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Lagos Guber: Emefiele Not Involved in Politics or Supporting Gbadebo—CBN

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Godwin Emefiele Exchange Rate

By Dipo Olowookere

The Central Bank of Nigeria (CBN) has reacted to a report by a national newspaper alleging that its Governor, Mr Godwin Emefiele, was plotting to get back at the president-elect, Mr Bola Tinubu, by ensuring that the candidate of the opposition Labour Party (LP) in Lagos State, Mr Gbadebo Rhodes-Vivour, fondly called GRV, defeats the candidate of the ruling All Progressives Congress (APC), Governor Babajide Sanwo-Olu, on Saturday, March 18, 2023.

Mr Tinubu is believed to be in control of Lagos State, which is the commercial capital of Nigeria, since 1999, when he was elected as the governor of the state.

Though his term ended in 2007, according to reports, he has been actively involved in who leads the state, from Mr Babatunde Fashola (the current Minister of Works and Housing) in 2007 to former Governor Akinwunmi Ambode in 2015 and the incumbent Mr Sanwo-Olu, who now seeks another four-year term in office.

In the February 25, 2023, presidential election, Mr Tinubu, for the first time, lost Lagos State to the candidate of LP in the contest, Mr Peter Obi. This unsettled his camp and has put Mr Sanwo-Olu under pressure over fears that another protest vote could chase him out from Alausa this weekend.

Last year, Mr Emefiele attempted to clinch the presidential ticket of the APC but was stopped by the court, which held that he could not remain as the CBN chief and be involved in politics.

This fuelled calls for his resignation and cast doubt on his Naira redesign and cashless policies, which some politicians, including allies of Mr Tinubu, said were targeted at the president-elect.

Today, a newspaper with ties to Mr Tinubu published a story alleging that the apex bank boss was plotting to ensure the president-elect loses control of Lagos State in the governorship election this Saturday.

According to the report, Mr Emefiele has provided funds to the candidate of the Labour Party to prosecute the election and unseat the ruling party.

However, the acting Director of Corporate Communications of the CBN, Mr Isa Abdulmumin, refuted these claims, stressing that his boss is not partisan.

“The attention of the CBN has been drawn to a story published in The Nation newspaper of Monday, March 13, 2023, edition, alleging that the Governor, Mr Godwin Emefiele, has launched a fresh plot against president-elect.

“The aforementioned story went further to allege that the Governor has made a certain amount of money available to a candidate ahead of the March 18, 2023, gubernatorial poll.

“We wish to inform members of the public that this story is completely false and malicious as the CBN Governor does not know and has never met or even spoken with Mr Gbadebo Rhodes-Vivour, either in person or through a proxy.

“We wish to reiterate that the CBN Governor does not take part in politics and, therefore, urge anyone with contrary information to prove the Governor wrong by providing any facts.

“As such, the Governor and his team at the CBN should be allowed to focus on their assigned job with a view to achieving the statutory mandate of the bank,” the statement said.

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Pastor Ogbueli’s Abuja Night of Glory Holds Today

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Abuja Night of Glory

By Blaise Udunze

Momentum is gathering for the Abuja Night of Glory taking place today, Friday, December 5, 2025, at the main bowl of the Moshood Abiola National Stadium.

The crusade is being hosted by Dominion City Church headed by Pastor David Ogbueli and it starts by 7pm.

The all-night programme will feature dynamic worship leaders like Nathanial Bassey, Dunsin Oyekan, Theophilus Sunday, Chioma Jesus, Kaestrings, Sunmisola Agbebi Okeleye, Minister GUC, Ebuka Songs, Anthony Kani, and DC Angels.

Reputed as a teacher of righteousness and anointed minister of the gospel, evidenced by the miracles that have trailed his ministry, and one who champions the cause of the poor through empowerment initiatives, Dr. David Ogbueli will be joined by renowned ministers from within and outside Nigeria, including Evangelist Andres Bisonni, Dr. Charles Ndifon, Evangelist Dan Scott, Apostle Ikechukwu Nnajiofor, and several others.

Night of Glory has, in previous editions held across Nigeria’s cities, recorded remarkable results, such as immediate healings and freedom from chronic ailments, recovery of vision and movement after many years of paralysis, along with liberation from dependencies and emotional distress. Numerous participants have also shared testimonies of breakthroughs and big personal changes after the experience. Organisers state that this year’s event, in Abuja, is anticipated to exceed previous editions.

The event is intended for all individuals trusting God for divine intervention in any area of life.

Understanding the role of faith in the destiny of individuals and nations, a dedicated prayer session for Nigeria will take place during the crusade to tackle some of the current challenges being faced in the country and also to uplift he leaders and institutions before God.

Attendance is free, and registration is encouraged via the QR codes on event banners. Organisers expect a massive turnout as worshippers travel from across the country for what is anticipated to be a transformative encounter.

Adequate security and free transportation have been put in place ALL over the city of Abuja, while those outside Abuja are expected to join online.

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Rivers Speaker, 15 Other Lawmakers Leave PDP for APC

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rivers speaker Martin Amaewhule defect

By Modupe Gbadeyanka

The Speaker of the Rivers State House of Assembly, Mr Martin Amaewhule, has defected to the All Progressives Congress (APC).

At the plenary on Friday, Mr Amaewhule joined the ruling party from the opposition Peoples Democratic Party (PDP), along with 15 other members of the state parliament.

This development comes some months after they had earlier declared their support for the APC in the wake of a crisis with the state governor, Mr Sim Fubura.

The lawmakers had an issue with Mr Fubura, which led to a state of emergency declared on the oil-rich state by President Bola Tinubu in March 2025.

This embargo was only lift in September 2025 after the duration of the six-month emergency rule in the state.

A few days ago, members of the Rivers Assembly passed a vote of confidence on President Tinubu, backing him to remain in office till 2031, when he would have spent eight years in office if re-elected in 2027.

Announcing their defection today, the lawmakers pinned their decision on the crisis rocking the PDP at the national level.

It is not certain if their political godfather, Mr Nyesom Wike, who is the current Minister of the Federal Capital Territory (FCT), will join them in APC.

Mr Wike, who governed Rivers State from 2015 to 2023, has been accused of instigating the crisis in the opposition PDP. He was expelled from the party last month at a national convention held in Ibadan, Oyo State.

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Nigeria Risks Brain Drain in Energy Sector—PENGASSAN

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energy sector

By Adedapo Adesanya

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that Nigeria risks massive brain drain in the oil and gas sector due to poor remuneration.

The president of PENGASSAN, Mr Festus Osifo, said at the end of the National Executive Council (NEC) meeting of the union on Thursday in Abuja that the industry was facing challenges arising from Naira devaluation and inflation, noting that, oil and gas skills remained globally competitive.

Painting an example, he said, “A drilling engineer in Nigeria does the same job as one in the US or Abu Dhabi,” noting that the union must take steps to bridge the wage gap to prevent members from leaving the country for better opportunities abroad.

“If we don’t act, the brain drain seen in other sectors will be child’s play,” he said.

According to him, PENGASSAN has recorded significant gains through collective bargaining across oil and gas branches.

“We signed numerous agreements across government agencies, IOCs, service and marketing sectors,” he said.

He said the agreements brought relief to members facing rising costs of living, adding that, the association’s duty is to protect members’ jobs and enhance their pay.

Mr Osifo urged companies delaying salary reviews and those foot-dragging as a result of the prevailing economic realities, to do the needful.

He said the industry employed some of the nation’s best talents, making competitive pay critical to retaining skilled workers.

“This industry recruits the best. Companies must provide the best conditions,” he said.

On insecurity, Mr Osifo urged government to take decisive action against terrorism and kidnappings across the country.

“We are tired of condemnations. government must expose sponsors and protect citizens,” he said.

He urged government at all levels to prioritise tackling insecurity through better funding and equipment for security agencies.

Mr Osifo said PENGASSAN supported calls for state police to improve local security response, adding that decentralising policing will protect citizens better than rhetoric.

He also said economic indicators meant little, if food prices remained high and farmers could not return to farms due to insecurity.

“Nigerians want to see food on the table, not macroeconomic figures,” he said, urging the government to coordinate fiscal and monetary policies to ensure economic gains reach households.

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