SETTING THE RECORDS STRAIGHT ON CITIZEN ASAR MICHAEL SESUGH'S DEATH. (PHOTO).#PRESS RELEASE.

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 Setting the Records Straight on  Citizen Asar Michael Sesugh's  Death The Economic and Financial Crimes Commission,  EFCC,  considered it imperative to clear the air on some recent incidents at its Makurdi Zonal Directorate,  Benue State.   Operatives of the Directorate arrested 26 suspected cyber fraudsters on April 28,  2026.  They were profiled and kept in custody for further investigations after obtaining a Remand Order at a Magistrate Court.  Shortly after their arrest,  specifically on May 4,  2026,  three of the suspects sought permission to use the lavatory at the Directorate's  Holding Facility and were permitted.   They cashed in on the opportunity,  broke the toilet's roof and escaped from detention.  Several efforts were made to re- arrest them to no avail. However,  fresh intelligence came on Thursday,  May 21,  2026 that one of the escaped suspects,   As...
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CBN CUTS INTEREST RATE TO 26.5%, FOREIGN RESERVES HIT 13-YEAR HIGH. (PHOTO).

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 CBN Cuts Interest Rate to 26.5%, Foreign Reserves Hit 13-Year High


Nigeria’s Central Bank started 2026 with a careful step, cutting the key interest rate to 26.5 percent while keeping other measures like the Cash Reserve Ratio and liquidity steady - a sign of cautious steering of the financial system.


Governor Olayemi Cardoso pointed to falling inflation, stronger banks, and foreign reserves hitting a 13-year high of 50 billion dollars, giving the economy a solid boost.


But the CBN warned that pre-election spending could undo progress if not checked.

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