The Economic and Financial Crimes Commission (EFCC), has closed its case against a former Minister of Power, Mohammed Wakil and four others. In the matter which was ongoing before Justice
Read MorePresident Bola Tinubu has appointed Dele Alake, Wale Edun, Nuhu Ribadu, among others, as special advisers. While Mr. Alake was appointed as Special Adviser, Special Duties, Communications and Strategy, Mr.
Read MoreThe arrest of Godwin Emefiele, the governor of Central Bank of Nigeria (CBN), came as a surprise to many. After all, it was only a few moments after President Bola Tinubu had suspended him that the Department of State Services (DSS) arrested him. It was Tinubu’s striking strike against the CBN governor, leaving many wondering what the reasons for such a drastic move were.
The immediate suspension of the CBN Governor followed weeks of upheaval in the country’s banking and financial sector. The ongoing economic crisis, coupled with a surge of inflation, had put tremendous pressure on the Nigerian economy. It was in this backdrop that Tinubu, in an effort to take decisive action, took the unprecedented step of suspending Godwin Emefiele. But why would Tinubu take such a drastic step? What was the intent behind this action?
These are some of the questions that have been asked by many since the arrest of Godwin Emefiele. In this blog post, we will take a look at the events that preceded, as well as the aftermath of his arrest and try to understand what led to Tinubu taking such a drastic action against the CBN Governor. We will also discuss the potential implications of this move for the country’s banking and financial sector overall.
Read MoreThe percentage of diasporan Nigerians with National Identification Numbers rose to 25.17 per cent in May 2023. The National Identity Management Commission has registered 427,962 diasporan Nigerians since it launched
Read MoreJustices Efe Ikponmwonba and M. Itsueli of Edo State High Court sitting in Benin City on Tuesday, convicted and sentenced 19 Internet fraudsters to prison for fraud. The convicts are
Read MoreTingo Group, a fast-rising conglomerate of businesses owned by Nigerian businessman, Dozy Mmobuosi, that cut across tech, agriculture, e-commerce and aviation has been accused of “exceptionally obvious scams with completely
Read MoreSamuel Kwamkur, a chieftain of the All Progressives Congress (APC) in Plateau State has cautioned Nasir El-Rufai, former governor of Kaduna State against setting Nigeria on fire with his utterances
Read MorePresident Bola Tinubu has appointed the incumbent speaker of the House of Representatives, Femi Gbajabiamila as his Chief of Staff. This was confirmed by Olanrenwaju Smart Wasiu, the chief of
Read MoreNigerians on social media have berated President Muhammadu Buhari for including Godwin Emefiele, the Central Bank Governor, in the list of recipients of national honours. A total of 339 persons
Read MoreWilliam Ruto, Kenyan President, has congratulated Bola Tinubu, president-elect, on his electoral victory. Ruto congratulatory message was contained in a letter brought to Nigeria by Felix Koskei, head of Kenyan
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