Justice Hamza Muazu of the Federal Capital Territory (FCT), High Court sitting in Abuja has summoned former Executive Officer, Financial Reporting Council of Nigeria (FRC), Jim Obazee and a Commissioner of Police, Eloho Okpoziakpo to appear before him on Tuesday, April 28, 2026 as prosecution witnesses in the ongoing...
CBN Governor
Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) that both organisations said would safeguard consumers against fraud while opening opportunities for them to leverage the potentials of the telecommunications and financial sectors. The MoU was signed as NCC and...
FCT High Court sitting in Abuja has fixed 10 additional days to conclude the trial of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over alleged corruption linked to the naira redesign exercise. Justice Maryanne Anenih fixed the dates following an agreement between counsel to...
House of Representatives has directed the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to appear before its Committee on Public Accounts following revelations of more than ₦5 trillion in unremitted operating surplus and ₦11 trillion in revenues linked to the Remita collection system. The decision came...
Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, has inaugurated the new Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF), reaffirming the Bank’s commitment to strengthening Nigeria’s agricultural sector. He highlighted the Scheme’s vital role in de-risking agricultural lending since 1977 and called for a more innovative,...
Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has strongly dismissed a report by SaharaReporters alleging that he was listed among individuals linked to terrorism financing in the country. In a statement released on Saturday, December 6, 2025, Emefiele said his attention was drawn to...
Senate on Thursday demanded full transparency from the Central Bank of Nigeria (CBN) over an alleged failure to remit ₦1.44 trillion in operating surplus—an inquiry that came just as the apex bank declared that the Nigerian economy had entered its most stable period in more than ten years. During...
A prosecution witness, Alvan Gurumnaan, in the ongoing trial of a former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, and Henry Omoile, over an alleged $4.5bn fraud, has told Justice Rahman Oshodi of Special Offences Court sitting in Ikeja, Lagos that Omoile did not make his...
Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on Friday, November 21, 2025, adjourned a forensic inspection of Exhibit I in the ongoing trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, over an alleged $4.5 billion fraud to January 5 and 8,...
An Abuja High Court presided over by Justice Hamza Muazu has scheduled November 27 to rule on whether a key prosecution witness can testify in the ongoing trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. Emefiele is currently facing trial in case number CR/577/2023, filed by...
In a move aimed at enhancing collaboration and capacity building in central banking, the Central Bank of Nigeria (CBN) and the Bank of Angola on Thursday signed a Memorandum of Understanding (MoU) to promote bilateral cooperation. The agreement was formalised in Washington D.C., on the sidelines of the IMF/World...
Nigeria’s trade surplus has risen to six percent of the country’s Gross Domestic Product (GDP), according to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso. Cardoso disclosed this while speaking at the ongoing IMF/World Bank Group Annual Meetings in Washington, D.C., where he is leading Nigeria’s...
A WhatsApp conversation allegedly linking former Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, to a $4.5 billion fraud scheme has been admitted as evidence by an Ikeja Special Offences Court. Despite objections from the defence team, Justice Rahman Oshodi admitted the chat logs—presented by the Economic and...
Ikeja Special Offences Court has postponed its ruling on the admissibility of digital evidence presented by the Economic and Financial Crimes Commission (EFCC) in the ongoing corruption trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. Justice Rahman Oshodi fixed October 9 for the decision after listening...
President Bola Ahmed Tinubu has explained that renaming the renovated National Theatre after Nobel Laureate Professor Wole Soyinka is a fitting way to honour the legacy of a man of many parts, whose works have permanently put Nigeria on the global stage in terms of the creative industry and...
Embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Tuesday asked an Abuja High Court to strike out the federal government’s case against him, citing the prosecution’s repeated absence from court proceedings. Emefiele is facing trial before Justice Hamza Muazu on an amended 20-count charge in case...
Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 27.5%. CBN Governor Yemi Cardoso, announced this on Tuesday during a press briefing in Abuja following the 301st Monetary Policy Committee (MPC) meeting. Cardoso revealed that the decision to keep the lending rate unchanged was unanimous...
A Federal High Court in Abuja has adjourned the contempt proceeding against Central Bank of Nigeria (CBN) Governor Olayemi Cardoso until June 30, due to the absence of key lawyers. The suit was filed by Melrose General Services Limited, which claims the CBN and its officials have not fully...