General
Court to Rule on Continuation of Emefiele’s Case Wednesday
By Adedapo Adesanya
The embattled former Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, who is standing trial on a 19-count bordering on receiving gratification and corrupt demand, will know whether or not his case will continue on Wednesday, February 26.
A Special Offences Court sitting in Ikeja, Lagos under Justice Rahman Oshodi adjourned for ruling after Mr Emefiele’s counsel, Mr Olalekan Ojo (SAN), asked the judge to recuse himself from the trial, citing bias.
Another Senior Advocate of Nigeria, Mr Kazeem Gbadamosi representing Mr Emefiele’s co-defendant, Mr Henry Omoile, also made a similar request.
Mr Emefiele is being tried by the Economic and Financial Crimes Commission (EFCC) for the charges alongside his co-defendant, Mr Omoile, who is facing a three-count charge bordering on unlawful acceptance of gifts by agents.
At the proceedings on Monday, the EFCC lead counsel, Mr Rotimi Oyedepo (SAN), concluded the evidence-in-chief of a former personal assistant to the CBN governor, Mr Adetola John.
Mr Oyedepo reminded the witness of his earlier testimony in November 2024, where he stated that he received the sum of $400,000 cash from the former director of the ICT Department, Mr John Ayoh, and handed it over to Mr Emefiele in his office.
The witness, Mr Adetola, at the time, had also said that he managed office correspondence and visitors of the former CBN governor in Lagos while one Mr Eric Odoh, the personal assistant to the CBN governor in Abuja did the same in the FCT office of the CBN.
Mr Oyedepo also asked the witness to confirm a WhatsApp message from Mr Odoh which was printed from his phone by the EFCC investigators.
The defence team objected to this line of questioning on the grounds that the document was solely meant for identification and was not an exhibit before the court. They also argued that the witness could not read or speak into the document.
Justice Oshodi overruled the defence team and allowed the witness to read from the document marked for identification.
The judge cited Section 224 of the Evidence Act, which permits leading questions concerning introductory facts or undisputed matters
After this procedure, the lead defence counsel, Mr Ojo, expressed dissatisfaction with the court’s decision. Rather than commence their cross-examination of the witness, through oral applications, they unanimously asked the court to recuse itself on the allegation of bias.
Mr Ojo argued that by the judge’s ruling, the court‘s decision was that the witness had already proven that the $400,000 collected by Mr Adetola was delivered.
He also contended that this premature conclusion made it impossible for the defence to cross-examine the witness fairly.
He, then, requested that Justice Oshodi recuse himself from further hearings.
In his response, the EFCC counsel, Mr Oyedepo opposed their applications, saying it is a form of delay tactics.
Justice Oshodi adjourned till February 26 to rule on the submissions.
Earlier in the proceedings, Emefiele’s counsel had informed the judge of another application seeking permission to allow the former CBN governor to appeal the court’s ruling delivered on January 8, 2025, assuming jurisdiction to hear the case.
By Adedapo Adesanya
The Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, to let Nigerians know whether the bank has commenced the direct disbursement of allocations to the 774 local government areas of Nigeria from the Federation Account.
He was also asked to “immediately disclose whether any direct payment has been made from the Federation Account with the CBN to the local government councils in Rivers state and to explain the rationale for any such payment.”
The Supreme Court last July in a landmark judgment held that no governor or other agencies have the power to keep, control, or disburse in any manner the allocations from the Federation Account meant for local government councils, and that any such allocations must be paid directly to democratically elected councils.
SERAP said it was concerned that states and the FCT have continued to undermine and endanger the existence of local governments and their ability to effectively function as the third tier of government.
In the Freedom of Information request dated May 10, 2025 and signed by SERAP deputy director, Mr Kolawole Oluwadare, the organisation said: “The CBN ought to act in the public interest to ensure that the 774 councils in the country directly get their own allocations from the Federation Account, as ordered by the Supreme Court.”
SERAP said, “The CBN has a constitutional and statutory duty to protect the allocations in the Federation Account and the public funds disbursed from that Account directly to each of the constitutionally recognized three tiers of government.
“The CBN also has the constitutional and statutory duty to ensure that no part of the Federation is governed contrary to the Nigerian Constitution or by anybody that is not constitutionally empowered to do so.”
“State governors are starving local governments of funds and putting them in peril, despite the Supreme Court’s binding orders. State governors’ blatant disregard for the Supreme Court’s orders undermines the integrity of the court and poses a direct challenge to the rule of law.
“The CBN should be facilitating compliance with the Supreme Court’s orders. If state governors get away with ignoring the court, it will undermine the ability of the bank to credibly perform its constitutional and statutory duties.
“Ensuring that all restrictions against direct disbursement of allocations from the Federation Account to the 774 councils will comply with the orders by the Supreme Court and stop states and the Federal Capital Territory from tampering with the allocations ahead of the 2027 general elections.
“The disbursement of the allocations meant for the 774 councils to states would be at the expense of poor Nigerians and continue to undermine the rights and well-being of those at the bottom of the economy and exacerbate the growing poverty in the country,” SERAP noted.
By Modupe Gbadeyanka
The Media and External Relations Lead of United Bank for Africa (UBA) Plc, Mr Abiodun Coker, has been crowned the Future Leader in Media Management.
He clinched this award at The Industry Summit/Awards held on Friday, May 2, 2025, in Lagos, with several persons from across all sectors in attendance.
Mr Coker’s recognition further cements his growing reputation as one of Nigeria’s most dynamic and future-ready communications leaders, with his eyes firmly set on redefining the media management landscape.
The award jury, chaired by Mr Tolulope Ogunjobi, a renowned broadcast business correspondent and Business Editor at TVC News, said Mr Coker was bestowed with the honour because of his exceptional achievements in the public relations field during the year 2024.
The team said one of them was his masterful handling of UBA’s 2024 rights issue, which successfully closed on December 24, 2024, and the impactful execution of the bank’s 75th Anniversary Campaign, both of which were described as commendable and exceptional.
According to the jury, his management of UBA’s media ecosystem during the year under review was remarkable, with several media professionals praising his public relations craftsmanship and ability to skilfully manage the image of one of Africa’s most formidable financial brands.
“Abiodun Coker’s achievements in 2024 are a beacon for greater accomplishments ahead. He is undoubtedly one of the strategic communication experts to watch in 2025,” the jury noted.
A seasoned professional, Mr Coker’s journey from an acclaimed financial journalist at BusinessDay Newspapers to a powerhouse in corporate communications has been nothing short of inspiring.
With over eight years of robust journalism experience, coupled with leadership roles at top-tier public relations firms such as BD Consult Ltd and Quadrant, he has consistently demonstrated his ability to transform and manage leading brands successfully.
Organized by The Industry Newspaper, the leading brand marketing publication in West Africa, the prestigious awards recognize outstanding professionals shaping the future of brand marketing and communications across the region.
By Adedapo Adesanya
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reiterated the federal government’s commitment to fostering a more enabling investment climate, anchored on macroeconomic stability, structural reform, and a clear pathway to inclusive prosperity.
He gave this assurance at a high-level private dinner, organized by Kuramo Capital Management Lagos as part of Africa Venture Capital Week.
The Minister lauded Kuramo Capital and its partners for their steadfast belief in Africa’s promise and highlighted the alignment between private capital and Nigeria’s renewed hope reform agenda.
According to a statement, participants recognized the vital role of blended finance and innovation in driving sustainable development.
The event brought together a distinguished group of global investors, development partners, and business leaders for a candid exchange on unlocking long-term capital for Africa’s growth and transformation.
It also marks Kuramo Capital’s first formal convening in Nigeria in several years, underscoring a renewed sense of commitment to deepening its strategic footprint across the continent.
Mr Edun said with this renewed commitment, the federal government is poised to unlock new opportunities for economic growth, investment, and inclusive prosperity.
He also called for more investment into the country, assuring participants that the right mechanisms are being put in place towards driving Nigeria’s development and improving the lives of its citizens.
-
Feature/OPED5 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years agoSort Codes of GTBank Branches in Nigeria
-
Economy2 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years agoFirst Bank Announces Planned Downtime
-
Sports2 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years agoHow To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN