News
Protest Rocks Abuja Over Alleged Plot By DSS To Remove Emefiele
Human rights lawyers, civil society groups, including the Arewa Youth Consultative Movement, have moved in defense of governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over alleged plot kick him out of office.
Specifically, they raised the alarm over alleged plot by the Department of State Service (DSS) to frame up Emefiele with terrorism sponsorship against Nigeria.
The group operating under the auspices of Coalition of National Interest Defenders alleged that to achieve the aim of getting Emefiele arrested, the DSS has secretly instituted a court action against him at the Federal High Court in Abuja.
Describing the alleged action of the DSS as a strange development in the history of the country, the group demanded immediate sack of director general of the DSS to prevent him from setting the country ablaze.
Addressing a joint world press conference on Monday in Abuja, convener of the Coalition, Tochukwu Ohazuruike, said the security agency filed a motion in court accusing the CBN governor of terrorism financing and other crimes it described as economic crimes of national security dimension.
The group also accused the DSS of not informing President Muhammadu Buhari of the investigative report which showed them that Emefiele was a terrorist.
It faulted the agency for allowing Emefiele to travel out of the country with the President and have unrestricted access to the President.
Challenging the veracity of the claims by the DSS, the coalition said if truly the DG DSS believed his claims, he would not have allowed Emefiele anywhere near the president.
He added that by allowing Emefiele travel with the president, it showed the DG DSS did not believe Emefiele was a terrorist, meaning that the claims of the DSS in Suit No FHC/ABJ/CS/2255/2022 between State Security Service and Godwin Emefiele was made with the sole purpose of forcefully and wrongfully removing the CBN governor from office.
The coalition called on President Buhari and the Attorney General of the Federation (AGF) to immediately suspend, arrest, investigate and prosecute the DG DSS, Bichi.
We Won’t Be Intimidated By Any Protest – DSS
But the DSS however said it remains focused on its mandate and no amount of protest and intimidation can stop it from carrying out their duties.
The secret police was reacting to the protest by the human rights lawyers and civil groups over alleged plot by the DSS to frame up Emefiele with terrorism sponsorship against Nigeria.
Spokesperson of the DSS, Dr Peter Afunanya, who did not state clearly if there were suits filed against the CBN governor, said, “The Department of State Services wishes to clarify that one of its roles is the investigation of matters of national security dimension. It has always discharged this responsibility in the overall interest of Nigerian citizens. As such, the Service will continue to disseminate actionable intelligence to the relevant authorities devoid of any sentiment.
“While professionally discharging its mandate, the DSS pledges to remain focused and unbiased. It will not, by any means, succumb to propaganda, intimidation and the desperation of hirelings to undermine it. It will also not give room to the use of falsehood and deceit to misdirect public understanding and perceptions of issues of national importance.
“Given not to join issues, the Service warns those on a wild goose chase to be mindful of their actions. Similarly, it urges members of the public to disregard the vituperations and rantings of misguided elements and not allow themselves to be used as instruments of destabilisation.
“Notably, these elements should remember the famous axiom that “you will only deceive some people, some of the time, but not all people, all the time”. To put it succinctly, the Service will not be distracted by persons and/or groups from carrying out its duties to the Nation, citizens, President and Commander-in-Chief. Citizens are, therefore, urged to avoid being used to thwart or undermine the Service and its lawful investigations as those who wish to act in the breach will be dealt with in accordance with the law.”
Terrorism Financing: DSS Loses Bid To Obtain Remand Order Against CBN Governor
Justice John Tsoho of the Federal High Court sitting in Abuja has refused to grant an expert application filed by the Department of State Services seeking a court’s backing to detain the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over allegations of terrorism financing.
Justice Tsoho, in a ruling delivered on December 13 and obtained by our correspondent on Monday, held that the DSS failed to put before him enough evidence to support its claim against Emefiele.
The judge also lambasted the secret service for trying to obtain the order through the Backdoor by trying to conceal the true identity of the apex bank boss.
The court held, “the entire affidavit depositions purport that preliminary investigation has revealed various acts of terrorism financing, fraudulent activities perpetrated by the Respondent and his involvement in economic crimes of national security dimension, these are no doubt, grave allegations, but which the Applicant has not presented any concrete evidence to support.
“The Applicant should have taken the Court into confidence while seeking the exercise of its discretion in favour of granting its application. It is my respectful opinion that the Ipse Dixit of the Applicant standing on its own is not sufficient evidence upon which to deprive a person of his liberty.
“The Respondent in this application is named “Godwin Emefiele” without disclosure of his status or position anywhere; not even in the affidavit.
“It Is left to speculate if “Godwin Emefiele” is the same person as the serving Governor of the Central Bank of Nigeria. If it Is, then he is unarguably a high-ranking Public Official in Nigeria and Indeed occupies a sensitive position as one of the key drivers of the Nation’s Economy.
“Therefore, an application of this kind should have evidence of the approval of the Respondent’s boss, that such measures are authorised to be taken.
“I, however, do not find such evidence of this instant application, whereas it is a necessary procedure In the observance of the Rule of Law.
“It is noted that It has been the practice of the Applicant to seek detention of a Respondent or further detention, for a definite period, when such Respondent is already arrested and Is in their custody and that fact Is disclosed In the supporting affidavit.
“This is not the situation here, Godwin Emefiele, the CBN Governor was shown on Television, even last night, having an audience with the President of Nigeria. It, therefore seems that the Applicant Intends to use the Court, as a cover for an irregular procedure, which is unacceptable.
“In the fight of the foregoing reasons, I decline to grant this application Ex parte. If the Applicant believes that the evidence available to it so far is sufficient, then it can as well arrest and detain the Applicant, even without the Order of this Court.
“If however, the Applicant desires to still pursue this application, then It should place the Respondent on notice, considering the sensitive Public Office that he occupies. This application as presently constituted is refused,” the judge ruled.
News
I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court
A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.
The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.
Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.
According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.
He said he subsequently took the money to the office of the then Director-General.
“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.
The witness explained that he collected the bag from his aide before entering the office.
“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”
The witness was initially a defendant in the case but later opted to testify for the prosecution.
While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.
According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.
He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.
“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.
During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.
When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”
After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.
The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.
Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.
They pleaded not guilty to the offences.
The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.
According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.
Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.
The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.
One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.
News
CBN Bars Chronic Loan Defaulters from Accessing New Banking Services
The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).
This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.
This order is specifically targeted at large-ticket obligors.
The CBN issued the directive in a circular to banks on Monday.
The latest instruction comes almost a week after the CBN asked financial institutions to stress test.
It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.
“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.
“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.
“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”
News
Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.
Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.
He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.
“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.
“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?
“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.
“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.
-
News1 day agoWorld War III Fears: Zelensky Reveals Warning To Trump
-
News1 day ago2027 Shakeup: 12 Lawmakers Defect To APC, ADC
-
News2 days agoTensions Rise As Makoko Communities Vow To Resist Relocation Order
-
News24 hours agoTerror Surge: Tinubu Demands Results from Security Chiefs
-
News12 hours agoCorruption Probe: Court Grants ICPC Access To Data On El-Rufai’s Seized Gadgets
-
News8 hours agoCBN Bars Chronic Loan Defaulters from Accessing New Banking Services
-
News16 hours agoBeyond My Wildest Dreams: Disu Opens Up During Handover From Egbetokun
-
News9 hours agoMakinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
