NEWS
Emefiele Refutes Allegations Of Illegal Fund Placement Abroad
The former CBN Governor, Godwin Emefiele has contested the report by CBN’s investigator, Jim Obazee, refuting claims of lodging £543,482,213 in UK banks without authorization.
Emefiele conveyed this information on Sunday night through a signed statement titled “Re: Emefiele, others stole billions, illegally kept Nigeria’s funds in foreign banks.”
He stated that the report was misleading, constituting a deliberate effort to tarnish his reputation, damage his character, and cater to the personal agenda of the private investigator.
He said: “Moreover, the former President Muhammadu Buhari GCFR has stated on a number of occasions that he authorised and approved the Naira redesign. I am therefore at a loss as to why Mr. Jim Obazee will mislead Nigerians that there was no presidential approval.
“I have gone through the publications, and I say boldly that the contents of the said publications are false, misleading and calculated to disparage my person, injure my character and serve the selfish interest of the private investigator.
“Because of my present situation, I have been advised by my lawyers not to say anything in respect of the matters which have been submitted to the court for adjudication. However, I need to address some of the issues raised in the publication which are barefaced lies told by the investigator in order to achieve his satanic agenda
“First, it was reported that contrary to the provision of the CBN Act 2007, there was no presidential approval for the Naira redesign. I wish to state unequivocally that there was indeed a presidential approval, and the said approval was handed over to the same Jim Obazee during the process of his investigation in the presence of senior CBN officials and his own investigative team.
“Moreover, the former President Muhammadu Buhari GCFR has stated on a number of occasions that he authorised and approved the Naira redesign. I am therefore at a loss as to why Mr. Jim Obazee will mislead Nigerians that there was no presidential approval.
“The report also claimed that the sum of 6.23 million dollars was withdrawn from the CBN vault based on a false presidential directive bearing the signature of the former president Muhammadu Buhari GCFR and that of the former secretary to the government of the federation (SGF), Mr. Boss Mustapha.
“About two weeks ago, Jim Obazee in the company of a certain Deputy Commissioner of Police from Force CID came to Kuje to ask me questions in respect of the said document in the presence of my lawyers.
“I stated verbally and in writing that I have no knowledge of such a directive from the former president and the former SGF. In fact, I told them that that was the first time I would be seeing the documents.
“On this, I challenge Jim Obazee to publish the said documents and also the statements that I made to them.
“The final issue that I would like to respond to is the issue of the 593 accounts which were purportedly opened in different parts of the world.
“I state categorically that I am not involved in the opening of these accounts and I do not have knowledge of their openings. The fixed deposits in those foreign accounts are definitely outside my knowledge.
“However, let me state clearly, that the relevant departments of the CBN have the authority to carry out such activities in line with their lawful mandate within the CBN.
“I, therefore, join well-meaning Nigerians who have spoken on this matter and have demanded a thorough and transparent investigation of all these alleged frauds.
“Meanwhile, I have instructed my lawyers to immediately commence the legal process to clear my name from the defamatory statements contained in the report and by extension the publications.” he added
The Presidency has highlighted major development projects across Nigeria’s North Central region under President Bola Tinubu’s Renewed Hope Agenda, covering eight key sectors, including road infrastructure, power, agriculture, education, aviation and security.
Sunday Dare, Special Adviser to the President on Media and Public Communication and Presidential Spokesperson, disclosed this on Sunday, November 15, 2026, in a post on his X account.
According to Dare, the projects are designed to improve regional connectivity, expand economic opportunities, strengthen food security and promote development across communities in the region.
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He highlighted interventions spanning major road construction, renewable energy, agricultural support, educational development, security infrastructure and empowerment programmes.
In the road infrastructure sector, the listed projects include the Mararaban Jama’a–Pankshin–Langtang–Shendam–River Ibi corridor dual carriageway, Phase II rehabilitation of the Babban-Lamba–Sharan Road and construction of the Akwanga–Jos–Bauchi–Gombe–Biu–Maiduguri Superhighway.
Others include the construction of the 600-metre Akwanga Underpass, completion of the Lafia Bypass, reconstruction of the Bali–Serti–Gembu Road and construction of the Gembu–Mbamnga–Yang Road, which commenced in early 2025. Improvement works are also listed along the Jalingo–Wukari corridor.
In the aviation sector, the government highlighted approval for the construction of an airstrip on the Mambilla Plateau.
The power and renewable energy initiatives include a 40-megawatt hydropower plant at the Kashimbila Multipurpose Dam, expected to supply electricity to the national grid, as well as irrigation channels to support year-round farming.
Other interventions include the deployment of solar-powered mini-grids, installation of solar streetlights and provision of solar home systems to households.
On agriculture and food security, the Renewed Hope Agricultural Support Programme is expected to provide farmers with improved seedlings, fertiliser and agricultural training.
The list also includes support for hybrid potato farming, expansion of irrigated farmland through dam infrastructure and development of agricultural processing centres.
For women and youth empowerment, the initiatives include agricultural support for women and young farmers through the First Lady’s Renewed Hope Initiative.
Vocational skills development and certification for women, start-up grants for small businesses, market women empowerment through business training and start-up tools, as well as rural grants and skills development programmes, are also highlighted.
In education, the Federal Polytechnic Nasarawa is listed for transformation into the Federal University of Mining, Engineering and Technology, alongside expanded scholarship opportunities and improved access to higher education.
On security, the government outlined plans for the establishment of a new Army Division in Jalingo, Taraba State, alongside strengthened security deployment to protect farming communities and improve safety.
The eighth area focuses on regional development, with the North Central Development Commission identified as a long-term regional development initiative. Additional federal road projects are also expected to improve connectivity and support economic activities.
Dare’s disclosure highlights the administration’s focus on infrastructure expansion, agricultural productivity, energy access and human capital development as part of its Renewed Hope Agenda.
Vice President Kashim Shettima has departed Abuja for Jos, Plateau State, alongside his wife, Hajiya Nana Shettima, ahead of the All Progressives Congress (APC) presidential campaign rally in the state.
The visit is part of the Tinubu–Shettima campaign’s engagements as the ruling party seeks to secure support for President Bola Ahmed Tinubu and Vice President Shettima ahead of the 2027 general elections.
The campaign’s visit to Plateau is expected to highlight the Federal Government’s infrastructure and economic development projects in the state, particularly those aimed at improving road connectivity, boosting commerce and supporting agricultural activities.
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Among the projects highlighted by the administration is the ongoing 125-kilometre Akwanga–Jos highway, which forms part of the Akwanga–Bauchi–Gombe–Maiduguri Superhighway.
Other projects include the rehabilitation of the Sharram–Garram–Babban Lamba Road in Kanke and the approved Mararaban Jama’a–Kanke–Langtang–Shendam–Ibi Road, which is expected to improve connectivity between Plateau and Taraba states.
The administration says the projects are part of its broader development agenda to connect communities, facilitate access to markets and provide farmers and businesses with improved infrastructure.
The APC campaign is expected to use the rally to present the administration’s achievements and future plans while seeking the confidence of Plateau residents to continue its development agenda beyond 2027.
The Ogun State Police Command has presented cheques totalling ₦10.65 million to families and next-of-kin of deceased police officers who served under the command, as part of efforts to support dependants of personnel who died in active service.
The cheques, amounting to ₦10,658,391.36, were presented on Saturday, November 14, 2026, by the Commissioner of Police, CP Bode Ojajuni, on behalf of the Inspector-General of Police, IGP Olatunji Rilwan Disu.
The statement was signed by the Police Public Relations Officer of the Ogun State Command, DSP Oluseyi B. Babaseyi, anipr, and dated November 14, 2026.
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The presentation took place at the Command Headquarters in Eleweran, Abeokuta, under the Nigeria Police Force Group Life Assurance and the IGP Family Welfare Schemes.
The initiatives are designed to provide financial assistance to families of police officers who lost their lives while serving the country.
Accompanied by members of the Command Management Team, Ojajuni personally handed over the cheques to the beneficiaries.
Addressing the recipients, the police commissioner reaffirmed the Inspector-General’s commitment to the welfare of police personnel and their families.
He described the widows and families of the deceased officers as the “true superheroes”, acknowledging their resilience in coping with the loss of their loved ones who died in service to the nation.
Ojajuni noted that the financial intervention was a demonstration of the Force’s appreciation and institutional responsibility to support the families of fallen officers.
He said the initiative represented the Nigeria Police Force’s enduring commitment to standing by the dependants of personnel who paid the ultimate price in active service.
Responding on behalf of the beneficiaries, Mrs Ejembi Ada Veronica thanked the Inspector-General of Police and the Ogun State Police Command for remembering their families and providing financial assistance.
She assured the authorities that the money would be channelled towards the education, upkeep and general welfare of the children and dependants left behind by the deceased officers.
According to her, the intervention would provide timely relief and help improve the stability of the affected families.
The Ogun State Police Command reiterated its commitment to supporting the families of fallen officers, assuring them of its continued solidarity.
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