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“Terrorism, Public Fund Diversion”: Details Of Allegations Levelled By SSS Against Emefiele

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The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been funding “unknown gunmen” and members of the outlawed Indigenous People of Biafra (IPOB), the State Security Service (SSS) has alleged in court documents newly obtained by Premium Times.

The documents provide, for the first time, the missing details of the terrorism financing allegation which the SSS levelled against Mr Emefiele last December.

IPOB is a separatist organisation that calls for the secession of the five Igbo-dominated states in South-east Nigeria and parts of neighbouring states as an independent Biafra nation.

The group blamed for violent acts in the South-east region in recent years has been declared a terrorist organiation and proscribed by a court as far back as September 2017.

The Nigerian media, including PREMUM TIMES, reported in December SSS’ futile bid to obtain an order of the Federal High Court in Abuja for the arrest of Mr Emefiele over wide-ranging allegations, including financing of terrorism.

The Chief Judge of the Federal High Court, John Tsoho, after listening to SSS’ legal team, refused to grant the application for an order against Mr Emefile.

The judge rejected the application in a ruling delivered on 9 December, citing an irregularity in the procedure adopted by the SSS in its application.

The Nigerian media only became aware of the ruling 11 days after it was delivered by the court.

But the reports did not provide details about the agency’s weighty allegations against Mr Emefiele.

Eight weeks after the court gave the decision, Premium Times has now obtained the SSS’ court filings providing astonishing dimensions of the agency’s allegations against the CBN governor.

In a slew of weighty allegations, the SSS accused him of sabotaging the President Muhammadu Buhari administration, financing terrorism, aiding and abetting terrorism, and committing other economic crimes with effect of undermining Nigeria’s national security.

More specifically, the agency also accused Mr Emefiele of mismanaging the CBN subsidiary, NISRAL, and the central bank’s Anchor Borrowers Programme.

Call for detention

Ateam of four lawyers from the SSS’ legal department filed its case against Mr Emefiele on 7 December.

But contrary to earlier reports suggesting that the application was for an order for the arrest of Mr Emefiele, it actually sought permission to detain Mr Emefile for 60 days to conclude an ongoing investigation of his alleged atrocities.

The application was filed as an ex parte motion, meaning it was not served on Mr Emefile.

It was supported by an affidavit deposed to by an SSS official, Umar Salihu, who summarised the details of the investigations into the weighty crimes Mr Emefiele allegedly committed.

The deponent said “there is reasonable suspicion that the respondent (Mr Emefiele) was involved in terrorism financing, aiding and abetting acts of terrorism, economic crimes of national security dimension and for undermining the security of the Federal Republic of Nigeria.”

He said the agency needed to apply to the court “for an order enabling the applicant to detain the respondent for sixty days, pending the conclusion of ongoing investigation …”

On the need for the court to issue the order, he said Mr Emefiele “is a man of means and can easily evade arrest and interfere with ongoing investigation if he is released on bail.”

Citing “credible intelligence”, the deponent mentioned some specific allegations over which the agency was investigating Mr Emefiele.

The allegations enumerated in the application lack specifics or any hint at what the CBN governor’s motivation to sponsor IPOB and other terrorists’ activities could be.

IPOB, terrorism funding

In about the most horrific of the allegations, the SSS accused Mr Emefiele of funding terrorism, unknown gunmen terrorising the South-east region, the IPOB and its armed wing, the Eastern Security Network (ESN).

The SSS alleged that Mr Emefiele funded them with both the resources he raised for his failed presidential bid last year and funds diverted from government coffers.

Mr Emefiele, as sitting CBN governor, controversially bidded for the presidential ticket of the All Progressives Congress (APC) last year. Images of his branded vehicles and other campaign materials surfaced online in the lead-up to the party’s primary election.

He also approached the Federal High Court in Abuja to obtain an order affirming his right to jostle for the APC’s ticket. But the court on 9 May refused to grant Mr Emefiele’s prayer.

The Nigeria’s spy agency said in its filing in December that Mr Emefiele “procures a number of vehicles and disbursed funds for his botched presidential ambition.”

It added that “the said funds and vehicles are being channelled into funding of Unknown Gunmen, Eastern Security Network (ESN) and elements of IPOB, a proscribed organisation.”

In addition, the agency said Mr Emefiele, “on several occasions in actions prejudicial to the security of the Nigerian state,” engaged in “criminal conspiracy to divert government resources into suspicious acts of terrorism financing”.

It said the actions of the CBN governor were “meant to subvert and sabotage” the President Muhammadu Buhari administration.

But as weighty as the allegations, coming from the government’s flagship intelligence agency are, Mr Buhari has continued to hold one-on-one meetings with Mr Emefiele since December. This raises questions about whether the president has any regard for the “credible intelligence” the SSS claimed it gathered about the nation’s top banker.

The SSS, which is at the forefront of government’s efforts to quell separatist activities around the country, was holding the leader of IPOB, Nnamdi Kanu, in custody when it linked Mr Emefiele to the funding of the proscribed group in December.

Neither the Presidency, the SSS nor Mr Emefiele has commented on the allegations.

Money laundering, fraud, mismanagement of interventionist funds

The SSS also accused Mr Emefiele of “fraud, money laundering, round tripping and conferment of financial benefit to self and others.”

Mr Emefiele is also involved in mismanaging of various interventionist funds of the government under his control, according to the SSS.

Funds belonging to the Social Investment Programme (NISRAL) and the Anchor Borrowers Scheme were among those the SSS accused Mr Emefiele of mismanaging. The two agencies are interventionist schemes to boost food production and encourage farmers.

The SSS also accused Mr Emefiele of mismanaging “other key economic sectors of the economy”.

‘Emefiele’s syndicate’

In another breathtaking allegation, the SSS claimed it was on the trail of members of a criminal syndicate of which Mr Emefiele is allegedly a part.

It said “investigation is still ongoing on a wider scale as other members of the syndicate chain need to be identified and arrested to enable successful prosecution.”

The agency accused Mr Emefiele of aiding and abetting terrorism, and alleged further that he used proxies from his alleged syndicate “to carry out his illegal economic crimes of national security dimension with potent threat to the country’s security.”

Why court rejected SSS’ application

In rejecting SSS’ application on 9 December 2022, however, the judge, Mr Tsoho, pointed out a flaw in the procedure adopted by the agency to ask for an order for Mr Emefiele’s detention for 60 days.

He said the request by the secret police ought to have been preceded by the arrest of the suspect which did not require a court order.

“This is not the situation here, as Godwin Emefiele, the CBN governor was shown on television, even last night, having an audience with the President of Nigeria,” the judge said. “It therefore seems that the applicant intends to use the court as a cover for an irregular procedure which is unacceptable.”

The judge said “an application of this kind (by the SSS) should have evidence of the approval of the respondent (Emefiele’s) boss (President Buhari), that such measures are authorised to be taken,” owing to the “sensitive position” he “occupies…as one of the key drivers of the nation’s economy.”

“I decline to grant this application ex parte,” the judge declared.

Femi Falana, a Senior Advocate of Nigeria, said the SSS’ allegations against Mr Emefiele robs Nigeria of investors’ confidence in the economy.

“Nobody will want to do business with your country when the head of the Central Bank is a terrorism suspect,” the senior lawyer said in a telephone interview with Premium Times.

Similarly, Mr Emefiele’s predecessor, Lamido Sanusi, a former Emir of Kano, was accused of terrorism financing by the Goodluck Jonathan-led regime in 2014, and was removed from office, Mr Falana recalled.

Also commending the judge for dismissing what he termed, “the unworthy application by the SSS to arrest the CBN governor,” Olisa Agbakoba, a former President of the Nigerian Bar Association (NBA), challenged the secret police to sue Mr Emefiele if “there is evidence.”

CBN governor and his troubles

Mr Emefiele’s foray into politics last year, bidding for the APC’s presidential ticket while still in office as the CBN governor, drew wide condemnation among Nigerians.

A Premium Times editorial, one of the credible forces that first exposed Mr Emefiele’s covert presidential bid, called on him to either publicly deny it or resign immediately from office to pursue his political dream.

The CBN still faces criticisms for plunging Nigerians into hardships associated with scarcity of the newly introduced naira notes. Nigerians, groaning over the scarcity of new naira notes, urged the CBN governor to rescind the policy.

The redesigned 200, 500 and 1000 notes are hard to come by at Automated Teller Machines – the only place where money can be withdrawn.

But Mr Emefiele only extended the deadline by 10 days from 31 January to 10 February, which many have said is insufficient to address the acute shortage of the new notes.

The presidential candidate of the APC, Bola Tinubu, in a veiled reference to the monetary policy, condemned the scarcity of the new bank notes, adding that it was a ploy to scuttle his chances of winning the election.

Appearing before the House of Representatives, Mr Emefiele explained that old naira notes would be accepted by banks even after the 10 February deadline.

A law professor, Joshua Alobo, had sued the CBN seeking an extension of the deadline.

The apex bank had on 26 October, 2022, announced the introduction of redesigned 200, 500 and 1,000 naira notes into the financial system.

But access to the new notes remains a herculean task as people throng ATMs in a bid to withdraw money.

 

Credit: Premium Times

BIG STORY

NLC Directs Unions To Continue FCTA Strike Despite Court Order

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The Nigeria Labour Congress (NLC) has directed its affiliate unions in the Federal Capital Territory (FCT) to continue the ongoing strike by workers of the FCT Administration, despite a court order directing that the industrial action be suspended.

The directive was contained in a circular dated January 27, 2026, and signed by Benson Upah, the acting general secretary of the NLC.

In the circular addressed to presidents and general secretaries of all Abuja-based unions, the NLC said it was “reaffirming and reinforcing” its earlier instructions for workers to sustain the strike action until their demands are fully met.

“We hereby reaffirm and reinforce the directive to all affiliate unions in the FCT to not only proceed with the ongoing action but to intensify and sustain it until all workers’ demands are fully addressed,” the circular reads.

The NLC noted that issues such as unpaid wage awards and promotion arrears, non-remittance of pension and National Housing Fund deductions, as well as alleged intimidation of workers, are yet to be resolved.

“These violations are grave, unacceptable, and incompatible with the principles of fairness, justice, and decent work,” the NLC said.

“Affiliate unions are therefore directed to fully maintain participation in the industrial action; reinforce mobilisation of members for all congress-approved activities; and mobilise members to continuously participate in daily prayer and solidarity sessions from 8:00 am to 5:00 pm at designated venues across the FCT.”

The NLC warned against any withdrawal from the strike at this stage, saying such action would embolden further violations against workers.

“This struggle demands unity, discipline, and unwavering commitment. All affiliates are expected to comply strictly with this directive in the collective interest of the Nigerian working class. An injury to one is an injury to all,” the circular reads.

On Tuesday, a national industrial court in Abuja ordered workers on the payroll of the FCTA to suspend the strike.

Delivering a ruling, Emmanuel Subilim, presiding judge, held that although the matter before the court amounted to a trade dispute, the defendants’ right to embark on industrial action was not absolute.

He held that once a dispute has been referred to the national industrial court, any ongoing strike must cease pending the determination of the case.

 

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Return To Work Immediately Or Face Legal Action, Wike Tells FCTA Workers As Court Orders Strike Suspension

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The Minister of the Federal Capital Territory, Nyesom Wike, on Tuesday warned striking staff of the Federal Capital Territory Administration to return to work immediately or face legal action, following a National Industrial Court ruling ordering an end to the strike that has disrupted public services in Abuja for over a week.

Briefing journalists shortly after the court’s decision, Wike insisted that the rule of law must prevail and accused political actors of exploiting the industrial action for motives unrelated to workers’ welfare.

“The administration was already in the process of mediation when some politicians hijacked the strike,” he said, adding that several of the workers’ demands were “frivolous” and either unreasonable or already addressed.

Wike said the FCTA approached the court after determining that the strike had been “hijacked by politicians,” despite ongoing dialogue and attention to a substantial number of workers’ concerns.

He highlighted the administration’s efforts to support staff welfare, including salary payments and reforms within the civil service.

The minister disclosed that more than N12bn had just been approved for the payment of January salaries to FCTA workers, describing the move as evidence of the government’s commitment to its workforce.

Pointing to improved revenue performance under his leadership, Wike noted that the FCT had generated over N30bn in internally generated revenue, a significant increase compared with previous years.

He urged workers to recognise reforms implemented by the administration, including the establishment of the Civil Service Commission and infrastructure investments across the territory.

“Workers are largely responsible for the lack of development in states, including the FCT,” he said.

Wike dismissed circulating reports suggesting he had been forced out of his office during protests linked to the strike.

“I was never chased out of the office,” he said, explaining that he had merely stepped out to see President Bola Tinubu off at the airport.

Adopting a firm stance, the minister warned against further disruptions of government operations.

“Anyone who dares to lock the gates again will be made a scapegoat, because the law must be obeyed.”

He alleged that some senior civil service officials had played a role in sustaining the strike, claiming that certain directors were instigating the action, but said this would not prevent the administration from pursuing the right course.

Wike emphasised that engagement between workers and the government did not require direct access to him personally.

“Seeing me in person is not a right,” he said, noting that workers’ representatives had been in discussions with management throughout the dispute.

He concluded by warning that staff who failed to comply with the court order and resume duties immediately would face legal action, signalling a tougher enforcement phase as the FCTA seeks to restore full public services.

Workers of the FCTA, operating under the Joint Union Action Committee, had embarked on an indefinite strike on January 19 over unresolved welfare concerns.

The National Industrial Court issued an interlocutory injunction stopping the strike after an application by Wike.

Justice E.D. Subilim granted the order on January 21 and adjourned the suit to March 23, 2026, for hearing of the substantive case.

Delivering his ruling on Tuesday, Justice Subilim said the defendants’ right to strike was not absolute.

“The defendant’s right to an industrial action is not absolute, but as circumscribed by law,” he said. He prohibited workers from participating in the strike once a dispute had been referred to the court and ordered that any ongoing strike must cease pending determination.

“An order of interlocutory injunction is hereby granted, restraining the defendants and respondents, their agents, representatives… together with all other members of the Joint Unions Action Committee … from further embarking on any industrial action, strike, picketing, lockout, or any other form of obstruction against the claimant, parastatals, and political appointees,” the judge added.

Counsel for the claimants, James Onoja (SAN), hailed the court’s decision, urging the unions to obey the order and return to work while allowing room for mediation.

“We commend the court for making an order for the stopping of the strike… I think this is commendable because it will allow the parties to discuss. Our plea to the Union is to allow industrial harmony. They should go back to work and allow for mediation,” Onoja said.

Counsel for the respondents, Maxwell Opara, described the workers as law-abiding citizens and said he would advise the unions to respect the court order.

“The workers are law-abiding citizens. We are going to advise them to respect the court. The one good thing is that the court has also mandated that we commence mediation, not as a matter of advice, in line with the law… we must comply with it,” Opara said.

JUAC President, Rifkatu Iortyer, confirmed that workers would comply, call off the strike and immediately return to work while continuing to “push for other things.”

“We are law-abiding citizens, and because they have said we should return to work, we are returning to work, pending our next appearance,” she said.

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Judicial Reforms: Tinubu Proposes Virtual Hearings, Increases Appeal Court Justices To 110

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President Bola Tinubu has transmitted an executive bill to the Senate seeking to amend the Court of Appeal Act to increase the number of justices from 70 to 110.

The proposed amendment also aims to modernize appellate court proceedings through the introduction of virtual hearings and the establishment of an Alternative Dispute Resolution Centre (ADRC) within the Court of Appeal.

Notice of the bill was contained in a letter read by the Senate President, Godswill Akpabio, during the plenary on Tuesday.

In the letter, Mr Tinubu said the amendment is intended to strengthen the institutional capacity, efficiency, and effectiveness of the Court of Appeal in line with constitutional provisions and evolving realities in the justice sector.

“The bill seeks to increase the number of justices of the Court of Appeal from 70 to 110 and provide clarification of judicial structure and seniority,” the president said.

He added that the bill introduces a restructuring of the ranking system within the court, including provisions on the ranking of the president of the Court of Appeal and the determination of seniority among justices.

On the proposed ADR Centre, Mr Tinubu explained that the initiative would allow certain appellate matters to be resolved outside the conventional court process.

“The bill provides for the conduct of proceedings of the Court of Appeal through electronic and audio means, and the establishment of an Alternative Dispute Resolution Centre (ADRC).

“The bill seeks to establish an Alternative Dispute Resolution Centre within the Court of Appeal, where appellate matters may be referred for settlement,” the president added.

Reasons For Reforms

The president said the reforms are designed to improve professional efficiency and legal certainty in appellate practice in line with modern institutional standards.

He noted that the amendment will also update terminology and definitions in the principal Act, including the formal recognition of virtual hearings and modern correctional nomenclature.

“The bill also seeks to update terminology and definitions within the principal Act, including the recognition of virtual hearings and modern correctional nomenclature,” he said.

“It seeks to consolidate interpretative provisions to ensure clarity, consistency, and alignment with the current legal and institutional framework.”

Mr Tinubu noted that the amendment has become necessary due to the increasing workload at the appellate court and is expected to reduce delays in the administration of justice, strengthen access to justice, and promote public confidence in the judiciary.

Federal High Court Amendment Bill

In a separate letter, the president also transmitted a bill seeking to amend the Federal High Court Act to increase the number of judges from 70 to 90.

He further requested the Senate to screen and confirm the nomination of Oyewole Kayode as a Justice of the Supreme Court.

After the letters were read, Mr Akpabio referred the amendment bills and the nomination to the Senate Committee on Rules and Business for further legislative action.

The committee, whose responsibility lies solely in designing the Senate’s legislative agenda, is expected to list the bills on the Order Paper for Wednesday’s plenary for first reading.

If the Senate so decides, the bills may be scheduled immediately for second reading, during which the Senate Leader, Opeyemi Bamidele, will lead debate on their general principles and clauses, after which they will be referred to the Committee on Judiciary and Human Rights for public hearing.

 

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