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CBN Gov, Legal Adviser Face N220m Contempt Suit

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The Governor of the Central Bank of Nigeria, Olayemi Cardoso, and the CBN’s Director of Legal Services, Salam-Alada Kofo, have been sued for contempt of court at the Federal High Court in Abuja over their alleged refusal to comply fully with a Supreme Court judgment.

Melrose General Services, the applicant, filed a contempt suit marked: FHC/ABJ/CS/532/2025, against Cardoso, Kofo, the Central Bank of Nigeria, the Economic and Financial Crimes Commission, and the Minister of Finance, listed as 1st to 5th respondents respectively.

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The applicant claims that the respondents have failed to release N220 million owed to them, despite the Supreme Court’s judgment reversing the earlier forfeiture of the funds.

Meanwhile, the suit stems from the controversial Paris Club Refund, which involved payments to consultants who rendered services to the Nigerian Governors’ Forum.

READ ALSO: Trouble Looms As US Court Orders FBI, Anti-drug Agency To Release Tinubu’s Records

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In June 2024, the Supreme Court overturned a previous forfeiture order affecting Melrose General Services Limited, directing the release of frozen funds, including N1.22bn held in Melrose’s bank account and N220m transferred to Wasp Networks and Thebe Wellness as loans and investments.

The court ruled that the EFCC had failed to prove the funds were proceeds of fraud, as alleged, and ordered the release of the full amounts to the rightful owners.

However, nearly a year after the Supreme Court’s decision, Melrose alleges that while the CBN has refunded N1.22bn, the N220m remains unpaid.

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Through its counsel, Chikaosolu Ojukwu (SAN), Melrose argues that the refusal to comply with the court’s directive constitutes contempt of court. The firm contends that the partial compliance undermines the authority of the Supreme Court.

READ ALSO: Chidinma Breaks Silence, Tells Court How She Found Super TV CEO, Usifo Ataga Dead

In its defence, the CBN’s legal team, led by Abdulfatai Oyedele, claims the Supreme Court directed payment of the N220m to the original accounts of Wasp Network Limited and Thebe Wellness Services, not to Melrose.

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Oyedele further argued that Wasp Network has requested N200m, while Thebe Wellness has yet to claim N20m.

The EFCC, represented by M.A. Babatunde, filed a motion for misjoinder, asserting it should not be a party to the case.

Justice Inyang Ekwo of the Federal High Court in Abuja will resume hearing the matter on June 4, 2025, to determine whether the CBN and its officials have wilfully disobeyed the Supreme Court or if their actions align with the judgment’s interpretation.

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Full List Of Schengen Countries Offering 5-yr Visa Programme

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Nigerians with a strong travel history now have more incentive to explore European countries, thanks to the five-year multiple entry Schengen visa.

This long-term visa offers travelers the freedom to enter any of the 29 Schengen countries multiple times over five years: provided no stay exceeds 90 days within any 180-day window.

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Designed primarily for frequent travelers, business professionals, and individuals with consistent international travel records, the visa eliminates the hassle of reapplying for short-term permits.

It reduces visa processing time, lowers application costs, and simplifies the documentation and interview requirements.

Approval for the five-year visa is still subject to the discretion of the issuing embassy or consulate.

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READ ALSO:US Visa Adjudication Sparks Concerns Over Diplomatic Relations

However, applicants with a higher likelihood of success typically meet one or more of the following criteria:

Previously held a multiple entry Schengen visa valid for at least two years within the past three years

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Travel to Schengen countries at least two to three times a year

Demonstrated compliance with visa regulations, including no overstays and proper documentation

To boost their chances, applicants are expected to submit a compelling cover letter stating the purpose and need for long-term travel, show proof of financial stability, and provide valid long-term Schengen travel insurance.

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READ ALSO:10 Countries Hiring Nigerians, Other Foreign Workers In 2025 With Easy Visa Process

Eligible Countries under the Five-Year Schengen Visa
Holders of this visa can travel freely to the following 29 Schengen member states:

Austria
Belgium
Bulgaria
Croatia
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland

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Aburi Accord: Foreign Powers Fueled Nigeria’s Civil War, Elder Statesman Replies Gowon

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Elder statesman and president of the Osisioma Foundation, Dr. Chike Obidigbo, has highlighted the role of foreign powers, particularly Britain and certain corporate interests, in Nigeria’s civil war (1967–1970).

In a statement on Thursday, Obidigbo called on former Head of State, Retired General Yakubu Gowon, to use his remaining years to share the truth about the war and promote national healing.

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The statement, issued by the Osisioma Foundation, responded to Gowon’s recent public comments about the failed Aburi Accord and the civil war, which Obidigbo described as inconsistent. He stressed the need for clarity on historical events to help promote national reconciliation.

Obidigbo noted that the collapse of the Aburi Accord, a key peace agreement, was influenced by external forces.

READ ALSO:Why Aburi Accord Collapsed – Gowon

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Though Gowon may not have wanted the war, forces beyond him, particularly British and Fulani interests, compelled him to plunge the country into conflict,” he stated.

He also revealed that Britain and Shell Petroleum had made secret offers to Lt. Colonel Emeka Odumegwu Ojukwu, the then-leader of the Eastern Region, to secede from Nigeria.

Britain assured Ojukwu that they would talk Nigeria out of any plan to fight Biafra if Ojukwu agreed to secede. They even promised to pay him the huge arrears of royalties from Shell in case of any eventuality,” Obidigbo disclosed.

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He stressed the importance of historical accountability, saying, “At his age, Gowon should be telling Nigerians the truth and nothing but the truth about the war. Until he makes these facts known through public confession, his soul may not experience peace.”

READ ALSO:Biafra Civil War: You’re A Genocidist – IPOB Fires Back At Gowon

Drawing parallels with contemporary global issues, Obidigbo stated, “It is ironic that the same British that caused total genocide and blockade against Biafra are now crying out that Israel is visiting genocide on Palestinians.”

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He urged Gowon to document his experiences honestly, following the example of former Military President Ibrahim Babangida, who recently released his autobiography.

Instead of reopening old wounds, Gowon should use his remaining days to contribute to a truthful historical record that fosters national unity,” Obidigbo advised.

The elder statesman called for national reconciliation, urging leaders to prioritize peace and unity.

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Nigerians need to hear the truth about what transpired so that we can heal and move forward as a nation,” he said.

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Poly Ibadan: Mixed Reactions Trail Renaming, Alumni Kick

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Mixed reactions have trailed Thursday’s renaming of The Polytechnic Ibadan, with the institution’s alumni largely calling for a review.

The respondents expressed their diverse views in separate interviews with the News Agency of Nigeria (NAN) in Ibadan, with members of the alumni frowning at the change of name.

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Recall that Gov. Seyi Makinde announced the institution’s renaming after the late ex-governor of Oyo State, Dr Omololu Olunloyo, during the deceased’s commendation service in Ibadan.

Mr Yomi Akande, an alumnus and the institute’s Non-Academic Staff Union (NASU) leader, said many other alumni had been expressing dissatisfaction since the announcement.

“As an alumnus of The Polytechnic Ibadan, the name of the institution is a force to reckon with anywhere in the world.

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“So, taking away that name is somehow because of the prestige that comes with it.

“The governor needed to have considered other factors before making such a pronouncement.

READ ALSO: JUST IN: Oyo Ex-governor, Olunloyo, Is Dead

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“The name of the late Dr Omololu Olunloyo is good, but what many people are against is the changing of the name, The Polytechnic Ibadan.

“It is not that the change of name will bring new development to the school,” he said.

Another alumnus, Mr Olaoluwa Olabode, said that the renaming would affect both past and current students negatively.

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According to him, he doesn’t see the move bringing any improvement to the educational institution, alleging that it was done with a political undertone.

What benefits would the change of name bring to the school?” Olabode queried.

In his opinion, another alumnus, Mr Sanmi Olatunde, said perhaps the government should have renamed a particular building in the school instead of the institution’s name.

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READ ALSO: Trade Volume Between Vietnam, Nigeria Surpasses $1bn – Envoy

This is the only polytechnic we have in Ibadan; it is not right that the name of the institution is changed,” Olatunde said.

Calling for a review, an Ibadan indigene and alumnus, Mr Tayo Olaleye, described the institution as the pride of the ancient city of Ibadan that should not be tampered with.

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According to him, it is not acceptable for the name to be changed at will.

Furthermore, Olaleye said the renaming would affect the students in easily securing favour and job opportunities with the alumni.

This is a prestigious institution whose name has been resounding in many spheres for decades, at home and abroad, so we do not welcome the sudden renaming,” Olaleye said.

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Meanwhile, Comrade Tiamiyu Ademola, Chairman, National Association of Nigerian Students (NANS), Joint Campus Committee (JCC), Oyo State Chapter, said the renaming would not affect the institution’s reputation.

According to him, the institution’s reputation will stand provided its management maintains its standard.

He also urged the students not to allow the matter to lead to any form of protest.

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READ ALSO: Olunloyo: Goodnight, Voltaire

However, he noted that the decision could still be reversed with genuine arguments from alumni and other stakeholders of the institution.

We believe that Gov. Seyi Makinde is a listening governor; with the right approach, I believe the decision can still be reversed,” he said.

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However, a chieftain of the Peoples Democratic Party (PDP), Alhaji Moshood Olaleke, hailed Makinde for honouring Olunloyo with the gesture.

Olaleke said no honour would be too great for Olunloyo, whom he referred to as a great mathematician.

He described the three months Olunloyo spent as the executive governor of the old Oyo State before the military took over as remarkable.

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According to him, Olunloyo had already put in place a solid structure for good governance before the coup that terminated his tenure.

He said that Makinde should be commended for recognising the positive contributions of the late technocrat to the state.

Recall that Olunloyo died on April 6, a few days before April 14, when he would have turned 90 years old.
(NAN)

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