News
Dispute stalls Federal Govt, Emefiele plea bargain talks
The suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele and other top officials of the bank held by the Department of State Service (DSS), may face trial, this is according to the Nation newspaper.
This follows the stalling of the plea bargain move between the Federal Government and the embattled apex bank boss.
The Nation newspaper reported that Emefiele and the affected officials of the apex bank have “not made substantial concessions on some refunds expected from them, while sources said trillions of Naira were being tracked by a federal agency but only a few billions of naira was offered as refundable by some of those linked to the suspicious transactions.
It was gathered that some interceding forces and Emefiele have not made progress on the plea bargain terms.
Despite Emefiele’s offer to step aside in August, the other aspects of plea bargain process were “not substantially met.”
It has also been confirmed that the four deputy governors were dropped because of their alleged complacency when Emefiele was in the saddle at the apex bank.
It was learnt that the Presidency was shocked by the “massive scale of fraud and flagrant violations of the CBN Act,”.
It was also learnt that following interventions, the government’s investigation, initially coordinated by a security agency, had recommended plea bargain option with Emefiele, who wanted it.
Apart from Emefiele offering to step aside, other terms were the withdrawal of court cases against the government and the refund of substantial cash allegedly linked to him and others.
But there were strong indications that the plea bargain option may have suffered a setback.
“The engagement of the Special Investigator has also uncovered more mismanagement of resources and questionable expenditures in CBN than what some security agencies dug up.
A source within the Presidency, said the CBN was stinking. He declined to volunteer information on the plea bargain dimension.
The source said the government might prosecute anyone indicted.
He said: “I don’t know whether plea bargain has collapsed or not. I don’t even know if that is on the table to start with. But I know the CBN Governor and the Deputies have been removed.
“The investigations across board are going on and Iam sure the govt will prosecute anyone who has compromised the country.”
Investigation confirmed that the four deputy governors were replaced because of their alleged complacency.
The Presidency source said none of the deputy governors complained when Emefiele was allegedly mismanaging the CBN.
“Most of the DGs “actively collaborated with Emefiele on policies and decisions not in line with the CBN’s mandate,” he said.
Those affected were Folashodun Adebisi Shonubi (Deputy Gov Operations and Acting Governor); Aisha Ahmad (Deputy Governor, Financial System Stability): Adamu Lamtek (Deputy Gov Corporate Services) and Kingsley Obiora (Deputy Governor, Economic Policy).
The source added: “Investigation is still ongoing. The special investigator sure uncovered a lot of rots which implicated the Deputy Governors.
“There is no way the Deputy Governors would have remained with the scale of corruption, poor corporate governance and complacency that happened under Emefiele.
“Allowing them to remain will mean the government has condoned all that went down under their watch.”
Source: The Nation Newspaper
News
President Tinubu to NEC: You’re too Slow on Livestock Reforms
Tinubu asked Vice President Kashim Shettima to get the National Economic Council to identify grazing reserves that can be rehabilitated into ranches or livestock settlements.
President Bola Tinubu during today’s Federal Executive Council meeting, expressed frustration with the National Economic Council’s slow pace on livestock reforms and urging members (Governors) to carry out their constitutional responsibility.
Emphasising on the livestock reforms, he insisted that the NEC must revive grazing reserves or ranches across the country.
Tinubu asked Vice President Kashim Shettima to get the National Economic Council to identify grazing reserves that can be rehabilitated into ranches or livestock settlements.
He said that conflict prone areas should be converted into opportunities for economic development and long-term prosperity.
Regarding the withdrawal of VIP police escorts , President Tinubu directed ministers and other VIPs who still require security cover for their official assignments to route such requests through the inspector-general of police and obtain his personal clearance.
He asked the minister of interior to work with the IGP and the civil defence corps to replace police officers currently deployed on special duties.
He also instructed the NSA and the DSS to set up a committee to review existing security arrangements, noting that the country faces persistent threats from kidnapping and terrorism and must maximise all available security assets.
News
Double Voices As Senate Seeks Exemption from Withdrawal of VIP Police Escorts
The push for possible exemption for Senators followed a Point of Order by Senator, Abdul Ningi, (PDP, Bauchi Central), who lamented the withdrawal of his lone police orderly in compliance with the directive of the President
The Nigerian Senate has expressed serious concerns over the withdrawal of Police orderlies attached to senators, worried that the move could expose members to unnecessary danger.
Worried about the situation, Deputy President of the Senate , Barau Jibrin disclosed that the leadership of the Senate held an emergency meeting on the issue on Tuesday, with the hope of positive feedback as it seeks to secure
exemption for lawmakers from the Presidential directive.
President Bola Tinubu had on the 23rd of November issued a stern directive calling for the withdrawal of Police officers attached to “Very Important Persons”, VIPs in the country to make available more hands to tackle Nigeria’s internal security challenges.
About 11, 000 police officers are currently engaged on such assignments across the country.
The push for possible exemption for Senators followed a Point of Order by Senator, Abdul Ningi, (PDP, Bauchi Central), who lamented the withdrawal of his lone police orderly in compliance with the directive of the President.
Ningi said while he has no issues with the withdrawal , he expressed disappointment at the manner the directive of the President is being flouted and called for a strict compliance with the directive starting from the Presidency, the Office of the Vice President , and Federal Ministers.
The Bauchi Senator said while his own police orderly has been withdrawn, he continues to see some businessmen including Chinese citizens and celebrity singers being escorted by contingents of police officers in brazen disregard to the directive of the President.
Based on the revelations by Senator Ningi, the Senate mandated its Committee on Police Affairs to immediately conduct a thorough investigation into the alleged disregard of the President’s directive .
The Committee has 4 weeks to complete the assignment and revert to senate at plenary.
News
Soyinka faults over military protection of politicians family
According to him, about 15 heavily armed officers formed the president’s son’s security cordon—an arrangement he found alarming.
Nobel laureate, Prof Wole Soyinka, has criticised what he described as the excessive deployment of security operatives around the families of people in the governments.
Soyinka, during the 20th Wole Soyinka Centre for Investigative Journalism (WSCIJ) Awards in Lagos, recounted his recent encounter with what he termed a “battalion-level” security detail attached to the president’s son (Seyi Tinubu) at a hotel in Ikoyi, the previous day.
Soyinka said that he was overwhelmed by the sheer number of heavily armed personnel he saw attached to the president’s son :
“I was coming out of my hotel, and I saw what looked like a film set.
“A young man detached himself from the actors, came over and greeted me politely. When I asked if they were shooting a film, he said no. I looked around and there was nearly a whole battalion occupying the hotel, ” said Soyinka.
According to him, about 15 heavily armed officers formed the president’s son’s security cordon—an arrangement he found alarming.
“When I got back in my car and asked the driver who the young man was, he told me. And I saw this SWAT team, heavily armed to the teeth. They looked sufficient to take over a neighbouring small country or city like Benin,” he said.
He emphasised that while heads of state often have families, such privilege must never be abused or allowed to distort national security structures.
“Children should know their place. They are not potentates; they are not heads of state.
“The security architecture of a nation suffers when we see such heavy devotion of security to one young individual,” he said.
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