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Emefiele rejects investigator’s report, says allegations satanic

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The former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has refuted allegations of misappropriation of funds as detailed in the recent report by the Special Investigator on the CBN and Related Entities. Emefiele clarified his position in a statement released on Sunday titled, ‘Re: Emefiele, others stole billions, illegally kept Nigeria’s funds in foreign banks.’

In the preceding week, the Special Investigator, Jim Obaze, disclosed that Emefiele had placed £543,482,213 in fixed deposits in UK banks without proper authorization during his tenure as the CBN governor. Obaze’s report asserted, “The former governor of CBN, Godwin Emefiele invested Nigeria’s money without authorization in 593 foreign bank accounts in the United States, China, and the United Kingdom, while he was in charge. All the accounts where the billions were lodged have all been traced by the investigator.”

Emefiele, in response, stated in his Sunday release, “After my release on bail from the correctional centre, Kuje, my attention was drawn to publications released by some mainstream and online news platforms. The sources of the information published by both media houses were credited to a certain report prepared by Mr. Jim Obazee, who was appointed by the President as a private investigator. I have gone through the publications, and I say boldly that the contents of the said publications are false, misleading and calculated to disparage my person, injure my character and serve the selfish interest of the private investigator.”

Emefiele revealed that Obazee, along with a Deputy Commissioner of Police from Force CID, had previously questioned him at Kuje regarding the document in question, in the presence of his legal representatives. He asserted, “The final issue that I would like to respond to is the issue of the 593 accounts which were purportedly opened in different parts of the world. I state categorically that I am not involved in the opening of these accounts and I do not know about their openings.”

While emphasizing that the fixed deposits in those foreign accounts were beyond his knowledge, Emefiele affirmed that the relevant departments of the CBN had the authority to carry out such activities within the lawful mandate of the CBN. He expressed support for a thorough and transparent investigation into the alleged fraud, echoing the sentiments of other concerned Nigerians. Emefiele concluded by instructing his legal team to initiate the necessary legal proceedings to clear his name from the defamatory statements contained in the report and subsequent publications.

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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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