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Alleged N89trn Fraud: Emefiele Must Be Sacked, Prosecuted -Dr Gololo

Published

3 years ago

December 15, 2022

A chieftain of the All Progressives Congress, Dr Garus Gololo has urged President Muhammadu Buhari to immediately terminate the appointment of governor of the Central Bank of Nigeria, Mr Godwin Emefiele over his alleged looting of a whooping sum of N89.7trillion stamp duty.

Former secretary of the dissolved Presidential Committee on Reconciliation and Recovery of Stamp Duties Revenue and lawmaker in the House of Representatives, Kazaure Gudaji had narrated how N89 trillion from stamp duties was misappropriated and diverted by the CBN governor.

Kazaure had explained that his committee was secretly constituted by President Buhari, with Adetola Adekoya and him as the chairman and secretary, respectively.

The lawmaker said he had in a letter dated August 8 sought the approval of the president to set up the committee that included the Minister of Finance, Zainab Ahmed, the Attorney-General of the Federation, Abubakar Malami, the Director General of the Department of State Services (DSS), Yusuf Bichi, Mohammed Wakili, a retired Commissioner of Police and one Mr Okafor, a retired staff of the National Intelligence Agency.

In a fresh document sighted by our correspondent, the lawmaker narrated how various sums flagged into various accounts of the CBN were diverted.

Reacting to the allegations, Dr Gololo lamented that while the country’s economy was getting worse and the citizens getting getting poorer, those at the helm of the affairs were busy stashing the nation’s wealth away for personal coffers.

He wondered how a central bank governor could “heartlessly” corner such humongous sum for personal use even when the Nigeria’s currency which he controls daily go on a free fall and had become a laughingstock in the international community.

“Look at our currency today, almost becoming worthless under a CBN governor, yet people who are looked up to as the custodians of our wealth are busy pushing our money away.

“It’s really not funny to hear such story this afternoon. I was shocked. And this is aan so trusted by the president. President Buhari reposes a lot of trust in Emefiele and look at the betrayal.

“Emefiele must be sacked immediately, investigated and if found culpable, must be jailed.

“Was it not in our presence that the former Accountant General of the Federation was caught, sacked, prosecuted, detained and is on the verge of going to jail? The right thing must be done to Emefiele is found wanting,” the outspoken retired Army General posited.

He called on the anti-graft agencies to rise up to their responsibilities by ensuring that these eye-opening revelations by Hon. Kazaure was not swept under the carpet in order to save the nation’s economy and suffering citizens from these very corrupt government officials like the CBN governor, just as was done to others.

According to him, “Look at the state governors in the south, especially the oil producing states. How many former governors in the south have been prosecuted for corruptively cornering their 13% oil derivation meant for developing their states and bettering their citizens’ lives? Why is it that only officials from the north are being prosecuted and jailed? Is it only northern governors that squander their states’ resources and going to jail? Is it because they’re from the north?

“President Buhari must constitute an investigative panel, whether presidential or judicial, to investigate Emefiele, and if found guilty, be subjected to jail. But before that, the CBN governor has to give way first for sound probing,” the General insisted.

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Nigeria’s Historic Bid for the 2030 Commonwealth Games: A Call for National and Global Support

Published

7 days ago

September 30, 2025

The Gleamer

Joel Ajayi

Nigeria is poised to make history as it seeks to host the Centenary Commonwealth Games in 2030, a monumental opportunity that promises to transform the nation’s economy, infrastructure, and global standing.

More than a sporting spectacle, the Games would serve as a catalyst for development across multiple sectors, leaving behind a legacy of national pride and sustainable growth.

The benefits of hosting the Games extend far beyond the sports arena. Nigeria stands to gain both empirical and non-empirical advantages, with direct, indirect, and induced impacts that will touch every corner of society. Infrastructural development will take center stage, with new facilities such as indoor sports halls, conference centers, and improved road networks reshaping urban landscapes while strengthening the nation’s capacity to host future international events.

Economic growth is another significant dividend. Over 10,000 jobs are expected to be created, spanning construction, facility management, event planning, and tourism services.

The hospitality industry will undergo major improvements as hotels and resorts are upgraded to meet international standards, while local restaurants, lounges, and tourist attractions will see a surge in patronage from international visitors. Small and medium enterprises, particularly in the transport, finance, and food service sectors, will become some of the greatest beneficiaries, as the Games generate new demand and expand opportunities for local businesses.
The Commonwealth Games will also accelerate the growth of Nigeria’s sports industry.

Investments in training facilities, coaching, and talent development will inspire a new generation of athletes, ensuring long-term benefits that extend beyond 2030, a major focus of the President Bola Tinubu administration.
At the same time, the process of preparing for the Games will create opportunities for Nigerians to learn new crafts, acquire technical skills, and engage in global-standard event management, thereby strengthening human capacity and innovation across industries.

Mallam Shehu Dikko, Chairman of the Nigeria Sports Commission, and Hon. Bukola Olopade, the Director General, have been widely recognized for their tireless and visionary leadership in repositioning Nigeria’s sporting sector.

Their commitment to facilitating infrastructural development and strengthening grassroots sports development has laid the foundation for Nigeria’s bold bid to host the 2030 Commonwealth Games. Under their leadership, the NSC is fostering strategic partnerships and driving innovation in sports administration, they have demonstrated the nation’s readiness to stage an event of such global magnitude.

Beyond the tangible gains, the hosting of the 2030 Commonwealth Games carries profound symbolic value. It would be a moment of unity and pride, a chance for Nigeria to showcase its cultural richness, resilience, and excellence to the world.
As a centenary edition, the Games would stand as a historic milestone not just for the Commonwealth but for Nigeria itself, cementing its place on the global stage as a capable, ambitious, and forward-looking nation.

The gains from hosting the Commonwealth Games can never be undermined or overemphasized. This is Nigeria’s time to step forward and show the world our resilience, and excellence. We call on every Nigerian, across sectors and communities, to support this noble aspiration.

Nigeria’s pursuit of the 2030 Commonwealth Games is a vision for transformation, a blueprint for national development, and a legacy project that will inspire generations to come.

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