Headline

Naira Crash: PDP Demands CBN Gov’s Resignation

Published

5 years ago

September 26, 2021

Eric

The Peoples Democratic Party has demanded the resignation of the Governor of the Central Bank of Nigeria, Godwin Emefiele, over alleged mismanagement of the economy.

National Publicity Secretary of the PDP, Kola Ologbondiyan, made the demand on behalf of the party, at a media briefing in Abuja, on Thursday.

The PDP also demanded that the Economic and Financial Crimes Commission should equally investigate allegations of malfeasance in the management of the bank and the economy.

The spokesman stated, “Our party insists that the tenure of Emefiele as CBN governor under the APC administration has witnessed colossal failures of monetary and fiscal policies, requiring him to vacate the office and hand himself over for investigation.

“It is instructive to note that when Emefiele took office as CBN Governor in 2014 the naira exchanged for N164 to a dollar.

“Today, in the hands of Emefiele and the APC, the naira has tumbled to near N600 to a dollar, putting the nation’s economy on its knees.”

Ologbondiyan further said, “Painfully, under the leadership of Emefiele, the CBN has failed in its core mandate of managing the economy and took a dive into propaganda, with claims that do not reflect the harsh economic reality on the ground.

“The PDP, therefore, urges the EFCC not to allow this revelation to be swept under the carpet as it borders on serious economic sabotage which sanctions are clearly spelt out under our laws.”

Headline

UK Court Acquittal: Diezani Goes Spiritual, Says God Will Always Be God

Published

4 hours ago

June 18, 2026

Eric

Nigeria’s former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has reacted to her acquittal by a London court after bribery charges brought against her were dismissed.

The Southwark Crown Court in London, United Kingdom, on Wednesday acquitted the former minister of all charges, including five counts of accepting bribes and one count of conspiracy to commit bribery.

Reacting to the judgment, Alison-Madueke expressed relief and said she and her family had endured years of emotional distress over the case.

Speaking to News Central, she said she has remained in the United Kingdom since the legal proceedings began 11 years ago.

She said: “I’m just thankful to God, it’s been arduous, almost 11 years. It’s been traumatic not just for me but for my family, friends, my 93-year-old mother in Port Harcourt and for my son.

“It has been a hard journey, but I tell you this, God will always do as He will. God will be God and God is not a man that He should lie; when He promises you something, He will see it through.

“For almost 11 years I have been here. I did my job to the best of my ability.”

Headline

I Never Saw Report that Led to Natasha’s Suspension, Says Ireti Kingibe

Published

5 hours ago

June 18, 2026

Eric

The lawmaker representing the Federal Capital Territory (FCT), at the Senate, Ireti Kingibe, says she did not see any report that led to the suspension of Kogi Central Senator, Natasha Akpoti-Uduaghan.

Kingibe made this disclosure on Wednesday when she featured in an interview on Arise Television’s ‘Prime Time’.

She said she was at a retreat with Edo North Senator, Adams Oshiomhole, when she heard about the report.

“I never saw the report that led to Natasha’s suspension. I was at a retreat. I had earlier stated that I was there with three or four other senators who are members of the committee.

“We attended the Committee on Petitions and Public Complaints, signed the attendance register, and I later left for the tax reform retreat, which I considered more important at the time.

“It affects my constituents much more than disciplining a senator, and I figured that the other people who were not part of that committee would take care of it.

“I even complained to other Senators, specifically to Senator Enyinnaya Abaribe. I complained to him very bitterly that I had not seen that report. I didn’t see it then. I have not seen it till now,” she said.

Headline

UK Court Clears Ex-Petroleum Minister Alison-Madueke of All Corruption Charges

Published

22 hours ago

June 17, 2026

Eric

Former Nigerian oil minister Diezani Alison-Madueke was on Wednesday found not guilty by a London jury of six bribery charges, after ‌a rare corruption trial of a high-profile former energy official.

Alison-Madueke, minister for petroleum resources between 2010 and 2015 under then-president Goodluck Jonathan, stood trial charged with five counts of accepting bribes and a charge of conspiracy to commit bribery, which she denied.

Prosecutors ⁠alleged Alison-Madueke, 65, was given “a life of luxury” in London from oil and gas industry figures seeking lucrative contracts in Nigeria, which has long grappled with mismanagement and corruption.

But the former minister, who was also briefly president of the Organization of the Petroleum Exporting Countries, said she never took any bribes and had no real influence over the awarding of lucrative government contracts.

After a trial at London’s Southwark ‌Crown ⁠Court, Alison-Madueke was acquitted by a jury of all six charges she faced after more than 46 hours of deliberation.

The not guilty verdicts are a major blow to British authorities, which began their investigation into corruption allegations against Alison-Madueke ⁠more than a decade ago.

Alison-Madueke stood trial alongside oil industry executive Olatimbo Ayinde, 54, who was charged with one count of bribery relating to Alison-Madueke ⁠and a separate count of bribery of a foreign public official.

Alison-Madueke’s brother Doye Agama, 69, was charged with conspiracy to commit bribery ⁠with his sister relating to payments made to Agama’s church.

Both Ayinde and Agama denied the charges against them and were also acquitted by the jury.

Source: Reuters