Buhari's negligence of happenings at CBN ruined economy - Tinubu aide – Newstrends
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Buhari’s negligence of happenings at CBN ruined economy – Tinubu aide

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Buhari’s negligence of happenings at CBN ruined economy – Tinubu aide

The Presidency says ex-President Muhammadu Buhari’s administration has to take responsibility for many of the fraudulent activities that occurred at the Central Bank of Nigeria under Mr Godwin Emefiele.

It accused the administration of not paying due attention to the happenings at the CBN under Emefiele, which ultimately brought the national economy to its knees.

Special Adviser to President Bola Tinubu on Media and Publicity, Ajuri Ngelale, made the disclosures while speaking in an interview with a media personality, Chude Jideonwo, aired on Channels Television Monday night.

He said many approvals for the release of funds within the CBN under Emefiele did not have the signature of the former president.

“The prior administration does have to take responsibility for the fact that Governor Emefiele was left in office even though he was inherited and he was given a second term to continue doing what he ended up doing.

“That responsibility and that decision were made by President Muhammadu Buhari irrespective of the fact that President Buhari knew what was going on in the Central Bank of Nigeria. So, there is a responsibility to be taken there. I have to be very categorical about that.

“I think we have to acknowledge the fact that he (Tinubu) understands more than anyone that many of the approvals within the CBN that brought us to this point had no signature to President Muhammadu Buhari and had no knowledge of President Muhammadu Buhari,” Ngelale said.

Emefiele was first appointed as CBN governor by President Goodluck Jonathan but was retained by Buhari who renewed his tenure at the apex bank.

He was removed last June and is standing trial before Justice Muazu on 20-count amended charges bordering on corrupt advantages, conspiracy, criminal breach of trust, forgery and obtaining by false pretenses to the tune of $6,230,000.

He was accused of impersonating a former Secretary General of the Federation (SGF), Boss Mustapha, to illegally obtain the sum.

Ngelale also said that while Buhari recorded many achievements in other areas such as infrastructure and ease of doing business, his negligence in what was happening in the CBN brought the economy to where it is today.

He said that even though President Tinubu supported Buhari’s administration, he had not hesitated to disclose to Nigerians things that were unhealthy to the economy that happened under his predecessor.

“I think I have been very clear that the prior administration does have to take responsibility for the fact that Governor Emefiele was left in office even though he was inherited and he was given a second term to continue doing what he ended up doing.

“That responsibility and that decision were made by President Muhammadu Buhari irrespective of the fact that President Buhari knew what was going on in the Central Bank of Nigeria. So, there is a responsibility to be taken there, I have to be very categorical about that

“Now, that does not however mean that you throw the baby out with the bath water. We don’t say because these thing happened in the Central Bank of Nigeria President Buhari was devoid of achievements or devoid of progressive administration.

“Having infrastructure matters, working on ease of doing business, making sure that people can register a company in 48 hours as against six months before they came into office, these things actually have impacts with the responsibility attracting investments into the country.”

Ngelale cited the $6.2m said to have released in cash by the CBN for the purpose of taking care of foreign election observers as one of those approvals that had Buhari’s signature which turned out to have been allegedly forged.

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Just in: Tinubu swears in Rivers Sole Administrator Ibas

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Just in: Tinubu swears in Rivers Sole Administrator Ibok-ete Ibas 

President Bola Tinubu has sworn in Vice Vice Admiral Ibok-ete Ibas (Retd.) as the Sole Administrator of Rivers State.

The administrator was sworn in on Wednesday after a short meeting with the President.

Tinubu announced the appointment of the retired naval chief at a nationwide broadcast on Tuesday, when he declared a state of emergency in Rivers State and suspended Governor Siminalayi Fubara, Deputy Governor, Ngozi Odu, and the state House of Assembly members.

The President said his decision was based on Section 305 of the 1999 Constitution, saying he could not continue to watch the political situation in Rivers escalate without taking concrete action.

The suspension of Fubara and other elected representatives has been rejected and condemned by many eminent Nigerians, legal luminaries, groups such as Atiku Abubakar, Peter Obi, Femi Falana, the Labour Party (LP), the Peoples Democratic Party (PDP) and the Nigerian Bar Association.

However, the emergency rule has been praised by the pro-Nyesom Wike Assembly led by Martins Amaewhule, accusing Fubara of contravening the Supreme Court ruling on the political situation in the state.

Ibas was the Chief of Naval Staff from 2015 to 2021.

He is from Cross River State where he had his early education.

The new sole administrator went to the Nigerian Defence Academy in 1979 from where he proceeded to have a successful career in the Navy, rising through the ranks to the very top.

He is a member of the Nigerian Institute of International Affairs (NIIA) and the Nigerian Institute of Management.

President Muhammadu Buhari who appointed him as Chief of Naval Staff conferred him with the National Honour of Commander of the Federal Republic (CFR) in 2022.

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Breaking: Tinubu declares state of emergency in Rivers State

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Breaking: Tinubu declares state of emergency in Rivers State

 

President Bola Tinubu on Tuesday night declared a state of emergency in Rivers State following the protracted political crisis in the state.

Tinubu made the declaration during a nationwide broadcast, saying it is for six months.

He announced the suspension of the Executive Governor, Siminalayi Fubara, his deputy and all the members of the House of Assembly for six months.

He immediately named an administrator, Vice Admiral Ibok-Ete Ibas (Retd), to take charge of the affairs of the state for the six-month period.

Section 305 of the 1999 Constitution interprets a state of emergency as a situation of national danger or disaster in which a government suspends normal constitutional procedures to regain control.

A state of emergency allows the President to immediately make any desired regulations to secure public order and safety. (Channels TV)

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BREAKING: Tinubu addresses Nigerians on Rivers political crisis

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BREAKING: Tinubu addresses Nigerians on Rivers political crisis

 

President Bola Tinubu on Tuesday night will hold a nationwide broadcast to address the crisis in Rivers state.

Bayo Onanuga, special adviser to the president on information and strategy, said the broadcast will be transmitted by the Nigerian Television Authority (NTA) and the Federal Radio Corporation of Nigeria (FRCN).

The broadcast is expected to be held by 7pm today.

 

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