Breaking News
Just In: FG Disowns Emefiele Over Plan To Redesign Naira
Barely Forty Eight hours after the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele announced that the apex bank would redesign the country’s currency December 15, 2022, the Federal Government Friday disagreed with him.
Minister of Finance, Budget and National Planning , Zainab Ahmad who disowned the policy, said if implemented, the redesigning would portend great consequences for the nation and its economy.
Zainab who commented on the policy in response to question raised by Senator Opeyemi Bamidele, during the 2023 budget defence session, warned CBN of consequences that may arise from it .
Senator Bamidele who had in his question told the Finance Minister that barely two days after announcement of the policy by CBN , repercussion of it on the value of Naira to US dollar was being felt, said, ” Just two days after announcement of the policy , value of Naira to a US dollar has risen from N740 to N788 to a US dollar due to rush in exchange of starched Naira Notes for foreign currencies , particularly dollar.
“To me , the policy may be a well conceived one , but the timing going by realities on ground , is very wrong as the Naira may fall to as low as N1,000 to a US dollar before January 31, 2023 fixed for full implementation of the policy.”
While answering the question, the Minister said she is not aware of the policy but only heard of it from the media .
She said, ” Distinguished senators , we were not consulted at the Ministry of Finance by CBN on the planned Naira redesigning and cannot comment on it as regards merits or otherwise .
“However as a Nigerian privileged to be at the top of Nigeria’s fiscal management , the policy as rolled out at this time , portends serious consequences on value of Naira to other foreign currencies.
“I will however appeal to this committee to invite the CBN governor for required explanations as regards merits of the planned policy and rightness or otherwise of its implementation now.”
Recall that CBN Governor Emefiele had on Wednesday said that the apex bank would redesign the country’s currency from 200 Naira denomination to N1,000 notes .
Emefiele said the action was taken in order to take control of the currency in circulation just as he posited that the bulk of the nation’s currency notes were outside bank vaults and that the CBN would not allow the situation to continue.
According to him, the planned policy he added , was in line with Sections 19, Subsections a and b of the CBN Act 2007, upon which the Management of the CBN sought and obtained the approval of President Muhammadu Buhari to redesign, produce, and circulate new series of banknotes at N200, N500, and N1,000 notes.
Breaking News
Reps Plenary Turns Chaotic As Motion To Rescind Electoral Act Amendment Sparks Row
The House of Representatives descended into a rowdy session on Tuesday during an emergency plenary called to reconsider the Electoral Act (Amendment) Bill, 2025.
The chaos was triggered by a motion to rescind the bill’s earlier passage from December 23, 2025, which had mandated the real-time electronic transmission of election results to the IReV portal.
During plenary, Francis Waive, chairman of the house of representatives committee on rules and business, moved a motion for the house to reverse its decision on the bill which was passed on December 23, 2025.
When Tajudeen Abbas, speaker of the house, put the motion to a voice vote, the “nays” were louder than the “ayes”, but he ruled that the ayes had it.
The ruling triggered protests from lawmakers, who began hollering in objection. Abbas subsequently called for an executive session, but the proposal was also rejected.
Despite the resistance, the speaker moved the house into an executive session.
When the green chamber passed the electoral act in December, it adopted a proposal mandating the real-time transmission of election results to the Independent National Electoral Commission’s result viewing portal (IReV).
Breaking News
El-Rufai Alleges Ribadu Behind Airport Arrest Attempt, Reveals Next Move
Former Kaduna State Governor, Nasir El-Rufai, has accused National Security Adviser, NSA, Nuhu Ribadu of being behind the attempt to arrest him at the Nnamdi Azikiwe International Airport in Abuja on Thursday, shortly after he returned from a trip to Cairo, Egypt.
El-Rufai made the allegation while speaking with former Vice President Atiku Abubakar, who paid him a solidarity visit at his residence on Thursday night.
According to him, operatives of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, working with the Department of State Services, DSS, and not the Economic and Financial Crimes Commission, EFCC, confronted him at the airport and attempted to take him into custody.
“It turned out that it’s the ICPC that procured DSS to abduct me and hands me over to them. The ICPC has never invited me.
“We just understand that it’s the ICPC not EFCC that’s responsible for what happened today and the ICPC chairman is acting of the direct order of Nuhu Ribadu,” El-Rufai said.
Responding, Atiku expressed sympathy with the former governor and stressed the need for political unity ahead of the next general election.
The ex-Vice President noted that opposition forces must organize themselves to challenge President Bola Tinubu in 2027.
“We must come together and form very viable opposition because Tinubu is determined to turn Nigeria into a one party state,” Atiku said.
Breaking News
Nnamdi Kanu Challenges Life Sentence, Files Appeal Against Terrorism Conviction
Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), has officially filed a notice of appeal challenging his conviction and multiple sentences.
Kanu insisted that the trial was riddled with fundamental legal errors and amounted to a miscarriage of justice.
In the notice of appeal dated February 4, 2026, Kanu said he was appealing against his conviction and sentences on seven counts, including terrorism-related offences, for which he received five life sentences and additional prison terms after being found guilty on November 20, 2025.
“I, Nnamdi Kanu, the Appellant, having been convicted and sentenced… do hereby give notice of appeal against my conviction,” the document stated.
Kanu was convicted for offences including “committing an act preparatory to or in furtherance of an act of terrorism,” “making a broadcast… with intent to intimidate the population,” and “being the leader and member of the Indigenous People of Biafra (IPOB), a proscribed organisation in Nigeria,” among others.
Justice James Omotosho of the Federal High Court, Abuja, delivered the judgment on November 20, 2025, sentencing Kanu to five life terms for terrorism-related offences, 20 years’ imprisonment for being the leader of the proscribed IPOB, and five years’ imprisonment with no option of fine for importing a radio transmitter without a licence.
In his grounds of appeal, the IPOB leader accused the trial court of failing to resolve what he described as a “foundational disruption of the original trial process” following the 2017 military operation at his Afara-Ukwu residence.
“The learned trial judge erred in law by failing to resolve the procedural and competence consequences of the foundational disruption of the original trial process in September 2017,” Kanu argued.
He also contended that the court proceeded to trial and judgment while his preliminary objection challenging the competence of the proceedings remained unresolved.
“The learned trial judge did not hear or determine the objection,” the appeal document stated, adding that judgment was delivered “while the objection remained pending and undetermined.”
Kanu further faulted the court for delivering judgment while his bail application was still pending, arguing that this affected the fairness of the trial process.
He also claimed that the trial court convicted him under a law that had already been repealed, stating that “the learned trial judge erred in law by convicting and sentencing the Appellant under the Terrorism Prevention (Amendment) Act, 2013, notwithstanding its repeal by the Terrorism (Prevention and Prohibition) Act, 2022, prior to judgment.”
Kanu further argued that he was subjected to double jeopardy, contrary to Section 36(9) of the 1999 Constitution, after being retried on facts he said had earlier been nullified by the Court of Appeal.
He also complained that he was denied fair hearing, claiming that he was not allowed to file or present a final written address before judgment was delivered.
Among the reliefs sought, Kanu asked the Court of Appeal to allow the appeal, quash his conviction and sentences, and “discharge and acquit the Appellant in respect of all the counts.”
He also informed the appellate court of his desire to be present at the hearing of the appeal, stating, “I want to be present at the hearing of the appeal because I may be conducting the appeal in person.”
Kanu is currently being held at a correctional facility in Sokoto State, after his application to be transferred to a different facility in either Niger or Nasarawa State was denied.


-
News1 day agoPresident Tinubu Names Tunji Disu Acting IGP Following Egbetokun’s Exit
-
News2 days agoAnambra Govt Seals 200 Shops For Obeying Sit-at-Home Order
-
News2 days agoPolice Silent Amid Reports Of IGP Egbetokun’s Alledged Removal
-
News2 days agoPolice Drag 83-Year-Old To Court for Alleged Land Grabbing, Death Threats
-
News1 day agoWAYPAN Applauds Sowore Legal Win, Demands Bold Police Overhaul
-
News14 hours agoOgun 2027: Iyabo Obasanjo Slams Senator Yayi Over ‘Opportunistic’ Governorship Ambition
-
News13 hours agoIGP’s Son Returns ₦100m “Erroneous” Payment, Closes Account — FPRO
-
News9 hours agoTinubu Decorates Disu As 23rd Indigenous IGP At The Presidential Villa
