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Godwin Emefiele And The Not So Exclusive Audio Tapes

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3 years ago

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Nigeria, must we always kill our illustrious sons? It is a question that several persons of repute, including activist, had asked in the past and the question again took on relevance in recent days as the hyenas hemmed in what they thought was their prey and tried to snuff life out of his career. The intended dinner of the human hyenas was the Governor of the Central Bank, Mr Godwin Emefiele.

The hunting ground of choice was the web pages of Sahara Reporters, which went to town with the screamer, “CAUGHT ON TAPE: How Central Bank Governor Emefiele, Deputy Adamu And Top Officials Discussed How To Cover-Up N500bn Which They Stole From The CBN”. But it turned out the hyenas were not meant to have Emefiele for dinner, they went hungry. Contrary to the envisaged endgame, President Muhammadu Buhari handed him another five years in office. And who would not, considering the superlative outing he had in his first term? It must be this performance that made his confirmation by the Senate to be as fast as lightning.

Beyond being re-appointed and being expeditiously confirmed to continue leading Nigeria’s apex bank, it turned out that the report carried by Sahara Reporters was the usual hatchet job. The best the report was able to do was to twist a routine telephone conversation out of context to allege a theft that never took place while further exposing the shallowness of the folks behind the news blog and those who contracted them to do the hit job.

The story they put out has been spectacularly rubbished by the statement issued by Mr. Isaac Okoroafor, CBN’s Director of Corporate Communications. There is no need to rehash the explanation offered in that statement but suffice to say the statement exposed the lack of understanding on the part of those who thought they had caught Mr Emefiele in a compromised position worthy of breaking news and embarrassing enough to the government to not reappoint him. The reality, however, is that they only succeeded in convincing the rest of us how ignorant they are about the way reserve banks work.

There is the outside chance that these hyenas are not so ignorant; they know there is no substance in their claim but they were deluded to expect that Nigerians and their leaders are naïve to the point where they will rush to crucify Emefiele without first weighing the substance of the supposed allegations implied by leaking the tape.

Three things stand out in this ugly saga of a failed blackmail attempt. The first is that the recording points to the existence of deeply political operatives in all branches and agencies of government. Those who made the audio went to great length to procure their tainted produce

Whether they bugged or hacked the telephone sets in the CBN Governor’s office, compromise the internal switch at the apex bank, or deployed eavesdropping technology to intercept the calls, this is a red flag that public officials are now persistently under threat from political operatives that are out to garner information for their own end.

To the extent that Mr Emefiele’s telephone conversation was in pursuit of legitimate duty, as we now know, the perpetrators of this act have breached several of the laws of the land and their action can be likened to an attack on the country.

A second observation is that the kind of concern one can surmise from the CBN Governor’s discomfort and expressions in the course of the call showed a man that is passionate about getting his country out of an economic mess that took long in making. That people connected with the making of the mess are the ones now trying to make its resolution appear like a crime in progress is the height of travesty.

Mr Emefiele could have simply act indifferently and cited the approvals from the Ministry of Finance as a basis to be unconcerned. But true to his credential as a man that has done much to reduce and now on the verge of eradicating the famed black hole that swallows national resources at the CBN, the audio depicted him as greatly agitated about recovery of the funds that were released to bail out states that failed to be fiscally prudent to the point of becoming insolvent.

A note must be made of the fact that the irresponsible behaviour on the part of state governors, which led to this situation, was the hallmark of the governments that preceded that of President Buhari. State governors of now, even those that do not belong to the ruling party at the centre, have learned that there is no longer room for kleptocratic frivolity.

Furthermore, it is one thing to criminally breach the security of an institution as pivotal as the CBN, publishing the proceeds of that crime amounts to daring the state. It is like someone stealing clothes from a neighbourhood and then parading the streets dressed in the stolen items. Such arrogance comes from the erroneous impression that the state is incapable of visiting the requisite sanction on the offenders or that the criminal in this instance is above the law.

With these observations come the steps that must be taken to prevent blackmailers and criminals from arrogating legitimacy to themselves should they wrongly surmise that society condones their wrong-doings. It is, therefore, necessary to clearly define what constitutes desirable whistleblowing and what amounts to espionage against the interests of the Nigerian state.

A situation where Chief Executives of government agencies and other government functionaries are illegitimately wiretapped cannot be allowed to continue unabated. Today, it is Emefiele, what happens when these criminally minded people turn to bug the Inspector General of Police and his key staff while making the recordings available to bandits and kidnappers? Or how much of this wiretapping have been deployed for insider trading or machination towards the collapse of the banks regulated by the CBN?

Also, the government must make it a priority to get to the bottom of this breach at the CBN. The breach and other actions carried out in its aftermath should be subjected to review by the office of the Attorney General of the Federation such that those found culpable – individual or corporate – would be made to face the law, of which there are adequate provisions.

This piece will conclude on the note of urging Mr Emefiele not to be daunted by the antics of those that feel pained that the CBN is no longer the ATM pool for corruption because of the reforms he has instituted there. Nigerians, who are his actual employers, are happy with his work, which made them greet his re-appointment with accolades. It’s the views of these employers that matter and not the perverted indulgence of a criminal few.

The Capital

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Society

Court Dismisses Businessman, Funtua’s Suit Seeking To Stop EFCC’s Probe Over Alleged Fraud

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10 hours ago

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March 6, 2025

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A Federal High Court in Abuja and presided over by Justice Emeka Nwite has thrown out a suit seeking to compel the Attorney General of the Federation and Minister of Justice, AGF, Mr Lateef Fagbemi, SAN, to stop the Economic and Financial Crimes Commission, EFCC, from investigating allegations of fraud and economic crimes allegedly committed by a businessman, Abu Samaila Isa Funtua.

The presiding judge dismissed the case on Monday, February 24, 2025 on the ground that the request of the businessman lacked merit and substance.

 

Delivering judgment in a fundamental rights enforcement suit against AGF and EFCC, Justice Nwite held that AGF has enormous power to take over proceedings in criminal matters but held that such enormous powers are not at large.

Justice Nwite said that under Section 43 of EFCC Act 2004, the anti-graft agency was not under any obligation to take advice from any ministry or agency to drop its statutory powers to initiate investigation into any alleged economic crimes.

The businessman had in his suit marked FHC/ABJ/CS/2024 sued the AGF and EFCC complaining of unlawful investigation into some business transactions involving him and others.

He alleged that EFCC was biased and mischievous in the ways and manners he was being investigated.

Specifically, Funtua alleged that EFCC was acting the script of his business adversaries to cause investigation against him without telling him the nature of his offence or show any petition against him.

Funtua subsequently asked Justice Nwite to issue an order of mandamus against the AGF to order EFCC to drop the investigation and direct any other security agency of the federal government to take over the investigation.

However, in his judgment, Justice Nwite held that Section 174 (3) of the 1999 Constitution upon which the case was predicated did not confer any power on the AGF to nominate any agency to conduct investigation into economic crimes or financial breaches.

The judge held that in the exercise of its statutory duties, the EFCC was not under any obligation to obey directives from any ministry or government department.

Justice Nwite said that Section 43 of the EFCC Act 2004, has no ambiguity to the fact that the anti-graft agency shall have powers to initiate investigation into alleged economic crimes and initiate prosecution of those indicted in the process.

He subsequently dismissed the suit for want of merit and substance.

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Society

Just In: Senate Suspends Kogi Central Senator For 6 Months Over Misconduct

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13 hours ago

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March 6, 2025

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The Senate has suspended Senator Natasha Akpoti-Uduaghan, who represents Kogi Central, for six months, effective March 6, 2025, over alleged misconduct and violation of Senate rules 2023 (as amended).

Society Reporters reports that the controversy leading to her suspension dated back to February when a dispute over seating arrangements in the Senate chamber escalated into a confrontation between Senator Akpoti-Uduaghan and Senate President Godswill Akpabio. The disagreement has since evolved into allegations of misconduct, raising concerns about decorum within the legislative body. However, Akpabio denied any wrongdoing, stating on Wednesday that he had “never harassed or disrespected any woman.”

During Thursday’s plenary, the Senate Committee on Ethics, Code of Conduct, and Public Petitions, chaired by Senator Neda Imasuen, presented its findings, making seven recommendations. According to the committee, Akpoti-Uduaghan failed to adhere to Senate rules and also disregarded the committee by refusing to honour its invitation.

Reading the committee’s recommendations, Senator Imasuen stated, “One, that the Senate do suspend Senator Natasha Akpoti-Uduaghan for six months for her total violation of Senate standing rules, bringing the presiding officer and the entire Senate to public opprobrium.

“Two, that for the Senate to consider lifting or reducing the duration of the suspension, Senator Natasha Uduaghan shall submit a written apology to the Senate before reconsideration.

“Three, that the Senate suspend Natasha Akpoti-Uduaghan with effect from March 6, 2025, from all legislative activities.

“Four, that her office be locked up for the duration of her suspension and that she hand over all Senate properties in her possession to the Clerk of the National Assembly.

“Five, that for the duration of her suspension, she must not be seen within the vicinity of the Senate or the National Assembly, including her staff.

“Six, that her salaries and allowances, including those of her legislative aides, be suspended, and that all security details assigned to her be withdrawn for the period of her suspension.

“Seven, that during her suspension, she be barred from representing herself locally and internationally as a Senator of the Federal Republic of Nigeria.”

Senator Imasuen expressed the committee’s appreciation for the opportunity to serve, stating, “On behalf of the Senate Committee on Ethics, Code of Conduct, and Public Petitions, we appreciate the President and our distinguished colleagues for the opportunity granted upon us to serve Nigerians through this committee. Respectfully submitted for consideration and approval. Thank you, Mr. President, distinguished colleagues.”

After a lengthy debate on the report by Senators, all the recommendations were adopted by the Senators through a voice vote with a slight amendment to the 6th recommendation, allowing Senator Natasha’s aides to receive their salaries and allowances in order not to suffer unduly.

Society Reporters reports that all the Senators who spoke expressed their support for the outcome of the investigation.

Meanwhile, after the adoption of the report, Senator Natasha briefly interrupted the proceedings, saying the injustice against her won’t be sustained. She was thereafter escorted out of the chamber.

 

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Society

Coronation: Alaafin-designate, Oba Akeem Owoade returns from Canada, arrives Oyo today

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16 hours ago

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March 6, 2025

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After spending about seven weeks in Canada, the Alaafin of Oyo-designate, Oba Akeem Owoade, arrived at Murtala Mohammed Airport, Ikeja, on Wednesday evening.

He is expected to make his way to his hometown, Oyo, today (Thursday).

Owoade’s return comes just a month before his official coronation as the 45th Alaafin of Oyo, scheduled for April 5.

On January 13, the Oyo State Governor, Seyi Makinde, presented Owoade with his certificate and staff of office at the Governor’s Office, State Secretariat, Ibadan.

At the event, Governor Makinde announced that the coronation of the new Alaafin would take place within four weeks.

As the countdown to the coronation began, The PUNCH exclusively reported that Owoade had left Nigeria just hours after receiving his staff of office, travelling back to Canada, his base.

The PUNCH then reported that Owoade had yet to begin the traditional rites before leaving for Canada where he had to officially resign from his workplaces and engagements.

Owoade is based in Canada as a real estate investor, and financial services businessman, and is the Project Coordinator at one of the largest electric power and natural gas utility providers in Canada, Manitoba Hydro.

Confirming his return, the Chief of Staff to the Alaafin-designate, Rotimi Osuntola, urged Oyo indigenes to turn out in large numbers to welcome their new king.

“He arrived safely in Nigeria on Wednesday evening. Alaafin will be in Oyo town by noon on Thursday (today) and looks forward to seeing the people of Oyo come out en masse to receive him,” Osuntola said.

Stakeholders in Oyo town also confirmed receiving news of the monarch’s arrival.

Some noted that they would travel to Ibadan, the Oyo State capital, to welcome him and accompany his entourage to ensure his grand entry into Oyo today.

In the coming days, Owoade will commence traditional rites leading up to his April 5 coronation.

The Alaafin-designate is to perform certain enthronement rites at the Baba Iyaji residence, Ona Isokun, Ilemole, Bara before he proceeds to the Koso chamber accompanied by his chiefs and priests.

Documents relating to the Alaafin installation indicate that the divinely selected candidate goes to Ipebi for traditional rites and is installed as the new king after the completion of all the traditional rites.

The Ipebi (seclusion) ritual involves several individuals and groups playing key roles in guaranteeing the spiritual well-being and authority of the Alaafin.

Among them is the Oluawo (Ifa priest) who serves as the spiritual guide and advisor to the Alaafin through the Ipebi ritual.

The Oyo Mesi, priests and priestesses also play roles in offering prayers, performing sacrifices and providing spiritual support.

In the Koso chamber, the Alaafin-elect will be crowned with his royal headdress, symbolising his renewed spiritual authority.

He also would perform additional rituals and make offerings to the Orishas and his ancestors solidifying his connection with the divine.

Meanwhile, both the state and local organising committees have intensified preparations for the April 5 coronation.

These preparations continue despite ongoing legal challenges to Owoade’s emergence as Alaafin.

One of the lawsuits was filed by Prince Lukman Gbadegesin, a contender for the throne, who argues that Owoade’s appointment violates the Chiefs Law of Oyo State, 2000, and the Registered Alaafin Chieftaincy Declaration of 1961.

Filed on February 12, Gbadegesin’s suit seeks to nullify Owoade’s appointment and prevent him from assuming the throne or performing any royal duties.

The lawsuit names Governor Seyi Makinde, the Attorney General of Oyo State, and 11 others as defendants.

Similarly, another Oyo prince and former aspirant to the Alaafin throne, Ismaila Owoade, has filed a separate lawsuit against Governor Makinde and 19 others.

His suit challenges his exclusion from the selection process, which he claims was abruptly truncated with the appointment of Prince Abimbola Owoade.

 

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