Eko Hot Blog reports that the Department of Secret Service (DSS) has arrested the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele. The arrest comes shortly after President Bola Tinubu suspended the embattled CBN governor. EDITOR’S PICKS Major Nigeria Newspaper Headlines Saturday, June 10th 2023 Why IPOB Banned Lawyer, Ejimakor, Others From Visiting … Read more
Smart Adeyemi has urged Bola Tinubu to investigate the naira redesign policy that caused Nigerians to suffer. He alleged that the redesign was a calculated attempt to frustrate Tinubu’s presidential ambition. Despite this, he believes that a new Nigeria will emerge when Tinubu’s presidency begins on May 29th. EKO HOT BLOG reports that Smart Adeyemi, … Read more
The CBN has revoked the operational licenses of 132 microfinance banks and other financial institutions. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was made public through the official … Read more
The Presidency has denied knowledge of Emefiele’s study leave. The presidency said it was not aware of such a development. Reports had surfaced indicating that the CBN Governor Emefiele was on the brink of fleeing the country, amid accusations of corruption and supporting terrorism that have been levelled against him. EKO HOT BLOG reports that … Read more
President Buhari reportedly granted the CBN governor, Godwin Emefiele, a study leave amid corruption and terrorism-financing allegations. It is alleged that Emefiele used the said study leave as an opportunity to flee the country before May 29 when a new government would take over. The DSS opposes the alleged study leave granted to Emefiele, citing … Read more
Nigerians are protesting at CBN headquarters demanding the resignation and arrest of CBN Governor over the failed new naira notes policy. The protesters claim that the policy has caused hardship for many Nigerians, leading to deaths. The group plans to call for Emefiele’s arrest and prosecution by the International Criminal Court for crimes against humanity. … Read more
Emefiele has denied involvement in a plot against Tinubu. Reports had emerged that Emefiele is determined to influence the outcome of the March 18 governorship election in Lagos State against the APC. Reacting to the allegation, the CBN governor described the reports as completely false and malicious. EKO HOT BLOG reports that Godwin Emefiele, the … Read more
Soludo says the CBN has instructed commercial banks across the country to start dispensing old naira notes. This aligns with the Supreme Court ruling granting the old notes their legal tender status again. However, there have been cases of the notes being rejected by individuals and the banks themselves. EKO HOT BLOG reports that in … Read more
State Governors have given Malami, Emefiele Tuesday ultimatum to obey the Supreme Court order on Naira redesign. The state governments threatened to file contempt charges against the two top officials. It’s over one week since the apex court handed down the order, the AGF and the CBN have kept mum over the verdict. EKO HOT … Read more
Former Kaduna State senator, Shehu Sani has voiced concerns over the future of Central Bank of Nigeria’s governor, Godwin Emefiele after the naira redesign policy. The Naira redesign and cashless policy has been something was largely criticized by the Nigerian elites. This thus raises the question of what happens if President Muhammadu Buhari’s administration reaches … Read more
Governor Wike of Rivers State has the last laugh on Central Bank of Nigeria’s governor, Godwin Emefiele as Naira situation turns in favour of politicians. This is in response to the Supreme Court’s verdict to keep the old naira notes in circulation till the end of December of the current year. CBN governor’s stance over … Read more
Kaduna, Kogi, and Zamfara have filed contempt proceedings against AGF and the CBN governor, Emefiele. This is due to their purported non-compliance with a Supreme Court order. The order extended the deadline for the use of old N200, N500, and N1,000 notes. EKO HOT BLOG reports that Kaduna, Kogi, and Zamfara States have initiated a … Read more
The CBN dropped a fresh hint on the Naira deadline and scarcity. Emefiele said the February 10 deadline is “non-negotiable.” The CBN governor stated this on Tuesday while briefing the diplomatic community at the ministry of foreign affairs in Abuja. EKO HOT BLOG reports The Central Bank of Nigeria (CBN) has insisted that its February … Read more
Buhari met with Emefiele at Aso Rock over the Naira swap crisis. This is the third time the CBN governor has been meeting with the President since the Naira crush crisis in the country. Since February 10, Nigerians have been hit by Naira scarcity due to the swap of the currency. EKO HOT BLOG reports … Read more
By Tunde Odesola S-s-s-s-h-h-h! Q-u-i-e-t! I’m in the Forest of a Thousand Demons. Please, don’t fear for my safety, I’m ok. It’s dangerous, though. I can only listen, watch and text. S-s-s-s-s-h, s-i-l-e-n-c-e! It’s election season, the forest is buzzing with a frenzy; demons are on the prowl, campaigning. EDITOR’S PICKS PDP Expels Nnamani, Fayose’s … Read more
Tinubu’s camp has demanded the immediate sack of the CBN Governor, Godwin Emefiele. Onanuga lambasted the CBN chief for “gross incompetence”. He urged Buhari to immediately dismiss Emefiele over the Naira swap. EKO HOT BLOG reports that Bayo Onanuga, the Director of Media and Publicity for All Progressives Congress (APC) Presidential Campaign Council (PCC), has … Read more
The CBN has been told to shun the Supreme Court ruling on the use of old naira notes. The apex court had, in the judgement, annulled the CBN deadline of February 10. Reacting to the development, Farotimi suggested that the CBN ignore the Court ruling through ex parte order. EKO HOT BLOG reports that a … Read more
Buhari has summoned the CBN governor Emefiele, Tambuwal and others to the Aso Rock. The meeting was held amid the scarcity of naira notes which had elicited protests in various parts of the country. Buhari had implored Nigerians to give him a seven-day window which lapses on February 10 to resolve the currency crunch. EKO … Read more
Emefiele has assured the House of Representatives that old Naira notes will still be accepted beyond the February 10 deadline. Emefiele stated this on Tuesday while appearing before the House of Representatives ad hoc committee. The Speaker of the House, Femi Gbajabiamila said the CBN Act mandates commercial banks to accept old notes. EKO HOT … Read more
ISWAP reportedly did a giveaway with the old naira notes to Borno residents on the Highway. The gesture is coming following the deadline set by the Central Bank of Nigeria. The ISWAP members were said to have driven two gun trucks and dressed in military camouflage. EKO HOT BLOG reports that suspected Islamic State of … Read more