DID CBN PRESSURE UBA TO PAY ILLEGAL OSUN COUNCIL CHAIRMEN?
● AS UBA ALLEGEDLY PRESSURES EDITORS TO KILL OSUN LG FUND DIVERSION STORY Nigerian newsrooms witnessed a tough fire fight last night as the United Bank for Africa (UBA) allegedly mounted severe pressure on several news organisations to stop the publication of an anti- corruption story in which the bank was involved. The Osun State Assembly had raised alarm over illegal payments of almost 50 billion naira to illegal council chairmen in Osun state in contravention of LG law regulating Local government finances. The UBA was fingered in the violation of the law and under the table payments to APC politicians whose self-awarded tenure lapsed in October 2025. While the story was already published in several news mediums, the UBA operatives stormed the newsrooms and in the process allegedly made a shocking confession. Impeccable sources said agents of the bank alleged that they cooperated with the APC chairmen because the CBN allegedly threatened to withdraw its operating licence....