NEWS
JUST IN: SSS Arrests CBN Deputy Governor, Kingsley Obiora
Kingsley Obiora, the Deputy Governor of the Central Bank of Nigeria overseeing economic policy, has been apprehended by the State Security Service.
He has been held in custody for four nights while undergoing questioning as part of an investigation into financial mismanagement allegations during the tenure of the former Governor, Godwin Emefiele.
Mr. Emefiele, who assumed the role of CBN governor in June 2014, has been in SSS custody since June 10, 2023, following his contentious removal from office by President Bola Tinubu.
Despite two federal judges ordering Mr. Emefiele’s release, the State Security Service (SSS) has persisted in detaining him by introducing new charges that supersede earlier ones.
This legal maneuvering has kept the former top banker in custody.
A source familiar with Mr. Obiora’s arrest has suggested that he might be targeted as a principal witness against his former boss, although additional sources have been contacted by The Gazette to verify this claim.
Furthermore, another high-ranking official at the Central Bank of Nigeria, Abbas Masanawa, was recently arrested and remains in custody as authorities continue their investigations into allegations of corruption involving Mr. Emefiele.
The Gazette’s attempts to obtain information from the State Security Service (SSS) and the Central Bank of Nigeria (CBN) regarding Mr. Obiora’s detention were met with delays, which officials suggest may not be entirely unexpected due to his in-depth knowledge of CBN’s policy decisions.
Born on March 6, 1976, Mr. Obiora previously held the position of policy chief at the International Monetary Fund and served as an advisor to former Finance Minister Ngozi Okonjo-Iweala.
He also acted as an advisor to Mr. Emefiele until March 2, 2020, when he assumed his current role as one of CBN’s four deputy governors.
The Nigerian Content Development and Monitoring Board (NCDMB) has launched a 5-day Hands-on Oracle Primavera P6 Training in Rivers State, targeting 50 participants.
The training, being executed by Mathnebi Nig. Ltd, commenced today, March 16th and will run until Friday, March 20th.
The intensive hands-on program aims to equip participants with practical skills in project management using Oracle Primavera P6, enhancing their capabilities in the energy and construction sectors.
The NCDMB’s sponsorship of the training underscores its commitment to boosting local capacity and driving Nigeria’s economic growth through skills development.
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The training is expected to benefit participants and contribute to the development of Nigeria’s project management landscape.
President Bola Ahmed Tinubu has sworn in Mr. Taiwo Oyedele as Nigeria’s new Minister of State for Finance at the Aso Rock Presidential Villa.
The swearing-in ceremony took place shortly after the Senate confirmed Oyedele’s nomination last Wednesday.
Oyedele, 50, from Ikaram, Akoko in Ondo State, brings over two decades of experience in fiscal policy and tax administration.
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He previously chaired the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system, introducing zero income tax for Nigerians earning N800,000 or less and exemptions for small businesses with turnovers below N50 million.
During his Senate screening, Oyedele described his appointment as “a call to serve at a critical time when Nigeria faces significant fiscal challenges and remarkable opportunities.”
He replaces Dr. Doris Uzoka-Anite, who has been redeployed to the Ministry of Budget and National Planning.
Oyedele also spent 22 years at PricewaterhouseCoopers, held executive programs at top global institutions including the London School of Economics and Harvard Kennedy School, and currently serves as a professor at Babcock University.
The minister’s appointment signals a continued focus on implementing the Tax Reform Acts, which took effect on January 1, 2026, and aim to simplify Nigeria’s tax system while boosting economic growth.
Passengers were thrown into panic on Monday after a train operating along the Abuja–Kaduna rail corridor derailed, leaving several passengers injured and disrupting services on the busy route.
The train, which was travelling from Kaduna to Abuja, reportedly failed to reach its destination as scheduled after the incident occurred along the rail line linking both cities.
According to passengers on board, the incident happened suddenly, sending shock through the coaches as the train came to an abrupt halt.
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Some passengers said they heard a loud bang before the train jolted violently, throwing several occupants off their seats.
Eyewitnesses said the sudden impact caused confusion inside the train compartments, with some passengers sustaining cuts and bruises after hitting seats and metal fittings.
Initial reports suggested that the Abuja-bound train might have collided with another train along the corridor, forcing rail operations to pause temporarily while authorities assessed the situation.
A source within the Nigerian Railway Corporation confirmed the incident but declined to give full details, noting that he was not authorised to speak publicly on the matter.
One of the passengers, Sada Malumfashi, shared his experience on social media shortly after leaving the train.
He described the moment as frightening, stating that the loud sound and sudden stop caused many passengers to be flung from their seats.
He said the train remained stationary for about 30 minutes before the journey resumed slowly toward Kubwa, located on the outskirts of Abuja.
When contacted, the spokesperson for the Nigerian Railway Corporation, Callistus Unyimadu, confirmed the development and said an official statement would be issued.
Authorities are yet to disclose the exact cause of the derailment or the full extent of injuries as investigations continue.
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