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Group unravels CBN, Discos’ secret plots to collapse Nigeria’s economy

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5 years ago

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GODWIN EMEFIELE, CBN Governor

The federal government has been intimated of alleged plots by the Central Bank of Nigeria, (CBN) and Electricity Distribution Companies, (Discos) to collapse the nation’s economy through an ongoing secret moves to cancel Eligible Customer, (EC) scheme.

The plot by the cartel if not quickly arrested will not only cause injuries on manufacturing industries but it will also lead to the total collapse of the economy, thereby causing unemployment because more industries will soon wind-down operations.

VP Yemi Osinbajo Is Dedicated And Reliable -Buhari

The Coalitions of Arewa Assembly in a statement issued in Kaduna, on Sunday by its National Coordinator, Mallam Attahiru Usman, disclosed that the move by the CBN and some Discos cartels is a deliberate attempt to collapse the economy stressing that more industries may soon go out of business operations.

Usman said, “CBN’s mandate is to regulate Nigerian banking activities and money markets but has no business in the regulation of the power sector.”

The group also urged the 36 state governors under the auspices of the Nigeria’s Governors’ Forum to rally round its members in a bid to arrest jobs carnage and Internally Generated Revenue, (IGR) deficit stressing that many industries have collapsed in Kano, Kaduna, Zamfara, Lagos, Ogun and other states of the federation while many others are operating below capacities.

According to the statement, “As part of efforts towards actualizing their aims of increasing Electricity Tariffs, the said cartel plotted coup d’état which ensured that Mr. Raji Fashola SAN was not returned as Minister for Power for a second term tenure while the former Managing Director of Transmission Company of Nigeria, (TCN)was also relieved of his appointment.

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“Unfortunately, it is crystal clear at this point to note that the purpose of privatization has not been achieved. Discos have found their ways to lobby the CBN Governor, Mr. Godwin Emefiele, to cause policy summersault by mis-regulating the system, increasing electricity tariff as well as planned to cancel Eligible Customers which is the only avenue for the Electricity Generation Companies to sell close to 3000 stranded powers that Discos was not able to evacuate.

“Cancellation of Eligible Customers which has been a huge relief to Genco and TCN as well as manufacturers that are buying bulk powers, will wreck serious havoc on business activities nationwide with negative ‘bush fire’ effects on all facets of the nation’s economy.”

The statement further stressed that, “The privatization act has set limitations for all Discos while the act of Electricity Generation Companies and TCN gave rooms for the Eligible Customers. This alert is in the collective interest of Nigerians. At the moment, transformers are being purchased by members of communities and associations for the comfort of their households while Discos take advantage of this and claim returns on such efforts put in place by innocent residents in their budget.

Despite the proclamation by the national assembly, Discos are yet to invest on purchase of meters. It will gladden our hearts if Discos can do an hour documentary to be aired on National Television stations on their achievements to Nigerian masses since the privatization was done
as well as give adequate account of the fund released to them by the federal government through the Central Bank of Nigeria, (CBN).

The group however appealed President Muhammadu Buhari and his economic team to urgently wade-into the matter even as it called on the leadership of the national assembly led by the Senate President, Dr. Ahmad Lawan to adopt legislative processes to unravel the plot.

“Please save our country from ‘cartels’ who inherited our national assets without any relief to the masses, we cannot afford to see our residents in blackout and industries collapsing on high power tariff cost while our members are losing their jobs. Nigerian youths are suffering, more graduates are being produced and there are no vacancies to accommodate them. If the CBN and Discos did not desist from the plots, we shall have no choice than to storm the national assembly and the CBN headquarters to demonstrate and stage protests on major roads.

“Before embarking on any policy of this kind, we implore the leadership of National Assembly to prevail on the Minister for Power to organize a public debate wherein, stakeholders, interest groups, associations as well as representatives of Non-Non-governmental Organizations, (NGOs) would be involved in order to submit their positions before hand”, Usman added.

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Dangote Spotlights Refinery, Vision 2030, Others, At Nasarawa Trade Fair

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2 hours ago

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April 16, 2026

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Regional Director/Senior Adviser to Aliko Dangote, Fatima Wali-Abdurrahman.

 

Africa’s leading conglomerate will feature its flagship Dangote Refinery and Petrochemical Company at the 2026 Nasarawa Trade Fair, which will be officially declared open by the State Governor, Abdullahi Sule, on April 20.

Dangote Industries Limited will also showcase its Vision 2030, which focuses on driving innovation and Africa’s industrialization.

The Dangote Group is the major sponsor of the Nasarawa Trade Fair and Exhibition (NASTFE) with the theme: Unlocking Industrial Synergy: Deepening the Value Chain and Driving Inclusive Growth in Nasarawa State.

A statement from the company’s spokesman, Anthony Chiejina, said other Strategic Business Units of the company will be participating at the annual event in the state capital, Lafia.

Anthony Chiejina stated that products to be featured at the Fair will include those from the Group’s Strategic Business Units, such as Dangote Cement, Dangote Sugar, Dangote Salt and seasonings, Dangote SinoTruk, Dangote Packaging, and Dangote Fertiliser.

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The statement quoted the Regional Director/Senior Adviser to Dangote Group President, Fatima Wali Abdurrahman, as saying that Nasarawa State is key to the Group’s overall investment in Africa.

“It is home to Dangote’s Nasarawa Sugar Company Limited (NSCL). The sugar project, when completed, will be one of the biggest sugar investments in Africa,” she said.

Mrs. Wali-Abdurrahman noted that the Trade Fair provides a valuable platform for the company to engage with key stakeholders and Nigerians interested in exploring business opportunities with the organization.

She stated that a dedicated Help Desk will handle inquiries, enabling the company to effectively engage participants on the Dangote Group’s Strategic Business Units.

Speaking to newsmen in Lafia, Chairman and Council members of the Nigeria Association of Small-Scale Industrialists (NASSI), Nasarawa State Chapter, Nidan Sambo Manasseh, said the theme for this year’s Trade Fair aptly aligns with Dangote Group’s vision.

“We align strongly with the vision of Aliko Dangote, whose leadership continues to shape Nigeria’s economic future. His focus on industrialization, local production, and value creation inspires our efforts to connect MSMEs to structured value chains.

“Through this partnership, we are building a bridge between grassroots businesses and large industries, driving inclusive growth,” he said.

He said the third edition of NASTFE is designed as a practical business, industrial, and human capital development platform, adding that it is not just an exhibition.

According to him: “A major highlight of this year’s programme is the Empowerment Skill Acquisition Programme (ESAP), now structured as a package project for sponsorship support.

“ESAP is a yearly initiative from July-December targeting 2,000 beneficiaries across the 13 Local Government Areas of the State.

“The programme is strategically designed as a mobile training system, moving from one Local Government to another to ensure inclusive grassroots participation.”

Speaking on the Dangote Group’s Vision 2030, he said: “Our strategy is to align local enterprise development with large-scale industrial systems.”

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Al-Istiqama University Secures Full Accreditation for 11 Academic Programmes

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2 hours ago

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April 16, 2026

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The Management of Al-Istiqama University, Sumaila, Kano State, is pleased to announce that the National Universities Commission (NUC) has granted Full Accreditation status to a total of eleven (11) academic programmes following the comprehensive accreditation exercise conducted in November and December 2025.

According to the official report released by the NUC, the programmes were assessed based on the Core Curriculum and Minimum Academic Standards (CCMAS), with emphasis on curriculum content, quality of academic staff, physical facilities, library resources, and employers’ rating.

The programmes granted Full Accreditation are:

Faculty of Health Sciences:
• Community Health Science
• Nursing Science
• Public Health

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Faculty of Arts, Social and Management Sciences:
• Shari’ah
• Criminology and Security Studies
• International Relations
• Sociology

Faculty of Science and Computing:
• Biology
• Biotechnology
• Computer Science
• Software Engineering

This achievement affirms the University’s unwavering commitment to delivering quality education and reflects the dedication and professionalism of its academic and administrative staff in building a centre of excellence. With this development, all accredited programmes have secured full recognition for a period of five (5) years.

The Management expresses its profound appreciation to the Founder, Senator Sulaiman Abdurrahman Kawu Sumaila, OFR, Ph.D., the Governing Council, Faculty Members, Heads of Departments, staff, and students for their collective efforts and commitment, which made this milestone possible.

Al-Istiqama University remains resolute in sustaining and further enhancing the high standards that have earned it this prestigious recognition.

Signed:
Professor Abdulhadi Sale Kumurya
Vice-Chancellor
Al-Istiqama University, Sumaila, Kano State

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Legacy of a Progressive Intellectual: Symposium and Book Launch to Honor Late Comrade Abubakar Sokoto Mohammed mni in Abuja

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5 hours ago

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April 16, 2026

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A coalition of friends, colleagues, and comrades will gather on April 29, 2026, to celebrate the life and enduring legacy of the late Comrade Abubakar Sokoto Mohammed mni, a titan of Nigerian progressive intellectualism and social justice.

Comrade Mohammed, who passed away on December 11, 2025, was widely regarded as an incorrigible patriot and a cornerstone of the socialist movement in Nigeria. Throughout a distinguished career spanning Ahmadu Bello University (ABU), the National Institute for Policy and Strategic Studies (NIPSS), and Usmanu Danfodiyo University, Sokoto (UDUS), he remained a steadfast advocate for academic freedom, gender equality, and the transformation of Africa.

The memorial event aims to honor his decades of struggle—from his pivotal role in the Movement for Progressive Nigeria (MPN) and the anti-apartheid movement to his contributions as a founding member of Women in Nigeria (WIN) and a staunch leader within the Academic Staff Union of Universities (ASUU).

Event Highlights:

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• Symposium: Under the theme “Scholars and the Social Question in Nigeria: Reflections on the Life of A.S. Mohammed,” the session will be chaired by Senator Dr. Yahaya Abdullahi. Distinguished panelists include Dr. Yusuf Bangura, Prof. Jibrin Ibrahim, Prof. Aliyah Adamu Ahmad, and Dr. Julie Sanda.
• Book Launch: The event will feature the formal presentation of Comrade Mohammed’s major original work, The Satiru Revolt of Peasants and Slaves in Sokoto, 1906. The session will be chaired by the former Governor of Sokoto State, H.E. Mal. Yahaya Abdulkarim mni, with a review by Prof. M. J. Kuna.
• Endowment Fund: All proceeds from the book launch will benefit an Endowment Fund established to support the late Comrade’s family and the noble causes he championed.
• Biographical Tribute: Dr. J. Maina will present a biographical sketch detailing the life of the man many knew as a “crusader for the common good.”

Event Details:

• DATE: April 29, 2026
• TIME: 9:00 AM
• VENUE: BON Elvis Hotel, 2 Monrovia Street, Wuse 2, Abuja

Comrade Sokoto mni lived a life that inspires, leaving a legacy worthy of preservation. By documenting his struggles and advancing the discourse on justice and development, we ensure that his rich engagements continue to inspire the hope of making Nigeria a better country.

Members of the general public, the academic community, civil society, labour and the media are cordially invited to attend this day of reflection and celebration. The occasion offers an opportunity to reflect on a life devoted to justice and nation-building while contributing to a lasting legacy that will continue to inspire future generations.

Y. Z. Ya’u

 

For the Committee

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