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Naira redesign didn’t follow standard procedure, ex-acting CBN boss tells court

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Naira redesign didn’t follow standard procedure, ex-acting CBN boss tells court

Folashodun Shonubi, a witness in the trial of former Central Bank of Nigeria (CBN) governor Godwin Emefiele, told the High Court of the Federal Capital Territory (FCT) yesterday that the naira redesign policy did not follow standard procedure.

Shonubi, a former CBN Acting Governor, said there were intrigues and politics around the 2022 redesign policy.

The former Deputy Governor (Operations) said: “When we had meetings with the defendant (Emefiele), he said there were politics and intrigues around the whole exercise.”

Led in evidence by Rotimi Oyedepo (SAN), the witness said the redesigned naira notes produced by the CBN under Emefiele were not the same as those approved by ex-President Muhammadu Buhari.

He said the memo presented to the president for the redesign was solely prepared by Emefiele.

Shonubi said the normal procedure was for the Currency Management Department to recommend a redesign, after which a paper would be submitted to the Committee of Governors (COG) for consideration.

Upon the COG’s approval, the CBN Board would make a recommendation to the President.

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The witness said after the President’s approval was received, the bank would then set up an internal committee to execute the currency redesign.

Shonubi, a member of both the COG and CBN Board, told the court that Emefiele killed the recommendation made in early 2021 by the bank’s Currency Department for a redesign.

He said: “The CBN did not follow the procedures (for redesigning the currency). I was a member of the CBN Board as Deputy Governor.

“The chairman of both the COG and board was the governor. In early 2021, the Currency Department recommended the redesign of the currency notes.

“A paper was presented to me and on the instruction of the governor (Emefiele). It was stepped down.

“In 2022, we again represented the paper and were asked to hold on.

“In mid-October 2022, the Deputy Governors were invited to a meeting in the office of the Governor where he (Emefiele) informed us that he had presidential approval for currency redesign.

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“He showed us the memo, Mr President’s signature and instruction on the last page.”

Shonubi said under cross-examination by ace defence counsel Olalekan Ojo (SAN) that he was not aware of the discussions between the defendant and the former President over the redesign policy.

The Economic and Financial Crimes Commission (EFCC) is trying Emefiele on a four-count charge of illegal acts causing public injury.

He pleaded not guilty.

Justice Maryanne Anenih adjourned till Tuesday.

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APC appoints Ali Bukar Dalori as acting National Chairman

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The All Progressives Congress (APC) has appointed Hon. Ali Bukar Dalori as the acting National Chairman of the party following the resignation of Dr. Abdullahi Umar Ganduje.

Dalori, who currently serves as the Deputy National Chairman (North), was directed by President Bola Ahmed Tinubu to assume the leadership role in an acting capacity pending the meeting of the party’s National Executive Committee (NEC), which is being convened immediately to fill the vacancy.

The announcement was contained in an official statement signed by the party’s National Publicity Secretary, Felix Morka, on Friday in Abuja.

According to the statement, Ganduje tendered his resignation with immediate effect in order to attend to “urgent and important personal matters.”

Dalori’s appointment comes nearly two years after Ganduje was appointed National Chairman in August 2023, succeeding Senator Abdullahi Adamu.

During his tenure, Ganduje was praised for promoting party cohesion, driving electoral strength, and overseeing key defections into the party.

With Dalori now at the helm, the APC said it remains “steadfast and unwavering” in delivering President Tinubu’s Renewed Hope Agenda and sustaining internal unity.

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The party expressed gratitude to Ganduje for his “invaluable contributions and distinguished record of service” and extended well wishes for his future endeavours.

 

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Fresh details as Tinubu signs tax reform bills into law

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Fresh details as Tinubu signs tax reform bills into law

President Bola Tinubu has signed the four tax reform bills into law. Tinubu assented to the bills at the Presidential Villa on Thursday.

The four proposed laws are the Nigeria tax bill, the Nigeria tax administration bill, the Nigeria revenue service (establishment) bill, and the joint revenue board (establishment) bill.

The signing ceremony was attended by Senate President Godswill Akpabio, Tajudeen Abbas, speaker of the house of representatives, and Julius Ihonvbere, house majority leader.

Also present were Abdulrazaq Abdulrahman, governor of Kwara, Hope Uzodinma, his Imo counterpart, and Wale Edun, minister of finance, among others.

Tinubu transmitted the proposed legislation to the national assembly on October 3, 2024, urging lawmakers to pass the tax reform bills.

The bills initially faced opposition from the northern governors, who argued that the proposed laws could harm the region’s interests, asking the national assembly to reject the bills and demanding fair and equitable implementation across all regions.

However, in January, the Nigeria Governors’ Forum (NGF) endorsed the bills after agreeing on an “equitable” VAT-sharing formula.

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The house of representatives passed the bills in March, while the senate approved them in May.

On June 18, the legislature transmitted the bills to the president for assent.

Speaking earlier on Thursday, Tinubu said the tax bills will unify the country’s fragmented tax system.

“They (tax reform bills) deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu said.

“For too long, our tax system has been a patchwork—complex, inequitable, and burdensome. It has weighed down the vulnerable and shielded inefficiency. That era ends today.”

Tinubu added that the bills will eliminate wasteful duplications, reduce red tape, restore investor trust, and promote transparency and coordination at all levels.

 

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Businessman, Pebeto Enerji Limited arraigned by EFCC for $75,000 fraud

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EXCLUSIVE: Detained Abuja Pastor Amos Isah raped 14-year-old in church, threatened to kill her if she exposed him – Family written by Reporter June 26, 2025 – Prayed For Her Before And After Assault The detained founder and lead pastor of Prophetic Victory Voice of Fire Ministry in Gwagwalada, Abuja, Amos Isah, allegedly threatened to kill the 14-year-old girl he is accused of raping in the church auditorium, along with her family, if she spoke out. Isah was arrested and detained by the Federal Criminal Investigation Department (FCID) over allegations of raping the minor. The arrest, which took place last week, has sent shockwaves through the community, as Pastor Isah was known for his charismatic sermons and claims of divine power. His church, located behind Noble Noel Academy, opposite Gwagwalada Market in Abuja, has been a centre of worship for many residents. A review of his Facebook page shows that Isah frequently posted messages about holiness and moral uprightness, contrasting sharply with the allegations against him. However, a member of the girl’s family told SaharaReporters on Wednesday that Isah has a history of preying on underage girls, often taking them to secluded areas in his tinted-window car. The source asserted that the abuse escalated when Isah invited the girl to the new church auditorium office, which had been prepared by female church members but was not yet in full use. The source explained that once inside, he locked multiple doors to prevent escape, allegedly rubbed her head, asked her to kneel and then prayed for her before the assault. The family source added that after the Isah saw blood, he gave the victim N3,000 for “medication,” prayed for her again, and then threatened to kill her and her family if she ever exposed him. The source said: “Pastor Amos Isah has been preying on minors. There are others involved, and the police already have investigations underway, so this is not a hidden matter. “The girl in question is an only child, aged 14 (nearly 15 at the time of the incident). From the start, he followed his usual pattern: luring girls, taking them to bushes in his tinted-window car, where he would assault them. “He will have even slept with the girl when she was 13, because there was a time he took her in the car, and then he took her to a lonely bush. He first contacted the girl through her mother’s phone. He told her to meet him at the church. “When she arrived, he manipulated the situation, making it seem like her mother had sent her. Later, he instructed his assistant, Segun, to direct the girl to meet him at Mobil. His intention was clear: to assault her. “He drove her past his church member’s shop and told the girl to lay low to avoid being seen by church members, then drove to a remote area near Sharia Court in Gwagwalada, parked, and moved to the back seat. When he tried to remove her clothes, she protested, saying she was too young. He backed off but questioned her about her relationships, warning her not to tell anyone. “The abuse escalated when he called her to his office—a secluded space in the new auditorium, which women had prepared but he had not moved into. He invited her on a Wednesday, but she said she couldn’t make it because she was at her mother’s shop. He invited her again on a Monday to the new auditorium, locked multiple doors, ensuring no escape. When the girl protested, he rubbed her head and asked her to kneel down and prayed, after which he forced himself on her despite her resistance. “Afterward, he threatened her, gave her ₦3,000 for ‘medication’ after seeing blood on her. He asked her to kneel down again, prayed for her, and told her to go but warned her not to speak out, implying he had police connections who could harm her or her family. “The girl later confided in her mother, who took her to a counsellor. Fearful, the girl begged her mother not to tell her father. When the father eventually found out, he reported the case to the police.” SaharaReporters

A businessman, Peter Otomewu and his company, Pebeto Enerji Limited, were on Monday arraigned by the Economic and Financial Crimes Commission, before the Ikeja Special Offences Court for allegedly defrauding a petroleum services company of $75,000.

The defendants were docked on a two-count charge bordering on obtaining money by false pretence and stealing, preferred against them by the EFCC.

The anti-graft agency’s prosecution counsel, M.S. Owede, told the court that Otomewu and his firm committed the alleged offences sometime in 2018.

Owode told the court that the defendants fraudulently obtained the sum of $75,000 from Virgin Forest Energy Limited under the false pretext that they had a vessel, MT AYSU, capable of transshipping petroleum products from a mother vessel.

The prosecutor alleged that the representation was false and that the money was never used for the stated purpose.

Otomewu and his firm were accused of dishonestly converting the entire $75,000 property of Virgin Forest Energy Limited to their use.

According to the EFCC, the offences committed contravened Sections 278, 278(1), and 411 of the Criminal Law of Lagos State, 2015, and Section 1(1)(a) and 1(3) of the Advance Fee Fraud and Other Related Offences Act, 2006.

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However, both defendants who were docked before Justice Mojisola Dada pleaded not guilty to the charges against them when it was read.

Following the not-guilty plea, Owede asked for a trial date and also urged the court to remand the first defendant, Otomewu, in a correctional centre.

But the defence counsel, Mr Peter Ajabor, however, prayed the court to grant bail to the defendants on liberal terms.

Consequently, Justice Dada granted bail to the defendants in the sum of N50m, with two sureties in like sum.

The judge ordered that the sureties must be gainfully employed and reside within the court’s jurisdiction.

She also ordered that the sureties must have N50m in their bank accounts.

Justice Dada further ordered the remand of Otomewu in the correctional centre, pending the perfection of the bail conditions.

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The matter was adjourned to September 29, 2025, for commencement of trial.

 

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EFCC quizzes Abuja businesswoman Halimat Tejuosho over alleged appointment scam

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EFCC quizzes Abuja businesswoman Halimat Tejuosho over alleged appointment scam

The Economic and Financial Crimes Commission (EFCC) has interrogated an Abuja-based businesswoman, Halimat Tejuosho, over her alleged involvement in an appointment and contract scam.

Tejuosho, said to be the founder of Haleems Integrated Services Limited, was reportedly quizzed after victims accused her of using false pretenses to obtain funds in exchange for promises of federal appointments and lucrative government contracts.

Counsel to one of the victims, Chief Tolu Babaleye, alleged that Tejuosho ran an elaborate scheme involving forged documents and fake appointment letters to deceive unsuspecting individuals.

He claimed she posed as an aide to the National Security Adviser, Mallam Nuhu Ribadu, to lend credibility to her claims.

“The court had earlier recommended her for prosecution on charges bordering on Advance Fee Fraud, Criminal Diversion of Funds, Criminal Breach of Trust, and Cheating,” Babaleye said.

He also alleged that Tejuosho used her involvement in humanitarian and NGO activities as a smokescreen to attract victims and gain their trust.

EFCC Spokesperson, Mr Dele Oyewale, confirmed that she was invited for questioning and has since been granted administrative bail under stringent conditions.

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Investigations are ongoing, and the commission says she may be formally charged to court in the coming weeks.

The anti-graft agency also urged other potential victims to come forward, reiterating its resolve to clamp down on all forms of financial crime.

 

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BREAKING: No date for Fubara’s return as Pro-Wike blocks suspended governor

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BREAKING: No date for Fubara's return as Pro-Wike blocks suspended governor

Suspended Rivers State Governor Siminalayi Fubara is not anticipated to return to office despite his recent meeting with President Bola Ahmed Tinubu at the latter’s residence in Lagos.

Reports indicate that photographs of Fubara’s meeting with Tinubu circulated widely on social media, coinciding with discussions regarding the ongoing crisis in Rivers State.

This situation places him in a precarious position, particularly as lawmakers aligned with former Governor Nyesom Wike have expressed dissatisfaction with his association with Tinubu.

ThePapers has learned exclusively that Fubara is currently lobbying for his reinstatement; however, he has not yet fulfilled certain conditions that were mutually agreed upon.

Sources in Lagos have disclosed that Fubara’s return is not imminent, contrary to some media reports, emphasizing that there are specific conditions he continues to negotiate, which may further delay his anticipated reinstatement. Additionally, another source has indicated that certain decisions would need to be reversed if his suspension were to be lifted. However, the governor appears to be attempting to appease Wike’s adversaries by neglecting these critical aspects during negotiations.

“As for the President, he has no problem in lifting his suspension today, but the suspended governor is trying to dodge some agreed terms which are part of the problem and there’s no way the crisis won’t continue if he returns.

“The President has told him to meet everyone affected and make peace with them, that everyone should speak in his favour and let the matter end in peace. But Fubara is ignoring some people of course.”

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Fubara’s major now is Pro-Wike who are yet to agreed on certain terms and are set to meet the president over their own grievances.

Meanwhile, former President Goodluck Jonathan is among high-profile Nigerians quietly lobbying for the reinstatement of suspended Rivers State Governor Siminalayi Fubara, with mounting expectations that a resolution could be reached before June 12, according to Politics Nigeria.

It is understood that Jonathan has already engaged President Bola Tinubu in a lengthy telephone conversation, advocating for Fubara’s return “on or before June 12 in the spirit of Democracy Day.”

Governor Fubara was suspended on March 18 following a controversial presidential order. The decision, widely described as unconstitutional, has drawn sharp criticism from legal experts and political observers who argue that “there is no part of the Constitution which empowers the president to suspend/remove an elected governor,” even in the event of emergency rule.

Fubara, his deputy Ngozi Odu and state lawmakers were suspended for six months following heightened tension between the governor and his predecessor Nyesom Wike.

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Crime

Court remands doctor in EFCC custody over alleged ₦39 million caregiver job, visa scam

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The National Judicial Council, under the Chairmanship of the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, has constituted a committee to investigate multiple allegations against Osun State Chief Judge, Hon. Justice Adepele Ojo and others.

Dr. Nekabari Dambere Nathan, a medical practitioner based in Port Harcourt, Rivers State, has been arraigned by the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding clients of N39,157,000 under the guise of providing international visas and job placements.

Nathan was arraigned alongside his company, Global Horizons Academy Ltd, on Thursday, before Justice P. I. Ajoku of the Federal High Court sitting in Port Harcourt, Rivers State, on a one-count charge bordering on obtaining by false pretence and advance fee fraud.

According to the charge, between April 8 and December 12, 2023, Nathan allegedly obtained N39.1 million from Justice Toojah Iyieagbu, Managing Director of Riskout Consults, claiming the money was for processing visas to Canada, Ireland, and the United States of America for his clients.

The EFCC stated that the promise was false and constituted an offence under Section 1(1)(a) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act.

The charge reads in part: “That you, Dr. Nekabari Dambere Nathan and Global Horizons Academy Ltd between 8th April, to 12th December 2023 at Port Harcourt within the jurisdiction of this Honourable Court, with intent to defraud, did obtain the sum of Thirty-Nine Million, One Hundred and Fifty-Seven Thousand Naira (N39,157,000,00 only), from Justice Toojah lyieagbu, the Managing Director of Riskout Consults, which was meant for processing of visa for his clients for Canada, Ireland and the United State of America, a pretence you knew to be false and thereby Committed an offence contrary to Section 1(1) (a) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act.”

Dr. Nathan pleaded “not guilty” to the charge.

Following the plea, prosecution counsel A. Abubakar requested a trial date and urged the court to remand the defendant in a correctional facility.

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Defence counsel Friday Otanjah informed the court that a bail application had already been filed on medical grounds, requesting the court to grant the defendant bail to enable him to stand trial.

Justice Ajoku ordered that the defendant be remanded in EFCC custody pending the bail hearing and adjourned the case to June 25, 2025, for hearing of the bail application. The trial was scheduled to commence on November 27, 2025.

According to the EFCC, the case followed a petition filed by Iyieagbu, who alleged that Dr. Nathan posed as a professional caregiver trainer and travel agent. The petitioner said Nathan falsely promised to secure visas, job placements, and enrollment in IELTS exams for Nigerian students interested in relocating abroad.

Iyieagbu alleged that multiple students transferred the total sum of N39.1 million to Nathan, who thereafter became unreachable and allegedly frustrated all efforts to recover the funds.

 

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