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2023 : CBN Governor, Emefiele’s acquired party nomination forms and newly bought fleet of vehicles for his campaign, provokes questions from Nigerians
Governor of the Central Bank of Nigeria, Godwin Emefiele, sent millions of tongues wagging with his decision to purchase the N100 million presidential nomination form of the All Progressives’ Congress (APC) in the build-up to the party’s primary election in June last year. It later emerged that the CBN governor had not only acquired the party’s nomination forms but had also bought a fleet of vehicles for his campaign.
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As things turned out, however, Emefiele had to give up on the idea of contesting the presidential election due mainly to the public outrage against the idea. The fact remains, however, that the dust raised by that move is yet to settle with the deluge of questions that are left unanswered.
Where are the vehicles now? Who supplied them? How true is the claim that some of the vehicles are now with the campaign organization of a presidential candidate through a governor that is very close to the CBN governor? What does that suggest? A chummy relationship between the said presidential candidate and Emefiele? How neutral is the CBN governor
Since his foray into politics exemplified by his failed presidential bid, how much time does he have for monetary matters which constitute the core mandate of the CBN? How has he fared on this assignment? What was the rate of inflation before he assumed office and what is it now? What was the exchange rate before he assumed office and now? What was the country’s foreign reserve then and now? What has become of his rice pyramids?
Earlier in the week, he compounded failure with insensitivity, describing the millions of Nigerians on queues at ATM points around the country as miscreants who had no need for cash but were only there to sell their turns for some others in dire need of cash. Really?
There is an adage to the effect that when a leaf stays too long on a bar of soap, the leaf itself would turn into soap. That seemed to be the case with the relationship between President Muhammadu Buhari and the Central Bank Governor Godwin Emefiele. The latter appears to have rubbed mind so much with the former that he has caught the spirit of a soldier
Since the scarcity of notes and consequent agitation provoked by the naira redesigning policy, Emefiele, a finance man, has elected to speak like a soldier and issue threats on a daily basis rather than speak with facts and figures. Because he takes orders from a soldier, he now thinks and acts as one; no longer as a sober, shrewd, reflective and analytical financial expert.
Consequent on the foregoing, everything about naira redesigning, a poorly implemented policy that has shaken the nation to its foundation in recent weeks, has been opaque. In his broadcast to the nation on Thursday, Buhari had admitted that he approved the policy. But from every indication, it was a unilateral decision on the part of the President, and that much came to light when the Minister of Finance declared on national television that she had no knowledge of it.
Was the policy debated by the Federal Executive Council? No. So who did the President discuss the idea with apart from Emefiele? We may never know. Like President Buhari, Emefiele is keeping everything to himself. He would not disclose how much of the new notes have been printed or the breakdown of the total N2.1 trillion that has been returned to the banks. Buhari directed that the N200 notes already collected from the public should be re-circulated. But what is the value? Emefiele does not think we should know.
Kaduna State Governor Nasir el-Rufai, says the amount in question will not solve the problem of naira scarcity, noting that over N2 trillion was withdrawn while only N400 billion had been printed as at February. But rather than debunk the governor’s claims with facts and figures, Emefiele is asking security agents to go after POS operators. He forgot his elementary economics that this is what you get in times of scarcity.
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Breaking : Tinubu Breaks New Ground as First Nigerian President to Receive Proposed UN Budget
No President Bola Tinubu received in audience the Permanent Representative of Nigeria to UN, Ambassador Jimoh Ibrahim after he presented the proposed $14 billion UN budget for 2027.
President Bola Tinubu has received copies of the proposed 2027 United Nations budget from Nigeria’s Permanent Representative to the UN, Jimoh Ibrahim.
Ibrahim, who chairs the UN committee responsible for budgetary and administrative matters, presented the seven-volume document to the President at the State House, Abuja.
Speaking to journalists after the presentation, Ibrahim described the occasion as historic, saying it was the first time in 66 years that a Nigerian president had received the proposed UN budget through the process.
He said, “This is the presentation of the United Nations proposed budget for 2027 that was presented to me by the General Assembly, by the Secretary-General of the United Nations to the Fifth Committee, and that budget has seven volumes.
“So it has to be presented to my country because my country is a member of the United Nations. I share the budget at the committee, so the appropriate thing to do is to bring the budget home and deliver it to the President.
“This is the first time in 66 years that Nigeria will share budget in the committee. The first time. So I don’t know when we’re going to do that again in history.”
Ibrahim added, “President Bola Tinubu is making history to have been able to receive that budget, being the first President in 66 years that will receive such budget from the United Nations, and it’s not a small issue for a country to receive the whole UN budget.”
He said the proposed budget covered the organisation’s regular activities and peacekeeping operations, with approximately $3.4bn allocated to the regular budget and $8.5bn for peacekeeping.
Ibrahim put the total at about $14bn, although the figures he cited for the two components add up to $11.9bn.
He stressed that the document was still a proposal and had not received final approval from UN member states.
“The budget still has to be approved. This is a proposed budget. It’s at the proposed stage. You submit it to your country, and thereafter the budget is finally discussed. Figures are adjusted, and then finally the final budget is approved and spending commences,” he said.
Asked about the support Nigeria could receive from the UN, Ibrahim said discussions on the proposed budget were ongoing and declined to specify what Nigeria might benefit from it.
He also cited the construction of a $267m UN conference centre in Kenya as an example of the organisation’s investment in facilities in member states.
The proposed budget will undergo further scrutiny and adjustments before member states approve the final figures and spending begins.
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Abuja-Kaduna Train: Opeifa Denies NRC’s Involvement in Ticket Racketeering, Blames Scammers and High Demand
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……..NRC Introduces Double Verification to Curb Racketeering
The Managing Director of the Nigerian Railway Corporation (NRC), Dr Kayode Opeifa, has denied allegations that the corporation deliberately creates artificial scarcity of train tickets on the Abuja-Kaduna Train Service (AKTS) to facilitate their resale at inflated prices through unauthorised agents.
The controversy followed a viral social media video by Instagram blogger Faizah Raji, who operates under the handle @wearegst, alleging that the corporation deliberately withholds tickets from its official electronic ticketing platform and makes them available through agents at exorbitant prices.
In the video, titled “The NRC Is Stealing Its Own Tickets to Resell,” the blogger claimed that she was unable to obtain a ticket through the official booking portal but subsequently purchased one from an agent at twice the official price.
Responding to the allegations, the NRC management described the claims linking the corporation to the alleged racketeering as misleading, insisting that the corporation does not directly buy or sell tickets on the Abuja-Kaduna corridor.
According to the management, electronic ticketing on the standard-gauge rail services operates under a Public-Private Partnership (PPP) arrangement, with private concessionaires responsible for ticket sales.
SecureID/TPS handles ticketing for the Abuja-Kaduna Train Service, while Global Software Digital Solutions (GSDS) manages the Lagos-Ibadan Train Service. Fane Warri-Itakpe Ticketing Solutions Limited is responsible for ticketing on the Warri-Itakpe Train Service.
The NRC said the concessionaires were approved by the Infrastructure Concession Regulatory Commission (ICRC) and the Federal Executive Council (FEC) before 2023.
Explaining the persistent difficulty passengers face in securing tickets, the corporation attributed the situation largely to a significant imbalance between passenger demand and the number of seats available.
According to the NRC, demand for train services on the Abuja-Kaduna corridor has exceeded available capacity by more than tenfold, putting considerable pressure on the ticketing system.
The management maintained that the reported experience of purchasing a ticket through an agent did not, in itself, establish that the corporation was responsible for creating artificial scarcity or facilitating the alleged resale.
It also warned passengers against patronising unofficial ticket agents, stressing that those who purchase tickets outside approved channels do so at their own risk.
The corporation explained that the Federal Government introduced the National Identification Number (NIN) requirement for train ticket purchases following the 2022 Abuja-Kaduna train attack, as part of measures to improve passenger identification and curb ticket racketeering.
However, it said suspected fraudsters had devised ways of obtaining multiple NINs to purchase tickets for resale to unsuspecting travellers.
To address the challenge, the NRC introduced a double-verification process in 2025, requiring passengers to undergo NIN verification and present personal identification before boarding.
The corporation said its ticketing and verification system is integrated with the database of the National Identity Management Commission (NIMC), enabling officials at Idu and Kubwa in Abuja, as well as Rigasa in Kaduna, to verify the identity and photograph associated with the NIN used to purchase a ticket.
The management, however, acknowledged that the Rigasa station in Kaduna lacks an adequate access-control system, a shortcoming it said could occasionally allow agents linked to ticket scams to overwhelm security personnel.
The introduction of a second verification process, modelled on the system used at Terminal 2 of the Murtala Muhammed International Airport in Lagos, is intended to strengthen checks and prevent passengers from travelling with tickets purchased using another person’s identity.
As part of efforts to address complaints about ticket availability, the NRC said the electronic ticketing concessionaires had been directed to improve access to their online platforms and ensure compliance with established ticketing procedures.
The corporation also reiterated that purchasing tickets from third parties using another person’s NIN or name was unacceptable, describing the practice as economic sabotage.
It stressed that passengers should book through approved portals and avoid sharing their NIN details and other personal information with agents or third parties who could exploit such information for fraudulent transactions.
The NRC management declared zero tolerance for ticket racketeering, warning that any staff member found participating in or colluding with individuals involved in the practice would face disciplinary action.
The corporation said it remained committed to protecting the integrity of its operations, improving customer service and ensuring that passengers have access to safe, affordable, reliable and convenient rail transportation.
While the allegations have renewed public debate over ticket availability and the effectiveness of the electronic ticketing system, the NRC maintained that the immediate challenges include rising passenger demand, limited seating capacity and the activities of individuals exploiting the system.
The corporation urged passengers to use only approved ticketing platforms and cooperate with verification procedures to help curb fraud and protect the railway system.
The NRC said it would continue working with relevant stakeholders to strengthen its ticketing processes and improve the passenger experience across its rail corridors.
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Ondo Sports Council Chairman Declares 2026 ADU Unity Cup Open as Ijapo Ages FC Edges Odigbo LG FC
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The Chairman of the Ondo State Sports Council, Hon. (Coach) Abimbola Oladimeji, has officially declared the 2026 ADU Unity Cup open, marking the commencement of another edition of the football competition aimed at promoting unity, sportsmanship and grassroots football development.
The opening ceremony attracted football enthusiasts and supporters who gathered to witness the start of the tournament and celebrate the spirit of competition among participating teams.
In the opening match, Ijapo Ages FC secured a narrow 1–0 victory over Odigbo LG FC in an entertaining encounter, giving the team a winning start to its campaign in the competition.
The ADU Unity Cup continues to provide a platform for players to showcase their talents, foster unity among communities and contribute to the development of football at the grassroots level.
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