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CBN Probe: Influential Nigerians Seek Tinubu’s Soft Landing Over $5bn FX

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President Tinubu

 

As the Jim Obazee-led special investigative panel probing the Central Bank of Nigeria (CBN) wraps up its assignment, influential Nigerians fingered in various financial infractions are jostling to meet with President Bola Tinubu to secure a soft landing.

Top on the list are top importers, manufacturers and politically-exposed businessmen who are allegedly neck deep in foreign exchange round-tripping totalling over $5 billion.

It was gathered that presidential aides are blocking these persons from having access to Tinubu in order not to affect the investigation nor its outcome.

Reliable sources told Daily Sun that President Tinubu is not ready to listen because “he wants to cleanse the financial ecosystem and plant the economy on a success path.”

“Those fingered in any infractions will be made to face the full wrath of the law because there are no sacred cows. They’re part of the reasons the foreign exchange market is in disarray and efforts are ongoing to restore normalcy and confidence in the system.

“I know many of them are lobbying seriously to meet with President Tinubu to secure some sort of soft landing, including returning the FX and avoiding prosecution. The panel has uncovered a lot of things and many of these influential people are currently on the investigative dashboard of the panel. Their staff have been grilled and a lot has been uncovered. The full report will be ready any moment from now”, a source close to the panel told Daily Sun”.

 

It was also discovered that members of the investigative panel have been receiving threatening messages since they lifted the lid on various financial malfeasances of FX traffickers whose firms have also come under investigation.

In July, President Tinubu constituted a special investigative panel to probe the apex bank and other Government-owned businesses.

He directed the team to report directly to his office to insulate them from hurtful bureaucratic bottlenecks.

In September, the panel extended its dragnet to companies and establishments owned by top shots of the apex bank and board members.

While the companies were kept under wraps as investigations deepened, Daily Sun, however, gathered that some of them were believed to be used as conduits for anchor borrowers’ loans and foreign exchange rackets; as there are no commensurate investments on ground to justify the hefty facilities.

In the course of the investigation, former CBN Governor, Godwin Emefiele and his deputies resigned and were replaced with a fresh team led by Dr. Yemi Cardoso.

In August, the apex bank released its Consolidated Financial Statements for the last seven years, making it the first time since 2015 that the apex bank will open its book available for public scrutiny.

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Unknown Gunmen Abduct Channelstv Reporter In Port-harcourt

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Some unknown gunmen have kidnapped Joshua Rogers, the ChannelsTV reporter in Port-Harcourt, the Rivers State capital.

Politics Nigeria learnt that Rogers was picked up close to his residence at Rumuosi in Port Harcourt and to an unknown destination by the gunmen around 9pm on Thursday, April 11.

The reporter was driving his official ChannelsTV branded car when the hoodlums accosted, pointed a gun at him and took him away in the same vehicle.

 

Rogers was said to be returning from his official assignment in Government House after a trip to Andoni for a government event when the incident happened.

Already, the gunmen were said to have contacted his wife and demanded a N30million ransom for bis release.

His cameraman confirmed the incident and appealed to his abductors to set him free unconditionally.

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Lassa Fever Kills 150 In Nigeria — NCDC

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According to the Nigeria Centre for Disease Control and Prevention (NCDC), 150 people died from Lassa virus in 125 local government areas throughout 27 states in the federation between January and March 2024.

The NCDC reported that the deaths were recorded with a case fatality rate (CFR) of 18.6% overall from week one to week thirteen, 2024. This is higher than the CFR for the same time in 2023 (17.5%).

In its Lassa Fever Situation Report Epi Week 13, which was released on March 25–31, 2024, the agency revealed that 806 of the 5,295 suspected cases that were recorded were confirmed. Eyes Of Lagos reports,

According to the report, in week 13, the number of new confirmed cases decreased from 25 in Epi week 12, 2024 to 15. These cases were reported in Ondo, Bauchi, Plateau and Edo states.

 

In total for 2024, 27 states have recorded at least one confirmed case across 125 LGAs, even as 62 percent of all confirmed Lassa fever cases were reported from Ondo, Edo, and Bauchi states, while 38 percent of cases were reported from 24 states with confirmed Lassa fever cases.

Of the 62 percent confirmed cases, the NCDC said Ondo reported 24 percent, Edo 22 percent, and Bauchi 16 percent. The predominant age group affected is 31-40 years (Range: 1 to 98 years, Median Age: 32years), with a male-to-female ratio for confirmed cases of 1:1.

From the report, the number of suspected cases (5,295) increased compared to that reported for the same period in 2023 (4,338).

The agency confirmed that the National Lassa fever multi-partner, multi-sectoral Incident Management System has been activated to coordinate response at all levels at the Emergency Operations Centre, EOC.

No new healthcare worker was affected in the reporting week 13, the report noted.

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