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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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BATTLE FOR NIGERIA’S PGA LEADERSHIP THREATENS THE BODY’S EXISTENCE!

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For the first time in recent memory, the Professional Golfers’ Association of Nigeria is facing a crisis so severe it’s not just the trophies at stake—it’s the organization’s very survival.

At the center of this storm is the current Executive Committee, led by Tony Philmoore.

What was supposed to be a standard leadership run has turned into a high-stakes standoff. A growing, vocal faction within the membership has levelled explosive accusations against Philmoore, claiming he has morphed into a “high-handed” leader intent on overstaying his tenure.

The drama boils down to a classic case of “he-said, she-said” regarding the rulebook. The facts are these: Philmoore’s team was sworn in back in November 2023for what everyone understood to be a two-year term.

One senior member told our correspondent in no uncertain terms: “This is not how you run a professional body. Members were not properly represented in the decision for tenure elongation. You cannot wake up one morning and add three years to your mandate. Where is the governance? Where is the constitution?”

The member, who preferred not to be named for fear of further marginalisation within the association, revealed that formal letters have been circulated, legal opinions sought, and pressure quietly applied on the leadership to vacate or call for fresh elections. So far, Philmoore’s team has shown little sign of budging — and therein lies the stalemate that is strangling Nigerian professional golf.

However, in a move that has sent shockwaves through the greens, the leadership now claims they received an endorsement during their Annual General Meeting (AGM) for a five-year tenure proposal that was thrown up at the AGM, which members claimed hadn’t been endorsed.“It’s a power grab, plain and simple,” mutters another disgruntled member “There was no formal approval, no consensus, and certainly no transparency. We are looking at a leadership that wants to rule, not represent.”

A chance for truce had been blown when rather than heed a call for election, Philmoore initiated a court order that halted members’ proposed meeting to pass a ‘vote of no confidence’ in Lagos. The resolution would have forced the Executives’ hand and made and EGM obligatory but it got thwarted by the court order advising to stay action on the matter.

Earlier too, the apex ruling body for the game in Nigeria, Nigeria Golf Federation, had also attempted to broker peace and proposed terms to return normalcy through its President, Olusegun Runsewe. It obviously hasn’t worked.

While the executives trade accusations in boardrooms and WhatsApp groups, it is Nigeria’s professional golfers — the men and women who have dedicated their lives to the sport — who are paying the most devastating price.

Our correspondent spoke to Yusuf (not real name), an aggrieved professional player who expressed his frustration as this:

“We have lost one of our key regular year opening events in January due to this situation,” he revealed, his voice heavy with disappointment. “I heard that sponsors said we should go and put our house in order first.”

He paused. Then the real pain surfaced.

“It is a shame that the leadership are busy fighting for position, while the little channel for members to showcase their talent and earn their livelihood is being destroyed. I joined this career with so much hope. I am confident in my ability — but this situation has really made me depressed.”

The deeper and more alarming question swirling among golf industry insiders is this: how long can the PGA of Nigeria survive this self-inflicted wound?

Professional sporting bodies live and die by two things — credibility and continuity. The PGA is currently haemorrhaging both at an alarming rate. Without tournaments, players cannot earn. Without earnings, talent migrates or gives up. Without talent, there is no product to sell. Without a product, there are no sponsors. Without sponsors, there is no organisation.

It is a vicious spiral, and those watching from the outside say the end point, if nothing changes, is institutional collapse.

The PGA of Nigeria since formation in 1969 has survived economic downturns, infrastructure deficits, and the general turbulence of Nigerian sporting administration. But this — a leadership crisis born entirely of ambition and alleged constitutional overreach — may prove to be its most dangerous hour yet.

As of the time of filing this report, no resolution is in sight. Tony Philmoore’s camp remains entrenched, dismissing critics as a disgruntled minority. The opposition faction, meanwhile, is adamant and reaching out to the broader sporting governance community for intervention.

In the middle of it all stand Nigeria’s professional golfers — talented, ambitious, and utterly let down by the very institution created to serve them.

The greens are still beautiful. The clubs are still sharp. But the game, for now, is being played in the boardroom — and nobody is winning.

 

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Just IN : Relief in Kaduna as Soldiers Rescue 31 Kidnapped Easter Worshippers

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Troops of the Nigerian Army have rescued 31 civilians abducted during an Easter church service in Ariko Village, Kachia Local Government Area of Kaduna State.

The rescue followed a distress call reporting that terrorists had invaded an ECWA Church in the community and abducted worshippers during the service.

In a statement posted on its X handle on Sunday, the Army said that upon receiving the information, troops swiftly mobilised to the scene and, with the support and guidance of members of the Ariko community, advanced in pursuit of the fleeing attackers.

The Army said the troops engaged the terrorists in a fierce firefight, overpowering them with superior firepower.

“Troops of the Nigerian Army, through a swift response, successfully foiled a terrorist attack, leading to the rescue of 31 civilians abducted during an Easter church service in Ariko Village, Kachia Local Government Area of Kaduna State.

“The swift response followed a distress call reporting the abduction of worshippers during an Easter service at an ECWA Church in Ariko Village. The troops, on receipt of the information, promptly mobilised to the scene. With the support and guidance of members of the Ariko community, they advanced in pursuit of the fleeing terrorists and engaged the criminals in a fierce firefight, overwhelming them with superior firepower.

“The pressure mounted by the advancing troops forced the terrorists to abandon 31 hostages, including one injured victim who is currently receiving medical attention,” the statement partly read.

However, the army disclosed that troops also recovered the remains of five victims already killed by the terrorists at the scene.

“Regrettably, the remains of five victims already killed by the terrorists were also recovered at the scene. The fleeing terrorists are believed to have sustained significant casualties, as evidenced by blood trails along their escape routes.

“Troops have since intensified pursuit operations to track the fleeing elements to their enclaves, with ongoing efforts aimed at rescuing any remaining captives and ensuring the perpetrators are brought to justice,” the statement added.

The army said additional troops had been deployed to the area to reinforce ongoing operations, enhance security presence, and prevent further threats to lives and property.

“To consolidate the gains recorded, additional troops have been deployed to the area to reinforce ongoing operations, enhance security presence, and prevent further threats to lives and property.

“The Nigerian Army reaffirms its unwavering commitment to the protection of citizens and the defence of Nigeria’s territorial integrity, in collaboration with other security agencies and local stakeholders. Troops remain resolute in sustaining offensive operations against all threats to national security.

“Members of the public are encouraged to continue supporting the Nigerian Army and other security agencies by providing timely and credible information, as collective vigilance remains vital to achieving enduring peace and stability,” the statement concluded.

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Breaking : Tinubu Moves to Fix Power Crisis with N3.3tn Debt Clearance

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President Bola Tinubu has approved a ₦3.3 trillion payment plan aimed at resolving long-standing debts in Nigeria’s power sector and boosting the reliability of electricity supply.

The plan addresses legacy debts accumulated between February 2015 and March 2025 under the Presidential Power Sector Financial Reforms Programme.

Following a comprehensive review, the government agreed on ₦3.3 trillion as a full and final settlement, ensuring transparency and fairness.

A statement issued on Sunday by the special adviser to the president on information and strategy, Bayo Onanuga, stated that implementation of the repayment plan has already begun, with fifteen power plants already signed settlement agreements totalling ₦2.3 trillion.

The statement read, “President Bola Tinubu has approved the payment plan to finally settle the outstanding debts under the Presidential Power Sector Financial Reforms Programme.

“The debt repayment plan followed the final review of the legacy debts that have beset the power sector for more than a decade.

“The long-standing debts accumulated between February 2015 and March 2025. Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution.

“Implementation has begun, with 15 power plants signing settlement agreements totalling ₦2.3 trillion. The Federal Government has already raised ₦501 billion to fund these payments. Out of the amount, N223 billion has been disbursed, with further payments underway.

“What this means for Nigerians: With payments reaching the power value chain, generation will be more stable. With power plants supported, electricity reliability will improve.”

Commenting on the development, the Special Adviser on Energy to the President, Olu Arowolo-Verheijen, explained that the settlement would improve electricity reliability by stabilising the power value chain.

“This programme is not just about settling legacy debts. It is about restoring confidence across the power sector — ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably,” she said.

The adviser added that the reforms are part of broader initiatives, including better metering and service-based tariffs that link consumer payments to the quality of electricity received.

Priority will also be given to supplying electricity to businesses, industries, and small enterprises to support job creation and economic growth.

“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” Arowolo-Verheijen said.

President Tinubu commended all stakeholders involved in resolving the legacy issues and confirmed that the next phase of the reforms, Series II, will commence this quarter.

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