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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

Trump To Permanently Pause Migration From All ‘Third World Countries’

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Donald J. Trump has announced that his administration will permanently pause migration from all “Third World countries.”

According to his statement, “Third World countries” refers to least developed or developing nations with high poverty, economic instability, and other social, political or environmental challenges — examples listed include Sudan, Chad, Niger, Benin, Pakistan, and Nigeria.

In a Thanksgiving-day message, Trump criticized what he described as decades of failed immigration policies that, he claimed, left the United States “divided, disrupted, carved up, murdered, beaten, mugged, and laughed at.”

He argued that the foreign-born population in the U.S. has reached 53 million, contending that many migrants come from “failed nations, prisons, mental institutions, gangs, or drug cartels.”

Trump said that granting green cards to migrants earning about $30,000 a year translates into roughly $50,000 per year in benefits for their families. He described this as a “refugee burden” and blamed it for social dysfunction including “failed schools, high crime, urban decay, overcrowded hospitals, housing shortages, and large deficits.”

He also singled out refugee communities, citing Somalian refugees in Minnesota as an example, saying “Somalian gangs are roving the streets looking for ‘prey’ as our wonderful people stay locked in their apartments and houses hoping against hope that they will be left alone.”

To address these concerns, Trump vowed to terminate what he described as the “millions of Biden illegal admissions,” remove individuals deemed not “net assets” to the United States, and end all federal benefits and subsidies for non-citizens. He pledged to denaturalize migrants who “undermine domestic tranquility” and deport foreign nationals considered public charges, security risks, or “non-compatible with Western Civilization.”

He said the objective is “a major reduction in illegal and disruptive populations,” including those admitted through what he called an unauthorized “Autopen approval process.”

Trump concluded his message by stating, “Only REVERSE MIGRATION can fully cure this situation,” adding that migrants who “hate, steal, murder, and destroy everything that America stands for” would not remain in the United States for long.

The decision follows a shooting near the White House in Washington, D.C., that reportedly involved an Afghan national who had entered the U.S. under a resettlement programme in 2021.

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BIG STORY

50 Nigerians Arrested In India Drug Busts

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No fewer than 50 Nigerians have been arrested in one of India’s largest coordinated operations targeting a transnational narcotics network linked to a wide-ranging drug-distribution and hawala laundering syndicate operating across several major cities.

According to a report on Thursday by NDTV, the crackdown was executed by the Delhi Police in collaboration with the Telangana Police’s EAGLE unit. The arrests followed months of intelligence gathering and simultaneous raids across Delhi, which dismantled key segments of a cartel responsible for moving methamphetamine and cocaine across the country.

Investigators found that the syndicate maintained an extensive customer base, using encrypted communication channels and delivery methods similar to food-delivery apps to conduct drug “dead drops” and avoid direct contact with buyers.

“The network was extremely sophisticated. They used layered communication channels and app-based delivery patterns to evade law-enforcement detection,” the report stated.

Authorities also uncovered that the cartel’s distribution network was intertwined with a sex-trade ring that provided both cover and logistics for drug circulation. “Investigators have identified approximately 2,000 individuals who were supplied drugs through courier and dead-drop methods,” the report added.

According to the findings, “the sex trade was used as a cover for drug supply and distribution,” expanding the syndicate’s criminal reach.

The report further noted that the massive operation, conducted with support from police teams in Noida, Vizag, and Gwalior, culminated in the arrest of 50 Nigerian nationals in Delhi after extensive surveillance and intelligence-driven coordination.

On the financial front, investigators revealed that the cartel channelled proceeds through hawala operators who converted illicit earnings into tradable goods—such as garments and human hair—exported to Lagos, Nigeria, to disguise the drug profits as legitimate commerce. “The proceeds from drug sales were funnelled through local hawala operators… shipped to Lagos, Nigeria, effectively cleaning the illicit earnings,” the report stated.

One identified kingpin is alleged to have laundered at least ₹15 crore through these channels, according to the report.

The arrests mark a significant milestone in India’s ongoing multi-agency efforts to dismantle persistent synthetic-drug cartels. Previous Nigerian-linked drug busts in Bengaluru, Delhi, and Goa had highlighted growing concerns over transnational methamphetamine networks.

Indian police describe this latest coordinated operation—which netted 50 Nigerian suspects—as a major breakthrough against an “entrenched and continually evolving” narcotics supply chain. Officials say the next phase of the investigation will focus on tightening immigration checks, tracking hawala operators, and identifying other cartel commanders believed to be operating from outside India.

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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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