News
Emefiele Now In DSS Custody For Investigation
The Department of State Services (DSS) has confirmed the arrest of suspended CBN Governor, Godwin Emefiele saying that he will be facing investigation.
The Public Relations Officer (PRO), Peter Afunanya, on Saturday confirmed the development saying:
“The Department of State Services (DSS) hereby confirms that Mr Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN) is now in its custody for some investigative reasons,” it said.
“The public, particularly the Media, is enjoined to apply utmost caution in the reportage and narratives concerning this.”
The revelation comes hours after the DSS refuted reports that Emefiele was in its custody.
Amid reports of the arrest widely shared online, Afunanya said in a terse statement on Saturday morning, “Currently, Emefiele is not with the DSS.”
Acting CBN Governor Appointed
The Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey in a statement on Friday, announced Emefiele’s suspension.
“President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This is a sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy,” the statement said.
“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.”
News
BREAKING: FG to Restore Cross River Littoral Status, Allocates 119 New Oil Wells Post-Bakassi
Similarly, it recommends 119 wells for Akwa Ibom State, 22 wells for Anambra State (to be shared among relevant parties), and 92 wells for Delta and Bayelsa States combined.
he Federal Government is preparing to restore Cross River State to its status as a littoral (coastal) state, more than two decades after the International Court of Justice (ICJ) ruled in 2002 in favor of Cameroon in the dispute over the Bakassi Peninsula.

The ruling and the subsequent Green Tree Agreement in 2006 led to the cession of Bakassi to Cameroon, resulting in Cross River losing its direct access to the open sea and its classification as a littoral state, along with associated oil derivation benefits.

A recent report from the Inter-Agency Technical Committee (IATC)—comprising representatives from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), National Boundary Commission (NBC), Office of the Surveyor-General of the Federation (OSGoF), and Nigerian Upstream Petroleum Regulatory Commission (NUPRC)—has recommended reverting to the pre-cession status quo for Cross River.

The committee, tasked with verifying coordinates of disputed oil and gas wells as well as newly drilled ones from 2017 through December 2025, conducted extensive fieldwork from September 2025 to January 2026 across affected states and offshore areas.

According to details exclusively obtained by ARISE News Channel, the IATC report not only advocates for Cross River’s restoration as a littoral state but also proposes allocating 119 new oil wells to the state. Similarly, it recommends 119 wells for Akwa Ibom State, 22 wells for Anambra State (to be shared among relevant parties), and 92 wells for Delta and Bayelsa States combined.
The committee has urged President to direct the RMAFC and other relevant agencies to implement these recommendations promptly. This follows petitions from several oil-producing states seeking clarity on ownership and revenue derivation from disputed and new wells, amid ongoing debates over maritime boundaries and the impact of the ICJ ruling on internal state entitlements.
The move could significantly boost revenue allocation for Cross River through the 13% derivation formula for oil-producing states, though it has sparked discussions and counter-claims, particularly from Akwa Ibom, which has historically maintained that Cross River lacks littoral status post-Bakassi cession. The plotting of verified coordinates is seen as a key step toward resolving these long-standing disputes transparently.
News
Fubara Sacks Commissioners , Special Advisers
In a statement last night, signed by Onwuka Nzeshi, Chief Press Secretary to the Governor of Rivers State, the Governor therefore directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.
Sir Siminalayi Fubara, Governor of Rivers State, has dissolved the State’s Executive Council.
In a statement last night, signed by Onwuka Nzeshi, Chief Press Secretary to the Governor of Rivers State, the Governor therefore directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.
Fubara further expresses his deepest appreciation to the outgoing members of the Executive Council wishing them the best in their future endeavours.
News
El-Rufai speaks on Abuja airport arrest attempts by security operatives
El -Rufai wrote.“Our country must outgrow executive overreach particularly involving opposition figures and former public office holders, and deliberate disregard for the rule of law
A former Kaduna State Governor, Nasir El-Rufai, has condemned what he described as an illegal attempt by security operatives to arrest him at the Nnamdi Azikiwe International Airport, Abuja, following his arrival from Cairo, Egypt.
El-Rufai made this known in a post on his verified X (formerly Twitter) handle on Thursday, where he accused authorities of executive overreach and disregard for the rule of law.
“My lawyers have issued a statement that condemns the illegal attempt to arrest me today at the Abuja airport upon my arrival from Cairo,” El-Rufai wrote.“Our country must outgrow executive overreach particularly involving opposition figures and former public office holders, and deliberate disregard for the rule of law,” he added.
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