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House of Fraud : Buhari’s Supporters To Stage 7-day Protest Against Central Bank Governor, Emefiele Over E-Naira, Bad Economy and N500Billion Scandal

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A pro-Muhammadu Buhari group, Nigeria First Movement has called for the resignation or sacking of the governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele.

According to the supporters of the President, doing so will save the nation from further economic meltdown.
Group Coordinator, Augustine Richard in a statement said the latest introduction and subsequent launch of the digital currency, eNaira by Emefiele is the “final nail in the country’s already doomed economy.”

Since the release of the eNaira, the app has received negative reviews from Nigerians, who were disappointed with the tedious registration processes as part of the requirements.

The group also urged the CBN Governor to resign over his alleged inability to stabilise the country’s bleeding economy.

It threatened to mobilise over 200 other pro-Buhari groups across the globe for a ‘mother of all protests’ that would hold simultaneously in Abuja, Lagos and London, UK against Nigeria’s poor economic posture if Emefiele failed to resign or get sacked.

“Emefiele may have made history as the only governor to be re-appointed for a second term in office since the nation’s return to a democratic rule, however, he is best known for surrendering much of the bank’s independence, running a monetary policy that had record negative impact on the economy,” Richard said.

“The introduction and subsequent launch of the digital currency, eNaira, is perceived as the final nail in the country’s already doomed economy.

“We are ready to champion the call for Emefiele’s removal by staging a one-week protest that could potentially cripple economic activities in Abuja. We’re also ready to mobilise over 200 other pro-Buhari groups across the globe in the ‘mother of all protests’ that would hold simultaneously in Abuja, Lagos and London against the nation’s poor economic posture.

“Emiefele played a pivotal role in the collapse of the economy since his appointment as the CBN chief and before his arrival, the economy was said to be one of the fastest growing in the world. Shortly after his reappointment in 2019, Emefiele announced a five-year plan that targets double-digit growth in one of Africa’s largest economies.

“His approach to policy implementation, however, has left many in doubt, raising questions on how his key policy move, especially in the context of management of the exchange rate, benefits the economy, and the naira he sought to protect.

“On July 24, 2020, the CBN launched a series of non-intrant loan schemes under the AGSMEIS, MSMEDF, AADF and other loan schemes. The program attracted a lot of Nigerians, with millions of them seeking to join the program through all due process. For more than a year now, nothing has been done. The CBN under Emefile has shirked its primary responsibility of ensuring price stability and has embraced a more developmental role, in the hopes of naira stability.

“As confirmed by the Chairman of the House of Representatives Committee on Finance, Rt. Hon. James Faleke, the CBN has failed to submit its Audited Account to the Office of the Auditor General (OAGF) for review, from 2010 to date.

“According to Kalu Ajah, chief executive officer at AfriSwiss Capital Assets Management Limited in Abuja, the CBN has pursued a strong naira policy and had sought to dampen imports. Well, imports have not declined and the naira is far from strong. One wonders if the import restrictions on items and capital controls were necessary or if the CBN should have devalued the naira earlier. I will say Nigeria did not benefit from the capital controls regime.

“The regulatory bank’s aggressive lending policy has been called into question as well, causing some concerns over the bank chief’s stewardship of the banking sector. The CBN is forcing banks to lend, and penalising non-lenders. These are shareholders funds being deployed via fiat.

“In October last year, the Central Bank fined 12 banks, including Citibank, First Bank of Nigeria, Guaranty Trust Bank, and Standard Chartered Bank N499 billion for failing to meet lending targets. It is another move that attracted criticism across the board.”

Richard added that the N500 billion which was stolen in a private Dubai investment towards the end of 2018 should be investigated by the President as well as other funds that went missing during Emefiele’s administration.

Our correspondent had in May 2019 made public a phone conversation of Emefiele; his deputy, Edward Lametek Adamu; Director for Finance, Dayo M. Arowosegbe and one of the Special Advisers to the CBN Governor, Emmanuel Ukeje discussing how to cover up the loss of over N500 billion stolen from the CBN in a private investment that collapsed.

CAUGHT ON TAPE some years back: CBN Gov Emefiele And Top Officials Discuss How To Cover-Up N500bn They Stole -Part1
CAUGHT ON TAPE: How Central Bank Governor Emefiele, Deputy Adamu And Top Officials Discussed How To Cover-Up N500bn Which They Stole From The CBN.

Two audio files, exclusively obtained by our correspondent revealed how the governor and top officials of the apex bank discussed plots to conceal the loss of huge sums of money in a Dubai investment.

The CBN claimed the audio conversation was genuine but no money was missing from the bank.

Isaac Okoroafor, the then Director of Corporate Communications had said: “The selective conversation being circulated was simply a discussion to ascertain why the auditors took that position and next steps to resolve it. Obviously, it soon became clear that a state government’s loan cannot be classified as ‘bad’ or ‘irrecoverable’ when the state still exists and getting FAAC allocations.”

However, in a petition written by Emefiele to the Inspector General of Police, he confirmed that the audio was authentic and this time raised the alarm that his phone had been bugged and that there was a breach of security at the apex bank.

He also asked the Inspector General of Police to investigate the audio lea.

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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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