Cardoso: CBN Silent Amid Allegations Of N10bn Bulletproof Cars Purchase

Published

2 years ago

September 1, 2024

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Cardoso: CBN Silent Amid Allegations Of N10bn Bulletproof Cars Purchase—-The Central Bank of Nigeria (CBN) has remained silent following allegations that its Governor, Olayemi Cardoso, along with four Deputy Governors, purchased six armored luxury vehicles valued at N10 billion.

The news, which surfaced two days ago, has sparked criticism due to the ongoing economic challenges faced by many Nigerians.

The report, originally published by the Daily Nigerian on August 30, 2024, alleged that Governor Cardoso and his deputies acquired six armored Lexus LX 600 2023 models.

This purchase has raised eyebrows, especially since the officials already have SUVs as part of their convoys. Furthermore, there are allegations that these senior officials have significantly increased their housing allowances, reportedly surpassing N1 billion.

Despite the growing public concern, the CBN’s spokesperson, Sidi Hakama, has not addressed the accusations.

The bank’s official communication channels, including its X handle and website, have also remained silent on the matter.

These developments come nearly a year after Governor Cardoso’s appointment by President Bola Ahmed Tinubu on September 15, 2023.

Since assuming office, Cardoso’s administration has seen the Monetary Policy Committee implement stricter measures, including raising the interest rate to 26.75 percent in July 2024.

While Nigeria’s inflation rate showed a slight decline to 33.40 percent in July 2024 from 34.19 percent in June 2023, the prices of goods remain high. Meanwhile, the exchange rate of the Naira to the U.S. Dollar stood between N1598.56 and N1645 in the official and parallel markets, respectively, as of Friday.

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Sports

BREAKING: Saka Fires Arsenal Into First Champions League Final in 20 Years

Published

23 hours ago

May 5, 2026

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BREAKING: Saka Fires Arsenal Into First Champions League Final in 20 Years—-TCN reports that Arsenal have qualified for the 2026 UEFA Champions League final after a narrow victory over Atlético Madrid, with Bukayo Saka scoring the decisive goal.

Saka’s strike proved to be the difference as Arsenal secured a 1-0 win in the second leg, progressing 2-1 on aggregate following a 1-1 draw in Spain.

The result sees the North London club reach the Champions League final for the first time in two decades, marking a significant milestone in their European journey.

Arsenal will now face either defending champions Paris Saint-Germain or German giants Bayern Munich in the final scheduled for May 30.

This will be only the second Champions League final appearance in Arsenal’s history. Their first came in 2006, when they were narrowly defeated by FC Barcelona.

The Gunners will now be aiming to go one step further and claim their first-ever Champions League title.

Developing story…

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Entertainment

BREAKING: From Words to Ring: Lizzy Anjorin Accepts Iyabo Ojo Boxing Challenge

Published

2 days ago

May 4, 2026

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BREAKING: From Words to Ring: Lizzy Anjorin Accepts Iyabo Ojo Boxing Challenge—–Nollywood stars Iyabo Ojo and Lizzy anjorin set for potential showdown as rivalry takes new turn

Actress Lizzy Anjorin has accepted the boxing ring challenge issued by her colleague Iyabo Ojo, adding a new turn to their long running public dispute.

The development began after Iyabo Ojo shared a video of herself training and challenged Lizzy Anjorin to a boxing match. She also called on businessman Emeka Okonkwo, known as E-Money and music executive Soso Soberekon to sponsor the proposed fight.

Lizzy Anjorin responded by accepting the challenge and criticised Iyabo Ojo in her post, questioning public support and describing her as a certified failed actress with zero achievements.

She also asked Iyabo to set a date for the fight and insisted she was ready.

“ABEG MK WE START BETTING NOW
TEAM LAWAL OR TEAM SISI MAMA ???

“PAULO SIS MAMA AMBASSADOR BABY OIL I CHALLENGE YOU AND IYABO OJO SEPETERI THE CERTIFIED FAILED ACTRESS WITH ZERO ACHIEVEMENTS TO PICK A DATE FOR THE FIGHT
NA THAT RING FIGHT FIT GIVE ME THE REAL JUSTICE WEY I DEY LOOK FOR
NA WHY I NO DRAG U GO COURT THAT TIME
BUT I’M READY ANYWAY NOW
DOCTOR KAN
AMBULANCE KAN
POSI MEJI,” she said.

In another post, Lizzy Anjorin also reacted to Iyabo Ojo’s partner Paulo Okoye, over his suggestion that their disagreement should be settled in a boxing ring. She challenged him to a 10 round fight with her husband before any match involving her and Iyabo Ojo.

The latest exchange adds to a long running dispute between both actresses, which has played out publicly on social media over the years, with repeated back and forth comments and accusations.

At different points in the conflict, Iyabo Ojo had shared a video mocking Lizzy Anjorin, which escalated tensions between both sides. Lizzy later made allegations against Iyabo, leading to further public exchanges and legal threats.

Iyabo Ojo had demanded a public apology and threatened legal action over alleged defamatory statements, including a compensation claim.

In 2024, a Lagos court dismissed a 1 billion naira defamation suit filed by Iyabo Ojo against Lizzy Anjorin, marking a legal setback in one of their cases. The public disagreement between both actresses has however continued to resurface through online exchanges.

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