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Emefiele’s Foray into Politics, Dele Momodu Has Been Proved Right

Published

4 years ago

May 7, 2022

Eric

By Eric Elezuo

It did not come as a surprise to many when it was announced on Friday that the substantive Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has purchased the N100 million All Progressives Congress (APC) expression of interest and nomination forms to contest the presidential primaries later this month.

It will be recalled that the likes of Chief Dele Momodu had warned of the possibility of the nation’s number one banker delving into partisan politics following his utterances and body languages.

Recall that in February, Momodu, who is a frontline presidential aspirant on the platform of the Peoples Democratic Party (PDP), had asked the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele to resign for dabbling into politics while still in office.

In the press release which was exclusively made available to The Boss, Momodu accused the CBN boss of supervising an economy that has so far nosedived.

“The chicanery of a Central Bank Governor Godwin Emefiele dabbling into politics while still in office

“While it is the right of every Nigerian to aspire to the highest office, it is a joke carried too far for a Central Bank Governor to remain in office while he and his well known sponsors are seeking to hijack the political process.

“Under Emefiele’s watch, Nigerian economy has nosedived yet he and his collaborators seek to deceive Nigerians that all is well. Let me say categorically that Nigeria can never be bought by a few individuals because they want to protect themselves,” Momodu said.

Echoing Momodu’s stand, a popular online medium, shortly after, called for the resignation of the CBN governor in its editorial commentary.

The editorial noted inter alia:

“It is our considered view that the statutory independence granted the Central Bank and its governor is compromised, if not totally eroded, when a sitting and serving Governor of the Bank becomes a closet politician angling or lobbying to be appointed to or to contest for a partisan political office. Whether he openly makes known his partisan political interest or does so through shadow proxies is immaterial.”

Headline

Defence Gulps Lion Share As Tinubu Presents N58.47trn 2026 Budget to NASS

Published

13 hours ago

December 19, 2025

Eric

President Bola Tinubu has presented a budget of N58.47 trillion for the 2026 fiscal year to a joint session of the National Assembly, with capital recurrent (non‑debt) expenditure standing at N15.25 trillion.

Tinubu presented the budget on Friday, pegging the capital expenditure at N26.08 trillion and putting the crude oil benchmark at US$64.85 per barrel.

He said the expected total revenue is N34.33 trillion, projected total expenditure: N58.18 trillion, including N15.52 trillion for debt servicing. The budget is N23.85 trillion, representing 4.28% of GDP.

The budget was anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of N1,400 to the US Dollar for the 2026 fiscal year.

In terms of sectoral allocation, defence and security took the lion’s share with N 5.41 trillion, followed by infrastructure at N3.56 trillion.

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Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

Published

2 days ago

December 18, 2025

Eric

Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles.

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

Headline

Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

Published

2 days ago

December 18, 2025

Eric

Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.