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Alleged Marginalisation of South East: Prominent Nigerians in US, UK, others move against CBN Governor Cardoso

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Breaking: CBN raises interest rate to 27.50%
CBN Governor Olayemi Cardoso
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…seek National Assembly’s intervention

Some prominent Nigerians of South East extraction in the Diaspora have initiated a petition against Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, over the alleged marginalisation of South Easterners in the apex bank.

The petition already signed by leading scholars, religious leaders and business titans of South East origin based in Germany, USA, United Kingdom, Finland, Australia, Ghana, Netherlands, South Africa, Canada, Norway, and Portugal, called on the NigerianNational Assembly to immediately investigate and review the appointments made by the CBN Governor “to ensure fairness and adherence to federal character principles.”

Entitled “Protest Against Marginalization of the South East in the CBN,” the petition was still gathering more signatures as at the time of filing this report on Saturday, April 5, 2025.

The petitioners are urging the National Assembly to intervene in the matter just as they threatened electoral repercussions for any office holder perpetuating the marginalisation of South Easterners.

The petition reads in full:

Protest Against Marginalization of the South East in the CBN

“We, the umbrella body of South East Socio-cultural Associations in the diaspora, express deep concern and disappointment over the recent directorship appointments at the Central Bank of Nigeria (CBN).

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A particular publication by Rufai Oseni, a respected columnist and TV personality, has brought to light serious allegations of lopsided and exclusionary appointments within the CBN.

The article, which can be found here https://veonewsng.com/index.php/2025/03/10/allegations-against-the-cbn/ provides a detailed and well-researched analysis of these appointments.

“Of utmost concern is the marginalization of South Easterners in the CBN under the leadership of Governor Olayemi Cardoso. As highlighted in the publication, the South East currently has only one director in the entire CBN—an outright injustice.

Systematic Exclusion of South Easterners

“Since assuming office as CBN Governor, Olayemi Cardoso has systematically marginalized South East staff. In May 2024, he dismissed all South East directors, including:

Chibuzor Efobi (Director, Financial Policy and Regulation)

Dr. Scholastica Ozoemena Nnaji (Director, Trade and Exchange)

Mr. Chibuike Nwaegerue (Director, Other Financial Institutions Supervision)

Mrs. Nkiru Asiegbu (Director, Special Duties)

“In addition to these dismissals, over 20 Deputy Directors—including some of the most competent specialists recruited from abroad—were also sacked. Among them were:

Dr. Valentine Ururuka (Macro-prudential specialist from the University of Lancaster)

Dr. Odim Orji (Monetary Policy expert)

Mrs. Angela Ofili (HR specialist from London)

Mr. Eze Christian (HR specialist)

“Furthermore, 15 Assistant Directors of South East origin, as well as numerous Senior and Junior staff, were dismissed across various departments. The South East was disproportionately affected by Cardoso’s ill-advised purge, which lacked due process and has resulted in multiple legal battles currently embarrassing the CBN in court.

“These dismissals were neither reviewed nor approved by the CBN Board. They were not subjected to the Central Disciplinary Committee, and the affected staff were never informed of any offenses committed. At the time of these actions, there was no board in place, and Cardoso’s legal team has since struggled in court due to the lack of due process and supporting documents. This reckless and impulsive decision-making has created significant financial liability for the CBN and, by extension, Nigerian taxpayers.

Unfair Directorship Appointments

“Rufai Oseni’s publication also exposes the deliberate exclusion of South Easterners from directorship positions after their mass sack. Based on our analysis, five highly qualified South East candidates performed excellently in their respective interviews but were unjustly overlooked:

“Rita Ijeoma Sike – Competed for Director, Banking Supervision Department, outperformed her South West opponent (Adetona Sikiru Adedeji), but was given a different role. Meanwhile, Adedeji, despite losing, was appointed Director of Currency.

“Chikelu Edison Oballum – Won the interview for Development Finance Institutions Supervision Department against Monsurat Vincent (South West), yet was denied a position. Instead, Monsurat was appointed Director, Strategy, a role she neither applied for nor interviewed for.

“Paul Ihuoma Oluikpe – Competed in two categories (Strategy Management and Innovation Department and Corporate Communications Department) and ranked in the top two for both. Yet, he was denied both positions, with Strategy being handed to Monsurat Vincent, who never applied for it, and Corporate Communications arbitrarily merged with Investor Relations, changing the rules midway after candidates had participated rigorously in the process.

“Promise Joe-Ibekwe – A highly competitive South East female candidate for Director, Payments System Management Department, was replaced by Rakiya Opemi Yusuf, who never applied for the role.

“Ifeoma Geraldine Okwor – Placed among the top candidates for Banking Services Department but was not appointed, while less qualified South West candidates secured directorship positions.

A Pattern of Exclusion and Tribal Favoritism

“The findings in Oseni’s report reveal an alarming trend: South East candidates who performed excellently were sidelined, while South West candidates were rewarded—even when they underperformed or never even applied for certain positions.

“Governor Cardoso has set a dangerous precedent by appointing 13 Yoruba candidates to directorship positions in one sweep while leaving the South East with just one appointment out of 29 departments. This unprecedented level of regional favoritism in a national institution cannot be justified under the guise of “competence.”

“Unlike previous administrations that ensured regional balance, Cardoso has blatantly ignored federal character principles. Even former CBN Governor Godwin Emefiele—despite his flaws—ensured that every region had at least four directors. Cardoso’s appointments, by contrast, expose him as a tribal champion who prioritizes ethnic loyalty over national unity.

Demand for Accountability and Justice

“We call on the National Assembly to:

(a) Investigate and review these appointments to ensure fairness and adherence to federal character principles.

(b) Reform the CBN governance structure to separate the roles of Governor and Board Chairman to prevent future abuses of power.

(c) Hold Governor Cardoso accountable for the unjust dismissal of South East staff and the financial liabilities incurred due to illegal terminations.

“The South East has contributed immensely to Nigeria’s development, paying taxes and supplying resources essential to national growth. We will not tolerate systemic exclusion from national institutions.

“We are mobilizing our representatives and senators to challenge these injustices.

“Furthermore, the South East community in the diaspora will actively work to ensure that policies and institutions that discriminate against us will face political consequences in 2027.

“Enough is enough!”

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Workers crown Mbah Top Governor, Commend Security, Infrastructure, Welfare Reforms

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Governor of Enugu State, Dr. Peter Mbah, has been honoured with two major awards by organised labour, emerging as the “Most Labour-Friendly Governor” and “Best Performing Governor” in Nigeria.

The recognition came as thousands of workers across the state commended his administration’s sweeping reforms, security measures, infrastructural expansion, and improved welfare policies.

The recognitions were made on Friday at the Michael Okpara Square in Enugu during the 2026 Workers’ Day celebration, organised by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), which attracted a large turnout of workers from both the public and private sectors, gathered to mark the annual May Day and reflect on labour conditions in the country.

In his address, the NLC Chairman in the state, Comrade Fabian Nwigbo, said the honours were in recognition of Governor Mbah’s deliberate efforts to transform Enugu into a modern, secure, and worker-friendly state, noting that while insecurity and poverty remain major challenges across Nigeria, the governor had “changed the narrative” in Enugu through decisive leadership and targeted reforms.

Nwigbo highlighted key achievements of the administration, particularly the restoration of security, which he said has enabled workers to carry out their duties without fear.

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He pointed to the successful eradication of destructive sit-at-home orders and the deployment of real-time surveillance systems, which have significantly reduced crime and improved economic activity over the past few years.

Beyond security, the labour leader praised the governor’s expansive infrastructure drive, citing the construction of Smart Green Schools and Type-2 Primary Healthcare Centres in all 260 political wards, describing them as “enviable investments” in human capital development.

He also commended the ongoing road construction and rehabilitation projects across the state, saying they have improved connectivity and enhanced productivity.

On workers’ welfare, Nwigbo listed several landmark policies, including the implementation of an ₦80,000 minimum wage, above the national benchmark, payment of wage awards for 12 months, and the approval of a ₦32,000 minimum pension, stressing the settlement of pension arrears, regular promotions, and improved allowances for health workers as evidence of the administration’s labour-friendly posture.

Similarly, the TUC Chairman, Comrade Simeon Akaeme, applauded Mbah for what he described as “bold and pragmatic leadership” that has delivered tangible results across multiple sectors.

He stressed that the administration’s projects were not abstract but have directly impacted the lives of workers and residents.

Akaeme highlighted major infrastructure milestones, including the construction of a 40-kilometre dual carriageway linking Nkanu East, Isi-Uzo, and Udenu local government areas; the development of the 300-bed Enugu International Hospital for advanced medical care; and the completion of a 5,000-capacity International Conference Centre.

The labour leader also stated that the modernisation of public transportation through the rollout of CNG buses, the construction of state-of-the-art bus terminals, and the soon-to-be-rolled-out taxis have eased movement and reduced travel costs.

In the area of economic transformation, the TUC chairman commended the launch of Enugu Air, the revitalisation of key state assets such as Hotel Presidential and Niger Gas, and ongoing investments in tourism and agro-industrial development, including a 300,000-hectare land bank for smart farm estates across the 17 local government areas.

He further praised the government’s commitment to transparency and digitalisation, noting that reforms in revenue collection have boosted internally generated revenue without increasing the burden on citizens.

According to him, the deployment of a tech-driven security architecture has led to a significant reduction in violent crime and safe living.

Speaking earlier, the Commissioner for Labour, Employment and Productivity, Dr. Felix Nnamani, praised the governor for transforming the state’s civil service through digitisation and e-governance, noting that the reforms have improved efficiency, transparency, and service delivery.

He also commended the administration’s strong commitment to workers’ welfare, including prompt salary payments, regular promotions, and an enhanced minimum wage.

While urging workers to remain dedicated and expressing confidence that the administration’s policies would sustain growth and deliver long-term benefits for the people, Nnamani lauded Mbah’s strides in strengthening security and fostering accountability, insisting that the safer environment has boosted productivity and economic activities across the state.

Responding, Governor Mbah thanked workers for their support and reiterated his administration’s commitment to prioritising their welfare.

Mbah, who was represented by the Deputy Governor, Barr. Ifeanyi Ossai, described workers as the “engine room of government” and assured that all entitlements would continue to be treated as a first-line charge.

The governor emphasised that his administration’s reforms are driven by a people-first philosophy and pledged to sustain efforts to build a secure, prosperous, and inclusive economy.

He also called for greater collaboration, urging workers to provide data and feedback that would enable the government to address workplace challenges more effectively.

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May Day: Labour rejects FG’s growth claims, says economy favors 1% as millions suffer

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NLC President Joe Ajaero
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…says Nigeria is at ‘war’

*Declares Nigeria one of world’s most dangerous places to live

*Threatens to direct workers to stay at home over killings, kidnappings nationwide

In a sweeping, fiery, and deeply critical address that touched virtually every sector of national life, Nigeria’s organised labour on Thursday declared that the country is drifting toward a dangerous tipping point, warning of a collapsing social contract, a failing economy, and a worsening security crisis that could force workers off their jobs nationwide.

At the 2026 May Day celebration held at Eagle Square, Abuja, leaders of the Nigeria Labour Congress, NLC, and the Trade Union Congress of Nigeria, TUC, Joe Ajaero and Festus Osifo, delivered a joint speech that combined stark economic analysis, political warnings, and an unmistakable threat of mass action if conditions do not improve.

They described Nigeria as a nation where “poverty tightens its grip daily,” institutions are weakening, and citizens are increasingly left to fend for themselves in the face of violence and economic hardship.

Workers create wealth, live in poverty

Setting the tone early, labour leaders reminded the nation of the central role workers play in sustaining the economy, contrasting it sharply with their current condition.

They said: “Workers remain at the very heart of every industry, every economy, and every success story known to humanity. Without workers, no wheel can turn; without workers, no nation can be built.”

Yet, they lamented, those same workers “create immense wealth yet receive only a fraction of it,” enduring exploitation while “poverty tightens its grip around them.”

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They described Nigerian workers as people who “rise before dawn and return home at dusk, exhausted yet unbroken,” but increasingly unable to meet basic needs despite their efforts.

Growth without relief, reform without impact

Labour took direct aim at the government’s economic narrative, arguing that macroeconomic indicators have become disconnected from reality.

According to them; “We are told that GDP growth may reach about 3.6%… yet poverty continues to rise. We hear official inflation figures… but these numbers do not reflect the reality experienced daily by workers.”

NLC and TUC argued that Nigeria’s economic model has produced a distorted outcome, saying “Paper growth without jobs, stability without prosperity, and reform without relief.”

They insisted that the benefits of economic policies are being captured by a narrow elite, noting that “An economy that serves only the top 1% while leaving the 99% behind cannot be sustainable. Perhaps, it is working for the ultra-few 1% and not the 99% majority.”

Nation sliding deeper into poverty

Labour painted a bleak picture of living conditions across the country, citing data that shows poverty now affects about 65% of Nigerians — roughly 150 million people.

“Approximately 10,000 people are pushed into poverty every day,” they said, warning that deprivation has reached “alarming levels.”

They described overcrowded cities strained by rural displacement, rising food insecurity, and the re-emergence of diseases linked to extreme poverty in internally displaced persons camps.

“In these camps and communities, diseases such as Kwashiorkor, Craw-craw, and Marasmus are re-emerging,” they noted, calling it “a grim picture of a nation under severe strain.”

Minimum Wage: Labour draws the line

Against this backdrop, labour announced that negotiations for a new national minimum wage will begin in July 2026.
“We will commence the process early to avoid the painful delays of the past,” they said.
But beyond future negotiations, the unions demanded immediate intervention:
“We demand that from July of this year, every worker be paid 100% of his basic salary… to cushion the effects of the renewed crisis of survival. We demand a living wage, not a minimum wage.”

Nigeria is at War

On insecurity, labour delivered perhaps its most alarming assessment, declaring that Nigeria is effectively in a state of war.

“The scale of violence, the frequency of attacks, and the mounting loss of lives… place Nigeria among the most dangerous places to live on earth,” they said.

Rejecting the characterization of attacks as isolated incidents, they insisted: “It is not. It is a war against our people.”

They cited killings, bombings, and abductions across multiple states, noting that thousands have died and millions displaced.

“People are no longer safe in their homes, on the roads, or even in their workplaces. Daily life has become a gamble with fate”, they lamented.

Workers may stay at home

In a major escalation, labour warned that it may take the unprecedented step of directing workers to stay home if insecurity persists.

They said “Nigerian workers may no longer continue going to work with this level of insecurity. We may be forced to advise our members… to stay at home to avoid being kidnapped, abducted or killed.”

They stressed that such a decision would not be taken lightly but could become unavoidable if the situation does not improve.

“The safety of workers is non-negotiable,” they added.

Energy sector under fire

Labour also delivered a scathing critique of Nigeria’s power and oil sectors, describing them as symbols of policy failure and elite capture.

“Over a decade after privatisation, Nigerians have little to show but deepening darkness,” NLC and TUC said of the electricity sector.

They pointed out that despite over N10 trillion in public spending, power supply remains unreliable.

“What was promised as reform has become a burden,” they said, adding that consumers now pay more for less.

On fuel, they highlighted the paradox of an oil-rich nation unable to protect its citizens from price shocks.

“The contradiction is stark and disheartening,” they said.

Governance under scrutiny

Labour raised serious concerns about governance, accusing political leaders of being disconnected from the realities of ordinary Nigerians.

“When leaders seek better education abroad for their children while neglecting domestic schools… it raises fundamental questions about commitment,” they said.

They warned that governance risks becoming “an extractive enterprise” serving narrow interests rather than the public good.

Labour also criticized weakening democratic institutions, warning that the erosion of checks and balances threatens national stability.

A system that bleeds nation

The unions described corruption and illicit financial flows as one of the greatest threats to Nigeria’s future.

“This is not mere corruption; it is a system… one that bleeds the nation continuously,” they said.

They cited trillions lost to subsidy fraud and billions to illicit flows, arguing that such losses directly translate into poor services and low wages.

To confront this, they launched a nationwide campaign: “Stop the Bleeding. Every stolen Naira is a stolen future.”

2027 elections: Labour draws battle lines

Looking ahead, labour signaled a more assertive political role as the 2027 general elections approach.

“2027 will be different. No more will we be voting fodder”, they warned.

NLC and TUC vowed to support only candidates committed to workers’ welfare and national development.

“Those who have undermined workers’ rights cannot expect our support,” they said.

Despite the dire warnings, labour ended on a note of defiance and resolve, urging workers to recognize their collective power.

They said : “You are not victims. You are the engine of this nation. And engines do not beg; they move.”

They called for unity, organisation, and sustained action: “The change we seek will not come from elsewhere; it must come from us.”

Among others, NLC and TUC added: “Let this May Day mark the turning point; where Nigerian workers stopped asking and started demanding… Our nation can be saved! But only by us! Only together! Only now!” (Vanguard)

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Bandits kidnap Sokoto Deputy Governor’s relatives, others in fresh attack

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Over 100 peasants abducted as gunmen invade Zamfara communities
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At least eight residents, including relatives of Sokoto State Deputy Governor Idris Muhammad Gobir, have been reportedly kidnapped in Garin Idi village, Sabon Birni Local Government Area of Sokoto State.

According to eyewitness accounts, the attackers arrived around 1:00am on Thursday on about eight motorcycles, shooting sporadically as they invaded the community.

The gunfire forced residents to flee into nearby bushes and other safe areas to escape.

A local source told Daily Trust that the attackers operated freely in the village for nearly two hours without any immediate security intervention.

The resident described the incident as one of the most intense attacks the community has experienced, adding that fear has become a constant part of daily life.

Another witness said the assailants initially abducted about 30 people, mostly women and children, but later released some due to limited space on their motorcycles.

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Ultimately, they left with eight victims—three men and five women.

Those kidnapped were identified as Hassana Adare Maifata, Rabi Alhaji Ishaqa, Kwamuso Umar, Yar’aji Garba, Kabiru Alkasim, Sani Muazu, Jadi Alkasim (a patient), and a woman believed to be related to the deputy governor.

The attackers were also reported to have raided a phone charging shop in the village, stealing over 100 mobile phones, power banks, and about ₦40,000 in cash after the operator fled the scene.

Residents expressed deep concern over the worsening insecurity in the area, calling on authorities, including the deputy governor, to urgently intervene and strengthen security presence.

One resident lamented that despite their ties to the deputy governor, they feel abandoned in the face of repeated attacks, urging immediate action to prevent further incidents.

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