Headline

Guber Polls: Second Term Seeking Governors Fret

Published

7 months ago

March 18, 2023

Eric

By Eric Elezuo

As Nigerians march to various polling units across the 36 states of the federation to elect 28 governors out of 837 candidates and 993 House of Assembly members out of 10,240 candidates, a special prayer for a smooth electoral process devoid of what was obtainable on February 23, 2023 when the presidential and National Assembly elections were held has been canvassed.

It is on record that the February 23 elections were marred by violence, none transmission of results electronically, harassment and intimidation of voters not loyal to the ruling All Progressives Congress (APC) by thugs allegedly loyal to the APC and flagrant distortion of election results. While some governments have congratulated the announced winner of the presidential election, most international bodies including The Financial Times, New York Times, The Economist and many others have condemned the election and the emergence of the APC candidate, Bola Tinubu, saying everything was heavily flawed. Presently, the matter is in court as two presidential candidates; Peter Obi of the Labour Party and Atiku Abubakar of the Peoples Democratic Party (PDP), who felt aggrieved are seeking redress from the judiciary.

But with the way things turned out during the previous election, regarding how the emergence of the Labour Party and Peter Obi proved to be a game changer, and practically retired some old politicians as well as swept votes in places considered strongholds of some politically godfathers, governors who are seeking reelection have become jittery as fear of the Labour Party sunami has created a new chapter in the political equilibrium.

In the 28 states where governorship elections will be held, 10 are seeking reelection. They are Babagana Zulum of Borno State, Babajide Sanwo-Olu of Lagos State, Abdullahi Sule of Nasarawa State, Dapo Abiodun of Ogun State, Seyi Makinde of Oyo State, Abdulraman Abdulrazaq of Kwara State, Mohammed Bala of Bauchi State, Umaru Fintiri of Adamawa State, Muhammad Inuwa of Gombe State and Bello Matawalle of Zamfara State.

Most of the governors listed above did not perform in delivering their states to their presidential candidates, and as a result, have come under intense tension as to what may go down at the polling units with special regards to their quest to return to their various government houses for another four years. Consequently, supporters of some governors and political parties resolved to attacks of supporters of other political parties either physically or emotionally.

In Lagos where Governor Babajide Sanwo-Olu is having a running battle with the candidate of the Labour Party, Gbadebo Rhodes-Vivour, and to some extent the candidate of the Peoples Democratic Party, Olajide Adediran, situation has degenerated to ethnic attacks, with the indigenes throwing tantrums at the Igbo for supporting the LP, and by extension Rhodes-Vivour. The Yoruba has insisted that the candidacy of Rhodes-Vivour has been rejected because he was born of Igbo-mother. Consequently, many Yoruba have cast aspersions at his candidacy, saying he was Igbo, and Lagos was not going to hand over their affairs to a ‘foreigner’. These notion, which has not only been perpetrated by the ordinary man, but by supposedly high placed citizens including Femi Fani-Kayode, who also almost in his characteristic stride, set up a conflict between the Igbo and Yoruba, with a damning article, “The Truth About the Igbos”, and the many others, has created skirmishes against the Igbo in Lagos. the thugs, who were well on ground during the presidential election, have also returned with threats of dealing with any Igbo voting against the APC.

In a viral video, a known thug, Musiliu Akinsanya, known by his nickname, MC Oluomo, was seen threatening the people of the Southeast not to risk coming out to vote if they are voting against the APC.

“We have begged them. If they don’t want to vote for us, it is not a fight. Tell them, mama Chukwudi, if you don’t want to vote for us, sit down at home. Sit down at home,” he said.

But the Police, speaking through the Force Public Relations Officer, Olumuyiwa Adejobi, said Oluomo was joking when he made the utterance. As a result, he was not even as much as invited to explain his position or why he made such a costly joke.

“So, let us take it for a joke like he has said. But nobody has the right to tell Nigerians not to come out and vote. It is not allowed. It is not possible; not proper. But he has come out to debunk that it is not true. So, let us leave it that way – that it is not true and a joke within one or two persons in that area at that particular point in time. Even the CP of Lagos was on a television programme this afternoon to address that if it is true, they are investigating that matter,” Adejobi said during a live TV show.

But one thing was sure, the threat of losing his position because of the overwhelming support the LP was receiving in Lagos, Sanwo-Olu became more visible in campaigns, and became to appear on TV interviews which he had hitherto shunned and became more accessible to Lagosians, who agreed that he had been faraway from the people in the last four years. He had paid pension, increased salaries of civil servants, released seized property among other people oriented actions he was wont to have taken long before now.

Another angle the Yoruba elites have stooped low to attack Igbo is in the area of unconfirmed notion of Igbo saying Lagos was ‘no man’s land’. So far, not one of the speakers, or writers, who made the assertion has quoted a source where the statement came from, prompting observers to conclude that the mindless attacks were products of hatred against the Igbo race. It has also been noised that the Igbo wanted to conquer Lagos through electing Rhodes-Vivour, who also is a Yoruba man.

“That is one of the most laughable part of this whole scenario. How can the election of a young Yoruba man means conquering Lagos. Isn’t it the more reason people should see there’s no credence in the entire setting. The Yorubas have, because of hatred forgotten that everyone wants the stranglehold of Bola Tinubu for over 24 years in Lagos to end. Yet, even those that are supposedly in the know have turned around to weave a tale of Igbo aiming to take over Lagos because Gbadebo is contesting against Tinubu’s candidate,” a prominent Lagos indigene, who craved anonymity said.

What is more worrisome, a cross section of Lagos residents told The Boss, is that the yarn is not only being peddled by illiterates or layabouts, but by people who are well looked up to by the younger generation. It would be recalled that during the prelude to the presidential contest, Sam Omatseye, who is the chairman of the editorial board of the The Nations Newspapers, owned by Bola Tinubu, pen an opinion titled Obi-tuary, where he derided the person of Peter Obi and the Igbo race. His was not the last as many others followed.

What is more obvious than clear is the fact that a new precedence has been set by the so called Yoruba people fighting against Gbadebo. It means that many of them married to women of other tribes including foreign women, has automatically denied their children of Yoruba heritage. If a child born of another tribe-woman but Yoruba father is not of full Yoruba blood, then the race should be in for a crisis as many Yoruba men are spread across the world, and no one knows where the arrow of love will strike him.

Of more importance is the fact that Rhodes-Vivour contested the senatorial position for Lagos west in 2019 under the PDP, but no one remembered that he was a half breed. Then he had no chance of winning. Today, hatred has arisen because the young man was riding on the new found popularity of Peter Obi as the face of Nigerian politics presently, to sell himself.

“The day we purge ourselves of the crisis of ethnicity and tribalism, especially the one rooted in blind godfatherism, that will be the day a little respite of brotherliness will be deposited in the nation’s body polity,” a political analyst said.

In Oyo State, the sitting governor, Seyi Makinde, has every reason to worry. He is one of the G5 governors, who abandoned the PDP and its presidential candidate, Atiku Abubakar, to support Tinubu to victory in Oyo. Today, the APC has denied any form of alliance with the governor, and transferred allegiance to its governorship candidate, Teslim Folarin. The sitting governor will battle to regain the confidence of the party he abandoned, and how he can make APC keep to their side of the bargain during the presidential race. As it stands, other members of the G5 has been made irrelevant having lost their bid to seek senatorial election. They are Okezie Ikpeazu of Abia State, Ifeanyi Ugwuanyi of Enugu State and Samuel Ortom of Benue State. The last and leader of the group, Nyesom Wike of Rivers State is battling to ensure his candidate, Sim Fubara emerges the governor of Rivers State. If Fubara and Makinde loses today, that would mark the inglorious end of the G5.

In Nasarawa, Abdullahi Sule’s loss to the LP during the presidential election, is an eye opener, and has made the PDP family to intensify campaigns to ensure they return to government house. This is not forgetting that the APC is also hot on their heels.

In Kwara State, the government of Abdulrazaq will be facing another set of Otoge revolution chiefly because of the the general view that the governor under-performed, and again with the Bukola Saraki rising profile in the last four years..

In Bauchi State, Governor Bala Mohammed of the PDP is having a photo finish with his rival from the APC. The race for superiority has been the major cause of armed skirmishes between the supporters of both parties.

In Ogun State, the rivalry between the incumbent governor, Dapo Abiodun and former governor of the state, Senator Ibikunle Amosun continue to heighten. Though both men are in the same APC, Amosun is however sponsoring and supporting the candidate of the African Democratic Congress (ADC), Biyi Otegbeye as thye incumbent owing to person issues. Abiodun will need more than his track record to defeat Amosun again.

In Adamawa State, the government of Ahmadu Fintiri will have a running battle with the APC candidate, Aishatu Binani, who is a woman. The crave for a first woman governor is keeping Fintiri at the edge of his seat as the governorship election lasts.

Whichever the pendulum swings, it must be noted that the sitting governors, who are seeking second terms are fretting owing to pronounced and tangible oppositions.

Headline

Strike: FG Hopeful As Meeting with with Labour Ends on Inclusive Note

Published

2 hours ago

October 1, 2023

Eric

The meeting called by the Federal Government to resolve the grievances for which the organised labour had issued a threat of an indefinite strike, set to commence on October 3rd, 2023, ended on an inconclusive note, as the two labour centres are to consult with their National Executive Council over the new proposal thrown on the table by the government.

Meanwhile, the federal government has made a U-turn regarding its proposed N25,000 wage award to workers in the lower cadre to cushion the impact of the fuel subsidy removal, stating that the said amount would be applicable to all workers in the civil service.

The Chief of Staff to the President, Femi Gbajiabiamila, backtracked on the earlier decision made by President Bola Ahmed during his Independence Day broadcast to the nation on Sunday.

Briefing journalists on part of the outcome of the meeting, the Chief of Staff said, “Let me, first of all, on behalf of the government and labour, thank you and commend you for the long hours you’ve been here.

“We’ve been at a closed-door meeting with labour and the government side since three o’clock. So, it’s been about a four-hour meeting.

“A lot of issues were addressed, issues that concern the Nigerian worker, the average Nigerian worker. I can’t begin to reel them out here. But I am happy to say that after four hours, we have reached certain agreements that are for the benefit of the Nigerian worker.

“Agreements on the wage bill, agreements on committees on salary increment, CNG buses, and several other things, I believe, both TUC, Labour and the government side?

“Hopefully, we expect that Labour will call a meeting of their various branches and executives tomorrow to present the agreements that have been reached, and we pray, believe, and hope that the strike will be called off on Tuesday.

“There was a lot of chatter on Twitter about the issue of low-income workers only falling into the category of the wage bill.

They spotted that, and we communicated that to Mr President, and he quickly said and agreed that all categories of workers would be given the wage bill.

“There’s nothing like low-income, mid-income, or high-income. I think that’s worthy of clarification tonight.”

NLC President Joe Ajaero, in his remarks after the meeting, said, “I don’t have much to say than the Chief of Staff has said.

We’ve been meeting, and we’ve looked at almost all the issues, all the promissory notes from the government, and we’ll look at how to translate them into reality and make them workable.

Then we’re going to take those promises to our organs. Of course, you know these people here cannot just wake up and review and call off action.”

Among some of the resolutions that all parties at the meeting agreed to was that the Federal Government has announced N25,000 only as a provisional wage increment for all Treasury-paid federal government workers for six months.

The closed-door meeting equally resolved that the Federal Government must show commitment to fast-tracking the provision of compressed natural gas (CNG) buses to ease public transportation difficulties associated with the removal of PMS subsidies while also committing to the provision of funds for micro- and small-scale enterprises.

They also agreed that VAT on diesel would be waived for the next six months. The Federal Government commences payments of N75,000 to 15 million households at N25,000 per month for a three-month period from October to December 2023.

Other highlights of the meeting were that the issues in dispute can only be resolved when workers are at work and not when they are on strike.

Furthermore, a statement by the presidency, signed by the Minister of Information and National Orientation, Mohammed Idris, indicated that labour unions argued for a higher wage award, and the Federal Government Team promised to present Labor’s request to President Bola Tinubu for further consideration.

To this end, they resolved that a sub-committee should be constituted to work out the details of the implementation of all items for consideration regarding government interventions to cushion the effect of fuel subsidy removal.

“The lingering matter of the Road Transport Employees Association of Nigeria (RTEAN) and the National Union of Road Transport Workers (NURTW) in Lagos State needs to be addressed urgently, and Lagos State Governor, Babajide Sanwo-Olu, who participated virtually, pledged to resolve the matter.

“NLC and TUC will consider the offers by the Federal Government with a view to suspending the planned strike to allow for further consultations on the implementation of the resolutions above,” all the stakeholders agreed.

Meanwhile, Governor Abdulrazak Abdulrahman of Kwara State and Chairman of the Nigeria Governors Forum (NGF) and Governor Dapo Abiodun of Ogun State participated virtually in the meeting, chaired by the Chief of Staff to the President, Femi Gbajabiamila.

In attendance were the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Minister of Information and National Orientation, Mohammed Idris, the Minister of Labour and Employment, Simon Lalong, the Minister of State, Labour, Nkeiruka Onyejeocha, the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, the Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, the Head of Service of the Federation, Dr. Folasade Yemi-Esan, and the National Security Adviser (NSA), Mallam Nuhu Ribadu.

The labour delegation was led by NLC President Joe Ajaero, Deputy President, TUC, Dr Tommy Etim Okon, NLC General Secretary Emma Ugboaja, and TUC General Secretary Nuhu Toro, among others.

Tribune

Headline

Full Text of President Tinubu’s 63rd Independence Day Speech

Published

17 hours ago

October 1, 2023

Eric

63RD INDEPENDENCE DAY ANNIVERSARY SPEECH BY PRESIDENT BOLA AHMED TINUBU

October 1, 2023

“Dear Compatriots,

“It is my unique honour to address you on this day, the 63rd anniversary of our nation’s independence, both as the President of our dear country and, simply, as a fellow Nigerian.

“On this solemn yet hopeful day, let us commend our founding fathers and mothers. Without them, there would be no modern Nigeria. From the fading embers of colonialism, their activism, dedication and leadership gave life to the belief in Nigeria as a sovereign and independent nation.

“Let us, at this very moment, affirm that, as Nigerians, we are all endowed with the sacred rights and individual gifts that God has bestowed on us as a nation and as human beings. No one is greater or lesser than the other. The triumphs that Nigeria has achieved shall define us.

The travails we have endured shall strengthen us. And no other nation or power on this earth shall keep us from our rightful place and destiny. This nation belongs to you, dear people. Love and cherish it as your very own.

“Nigeria is remarkable in its formation and essential character. We are a broad and dynamic blend of ethnic groups, religions, traditions and cultures. Yet, our bonds are intangible yet strong, invisible yet universal.

“We are joined by a common thirst for peace and progress, by the common dream of prosperity and harmony and by the unifying ideals of tolerance and justice.

“Forging a nation based on the fair application of these noble principles to a diverse population has been a task of significant blessing but also a serial challenge.

“Some people have said an independent Nigeria should never have come into existence. Some have said that our country would be torn apart. They are forever mistaken. Here, our nation stands, and here we shall remain.

“This year, we passed a significant milestone in our journey to a better Nigeria. By democratically electing a 7th consecutive civilian government, Nigeria has proven that commitment to democracy and the rule of law remains our guiding light.

“At my inauguration, I made important promises about how I would govern this great nation. Among those promises were pledges to reshape and modernize our economy and to secure the lives, liberty and property of the people.

“I said that bold reforms were necessary to place our nation on the path of prosperity and growth. On that occasion, I announced the end of the fuel subsidy. I am attuned to the hardships that have come. I have a heart that feels and eyes that see. I wish to explain to you why we must endure this trying moment.

“Those who sought to perpetuate the fuel subsidy and broken foreign exchange policies are people who would build their family mansion in the middle of a swamp.

“I am different. I am not a man to erect our national home on a foundation of mud. To endure, our home must be constructed on safe and pleasant ground.

“Reform may be painful, but it is what greatness and the future require. We now carry the costs of reaching a future in Nigeria where the abundance and fruits of the nation are fairly shared among all, not hoarded by a select and greedy few. A Nigeria where hunger, poverty and hardship are pushed into the shadows of an ever-fading past.

“There is no joy in seeing the people of this nation shoulder burdens that should have been shed years ago. I wish today’s difficulties did not exist. But we must endure if we are to reach the good side of our future.

“My government is doing all that it can to ease the load. I will now outline the path we are taking to relieve the stress on our families and households.

“We have embarked on several public sector reforms to stabilize the economy, direct fiscal and monetary policy to fight inflation, encourage production, ensure the security of lives and property and lend more support to the poor and the vulnerable.

“Based on our talks with labour, business and other stakeholders, we are introducing a provisional wage increment to enhance the federal minimum wage without causing undue inflation. For the next six months, the average low-grade worker shall receive an additional Twenty-Five Thousand naira per month.

“To ensure better grassroots development, we set up an Infrastructure Support Fund for states to invest in critical areas. States have already received funds to provide relief packages against the impact of rising food and other prices.

“Making the economy more robust by lowering transport costs will be key. In this regard, we have opened a new chapter in public transportation through the deployment of cheaper, safer Compressed Natural Gas (CNG) buses across the nation. These buses will operate at a fraction of current fuel prices, positively affecting transport fares.

“New CNG conversion kits will start coming in very soon as all hands are on deck to fast track the usually lengthy procurement process. We are also setting up training facilities and workshops across the nation to train and provide new opportunities for transport operators and entrepreneurs.

“This is a groundbreaking moment where, as a nation, we embrace more efficient means to power our economy. In making this change, we also make history.

“I pledged a thorough housecleaning of the den of malfeasance the CBN had become. That housecleaning is well underway. A new leadership for the Central Bank has been constituted. Also, my special investigator will soon present his findings on past lapses and how to prevent similar reoccurrences. Henceforth, monetary policy shall be for the benefit of all and not the exclusive province of the powerful and wealthy.
“Wise tax policy is essential to economic fairness and development. I have inaugurated a Committee on Tax Reforms to improve the efficiency of tax administration in the country and address fiscal policies that are unfair or hinder the business environment and slow our growth.

“To boost employment and urban incomes, we are providing investment funding for enterprises with great potential. Similarly, we are increasing investment in micro, small and medium-sized enterprises.

“Commencing this month, the social safety net is being extended through the expansion of cash transfer programs to an additional 15 million vulnerable households.

“My administration shall always accord the highest priority to the safety of the people. Inter-Service collaboration and intelligence sharing have been enhanced. Our Service Chiefs have been tasked with the vital responsibility of rebuilding the capacities of our security services.

“Here, I salute and commend our gallant security forces for keeping us safe and securing our territorial integrity. Many have paid the ultimate sacrifice. We remember them today and their families. We shall equip our forces with the ways and means needed to perform their urgent task on behalf of the people,

“We shall continue to make key appointments in line with the provisions of the Constitution and with fairness toward all. Women, Youth and the physically challenged shall continue to be given due regard in these appointments.

“May I take this opportunity to congratulate the National Assembly for its role in the quick take-off of this administration through the performance of its constitutional duties of confirmation and oversight.

“I similarly congratulate the judiciary as a pillar of democracy and fairness.

“I also thank members of our dynamic civil society organizations and labour unions for their dedication to Nigerian democracy. We may not always agree but I value your advice and recommendations. You are my brothers and sisters and you have my due respect.

“Fellow compatriots, the journey ahead will not be navigated by fear or hatred. We can only achieve a better Nigeria through courage, compassion and commitment as one indivisible unit.

“I promise that I shall remain committed and serve faithfully. I also invite all to join this enterprise to remake our beloved nation into its better self. We can do it. We must do it. We shall do it.!!!

“I wish you all a happy 63rd Independence Anniversary. Thank you for listening. May God bless the Federal Republic of Nigeria.”

Headline

Godwin Emefiele: The Endless Search for Justice

Published

18 hours ago

October 1, 2023

Eric

By Eric Elezuo

After the long drawn brouhaha of arrest, detention and dragging to court, the suspended and later sacked Governor of the Central Bank of Nigeria, Godwin Emefiele, was on July 25, 2023, granted bail in the sum of N20 million with one surety in like sum by the Federal High Court in Lagos State.

He was granted bail after pleading not guilty to the two counts bordering on the alleged illegal possession of firearms and ammunition. It was believed that the search for justice was coming to an end, but that was not to be.

Emefiele was facing two counts of illegal possession of firearms and ammunition preferred against him by the Federal Ministry of Justice before the vacation judge, Justice Nicholas Oweibo.

The Ministry of Justice was prosecuting him on charges of possessing a single-barrelled shotgun (JOJEFF MAGNUM 8371) without a licence. He was also accused of illegally possessing 23 rounds of live ammunition (cartridges) without a licence, offences committed the offences on June 15, 2023, at No. 3b Iru Close, Ikoyi area of Lagos.

But rather than releasing the embattled former governor, the Department of State Services (DSS) physically fought the Correction Centre officials to retain him as their prisoner.

A few days latter, the Federal Government applied to withdraw the ‘illegal possession of firearms’ case it filed against Emefiele, at the Federal High Court sitting in Lagos.

The Director of Public Prosecutions (DPP) at the Federal Ministry of Justice, Mohammed Abubakar told Justice Nicholas Oweibo that the application followed the result of further investigations made by the government.

Justice Oweibo adjourned till Thursday, August 17, 2023 to rule on the application. The DPP told Nigerians after the proceedings that a fresh 20 counts has been filed at the Federal Capital Territory (FCT) High Court against the then suspended CBN governor.

He said one of the charges proffered against Emefiele is that of “conferring unlawful advantages” making Nigerians wonder if there are no underground currents to denied the embattled Emefiele of justice even as four months has come and gone since he was removed from office and incarcerated.

Matters took a different turn as since the adjournment of the case, it has not been heard. On August 17, the case was stalled, and moved to August 23. Again, it was stalled.

The matter was not listed on the cause list of a Federal Capital Territory (FCT) High Court in Abuja on the day with no reason given as lawyers to both parties were absent in court.

The embattled defendant, who appeared before the court on August 17, was supposed to be arraigned but the arraignment was stalled as a result of the absence of the second defendant who was said to have been indisposed.

Although Emefiele (the first defendant) was present in court, the second defendant, a female CBN employee, Sa’adatu Yaro, was not in court prompting the Presiding Judge, Justice Hamza Muazu adjourned the matter to August 23, 2023.

Frustrated by the back and forth attitude of the DSS towards his release, Emefiele had sued the secret Police at the Federal Capital Territory High Court in Abuja, challenging his detention.

In his originating motion on notice, Emefiele prayed for the court to enforce his right to liberty and freedom of movement, as there is no basis for his continuous detention.

However, the Attorney General of the Federation as well as the DSS have insisted that the detention of the suspended CBN Governor is lawful.

In a preliminary objection filed against the fundamental rights enforcement suit instituted by Emefiele, the Attorney General of the Federation (AGF) and the DSS told the Federal Capital Territory High Court that the detention was backed by the order of a magistrates’ court and prayed for the court to dismiss the motion with cost.

They noted that the arrest of the former CBN governor was an administrative decision of the DSS.

The AGF is also challenging the jurisdiction of the court to entertain the suit, as the originating motion filed by Mr. Emefiele ought to have sought that the court set aside the order for his detention rather than seek enforcement of rights.

An appointee of former President Goodluck Jonathan after Alhaji Sanusi Lamido Sanusi’s tenure was cut short in 2015, Emefiele, was retained by Buhari, and began his second term in office in May 2019 after his reappointment, and confirmation by the Senate. He was thereafter sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs Alice Karau, according to a statement by the Director Corporate Communications, Mr Isaac Okoroafor.

On resumption of office for his second term, Emefiele expressed high hopes, dsiclosing that he will unfold a new roadmap for the Bank and the economy, in the days ahead, after consultations with critical stakeholder groups, and reiterated the bank’s focus to play an active role in supporting job and wealth creation in Nigeria.

In his words: “We must strengthen our efforts over the coming years to stimulate growth and job creation in critical sectors of the economy, which will help insulate our economy from shocks in the global economy.

“We must also work to build a healthy and stable financial system that will contribute to the growth of our economy while preserving price stability”.

Emefiele went ahead to unveil his economic blueprint for the country, promising to recapitalise banks within the next five years to make them contribute significantly to economic growth, promising that during his next five years, which will elapse in 2024, he would pursue an economic agenda that would make the economy grow by double digits through targeted programmes that would boost output, and work with Deposit Money Banks to boost credit to the real sector as well as the creative and education sector. In addition, he said the apex bank will increase its support to farmers in order to bring down the rate of inflation.

However, events began to take a dramatic turn as the matters of the naira showed the traces of a currency given inadequate attention with plummeting agenda against other currencies of the world, coupled with the advent of the electioneering season, which categorically sort of distracted the CBN governor with his overtly ambitions trend to become president, even without resigning his appointment as a public servant.

Earlier, the CBN governor was laced in a scandal following a leaked tape, where he and other senior bank officials were heard discussing discrepancies in the bank’s accounts, addressing a stolen money from the bank’s coffers. Though the tape was audible enough declaring the anxiety in the bank at the time, the authorities promptly denied the development, saying the tape was misquoted out of context, and distorted

Again, the Director, Corporate Communications, Mr Isaac Okoroafor, was on hand to veil the authenticity of the allegation saying said that no money was missing or stolen from the bank’s coffers as reported in some section of the media. He said that the audio was distorted in a manner which creates a different impression of the matter being discussed, which was to proffer solutions to a misunderstanding that affected the Bank’s balance sheet.

He said: “As publicly known the CBN was approached in 2015 by the National Economic Management Team and the National Economic Council chaired by the Vice President, to assist State Governments with Conditional Budget Support. This happened in the aftermath of the significant nose-dive in global oil prices and associated FAAC allocations.

“In order to ensure that ordinary Nigerian workers got their salaries, pensions and gratuities, and that the economy continued to recover from recession, the Bank provided about N650 billion in loans at 9 per cent with a two-year grace period to 35 States of the Federation.

“These monies were distributed to the states monthly with documented approval of the Federal Ministry of Finance and the Presidency.

“In closing the Bank’s 2018 accounts, external auditors in their Draft Account, erroneously classified about N150 billion of these loans as bad, which negatively affected the Bank’s Balance Sheet and shareholders fund.

“The selective conversation being circulated was simply a discussion to ascertain why the auditors took that position and next steps to resolving it.

“Obviously, it soon became clear that a State Government loan cannot be classified as “bad” or “irrecoverable” when the State still exists and getting FAAC allocations.

“The Bank then reached out to the Federal Ministry of Finance and they jointly gave comfort to the auditors who accepted in writing that these monies would be repaid.

“On this basis, the auditors reversed the negative entry and the certified that the CBN’s 2018 accounts were a true reflection of the State of Affairs.”

The statement ended with Okoroafor saying that Emefiele had “no account in Dubai or anywhere in the world and would never convert the funds of CBN for personal use. Not in the past, not now and not ever” while urging Nigerians to disregard the audio and continue to trust that the Bank is doing everything it could to represent their interests in the best possible way.” He stated that efforts to malign the CBN governor’s character and integrity will never stand.

Though the bank threatened to ‘pursue every legal means to bring the perpetrators to justice’, nothing was heard of the matter till date.

It was not long thereafter that the CBN’s governor’s foray into the murky waters of politics became public knowledge. While Nigerians were not averse to his contesting political positions, all the more than a few persons asked for was for the chief monetary officer to resign his position, and squarely politics, but he blatantly refused. And sought court ruling to enable him run while retaining his office.

Emefiele’s continous involvement in scandals went on unabated with making Nigerians believing he wouldn’t survive the administration of former President Buhari. He was enmeshed in one scandal after another since his infamous declaration to run for the office of the presidency as a sitting public servant, contrary to the dictates of the Nigerian Constitution. His recalcitrant attitude to the ambition, even as calls were made by prominent Nigerians, even the generality of the public, for him to jettison the plans, put him on the bad pavilion of public discourse. His inglorious handling of the economy that has seen the Naira continue a free fall did not help matters, and worse still the not-well-thought-out naira redesign process, leading to total withdrawal of cash in circulation, and driving Nigerians into untold suffering culminating into permanent disabilities for many and death for some.

However, the alleged crimes of Emefiele notwithstanding, he still deserves the application of the rule of law in his matter, but that has not been forthcoming as the DSS has held him incommunicado and disobeyed all court rulings on the issue.

A new development, which The Boss cannot immediately confirm alleged that the embattled Emefiele has been offered an opportunity of a plea bargain, demanding he submits N50 billion out of his supposed looted funds, and receive his release in exchange.

But observers believe that Emefiele’s endless search for justice will materialise, one day.