Buhari - NewsNow Nigeria

Economic and Financial Crimes Commission claims Emefiele authorized N684.5m Printing with N18.9bn

23Apr

By Adebayo SheriffNo Comments

Press

Economic and Financial Crimes Commission claims Emefiele authorized N684.5m Printing with N18.9bn

Accusations have been made by the Economic and Financial Crimes Commission (EFCC) against the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, stating that he approved the printing of N684,590,000 at a value of N18.96 billion. These claims were brought forth in a new charge filed at the High Court of the Federal Capital Territory. In the charge presented on Tuesday, EFCC alleged that Emefiele violated the law with the intention to harm the public while executing the naira swap policy of the former President Muhammadu Buhari's administration. The anti-corruption agency also accused Emefiele of unlawfully endorsing the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation. As per the document dated April 2, 2024, and labeled as Suit No: CR/...

Bello is appointed by Tinubu as new CCB Chairman

28Mar

By Adebayo SheriffNo Comments

Press

Bello is appointed by Tinubu as new CCB Chairman

Dr. Abdullahi Bello has been appointed as the Chairman of the Code of Conduct Bureau by President Bola Tinubu. Senate confirmation is required for his appointment. Bello takes over from Prof Isah Mohammed, who was appointed in November 2018 by former President Muhammadu Buhari. The announcement of his appointment was made by the Presidency on Thursday in a statement signed by Ajuri Ngelale, Tinubu’s Special Adviser on Media and Publicity. The statement was titled ‘President Tinubu appoints new Chairman of Code of Conduct Bureau.’ Bello is described by Ngelale as having "over 25 years of professional experience in consulting, banking, law enforcement, financial services, and academia." The establishment of the CCB dates back to 1979 when the Constitution outlined Codes of Conduct for p...

Sheikh Gumi shares thoughts following release from DSS detention

26Mar

By Adebayo SheriffNo Comments

Press

Sheikh Gumi shares thoughts following release from DSS detention

After being questioned by the Department of State Services (DSS) regarding his comments on bandit activities in Nigeria, well-known Islamic cleric Sheikh Ahmad Gumi has spoken out for the first time. Gumi described his interaction with the security officials as fruitful. He had proposed to engage in discussions with the bandits responsible for the abduction at Kuriga Government Secondary and LEA Primary Schools in Kaduna State's Chikun Local Government Area. He advised President Bola Tinubu not to replicate the error made by former President Muhammadu Buhari, who he claimed refused to negotiate with bandits. The Kaduna school children who were kidnapped were released without any ransom being paid, as confirmed by the government on Sunday. In a social media post titled 'Only one person...

SSANU, NASU, NAATS to conclude warning strike this Sunday

24Mar

By Adebayo SheriffNo Comments

Press

SSANU, NASU, NAATS to conclude warning strike this Sunday

By the end of Sunday, the ongoing seven-day and three-day warning strikes led by the Senior Staff Association of Nigerian Universities (SSANU), Non-Academic Staff Union (NASU) of Educational Associated Institutions, and the National Association of Academic Technologists (NAAT) will come to a close. In a Zoom press briefing held on Sunday, Mr. Mohammed Ibrahim, the National President of JAC of SSANU and NASU, announced that all unions will resume regular duties starting Monday. Expressing disappointment, Ibrahim noted that the government had not yet addressed the unions' grievances. He mentioned that the non-teaching staff have not been paid by the FG, and a meeting with the National Executive Council will determine the next steps. According to Ibrahim's statement, “The seven-day warn...

Lai Mohammed reveals how fake news put his 40-year marriage at risk

23Mar

By Adebayo SheriffNo Comments

Press

Lai Mohammed reveals how fake news put his 40-year marriage at risk

During an event in Lagos celebrating Prof. Wole Soyinka’s 90th birthday, Lai Mohammed, the former Minister of Information and National Orientation, disclosed that fake news nearly caused irreparable harm to his four-decade-long marriage. Recalling the incident, Mohammed shared how social media turmoil affected his relationship. He recounted being awakened in the dead of night by his wife, who confronted him about a fabricated story circulating on social media. He described the surreal moment of being accused of having billions of dollars stashed in an overseas account, a claim fueled by online misinformation. Despite his earnest efforts to debunk the falsehood with financial data, Mohammed found himself in a predicament where his wife, influenced by the widespread misinformation, had do...

CBN Governor and Cardoso to be summoned by Senate over N30 trillion Ways and Means loan

19Mar

By Adebayo SheriffNo Comments

Press

CBN Governor and Cardoso to be summoned by Senate over N30 trillion Ways and Means loan

A Senate Ad-hoc Committee is planning to invite the Central Bank of Nigeria's governor, Yemi Cardoso, regarding the N30 trillion Ways and Means loans. The committee is investigating the loan extended to the Federal Government and has identified 13 violations in the loan acquisition process. During a meeting at the National Assembly on Tuesday, Senator Isah Jibrin (Kogi East), the Committee Chairman, along with other members, engaged with CBN officials where these discrepancies were unveiled. Bala Bello led the team of CBN officials present at the meeting. The ad-hoc committee is scrutinizing the allocation and utilization of the N30 trillion Ways and Means loan that was secured during the tenure of former President Muhammadu Buhari from the CBN. Jibrin alleged that the ex-governor of th...

N30tn CBN loans: Senate to probe Buhari govt, Emefiele

23Feb

By Adebayo SheriffNo Comments

Press

N30tn CBN loans: Senate to probe Buhari govt, Emefiele

The government of President Muhammadu Buhari and the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, are to be investigated by the Senate over the acquisition and utilization of the N30tn Ways and Means loans. The Senate attributes the current food and security crises in Nigeria to the spending of the overdraft received from the CBN. The Senate has accused the immediate past government of not providing details of the spending to the National Assembly and has resolved to set up an ad hoc committee to investigate the use of the N30tn overdraft. This committee will also examine the N10tn expended on the Anchor Borrowers Scheme, the $2.4bn forex transaction out of the $7bn obligation, and other intervention programs. The investigation comes at a time when Nigerians are grappling with...

Information Minister: Tinubu Not Resigning as President

18Feb

By Adebayo SheriffNo Comments

Press

Information Minister: Tinubu Not Resigning as President

President Bola Tinubu will not be resigning, regardless of Nigeria’s current economic crisis, according to the Minister of Information and National Orientation, Mohammed Idris. Idris responded to the call by the Peoples Democratic Party (PDP) governors for President Tinubu to step down if he cannot provide solutions to the country's economic hardship. He stated that the call for Tinubu to resign was simply an attempt at distraction by individuals who should instead be backing the President’s efforts to bring economic relief to the Nigerian people. “It is our viewpoint that the PDP and its governors should not resort to intimidation to achieve what they have failed to accomplish democratically since 2015. “Those who could not bring about transformational change when they had ample oppo...

Atiku Criticizes Tinubu’s Forex Policy as Rushed

18Feb

By Adebayo SheriffNo Comments

Press

Atiku Criticizes Tinubu’s Forex Policy as Rushed

Atiku Abubakar, a former vice-president of Nigeria, has expressed his concern that President Bola Tinubu's decision to unify the exchange rate was made hastily without proper planning and stakeholder consultations. In a statement on Sunday, Atiku voiced his belief that Nigeria’s economy was veering off course as the tenure of former President Muhammadu Buhari came to a close. He disapproved of Tinubu for not effectively communicating his administration’s strategies to address the ongoing economic crisis gripping the nation. Atiku disclosed, “During a meeting convened by Tinubu last Thursday to discuss the foreign exchange crisis and economic downturn, among other issues, he failed to present any tangible policy measures being enacted by his administration to tackle the challenges of cur...

9Feb

By Jide SalamiNo Comments

Fashola: Constitutional Responsibilities of the President

Former Lagos state governor, Babatunde Fashola, has expressed his views on the expectations placed on the President by Nigerians. In a recent interview, the former Minister in the Buhari administration emphasized that it is not within the constitutional responsibilities of the President to address issues such as water supply, sanitation, business permits, and rent payments. Fashola questioned the public's expectations, stating that these are not the duties defined for the Nigerian President by the constitution. His comments have sparked a mixed response from the Nigerian populace. While some agree with his perspective, others argue that the President holds ultimate responsibility for the nation's welfare. Watch a cl...