Breaking
Breaking: New Leadership at the Central Bank of Nigeria.
Breaking: New Leadership at the Central Bank of Nigeria.
By Anthony Beauty,
In a significant development on September 15, Mr. Olayemi Cardoso was nominated by President Bola Tinubu for the position of Governor of the Central Bank of Nigeria (CBN). Just last week, the Senate confirmed not only Mr. Cardoso’s appointment but also those of his deputy governors, Emem Usoro, Muhammed Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello. The thorough screening process that took nearly three hours provided an opportunity for the new CBN Governor to outline his vision for the apex bank.
Cardoso emphasized his primary goal of reshaping the CBN through a combination of short, medium, and long-term measures. His vision encompasses implementing transparent monetary policies, learning from past mistakes, and adhering to constitutional duties while ensuring alignment with international financial standards. He pledged to restore confidence in the autonomy and integrity of the CBN, focusing on price stability and shifting towards evidence-based monetary policies while discontinuing unorthodox monetary policies adopted by his predecessor to strengthen the naira.
In the midst of economic challenges, where the naira was nearing a rate of 1,000 per US dollar in the parallel market, and settling at N755.08 per US dollar in the official market, many Nigerians might understandably overlook this change in CBN leadership. However, given the CBN’s critical role in the economy’s functioning and well-being, the Senate’s responsibility is to diligently scrutinize the qualifications and performance of the nominees. Accountability for any misuse of CBN’s powers by its leadership is vital for a more effective and efficient CBN, which the Senate has occasionally fallen short of in the past. It is hoped that this time will be different.
Cardoso’s profile and his impressive performance during his confirmation process inspire hope. With over 30 years of experience in various sectors, including private, public, and not-for-profit organizations, he brings a wealth of knowledge and expertise to the role. His track record as a financial expert, consultant, and policy advisor to international organizations underscores his capacity to lead the CBN effectively.
Cardoso faces the daunting task of returning the CBN to its core mandate, especially in the face of economic challenges. His immediate focus, as advocated by the Centre for the Promotion of Private Enterprise (CPPE), should be on restoring confidence in Nigeria’s foreign exchange market and recapitalizing the banking industry. Addressing these issues will be a significant step toward fulfilling his leadership role at the CBN.
The new CBN Governor should also steer clear of the past practices of making divisive statements, engaging in politics, or misusing public funds, as these actions have historically undermined the CBN’s mandate. With the current state of the naira in international markets, a change in approach is not just advisable but necessary.
As Mr. Cardoso begins his tenure, the expectations are high. Nigerians will hold him accountable for his promise to promote transparency, uphold the CBN Act, and ensure the CBN’s success. It is incumbent on him to make a lasting, positive impact during his time in office.
Breaking
STATEHOUSE PRESS RELEASE: NATIONAL COUNCIL OF STATE UNANIMOUSLY APPROVES APPOINTMENT OF PROFESSOR AMUPITAN AS INEC CHAIRMAN
The National Council of State has approved the nomination of Professor Joash Ojo Amupitan (SAN) from the North-Central as the new Chairman of the Independent National Electoral Commission (INEC).
President Bola Ahmed Tinubu presented Amupitan as the nominee to fill the vacant position, following Professor Mahmood Yakubu’s exit. Yakubu served from 2015 till October 2025.
President Tinubu told the council that Amupitan is the first person from Kogi, North-Central state, nominated to occupy the position and is apolitical.
Council members unanimously supported the nomination, with Governor Ahmed Usman Ododo describing Amupitan as a man of integrity.
In compliance with the constitution, President Tinubu will now send Amupitan’s name to the Senate for screening.
Amupitan, 58, from Ayetoro Gbede, Ijumu LGA in Kogi State, is a Professor of Law at the University of Jos, Plateau. He is also an alumnus of the university.
He specialises in Company Law, Law of Evidence, Corporate Governance and Privatisation Law. He became a Senior Advocate of Nigeria in September 2014.
Amupitan was born on April 25, 1967.
After completing primary and secondary education, he attended Kwara State Polytechnic, Ilorin, from 1982 to 1984, and the University of Jos from 1984 to 1987. He was called to the bar in 1988.
He earned an LLM at UNIJOS in 1993 and a PhD in 2007, amid an academic career that began in 1989, following his National Youth Service at the Bauchi State Publishing Corporation in Bauchi from 1988 to 1989.
Currently, he serves as the Deputy Vice-Chancellor (Administration) at the University of Jos, a position he holds in conjunction with being the Pro-Chancellor and Chairman of the Governing Council of Joseph Ayo Babalola University in Osun State.
Among the academic positions he has held at UNIJOS are: Chairman of the Committee of Deans and Directors (2012-2014); Dean of the Faculty of Law (2008-2014); and Head of Public Law (2006-2008).
Outside of academics, Amupitan serves as a board member of Integrated Dairies Limited in Vom, a member of the Nigerian Institute of Advanced Legal Studies Governing Council, and a member of the Council of Legal Education (2008-2014), among other roles. He was a board member of Riss Oil Limited, Abuja(1996-2004).
Amupitan is the author of many books on law, such as Corporate Governance: Models and Principles(2008); Documentary Evidence in Nigeria (2008); Evidence Law: Theory and Practice in Nigeria(2013), Principles of Company Law(2013) and an Introduction to the Law of Trust in Nigeria (2014).
He is married and has four children.
Bayo Onanuga
Special Adviser to the President
(Information and Strategy)
October 9, 2025
By: Divine Perezide
The Independent National Electoral Commission (INEC) has dismissed media reports suggesting that it has suspended the Delineation of Electoral Wards in Warri Federal Constituency, covering Warri South, Warri South-West, and Warri North Local Government Areas.
The rebuttal followed a report by the Punch Newspaper claiming that an INEC official had hinted at a suspension in connection with the Supreme Court judgement of December 2, 2022. INEC clarified such reports were misleading.
In a statement issued on Sunday, INEC emphasized “the commission has not taken any decision regarding the delineation exercise in the Warri Federal Constituency. Reports alleging suspension are inaccurate and do not reflect the position of INEC.
The Commission noted that it remains committed to upholding the Supreme Court judgment but insisted that due process and broad consultation must guide every step of the delineation process.
A senior Electoral Officer, who spoke on conditions of anonymity, stressed that INEC’s mandate cannot be subjected to misrepresentation. “We must be clear: no suspension has been declared. What we have is an ongoing consultation process to ensure compliance with legal and constitutional provisions,” he stated.
The Supreme Court ruling of December 2022 had directed INEC to ensure fair representation of all ethnic nationalities within the Warri Federal Constituency by reviewing and delineation wards accordingly.
INEC assured stakeholders, particularly in Delta State, that it would communicate its position at the appropriate time, adding that it remains committed to transparent and credible Electoral Reforms.
(c) IduwiniVoice
By: Favour Bibaikefie
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has announced the withdrawal of services at Dangote Refinery and all Oil Installations following what it described as the unlawful dismissal of more than 80 of its members.
In a statement released by the union, the PENGASSAN condemned whT it termed “Dangote Refinery unilateral action to sack ova 800 members of our association for joining our union,” BBC Pidgin reported.
The association further described the move as “an affront to all workers for Nigeria and deliberate violation of Nigeria labour laws, di Constitution, and ILO convention.”
The mass sack has drawn significant concerns across labour circles, with PENGASSAN warning that such practices could set a dangerous precedent for the treatment of workers in the country’s oil and gas sector.
Reacting to the development, Dangote Refinery said it had taken necessary steps within the boundaries of law and industrial practice. While the company the company did not provide a detailed explanation for the dismissal, it insisted its actions were guided by operational realities.
Labour watchers say the dispute could escalate into a major confrontation unless urgent mediation is initiated by the federal government via the Ministry of Labour and Employment.
The refinery, commissioned to be a game-changer in Nigeria’s energy sector, now faces its first major labour crisis since operations began.