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CBN Governor’s Wife Kidnap

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Godwin Emefiele CBN - Investors King

In a bid to track the abductors of Mrs. Margaret Emefiele, the wife of the Central Bank Governor, Godwin Emefiele, the Inspector-General of Police, Ibrahim Idris, has deployed helicopters along the Benin-Agbor Road, where the incident had taken place.

Idris, it was gathered, had also flooded the area with hundreds of police operatives and sniffer dogs in a move to put pressure on the kidnappers.

A senior police officer said, “We received information on Thursday that the CBN governor’s wife was abducted alongside three women and a male driver. They were on their way to Agbor, Delta State, where she hails from.

“We have deployed policemen, helicopters and sniffer dogs and we will arrest the suspects very soon.”

Gunmen had on Thursday abducted Margaret along with four others and demanded N100m as ransom.

The kidnappers were said to have made the demand after taking their victims to an unknown location.

A senior police officer told our correspondent that Margaret was abducted alongside three women and a male driver.

He said they were abducted along the Benin-Agbor Road on Thursday.

Police sources said the abductors did not know her identity, adding that they simply stumbled on her and whisked her away.

Our correspondent learnt that the IG Special Intelligence Monitoring Team, headed by Abba Kyari, has commenced investigation into the incident.

Kyari was the officer who arrested the suspects responsible for the abduction of Prof. Kamene Okonjo, the mother of ex-Finance Minister, Ngozi Okonjo-Iweala, in 2012.

Another source said, “The kidnappers did not know the identity of the woman; preliminary investigation indicated that the gang just got her by chance. They have contacted her husband and they are demanding for N100m cash.”

Findings indicate that there were fears that the gang may increase their demand if they got to know the identity of their hostage.

“We actually wanted to keep the incident under wraps until the woman has been rescued, because the exposure of the victim’s identity may complicate the case; this is our fear,” a source said.

The police spokesman, Donald Awunah, could not be reached for comments as calls to his mobile telephone failed to connect. He had yet to respond to an SMS as of the time of filing this report.

Incident, very embarrassing-Security experts

Security experts described the abduction of the CBN governor’s wife as an embarrassment, noting that something must have gone wrong.

A former director, Department of State Services, Mike Ejiofor, stated that as a politically exposed person, Margaret must have had security operatives attached to her.

He wondered where the personnel were at the time she was abducted, noting that until the details of the incident came to light, it might be hard to know what transpired.

The lawyer urged Nigerians to take their personal security seriously.

Ejiofor said, “I don’t know the circumstances around her abduction, but this is one of the highest profile kidnap cases in recent time.

“How can the wife of the CBN Governor, with all these security challenges be kidnapped? We need the details. Was any security operative attached to her?

“As the wife of the CBN governor, I expect she would need some protection. Until I get the details, I can’t talk much, but I believe something has gone wrong, which is very embarrassing.”

Another security analyst, Ben Okezie, also observed that something must have gone wrong with the security operative(s) around Margaret.

He expressed confidence that the kidnap victim would be rescued and prayed for her safety.

“We pray they did not do anything evil to her. This should signal top people that their security should be guaranteed because they are important to Nigeria,” Okezie said.

When contacted, the spokesperson for the CBN, Mr. Isaac Okoroafor, did not pick repeated calls made by one of our correspondents to his mobile telephone.

When a text message was sent to him, requesting for comments on the kidnap of Margaret, his response was “I am sorry, not at this time.”

When contacted on Friday evening, the acting Police Public Relations Officer, Edo State Command, Stephen Onwochei, told our correspondent to call back in 20 minutes.

But he did not pick subsequent calls made to his telephone.

He also did not respond to a text message sent to his telephone number as of the time of filing this report.

However, the Zonal Police Public Relations Officer, Emeka Iheanacho, said that he was not aware of the incident.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Government

Worsening Hardship: Fresh Pressure Mounts on Tinubu’s Ministers Over Planned Cabinet Rejig 

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There is apparent fear within the cabinet of President Bola Tinubu over plans by the president to relieve some of the ministers of their duties.
Sources in the presidency said the looming rejig of the cabinet is due to widespread complaints of hunger by many Nigerians.
Top among the ministries that will be mainly affected in the cabinet reshuffle is the Ministry of Humanitarian Affairs and Poverty Alleviation.
Sources close revealed that the presidency might completely scrap the ministry.
The move, according to the impeccable insiders, is also to streamline government operations and eliminate underperforming ministries.
It was further learned that the cabinet reshuffle would go beyond portfolio swaps. Instead, some portfolios and ministries would be split, merged, or scrapped.
Those in the know opined that the planned reshuffling and scrapping is overdue and that the President would have announced the changes in the cabinet last week but for his trip out of the country.
They said Tinubu would also restructure some of the ministries for effectiveness and output owing to the alleged protest against bad governance and poverty in the country.
Other sources said President Tinubu aims to finalize changes before departing for the United Nations General Assembly.
They said that the development has ignited fear among the ministers as some who don’t have much closeness with the presidency are said to be loitering around Aso Rock to lobby their stay in their respective positions.
Upon his assumption of office, President Tinubu appointed 48 federal ministers and bagged a record as the President with the highest cabinet size since Nigeria returned to democracy in 1999.
Some analysts in the country had argued that the large cabinet size would drain the country’s already depleted purse.
In January, this year, one of the nine female ministers, Betta Edu, was suspended by Tinubu over N585million scandal.
While in suspension, Edu incurred the anger of Nigerians in July 2024, after she made a comeback with a condolence message to victims of the collapsed school building in Jos in her official capacity as the humanitarian affairs minister by using the official letterhead of the ministry.
Investors King reports that since then, nothing has been heard about her alleged fraud even as the presidency remains mute.

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Government

LG Election: Tension in Osun as APC, PDP Risk Disqualification for Substituting Candidates Unlawfully 

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All Progressive Congress (APC)
There is uneasy calm among major political parties in Osun State over the announcement by the Osun State Independent Electoral Commission (OSIEC) that the party leadership submitted names of candidates that are different from those who obtained forms to contest the February 22, 2025 Local Government Election in the state.
According to Barrister Hashim Abioye, the OSIEC Chairman, about seven political parties including the Peoples Democratic Party and major opposition All Progressives Congress face disqualification from the poll if they fail to correct the status of their candidates within 48 hours.
Abioye said the political parties contesting in the forthcoming local government election ran foul of the provisions and procedure regarding the substitution of candidates.
He said after the verification committee set up by the commission completed its assignment, it was discovered that some political parties had replaced the names of candidates with ones that were strange to the commission.
According to him, the Allied Peoples Movement (APM) and the Action Peoples Party (APP) are affected.
Speaking at a press conference held in Osogbo, Abioye stressed that the affected political parties committed an incurable infraction by giving nomination forms to candidates whose names were different from those with the commission.
He further revealed that virtually all the political parties contesting the elections had one case or another of the infractions, and that while some are remediable others are incurable.
According to the OSIEC boss, “The provision is not an innovation, it is as also contained in the Electoral Act, 2022, that is the provision we have now adopted. For this reason, some political parties, notably the All Progressives Congress (APC), the Allied Peoples Movement (APM), the Action Peoples Party (APP) ran foul of the provisions and procedure regarding substitution of candidates.
“While no substitution can be validly done without following the rules, any substitution or change of candidate done after the purported candidate intended to be a replacement for another must have been given and submitted nomination form despite his/her name not being on the list originally submitted to the Commission would be void.
“Let me note once again that virtually all the political parties contesting the elections had one case or another of the infractions which are remediable, but the political parties highlighted above committed the most of the infractions that are incurable by giving nomination form for candidates whose names were not on the list in some local government areas and wards. This we cannot help.”
Giving an instance of the infractions, Abioye stated, “Being a major political party, I will take that of the APC as an example. In Atakunmosa West Local Government, the Chairmanship and Vice-chairmanship candidates submitted by the party to the Commission were not the persons who filled nomination forms submitted to OSIEC.
“In the same vein, the respective vice-chairmanship candidates submitted by the APC for Ede South, Egbedore, Ife Central, Ifedayo, Isokan, Olorunda and Oriade Local Government Areas were completely different from the persons that filled and submitted nomination forms to the Commission. Candidates of the APC in several Wards across various local government areas were affected by this incurable anomaly.”
Meanwhile, the development has thrown the affected parties into panic as they struggle to meet the deadline.

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Government

Yahaya Bello Leaves EFCC Office Without Interrogation, Says Media Office

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Revenue system

The media office of the former governor of Kogi State, Yahaya Bello, has confirmed that the Economic and Financial Crimes Commission (EFCC) did not interrogate him when he visited the anti-graft agency’s office on Wednesday morning.

According to the media office, the EFCC informed Bello that he could leave without being interrogated. This occurred in the presence of Alhaji Usman Ododo, who accompanied the former governor to the commission’s office.

“The EFCC did not interrogate him, as officials told him he could leave,” Ohiare Michael, the director of Bello’s media office, said in a statement.

“We don’t know what this means yet. As we write, Alhaji Yahaya Bello has left the EFCC office. He was accompanied there by the Governor of Kogi State, His Excellency Alhaji Ahmed Usman Ododo.”

He further stated that this decision came after consultations with Bello’s family, legal team, and political allies.

He said, “Bello showed up at the EFCC office after consultations with his family, legal team, and political allies, saying he had nothing to hide or fear. His legal team has represented him in court throughout the ongoing case. The EFCC had earlier declared Bello wanted after a series of events.”

Recall that the media office of Yahaya Bello alleged that, on Wednesday night, operatives of the EFCC laid siege to the Kogi Government Lodge in Abuja in an attempt to forcefully arrest the former governor.

They also explained how his legal team had represented him in court throughout the ongoing case and how Bello had mustered the courage to honor the EFCC’s invitation to clear his name, stating he has nothing to hide or fear.

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