Connect with us

News

Cardoso ‘retires’ eight CBN directors employed by Emefiele

Published

on

Cardoso 'retires' eight CBN directors employed by Emefiele
Cardoso and Emefiele
Spread the love

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, is reportedly set to retire eight directors of the apex bank, barring any last-minute change.

It was gathered that the directors, who were employed by the former governor of the CBN, Godwin Emefiele, would be served early retirement letters this week.

According to Daily Trust, some directors were initially redeployed to an arm of the bank, FSS 2020, under the Governor’s Directorate, which worked closely with Emefiele.

The newspaper reported that the directors have worked from the Directorate’s office located in the Maitama District of Abuja since 24the November 2023, and are kept in a sort of pool to await “further directives.”

The newspaper said sources within the bank revealed that some had already been served the disengagement letters since Friday, 15th March 2024, but could not state clearly under what terms those affected were disengaged.

One of the sources said: “We don’t know whether they were given early retirement or their appointments were terminated outright.”

Maduka College Advert

The sources could not confirm if those being served early retirement letters have been found guilty of any offences, adding that the news of the planned sack has been widespread since Thursday last week.

One of the sources said the main reason for the sack of the affected officials was “because they had worked very closely with the immediate past governor of the bank, Mr. Godwin Emefiele”.

It was learned that the decision has raised great concern amongst staff of the CBN, who fear that it could be a prelude to more layoffs by the current management of the banking regulator.

Recall that the apex bank had relocated no fewer than 150 staff of the Banking Supervision Department (BSD), which is one of the 29 departments of the bank, to Lagos. The BSD is under the Financial System Stability Directorate of the CBN.

The relocation saga, it would be recalled, had generated heated controversy across the country, with many people of northern extraction alleging that it was an attempt to dislodge staff who are northerners from the institution.

But the CBN rebuffed those insinuations, insisting that it was part of a proper reorganisation of the bank, to ensure that the regular onsite examination of the 24 banks in the country was diligently carried out since most of those national and regional banks are headquartered in Lagos.

It also adduced that part of the reason for the relocation was the desire to de-congest the corporate headquarters of the bank.

News

Info Minister rallies media, DSS, security agencies against terrorism, fake news

Published

on

Minister of Information and National Orientation, Alhaji Mohammed Idris
Spread the love

Minister of Information and National Orientation, Mohammed Idris, yesterday, said that Nigeria’s battle against terrorism, banditry, kidnapping, cybercrime and disinformation cannot be won without a strong alliance between the media and security agencies, warning that fake news has become a major threat to national security.

Speaking at the National Security Summit organised by the Nigeria Union of Journalists, NUJ, in collaboration with the Department of State Services, DSS, in Abuja, the minister urged journalists and security institutions to forge a closer partnership to protect the country from both physical and information-based threats.

Addressing participants, Idris said the media and security agencies occupy strategic positions in safeguarding national stability and must work together to strengthen public trust, preserve national unity and advance development.

“While security agencies are entrusted with protecting lives, property and national sovereignty, the media serves as the watchdog of society and the bridge between government and citizens. Both institutions share a common objective , safeguarding the national interest and promoting peace, unity and development,” he said.

The minister stressed that Nigeria was facing increasingly sophisticated security challenges ranging from terrorism and violent extremism to cybercrime, organised crime, separatist agitations and the growing menace of misinformation and disinformation.

Idris warned that irresponsible reporting and the unchecked spread of false information could undermine security operations, inflame tensions and erode public confidence in state institutions.

Maduka College Advert

“National security is not served when misinformation is amplified without verification. Neither is it served when legitimate public concerns are ignored.

The challenge before us is to strike the right balance between the public’s right to know and the imperative of protecting national security,” he stated.

He said the administration of President Bola Tinubu has placed security at the centre of its renewed hope agenda, deploying a multi-pronged strategy involving military operations, intelligence gathering, technological innovation, inter-agency cooperation and community engagement.

Highlighting gains recorded by security forces, Idris said hundreds of terrorists, bandits, kidnappers and other criminal elements had been neutralised or arrested, while several criminal camps and hideouts had been dismantled across the country.

Continue Reading

News

EFCC arrests Nigerian-American for alleged $320,000 vehicle import fraud

Published

on

Spread the love

Operatives of the Economic and Financial Crimes Commission, EFCC, Ilorin Zonal Directorate, have arrested a Nigerian-American, Adegoke Oluwatobi Adams, for an alleged cross-border vehicle import fraud involving more than $320,000 (approximately N434.88 million).

According to the agency, Adams, who holds dual citizenship of Nigeria and the United States of America, is being investigated for alleged criminal breach of trust and obtaining money by false pretence.

In the statement shared on its official X handle, the EFCC said preliminary investigations revealed that the suspect allegedly belongs to a syndicate based in the United States that specialises in defrauding unsuspecting Nigerians under the guise of purchasing and importing vehicles for them.

The investigations, according to the EFCC, further revealed that, while residing in the United States, Adams allegedly advertised and circulated photographs of a 2024 Mercedes-Benz G63 AMG to prospective buyers in Nigeria, promising to purchase and ship the luxury vehicle to them.

“Findings revealed that two victims allegedly paid a total sum of $320,000 (over N434.88 million) for the vehicle. One of the victims, Ikechukwu Osita Ifeabunike, reportedly paid $145,000 through an intermediary, while another victim, Godson Azubuike Amans, allegedly paid $175,000 for the same vehicle,” the statement said.

It added said that further investigation also uncovered a prior criminal record involving Adams in the United States, allegedly related to the illegal acquisition of vehicles.

Maduka College Advert

The suspect was eventually arrested by operatives of the Ilorin Zonal Directorate of the EFCC upon his return to Nigeria.

The statement disclosed that the suspect will be arraigned in court upon conclusion of ongoing investigations.

Continue Reading

News

950 rights activists, journalists, unionists killed, disappeared in 2025 — UN

Published

on

Spread the love

United Nations, has said that preliminary data indicates that no fewer than 950 human rights defenders, journalists and trade unionists were killed or forcibly disappeared worldwide in 2025.

The figure was contained in the latest global dataset documenting attacks on rights defenders titled: “Human Rights Count.”

It was published by the Office of the High Commissioner for Human Rights, OHCHR.

According to the data, one human rights defender, journalist, or trade unionist is killed or disappeared every 10 hours.

“Every 10 hours, a human rights defender, journalist or trade unionist is killed or disappeared,” the report stated, adding: “Every hour, a child dies in armed conflict.

“One in five people have experienced discrimination in the past year.”

Maduka College Advert

Projected totals for 2025 indicate that at least 743 defenders were killed and 202 disappeared, with no sign of reversal in the upward trend.

At least 37,163 civilians lost their lives in 2025, from a record high of 48,011 in the preceding year.

It said: “Every 14 minutes, a civilian dies in armed conflict. Nearly one in five people worldwide indicate that they have experienced discrimination in the past 12 months.”

OHCHR lamented that violence against human rights defenders has reached record levels, with at least 5,995 killed since 2015.

According to the UN rights agency, violence against human rights defenders has reached record levels, with at least 5,995 killed since 2015.

It said the number of human rights defenders who were murdered or disappeared in 2025 was more than double the number a decade ago.

According to the report, attacks against human right defenders have reached record levels over the past year.

OHCHR regretted a surge in attacks on defenders, civilian deaths in conflicts, patterns of discrimination worldwide and the state of institutions tasked with protecting universal human rights.

According to the UN High Commissioner for Human Rights, Volker Türk, behind every data point is a real life lived or lost.

Turk said: “These new global human rights data show that discrimination, violence and exclusion are systemic and continue to affect those already at the margins.”

Continue Reading

Trending

Maduka College Advert