Author: Vincent Osuwo

The Department of State Services (DSS) has confirmed that the embattled governor of the Central Bank of Nigeria (CBN) is now in their custody. This was made known to the public in a press release signed by Peter Afunanya, the Public Relations Officer of the DSS. Emefiele who was suspended by Tinubu, was reported to have been arrested by men of the DSS. However, the DSS refuted the reports. BREAKING: Tinubu suspends Emefiele as CBN governor with immediate effect The statement reads: “The Department of State Services (DSS) hereby confirms that Mr Godwin Emefiele, the suspended Governor of the Central…

Sen. Shehu Sani has commended the suspension and arrest of the embattled governor of the Central Bank of Nigeria, Godwin Emefiele. In a tweet he made via his verified Twitter page, Sani, however, called for an independent team of auditors outside of the CBN to “thoroughly probe the apex bank and tell the country how the bank was run under Buhari’s Emefiele”. The Chronicle NG reported that Tinubu ordered the suspension and arrest of Emefiele yesterday, June 9, 2023. Emefiele not in our custody – DSS In a statement by the Secretary to the Government of the Federation, George Akume,…

The Zamfara State government has stated that forty vehicles were recovered from the houses of Bello Matawalle, the former governor of the state. The houses of Bello Matawalle, in Gusau, the state capital, and Maradun town, were searched by operatives of the Department of State Services (DSS) and Nigerian Police Force personnel. A statement by Suleiman Idris, the Senior Special Assistant on Media and Publicity to the Zamfara State Governor, said some government properties were recovered during the operation. EFCC probes Matawalle over N70bn fraud The state government stated that the raid, which was an execution of a court order,…

Men of the Lagos State Police Command have arrested eight notorious cable thieves and recovered stolen cables in the Igbo Efon area of Lekki. This was made known to the public by Benjamin Hundeyin, the Police Public Relations Officer, Lagos State Command. According to the police command, “Seven of the suspects were arrested at about 9:30 p.m. in Anthony Village, Lagos on June 1, 2023 when RRS operatives on patrol in the area accosted them while digging and shoveling the ground for armoured cable belonging to Ikeja Electric”. Lagos Taskforce raids Lekki criminal hideouts, arrests 38 He said : “Operatives…

PRESS RELEASE  PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR. President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy. Governors back Tinubu on fuel subsidy Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms. Willie Bassey Director, Information For: Secretary…

The Economic and Financial Crimes Commission (EFCC) has stated that its operatives in Port Harcourt, Rivers State, have apprehended fifty six suspected internet fraudsters. The Port Harcourt zonal command of the EFCC stated this in a press statement signed by Wilson Uwujaren, Head, Media & Publicity, of the zonal command. The statement stated that they suspects were arrested for allegedly involving in various criminal activities ranging from dating/romance scams to investment scams, oil scams, contract scams, impersonations, business scams, possession of fraudulent documents, crypto currency scams, and forgeries. Internet Fraud: EFCC arrests 28 suspects in Calabar The statement reads :…

President Bola Tinubu on Friday, in Abuja assured traditional rulers in the country that his administration will run an open-door policy that is ready to listen to the yearnings of Nigerians toward transforming the country’s rich potentials to reality. Speaking at an interactive session with the Royal Fathers under the aegis of National Council of Traditional Rulers of Nigeria (NCTRN), the President apprised them on the decision of his government to remove fuel subsidy, improve security, create jobs and sustain the environment as well as the forthcoming election of principal officers of the 10th National Assembly. ‘‘We are all ears.…

BudgIT, a leading civic-tech organization advocating for transparency and accountability in Nigeria’s public finances, is calling on the Budget Office of the Federation and the Office of the Minister for Finance of the Federal Republic of Nigeria to promptly publish the 2022 third quarter budget implementation report as mandated by extant legislation. It has been eight months since the end of the third quarter of 2022, and according to the law, the report’s publication ought not to extend beyond 30 working days after the end of the quarter. This request is pertinent, having ascertained that the report is presently inaccessible…

President Bola Tinubu has signed into law the 2023 Electricity Act, which replaces the 2005 Electricity and Power Sector Reform Act. The newly adopted law will end the monopoly of national power generation, transmission, and distribution in Nigeria. This new law will provide states, businesses, and individuals with the authority to generate, transmit, and distribute electricity throughout the country. In July 2022, lawmakers passed the Electricity Act 2023, which empowered states to grant licenses to private investors to establish mini-grids and power plants within their states. However, the Act excluded interstate and transnational electricity delivery. AEDC blames unstable electricity on…

Mr. Abdullahi Sule, the governor of Nasarawa State, stated yesterday that the Muhammadu Buhari administration spent over $19 billion repairing Nigeria’s four refineries in eight years with zero results. Governor Sule stated this while speaking on Channels Television yesterday, June 8, 2023. The governor, who was Managing Director of African Petroleum (AP) about 20 years ago, stated that the process and finances for fixing the country’s refineries were largely mismanaged. Buhari commissions Dangote refinery, seeks to end fuel imports The governor claimed that various licenses had been awarded in the past for the construction of refineries, but that this had…