Partner, Bloomfield Law Practice, Dr Ayodele Oni, has said the plan to domicile crude oil sales account with Central Bank of Nigeria (CBN) will help in promoting accountability and transparency. Oni made the observation in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos....
CBN Governor
The Senate, through its committee on Banking, Insurance and other Financial Institutions has summoned the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso to appear before it on Tuesday. He is to explain the state of the economy and free flow of Naira at the forex market...
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) has scheduled the first Monetary Policy Committee (MPC) meeting, under the tenure of Mr Olayemi Cardoso as governor, for Feb. 26 and Feb. 27. The CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali disclosed this in a...
The Economic and financial Crimes Commission (EFCC) on Thursday filed an amended 20-count charge against the suspended governor of Central Bank of Nigeria (CBN), Godwin Emefiele in an FCT High Court. EFCC dragged Emefiele to court earlier on six counts bordering on alleged breach of procurement procedure in...
By EMMANUEL KUJE, Abuja – Former Secretary to the Government of the Federation (SGF), Mr Boss Mustapha has dismissed as false a document alleging his involvement in an illegal withdrawal of 6.3 million dollars from the Central Bank of Nigeria (CBN). Mr. Mustapha, who debunked the allegations in...
The Central Bank of Nigeria (CBN) has lifted the ban it imposed two years ago on cryptocurrency transactions in the Nigerian banking system. The CBN announced the reversal of the policy in a circular by Haruna Mustapha, its Director, Financial Policy and Regulation. Mustapha said that the apex...
Former Governor of the Central Bank of Nigeria (CBN), Khalifa Muhammadu Sanusi II, has called for a proper audit of the Nigerian National Petroleum Company Limited (NNPCL), noting that this call was what cost him his job at the apex bank. Sanusi made this known while delivering his remarks...
In spite of expectations by stakeholders, the Central Bank of Nigeria (CBN) have shelved its bi-monthly Monetary Policy Committee (MPC) meeting for the second time. The meeting, expected to hold on Nov..20 and Nov. 21, would have been the first to be presided over by Mr Yemi Cardoso...
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of Naira notes in the economy. Recall that some bank customers in recent times have been complaining about scarcity of Naira notes at the counters, Automated...
The Senate confirmed the appointment of Dr Olayemi Cardoso as the Governor of the CBN on Tuesday. It also confirmed the nomination of Mrs Emem Usoro, Mr Muhammad Dattijo, Mr Philip Ikeazor and Dr Bala Bello as the bank’s deputy governors. Their confirmation followed the consideration and approval...
Justice Hamza Muazu of the Federal Capital Territory High Court in Abuja has dismissed a request filed by the Department of State Services (DSS) seeking a 14-day extended detention order for the suspended Central Bank Governor, Mr. Godwin Emefiele. The DSS based its application on purported new...
The Nigerian Bar Association (NBA) on Wednesday, described as despicable, the July 25 altercation between the Department of State Security Service and officials of Nigeria Correctional Service (NCoS) before a Federal High Court Lagos. NBA President, Mr Yakubu Maikyau (SAN) has consequently called for disciplinary measures of officers involved...
There are indications that the Department of State Services has re-arrested former governor of Central Bank of Nigeria (CBN), Godwin Emefiele shortly after he was granted bail by a Federal High Court in Lagos. The News Agency of Nigeria (NAN) reports that Emefiele was charged by the office...
A group known as the Coalition of Nigerian Civil Society on Tuesday prayed a Federal High Court to allow it hold a watching brief in the arraignment of immediate past Governor of Central Bank of Nigeria Godwin Emefiele charged with illegal possession of firearms. The group represented by...
The suspended Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday pleaded not guilty before a Federal High Court Lagos, to a charge of illegal possession of firearms. The Department of State Services (DSS) charged him with two counts bordering on alleged possession of firearms. In the...
No fewer than 60 legal practitioners on Monday, approached a High Court of the Federal Capital Territory to begin committal proceedings against the Department of State Services (DSS). The lawyers said the suit was hinged on what they described as violation of multiple judgments and orders of court directing...
Another Abuja High Court has voided the arrest and detention of the Suspended Central Bank Governor, Mister Godwin Emefiele, by the Department of State Services. Delivering Judgement, Justice Bello Kawu held that the arrest, detention and interrogation of Mister Emefiele, is in violation of the subsisting judgment and orders...
President Bola Tinubu has opened up on his decision to suspend the governor of the Central Bank of Nigeria CBN, Mr Godwin Emefiele, from office. Recall that two weeks ago, Emefiele was suspended and subsequently arrested by the Department of State Services (DSS) in whose custody he has been...
An FCT High court on Tuesday fixed ruling in the enforcement of fundamental rights suit filed by the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to July 13. Justice Hamza Muazu fixed the date after listening to submissions made by parties in the matter. In...
By JOY ADARA, Abuja – The Department of State Services (DSS) says it has identified persons and groups planning to stage campaigns of calumny against it and the Government over the suspension and investigation of Mr Godwin Emefiele. The DSS spokesman, Dr Peter Afunanya, stated this in a statement...