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2023 Elections: Why CBN Cashless Policy is Raising Dusts
The Coalition of National Civil Society Organisations (CNCSOS) has raised alarm over the recent developement concerning the CBN cashless policy.
This is contained in a world press conference by the coalition in Abuja today. adsbygoogle || []).push({}); js">
The group said, “As you all know, the country was jolted when a group of human rights lawyers and some civil society organisations raised the alarm that there was a plot to frame the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele in terrorism financing allegation.”
“The gravity of what Nigeria was confronted with came to the front burner when members of the group revealed that the Department of State Services (DSS) had even gone to the extent of approaching the court to obtain a warrant to arrest Godwin Emefiele without the consent or knowledge of the Commander-in-Chief of the armed forces of the Federal Republic of Nigeria, President Muhammadu Buhari.”
“The Coalition of National Interest Defenders, which brought the development to the open, went ahead to allege that the plot was to keep Mr. Emefiele for at least 60 days until after the general elections next year. This should ring a bell when we recall that this alleged plot is coming immediately after the redesign of the naira notes and the review of the cash withdrawal limits for both individuals and organisations.”
“We have all hailed the cashless policy of the Central Bank of Nigeria such that even the corrupt politicians who are opposing the cash withdrawal limits acknowledge that it is the way to go but that the timing was wrong. They also sort to get wavers for election spending. Why are they looking for wavers? They want to use our stolen commonwealth to buy our votes.”
“In view of the current revelation, we are afraid that the State Security Service is derailing from its statutory role to becoming a tool in the hands of desperate politicians. This is dangerous for the country and must be discouraged at any cost.”
“Those who wants to receive and spend money without any traces are those who have been kicking against the cashless policy of the CBN. If you have legitimate money, why are you afraid to wire the money through bank transfers? Why are you afraid of cash withdrawal limits? There is no limit to the amount you can transfer through the bank but because they are having our stolen money, they don’t want to make traceable transactions and that is the sin of Godwin Emefiele. That’s why they want him out of the way before the election so that someone who can do their biddings is appointed to reverse the cashless policy implementation.”
“We must note that President Muhammadu Buhari has shown maximum support for the economic stability and reform efforts of the CBN Governor and that was probably why they wanted to remove him from office without the consent of Mr. President.”
“At this juncture, we hail the Nigerian judiciary for refusing to be used for the planned hatchet job. It is unfortunate but it happened.”
“According to reports, the affidavit filed by the State Security Service in support of its application claimed that preliminary investigation had revealed various acts of terrorism financing and fraudulent activities perpetrated by Godwin Emefiele and his involvement in economic crimes of national security dimension but there was no evidence. Hence, the court rejected to issue order for the arrest of the CBN Governor. Even, the identity of the said Godwin Emefiele, as the sole respondent, was not clearly stated in the affidavit according to the court, which made the plot more of a shoddy deal.”
“And, in view of a reasonable suspicion that some politicians may have influenced the State Security Service in the planned arrest of Godwin Emefiele, we join well-meaning Nigerians and groups to the call on President Buhari and the Attorney-General of the Federation, Abubakar Malami (SAN), to immediately put in motion the processes of suspending and thoroughly investigating the circumstances surrounding this national and international embarrassment. The attempt to obtain a backyard order to remove a high ranking officer of the Federal Republic of Nigeria for obvious political reasons should be of serious concern to all Nigerians as we don’t know who will be the next.”
“”By virtue of Section 150(1) and Section 174 (1) of the 1999 Constitution of the Federal Republic of Nigeria as amended, the Attorney-General of the Federation has the powers to institute and undertake criminal proceedings against any person before any court of law in Nigeria. Therefore, nothing stops the Attorney-General of the Federation from exercising his powers in this matter to send a clear signal to the international community that Nigeria is not a banana republic, where anything goes. If public office holders who err are not appropriately sanctioned, it will send a wrong signal to foreign investors and project Nigeria as a country without rule of law.
“”This is paramount as Section 174 (3) expressly stated that “In exercising his powers under this section, the Attorney-General of the Federation shall have regard to the public interest, the interest of justice and the need to prevent abuse of legal process.” What is primarily at stake here is public interest.
“”We hereby urge President Muhammadu Buhari and the CBN Governor never to relent in their efforts to place Nigeria among the best 20 economies in the world in line with the cashless policy of the Central Bank of Nigeria.
“”We assure Mr. Godwin Emefiele that Nigerians on the streets, who are in pains of starvation and hunger due to the continued looting of public funds meant for their well-being by some politicians, are standing with him and will vehemently resist any attempt to derail the cashless policy of the Federal Government of Nigeria.
“”We also commend the Federal Government on the exemplary leadership with the ban on cash withdrawals from public accounts. The stoppage of cash withdrawal from all public accounts is another legacy in the war against corruption and electoral fraud by the President Muhammadu Buhari administration. The ban on cash withdrawals and subsequent directive to public officers to immediately open domiciliary accounts in foreign and local currencies ahead of the commencement of the cash withdrawal policy will deepen the gains of the cashless policy of the federal government through the CBN.
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NGIJ Demands Independent Probe of Controversial PFIPC, Rejects Premature Exoneration
NGIJ Demands Independent Probe of Controversial PFIPC, Rejects Premature ExonerationThe Nigerian Guild of Investigative Journalists (NGIJ) has called on President Bola Ahmed Tinubu to immediately constitute an independent panel of inquiry to investigate the unfolding scandal surrounding the controversial Presidential Foreign Investment Promotion Council (PFIPC), insisting that the gravity of the allegations and the institutions reportedly involved make an ordinary investigation inadequate.
In a statement jointly signed by its National President, Mallam Abdulrahman Aliagan, and National Secretary, Rowland Olonishuwa, the Guild faulted the Presidency’s swift public exoneration of the Chief of Staff to the President by the President’s spokesman, Mr. Bayo Onanuga, describing it as premature and inconsistent with the principles of natural justice.
According to the Guild, declaring any public official innocent before the conclusion of an impartial investigation undermines public confidence in the process and creates the impression that the outcome has already been predetermined.
“The hasty exoneration of any public official before a comprehensive investigation has been concluded negates the principles of justice, fairness and good conscience.
Every Nigerian deserves to see that justice is not only done but is manifestly seen to have been done,” the statement said.
NGIJ said the controversy surrounding the controversial Presidential Foreign Investment Promotion Council (PFIPC) has become one of the most significant governance scandals in recent years, alleging that the sequence of events surrounding the Council points to a level of official backing that requires a truly independent investigation.
The Guild argued that several developments associated with the Council have raised serious questions that cannot be ignored.
According to the statement, available information indicates that an account was reportedly opened for the Council at the Central Bank of Nigeria (CBN), the controversial PFIPC was reportedly captured in the 2026 Appropriation Bill presented to the National Assembly, office accommodation was allocated to the Council within the Federal Secretariat Complex in Abuja, and more than 300 personnel, including eight directors, were reportedly recruited or sourced to work for the Council.
NGIJ noted that these developments, if established through investigation, suggest that the activities attributed to the Council went far beyond the actions of a few individuals and may have involved approvals or support from influential actors within government.
“The establishment of banking arrangements, budgetary provisions, office allocation, recruitment of hundreds of personnel and appointment of directors are not processes ordinarily executed without official authorisation and institutional support. These issues raise legitimate public interest questions that deserve thorough and independent scrutiny,” the Guild stated.
It added that the scale of the allegations has created widespread public concern and, if left unresolved, could erode confidence in Nigeria’s governance institutions and anti-corruption framework.
The Guild expressed reservations over allowing the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to solely investigate the matter, arguing that given the alleged involvement of powerful figures and the institutional implications of the case, a broader and more independent mechanism would inspire greater public confidence.
According to NGIJ, the investigation should be handled by an independent judicial panel comprising retired judicial officers, forensic auditors, representatives of relevant anti-corruption institutions, professional bodies and civil society organisations, with full powers to examine documents, invite witnesses and recommend appropriate actions based on its findings.
The Guild further urged the National Assembly to commence a public legislative inquiry into the establishment, funding, operations and legal status of the controversial Presidential Foreign Investment Promotion Council.
It maintained that no public official, irrespective of rank or political influence, should be insulated from investigation where credible allegations exist.
NGIJ stressed that the circumstances surrounding the controversial PFIPC have made the matter unprecedented and deserving of the highest level of independent scrutiny.
The Guild said only a transparent, credible and independent investigation can establish the true facts, identify any wrongdoing where it exists, protect innocent persons where appropriate, and restore public confidence in the administration’s commitment to accountability, transparency and the rule of law.
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MeCure Industries Plc Closes H1 2026 with Stable BBB GCR Outlook, Halal Certification, Launches New Product
By AbdulRahman Obaje
Lagos, Nigeria — July 2026 — MeCure Industries Plc closed the first half of 2026 on a strong note, marked by the affirmation of its national scale issuer ratings by GCR Ratings, the award of Halal certification, and the launch of two new products.
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GCR Ratings affirmed MeCure Industries Plc’s long-term issuer rating at BBB(NG) and short-term issuer rating at A3(NG), with the company’s long-term outlook revised to Stable. The rating agency said the decision was supported by improvements in MeCure’s competitive position, sound earnings performance, ongoing expansion, product innovation, and wider market penetration. GCR also noted the company’s diversified portfolio of more than 140 formulations across five therapeutic classes, its extensive distribution network, and its relationships with suppliers and technical partners.
During the period, MeCure also received Halal certification, reinforcing the company’s commitment to quality, compliance, and broader consumer accessibility. For the everyday consumer, Halal certification means that the certified products have been reviewed to ensure that their ingredients, sourcing, handling, and production processes comply with recognised Halal requirements. In practical terms, it gives Muslim consumers greater confidence that the medicines they use are permissible, while also providing an additional layer of assurance around transparency, product integrity, and manufacturing discipline.
The certification is expected to support trust among customers, healthcare professionals, distributors, and institutional partners, while strengthening MeCure’s positioning in markets where Halal-compliant products are an important consideration.
In June 2026, MeCure further expanded its product portfolio with the introduction of Fluconazole Capsules and EBU Suspension. Fluconazole Capsules add to the company’s antifungal offering, while EBU Suspension, an ibuprofen oral suspension, strengthens MeCure’s paediatric and family care range. The launches reflect the company’s continued focus on affordable, locally manufactured medicines across key therapeutic needs.
As MeCure enters the second half of 2026, the company said it remains focused on deepening local manufacturing, improving access to quality medicines, expanding its product pipeline, and delivering sustainable value to shareholders.
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NewsJuly 15, 2026NGIJ Demands Independent Probe of Controversial PFIPC, Rejects Premature ExonerationNewsJuly 1, 2026MeCure Industries Plc Closes H1 2026 with Stable BBB GCR Outlook, Halal Certification, Launches New ProductNewsJune 29, 2026Family Seeks Information on Missing Sergeant After Reported Drowning Incident at Seme BorderNewsJune 12, 2026June 12: Ajia Congratulates Tinubu, AbdulRazaq, Calls for Youth Inclusion and Grassroots Development
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Family Seeks Information on Missing Sergeant After Reported Drowning Incident at Seme Border
Family Seeks Information on Missing Sergeant After Reported Drowning Incident at Seme Borde
By Usman Aliyu | June 27, 2026
Ajaka, Kogi State — The family of Sgt. Benjamin Etuh, a native of Ajaka in Igalamela/Odolu Local Government Area of Kogi State, has appealed to the public for information regarding his whereabouts following reports that he may have been involved in a drowning incident at the Seme Border area of Lagos State.
According to information available to the family, Sgt. Etuh, who was last known to be serving at the Seme Border Patrol, was reportedly involved in an incident on the water around the border community. However, relatives say they have not received any official confirmation regarding his condition or whereabouts.
The uncertainty surrounding the incident has left family members distressed and searching for answers. Efforts to contact the officer through his mobile phone numbers have also proved unsuccessful, as the lines have reportedly remained unreachable for several days.
Family sources expressed concern over the lack of verified information and appealed to the relevant authorities to provide clarity on the officer’s status. They also called on security agencies, colleagues, residents of the Seme Border area, and members of the public with any useful information to come forward.
Efforts by reporters to obtain official confirmation from the Ikeja Command were unsuccessful, as no response had been received at the time of filing this report.
As of the time of publication, there has been no official statement confirming Sgt. Benjamin Etuh’s whereabouts or condition. The family continues to appeal for credible information that may help establish the facts surrounding the incident.
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NewsJuly 15, 2026NGIJ Demands Independent Probe of Controversial PFIPC, Rejects Premature ExonerationNewsJuly 1, 2026MeCure Industries Plc Closes H1 2026 with Stable BBB GCR Outlook, Halal Certification, Launches New ProductNewsJune 29, 2026Family Seeks Information on Missing Sergeant After Reported Drowning Incident at Seme BorderNewsJune 12, 2026June 12: Ajia Congratulates Tinubu, AbdulRazaq, Calls for Youth Inclusion and Grassroots Development