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Emefiele drags Tinubu’s special investigator to court over alleged 593 foreign bank accounts

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Shocked by a report that he opened 593 illegal foreign accounts in the name of Nigeria when he was in office without approval, Godwin Emefiele, has dragged President Bola Tinubu’s special investigator, Jim Obazee to court.

The former governor of the Central Bank of Nigeria also described the report as satanic, baseless, defamatory and false.

Emefiele, in a statement on Sunday, said he had instructed his lawyers to immediately commence legal process to clear his name from the defamatory statements contained in the report.

One of his lawyers, Maxwell Okpara, who released the statement confirmed that it was issued by the former CBN boss.

The Special Investigator, Jim Obazee, in the documents obtained by journalists, had, among other allegations, accused Emefiele, of opening 593 foreign bank accounts without approval of either President Muhammadu Buhari or CBN’s board of directors.

The investigator, in the report which was said to have been submitted to Tinubu last Wednesday, had said the accounts were in different banks in the United Kingdom, the United States and China, especially £543, 482,213 in fixed deposits in UK banks alone.

The investigator, according to the documents, had also claimed that the recent naira redesign was not expressly approved by former President Muhammadu Buhari.

The report had alleged that Buhari’s aide, Sabiu Tunde Yusuf, came up with the idea.

“Emefiele took the redesign, a mere change of colour to De La Rue in UK for a fee of £205,000; and only N1,000, N500, and N200 were ‘redesigned,” the document said.

It added that, “As of August 2023, N769 billion of the new notes were in circulation. The printing cost was N61.5 billion, out of which N31.79 billion has been paid,” the investigator had reportedly claimed.

But reacting yesterday, Emefiele stated that his attention was drawn to the publications after he was released on Friday from the Kuje Correctional Centre where he had been detained for 34 days over alleged N1.5bn procurement fraud.

According to him, he handed over Buhari’s approval to Obazee during the process of his investigation in the presence of senior CBN officials and his (investigator’s) team.

Emefiele, who stated that he had gone through the publications, said the contents therein were false, misleading and calculated to disparage his person, injure his character and to serve the “selfish” interest of the private investigator.

“Because of my present situation, I have been advised by my lawyers not to say anything in respect of the matters which have been submitted to the court for adjudication.

“However, I need to address some of the issues raised in the publication which are barefaced lies told by the investigator in order to achieve his satanic agenda,” Emefiele said.

“First, it was reported that contrary to the provision of the CBN Act 2007, there was no presidential approval for the naira redesign.

“I wish to state unequivocally that there was indeed a presidential approval, and the said approval was handed over to the same Jim Obazee during the process of his investigation in the presence of senior CBN officials and his own investigative team.

“Moreover, the former President Muhammadu Buhari GCFR has stated on a number of occasions that he authorized and approved the naira redesign. I am therefore at a loss as to why Mr. Jim Obazee will mislead Nigerians that there was no presidential approval.

“The report also claimed that the sum of 6.23 million dollars was withdrawn from the CBN vault based on a false presidential directive bearing the signature of the former president Muhammadu Buhari GCFR, and that of the former Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha.

“About two weeks ago, Jim Obazee, in company of a certain Deputy Commissioner of Police from Force CID, came to Kuje to ask me questions in respect of the said document in the presence of my lawyers.

“I stated verbally and in writing that I have no knowledge of such directive from the former president and the former SGF. In fact, I told them that that was the first time I would be seeing the documents. On this, I challenge Jim Obazee to publish the said documents and also the statements that I made to them.

“The final issue that I will 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 have knowledge of their openings. The fixed deposits in those foreign accounts are definitely outside my knowledge.

“However, let me state clearly that the relevant departments of the CBN have the authority to carry out such activities in line with their lawful mandate within the CBN. I, therefore, join well-meaning Nigerians who have spoken on this matter and have demanded a thorough and transparent investigation of all these alleged frauds.

“Meanwhile, I have instructed my lawyers to immediately commence legal process to clear my name from the defamatory statements contained in the report and by extension the publications,” stated Emefiele.

 

 

 

 

 

 

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Ex-Ajaokuta Steel MD, Engr. Phillip Atanmo is dead

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By Bonaventure Phillips Melah

High Chief Engr. Phillip Nwabueze Chinedu Atanmo, s former Managing Director/Chief Executive Officer (CEO), of the Ajaokuta Steel Company, Ajaokuta, Kogi State, has passed on, at the age of 86 years.

Prof. Atanmo was appointed in 1993 by then Head of State, Gen. Ibrahim Badamasi Babangida. He also served as the General-Manager (Technical Services) at the Delta Steel Company, Aladja, and was appointed as Pro-Chancellor, Federal University of Agriculture, Makurdi, Benue State, adjunct professor at the Anambra State University, where he served as the Dean Faculty of Engineering, and subsequently, a lecturer, Faculty of Engineering, Chukwuemeka Odumegwu Ojukwu University, in Anambra State.

According to his son, Engr. Chinedu Atanmo (jnr), the late sage, attended St. Philip Primary School, Akpogwe, Ogidi, Anambra State and Denis Memorial Grammar School, Onitsha, before proceeding to the University of Connecticut, United States of America, where he obtained a Bachelor and Masters Degrees in Electrical and Metallurgical Engineering with Distinction, before obtaining a Doctor of Philosophy (PhD) in Metallurgical Engineering from Case Western University, Cleveland, Ohio, USA.

A prolific engineer and scholar, Prof. Atanmo held three (3) US patents and authored over 100 technical publications in his lifetime.

After his retirement from the Ajaokuta Steel Company, he was elected a member of the Constitutional Conference in 1997, during the late General Sani Abacha’s administration.

He later became the Vie-President of Ohanaeze Ndigbo, Anambra State Chapter, before he passed on.

Stanmo reportedly died 21st March, 2026 of Cardio-Plumunary Arrest, according to a death certificate issued by Dame Irene Memorial Hospital, Irefi Oraifite, Anambra State.

He will be buried on Saturday, 6th June, 2026 at his country home, opposite St. Philip’s Anglican Church, Akpakogwe, Ogidi, Idemili-North Local Government Area, Anambra State.

 

 

 

 

 

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Nigeria’s opposition reject one-party state, to field joint presidential candidate, want INEC chairman removed

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Major opposition political parties in Nigeria and their leaders, have vowed to resist attempt by President Bola Tinubu and the ruling All Progressives Congress, APC, to impose a one-party state on the country.  They also demanded the removal of the chairman of the Independent National Electoral Commission, INEC and pledged to work together towards fielding one candidate to challenge the president in the 2027 general election.

The opposition leaders took the stands Saturday during a national summit that had in attendance several presidential aspirants from the different political parties as well as national leaders of the parties.

Among those that attended the summit are former Vice President Atiku Abubakar, former Rivers State governor, Rotimi Amaechi, former Anambra State governor Peter Obi, national chairman of the Peoples Democratic Party, PDP Kabiru Tanimu Turaki, SAN, national chairman of African Democratic Congress, ADC, senator David Mark, former governor of Osun state, Rauf Aregbesola and former governor of Kano State, Rabiu Kwankwaso, among many others.

They were hosted by the Oyo State Governor, Seyi Makinde, a chieftain of the Peoples Democratic Party, PDP.

In a communiqué they jointly signed at the end of the summit which took place in Ibadan, the Oyo state capital, the opposition leaders noted what they described as the “collective threats that we face and the existential challenges facing our country under the stranglehold of the oppressive and anti-democratic All Progressives Congress (APC),” adding that, given the need for urgent, collective action to rescue the nation and the destiny of over 200 million compatriots,” hereby resolve as follows:

1. That we shall resist all machinations by the APC to foist a one-party State on Nigeria and fight for the survival of multi-party democracy in our country.

2. That despite the onslaughts and manoeuvrings of the ruling party, the APC to impose President Bola Tinubu as the sole Presidential candidate in 2027; we shall field candidates and contest the 2027 Presidential and other elections.

3. That we shall work towards fielding one Presidential Candidate for the 2027 elections, which shall be agreed and supported by all participating opposition parties to rescue our nation and her long suffering masses.

4. That the INEC Chairman, Prof. Joash Ojo Amupitan, having shown bias and partisanship in favour of the ruling APC, should not conduct the 2027 general elections as Nigerians across board have lost confidence in him and his capacity to guarantee the required neutrality to deliver free, fair, transparent and credible elections. His continuous stay in office is vexatious and capable of triggering wide spread crisis in our nation.

5. That the National Assembly should immediately review the Electoral Act, 2026 to remove all sections that threaten the sanctity and integrity of the elections and run counter to constitutional provisions.

6. That all leading politicians that are being detained or harassed on bailable offencbe released with immediate effect and allowed to exercise their fundamental rights of participation and inclusivity as Nigerians.

7. That we consider the recent guidelines released by the INEC as obstacles, deliberately engineered to impose conditions and deadlines on the opposition parties. We therefore demand that INEC extends the deadline for primaries till the end of July, 2026.

8. The Summit commends Nigerians for their resilience and readiness to work with Opposition Parties to free our nation from State capture.

9. The National summit of Opposition Political Parties thank the Oyo State Governor Engr. Seyi Makinde and the people of Oyo State for hosting the epochal event.

SIGNED:

Chairmen of Participating Opposition Parties.

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Kenyan President hails Dangote for ending fuel scarcity in Nigeria

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Kenya’s President William Ruto has credited Aliko Dangote with solving a fuel scarcity crisis that Nigeria’s oil wealth failed to prevent for decades.

Ruto also rallied support for a planned East African refinery modelled on Dangote’s Lagos facility.

He made the remarks at an infrastructure summit in Nairobi while making the case for African-led solutions to the continent’s energy challenges.

“Nigeria has been a producer of oil for all the years that we know. Yet, when you went to Nigeria, there were queues of people looking for fuel in petrol stations for a long time.

“Until one African stepped forward and built a refinery, Aliko Dangote,” he said.

The Kenyan president used the example to argue that Africa possessed the human and financial capital to solve its own problems, without looking to Europe or Asia.

Ruto urged regional leaders, industrialists and financiers present at the summit to act without delay.

“The solution wasn’t in Europe or Asia. The solution was in Nigeria for a problem that disturbed Nigeria for years.

“I dare say, ladies and gentlemen, we have in this room the political leadership, we have the industrialists, we have the financials to transform our continent and we must waste no time looking any further,” he said.

Dangote, who was present at the summit, pledged support for the proposed East African refinery if regional governments committed their backing.

 

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