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CSOs Clear CBN of Corruption Allegations

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… Threatens to Sue US Based Organisation

A coalition of civil society groups, Conference of Harmonised Civil Society Organisations has said the allegations of corruption levelled against the Central Bank of Nigeria (CBN) and her officials by a US based group, Young Professionals Forum are mere fabrications and an attempt to demarket the Federal Republic of Nigeria.

Speaking on behalf of the CSOs at a press conference in Abuja, Rev Solomon Semaka, Convener, Save Nigeria Movement explained that investigation by the taskforce revealed that the petitioners made no efforts to get clarifications on issues from the CBN before making its allegations and sued for caution.

Recall that the CSOs had set up a taskforce headed by Rev Solomon Semaka of the Save Nigeria Movement following allegations of corruption against the apex bank and the Nigeria National Petroleum Corporation (NNPC) for illegal diversion of $24,263,008.56 by a US group, to investigate and come up with a report on the exact situation without fear or favour.

“In the cause of our findings, we discovered that all the allegations leveled against the Central Bank Of Nigeria were premeditated, concocted and represents an indisputable definition of wild speculation precipitated on blackmail , and a coordinated smear campaign against the CBN Governor and the institution.

“The Young Professional Forum has the right to fact check every information with the CBN using the freedom of Information Act (FOI). As Nigerians, to resort to blackmail, intimidation and smear campaign against the highest financial regulatory authority of our their country why sitting outside the shores of Nigeria is to say the least a very shameful and unpatriotic act”,. he taskforce maintained.

It further described as unfortunate the petition by the group saying it was unpatriotic for Nigerians to team up with enemies of the country outside to demarket the country and its institutions.

” What exactly is the motive of the organisation’s haste in writing to the US Congress Speaker even before writing to the Nigerian Parliament. Is this not simply to demarket the Nigerian state and ridicule the nation?

“On the allegations of the illegal diversion of $24,263,008.56 by CBN and NNPC, the task force maintained that no such fund ever existed let alone diverted.

“We wish to further enlightened the Nigerian public that the forex market as highlighted in those allegations was already been run by some individuals and organizations in line with CBN regulations before the assumption of duty of the current leadership. And the market value is well above ($800M).

“To therefore continue to drop the names of Alh Isa Funtua, Maman Daura, Nasir Danu, Lawan Daura, etc to paint a picture of an illegal cartel against the country is very shameful, despicable and unpatriotic, the task force maintained.

“To confirm that, the allegation of the award of thirty billion naira contract to Bullet Construction was emotional, light weight and of no effect. Firstly, Bullet construction can do jobs anywhere in Nigeria, including at the CBN. The company is very qualified and above all competent. Or does the group prefer foreign companies as always? Or should Nigerians suspect a sponsorship from a rival foreign company? This calls to question the credibility of the purpose and intent of the US based group against the CBN.

“We have resolved as the watchdog of the society to always hold governments accountable to communicate our findings to Nigerians and the US Congress just for record purposes. Our resolution 112 is to write to the US Congress to disregard the allegations against the CBN by the Young Professionals Forum in New York”.

The CSOs further urge the group and any other Nigerian who has issues with operations of any agency in the country to make use of nation’s anti corruption agencies such as EFCC and ICPC to get things done rather than resort to black market and short circuits formulas.

“By this, and in the interest of our national image, we here pass a vote of confidence on the CBN Leadership .

“We furthermore , give the group and her leader, Mr Jackson Ude (14 days) to retrieve those publications against the CBN and above all apologize to Nigerians or face legal action”, the group added.

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TCN Acknowledges 7th Grid Collapse in 2024

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The Transmission Company of Nigeria (TCN) has reported its seventh partial grid collapse in 2024. Despite the recurring issue, TCN’s General Manager of Public Affairs, Ndidi Mbah, reassured the public that efforts to restore power are well underway, with about 90% of substations receiving bulk power.

Mbah noted that the Azura Power Station initiated the grid recovery, although a minor setback occurred. However, power supply has been restored to the Abuja region and other key distribution centers. The Ibom Gas Generating Station remained unaffected, continuing to supply power to the South-South region.

An investigation into the cause of the collapse will commence once full grid restoration is achieved.

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Jigawa Tanker Tragedy: Shettima, First Lady Mourn Victims, Pledge Federal Support

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Vice President Kashim Shettima has expressed deep sorrow over the tragic tanker explosion in Jigawa State, which claimed over 100 lives. In a statement issued by his media aide, Stanley Nkwocha, Shettima, on behalf of President Bola Tinubu, extended condolences to the affected families, praying for strength and comfort in their time of grief.

Shettima assured the public that the federal government is mobilizing resources to support the injured and assist those affected. He has directed the immediate deployment of the National Emergency Management Agency (NEMA) to provide aid. The Vice President also stressed the need for a review of fuel transportation safety protocols to prevent future incidents.

In a separate statement, First Lady Oluremi Tinubu offered her condolences to Jigawa Governor Umar Namadi and the people of Jigawa, praying for peace and comfort for the families affected. She called the incident “unfortunate” and extended prayers for the recovery of the injured and the repose of the souls lost in the tragedy.

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Nigeria Customs Intercepts Arms, Ammunition Worth N9.5bn Over Six Years

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The Nigeria Customs Service (NCS) has revealed that it intercepted a total of 10,598 pieces of arms and 114,929 rounds of ammunition valued at N9.58 billion over the past six years. Comptroller General of Customs, Bashir Adewale Adeniyi, made this disclosure during a press conference on enforcement activities in Zone A.

Adeniyi highlighted that 60% of these seizures occurred in 2023, reflecting the Customs’ increased efforts to curb arms smuggling. He also mentioned that recent operations such as Operation Whirlwind and Operation Swift Sting are part of a strategic response to tackle evolving smuggling tactics.

In addition to arms seizures, the Customs CG announced the largest pangolin scale seizure since 2020, with 9,493 kg of scales confiscated in collaboration with the Wildlife Justice Commission. The joint operation led to four arrests across Kano, Kaduna, and Lagos. The NCS continues to intensify efforts against wildlife trafficking, targeting supply routes in northern Nigeria and border areas.

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