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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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Supreme Court Reserves Judgment in Appeal over Nullified PDP Convention

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The Supreme Court has reserved its judgment in the appeal filed by the Taminu Turaki-led group of the Peoples’ Democratic Party (PDP) seeking to overturn the judgment of the Court of Appeal, which nullified the conduct of the party’s national convention, held last year in Ibadan, Oyo State.

A five-member panel of the apex court announced on Wednesday that its judgment would be delivered on a date to be communicated to all parties in the appeal.

Justice Garba Mohammed, who led the five-member panel, made the announcement shortly after lawyers representing parties in the appeal adopted their processes as briefs of their arguments for and against the appeal.

The appeal was filed by the Turaki-led group’s national executives of the party who emerged from the convention.

They had approached the apex court to challenge the judgment of the Court of Appeal, which had nullified the convention for being held in disobedience of a valid order of the court.

While adopting their brief of argument filed on April 2, the appellants, through their team of lawyers led by Paul Erokoro (SAN), urged the Supreme Court not only to allow their appeal but also to dismiss a cross-appeal lodged against them by a leadership group in the party aligned with the Minister of the Federal Capital Territory (FCT), Nyesom Wike.

Meanwhile, Lamido, who was represented by J. C. Njikonye (SAN), as well as the Wike-backed group represented by Joseph Daudu (SAN), filed preliminary objections seeking dismissal of the appeal.

The respondents insisted that, contrary to the contention by the Turaki-led group, the appeal did not fall within the sphere of the PDP’s internal affairs.

It was the respondents’ position that both the high court and the appellate court had rightly exercised jurisdiction over the matter.

Justice Peter Lifu of the Federal High Court in Abuja, in a judgment last year, restrained the then-Ambassador Iliya Damagum-led National Executive Committee of the PDP from proceeding with the convention slated for November 15 and 16, 2026, in Ibadan, Oyo State.

Justice Lifu had ordered that the convention should not hold until an aspirant to the office of national chairman, former Jigawa State Governor Sule Lamido, is allowed to purchase interest and nomination forms to enable him to participate in the convention for the election of national officers.

The party, however, went ahead to conduct the convention in disregard of the orders of the court.

The PDP had predicated its action to conduct the convention on the grounds that the court lacked the jurisdiction to stop the convention, as the issue brought before it was an internal matter of the PDP, which no court has jurisdiction to delve into.

However, the appellate court in its judgment last month disagreed that the issue at the trial court was an internal affair of a political party, which courts cannot entertain.

The three-member panel of the appellate court subsequently nullified the outcome of the convention for being held in disobedience to the orders of the Federal High Court, Abuja.

Dissatisfied, the PDP approached the apex court, praying it to accept the appeal against the lower court judgment, set the judgment aside, and hold that the issue was an internal matter of the PDP, which both the Court of Appeal and the Federal High Court lacked jurisdiction to entertain.

However, the respondents in the appeal urged the court to dismiss the appeal for lack of merit and hold otherwise.

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LP: Nenadi Usman Floors Julius Abure at Appeal Court

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The Court of Appeal in Abuja has dismissed the appeal filed by Julius Abure challenging the legitimacy of the Nenadi Usman-led leadership of the Labour Party (LP).

A three-member panel of the appellate court, in a Tuesday judgment, unanimously affirmed the January 21 judgment by Justice Peter Lifu of the Federal High Court in Abuja, which upheld the legitimacy of the 29-member caretaker committee of the LP, led by Senator Usman.

In the lead judgment delivered by Justice Oyejoju Oyewumi, which Justices Abba Mohammed and Eberechi Nyesom-Wike agreed with, the appellate court held that the earlier Supreme Court judgment conclusively settled the leadership dispute within the LP by nullifying the convention that purportedly returned Abure as National Chairman.

Justice Lifu had, in the January 21 judgment, relied on an April 4, 2025, decision of the Supreme Court, which held that Abure’s tenure as the party’s National Chairman had expired. The judgment directed the Independent National Electoral Commission (INEC) to recognize Senator Usman and other members of her committee as the legitimate leaders of the party, to the exclusion of all others.

The court further held that the lower court had the power under Section 251 of the Constitution to compel a statutory Federal government agency to perform its functions when it ordered INEC to recognize Senator Nenadi Usman as the National Chairman of the Labour Party.

It was equally agreed with the trial court that constituting the LP’s caretaker committee, headed by Usman, was a doctrine of necessity required to provide leadership in the party when a vacuum appeared to exist.

The court faulted Abure’s claim that the trial court denied him a fair hearing and accused him of abusing the court process.

The court also accused Abure of forum shopping by appearing before the Nasarawa State High Court in a case already decided by the Supreme Court, and of persisting in the claim the party’s leadership despite the apex court’s clear and unambiguous pronouncement.

It held that the appeal, marked: CA/ABJ/CV/255/2026, was devoid of merit and constituted an abuse of court process.

“On the whole, I agree with the decision and conclusion of the trial court as the same, being in accordance with the Constitution,” Justice Oyewumi held, adding that the lower court reached a reasonable conclusion that the Court of Appeal cannot fault.

While dismissing the appeal, the court awarded him costs of N10 million for wasting the court’s time on an issue that had already been conclusively determined.

Earlier, the court held that Nenadi Usman, as a juristic person, had the right to file the case before the trial court, and that the trial court had jurisdiction to hear and determine the case.

The court also rejected Abure’s allegation that the lower court denied him a fair hearing, noting that the claim lacked any basis.

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Tinubu Sacks Edun, Appoints Oyedele As Finance Minister

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President Bola Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council (FEC).

According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements have been named.

A statement signed by the Special Adviser, Media and Publicity to the Secretary to the Government of the Federation, Yomi Odunuga, on Tuesday evening, said Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy.

“He has been directed to hand over to Mr. Taiwo Oyedele, who is now to take over as Minister of Finance and Coordinating Minister of the Economy. Oyedele was formerly a Minister of State in the ministry.

“Also Mr. Muttaqha Rabe Darma (PhD.) has been named as the ministerial nominee and minister-designate for the Housing and Urban Development Ministry,” Odunuga stated.

The memo also directed Dangiwa to hand over to the Minister of State in the ministry pending Darma’s confirmation.

The memo stated that “all handing over and taking over processes should be completed on or before close of business on Thursday 23rd April, 2026.”

Explaining the President’s decision, Odunuga quoted Akume as saying: “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”

He said the President, in approving the cabinet reshuffle, has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended).

The President thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours.

The President, Akume noted, equally assured all cabinet members that “the process of reinvigoration shall be continuous.”

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