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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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Update : NIMC Records Facilitate Arrest of Seven Boko Haram, ISWAP Commanders – Ojo Reveals
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NIMC database helped arrest seven Boko Haram, ISWAP commanders returning from Hajj – Minister
The Minister of Interior, Dr Olubunmi Tunji-Ojo, said on Friday that Nigeria’s integrated identity management system led to the arrest of seven suspected Boko Haram and ISWAP commanders returning from the 2026 Hajj pilgrimage.
Tunji-Ojo disclosed this at the Presidential Villa, Abuja, shortly after President Bola Tinubu signed the National Identity Management Commission Act 2026 into law, as contained in a statement signed by the President’s aide, Bayo Onanuga.
According to the minister, the suspects were arrested last Thursday at the Katsina airport after returning from Mecca and were subsequently handed over to the Department of State Services.
He said the arrests were made possible through the integration of the National Identity Management Commission database with the Nigeria Immigration Service database and its connection to Interpol.
”I know, sometime ago, the Senate President was alarmed by how some terrorists went on pilgrimage, wondering how they crossed our borders. We inherited a fractured system.
”But I’m happy to tell you that even last week, Thursday, seven of the known commanders of Boko Haram and ISWAP at the point of coming back from Mecca were arrested in Katsina at the airport and were handed over to the DSS.
”This is only possible because NIMC’s ID is already connected with the immigration database, and it’s already speaking to even the Interpol 24/7, and we have been able to automate this,” the minister said.
Tinubu signs NIMC Act into law
Tunji-Ojo said the newly signed NIMC Act would further strengthen Nigeria’s security architecture by accelerating the harmonisation of identity databases and improving inter-agency collaboration.
According to him, the law will enhance the integrity of the National Identity Number system while boosting the country’s capacity to combat identity theft, terrorism, financial crimes and other security threats.
He said that before the current administration, identity management systems were fragmented, noting that services such as passport issuance and driver’s licence processing were disconnected from the national identity database.
”When Mr President came on board, we had a disconnected system within our identity data management system. At that time, getting a passport and getting a driving permit were completely disconnected from our identity database.
”But today, you can’t get a Nigerian passport without pulling data from NIMC,” he stated.
Tinubu signed the NIMC Act 2026 on Friday in the presence of Senate President Godswill Akpabio, Deputy Speaker of the House of Representatives Benjamin Kalu and other senior government officials.
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Ozekhome Ordered to Stop Using SAN Rank Amid Forgery Allegations
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Senior Advocate of Nigeria (SAN), Mike Ozekhome, has been barred by the Legal Practitioners’ Privileges Committee (LPPC) from further parading or referring to himself with that title pending the conclusion of ongoing disciplinary proceedings and other cases involving him.
“This action was taken pursuant to Paragraph 26(6) of the Guidelines for the Conferment of the Rank of Senior Advocate of Nigeria and All Matters Pertaining to the rank, pending the final determination of the disciplinary proceedings, presently before the Disciplinary and Ethics Sub-Committee of the LPPC and other proceedings.
“Accordingly, Chief Mike Ozekhome shall refrain from parading himself, presenting himself, or otherwise holding himself out as a Senior Advocate of Nigeria pending the final determination of the disciplinary proceedings,” the LPPC said in a statement issued on Wednesday evening by its Secretary, Kabir Akanbi.
Besides the “disciplinary proceedings” which the LPPC said are pending before its Disciplinary and Ethics Sub-Committee, Ozekhome and another defendant, Ponfa Useni, are currently being prosecuted before a High Court of the Federal Capital Territory (FCT) in Maitama.
Ozekhome and Useni are being prosecuted by the office of the Attorney General of the Federation (AGF) for, among others, allegedly forging documents, including an international passport and an irrevocable power of attorney, and engaging in impersonation to lay claim to a property in London allegedly acquired unlawfully by the late Jeremiah Useni, former Minister of the FCT.
Alleged forgery: Court AGF takes over Ozekhome’s case from ICPC
Fed Govt charges Ozekhome with forgery over UK property
The statement by Akanbi read, “The Legal Practitioners’ Privileges Committee (LPPC), at its 173rd general meeting held on 23rd June 2026, approved the suspension of Chief Mike Ozekhome, from the rank of Senior Advocate of Nigeria.
“This action was taken pursuant to Paragraph 26(6) of the Guidelines for the Conferment of the Rank of Senior Advocate of Nigeria and All Matters Pertaining to the rank, pending the final determination of the disciplinary proceedings, presently before the Disciplinary and Ethics Sub-Committee of the LPPC and other proceedings.
“The suspension is intended to safeguard the integrity, dignity, and prestige of the rank of Senior Advocate of Nigeria, while due consideration is given to the matters under review.
“Accordingly, Chief Mike Ozekhome shall refrain from parading himself, presenting himself, or otherwise holding himself out as a Senior Advocate of Nigeria pending the final determination of the disciplinary proceedings.
“The LPPC remains committed to upholding the highest standards of professional ethics, integrity, and discipline within the legal profession and to ensuring that the rank of Senior Advocate of Nigeria continues to command public confidence and respect.”
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Update : UK Lauds Nigeria’s Recovery Under Tinubu, Urges Others to Learn
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The United Kingdom (UK) has commended the economic reforms being implemented by President Bola Ahmed Tinubu’s administration, describing Nigeria’s ongoing recovery as a success story that other countries can draw inspiration from.
The UK National Security Adviser, Jonathan Powell, made the remarks on Tuesday at the opening of the 4th UK-Nigeria Security and Defence Partnership Dialogue, held at Nigeria’s Office of the National Security Adviser in Abuja.
Powell said the reforms had required difficult decisions but were beginning to yield tangible results in economic growth and recovery.
“The economic reforms undertaken by the government have not been easy, but the remarkable progress Nigeria is making today in terms of growth and economic recovery demonstrates that difficult decisions can produce significant results. It is a success story from which many can draw inspiration,” he said.
The UK official described Nigeria as an “African superpower” whose influence and strategic importance would continue to grow as its population, capabilities and economic strength expand.
“For the United Kingdom, Nigeria is a vital partner—our foremost partner in Africa. Nigeria is an African superpower, a nation that is already influential and one whose importance will continue to grow,” he said.
According to Powell, the UK has strong confidence in Nigeria’s future and remains committed to deepening bilateral relations through a partnership founded on mutual respect, shared objectives and practical outcomes.
“We want that relationship to be a mature and equal partnership, one in which we share strategic objectives and work together to deliver tangible outcomes.
“We have immense respect for Nigeria’s leadership role within the country, across the region and throughout Africa, and we are committed to supporting that leadership,” he added.
Powell also acknowledged the professionalism and dedication of Nigeria’s security services in addressing the country’s security challenges, stressing that Nigeria remains indispensable to regional stability and collective security.
“Nigeria remains central and indispensable to regional stability and collective security. There is simply no substitute for Nigeria’s role in promoting peace and stability across West Africa and beyond,” he said.
He expressed satisfaction with the continued success of the UK-Nigeria Security and Defence Partnership Dialogue, describing it as a cornerstone of the two countries’ growing security cooperation.
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