December 8, 2025

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Former Presidential Candidate Files £990 Trillion Lawsuit Against CBN for Rights Breach

Former Presidential Candidate Files £990 Trillion Lawsuit Against CBN for Rights Breach

In a jaw-dropping turn of events, Tunde Omosebi, a former presidential aspirant under the All Progressives Congress (APC) in the 2023 elections, is suing the Central Bank of Nigeria (CBN) and others for a mind-blowing £990 trillion. Omosebi is claiming the damages for alleged violations of his fundamental rights, and his legal filing has social media buzzing.

The lawsuit, currently before Justice James Omotosho at the Federal High Court in Abuja, is packed with some big requests. Omosebi wants the court to order the transformation of the CBN into a Reserve Bank of Nigeria (RBN). He’s also calling for commercial banks involved in alleged financial misconduct to be renamed “DRIG BANK” under the Corporate Affairs Commission.

But that’s not all. Omosebi is seeking an additional £99 trillion in exemplary damages and demanding 10% interest on the total payout. Oh, and let’s not forget the ₦5 million he’s asking for as the cost of filing the suit.

Why the Suit Was Filed

Omosebi claims his rights were trampled on when several of his personal and corporate bank accounts were frozen without cause. According to him, this financial blockade has dragged on for over seven months, leaving him unable to access funds he allegedly entrusted to the defendants. He even accuses one of the banks of failing to deposit $50 million into his account as promised back in 2022.

In his affidavit, Omosebi paints himself as a businessman and politician with titles that aren’t officially recognized in Nigeria—like “Chairman of the Federation Executive Council” and “Prime Minister of the Federal Republic of Nigeria.” While these claims are unconventional, he insists they are tied to his business dealings and investment roles.

What He Wants

Aside from financial compensation, Omosebi is asking the court to address what he describes as emotional and financial trauma. He argues that the defendants breached multiple constitutional provisions, including the Fundamental Rights (Enforcement Procedure) Rules, as well as industrial agreements made during assemblies of business owners and the Federal Executive Council.

He alleges the banks involved mismanaged over £500 billion entrusted to them and accuses the CBN of presenting false statements that damaged his credibility. To top it off, he claims his intellectual property was infringed upon, and his accounts were unjustly blocked.

The Bigger Picture

This legal saga isn’t Omosebi’s first headline-grabbing moment. Just last year, he was evicted from his Abuja home after a four-year rent dispute. The landlord, who chose to stay anonymous, said Omosebi failed to pay rent and ignored court hearings, leading to his removal from the property.

What’s Next?

Justice Omotosho has set February 5 for the hearing, so it’s only a matter of time before we find out how this drama unfolds. Whether you view Omosebi as a bold crusader for justice or a controversial figure, one thing’s for sure—this case is one for the books.

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