Confirmed! Emefiele bows to old note pressures, obtains extension approval till February 10

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The Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele has bowed to pressure as he took avalanche of complaints to his principal, the Nigeria’s president, General Muhammadu Buhari, retired at his residence on Sunday in Daura, Katsina State to obtain approval for extension for swapping of old Naira notes, reports ITREALMS.

Speaking after a closed-door meeting with Buhari, ITREALMS gathered from close sources to CBN that Emefiele revealed the new deadline is now February 10, 2023.

President Zuma resigns, bows to party supremacy

ITREALMS:

President Jacob Zuma of South Africa has resigned his office with immediate effect, thus bowing to his party supremacy, reports ITRealms.

Zuma in a broadcast Wednesday to his country-men and women, monitored in Lagos by ITRealms on CNN, resigned after chronicling his acclaimed achievements in building the African National Congress (ANC) and South Africa.

ITRealms recalls that Mr. Zuma has been on a running battle with the party over alleged high-level corruption, but was given until Wednesday or face vote of no confidence in the parliament on Thursday, of which his party was warming up to lead and which may culminate in his impeachment according to the constitution of South Africa.

Zuma, 75-year-old will by this development hand over to his deputy president Cyril Ramaphosa, the newly elected ANC’s leader.


Former President Zuma came to power in 2009 after unseating Thabo Mbeki, and had been confronted with several allegations of corruption in recent times.

Nonye Dom/GEE

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EFCC bows to #BoyCottGTBankOverInnoson pressure, releases Chukwuma

ITREALMS:

The chairman of Innoson Motors Group, Dr. Innocent Chukwuma has been released by the Economic and Financial Crimes Commission (EFCC) on Wednesday evening, reports ITRealms.

His release, ITRealms gathered was not unconnected to the condemnation that followed his abduction from Enugu, Tuesday morning.

ITRealms also gathered that concern Nigerians have commenced social media campaign on Twitter with a #BoyCottGTBankOverInnoson hashtag barely 24 hours.

Dr. Chukwuma was released on bail, according to report by the Channels TV.

His abduction by EFCC, ITRealms equally gathered was attributed to commercial transaction involving Guaranty Trust Bank (GTBank) Plc which went awary and culminated in GTBank being indebted to the business mogul to over N10 billion.

Equally, ITRealms gathered his release was linked to alleged "pressure" on EFCC and GTBank brought about by the unprecedented social media across various platforms including Twitter, Facebook, LinkedIn, WhatsApp and Telegram, among others.

In addition, the Federal Government may have become uncomfortable with the increasing bad blood and image the commando abduction of Chukwuma has been causing nationwide.

However, EFCC in a Tweet on its handle a few hours ago, insisted on why Dr. Chukwuma was taken in for question, alleging "Chukwuma & his brother, Charles (who is at large) are being investigated by EFCC's Capital Market & Insurance Fraud Section for N1,478,366,859.66 fraud. He allegedly forged documents to secure tax waivers."

Chuks Egbune/ED, Ops

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