NEWS
Why Judiciary Might Overturn Emefiele’s Suspension
Following the suspension, Friday, of Governor, Central Bank of Nigeria (CBN), Godwin Emefiele and his replacement in acting capacity with Folashodun Adebisi Shonubi, his former deputy, overseeing the Operations Directorate, by President Bola Tinubu, legal minds are beginning to examine the legality of the action.
A public interest and Human Rights lawyer, Inihebe Effiong, took to his verified tweeter handle, @inihebeeffiong to throw legal light on the developing story.
Effiong, observed that the CBN Act contains no provision for the president to remove a sitting governor of the bank in the manner President Tinubu did.
He cited Section 11 of the Act as ground for his argument.
In addition, Effiong noted that when a former governor of the apex bank, Sanusi Lamido Sanusi suffered a similar fate, the courts waded in and ruled that the president lacked such powers.
He maintained that though he was personally not satisfied with Emefiele’s discharge of his duties as governor of the CBN, the legality of the matter was paramount.
His stance appears in sync with his profile, which partly reads “I am committed to ending corruption and injustice.”
Effiong tweeted, “Godwin Emefiele corrupted the CBN and made nonsense of our exchange rates and forex market. The fiscal and monetary policies of the CBN under him did not help the country.
“However, Mr Tinubu cannot remove him by virtue of Section 11 of the CBN Act without recourse to the Senate.”
In a series of tweets, Efiong shed light on possible legal banana peels that might undo President Tinubu’s action, should Emefiele’s legal team be worth their onions.
The tweet threads, reads, “I’m aware of a subsisting judgment of the Federal High Court in Sanusi’s case, where it was held that while the President cannot remove the CBN Governor unilaterally, he can exercise disciplinary control over him, which includes suspension.
“That judgment is the law on the issue.”
Even at that, Effiong went on to share his personal thoughts, that the president was not empowered by the Act and the judicial precedents to suspend the governor of the CBN.
According to him, “My view is that since the CBN Act does not envisage the suspension of the Governor by the President, and given the need for institutional independence of the CBN which cannot be guaranteed without security of tenure of the governor, the President shouldn’t be able to suspend.
“This is, however, my personal view and is subject to the subsisting judgment of the Federal High Court.”
He rounded-off the tweets with another personal take on Emefiele, his suitability for the exalted office of CBN governor, and expressed the desire for him to “render account of his stewardship”.
“As a citizen, I do not see Emefiele as a fit and proper person to lead the CBN.
He should render account of his stewardship and be thoroughly held accountable for his misdeeds,” Effiong tweeted.
The coming days will show what legal practitioners make of the development.
NEWS
Kainji–Birnin Kebbi Power Line: TCN Begins Final Phase of Restoration
The Transmission Company of Nigeria (TCN) has commenced the final phase of restoration works on the 330kV Kainji–Birnin Kebbi Transmission Line following the recent collapse of Tower T367 along the line corridor.
TCN, in an update issued on Wednesday, said significant progress had been recorded at the affected location in Yauri, where restoration activities are ongoing.
ALSO READ: TCN Restores 330kV Shiroro–Mando Line, Strengthens Power Supply to Kaduna
According to the company, the collapsed transmission tower has now been completely dismantled and decommissioned, while the conductors and skywire have been properly aligned and prepared for the next stage of the restoration process.
TCN also disclosed that an Emergency Restoration System (ERS) tower has been moved to the site and is ready for installation.
The company said the installation would be followed by cable stringing and other associated works towards the restoration of the affected transmission line.
“Our engineers and technical personnel remain actively engaged at the site and are working hard to ensure a quick completion and restoration of the line.”
TCN said it remained committed to restoring normal bulk transmission as soon as possible and appealed to electricity consumers and other stakeholders affected by the incident for patience and understanding.
“TCN appreciates the patience and understanding of electricity consumers and other stakeholders affected by the incident and assures the public that every effort is being made to restore the line and consequently, normal bulk transmission as soon as possible.”
NEWS
Tanker Drivers Suspend Strike after FG Intervention
The National Union of Edible Oil Tanker Drivers of Nigeria (NUEOTDN) has suspended its planned nationwide strike scheduled to begin Wednesday following Federal Government intervention in its dispute with operators in the edible oil industry.
The last-minute suspension averted a potential disruption in the transportation and distribution of edible oil across the country, with the union directing members to maintain normal operations while negotiations continue.
READ ALSO: Tinubu Applauds $800m FID on Ima Gas Project
NUEOTDN President, Ilias Aperun, announced the decision in a statement dated September 22, saying interventions by President Bola Tinubu and the Department of State Services (DSS) had opened discussions towards resolving the issues that prompted the planned industrial action.
“The planned industrial action scheduled to commence today, 23rd September 2026, has been suspended.”
Aperun said the union decided to give the government intervention time to produce results in the interest of economic stability and protection of the edible oil supply chain.
“In the interest of peace, national economic stability and the protection of the edible oil supply chain, the Union has decided to suspend the planned action and give room for the ongoing government intervention,” he said.
The union consequently directed its members and other stakeholders to halt preparations for the strike and continue normal operations pending further directives.
Aperun said discussions aimed at resolving the dispute were already underway, adding that the union remained committed to protecting the welfare and legitimate interests of its members without jeopardising the supply of edible oil.
“The NUEOTDN remains committed to the protection of the public health of the masses, welfare and legitimate interests of its comrades, while also supporting a peaceful and sustainable resolution of the issues at stake,” he said.
He urged stakeholders in the industry to cooperate with the ongoing negotiations, saying constructive engagement remained necessary to resolve the issues raised by the tanker drivers.
The union expressed appreciation to the Federal Government for its intervention and urged members to remain calm while awaiting the outcome of the discussions.
Aperun said further developments would be communicated as negotiations progressed.
NEWS
Tinubu Welcomes $12m Abuja Entrepreneurship Centre to Boost MSMEs, Create Jobs
President Bola Ahmed Tinubu has welcomed the construction of a $12 million Abuja Centre for Entrepreneurship, saying the facility will strengthen Nigeria’s Micro, Small and Medium Enterprises (MSME) ecosystem and create more opportunities for businesses to grow and generate jobs.
The President made this known in a statement issued on Wednesday by his Special Adviser on Information and Strategy, Bayo Onanuga.
The Abuja Centre for Entrepreneurship (ACE) is being developed at the SMEDAN Industrial Development Centre in Idu, Abuja, with funding from the Republic of Korea through the Korea International Cooperation Agency (KOICA).
SEE ALSO: Tinubu Applauds $800m FID on Ima Gas Project
The project is being implemented in partnership with the Federal Government through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the United Nations Development Programme (UNDP).
The centre will provide workspaces, digital facilities, training, incubation and enterprise support for aspiring entrepreneurs, start-ups and existing businesses.
According to the statement, the facility has an initial target of supporting 500 entrepreneurs, 400 start-ups and 1,500 MSMEs.
About $5.9 million of the investment will be allocated to construction, while $6.1 million will fund equipment and programmes designed to support entrepreneurs and businesses.
Tinubu said the centre would help establish, strengthen and grow businesses.
“Small businesses are an important part of our economy. They employ people, support families and create activity in communities across the country.
“Many entrepreneurs already have the ideas and the determination to succeed. What they often need is better access to facilities, technology, training and the support that can help their businesses grow.
“This Centre will provide more of that support and strengthen the ecosystem around them,” he said.
The centre is expected to serve businesses in Abuja and surrounding cities, including Kaduna, Jos, Keffi, Lafia, Minna, Makurdi and Lokoja.
It is also expected to contribute to strengthening the wider entrepreneurship and MSME ecosystem across Northern Nigeria.
The President said the Federal Government would continue to expand the conditions that allow small businesses to grow and compete.
“We want more Nigerians to be able to start businesses, grow them and employ others.
“We also want existing small businesses to have better access to the tools and support they need to become stronger and more productive.
“That is important for jobs, incomes and the wider economy,” Tinubu said.
He added that the project complements the administration’s wider investments in digital skills, entrepreneurship, enterprise development and support for MSMEs.
The centre has also been designed to accommodate women and persons with disabilities. It will include accessible facilities and crèche services for women with young children.
While construction is ongoing, SMEDAN, KOICA and UNDP will work with universities, incubators, financial institutions, private-sector organisations and entrepreneur networks to build a wider support system around the centre.
The partners will also identify businesses that can benefit from the centre’s programmes.
Tinubu thanked the South Korean government for the $12 million investment and commended KOICA, UNDP and SMEDAN for advancing the project to the construction stage.
He said Nigeria would continue to welcome investments and partnerships that strengthen local businesses, deepen enterprise development and create more jobs.
“Our economy will be stronger when more Nigerian businesses can start, survive and grow.
“We must keep building the support around them and opening more opportunities for enterprise across the country,” the President said.






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