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Cardoso sacked 25 directors out of 29 he met at CBN



Last Updated on June 4, 2024 by Fellow Press

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, sacked 25 of the 29 directors he inherited.

The other four of them recently retired on attaining the statutory retirement age of 60.

Those directors were heading various strategic departments under the directorates of the bank.

The CBN directors still in service are Rashida Jumoke Monguno, Corporate Secretariat; Aderinola Shonekan, Research, Omolara Duke, Financial Markets; Jimoh Musa Itopa; Capacity Development; Muhammad Abba, Human Resources; Rabiu Musa, Finance; Sirajuddin Kofo Salam-Alada, Legal Services; Blaise Ijebor, Risk Management and Lydia I. Alfa, Internal Audit.

Senior officials at the CBN told our reporter that the management had concluded plans to recruit new directors from outside the apex bank.

One of them said: “Why are the departments still being manned by departmental coordinators more than three months after the sack of the substantive directors?”

“Since his (Cardoso’s) appointment, no director has been appointed. He has kept all vacant departments under the leadership of acting directors,” another source said.

Since March this year, the CBN has dismissed over 600 staff.

On May 24 alone, over 300 staff were laid off; about the third time the apex bank disengaged some of its staff. Between March 15 and April 11, 2024, over 117 staff were sacked for what was described as efforts to reorganise the bank.

Below is a list of some of the directors affected by Cardoso’s storm at the apex bank:

Dr Blaise Ijebor, Director, Risk Management

Dr Mahmud Hassan, Director, Trade & Exchange;

Dr Ozoemena S. Nnaji, Director, Statistics

Chibuike D. Nwaegerue, Director, Other Financial Institutions Supervision

Chibuzo A. Efobi, Director, Payments System Management

Haruna Bala Mustafa, Director, Financial Policy and Regulation

Rakiya Shuaibu Mohammed, Director, Information Technology

Benjamin Nnadi, Director, Reserve Management


Nollywood actress, Stella Ikwuegbu, dies



Last Updated on June 16, 2024 by Fellow Press

The Nigerian Movie Industry has once again been thrown into mourning following the demise of another actress, Sandra Ikwuegbu.

The Veteran Actress is said to have died today, June 16, after a battling with leg cancer,

Her colleagues in the industry have taken to social media to mourn her. Movie Producer, Stanley Ontop , wrote;

‘’Popular Nollywood actress/veteran Mrs stella ikwuegbu is dead.

The Veteran Actress left this world today after battling with Leg cancer. Rest well madam Stella.

Nollywood not again

It’s well


Another colleague of hers, Ijele Ozioma Christy Ejiofor, who paid a visit to the late actress’s home this afternoon, wrote

‘’Ukwu Gi Dia. Why? You scaled through several, accident s and all. Eniure/Achiere came, and in less than a week, it killed you. Oh my… I feel bad.

Stella Ikwuegbu, nenu Jennifer, you didn’t enjoy a thing. Why? Just why?

Adieu Great Actress Extraordinary…”

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Food shortage in Southwest will be calamitous– Yoruba Group



Last Updated on June 16, 2024 by Fellow Press

A Yoruba socio-political group, Yoruba Commitment Forum (YCF) has raised an alarm about the looming food shortage in the South West region of the country.

The group said, though, the impending food insecurity is a national crisis, stressing that its impact on Yorubaland is going to be calamitous.

This was contained in a statement jointly signed by Otunba Hon Tayo Onayemi, Barr. Akeem Aponmade, Barr. Femi Mokikan, Otunba Niyi Sodiya, Mrs. Buky Tunde Oshunrinde and Mrs. Sola Maja, and made available to newsmen in Abeokuta, Ogun State capital.

The YCF attributed the looming food shortage to the invasion and destruction of farmlands by rampaging Fulani herders.

The group, while calling for adequate security of farmers and their farmlands, equally appealed to the federal government to adequately compensate whose farmlands were destroyed and as well give them financial incentives, to encourage them to go back to farm.

The statement titled, “Nigeria’s headaches, food insecurity in Yorubaland”, read, “we have observed that for about seven years now, Fulani herdsmen have been engaging in a relentless destruction of farmlands and settlements in Yorubaland. These criminal Fulani elements resorted to kidnapping, raping, maiming and killing of farmers and Yoruba sons and daughters.

“Neither the governments at any level, nor Fulani herdsmen’s apologists would claim ignorance of the atrocious activities of these ruthless people. Video recordings of their wicked actions suffuse the internet. The end result is that farmers began to be scared off their farms gradually until now when farms have been completely abandoned.

“When this started years ago, foresighted individuals raised concerns; they warned about the potential danger of food insecurity beginning with rising food prices and the need to ensure a stable food supply. It appears that Southwest was deliberately targeted and the invasion of our farmlands was the execution of a conscious plan to starve our people to death.

“We, the Yoruba Nation agitators, cried out for help against the brazen onslaught, but none came from the federal government led by a Fulani man.

“Unfortunately, the hens have now come home to roost as the consequences of our action, and inaction, are now here for real with food shortages and very high prices making it increasingly difficult for our people to access the basic necessity of food.

“Before the current situation spirals out of control, we hasten to inform the government that there is no alternative to large scale farming which Fulani herdsmen have destroyed by waging a war against farmers. Subsistence farming through the backyards, as good as it is, cannot serve the purpose of assuring any people of food security. Farmlands in the South West must be made very safe.

“We state emphatically that the situation whereby a basket of tomatoes is sold for #4000 in the North while the same is sold in Yorubaland for #150,000 is callous, ruthless and unacceptable to us.

We also call for assistance to use cheaper rail transport among others to assist our market men and women. Other regions do this, why not here in Yorubaland?

“Secondly, governments must incentivise farmers whose investments have been destroyed during the war of attrition waged against them by Fulani terrorists. Without government’s financial assistance, there is no way most farmers will be able to go back to farming, even if security of their lives and new investments are assured”, the statement concluded.

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