Headlines
Federal Reserve Boss, Lisa Cook, Dares Trump over Sack
President Donald Trump, on Monday, removed Dr. Lisa D. Cook from her position on the Board of Governors of the United States Federal Reserve, citing alleged false statements on mortgage documents and loss of public trust.
Cooks was appointed by then-President Joe Biden in 2022. She is the first African American woman to serve in the role.
In a formal letter dated August 25, 2025, Trump invoked his authority under Article II of the U.S. Constitution and the Federal Reserve Act of 1913, declaring Cook’s removal “effective immediately.”
According to the letter, the decision followed a criminal referral submitted on August 15, 2025, by William J. Pulte, Director of the Federal Housing Finance Agency, to U.S. Attorney General Pamela Bondi.
The referral alleged that Cook signed conflicting mortgage agreements—one in Michigan and another in Georgia—each claiming to be for her primary residence within overlapping timeframes.
Trump argued that the alleged actions demonstrated gross negligence in financial transactions and undermined Cook’s integrity and competence as a financial regulator.
The statement read: “Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately.
“The Federal Reserve Act provides that you may be removed, at my discretion, for cause. See 12 U.S.C. § 242. I have determined that there is sufficient cause to remove you from your position.
“As set forth in the Criminal Referral dated August 15, 2025, from Mr. William J. Pulte, Director of the Federal Housing Finance Agency, to Ms. Pamela Bondi, Attorney General of the United States (“Criminal Referral”) (attached to this letter as Exhibit A), there is sufficient reason to believe you may have made false statements on one or more mortgage agreements.
“For example, as detailed in the Criminal Referral, you signed one document attesting that a property in Michigan would be your primary residence for the next year. Two weeks later, you signed another document for a property in Georgia stating that it would be your primary residence for the next year. It is inconceivable that you were not aware of your first commitment when making the second. It is impossible that you intended to honor both.”
“The executive power of the United States is vested in me as President and, as President, I have a solemn duty to ensure that the laws of the United States are faithfully executed. I have determined that faithfully executing the law requires your immediate removal from office,” the statement added.
But Cook insisted the president lacked the authority to dismiss her and vowed not to resign, setting the stage for what could become a landmark legal battle over presidential power and the Federal Reserve’s independence.
“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook said. “I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022.”
Former US Vice President Kamala Harris said in a British television interview previewed Saturday that she may “possibly” run again to be president.
Harris, who replaced Joe Biden as the 2024 Democratic presidential candidate but lost to Donald Trump, told the BBC that she had not yet decided whether to make another White House bid.
But the 61-year-old insisted she was “not done” in American politics and that her young grandnieces would see a female president in the Oval Office “in their lifetime, for sure”.
“I have lived my entire career a life of service, and it’s in my bones, and there are many ways to serve,” Harris told the British broadcaster in an interview set to air in full on Sunday.
“I’ve not decided yet what I will do in the future, beyond what I am doing right now.”
The comments are the strongest hint yet that Harris could attempt to be the Democratic Party nominee for the 2028 election.
The interview follows the release of her memoir last month in which she argued it had been “recklessness” to let Biden run for a second term as president.
She also accused his White House team of failing to support her while she was his deputy, and at times of actively hindering her.
President Bola Ahmed Tinubu has made changes in the hierarchy of the Service Chiefs in furtherance of the efforts of the federal government of Nigeria to strengthen the national security architecture.
The President appointed General Olufemi Oluyede to replace General Christopher Musa as the new Chief of Defence Staff.
The new Chief of Army Staff is Major-General W. Shaibu. Air Vice Marshall S.K Aneke is Chief of Air Staff while Rear Admiral I. Abbas is the new Chief of Naval Staff. Chief of Defence Intelligence Major-General E.A.P Undiendeye retains his position.
The President expressed appreciation to the outgoing Chief of Defence Staff, General Christopher Musa and the other Service Chiefs for their patriotic service, and dedicated leadership.
The President charges the newly appointed Service Chiefs to justify the confidence reposed in them to further enhance the professionalism, vigilance and comradeship that define the Armed Forces of Nigeria.
All appointments take immediate effect, Special Adviser to the President
Media and Public Communication, Mr Sunday Dare, said in a statement in Abuja.
The Federal High Court in Abuja has adjourned the trial of the detained leader of the Indigenous People of Biafra, Nnamdi Kanu, till Monday, October 27, to enable him to open his defence in the terrorism charges filed against him.
Justice James Omotosho fixed the new date on Friday, after Kanu informed the court that his former legal team, led by former Attorney General of the Federation and Minister of Justice, Chief Kanu Agabi (SAN), had yet to release his case file to him.
At the resumed hearing, Adegboyega Awomolo (SAN) appeared for the Federal Government and reminded the court that the matter was fixed for Kanu to begin his defence as earlier directed.
However, no counsel represented Kanu.
He pleaded for an adjournment to allow him to retrieve and study the file to prepare adequately for his defence.
He said, “My lord, my counsel left the case yesterday, and I have not received the file from them.”
He also informed the court of his intention to call 23 witnesses, both local and foreign, and requested an order directing the Department of State Services to allow his foreign witnesses access to him.
Additionally, he sought permission for his lawyers to visit him on non-working days — a request Omotosho granted.
Counsel to the Federal Government, Awomolo, however, described Kanu’s complaint as “strange”, noting that the defendant had spent hours in court with his former lawyers. He further urged the court to strictly enforce its earlier directive giving Kanu six days to open and close his defence.
The prosecution said, “I’m aware that there is a standing order for the defendant to defend himself within six days. The defendant wasted yesterday. This is the second day, my lord. I urge your lordship to keep to the standing order of the number of days given to the defendant,” Awomolo said.
In his ruling, Omotosho said while Kanu’s claim about the withheld case file was “strange and difficult to believe”, he would still grant a short adjournment in the interest of justice.
The judge cautioned against unnecessary delays, stressing that several other cases had been affected by the protracted proceedings.
The matter was subsequently adjourned to Monday, October 27, for Kanu to open his defence.
