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JUST IN: Emefiele Pleads Not Guilty To Printing N684m Notes With N18.96bn - PorscheClassy Media
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BIG STORY

JUST IN: Emefiele Pleads Not Guilty To Printing N684m Notes With N18.96bn

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In response to the charge that he authorised the printing of N684.5 million at the rate of N18.96 billion, Godwin Emefiele, the troubled former governor of the Central Bank of Nigeria, has entered a not guilty plea.

Emefiele made these remarks on Wednesday during his arraignment by the Economic and Financial Crimes Commission, in front of Judge Maryann Anenih of the FCT High Court in Abuja, on a four-count charge.

The EFCC accused Emefiele of violating the law with the intention of harming the public when he carried out the former President Muhammadu Buhari’s naira swap policy, according to the four-count allegation brought against him.

The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Federation’s Consolidated Revenue Fund.

 

More to come…

BIG STORY

BON Awards Set To Hold Book Reading Tuesday, December 2

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The organisers of the Best of Nollywood (BON) Awards have announced that the Wife of the Deputy Governor of Lagos State, Mrs. Oluremi Hamzat, will lead a distinguished line-up of political figures and Nollywood veterans to a special public reading.

The event, which holds at 12:00 PM on Tuesday, December 2, will feature the reading of Tomi Falade’s book, a play titled ‘Olobun: Matriarch Of Ondo, Mother Of Legacy’.

Mrs. Hamzat will be joined by the State Secretary to the Government, Mrs. Hundeyin; the Deputy Speaker of LAHA, Hon. Moji Meranda Ojora; the Commissioner for Tourism, Mrs. Toke Benson Awoyinka; and the SA Housing, Hon. Barakat Bakare.

Adding creative star power, they will be accompanied by former BON Awards winners, including Omowunmi Dada, Keppy Ekpeyoung, Segun Arinze, and Stan Eze.

Olobun is a compelling historical play by Tomi Falade that explores the dramatic origins of a major Yoruba Kingdom, and is predominantly set during the tumultuous 15th-century Oyo Empire.

The story revolves around the birth of twins to Alaafin Oluaso, the abolition of killing twin babies, and how a woman rose to a place of power in Yoruba Land.

Ultimately, the book serves as a journalistic and dramatic account of the journey that culminates in the founding of the great Ondo Kingdom, presenting the character Olobun as the living proof of a powerful legacy born from destiny.

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BIG STORY

Budget 2026: Obasa Charges Lawmakers To Be Thorough, Transparent During Review

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Speaker of the Lagos State House of Assembly, Rt Hon Mudashiru Obasa, has charged his colleague-lawmakers to be thorough and transparent as they embark on a review of the 2026 Appropriation Bill presented to the House by Governor Babajide Sanwo-Olu last Tuesday.

Obasa spoke during a three-day budget retreat of the Assembly, holding at the Park Inn by Radisson, Abeokuta, Ogun State, from November 26 to 28. The retreat, themed “Budget of Shared Prosperity: Enhancing Accountability and Transparency in Lagos State Budget Process”, was attended by all lawmakers, select legislative staff, and senior aides of the Speaker.

Speaker Obasa said with the formal presentation of the ‘Budget of Shared Prosperity’ by Governor Sanwo-Olu, “It now behoves you, as representatives of the people, to do your job with clinical efficiency, empathy, diligence, self-awareness, transparency, and conviction. The governor has done everything to convince us that they have done a thorough job on the Budget, but it is left to the Assembly to decide how we will go about appropriating the state’s resources to align with the demands and aspirations of every Lagosian.”

Obasa further stated that he firmly believed that waste of scarce resources can be curbed if lawmakers perform their oversight functions effectively. “But when you pretend like you don’t see what you are supposed to see in the budget or you allow your palms to be greased, don’t forget, you are going back home; you are going back to that community that you didn’t defend or protect its interest when it was important to do so. And it is at home that your political fate will be decided. Let us do what is expected of us, and we will get it right,” he said.

The annual offsite budget retreat, which reflects Obasa’s insistence on a people-centric budget, aims to review and analyse, and ensure the timely passage of the state’s appropriation bill.

Among the resource persons at the retreat were Mr Olufemi Orojimi, the Director of Budget, Ministry of Economic Planning and Budget, who spoke on ‘Understanding the 2026 Appropriation Strategy: Insights from 2025 Budget Performance and Implementation Caps’; Dr Muda Yusuf, Founder/CEO, Centre for the Promotion of Private Enterprise, who did justice to his papers on ‘An overview of the Medium Term Expenditure Framework’ and Improving legislative Oversight for Budget Implementation: The strategic role of the Lagos State House of Assembly.

With the smoothness of a hot knife through butter, Yomi Olugbenro, West Africa Tax Leader at Deloitte, discussed ‘Navigating Nigeria’s New Tax Regime: Roles and Responsibilities of the Legislature.’ Other facilitators were Muhammad Sani Abdullahi, Director/Clerk, Senate Public Accounts Committee; Olusegun Mojeed, the immediate past president/chairman, Board of Fellows, CIPM Nigeria; and Ifeanyi Peter, National Team Leader, Partnership for Agile Governance and Climate Engagement.

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BIG STORY

IGP Confirms Withdrawal Of 11,566 Police Officers Attached To VIPs

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The Inspector-General of Police, Olukayode Egbetokun, on Thursday confirmed the withdrawal of 11,566 officers previously assigned to Very Important Personalities (VIPs), following a presidential directive mandating the reallocation of police resources.

Egbetokun announced the development during a meeting with senior police officers in Abuja, noting that the instruction from the Presidency empowers him to implement the recall of officers without interference.

He stated that no VIP would challenge the withdrawal of their security personnel since the order originated directly from the President.

The IGP urged police officers to maintain professionalism and dedication to national security, emphasising the need for continuous efforts to curb criminal activities across the country.

He added that the police remain committed to addressing emerging security challenges and are collaborating with other security agencies to strengthen safety nationwide.

 

More to come…

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