EKO HOT BLOG reports that Chairman of UBA Group and Heirs Holdings, Tony Elumelu has dismissed reports alleging that President Bola Tinubu is considering him as the substantive governor of the Central Bank of Nigeria (CBN). This is coming after a supporter of former President Muhammadu Buhari, Imran Muhammad, via a post on the microblogging … Read more
EKO HOT BLOG reports that the Network Against Corruption and Trafficking Foundation (NACAT) has sued the Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, and the Deputy Governor, Edward Adamu, over their alleged refusal to declare their assets. The lawsuit was filed in a Federal High Court in Abuja. The Chairman of … Read more
EKO HOT BLOG reports that more details have been revealed on what necessitated the decision of the embattled suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to opt for a plea bargain in the alleged N6.69 billion fraud case instituted against him. Recall that this online media platform had earlier reported that … Read more
Eko Hot Blog reports that the Bureau De Change (BDC) on Saturday kicked as the Central Bank of Nigeria (CBN) announced the operational mechanism for its segment of the market to trade foreign currencies in the country. The Apex Bank had directed all BDCs operators in the country and the general public to trade foreign … Read more
EKO HOT BLOG reports that a staff of the Central Bank of Nigeria (CBN), Sa’adatu Yaro, has lost a fundamental human rights suit filed against the Department of State Services (DSS). This online media platform gathered that a Federal Capital Territory High Court on Friday dismissed the case filed against the secret police. EDITOR’S PICKS … Read more
Eko Hot Blog reports that the Department of State Security Service has arrested Abbas Umar Masanawa, the chief executive officer of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, for his alleged role in the ongoing corruption probe of ousted CBN chief Godwin Emefiele. Informed DSS insiders said Mr Masanawa was taken into custody … Read more
Eko Hot Blog reports that the Nigerian National Petroleum Corporation Limited (NNPCL) says it has secured a $3 billion crude repayment loan to support the naira and stabilise the foreign exchange (Forex) market. The corporation made the disclosure in a terse statement posted on the official account of the company on X (formerly known as … Read more
Eko Hot Blog reports that the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele and his associates are set to be arraigned by the Federal Government for N6.9 billion procurement fraud. Emefiele will be arraigned on Thursday at the Federal Capital Territory High Court, Maitama, Abuja. The case is for arraignment and mention. Emefiele … Read more
Eko Hot Blog reports that a high Court of the Federal Capital Territory (FCT) has restrained the State Security Service (SSS) and its agents from apprehending two siblings of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The court vacation judge, Justice E. Okpe, issued the restraining orders in two rulings … Read more
Eko Hot Blog reports that the federal government has filed 20 fresh charges against the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. The charges were filed at the Federal Capital Territory (FCT) High Court on Tuesday. According to report, one of the counts accuses Emefiele of “conferring unlawful advantages”. Details later… Click To … Read more
Eko Hot Blog reports that the Federal Government of Nigeria has made an oral application before Justice Nicholas Oweibo to withdraw the charge against suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. According to report, the government’s decision is informed by emerging facts and circumstances of the case which requires closer investigation. Details Later……. … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has threatened to sanction banks caught engaging in illegal forex sales. The acting Chairman of the apex bank, Folashodun Shonubi disclosed that plans are underway to form a commission to handle such issues. Editors Pick JUST IN: Tobi Amusan Not Cleared Of Doping – … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) spent N3.2 trillion on dubious “other operating expenses” during former President Muhammadu Buhari’s eight-year regime, a financial statement released by the apex bank showed. The financial statement published this week and the first of its kind since 2015, said CBN filed over N3.2 trillion … Read more
Eko Hot Blog reports that President Bola Tinubu has revealed the motive behind a comprehensive forensic audit of the Central Bank of Nigeria (CBN). Tinubu spoke on Friday at the presidential villa during a meeting with Ajay Banga, the World Bank president. EDITOR’S PICKS Meet Tunji Alausa, The Epe-born Nephrologist On Tinubu’s Second Ministerial List … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has said about $150 million is spent monthly by the Nigerian National Petroleum Corporation (NNPC) on petrol importation into the country. Principal Manager at the apex bank, Osagie Clement, made this known on Wednesday when he appeared before the House of Representatives ad-hoc committee … Read more
EKO HOT BLOG reports that controversies surrounding the special investigator engaged by President Bola Tinubu last week have emerged. This online media platform recalls that the President engaged a former chief executive officer of the Financial Reporting Council of Nigeria, Mr. Jim Obazee, who President Tinubu appointed as the special investigator to investigate the … Read more
EKO HOT BLOG reports that President Bola Ahmed Tinubu has appointed a Special Investigator to probe the Central Bank of Nigeria (CBN) and key Government Business Entities (GBEs). This is coming as the suspended Governor of the apex bank, Godwin Emefiele is been detained at the office of the Department of State Services (DSS). EDITOR’S … Read more
EKO HOT BLOG reports that the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has announced its intention to increase the benchmark interest rate by 25 basis points to 18.75 per cent. The Acting CBN Governor, Folashodun Shonubi made the disclosure while reading the communiqué of the fourth MPC meeting of the year … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) confirmed on Tuesday that plans are in place to gradually phase out the old N200, N500, and N1,000 naira notes. Acting Governor of the apex bank, Folashodun Shonubi, provided these details after a monetary policy committee meeting at the CBN headquarters in Abuja. … Read more
EKO HOT BLOG reports that the Immediate past governor of the Central Bank of Nigeria, CBN, on Tuesday, pleaded not guilty before a Federal High Court Lagos, to a charge of illegal possession of firearms brought against him by the Ministry of Justice. He was arraigned on a two-count charge bordering on unlicensed possession of … Read more