alleged complacency when Emefiele was in the saddle at the apex bank.
The Presidency was shocked by the “massive scale of fraud and flagrant violations of the CBN Act,” it was learnt.
It was also learnt that following interventions, the government’s investigation, initially coordinated by a security agency, had recommended plea bargain option with Emefiele, who wanted it.
Apart from Emefiele offering to step aside, other terms were the withdrawal of court cases against the government and the refund of substantial cash allegedly linked to him and others.
But there were strong indications that the plea bargain option may have suffered a setback.
“The engagement of the Special Investigator has also uncovered more mismanagement of resources and questionable expenditures in CBN than what some security agencies dug up.
Investigator have uncovered a massive rot.”
A source within the Presidency, said the CBN was stinking. He declined to volunteer information on the plea bargain dimension.
The source said the government might prosecute anyone indicted.
He said: “I don’t know whether plea bargain has collapsed or not. I don’t even know if that is on the table to start with. But I know the CBN Governor and the Deputies have been removed.
“The investigations across board are going on and Iam sure the govt will prosecute anyone who has compromised the country.”
Investigation confirmed that the four deputy governors were replaced because of their alleged complacency.
The Presidency source said none of the deputy governors complained when Emefiele was allegedly mismanaging the CBN.
“Most of the DGs “actively collaborated with Emefiele on policies and decisions not in line with the CBN’s mandate,” he said.
Those affected were Folashodun Adebisi Shonubi (Deputy Gov Operations and Acting Governor); Aisha Ahmad (Deputy Governor, Financial System Stability): Adamu Lamtek (Deputy Gov Corporate Services) and Kingsley Obiora (Deputy Governor, Economic Policy).
The source added: “Investigation is still ongoing. The special investigator sure uncovered a lot of rots which implicated the Deputy Governors.
“There is no way the Deputy Governors would have remained with the scale of corruption, poor corporate governance and complacency that happened under Emefiele.
“Allowing them to remain will mean the government has condoned all that went down under their watch.”
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BREAKING: Tinubu Directs Immediate Withdrawal of Police Officers from VIPs for Core Policing Duties — Onanuga
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PRESIDENT Bola Tinubu has ordered the withdrawal of police officers currently providing security for Very Important Persons, VIPs in the country.
A statement issued by presidential spokesman, Bayo Onanuga said henceforth, police authorities will deploy them to concentrate on their core police duties.
According to the statement, the presidential directive was issued at the security meeting President Tinubu held on Sunday with the police, Air Force, army chiefs and the Director-General of the Department of State Services, DSS, in Abuja.
The Presidential directive stated that “VIPs who want police protection will now request well-armed personnel from the Nigeria Security and Civil Defence Corps.
“Many parts of Nigeria, especially remote areas, have few policemen at the stations, thus making the task of protecting and defending the people difficult.
“In view of the current security challenges facing the country, President Tinubu is desirous of boosting police presence in all communities.
“Already, President Tinubu has approved the recruitment of 30,000 additional police officers. The federal government is also collaborating with the states to upgrade police training facilities nationwide.”
Sunday’s meeting was attended by the Chief of Army Staff, Lt General Waidi Shaibu; the Chief of Air Staff, Air Marshal Sunday Kelvin Aneke; the Inspector General of Police, IGP Kayode Egbetokun; and the Director-General of the Department of State Services, Tosin Adeola Ajayi.
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Update : Relief in Kwara as Tinubu Announces Rescue of 38 Kidnapped Worshippers
…vows unrelenting pursuit of national security
President Bola Ahmed Tinubu on Sunday announced the rescue of all 38 worshippers abducted earlier in the week from the Christ Apostolic Church (CAC), Eruku, in the Ekiti Local Government Area of Kwara state, reaffirming his administration’s commitment to securing every Nigerian across the country.
In a post on his verified X handle, @officialABAT, the President said the development followed days of coordinated operations by security agencies, which he had personally supervised after cancelling his scheduled trip to the G20 Summit in Johannesburg, South Africa.
“You will recall that I cancelled my trip to the G20 Summit in South Africa to enable me to coordinate the security efforts at home. Thanks to the efforts of our security forces over the last few days, all the 38 worshippers abducted in Eruku, Kwara State have been rescued”, President Tinubu wrote.
The President also confirmed the recovery of 51 of the students abducted from a Catholic school in Niger State, noting that he continues to monitor nationwide security developments through constant updates from operational commanders in the field.
Expressing determination to sustain the pressure on criminal elements, President Tinubu assured citizens of his unwavering resolve to protect lives and restore stability.
“Let me be clear: I will not relent. Every Nigerian, in every state, has the right to safety, and under my watch, we will secure this nation and protect our people,” he said.
The President commended the security forces for their efforts and pledged that the government would continue to strengthen intelligence, response capabilities, and inter-agency coordination in the ongoing fight against banditry, terrorism, and other threats.
The rescue operations come days after heightened national concern over abductions in parts of the Northwest and North-Central regions, prompting the President to order additional deployments and intensified counter-terrorism actions.
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Our Security Crisis Troubles Me Most,” Tinubu Admits
President Bola Tinubu says insecurity remains the most troubling challenge facing Nigeria, especially the Northern region.
He said on Saturday in Kaduna that urgent efforts were required to rebuild trust, strengthen unity and restore safety across communities.
Tinubu, represented by the Speaker of the House of Representatives, Tajudeen Abbas, spoke at the 25th Anniversary of the Arewa Consultative Forum (ACF) and the launch of its Endowment Fund.
The president said insecurity must be tackled decisively to prevent further economic decline and educational setbacks.
Tinubu said, “Nothing troubles me more gravely than the security crisis bedevilling Nigeria, especially Northern Nigeria,
“We cannot prosper when one limb of the national body is paralysed.”
He said his administration inherited complex security challenges but was addressing them with “urgency and determination.”
The president said that the government was committed to eliminating terrorist and bandit groups operating in the North and reversing the region’s economic decline.
He expressed optimism about Northern Nigeria’s economic prospects, saying he looks forward to the day crude oil tankers begin to roll out from Kolmani and other northern oil fields.
Tinubu added that key infrastructure projects, including the Abuja, Kaduna,Kano Superhighway,. were being fast-tracked for completion and commissioning.
He said the North must speak with honest and courageous voices to address its challenges, warning that the region cannot progress if leaders fail to protect vulnerable communities.
“We fail the day we sleep comfortably while millions sleep with empty bellies, the day fear becomes a permanent companion for travellers,” he said.
Tinubu added that although decades of dysfunction had strained unity, the diversity represented at the ACF anniversary demonstrated a collective resolve to resist division and restore solidarity.
The president praised the ACF for serving as the conscience of Northern Nigeria for 25 years, saying that the forum had consistently defended dignity, fairness and equality for millions.
He described the Silver Jubilee as a celebration of courage, advocacy and principled service.
Tinubu urged leaders across all sectors to recommit to the values that guided the founding of the ACF, stressing that the unity and stability of the North were vital to Nigeria’s overall peace and development.
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