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How Dafinone, CBN’s Consultant standing trials allegedly instigated mass sack of NIRSAL’s workers

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Strong indications have emerged suggesting that one of the embattled “Cardoso girls” allegedly earning 35 million naira monthly and who also doubles as Board Member of Nigerian Incentive-based Risk Sharing System of Agricultural Lending (NIRSAL) Miss Daphne Dafinone outrightly countered the renewal of contracts staff pointing that the decision was to cut cost in NIRSAL.

 

Sources within the organization who pleaded anonymity lamented that “NIRSAL plc services may not be accessible to all farmers, particularly those in remote or hard-to-reach areas particularly now that it has cut down manpower in the State offices despite the fact that the sacked foot soldiers in the State offices are the ones who know where the farmers reside and have first hand information about all Anchor Borrowers Program (ABP) loan transactions. ”
“This will make the process of loan recovery cumbersome, deterring NIRSAL from recouping the intervention funds which will amount to waste of taxpayer money and deter farmers from participating in prospective intervention programs in the future. It will ultimately prevent NIRSAL from meeting the demands of Nigeria’s large and diverse agricultural sector.” She added.

Meanwhile the Managing Director Saad Hamidu in a leaked audio obtained by this medium assured contracts staff of renewal in 2025. This was after he resumed in September 2024.

Investigation suggested that NIRSAL most influential Board member Daphne Dafinone allegedly countered the Managing Director’s decision forcing the life saving decision to abort.

However, when Newsguide Online contacted NIRSAL’s Head of Corporate Communications Mr. Jude Nnadozie for balancing, he maintained that the contract staff were sacked because their contract had elapsed.

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New Telegraph reports say Mr Cardoso, in September 2024, appointed Miss Daphne Dafinone to the board of the Nigerian Incentive-based Risk Sharing System of Agricultural Lending (NIRSAL), a non-bank financial institution owned by the CBN and charged with redefining measuring, re-pricing and sharing agribusiness-related credit risks in Nigeria.

Despite her ongoing trial, Ms Dafinone is combining her role on NIRSAL board with her controversial consultancy at the CBN.
According to Premium Times Online report, the CBN has four deputy governors: Emem Usoro (Corporate Services Directorate), Muhammad Dattijo (Economic Policy Directorate), Philip Ikeazor (Financial System Stability Directorate), and Bala Bello (Operations Directorate). However, staff members now derisively refer to Ms Balonwu and Dafinone as the fifth and sixth deputy governors of the bank, saying the two have amassed so much power to be so called.

Directors said the consultants now write memos on CBN letterheads, issuing directives even when they are unknown to the bank’s structure and organogram.

“They said they are consultants, but they have permanent offices in the bank, and their consultancies have no end dates,” one director said. “I am tempted to say they are even more influential than the deputy governors. Their offices are on the eleventh floor, just like the governor’s. The deputy governors are on the tenth floor, below the so-called consultants. They even bypass deputy governors to give direct instructions to directors.”

Another bank insider corroborated the director’s claim, saying he once overheard one of the women boasting that “if she draws a line at the bank, even the governor dare not cross it”.

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“I can tell you the women are the real people running the CBN. Cardoso has become a mere figurehead,” a third director said.

*Consultant earning salary of 15 directors*

Staff members also accuse Mr Cardoso of paying the women obscene salaries. For instance, Ms Balonwu, they said, pockets N50 million naira monthly, earning more than the governor and the deputy governors. Her salary also dwarfs the combined pay of 15 directors, who earn below N3 million monthly.

On her part, Ms Dafinone earns N35 million monthly, said to be higher than the combined salaries of 10 directors.

Meanwhile, inside sources said NIRSAL is falling short of its intended purpose.
According to the source, “despite its mission to de-risk and facilitate flow of affordable finance into the agricultural industry, the organization has struggled with critical issues. This has ultimately hindered its progress. Recall that NIRSAL Plc’s former management teams have been embroiled in several corruption scandals. One notable case involved a multi-billion naira loan guaranteed by NIRSAL for three investor companies to cultivate and harvest wheat in Kano and Jigaya states. However, the loan was allegedly diverted by the companies in collusion with NIRSAL officials.”

Also speaking, another source pointed that “another instance of corruption involved the pioneer managing director, Aliyu Abdulhamed, who was linked to a case where a private consultant, Dr. Steve Ogidan, returned N1.5 billion to the Economic and Financial Crimes Commission (EFCC) to avoid conviction. The EFCC alleged that the funds were proceeds of unlawful activities, while Ogidan and Abdulhamed claimed they were legitimate earnings from consultancy services. These corruption allegations led to the Central Bank of Nigeria (CBN) sacking the top three executives of NIRSAL Plc; The Managing Director and Chief Executive Officer, Abbas Umar Masanawa, as well as two executive directors, Kennedy Nwaruh and Olatunde Akande.”

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He revealed that NIRSAL’s policy somersault, high staff turnover, staff maltreatment, witch hunt and victimization, litigation battles and others have adversely impacted its ability to deliver sustainable results. Some typical examples are the cases of Olalekan Olusanya, a former Head of Internal Audit and Olusola Omole, a former Head of the Technical Coordinating Unit, who were among employees unlawfully sacked by the pioneer Managing Director of NIRSAL, Mr Aliyu Abdulhameed, for speaking against mismanagement of public funds under his administration. Also, Noel Dilli, a field officer and Coordinator of Nasarawa State, who stood against maltreatment of contract staff particularly under the previous MDs, was relieved of his contract recently. Kesman Samson, Murtala Mohamud who were coordinators of Adamawa and Gombe state offices were disengaged while some others were transferred or had there contracts terminated. The pioneer MD and his successor are alleged to have control over some of the management staff who serve their interests in the organization. This raises concerns about the organization’s effectiveness and accountability.”

These challenges, according to inside sources will continue to result in food shortages and increases in food prices particularly for staple crops like rice, maize, and wheat. Malnutrition, particularly among vulnerable groups like children, pregnant women, and the elderly will equally take precedence as a result of these challenges.

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Stop misleading public —Zamfara APC Supporters Warns Jaji

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Supporters of the All Progressive Congress (APC) in Zamfara State have issued a stern warning to Aminu Sani Jaji, the member of parliament representing Kaura/Birnin Magaji Federal Constituency, accusing him of misleading the public and betraying the party’s values.

The group has called on Jaji to cease associating himself with the APC, claiming his actions are a deliberate attempt to undermine the party and its leadership.

In a statement released on Sunday, Muhammad kabir Birnin Magaji, chairman of the APC supporters’ group, lambasted Jaji for what he described as “anti-party activities” that led to his suspension from the APC.

“We have repeatedly warned him to stop linking himself with the party, as his actions and utterances do not reflect the values of the APC,” kabir said.

“His continuous attempts to associate with us are deceptive and unacceptable.”

The supporters dismissed Jaji’s criticisms of Matawalle as baseless, asserting that the lawmaker owes much of his political career to the influence of Matawalle and former Governor Abdulaziz Yari.

Kabir highlighted a specific point of contention: Jaji’s apparent frustration over the distribution of seven trucks of rice donated by President Bola Tinubu during Ramadan, which Matawalle oversaw.

“The minister launched the distribution, and genuine APC members witnessed it being shared peacefully across the state,” he said.

“Why is Jaji so pained about this? He is not the only lawmaker in the party from Zamfara—there are senators and other representatives ahead of him.”

The chairman went further, noting that Matawalle has personally funded the distribution of over 50 trucks of rice,
distributed sum of one billion naira to the party’s stakeholders,too
and 100 cows to APC supporters in Zamfara during this Sallah celebrations.

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“Why is Jaji concerned about this if he is not working for the Peoples Democratic Party (PDP)?” kabir questioned.

The APC supporters accused Jaji of aligning himself with PDP Governor Lawal Dare to destabilise the APC in Zamfara.

Kabir, said Jaji held meetings with PDP members during Ramadan, but there’s no evidence he distributed anything—not even to them,” kabir added.

Jaji’s conduct, the group argued, exposes him as a “two-faced and unprincipled figure” more interested in personal gain than party loyalty.

The group pointed to his ongoing antagonism towards Zamfara APC Chairman Tukur Danfulani and his alleged attempts to tarnish the reputations of Matawalle and Yari—two of the state’s most influential political heavyweights—as evidence of his disloyalty.“

It is absurd for Jaji to compare himself to Matawalle, whose leadership and political experience far surpass anything Jaji has achieved,” kabir said.

“His hypocrisy in parading himself as an APC member while secretly working with the opposition to sabotage us is disgraceful.”

The supporters urged Jaji to leave the APC and test his political relevance independently.

“Jaji’s politics is based on eye service. Whenever he comes to Abuja, he acts like a big man, but in Zamfara State, he is a nobody. If he thinks he is popular, he should join another party and test his popularity.

“The APC in Zamfara has no room for treachery and disloyalty—his charade must end now.

“If he truly believes he is significant, let him join another party and see if he can secure re-election without the support of Matawalle, Yari, and their loyal followers,” Kabir challenged.

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Eid-el-Fitr: Unity, Prayers Key to Security – Matawalle

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As Muslims in Nigeria and around the world celebrate Eid-el-Fitr, marking the end of the holy month of Ramadan, the Honourable Minister of State for Defence, Dr Bello Matawalle,
urged Nigerians to continue supporting and praying for the military, noting that the Federal Government has made significant strides in combating insurgency and insecurity since President Bola Ahmed Tinubu took office.

has praised the resilience and dedication of the country’s Armed Forces and security agencies.

In a statement issued by his Special Assistant on Media, Ahmed Dan-Wudil, Dr Matawalle commended the tireless efforts of security personnel in safeguarding the nation.

He urged Nigerians to continue supporting and praying for the military, noting that the Federal Government has made significant strides in combating insurgency and insecurity since President Bola Ahmed Tinubu took office.

While acknowledging that security challenges have not been entirely eradicated, the minister expressed confidence in the administration’s achievements, rating its performance in tackling insecurity at 9 out of 10. He assured Nigerians that, by the end of the year, the country would be “99 per cent free from insecurity, by God’s grace.”

“As we celebrate today, let us remember the families of our fallen heroes—those who have paid the supreme price in defending our sovereignty. Their sacrifices shall never be in vain,” he said. “We remain committed to ensuring the welfare of our troops and their loved ones, as well as strengthening our military capabilities to address security challenges effectively.”

Dr Matawalle reiterated the Federal Government’s unwavering commitment to national security, economic growth, and social development.

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He highlighted ongoing efforts to combat terrorism, insurgency, banditry, and other criminal activities through enhanced military operations, strategic partnerships, and intelligence-driven approaches.

However, he stressed that security is not the sole responsibility of the government and security forces, but a collective duty of all citizens.

He urged community leaders, religious scholars, and traditional rulers to work closely with security agencies by providing timely information and fostering peace.

“Eid-el-Fitr is a time of love, kindness, and reconciliation,” he said. “Let us use this period to strengthen the bonds of brotherhood, forgive one another, and embrace the spirit of tolerance and understanding.”

The minister also called on Nigerians to extend a helping hand to the less privileged, including orphans and widows, emphasising that the true essence of Eid lies in sharing and caring for others.

“As we mark this special day, I pray that Almighty Allah accepts our fasting, prayers, and good deeds. May He grant us peace, prosperity, and continued progress as a nation. May He protect our gallant Armed Forces, bless their efforts, and reward them abundantly for their sacrifices.

“Eid Mubarak to you all! May this celebration bring renewed hope, joy, and divine blessings to our homes and communities.”

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I nearly quit 2023 presidential race, says Tinubu

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President Bola Tinubu said he nearly quit the 2023 presidential race.

The President said this at a special Iftar held in his honour at the Presidential Villa on Saturday night,

President Tinubu thanked guests for their presence, prayers, and contributions to the nation’s development, and appreciated Nigerians for their outpouring of goodwill and prayers as he marked his 73rd birthday.

Reflecting on his political journey, President Tinubu recounted a moment of doubt during the 2023 election campaign when he contemplated withdrawing from the race after an encounter with a close relative.

“Those close to me know that the odds were against me. During the campaigns, one of them came to my living room around 3:30 a.m. and said he needed just N50,000 to buy foodstuff for our uncle.

“He told me, ‘The currency is gone because of you. People are jumping over bank counters because there is no cash. Our uncle, a wealthy man, doesn’t even have N10,000 in cash. What are you running for?

“I told him, ‘I am running for President, not for you and our uncle.’ I gave him the N50,000. As he walked out, he turned to me and said, ‘I don’t think you will make it.’ I replied, ‘I will make it,’” said Tinubu.

The President stated that his uncle later called to confirm receiving the money but admitted that he had only given the messenger N10,000, keeping the rest.

“I was amazed. At that moment, I almost dropped the idea of running for President. But thanks to Aminu Masari and all of you who encouraged me.

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“When I came to Abuja, Masari told me, ‘I am the Chairman of the North West Group; don’t look back’,” he said.

President Tinubu noted that he assumed office during a time of economic uncertainty and had to make immediate, difficult decisions, including removing the fuel subsidy.

“On the day of my inauguration, I had to decide on something not originally in my speech, and that was the fuel subsidy removal,” he said.

Noting that Nigeria had reached a point of no return on the issue, the President said: “The hallmark of a great leader is the ability to make the right decision at the right time.

“That was the day I declared that the subsidy was gone. The following day, I was hounded and thoroughly abused in the media. But I stood firm, knowing it was the right thing to do for our nation’s future.”

Vice President Kashim Shettima lauded the President’s sacrifices, stating that history will remember him as the leader who took on the nation’s most complex challenges.

“Thanks to his boldness, future presidents of Nigeria will not have to wrestle with the same ghosts that haunted past administrations, including fraud-ridden fuel subsidies, an unstable forex market, and the suppression of local government autonomy.

“These were the thorny issues that many before him sidestepped. But Asiwaju did not sidestep history; he came to rewrite it.

“And in rewriting it, Asiwaju has taken the bullets that many before him simply lacked the courage to face.

“But that is the thing about true leadership: it is not for those who seek comfort. It is for those who understand that the path to national greatness is lined with difficult choices,” he said.

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Sen. Godswill Akpabio, President of the Senate, praised the President’s ability to forgive and his relentless passion for national development.

Akpabio described the President as a leader who thinks outside the box and as the ‘most audacious president’ in the country’s history.

He said under Tinubu’s watch, governors were getting more allocation.

“If I were a governor under your administration, I would have been a ‘supernatural governor’ and not an uncommon governor,” he said.

Mr Benjamin Kalu, Deputy Speaker of the House of Representatives, described President Tinubu as a leader who has broken barriers and uplifted future Nigerian politicians.

He noted that the President had taken a backseat to raising leaders for decades.

“Today, he is at the forefront because Nigeria needs him. In 2019, despite not being from his region, he supported me in my most difficult political moment.

“Nigeria needs leaders who rise above tribal considerations, and he has demonstrated that,” he said.

Gov. Hope Uzodinma of Imo State commended the President’s decisive leadership at a time when Nigeria needed stability.

“Only a leader with deep conviction and love for the country could have taken the bold and yet necessary decisions that averted national collapse and now restoring hope and confidence across the federation,” he said.

Dr. Bosun Tijjani, Minister of Communications, Innovation, and Digital Economy, shared his personal experience of being appointed by President Tinubu despite his past activism.

“Before my appointment, I had never met the President. But after my confirmation, he told me, ‘I have looked at your records and activism, and I am giving you an opportunity to serve,’” he said.

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The minister recounted a recent meeting at the World Bank, where a senior official described Tinubu as the best reformist leader in Africa today.

Prof. Shaffideen Amuwo, a childhood friend of the President, reminisced about their early years and how divine providence led Tinubu to the presidency.

“Our relationship did not just start in Chicago; we played soccer together as children.

“While I chose the library, my brother chose politics because he loved to speak. Today, Allah has shown His greatness by guiding him to lead Nigeria.

“The city of Chicago, founded by a Black man, has educated the man who now leads the most populous Black nation on earth.

“I pray that Allah continues to hold his hand and guide him as he works to save our country,” he said. (NAN)

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