If there was any government official that has kept millions of Nigerians on their knees for the past nine years or thereabouts, it definitely has to be the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.
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10 unforgivable sins committed by Emefiele

10 unforgivable sins committed by Emefiele
Emefiele has been suspended by President Tinubu with immediate effect and the possibility of him returning to the CBN is almost non-existent.
Emefiele finally met what might appear to be his waterloo on Friday, June 10, 2023, when the presidential hammer landed on his ever-shining, but delicate head.
In a not-so-shocking development, President Bola Tinubu dropped the axe on Emefiele who had caught the figure of a pariah in some sort, largely due to the excruciating effects of his many ill-thought-out, poorly-executed fiscal and monetary policies on Nigerians.
The reactions that have trailed the controversial CBN governor’s suspension so far suggested that President Tinubu may jolly well have ended the reign of economic terror and wanton financial servitude most Nigerians were subjected to in the last decade.
When the news broke on Friday night, you could hear a national sigh of relief, so silent, but still audible enough to reverberate across the country. It was one of such very rare occasions when Nigerians collectively agreed on a course of action.
Such was the kind of impact Emefiele had on the nation. He was not only one of the longest-serving government appointees but also held a position that was crucial to the economic prosperity and survival of Africa’s most populous country and its citizens.
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But, his stint will be etched in the annals of history as the one that ushered Africa’s biggest economy into the worst economic phase in its over 60 years of nationhood.
Having been privileged to serve under three different presidents, one would imagine that Emefiele will exit office amid pumps and pageantry, but the reverse is clearly the case.
Below are 10 reasons Nigerians may never forgive Emefiele
1 Naira plunged to an all-time low: Under Emefiele’s watch, the nation’s currency suffered a great deal. The naira, which was exchanging for ₦190 to one United States dollar before he assumed office in 2014, sank to an all-time low, trading at over ₦750 at the parallel market as of Friday.
2 Encouraged forex arbitrage and round-tripping: Against advice by experts, including the International Monetary Fund (IMF) and the World Bank, that the naira should be allowed to find its true value, the suspended CBN governor spent trillions of naira trying to defend the currency but to no success.
He also created a window for Importers and Exporters to access dollars at subsidised rates in a bid to keep inflation at bay. While the answer to whether the intervention was successful or otherwise is still blowing in the wind, what is in no doubt is the price discrepancy it created in the market.
As a result of this, some unscrupulous elements who are opportune to access forex in the I&E window smiled to the banks at the expense of the Nigerian masses by profiting heavily from currency arbitrage and round-tripping.
3 Banned Crypto trading: Arguably, the biggest blow Emefiele dealt the young population was his decision to prohibit banks from dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges in Nigeria in 2021.
Justifying his decision to ban cryptocurrency-related transactions in the country, he claimed that digital currency was being used for money laundering and terrorism, adding that the use of cryptocurrencies in Nigeria is a direct contravention of existing law.
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Though the apex bank promised to bring up a regulatory policy framework for the implementation of cryptocurrencies in the country, not much has been heard about that since.
4 Accused a website of causing naira devaluation: Perhaps the most ridiculous act from an apex bank governor anywhere in the world. Frustrated by his failure to rescue the falling naira, in September 2021, Emefiele accused AbokiFX of economic sabotage.
The online platform is famous for publishing daily foreign exchange rates in the parallel market and is a popular reference point for traders. But, the suspended CBN governor said, by publishing speculative black market rates, the platform and its founder, Oniwinde Adedotun, were influencing the naira value.
5 Dabbled into politics: If his sins were to be ranked, this particular one will take the top spot. In a very surprising move and against the rules of his office, Emefiele decided in his wisdom that he wanted to succeed President Muhammadu Buhari as Nigeria’s president.
Even though he never came out to declare this ambition, pictures emerged online of campaign vehicles painted with his image on them. Also, a group of All Progressives Congress (APC) supporters purchased the party’s presidential expression of interest and nomination forms in his name.
As criticisms grew about his inordinate ambition, Emefiele approached the court to seek clarification on whether he is eligible to contest for president without resigning his position as the CBN governor. The court ruled against him.
6 Introduced Naria re-colouration and cashless policy: Reeling from his failed presidential bid, Emefiele decided to get back at the politicians who he believed thwarted his dream and sold the dummy of naira redesign and cashless policy to the former President.
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Against the expectations of many Nigerians, the purported naira redesign later turned out to be a mere recolouration as the affected notes still retained their old designs with just a little colour variation.
However, his intention became clearer as we approached the last general elections. What was meant to be a cash swap later turned to cash confiscation as Nigerians were denied access to their money, leading to protests and chaos in several states across the country.
7 Alleged Terrorism financing: While this still remains in the realm of speculation, several reports have alleged that the Department of State Services (DSS) has established a link between the embattled banker and terror financing in the country. He was accused of funding the activities of the proscribed pro-Biafra group, IPOB and other such groups in the country.
8 Refused to pay Paris Club refund: Emefiele has a pending case before Justice Inyang Ekwo of the Abuja Federal High Court over his refusal to effect payment of $53 million judgement debt arising from the Paris Club refunds.
The suspended CBN governor was initially invited to appear before the court on January 18, 2023, to explain his refusal to obey a valid order for payment of a $70m debt.
Emefiele has only released $17 million, leaving $53 million in unpaid debt.
9 Failed to tame raging inflation: Despite spending trillions of naira in form of interventions to bring down inflation, Emefiele successfully failed in this singular task as inflation surged to an 18-year high from 9% in 2014 to 22% in 2023.
10 Illegally printing money: Emefiele was also accused of printing money for the federal government to the tune of ₦22 trillion, an action considered to be illegal for an apex bank.
10 unforgivable sins committed by Emefiele
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Attack on Mufty of Ilorin: Onikijipa Family Charges Stakeholders to Call Sheikh Habibullahi Al-Ilory to Order

Attack on Mufty of Ilorin: Onikijipa Family Charges Stakeholders to Call Sheikh Habibullahi Al-Ilory to Order
Stakeholders in Ilorin Emirate have been asked to call to order the Mudirul, Markaz Centre for Arabic and Islamic Studies, Agege, Lagos State, Sheikh Habibullahi Adam Al-Ilory, over his persistent attacks on the personality of the Grand Mufty of Ilorin, Sheikh Suleiman Faruq Onikijipa.
In a statement issued in Ilorin on Sunday and obtained by Just Event Online TV , the Magaji Onikijipa Compound, Alhaji Abdulrahman Suyuti Onikijipa, on behalf of the family, said there is no distinction between the descendants of Onikijipa as they remain an indivisible entity.
The statement was titled “No Bastard among the Onikijipa: A Rejoinder to Habibullah Adam Al-Ilory”.
It clarified that the statement credited to Habibullahi Al-Ilory that the father of Grand Mufty of Ilorin, Sheikh Faruq Onikijipa was not a member of Onikijipa was not only false but a lie from the pit of hell.
The statement explained that Sheikh Habibullahi Al-Ilory’s unsubstantiated claim was borne out of mischief and a ploy to create a wedge among Onikijipa family, insisting that the family does not harbour a bastard.
It recalled that this was not the first time the Mudirul Markaz would try to rewrite history of Onikijipa even in explicit contradictions to his father, Sheikh Adam Abdullahi Al-Ilory’s narrations in his mere usual bid to claim the “all-knowing”.
The statement noted that Sheikh Habibullahi Al-Ilory was out to discredit the good image of the Grand Mufty of Ilorin, adding that he has made attacks on anyone as his own trademark.
It described as bogus the claim attributed to Sheikh Habibullahi Al-Ilory that only Alfa Alabi Onikijipa is the original Onikijipa and maintained that both Alfa Alabi Onikijipa and Alfa Faruq Onikijipa, the father of the Mufty of Ilorin are brothers and one family.
“We are compelled to release this statement in view of the recent shenanigan being displayed by Habibullah Adam Al-Ilory. We would not have responded to the story he put up in his head for reasons best known to him, but for the important need to set the record straight so that in the future people will not doubt our history as one strong Onikijipa family. This is not the first time this individual has tried to rewrite history even in explicit contradictions to his father’s narrations in his mere usual bid to claim the “all-knowing”. He is the only one who can help us to understand the reasons for doing that. As far as we are concerned, he is just being mischievous.
“On Friday 21st of Ramadan, Habibullah Adam Al-Ilory informed his listeners that he wanted to attack the Onikijipa family. During his daily tafsir, he went astray to attack our family in his usual nonsensical manner, an attempt to create disunity among us. But for his information, we are one strong indivisible family.
“There are some points that need to be addressed.
Habibullah Adam Al-Ilory claimed that our illustrious son, Sheikh Suleiman Faruq Onikijipa, the grand Mufty of Ilorin, is angry with Sheikh Adam Al-Ilory, Habibullah’s father, because the sheikh did not mention Sheikh Suleiman Faruq’s father in his book. This is not only laughable but a lie from the pit of hell. Habibullah should inform us the point at which Sheikh Suleiman said this and in what context. We believe this is just another lie to discredit the Mufty’s good image. That is Habibullah Adam Al-Ilory trade mark: he attacks everyone. He recently did the same to the people of Agbogunmati.
“As if that was not enough, Habibullah Adam Al-Ilory narrated that Sheikh Suleiman’s father is not a member of Onikijipa. This is another nonsense! His theory is that any house or household in Ilorin that is situated outside the main compound is not part of the family. Such a household, according to his theory, must have been given or gifted to the land. They are not originally part of the family. One begins to wonder if Habibullah Adam Al-Ilory remembers where his own family house is situated in Ilorin. It is there for everyone to see.
“Habibullah Adam Al-Ilory, in his desire to create disunity among us, claimed that Alfa Alabi Onikijipa is the original Onikijipa. If we had not heard this ourselves, we would not have believed it is coming from a man, who is expected to know better. But it is not surprising; that is his way. He attacks without a reason. He comes up with all sorts of theories just prove anything! There are instances out there. But this is our story, Alfa Alabi Onikijipa and Alfa Faruq Onikijipa are brothers and one family. There is no separation among us. It is even more worrisome that such a respected scholar is using “show me your father’s grave” theory as a proof of originality. Pathetic!
It is really appreciative if this man is called to order by stakeholders from Ilorin Emirate. Using his own words, he should not let people begin to “dig his own dead”. But we the Onikijipa are learned and respectful. We will not become pig”, the statement read partly.
Attack on Mufty of Ilorin: Onikijipa Family Charges Stakeholders to Call Sheikh Habibullahi Al-Ilory to Order
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Natasha says she won’t be forced into submission, denies apology

Natasha says she won’t be forced into submission, denies apology
Suspended Kogi Central Senator Natasha Akpoti-Uduaghan has denied reports that she apologised to the Senate over the issue that led to her suspension.
In a statement released on Monday, Akpoti-Uduaghan condemned the charges as “false and misleading,” asserting that she maintains her position.
“The reports suggesting that I have apologised to the Senate and retracted my position are completely untrue. I stand firmly by my words and actions and have not issued any apology to the Senate or anyone regarding this matter,” she said.
She chastised individuals disseminating false claims, accusing them of attempting to distort the truth and misinform the public.
The senator, who was suspended following a disagreement with Senate leadership, stated that she is still devoted to defending her constituents’ rights and that some people are attempting to mislead public opinion with false remarks.
“I urge the public to disregard these rumours and publications, as they do not represent my position. My commitment remains to truth, justice, and the people I represent.”
Natasha also expressed concern over what she called a planned effort to silence her voice in the National Assembly.
She stated, “This is not just about me; it is about the integrity of our democracy. I will not be intimidated or forced into submission through false narratives.
Natasha urged Nigerians to be careful of misinformation, adding that any official statement from her would come only from her verified channels.
“I appreciate the support and solidarity of my people. Rest assured, I will continue to fight for what is right and just.”
Following her suspension from the Senate, some have advocated for Akpoti-Uduaghan’s recall.
The recall effort came after she was suspended from the Senate following a heated debate with Senate President Godswill Akpabio over seating arrangements.
She also accused Akpabio of sexual harassment and has subsequently taken her case to local and international media outlets, as well as the United Nations Inter-Parliamentary Union.
Natasha says she won’t be forced into submission, denies apology
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UNIOSUN mourns as 5 students die in auto crash

UNIOSUN mourns as 5 students die in auto crash
A tragic auto accident on the Ikire-Ibadan expressway has claimed the lives of five students from Osun State University (UNIOSUN), Osogbo.
The fatal crash, which occurred on Sunday, March 23, 2025, at Balogun Area of Ikire, involved a luxurious bus traveling from Ibadan and an 18-passenger bus from Osogbo. Reports indicate that both vehicles collided head-on, resulting in multiple casualties.
In addition to the UNIOSUN students, five other individuals also lost their lives in the horrific accident, bringing the total death toll to ten.
Authorities have yet to release an official statement on the cause of the crash, but emergency responders were on the scene to provide assistance.
A statement released by the Institution’s Public Relations Officer, Ademola Adesoji, stated that reports from the Nigerian Police and the Federal Road Safety Corps (FRSC), that the accident was caused by the head-on collision of the two buses, leading to a severe impact that claimed the lives of several passengers.
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“Our University Management, upon receiving this distressing news, swiftly dispatched a team to the scene to identify and support any of our students involved in the accident.
“Regrettably, we confirm the loss of the following students; Olagbemide Dotun, a 200-level student of Software Engineering, Suleiman Farouq, a 400-level student of Law, Ogundare Pelumi, a 300-level student of Public Health, Ogundare Elijah, a 100-level student of Mechanical Engineering and Olawuyi Mary, a 200-level student of Nursing.
“However, one of our students, Olagbemide Damilola, a 200-level student of Medicine and Surgery, survived the accident and is currently receiving medical attention.
“Osun State University is working closely with the relevant authorities to gather more details on the circumstances surrounding the accident. We are also providing necessary moral and logistical support to the bereaved families, including funeral arrangements for the deceased students.
“This tragic loss has deeply shaken our University community. Our thoughts and prayers are with the families and loved ones of the deceased. We urge our students, staff, and the entire university community to remain calm and supportive during this difficult time”, he said.
UNIOSUN mourns as 5 students die in auto crash
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