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PDP Calls for Arrest, Persecution of CBN Governor, Emefiele for Abuse of Office, Financial Impropriety

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By Eric Elezuo

The main opposition party, Peoples Democratic Party (PDP), has called for the immediate arrest and prosecution of the Central Bank of Nigeria governor, Mr Godwin Emefiele for a catalogue of offences among which are abuse of office and financial impropriety.

This is as the boss of the apex bank purchased the All Progressives Congress (APC) presidential form to contest the party primaries later this month.

The PDP made the call Saturday via a press statement signed by its National Publicity Secretary, Hon Debo Ologunagba, and made available to The Boss.

The party noted that Emefiele has violated both the CBN Act of 2007 and the Public Service Rule which forbid any public servant from holding any other office, or indulge in partisan politics.

It also accused the President Muhammadu Buhari-led APC administration of using the CBN as a conduit pipe to finance the APC long before now, and called for the immediate disengagement of the governor as CBN boss.

The statement in full:

APC Presidential Form: Emefiele Cannot Continue as CBN Governor – PDP
…Demands His Arrest, Prosecution for alleged Abuse of Office, Financial Impropriety

Gentlemen of the press,

You will recall that on March 25, 2022, our Party alerted the nation when we got intelligence that the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele was being promoted by the Presidency as Presidential candidate of the All Progressives Congress (APC) in the 2023 general elections.

At that time, we drew the attention of Nigerians to the provisions of the CBN Act 2007 and particularly referenced Section 9 which provides that “the Governor and the Deputy Governors shall devote the whole of their time to the service of the bank and while holding office, shall not engage in any full or part-time employment or vocation, whether remunerated or not…”

This provision is clear in demanding that 100 percent of the time and expertise of the CBN Governor and Deputy Governors shall be dedicated to the service of the CBN. This is because the CBN is critical to the integrity and stability of our economy.

Furthermore, Section 030422 of the Public Service Rule states that no public officer shall (a) “hold any office, paid or unpaid, permanent or temporary, in any political organization”, (b) offer himself/herself or nominate anyone else as a candidate for any elective public office…”, (c) “indicate publicly his support of or opposition to any party, candidate or policy and (d) “engage in canvassing in support of political candidates” unless such officer resigns his appointment.

Importantly, Section 030502 (g) of the Rule lists “engaging in partisan political activities’ as SERIOUS ACT OF MISCONDUCT.

Emefiele’s involvement in politics without resigning as CBN Governor therefore amounts to gross misconduct in contravention of Section 11 2 (2)(c) of the CBN Act.

Now that Mr. Emefiele has joined politics and reportedly obtained the N100 million Presidential aspirant form from the APC, he cannot continue to resume at the CBN which is the commonwealth of our nation.

By this Mr. Emefiele has become a clear and present danger to the health, integrity and reputation of the CBN and our nation’s financial sector. His continued stay as CBN Governor will further destroy investors’ confidence in the integrity of our nation’s financial regulatory Institution.

Mr. Emefiele’s involvement in partisan politics while still holding office as CBN Governor underpins the impunity, lawlessness and recklessness of the Muhammadu Buhari-led APC administration. It further confirms that the CBN under Emefiele has all along been the finance department of the APC.

It is now evident that the summersault of the economy under Mr. Emefiele as CBN Governor has been influenced by a personal partisan interest for which the CBN under his watch allegedly allowed multiple leakages in our financial regulations through discriminatory exchange rate policies and nebulous subsidies to funnel billons of naira to political lackies to fund a presidential ambition.

This also explains why under Emefiele, the CBN which is supposed to be the bankers’ bank continues to engage in fraudulent retail banking services under ill-defined economic intervention programmes to plunder the treasury.

The tsunamic macro-economic and fiscal policies of the CBN under Emefiele brought untold hardship to the productive and service sectors of our nation’s economy with consequential negative effect on the lives of our citizens.

It is provocative that instead of being remorseful, Mr. Emefiele is even insulting the sensibilities of Nigerians by seeking the office of the President while still holding office as CBN Governor.

The PDP points to reports in the public space of how Emefiele’s agents through corrupt practices, including manipulation of exchange rate, allegedly amassed sum close to $1 billion dollar which is already being deployed by the purchase of hundreds of Emefiele branded campaign vehicles in the colours of the APC in furtherance of a lavish Presidential campaign.

The direct consequences of such atrocious regime in the CBN under Emefiele is the collapse of our naira from N197 to N600 to a dollar, the crippling of our productive sector, multiple economic recession, increased poverty, inflation and unemployment rates, high costs of living and excruciating hardship to our citizens.

It is indeed saddening that President Muhammadu Buhari, who promised zero tolerance for corruption will enable, encourage and condone such atrocious regime in the CBN where our economy is opened to fraudulent pillaging to promote a political ambition.

Our Party stands with Nigerians in demanding the immediate arrest, investigation and prosecution of Mr. Emefiele by security and anti-graft agencies, particularly the Economic and Financial Crimes Commission (EFCC) for alleged financial malfeasance and abuse of office in the CBN under his watch.

As Nigerians we are determined to confront this evil. We wish Mr. Emefiele well in his new found but ill-fated political vocation but we demand that he must be brought to account for the activities that he undertook, supervised and superintended over the years that he has been at the helm of affairs at the CBN and for which our economy is in comatose.

The PDP calls on all Nigerians; the Civil Society, Students, Organized Labour, the Media and all lovers of good governance to rise up as the PDP takes drastic actions in leading the charge to defend the integrity of the CBN, Rule of Law and ensure that those who brought our economy to its knees face the wrath of the law.

Thank you

Hon. Debo Ologunagba
National Publicity Secretary

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FG Issues Security Advisory to Nigerians in South Africa

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The High Commission of the Federal Republic of Nigeriain in Pretoria has issued a security advisory to Nigerians living in South Africa following recent developments in the Eastern Cape Province and rising tension across the country.

In a statement dated March 30, 2026, and released in Pretoria, the mission urged Nigerian nationals to be more conscious of their personal safety and to moderate their movement while the situation remains uncertain.

It advised citizens to limit interaction with unfamiliar persons, maintain a low profile at all times and remain law-abiding while respecting local laws and customs.

The High Commission also directed Nigerians to suspend socio-cultural activities temporarily and to avoid making inflammatory statements on social or mainstream media capable of heightening the current tension.

It warned citizens to stay away from any demonstrations or counter-protests and to refrain from unnecessary display of wealth that could expose them to risk.

According to the mission, Nigerians who notice any threat to their lives or personal safety should immediately report to local police or other security agencies, while those in doubt about any of the safety measures were advised to contact the High Commission in Pretoria or the Consulate General of Nigeria in Johannesburg for guidance.

The advisory comes amid growing concerns about the safety of foreign nationals in parts of South Africa, with the Nigerian mission urging its citizens to remain vigilant until tensions subside.

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Lagos 2027: Who Would Tinubu Choose?

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By Eric Elezuo

The atmosphere in Lagos State even as the campaigning season and the 2027 Governorship election draw closer, is nothing in the neighborhood of tense or expectation among the electorate as the aspirants have little or no need of the acceptance of the masses to solidify their aspirations or acceptance. Everyone, who harbors the ambition to be the landlord of Alausa and replace Governor Babajide Sanwo-Olu in 2027, only has one duty, and that is to impress President Bola Tinubu, who has lord it over the state since the return to democracy in 1999.

The Boss investigation reveals that not a few of Lagos politicians are interested in occupying the Lagos House, home of the Governor, come 2027 as loyalist permutations rather than flashback to communal achievements continue to dominate the frontline.

Among aspirants, whose body language or unspoken gesculations have hinted their intentions to take over the administration of Lagos State in 2027 include but not limited to the present Deputy Governor, Femi Hamzat, immediate past Governor of Lagos, Akinwumi Ambode, Education Minister, Tunji Alausa, Senator Tokunbo Abiru, and Muri Okunola.

But as usual, someone, who is not initially seen as the frontrunner, is capable of  securing the ticket because the power of decision lies with one, who has come to be known as the be all and end all of Lagos politics, and presently, the All Progressives Congress (APC) as a party.

It is believed that Tinubu has been solely instrumental to the nomination of all the governors, most especially, and another political office holders that have occupied rulership positions in the state since 1999. And that posit the question as 2027 approaches; who would Tinubu choose?

Stakeholders have reasoned that nomination or outright selection of the governorship candidate of Tinubu’s party, who, from precedence, has always gone ahead to become the Governor of the state, is largely not on the strength of their political sagacity, not on the strength of their political and career achievements, neither is it on the strength of their impetuousity.

Accordingly, observers have said based on reccurent events in the last almost three decades, the selection is based on the strenght of the aspirant’s docility and weak resistance; on the strength of their blind loyalty to the ultimate kingmaker, and not forgetting on the strength of the whims and caprice of Bola Tinubu.

Everything basically resolves on who Tinubu chooses, and so the question again; who would Tinubu choose?

FEMI HAMZAT

Dr Femi Hamzat

The president Deputy Governor of Lagos State, Femi Hamzat, was born into a politics-oriented family, and that explains his political sagacity, which may be a threat to the kingmaker(s)

His parents were Late Oba Mufutau Olatunji Hamzat and Late Alhaja Kehinde Hamzat from Iga Egbe, Lagos State. His father served as a member of the Lagos State House of Assembly and as a Commissioner for Transportation in the state (1979–1983) before becoming the Vice-chairman (South West) of then Alliance for Democracy (AD). He became the Lagos West Senatorial District leader of the Action Congress and a crowned king through his maternal royal lineage.

Hamzat is rooted in grass-roots politics, and missed becoming the anointed candidate in 2015 when Ambode was unceremoniously chosen. He was also sidelined in 2023 when Sanwo-Olu took over, but many believe his time is now if Tinubu will consider his patience. Hamzat will be 62 in September.

AKINWUMI AMBODE

Ambode is the immediate past governor of Lagos State, whose tenure ended after his first four years, having fallen out of favour with the proverbial kingmaker, Tinubu. It was believed that the rejection Ambode suffered in the hands of party stalwarts was at the instance of now President Tinubu. He overwhelmingly lost at the primaries to Sanwo-Olu, who was practically ‘anointed’ to replace him.

A career civil servant, who rose to become the state’s accountant-General, Ambode, presented 62, was chosen to replace Tunde Fashola in 2015. It was rumored that Ambode ‘deviated’ from the ‘yes sir’ programme, and dared to be his own boss, initiate his own programmes and run the state as he and his cabinet deem fit. That was not acceptable to the powers that be, and Ambode never made it to the ballot paper in 2015

Though he eventually supported Sanwo-Olu’s campaign, after he was humbled, and brought about a smooth transition in the state, Ambode was kept at arms length in Lagos politics thereafter. But in retrospect, he has found his way back to the good books of Tinubu, and a lot of people are believing he may be given an opportunity to be at the helm of affairs again for another four years to conclude a supposedly unconcluded tenure. Ambode, however, is Christian just as the outgoing governor. But things of that nature doesn’t matter to Tinubu, when he wishes to made a decision.

MURI OKUNOLA

The 54 years Hakeem Muri Okunola, popularly known as HMO, is one aspirant, whom everyone believe is probably the anointed one for the governorship position come 2027.

Of privileged heritage in Lagos, being the first son of the late respected Justice Muritala Okunola, HMO is a trained lawyer, public administrator, technocrat and currently the Principal Secretary to President Bola Tinubu. He also served as the 22nd Lagos State Head of Service, a service he joined in 2001.

It would be proper to say that HMO has served and expressed loyalty to Tinubu for the better of his life. Between 2003 2005, he was personal assistant to Tinubu, until he was appointed as Executive Secretary to the Governor, Land Use and Allocation Committee. Afterwards, he was promoted to the position of Permanent Secretary in the Lagos State Public Service in 2011.

A reputed family man, HMO is seen as the closest person to Tinubu in official relationship, maybe after Femi Gbajabiamila, who is presently the Chief of Staff to the President.

TOKUNBO ABIRU

A seasoned banker, who is currently representing Lagos East Senatorial district in the Senate since 2020, Abiru has served as Commissioner for Finance, where he is touted as having performed creditably.

Abiru is also a member of the Lagos HOMs Committee, which is in charge of the Lagos State Home Ownership Mortgage Scheme (HOMs) instituted to reduce the housing deficit in the state.

He was named the chairman, Senate Committee on Banking of the 10th Senate on 8 August 2023.

Abiru was privileged to be to go to the Senate in 2020 following expressed permission granted by Tinubu. It is hoped that his luck may shine again as the drums of 2027 beat.

TUNJI ALAUSA

Alausa is trained medical doctor, who presently heads Nigeria’s Education Ministry – a position, he assumed in 2024. He was previously the Minister of State for Health and Social Welfare before Tahir was dismissed, creating a vacancy in the Ministry of Education.

Little is known of Alausa until he was invited to serve in the administration of Bola Tinubu.

Many has criticised Alausa’s policies since he assumed the office of senior minister in Education, but those can be overlooked if Tinubu stretch his radar his way.

Like many of the privileged ones, Alausa is also is also in his 60s, and will turn 61 in April.

FEMI GBAJABIAMILA 

Former Speaker of the House of Representatives, Gbajabiamila is presently the Chief of Staff to the President – a privileged office. He is assumed to be the closest person to the President by virtue of his office.

Gbajabiamila was first elected to the House of Representatives in 2003, representing the Surulere I constituency of Lagos State, and was consistently re-elected and served for six consecutive terms before he was invited by Tinubu to be his CoS, spending a total of 20 years in the Green Chamber.

Everyone, who knows Tinubu is aware that he can sprung a surprise any time. He chooses is his exclusive preserve, close to his chest and may come as a shock, when eventually announced.

So, who would Tinubu choose?

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Iran Has Given Up on Nuclear Weapons, Trump Claims

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US President, Donald Trump, said on Tuesday that Iran gave him a “very big present” related to the Strait of Hormuz, boosting his confidence that he is talking to the right people in Tehran to end the war.

The cryptic announcement came a day after Trump unexpectedly postponed threatened attacks on Iran’s power plants and said Washington is in negotiations with unspecified figures in Iran.

Tehran has, however, denied being part of any talks to end the war, which is now in its fourth week and has disrupted global oil supplies passing through the strategic Hormuz Strait.

“They did something yesterday that was amazing actually. They gave us a present and the present arrived today. And it was a very big present worth a tremendous amount of money,” Trump told reporters in the Oval Office.

“That meant one thing to me — we’re dealing with the right people.”

Speaking at the swearing-in ceremony for new US Homeland Security Secretary Markwayne Mullin, Trump said the “gift” was “very significant”, adding that it was “oil and gas-related.”

Asked if it was related to his demand that Iran reopen the Strait of Hormuz to oil traffic, Trump replied: “Yeah, it was related to the flow and to the strait.”

The US president added that the “present” was not related to Iran’s nuclear program, but repeated his claim that the Iranian side “agreed they will never have a nuclear weapon.”

Trump has not yet revealed who the United States is negotiating with in Tehran, saying only on Monday as he postponed a threat to attack Iran’s energy sites by five days that it is a “top person.”

“We’re actually talking to the right people, and they want to make a deal so badly,” Trump said.

Former Iranian supreme leader Ali Khamenei was killed on the first day of the joint Israeli-US air campaign, and successor Mojtaba Khamenei has not been seen in public.

But Trump said that the killing of Khamenei senior and a host of other top Iranian officials meant “we have really regime change. The leaders are all very different with the ones that we started off with.”

US Vice President, JD Vance, Secretary of State Marco Rubio, global envoy Steve Witkoff and Trump’s son-in-law Jared Kushner were all involved in the Iranian talks, Trump said.

But he did not confirm reports that Witkoff and Kushner were headed to Pakistan for talks with Iran, with Vance possibly to follow afterward if the negotiations appeared serious.

Pakistani Prime Minister Shehbaz Sharif offered on Tuesday to act as a mediator to end the conflict.

He said he had spoken with Iranian President Masoud Pezeshkian, promising Islamabad’s help to bring peace to the region.

Trump meanwhile joked that Secretary of Defense Pete Hegseth “didn’t want it to be settled” because he wanted to keep striking Iranian targets.

“We see ourselves as part of this negotiation as well. We negotiate with bombs,” Hegseth said when he was called to the podium by Trump.

Agency Report

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