News
BREAKING: CBN Governor, Emefiele Suspended by Tinubu
President Bola Tinubu has suspended Godwin Emefiele as the Central Bank of Nigeria (CBN) governor.
“President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect,” the Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey said in a Friday statement.
“This is a sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.
“Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate) [Folashodun Adebisi Shonubi], who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.”
The development is coming less than two weeks after President Tinubu assumed office and months after the CBN’s heavily-criticized naira swap.
Former President Muhammadu Buhari’s government introduced new bank notes late last year, arguing it would help tackle vote-buying, insecurity and fight inflation among others.
But weeks before the polls, the country was hit with a cash crunch as the CBN withdrew the old notes. The development drew criticisms from top personalities.
Some state governors even took the matter to court with Tinubu faulting the implementation of the policy.
As the then-presidential candidate of the ruling All Progressives Congress (APC), Tinubu asked the CBN to allow both old and new notes to coexist.
Tinubu said, he was “only concerned about its disruptive implementation and the hardship it has brought on the generality of our people who currently can’t access their hard-earned money to meet obligations and the attendant consequences on the informal sector, where the majority operate”.
In the lead-up to the presidential election, his campaign team claimed the move was targeted at Tinubu.
During his inauguration, President Tinubu did not mince words about the naira swap policy and promised to review it.
He maintained that it “was too harshly applied by the CBN given the number of unbanked Nigerians.
“The policy shall be reviewed. In the meantime, my administration will treat both currencies as legal tender”.
The Kaduna State Police Command has revealed the identity of the man who caused panic after charging towards President Bola Tinubu during his visit to the state.
According to the police, the suspect has been identified as Umar Mohammed, a resident of Anguwan Muazu in Kaduna.
The incident happened during the commissioning of a 300-bed specialist hospital in Millennium City.
As President Tinubu was addressing the audience, Mohammed suddenly broke through the crowd and rushed toward him, triggering a swift response from security operatives.
The moment left Tinubu visibly shocked, as seen in a widely shared video showing his startled reaction and the confusion among his security team.
Police later disclosed that the man has a mental health condition he has lived with since birth.
They described his actions as unplanned and driven by excitement, adding that he was unarmed and posed no real threat after being restrained.
Despite the scare, the event continued as planned.
Governor Uba Sani led the inauguration of the hospital, which is expected to boost healthcare access in Kaduna.
Video credit: TVC (Twitter)
News
Hardship: Govs Agree to Dismantle Illegal Road Blocks, Multiple Taxes
The communique was signed by NGF Chairman and Governor of Kwara State, AbdulRahman AbdulRazaq.
Governors of the 36 states of the federation have agreed to dismantle illegal road blocks and multiple taxes across the country.
They made the resolution after a meeting of the Nigeria Governors’ Forum (NGF) in Abuja, which ended early Thursday.
The governor of Lagos State, Babajide Sanwo-Olu, who read the communique at the end of the meeting, said that the governors resolved to dismantle illegal road blocks and multiple taxes, which they said contributed to food inflation in the country.
The communique was signed by NGF Chairman and Governor of Kwara State, AbdulRahman AbdulRazaq.
(ThisDay)
News
TCN Records 42 Incidents of Transmission Lines Vandalisms Within Seven Months
The major effect of the vandalism is the disruption of power supply across the Nigeria Electricity Supply Industry, as the generated power from the generation station could not be wheeled to the distribution ends.
The Transmission Company of Nigeria (TCN) recorded 42 vandalism incidents on its infrastructures between January to June 2025 and which affected a total of 178 transmission towers nationwide.
The General Manager of Transmission Service at TCN, Mr Ali Sharifa, who made this known yesterday in Keffi, Nasarawa State, lamented that 2024 and 2025 have been the most trying times for TCN concerning vandalism of its transmission line infrastructure by non-state actors.
“A total of 86 towers were vandalized in 2024, with 26 towers completely down, which left affected states in total darkness. While in the first and second quarters of 2025, a total of 42 acts of vandalism were recorded affecting a total of 178 towers,” he said.
He emphasized that the major effect of the vandalism is the disruption of power supply across the Nigeria Electricity Supply Industry, as the generated power from the generation station could not be wheeled to the distribution ends.
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