General
2023: CNPP, CSOs Give Emefiele April 21 Deadline to Resign or….
By Aduragbemi Omiyale
Some political parties in the country and civil society organisations are threatening a showdown with the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, over his alleged intention to contest for the post of president of the country in 2023.
There have been rumours that the CBN chief is planning to rule the country next year under the platform of the ruling All Progressives Congress (APC).
At the national convention of the party last month, his campaign posters adorned the venue of the exercise in Abuja, causing many to raise an eyebrow because he should be non-partisan, increasing calls for his resignation.
Worried by the precedence his action may create, the Conference of Nigeria Political Parties (CNPP) and others have concluded plans to occupy the CBN headquarters in Abuja until Mr Emefiele resigns or denounces his purported presidential ambition and halts the activities of his support groups who they claimed are sources of distraction to his duties.
In a joint statement issued in Abuja by the Secretary-General of CNPP, Mr Willy Ezugwu and the National Secretary of the Coalition Of National Civil Society Organisations, Mr Ali Abacha, the groups noted that their “action has become necessary to save the Nigerian economy from total collapse.”
Giving reasons for the move, they said “it has become imperative to minimize the stress on the economy and to ensure that the relevant laws in the country are respected to the letter.”
According to them, “Section 9 of the CBN Act, 2007, clearly stated 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 except such personal or charitable causes as may be determined by the Board and Which Do Not Conflict With Or Detract From Their Full-Time Duties…”
“Evidently, the law that established the CBN had foreseen that any iota of distraction or divided attention, however minimal, can spell doom for Nigeria’s economy, particularly with the deafening level of obviously sponsored clamour by different groups urging the CBN governor, Mr Godwin Emefiele to join the presidential race. It is clear that this is a source of distraction for the Governor of CBN at this time.
“Secondly, an important institution like the CBN should NEVER be headed by politically ambitious persons and it was for this reason that the CBN Act stipulated that The Governor and Deputy-Governors shall be persons of recognized financial experience… and not politicians of recognized political experience.
“Finally, if Mr Godwin Emefiele, who is eminently qualified to run for president, wishes to pursue a political career, Section 11(3) of the Act prescribed that The Governor or any Deputy Governor may resign his office by giving at least three months’ notice in writing to the President of his intention to do so…
“The question is, has the CBN governor transmitted a letter to President Muhammadu Buhari notifying him of his intention to leave office in three months from the date of the notice?
“We, therefore, call on the CBN governor, Mr Godwin Emefiele to immediately resign or publicly denounce his purported presidential ambition and order groups causing a distraction to the performance of his full-time duties to stop forthwith.
“He should immediately authorize relevant government agencies to clean up his posters which are conspicuously displayed around the CBN headquarters, in other parts of the Federal Capital Territory (FCT), and in most cities across the country.
“If these are not, by Thursday, April 21, the CNPP in conjunction with the civil society coalition will be occupying the CBN headquarters until Mr Emefiele resigns or denounces the purported distracting ongoing 2023 presidential campaign on his behalf by groups.
“It is noteworthy to state that the Nigerian economy has suffered enough stress, while the cost of living is becoming much more unbearable for the masses, and further distraction of the CBN governor’s full-time duties as stipulated by law will be strongly challenged on all fronts from April 21, 2022, since section 9 of the CBN Act 2007 (as amended) is unambiguous.
“We wish to reiterate that Mr Godwin Emefiele is eminently qualified to run for president of Nigeria but it has to be in absolute compliance with the laws of the land, especially the sections 8, 9 and 11 of the CBN Act 2007 (As amended)”, the CNPP and the CNCSOs stated.
By Adedapo Adesanya
A Federal High Court sitting in Abuja has fixed January 7 to hear the bail application of former Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami, over alleged money laundering.
Recall that the same court had ordered the remand of Mr Malami at the Kuje Correctional Centre.
The Senior Advocate of Nigeria, his son, Abdulaziz, and one of his wives, Mrs Bashir Asabe, are standing trial predicated on a 16-count charge preferred against them by the Economic and Financial Crimes Commission (EFCC).
The trio, who are accused of laundering N8.7 billion, pleaded not guilty to the charges when they were arraigned on December 29, 2025.
Following their plea of not guilty, Justice Emeka Nwite ordered their remand at Kuje Correctional Centre till January 2, 2026, when their written bail application would be argued by his legal team.
In the charge, identified as FHC/ABJ/CR/700/2025, the defendants were accused of conspiring to conceal, disguise, and retain proceeds from illegal activities.
The indictment claimed that they used multiple bank accounts, corporate entities, and high-value real estate transactions over nearly ten years to indirectly acquire the illicit funds.
According to the charge sheet, the alleged offences took place between 2015 and 2025, primarily within the Federal Capital Territory, Abuja, during Malami’s time as the country’s Attorney-General.
The EFCC alleged that Malami and his son used Metropolitan Auto Tech Limited to hide N1.014 billion in a Sterling Bank account from July 2022 to June 2025.
They were also accused of depositing an additional N600.01 million between September 2020 and February 2021.
The properties in question include a luxury duplex on Amazon Street, Maitama, purchased for N500 million; a property on Onitsha Crescent, Garki, bought for N700 million; and another in Jabi District for N850 million.
Additional acquisitions include real estate on Rhine Street, Maitama (N430 million); in Asokoro District (N210 million and N325 million); and at Efab Estate, Gwarimpa (N120 million).
The EFCC further alleges that Mr Malami used unlawful proceeds totaling N952 million to acquire multiple properties in Abuja, Kano, and Birnin Kebbi between 2018 and 2023.
The acquisitions were allegedly made through proxies and corporate entities to obscure ownership.
The commission claimed that the alleged actions violate the provisions of the Money Laundering (Prohibition) Act, 2011 (as amended) and the Money Laundering (Prevention and Prohibition) Act, 2022.
By Adedapo Adesanya
The Nigeria Association of Plant Operators (NAPO) has petitioned the Economic and Financial Crimes Commission (EFCC) to investigate allegations of tax deduction and non-remittance fraud linked to the NLNG Train 7 project.
Train 7 is a major expansion project of the Nigeria Liquefied Natural Gas (NLNG) facility on Bonny Island, Rivers State, Nigeria. It involves building a seventh “train” (processing unit) at the LNG plant to significantly increase Nigeria’s LNG production capacity and strengthen the country’s role as a global supplier of cleaner energy.
NAPO’s President General, Mr Harold Benstowe, alongside four other officials, appeared at the EFCC Port Harcourt Zonal Office in Port Harcourt, to adopt a petition accusing Daewoo Engineering & Construction Nigeria and others of alleged unlawful tax deductions from workers on the multibillion-dollar NLNG Train 7 gas plant construction project.
According to NAPO, the EFCC received the delegation and guided them through the formal adoption of the petition, paving the way for what the union described as a “proper forensic investigation” into the alleged financial misconduct.
“The EFCC has assured the victims that it will conduct a thorough investigation to get to the root of the matter,” Mr Benstowe said, describing the development as a major step toward accountability in the construction segment of Nigeria’s oil and gas industry.
It also raised that the allegations strike at the heart of compliance risks surrounding one of Nigeria’s most strategic gas investments, with potential implications for contractors, regulators and investor confidence in large-scale energy projects.
Mr Benstowe called on workers involved in the NLNG Train 7 project to actively support the investigation by submitting documentary evidence, particularly payslips allegedly showing tax deductions by Daewoo E&C Nigeria.
“We encourage all affected workers to freely come forward with more evidence to assist the EFCC in carrying out a comprehensive investigation,” he said.
He also dismissed reports of intimidation, warning that the union would resist any attempts to suppress whistleblowers.
“All victims should ignore threats or discouragement from any quarters. This is no longer business as usual. We are prepared for a big showdown to ensure everyone involved is brought to book,” Mr Benstowe declared.
The NAPO leader framed the petition as part of a broader struggle for financial transparency and workers’ rights in Nigeria’s oil and gas construction value chain, stressing that the outcome would send a strong signal to contractors operating on high-value energy projects.
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) has unveiled its institutional brand identity as it officially transition from the Federal Inland Revenue Service (FIRS) to the newly established revenue collection agency as gazetted.
The transition was marked with the unveiling of the agency’s new logo, according to a statement from Mr Dare Adekanmbi, special adviser to the chairman of NRS, Mr Zacch Adedeji.
Speaking at the unveiling event in Abuja on Wednesday, Mr Adedeji said the new identity represents a significant milestone in the evolution of Nigeria’s revenue administration framework.
The taxman said the unveiling reflects a renewed commitment to a more unified, efficient, and service-oriented revenue system aligned with Nigeria’s economic transformation agenda and global best practices.
He said the new identity signals continuity of purpose, strengthened institutional capacity, and a forward-looking approach to supporting taxpayers and national development.
According to the statement, the NRS said it remains committed to transparency, partnership, and service excellence.
“The unveiling of this new identity represents not an end, but the beginning of a strengthened relationship between the revenue authority and the Nigerian public—built on trust, clarity, and shared prosperity,” the statement reads.
It was also stated that the service came into operation following the signing of its enabling law — the Nigeria Revenue Service Establishment Act 2025 — by President Bola Tinubu in June.
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