News
Naira Printing: ‘I’m Not Guilty Of EFCC’s Fresh Charge,’ Emefiele Pleads

The embattled former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has pleaded not guilty to the allegation that he unlawfully printed Naira Notes while he held sway at the apex bank.
The Economic and Financial Crimes Commission, EFCC, alleged that Emefiele had without authorization from former President Muhammadu Buhari, printed N684million Notes with the total sum of N18.96billion.
Besides, the anti-graft agency accused the former CBN boss of unlawfully approving the withdrawal of about N124.8bn from the consolidated revenue fund.
According to the EFCC, the defendant, acting in violation of law and “with intent to cause injury to the public,” okayed the printing of naira notes without the approval of both the former President, Muhammadu Buhari and the board of the CBN.
However, when the four-count charge was read to the defendant before trial Justice Maryann Anenih of the High Court of the Federal Capital Territory, FCT, he pleaded his innocence to the allegation.
While the prosecution counsel, Mr. Rotimi Oyedepo, SAN, requested for a date for the commencement of full hearing in the matter, the defendant, through his team of lawyers prayed the court to allow him to go home on bail, pending the determination of the case against him.
READ ALSO: Ex-CBN Gov, Emefiele Faces Fresh Charge Over Printing Of Naira Emefiele
Specifically, the charge against the former CBN Governor, read: “That you Godwin Ifeanyi Emefiele, between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007;
“…by approving the printing of N375,520,000.00 pieces of colour swapped N1, 000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.
“That you, Godwin Ifeanyi Emefiele, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes;
“…at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.
READ ALSO: How I Collected Dollars In Cash For Emefiele, Dispatch Rider Tells Court
“That you Godwin Ifeanyi Emefiele, between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of colour swapped N200 (Two Hundred Naira) Note;
“…at the total cost of N3, 441, 005, 280 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.
“That you, Godwin Ifeanyi Emefiele, on or about the 7th day of October 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended);
“…by approving the withdrawal of the total sum of N124, 860, 227, 865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public and you thereby committed an offence.”
READ ALSO: EFCC Files 26 Fresh Count Charge Against Emefiele
It will be recalled that President Bola Tinubu had on June 9, 2023, suspended Emefiele from office as the head of the apex bank.
He was later arrested at his Lagos residence by DSS operatives.
The former CBN boss was subsequently transferred to the custody of the EFCC, which on November 28, 2023, docked him on a six-count charge that bordered on his alleged involvement in procurement fraud.
Though Emefiele, who initially spent 151 days in custody of security agencies, was later granted bail to the tune of N300million and ordered to produce two sureties that the trial court stressed must be Abuja residents that have landed property within the Maitama District, the defendant could not perfect the conditions till December 23, 2023, when he was released from Kuje prison where he spent about 34 days.
The defendant had since then, faced various charges, both in Abuja and Lagos.
News
Two Schoolchildren Electrocuted In Anambra During Rainfall
Tragedy struck in Nnewichi, Nnewi North Local Government Area of Anambra State on Monday when two schoolchildren were electrocuted while taking shelter from the rain at a roadside shop.
The incident, which occurred at St. Peter’s Claver Junction, threw the community into mourning.
Eyewitnesses and CCTV footage revealed that several pupils had gathered at the shop to escape the downpour when the tragedy happened.
A resident near the scene, who pleaded anonymity, recounted, “Several pupils were taking shelter at the roadside shop during the heavy rainfall. But tragedy struck when the wet bodies of two of the schoolchildren came in contact with a live metal, and they were instantly electrocuted.”
READ ALSO:Four Escape Death As Trucks Collide In Anambra
According to witnesses, panic spread as the children collapsed instantly, while others narrowly escaped.
The shop owner was said to have not yet opened for business when the incident occurred.
“It took the intervention of some security officers and passers-by, who used protective gloves to evacuate the bodies,” another eyewitness said.
The incident came just days after a similar tragedy in the same Nnewi area, where a woman was swept away by floodwaters in the Uruagu community.
READ ALSO:Four Escape Death As Trucks Collide In Anambra
When contacted, the Anambra State Police Command spokesperson, SP Tochukwu Ikenga, confirmed the incident, noting that an investigation was underway.
“The facts are not clear yet, but the divisional police officer has been directed to find out the details for a comprehensive report,” Ikenga stated.
The latest tragedy adds to recent cases of electrocution in the state.
READ ALSO:Four Feared Killed As Gunmen Attack Burial Ceremony In Anambra
In May, a three-year-old girl was killed in Awka after stepping on a live cable belonging to the Enugu Electricity Distribution Company.
Residents had reportedly alerted officials about the fallen high-tension wire, but it was not repaired until after the fatal incident.
A resident, identified as Uche, said, “The cable fell on Friday and wasn’t fixed until Sunday, after it had electrocuted the girl. The officials even requested ₦30,000 to fix it but didn’t show up until it was too late.”
The repeated incidents have reignited public concern over poor electricity infrastructure and safety negligence in Anambra communities.
News
Oyo Orders Traders To Vacate Airport Road In Two Weeks
The Oyo State Government has issued a two-week ultimatum to traders operating along Airport Road, Old Ife Road, and Onipepeye areas of Ibadan to vacate the roadside or face enforcement action.
The directive was detailed in a Tuesday statement released by the Chief Press Secretary to Governor Seyi Makinde, Dr. Suleimon Olanrewaju.
He warned that the state would no longer tolerate roadside trading or the placement of container shops on drainage.
READ ALSO:2027: Oyo Gov, Makinde Speaks On Successor
According to the statement, “the government has provided markets and other designated spaces for trading across the city, making it unnecessary and unsafe for traders to occupy roadsides.”
The government said the action was necessary to safeguard lives, prevent environmental hazards, and protect public infrastructure.
It also warned that trading on walkways and blocking drainage channels increases the risk of flooding and undermines the state’s efforts to promote tourism.
READ ALSO:Former Oyo Police Commissioner Is Dead
“The government has a duty to protect citizens from all manner of danger,” the statement said, noting that roadside trading exposes people to serious risks.
The ultimatum expires on October 27, after which enforcement will begin.
The government said “non-compliance could lead to the confiscation of goods and prosecution of offenders.”
It appealed for cooperation from residents to ensure a cleaner, safer, and more sustainable environment in the state.
News
Admissions: Mathematics No Longer Compulsory For Arts Students, Says FG
Nigerian senior secondary school students in arts and humanities will no longer be required to present a credit in mathematics in their Senior School Certificate Examination, organised by the West African Examination Council and National Examination Council, as a condition for admission to universities and polytechnics, the Federal Ministry of Education said on Tuesday.
For years, admission seekers in arts and humanities, like their contemporaries in sciences and social sciences, have been mandated to have five credits, including mathematics and English language, to secure admission into higher institutions.
“The revised National Guidelines for Entry Requirements into Nigerian Tertiary Institutions are designed to remove barriers while maintaining academic standards.
“The new framework applies to universities, polytechnics, colleges of education, and Innovation Enterprise Academies across the country as follows:
READ ALSO:FG To Disburse ₦6.3bn Interest-free Loans To 21,000 Flood Victims
“Universities: Minimum of five (5) credit passes in relevant subjects, including English Language, obtained in not more than two sittings. Mathematics is mandatory for Science, Technology, and Social Science courses.
“Polytechnics (ND Level): Minimum of four (4) credit passes in relevant subjects, including English Language for non-science courses and Mathematics for science-related programs.
“Polytechnics (HND Level): Minimum of five (5) credit passes in relevant subjects, including English Language and Mathematics.
“Colleges of Education (NCE Level): Minimum of four (4) credit passes in relevant subjects, with English Language mandatory for Arts and Social Science courses, and Mathematics required for Science, Vocational, and Technical programs,” a statement by the FME’s spokesperson, Folasade Boriowo, said.
READ ALSO:JUST IN: FG Enforces No-work-no-pay On Striking ASUU Members
An education analyst, Ayodamola Oluwatoyin, who spoke to our correspondent in Abuja, hailed the reform.
“This is a brilliant reform, which we hope will open the doors and improve the ease of admissions into tertiary institutions for more seekers.”
The Minister of Education, Dr Tunji Alausa, described the reform as a deliberate effort to expand access to tertiary education.
The ministry also approved a comprehensive reform of admission entry requirements into all tertiary institutions across the country, increasing the average annual intake from about 700,000 to one million students.
READ ALSO:Progress Means Food On Tables, Not Statistics, CAN Tells FG
According to the government, the new policy aims to expand access to higher education and create opportunities for an additional 250,000 to 300,000 admissions each year.
The minister explained that the reform became necessary after years of limited access, which left many qualified candidates unable to secure admission despite meeting the required standards.
“Every year, over two million candidates sit for the Unified Tertiary Matriculation Examination (UTME), yet only about 700,000 gain admission. This imbalance is not due to lack of ability but outdated and overly stringent entry requirements that must give way to fairness and opportunity.
“The reform is a deliberate effort to expand access to tertiary education, creating opportunities for an additional 250,000 to 300,000 students each year. It reflects our commitment to ensuring that every Nigerian youth has a fair chance to learn, grow, and succeed—putting the Renewed Hope Agenda into action,’’ he said.
The revised National Guidelines for Entry Requirements into Nigerian Tertiary Institutions are designed to remove barriers while maintaining academic standards.
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