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Youth Council Alleges Plot To Sack Emefiele Through Mass Protests

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The Council of Ethnic Youth Leaders of Nigeria, on Wednesday, an alleged plot by some individuals to discredit the Governor of Central Bank of Nigeria, Godwin Emefiele over the economic recovery plans of the President, Major General Muhammadu Buhari (retd.)

The Council at a news conference in Abuja claimed that the detractors planned to paint very bad pictures of the economic situation of the country as a cover to allegedly launch a smear campaign so that the President would sack the CBN Governor.

The CEYLON noted that the individuals wanted to use misinformation and fabricated stories to pressurize the President to sack the CBN Governor.

Speaking on behalf of the Council, the President of the Middle Belt Youth Council, Meliga Godwin, called on all the security agencies to immediately investigate these acts of economic sabotage with a view to nipping it in the bud.

The Council further alleged that the detractors were offered N2m to join in the fight against Emefiele.

He said, “It has come to a time when credible youth leaders will speak up against the ills in the society and expose it so as to bring it to a permanent end.
“Some individuals approached us to discredit Emefiele.”

He added, “Sometime in August 2021 we the leadership of the Council of Ethnic Youth Leaders of Nigeria were approached by two persons.

“The mission they disclosed was that of painting very bad pictures of the economic situation of the country as a cover to launch smear campaign asking for the sack of the Governor of the Central Bank of Nigeria.

“They ultimately claimed to be representing interests in the government who would want to use misinformation and fabricated stories to pressure the President to sack the CBN Governor and pledged that they had secured funding for the project.

“They further disclosed that the project to smear the CBN Governor and lobby for his sack would be hydra-headed which would include among other things, Court actions, which they believed they would get a compliant judge to issue orders against the CBN Governor.

“Other avenues they are pursuing are, press conferences from different groups coordinated to put pressure on the Governor and the President with the groups passing a vote of no confidence and calling for the sacking of the Governor.”

The Council added that the ultimate plot would be “a massive rally at the CBN Headquarters on the 29th of September, 2021 aimed at disrupting all activities of the bank for that day and the following day leading up to the public holidays to mark the Independence anniversary.

Godwin said, “They sought our support, cooperation, and collaboration particularly in the areas of the press conferences and mobilization for the rally.

“They pledged to pick the bills for the project and asked that a comprehensive bill be submitted to them within 48 hours for their considerations with their masters.

“For the audience granted them, they immediately made available the sum of N2, 000, 000:00 (Two Million Naira) only, which they said was for kola and for transport for members to coordinate our meetings to agree on the bill to be presented to them.

“However, upon the meeting of the entire leadership of the Council, we unanimously agreed not to accept their proposal and not to align with them on the basis that the economic policies of this administration was beginning to take shape and the figures for the growth of the GDP were looking positive.

“We also agreed that the policies of the Central Bank including the stopping of sales of Forex to BDC’s just announced by the CBN should be given reasonable time to kick in without disruption.

“We outrightly rejected their kola and transport largesse and informed them that having given it thorough consideration, we would not do their bidding and asked them to come and take it back as we would not join to pull our country down.”

A northern socio-political youth group, ‘Arewa Youth Assembly has been calling for the sacking of Emefiele.

BIG STORY

BREAKING: GTCO Becomes First Banking Stock To Exceed N100 On NGX

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Guaranty Trust Holding Company has achieved a strong mid-market showing during the July 16, 2025, trading session, surpassing the N100 milestone.

This makes GTCO the first banking stock listed under the NGX Banking Index to cross the N100 benchmark, while Stanbic IBTC Holdings remained just below at N99.

The upward movement aligns with the broader positive sentiment in the banking sector, where the NGX Banking Index has gained over 22% so far in July.

The development follows GTCO’s recent dual listing, which involved 2.29 billion ordinary shares being listed on the London Stock Exchange on July 9, 2025, and another 2.28 billion shares added to the Nigerian Exchange the next day.

The stock’s rise appears driven by investor response to its cross-border listing and its strong Q1 2024 financial performance. Month-to-date, GTCO has posted a gain exceeding 27%.

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BREAKING: Atiku Abubakar Resigns From PDP

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The presidential flagbearer of the Peoples Democratic Party in the 2023 general elections, Alhaji Atiku Abubakar, has officially withdrawn his membership from the opposition party.

Atiku submitted his resignation ahead of the 2027 general elections, following confirmation of his involvement in forming a new coalition known as the Alliance Democratic Congress.

The resignation was contained in a letter dated Monday, July 14, 2025, and addressed to the chairman of the PDP in Jada 1 ward, Jada Local Government Area, Adamawa State.

A copy of the letter was shared on X by the Special Assistant on Media to the former Vice President on Wednesday.

The letter stated, “I am writing to formally resign my membership from the People’s Democratic Party (PDP) with immediate effect.

“I would like to take this opportunity to express my profound gratitude for the opportunities I have been given by the party.

“Serving two full terms as Vice President of Nigeria and being a presidential candidate twice has been one of the most significant chapters of my life.

“As a founding father of this esteemed party, it is indeed heartbreaking for me to make this decision.

“However, I find it necessary to part ways due to the current trajectory the party has taken, which I believe diverges from the foundational principles we stood for. It is with a heavy heart that I resign, recognising the irreconcilable differences that have emerged.

“I wish the party and its leadership all the best in the future. Thank you once again for the opportunities and support.”

 

More to come…

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EFCC To Appeal Ruling Acquitting Fayose Of Money Laundering Charges

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The Economic and Financial Crimes Commission (EFCC) says it will challenge the judgment that cleared Ayodele Fayose, former governor of Ekiti state, of money laundering and fraud accusations.

In his decision on a no-case submission, Justice Chukwujekwu Aneke ruled that the prosecution did not provide enough evidence to require Fayose to present a defence.

After the judgment, EFCC counsel Rotimi Jacobs stated that the commission would obtain the certified judgment and begin the appeal process.

Fayose and his company, Spotless Investment Limited, had been re-arraigned on an 11-count charge of laundering ₦6.9 billion, allegedly during his time as governor.

The charges included allegations that Fayose received ₦1.2 billion for his 2014 campaign and accepted $5 million in cash from Obanikoro, bypassing standard banking procedures.

He was also accused of laundering several sums and using over ₦1.6 billion to purchase properties via proxies and firms such as De Privateer Ltd and Still Earth Ltd, contrary to the Money Laundering (Prohibition) Act, 2011.

During the May 19 no-case submission, Kanu Agabi, Fayose’s lawyer, argued that the prosecution failed to prove its case and pointed out that Abiodun Agbele, allegedly central to the transactions, wasn’t charged, which weakened the EFCC’s position.

“With due respect, the predicate offences do not hold water. Criminal breach of trust and conspiracy are distinct offences, and no co-conspirator was charged,” Agabi stated.

He asked the court to find that Fayose had no case to answer.

Olalekan Ojo, lawyer for the second defendant, also submitted a separate no-case application dated March 21, 2025, with supporting documents filed on May 16.

Ojo contended that the main evidence provided by the prosecution, particularly Obanikoro’s testimony, was unreliable since he confirmed there was no direct communication between Fayose and Sambo Dasuki, the former national security adviser.

Jacobs, however, urged the judge to dismiss the no-case submissions, arguing that there were unexplained financial activities that needed clarification.

He questioned why Fayose didn’t use his personal account if the money was legitimate, referencing EFCC investigator Abubakar Madaki’s claim that Fayose acquired properties through associates who later denied ownership, even though Fayose admitted the properties were his.

“If the money was clean, why not buy the properties in his name?” Jacobs asked.

He also referred to Obanikoro’s account that Fayose requested the money in cash and introduced Agbele to receive it, saying Fayose must explain these actions.

Despite these arguments, the court ruled in favour of the defendants and granted the no-case submission.

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