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Ex-SGF Boss Mustapha denies looting $6.3m from CBN vault

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Boss Mustapha, the former Secretary to the Government of the Federation (SGF), has refuted a report accusing him of participating in the unlawful withdrawal of $6.3 million from the Central Bank of Nigeria (CBN) during the tenure of ex-President Muhammadu Buhari.

The report, allegedly uncovered by a special investigator appointed by President Bola Tinubu, claimed that the purported theft occurred on February 8, 2023, just weeks before the presidential election. It suggested that Mustapha and the embattled former CBN Governor Godwin Emefiele directed the removal of the cash, ostensibly to fund foreign election observer missions, with CCTV footage purportedly capturing the money’s movement out of the CBN.

However, Mustapha, in a statement he personally issued on Saturday, vehemently denied the accusations, dismissing them as “outrageous and unsubstantiated.” He characterized the allegation as a “malicious fabrication” and an orchestrated effort to tarnish his character and reputation.

The former SGF asserted his lack of awareness regarding the reported “Presidential Directive” cited as justification for the withdrawal. He clarified that he was never involved in discussions or transactions related to payments for foreign election observers.

Questioning the timing of the allegation’s release during the “sensitive pre-Christmas period,” Mustapha suggested that it was a deliberate attempt to exploit public sentiment and sow doubt. He called for a thorough and transparent investigation into the matter, urging authorities to scrutinize the source of the alleged fabricated documents and expose those orchestrating the “smear” campaign.

Mustapha appealed to the public and the media to exercise critical thinking and resist succumbing to misinformation.

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BREAKING: Oronsaye Report: Tinubu to scrap many agencies, merge others

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President Bola Tinubu will implement some of the recommendations contained in the Oronsaye Report.

This is majorly, in order to cut the cost of governance.

This is coming 12 years after the Steve Oronsaye Panel submitted its report on restructuring and rationalising Federal government parastatals and agencies and a white paper issued two years after.

According to Bayo Onanuga, the President and the Federal Executive Council on Monday reached a decision to implement the report.

He said: “Many agencies will be scrapped and many others will be merged, to pave the way to a leaner government.”

CREDIT: DAILY POST

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‘You’re responsible for Nigeria’s economic woes’— Atiku tackles Tinubu

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Atiku Abubakar, the Peoples Democratic Party (PDP) candidate in the 2023 general election, attributed Nigeria’s economic challenges to President Bola Ahmed Tinubu.

In a statement shared on his official social media account on Sunday, the former Vice President of Nigeria urged Tinubu to take cues from Argentina’s President Javier Milei on swiftly restoring investor confidence despite inheriting a troubled economy.

Atiku criticized Tinubu for deflecting blame onto the opposition and his predecessors, calling such actions unnecessary and shortsighted. He emphasized that market dynamics respond to concrete actions, not political rhetoric.

Drawing parallels with President Milei’s leadership in Argentina, Atiku highlighted the need for well-sequenced economic reforms. He commended Milei’s proactive approach in preparing for the post-reform challenges and ensuring the availability of mitigating measures.

Atiku contrasted Tinubu’s administration’s ad hoc and hurried reforms with Milei’s strategic sequencing. He pointed out Argentina’s lean government structure achieved through reducing ministries and privatizing state-owned enterprises, contrasting it with Nigeria’s expanding bureaucracy and excessive spending on official residences.

Atiku likened Tinubu’s administration’s approach to Nero fiddling while Rome burns, accusing him of evading substantive action and blaming the opposition for policy failures, reminiscent of characters in George Orwell’s Animal Farm.

Expressing admiration for Argentina’s reforms, Atiku suggested aligning his “Recover Nigeria Plan” with Milei’s stabilization strategy to alleviate Nigeria’s economic distress. He emphasized the need for transparent policies focused on economic revival and warned against dismissing discontent, particularly among the youth, which could manifest in protests.

The statement referred to the worsening economic conditions in Nigeria, highlighted by soaring inflation rates and high living costs, as reported by the National Bureau of Statistics, with headline inflation reaching 29.90% and food inflation at 35.42% in January 2024.

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BREAKING: Fire guts FCT Minister’s residence

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A fire broke out at the private residence of Dr. Mariya Mahmoud, the Minister of State in the Federal Capital Territory Administration (FCTA), on Sunday afternoon.

Situated at No. 9, Justice Roseline Ukeji Close in the affluent Asokoro district of Abuja, the property was reportedly completely destroyed by the blaze.

Despite prompt emergency response efforts, including the arrival of fire service personnel, nothing could be salvaged from the premises.

Mr. Austin Elemue, the Minister’s Special Adviser on Media, confirmed the incident, indicating that the cause of the fire remained unknown at the time.

Authorities have initiated an investigation to ascertain the cause of the fire.

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