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
The Vice President, Kashim Shettima, has arrived in Kebbi State to meet with the state government officials and families of schoolgirls abducted from Government Girls Secondary School, Maga.
The aircraft carrying Shettima landed at the Sir Ahmadu Bello International Airport in Birnin Kebbi.Shettima was accompanied by Director General of the National Emergency Management Agency, NEMA, Zubaida Umar, and other government officials.
Shettima, who had earlier departed Abuja for Kebbi on the directive of President Bola Tinubu, is expected to convey Tinubu’s message to the people of the state, as well as receive a briefing on the situation for onward communication to the President.
Ohibaba.com recalls that the attack on the Kebbi school claimed the life of the school’s Vice Principal, Malam Hassan Makuku, who was reportedly killed while trying to prevent the bandits from taking the girls away.
Meanwhile, the police said on Monday that a combined tactical team was deployed to comb the forests in a bid to rescue the girls.
President Bola Tinubu has condemned the attack and commiserated with the families of those affected.
He also postponed his scheduled trips to Johannesburg in South Africa and Luanda, Angola, to attend the 20th G20 Summit of leaders and the 7th AU-EU Summit, respectively.
President Bola Tinubu has postponed his scheduled trip to South Africa for the G20 Leaders’ Summit as he awaits further security briefings from Vice President Kashim Shettima on the kidnapped Kebbi schoolgirls and the attack on Christ Apostolic Church worshippers in Eruku, Kwara State.
Tinubu also ordered the deployment of more security personnel “to Eruku and the entire Ekiti Local Government Area of the state, and directed the police to go after the bandits who attacked worshippers,” a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, revealed on Wednesday.
The directive was “in response to the request by the governor of Kwara State,” Onanuga stated.
Officials close to the President had told our correspondent that Tinubu intends to receive first-hand reports on the situation in Kebbi, including the outcome of meetings with local leaders, before embarking on his trip.
Tinubu was scheduled to leave Abuja today to attend the 20th G20 Summit of leaders in South Africa and thereafter proceed to Luanda to attend the 7th AU-EU Summit.
“Disturbed by the security breaches in Kebbi State and Monday’s attack by bandits against worshippers at Christ Apostolic Church, Eruku, President Tinubu decided to suspend his departure.“
He now awaits reports from Vice President Kashim Shettima, who paid a sympathy visit to Kebbi on his behalf, as well as reports from the police and the Department of State Services regarding the attack in Kwara,” Onanuga explained.
The President reiterated his directive to the security agencies to “do everything possible to rescue the 24 schoolgirls, abducted by the bandits and bring the girls back home, safe.
”On Tuesday night, Tinubu had directed Vice President Kashim Shettima to visit Kebbi State on Wednesday over the abduction of 25 students of Government Girls Comprehensive Secondary School, Maga, Kebbi State, and the killing of the school’s Vice-Principal.
The President, who had been briefed by the military authorities “expressed sadness over the abduction of the schoolgirls, despite intelligence warnings of a possible strike by the bandits.
The Zuru Emirate in Kebbi State was thrown into panic in the early hours of Monday after armed bandits attacked Government Girls Comprehensive Senior Secondary School, Maga in Danko/Wasagu Local Government Area and killed the Vice Principal and abducted at least 25 students.
While assuring the guardians of the kidnapped schoolgirls that the government will ensure their quick release, Tinubu also commiserated with the military over the death of the gallant soldiers and Brigadier General Musa Uba, who paid the ultimate price while on active duty fighting insurgents in Borno state.
News
President Tinubu Postpones Trip to G20 Summit Because of Country’s Insecurity
Disturbed by the security breaches in Kebbi State and Monday’s attack by bandits against worshippers at Christ Apostolic Church, Eruku, President Tinubu decided to suspend his departure.
President Bola Ahmed Tinubu has postponed his scheduled trip to Johannesburg, South Africa and Luanda, Angola, as he awaits further security briefings on the kidnapped Kebbi schoolgirls and the attack on Christ Apostolic Church worshippers in Eruku, Kwara State.
In response to the request by the governor of Kwara State, President Tinubu has ordered the deployment of more security men to Eruku and the entire Ekiti Local Government Area of the state, and directed the police to go after the bandits who attacked worshippers.
President Tinubu was scheduled to leave Abuja today to attend the 20th G20 Summit of leaders in South Africa and thereafter proceed to Luanda to attend the 7th AU-EU Summit.
Disturbed by the security breaches in Kebbi State and Monday’s attack by bandits against worshippers at Christ Apostolic Church, Eruku, President Tinubu decided to suspend his departure.
He now awaits reports from Vice President Kashim Shettima, who paid a sympathy visit to Kebbi on his behalf, as well as reports from the police and the Department of State Services regarding the attack in Kwara.
President Tinubu reiterates his directive to the security agencies to do everything possible to rescue the 24 schoolgirls, abducted by the bandits and bring the girls back home, safe.
Bayo OnanugaSpecial Adviser to the President(Information and Strategy)November 19, 2025
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