Sack CBN Governor Now – Reps Tell Buhari
Trouble is brewing for Central Bank Governor Godwin Emefiele as the House of Representatives has asked President Muhammadu Buhari to sack him.
The lawmakers which took the position on Wednesday said that Emefiele violated the provisions of the CBN Act 2007.
The parliament also urged Attorney General Abubakar Malami to immediately prosecute Emefiele for violating the CBN Act.
This followed the adoption of a motion by a lawmaker, Sergius Ogun, representing Esan North-East/South-East Federal Constituency, of Edo State, at plenary.
The House had during plenary noted that the Buhari-led federal government had borrowed a total of 2.4 trillion naira, from the CBN, within the first six months of 2022.
According to the lawmakers, the fund is far above five per cent of the FG’s revenue for 2021, which stood at N3.9 trillion.
They also expressed worries about the rising debt profile of the Buhari government, which stands at N33.31 trillion as of March 2021.
The House explained that the owing excluded the N15.51 trillion debt of the government to the CBN, already profiled to the Debt Management Office.
According to them, Section 38 of the CBN Act provides that loans shall be repaid by the FG the same financial year it was granted.
However, the lawmakers stressed that since the government had failed to repay the first loan as stipulated, the power of the CBN to grant such loans to the FG should not have been exercised.
READ ALSO: CBN Governor Emefiele Withdraws From Presidential Race
They also noted that the total borrowings of the FG from the CBN under Emefiele in the past six years have been a flagrant breach of section 38 of the financial institution Act 2007.
The House directed the Committee on Banking and Currency to ensure compliance and report back to the parliament within four weeks.
Emefiele has been in the news after he showed interest in politics, with the aim to contest the presidential primary of the All Progressives Congress (APC).
His involvement in politics had drawn condemnations with experts saying such brazen partisanship could jeopardise the integrity of the country’s financial system.
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BREAKING: Abacha’s Ex-chief Of Staff Oladipo Diya Dies
Retired Lt.General Donaldson Oladipo Oyeyinka Diya, the former Chief of Staff in General Sani Abacha’s military government, is dead.
His death was confirmed by Prince Oyesinmilola Diya. He said the former military administrator of Ogun State passed on to glory in the early hours of 26th March 2023.
Born on the 3rd of April, 1944, Diya was military Governor of Ogun State after the Buhari-Idiagbon coup of December 31st, 1983.
Diya joined the Nigerian Defence Academy, Kaduna and fought during the Nigerian Civil War.
He later attended the US Army School of Infantry, the Command and Staff College, Jaji (1980–1981) and the National Institute for Policy and Strategic Studies, Kuru.
While serving in the military, Diya studied law at Ahmadu Bello University, Zaria, where he obtained an LLB degree, and then at the Nigerian Law School, where he was called to bar as Solicitor and Advocate of the Supreme Court of Nigeria.
He held other top military posts like GOC, 82 Division and finally the Chief of General Staff (military Vice President) to Gen Sani Abacha
The statement read: “On behalf of the entire Diya family home and abroad; we announce the passing on to Glory of our dear Husband,Father, Grandfather,brother, Lt- General Donaldson Oladipo Oyeyinka Diya (Rtd) GCON, LLB, BL, PSC, FSS, mni.
“Our dear Daddy passed onto glory in the early hours of 26th March 2023. Please keep us in your prayers as we mourn his demise in this period. Further announcements will be made public in due course.
“Barrister Prince Oyesinmilola Diya, on behalf of the family.”
Breaking: Appeal Court Retains Adeleke As Osun Governor
The Court of Appeal sitting in Abuja has vacated the tribunal judgement that nullified the election of Governor Ademola Adeleke of Osun State.
The appellate court, in a unanimous decision by a three-member panel of Justices, on Friday held that the appeal Adeleke lodged to challenge his sack by the Osun State Governorship Election Petition Tribunal, was meritorious.
Aside from setting aside the judgement of the tribunal, the court, in its lead judgement that was delivered by Justice Mohammed Lawal, awarded N500, 000 cost against the All Progressive Congress, APC, and its candidate, Gboyega Oyetola
BREAKING: PDP Suspends Anyim, Fayose
Former governor of Ekiti State, Ayodele Fayose; former president of the Senate, Pius Anyim; Prof Dennis Ityavyar and Aslam Aliyu were on Thursday suspended from the Peoples’ Democratic Party (PDP).
The PDP made the suspension on Thursday after an extensive review of the affairs of the party, pursuant to the provisions of the PDP Constitution (as amended in 2017).
The PDP also referred the Governor of Benue State, Samuel Ortom, to the National Disciplinary Committee over his reported involvement in anti-party activities.
This was disclosed in a statement signed by the National Publicity Secretary, Debo Ologunagba.
“The PDP urges all leaders, critical stakeholders and teeming members of our party across the country to remain united and focused at this critical time,” the statement added.
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