
News
We’ve not reinstated Cybersecurity levy on Nigerians – CBN
The Central Bank of Nigeria (CBN) has not reinstated the cybersecurity levy that was previously suspended.
The CBN had suspended the enactment of the cybersecurity levy following a decision by the Federal Executive Council (FEC).
In a notice in May, the CBN mandated all banks in Nigeria to collect and remit a 0.5 percent cybersecurity levy to the office of the National Security Adviser.
However, the Nigerian government ordered the suspension of the levy amid outrage from citizens.
Despite the suspension, there have been reports of the apex bank reintroducing the levy.
However, the apex bank has denied reintroducing the levy amid outrage from Nigerians.

The denial was contained in its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025 circular.
The circular, released on September 17, reads in part:
“The attention of the Central Bank of Nigeria (CBN) has been drawn to certain instances of misinterpretation or misrepresentation of its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines, published on September 17, 2024.
“In response, the CBN has temporarily withdrawn the document to minimize the risk of any further misrepresentation.
“As stated explicitly in the document to guide stakeholders, the CBN reiterates that the publication is a compilation of previously issued policies and guidelines by the Bank up to a cut-off date, typically December 31 of the relevant year.
“Some recent media publications referencing aspects of the Guidelines refer to policy positions of the Bank issued prior to December 31, 2023, which have changed in light of revisions and updates in 2024.
“One example is the cybersecurity levy, which was suspended in May 2024, superseding the circular reported in the Guidelines.
“Certain technical aspects of the Guidelines have been widely misreported and misrepresented. For example, reports have mistakenly sought to link the fuel subsidy removal to external reserves. Such reports essentially missed the analytical basis for the original statement, which was intended to observe a potential risk that was to be mitigated by policy.
“More recently, policies of the Bank around the naira exchange rate and those of the fiscal authorities have positively altered the outlook of the subject in question.
“In summary, the Guidelines must primarily be viewed as a record of policies, circulars, and directives issued by the Bank up to the end of 2023. They are not new directives and should not be reported as such.
“The Bank will continue to provide clear monetary policy direction and advice for the overall good of the economy. We urge all stakeholders to seek clarification of information about the Bank before publishing.”
All the corrections made were grammatical, including the addition of proper capitalization and punctuation.
News
My name has been cleared, says Alison-Madueke after London Jury acquits her of corruption charges
Former Minister of Petroleum Resources, Diezani Alison-Madueke, has declared her complete vindication after being acquitted of all charges brought against her by a jury at Southwark Crown Court in London.
In a statement issued on Wednesday through her representative, Bolouere Opukiri, Alison-Madueke said the verdict marked the end of an eleven-year legal battle that had subjected her and her family to intense public scrutiny.
“Today, at Southwark Crown Court, I was acquitted of all charges brought against me,” she said.
Reflecting on the lengthy legal process, the former minister described the period as one of immense hardship and personal suffering.
“For eleven arduous years, this matter has weighed heavily upon me and my family. Today, a decade of unrelenting and unjust vilification, condemnation, and scrutiny has finally concluded,” she stated.
Alison-Madueke expressed gratitude to God, her legal team, family and friends for their support throughout the trial.

“I give thanks to Almighty God for His faithfulness and for the complete vindication I have received. I am grateful to my legal counsel for their diligence, and to my family and friends for their steadfast support and encouragement throughout this period,” she said.
The former minister said the verdict had brought a sense of relief and closure after years of legal uncertainty.
“I am profoundly relieved. My name has been cleared, and this ordeal has come to an end,” she added.
Despite the acquittal, Alison-Madueke indicated that she intends to speak further about the events of the past decade and outline her future plans.
“This, however, is not the final chapter. In due course, I shall address this difficult period in greater detail and share my intentions for the future. For now, I intend to embrace the freedom that has been unjustly denied me for many years,” she said.
The statement followed her acquittal at Southwark Crown Court, bringing to a close a legal case that had attracted significant public attention over the past eleven years.
News
London court acquits Alison-Madueke of all corruption charges
Diezani Alison-Madueke, the former Minister of Petroleum Resources, was on Wednesday acquitted by a London jury of six bribery charges, after a rare corruption trial of a high-profile former energy official.
Alison-Madueke was minister between 2010 and 2015 under then-president Goodluck Jonathan.
She stood trial charged with five counts of accepting bribes and a charge of conspiracy to commit bribery, which she denied.
Prosecutors alleged Alison-Madueke, 65, was given “a life of luxury” in London from oil and gas industry figures seeking lucrative contracts in Nigeria, which has long grappled with mismanagement and corruption.
But the former minister, who was also briefly president of the Organization of the Petroleum Exporting Countries, said she never took any bribes and had no real influence over awarding of lucrative government contracts.
After a trial at London’s Southwark Crown Court, Alison-Madueke was acquitted by a jury of all six charges she faced after more than 46 hours of deliberation.

The not guilty verdicts are a major blow to British authorities, which began their investigation into corruption allegations against Alison-Madueke more than a decade ago.
Alison-Madueke stood trial alongside oil industry executive Olatimbo Ayinde, 54, who was charged with one count of bribery relating to Alison-Madueke and a separate count of bribery of a foreign public official.
Alison-Madueke’s brother Doye Agama, 69, was charged with conspiracy to commit bribery with his sister relating to payments made to Agama’s church.
Both Ayinde and Agama denied the charges against them and were also acquitted by the jury. (Reuters)
News
Court martial: 12 soldiers face trial over alleged murder, other criminal offences
The Commander, 4 Special Forces Command, Nigerian Army, Doma, Maj.-Gen. Olurotimi Awolo, has inaugurated a General Court Martial (GCM) to try 12 soldiers accused of various offences, including alleged murder, assault and aiding criminality.
Speaking during the inauguration on Tuesday in Doma, the Commander, represented by the President of the General Court Martial, Col. Salihu Ibrahim, said the convening order was issued pursuant to powers conferred on him by Section 131(2)(d) of the Armed Forces Act, Cap A20, Laws of the Federation of Nigeria, 2004.
He said the court was constituted to hear the cases of all accused personnel and determine each matter strictly on its merit.
“The court will be guided throughout the trial by the principles of natural justice as enshrined in the Constitution of the Federal Republic of Nigeria, 1999 (as amended).
“We are also mindful of the cardinal principle of criminal justice that every accused person is presumed innocent until proven guilty.
“Where the prosecution fails to establish any allegation beyond reasonable doubt, the court will discharge and acquit the accused person.

“Conversely, where an accused person is found guilty, the law will take its course in accordance with the provisions governing such offences,” he said.
He assured all parties of the court’s commitment to fairness, justice and professionalism, urging prosecution and defence counsels to avoid unnecessary delays and frivolous adjournments.
The court president maintained that speedy disposal of the cases would serve the interest of justice and ensure confidence in the military justice system.
However, trial could not commence immediately after the inauguration as six of the accused persons present in court were declared medically unfit to stand trial.
The court’s Medical Orderly, Sgt. Audu Ahmadu, informed the panel that five of the six accused persons had elevated blood pressure levels.
Following the development, the prosecutor, Capt. Shamsondeen Sadiq, urged the medical orderly to ensure that the affected personnel received adequate medical attention to enable the trial to commence.
The President of the court subsequently adjourned proceedings to a later date, which would be communicated to all parties.
Speaking with newsmen after the inaugural sitting, Barr. George Illah, counsel to one of the accused persons, commended the Command for constituting the court martial.
He expressed confidence in the competence of the panel, noting that the president of the court, other members and the Judge Advocate were qualified to discharge their responsibilities.
“As a defence counsel, I will do my best to ensure that the soldiers standing trial before this honourable court martial get the justice they deserve.
“It is important for people to understand that military personnel standing trial before a court martial are entitled to all constitutional and legal rights guaranteed under the law, and we will ensure that those rights are protected,” he said.
The News Agency of Nigeria (NAN) reports that members of the General Court Martial include Col. A.A. Buhari, Lt.-Col. Victor Yamu, Lt.-Col. A.K. Karma and Lt.-Col. S. Abdullahi.
Others are Maj. J.M. Usendeng, Maj. A.D. Ahmed, Maj. U. Ahmed, Maj. S.L. Sagu, while Capt. U. Nna serves as Judge Advocate. (NAN)
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