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”.
News
BREAKING: Federal Government Secures Release of 100 Abducted Schoolchildren in Niger State
The Federal Government has successfully secured the release of 100 primary and secondary school pupils who were abducted by armed bandits from the Apostolic Faith Group of Schools in Kunnu, Kagara area of Niger State on Thursday, 4 December 2025.
The children – comprising 68 primary school pupils and 32 junior secondary students – were freed in the early hours of Sunday following sustained military and security operations coordinated by the Office of the National Security Adviser (ONSA) in collaboration with the Niger State Government and local community leaders.
A senior presidency source confirmed to journalists in Abuja that no ransom was paid for the release of the victims, describing the operation as “a decisive victory for the ongoing campaign against terrorism and banditry in the North-West and North-Central zones.
”The source added: “Through a combination of kinetic and non-kinetic measures, including intense pressure from ground troops of Operation Whirl Punch and intelligence-led engagements, the abductors were forced to release the children unharmed.
All 100 students have been accounted for and are currently undergoing medical checks and debriefing at a secure military facility in Minna.
”The students were kidnapped in a dawn raid on the mission school last Thursday when over 50 heavily armed gunmen stormed the premises, overpowered the guards, and herded the pupils into waiting vehicles before fleeing into the vast Kunnu forest spanning Niger and Kaduna states.
The incident had triggered widespread national outrage and renewed calls for decisive action against the escalating wave of school abductions in northern Nigeria.
Niger State Governor Mohammed Umaru Bago, who personally received the freed children alongside the Emir of Kagara, Alhaji Salihu Tanko, praised the Federal Government and security forces for their swift response.“I am overjoyed to see our children back alive and in good health.
This is a testament that when all tiers of government and our traditional institutions work together with the security agencies, we can defeat these criminals,” Governor Bago said.
Parents and relatives who had camped at the school premises since Thursday broke into jubilation as the first batch of the rescued pupils arrived under heavy military escort on Sunday afternoon.
The Apostolic Faith Church, which runs the school, issued a brief statement thanking President Bola Ahmed Tinubu, the armed forces, and all Nigerians for their prayers and support.
Mop-up operations are still ongoing in the forest to apprehend the fleeing abductors and prevent further attacks during the festive season.
This latest mass rescue comes barely two weeks after 28 students of the Federal College of Agriculture, Bakura, Zamfara State, regained freedom, bringing the total number of schoolchildren freed by security forces in the past one month to over 220.
The Federal Government has reiterated its zero-tolerance policy on ransom payments and vowed to sustain the current momentum until every abducted citizen is brought home safely.
International
BREAKING: Vice President Shettima Arrives in Abidjan for President Ouattara’s Fourth-Term Inauguration
Vice President Kashim Shettima has arrived in Abidjan, Côte d’Ivoire, to represent President Bola Ahmed Tinubu at the swearing-in ceremony of President Alassane Ouattara for his fourth term in office.
The inauguration is scheduled for Monday, 8 December 2025, at the Presidential Palace in Abidjan, where Senator Shettima will join other African heads of state, government leaders, and international dignitaries.
President Ouattara secured re-election in the 25 October 2025 presidential poll, extending his leadership of the West African nation, which enjoys long-standing and robust diplomatic ties with Nigeria.
Upon arrival at Félix-Houphouët-Boigny International Airport, Vice President Shettima was received by Côte d’Ivoire’s Prime Minister, Mr. Robert Mambe; Nigeria’s Chargé d’Affaires in Côte d’Ivoire, Mrs. Item Akpama; and other senior Ivorian and Nigerian officials.
The visit underscores Nigeria’s continued commitment to regional solidarity, democratic governance, and constitutional order in West Africa. It also highlights the strong bilateral partnership between Abuja and Abidjan, anchored on cooperation within ECOWAS and the African Union, the Nigeria-Côte d’Ivoire Bi-National Commission, and multiple sectoral agreements spanning security, trade, agriculture, anti-human trafficking efforts, and the digital economy.
A sizeable Nigerian community in Côte d’Ivoire continues to play a vital role in deepening people-to-people and commercial links between the two countries.Vice President Shettima is expected to return to Abuja immediately after the inauguration ceremony.
News
Army Freezes Officer Retirements Amid Security Emergency
The Nigerian Army has indefinitely suspended all statutory and voluntary retirements for hundreds of officers, citing the nationwide security emergency declared by President Bola Tinubu on November 26.
The directive, contained in an internal memo dated December 3 and signed by Maj. Gen. E. I. Okoro on behalf of the Chief of Army Staff, aims to preserve critical manpower and experience as the Armed Forces rapidly expand to tackle escalating insecurity.
November saw over 600 mass abductions, including more than 300 schoolchildren in Niger State, 38 worshippers in Kwara State, and 25 students in Kebbi State, among numerous others.
Invoking Paragraph 3.10(e) of the Harmonised Terms and Conditions of Service (Officers) 2024, the Army has halted retirements for officers who:
– Have reached the age ceiling for their rank
– Have completed 35 years of service
– Failed promotion examinations or conversion boards three times
– Were passed over for promotion three times.
Affected officers may apply to continue serving, but those granted extensions will be ineligible for further promotions, courses, secondments, or extra-regimental postings.
Commanders have been ordered to widely disseminate the policy, manage troop morale, and assure personnel that the suspension will be reviewed once the security situation stabilises.
The retirement freeze is the latest in a series of emergency measures following President Tinubu’s directive for the military, police, and intelligence agencies to significantly boost recruitment and deployment.
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