Today's Headlines:DSS Grills, Detains CBN Dep Gov;Why Tinubu Must Probe Past Administrations — Olanipekun
DSS Grills, Detains CBN Deputy Governor
Photo Credit:Punch papers
A Deputy Governor of the Central Bank of Nigeria, Kingsley Obiora, has been allegedly detained by personnel of the Department of State Services.
According to Peoples Gazette, the CBN deputy governor has spent four nights in the custody of the DSS.
The report said the DSS was grilling Obiora in connection with allegations of financial mismanagement under the leadership of the suspended CBN Governor, Godwin Emefiele.
Emefiele was suspended by President Bola Tinubu on June 9 following an investigation into the affairs of the apex bank.
This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy,” a statement by the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey, said.
Emefiele was arrested the following day and has been in DSS detention since then despite the court admitting him to bail.
Why Tinubu Must Probe Past Administrations — Olanipekun
Photo Credit:Vanguard papers
A Senior Advocate of Nigeria and immediate past Chairman of the Body of Benchers, Chief Wole Olanipekun, SAN, on Friday, adduced reasons President Bola Tinubu should probe all the past administrations in the country.
According to him, examination and audit of all books and records, as well as past expenditures, would provide an insight into “why the economy is grounded and why the refineries have collapsed in spite of billions, if not trillions of Naira that have been allegedly expended at refurbishing them.”
Chief Olanipekun spoke at a colloquium that was held in Abuja to mark the 25th anniversary of Chief Joe-Kyari Gadzama as an SAN.
In a paper he presented at the event, entitled; ‘The Nigeria Of Our Dreams: A Call To The Patriots’, the senior lawyer equally called for the renaming of the country.
He said: “My position is that we should stop mocking ourselves by the retention of the name Nigeria, a hypocritical and demeaning appellation given to us by Lugard’s mistress. It is intriguing that, till date, we have not mustered sufficient courage to drop this denigrating appellation. Come to think of this, the French named their French colony Niger, while the British gave us the ridiculous appellation Nigeria.
Photo Credit:Google
Tinubu Not Considering Me As CBN Governor _Elumelu
Photo Credit:Daily Trust
Tony Elumelu, Chairman of Heirs Holdings, has denied reports that he is being considered as the next governor of the Central Bank of Nigeria (CBN).
In a social media post, one Imran Muhammad had quoted a source as saying President Bola Tinubu is considering Elumelu to lead the apex bank.
According to a source President Tinubu is also considering Tony O. Elumelu as CBN governor,” the tweet read.
Responding in another post, Elumelu said, “No please. This is false news.”
Elumelu is a successful banker, who served as CEO of United Bank for Africa (UBA), one of the leading banks in Nigeria, with branches across the world.
FG Unveils Plans To Strengthen Naira
Photo Credit:The Nation papers
The Federal Government is considering mopping up foreign exchange outside the system as part of the strategy to address the current scarcity and shore up the Naira, Finance and Coordinating Minister of the Economy Wale Edun, announced yesterday.
Edun told reporters at his maiden press conference in Abuja that the fiscal authorities would work with the Central Bank (CBN) to attract foreign exchange into the country from different sources.
He spoke on a day Anambra State governor, Charles Soludo, said the economy inherited by President Bola Tinubu was akin to a “dead horse standing.”
The former CBN governor said dealing with the economy would be tough and “coming months will be bumpy.”
Shedding light on the plan to salvage the Naira, Edun said: “There are substantial sources of foreign exchange open to Nigeria.
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