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Author: Promise Odejide

  • SERAP Gives Akpabio, Abbas Seven Days to Recover N110bn Vehicle, Allowance Funds from Lawmakers

    The Socio-Economic Rights and Accountability Project (SERAP) has given Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas a seven-day deadline to ensure lawmakers refund funds received under the N110 billion vehicle procurement and support allowance schemes declared unlawful by a Federal High Court.

    SERAP said the National Assembly leadership must act immediately to recover the funds and implement measures to prevent future violations of procurement and accountability laws.

    SERAP Demands Refund of N110bn

    In a letter dated June 20, 2026, and signed by its Deputy Director, Kolawole Oluwadare, SERAP urged Akpabio and Abbas to establish mechanisms that would ensure all future procurements and spending by the National Assembly comply with due process and transparency requirements.

    The organisation also called for public hearings on the National Assembly budget during every budget cycle and the publication of detailed expenditure records to strengthen accountability and public participation.

    According to SERAP, lawmakers should not be allowed to retain benefits obtained from expenditure already declared unlawful by the court.

    Court Judgment Behind Demand

    The demand follows a judgment delivered by Justice Yellim Bogoro of the Federal High Court in Lagos in Suit No. FHC/L/CS/1606/2023.

    The court held that the spending of N40 billion on 465 vehicles for lawmakers and N70 billion in support allowances for newly elected members violated procurement laws, constitutional provisions and public trust obligations.

    SERAP argued that the judgment established a legal and factual basis for the recovery of the funds.

    ‘There Must Be Consequences’

    The organisation said the court’s findings showed that the expenditure was characterised by self-dealing, conflict of interest and disregard for the national interest.

    “Flowing from Justice Bogoro’s judgment, there must be consequences and full restitution for the lawmakers’ failure to comply with their constitutional and statutory obligations,” SERAP said.

    It added that allowing lawmakers to retain the benefits would undermine public confidence in democratic institutions and weaken efforts to combat corruption and abuse of power.

    Legal Action Threatened

    SERAP noted that while the judgment did not specifically order the refund of the N110 billion, it aligns with constitutional provisions, anti-corruption laws and Nigeria’s international obligations that support restitution where public funds have been unlawfully spent.

    The organisation warned that it would institute legal proceedings against Akpabio, Abbas, lawmakers and the National Assembly if the recommendations are not implemented within seven days.

    It maintained that public officials must be held accountable whenever public funds are spent in violation of procurement regulations and constitutional safeguards.

     

  • Biodun Oyebanji Wins All 16 LGAs to Secure Historic Second Term in Ekiti

    Incumbent Governor Biodun Oyebanji of the All Progressives Congress (APC) has been re-elected as governor of Ekiti State after recording a sweeping victory in Saturday’s governorship election.

    The Independent National Electoral Commission (INEC) declared Oyebanji winner in the early hours of Sunday after he secured 319,224 votes and won in all 16 local government areas of the state.

    Oyebanji Defeats PDP, ADC Candidates

    INEC Returning Officer, Prof. Adenike Oladiji, announced that the APC candidate defeated his closest rivals by a wide margin.

    According to the results, Oluwole Oluyede of the Peoples Democratic Party (PDP) polled 40,543 votes, while Oluwadare Patrick Bejide of the African Democratic Congress (ADC) secured 12,872 votes.

    A total of 375,777 valid votes were recorded, while 6,332 votes were rejected. About 384,940 voters were accredited for the election.

    Oyebanji’s total represented nearly 85 per cent of valid votes cast, underlining the APC’s dominance in the poll.

    Historic Re-Election Victory

    The outcome marks a major political milestone in Ekiti State.

    Oyebanji has become the first governor since Nigeria’s return to democratic rule in 1999 to win re-election and secure a second consecutive term in office.

    Political observers have long described Ekiti as a state with strong anti-incumbency tendencies, making the governor’s victory particularly significant.

    Election Day and Voting Process

    Voting took place across the state’s 16 local government areas, 177 wards and 2,445 polling units.

    Election observers reported largely peaceful conduct, with INEC officials and security personnel deployed across voting centres. Accreditation and voting were conducted using the Bimodal Voter Accreditation System (BVAS).

    While the process was generally peaceful, there were reports of isolated cases of vote-buying, voter inducement and minor technical issues in some locations.

    INEC also uploaded polling unit results to its Result Viewing Portal (IReV) during the collation process.

    Reactions Trail Victory

    Reacting to the outcome, Oyebanji described the result as a vote of confidence in his administration and pledged to continue delivering on his campaign promises.

    The election attracted 14 candidates, although the APC, PDP and ADC accounted for the overwhelming majority of votes cast.

    Opposition parties are yet to formally announce whether they will challenge the outcome in court.

     

  • Top 10 News Updates You Should Know Today

    1. INEC Begins Ekiti Election Collation as Oyebanji Takes Early Lead

    The Independent National Electoral Commission (INEC) has commenced the formal collation of results from the Ekiti State governorship election following the conclusion of voting across the state. Electoral officials gathered at the State Collation Centre in Ado-Ekiti to receive and verify results from the 16 local government areas, while the commission reported that more than 97 per cent of polling unit results had already been uploaded to its Result Viewing Portal (IReV).

    Early results from several local government areas indicate that incumbent Governor Biodun Oyebanji has established a strong lead over his closest challengers. In Ekiti South West Local Government Area, one of the state’s politically significant constituencies, official figures showed the ruling party maintaining a clear advantage. INEC says the final declaration will be made after all results are collated, verified, and certified at the state headquarters.

    2. IMF Calls for Deeper Electricity Tariff Reforms

    The International Monetary Fund (IMF) has urged the Federal Government to accelerate reforms in Nigeria’s electricity sector, warning that current pricing structures continue to create financial pressures that threaten fiscal sustainability. In its latest Article IV Consultation Report, the IMF noted that electricity tariffs in several categories remain below cost-recovery levels, resulting in substantial subsidy burdens and limiting investment in the sector.

    According to the Fund, recent adjustments have improved revenue generation, but deeper reforms are required to build a commercially viable power industry. The IMF recommended a gradual transition toward cost-reflective tariffs while introducing targeted support measures for low-income households. Analysts believe the recommendations could influence future government decisions as authorities seek to improve electricity supply without worsening the cost-of-living burden on consumers.

    3. Nigeria, Cameroon Sign New Security Agreement

    Nigeria and Cameroon have signed a comprehensive defence cooperation agreement aimed at tackling insurgency, arms trafficking, kidnapping, and other cross-border crimes. The pact establishes new frameworks for intelligence sharing, coordinated border surveillance, joint military training, and operational cooperation along both countries’ shared boundaries.

    Security officials say the agreement is particularly important for the Lake Chad Basin region, where insurgent groups often exploit border gaps to evade security forces. The partnership also extends to maritime security in the Gulf of Guinea, where both nations plan to strengthen collaboration against piracy, oil theft, and smuggling activities that continue to threaten regional economic stability.

    4. Tinubu Extends Customs CG Adeniyi’s Tenure

    President Bola Tinubu has approved a six-month extension for the Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, allowing him to remain in office until February 2027. The Presidency said the extension is intended to ensure continuity in ongoing customs reforms, including digital modernization projects and efforts to improve trade facilitation at Nigeria’s ports and border posts.

    The Nigeria Customs Service has recorded significant growth in revenue generation under Adeniyi’s leadership while also intensifying anti-smuggling operations across the country. Maritime stakeholders and industry operators believe the extension will provide policy stability for businesses as customs authorities continue implementing reforms designed to boost efficiency and improve government revenue collections.

    5. Data Protection Commission Investigates Alleged INEC Data Leak

    The Nigerian Data Protection Commission (NDPC) has launched a formal investigation into the Independent National Electoral Commission following reports that sensitive voter information belonging to prominent Nigerians was exposed online. The commission said the inquiry is aimed at determining whether there were breaches of the Nigeria Data Protection Act and whether existing safeguards were adequate.

    Investigators are reportedly reviewing INEC’s internal systems, access controls, and data management procedures to establish how the information became public. The development has renewed concerns about cybersecurity within government institutions and triggered calls from civil society groups for stronger protections around citizens’ personal and biometric information.

    6. Diezani Speaks Out After UK Court Acquittal

    Former Minister of Petroleum Resources, Diezani Alison-Madueke, has accused British authorities of damaging her reputation following her acquittal on corruption-related charges in the United Kingdom. In a statement released after the verdict, she maintained that the allegations against her were built on claims that ultimately failed to stand up in court.

    The case attracted international attention due to its links to Nigeria’s oil sector and long-running asset recovery efforts. Legal analysts say the acquittal could influence ongoing discussions surrounding anti-corruption enforcement, international investigations, and related civil proceedings connected to assets previously associated with the former minister.

    7. AFN Delays Commonwealth Games Trials

    The Athletics Federation of Nigeria (AFN) has postponed the start of the country’s Commonwealth Games trials by 24 hours following severe weather disruptions in the United States that affected travel plans for several foreign-based athletes. The federation said numerous competitors experienced flight delays and cancellations, making it difficult for them to arrive before the scheduled start date.

    Officials explained that the postponement was necessary to ensure fairness and allow all qualified athletes an opportunity to compete. The trials remain a crucial stage in selecting Nigeria’s team for the 2026 Commonwealth Games, with sports administrators hoping the additional time will enable all participants to complete registration and medical requirements.

    8. Kano School Crisis Leaves Hundreds Out of Class

    Hundreds of pupils have reportedly dropped out of Kauyan Mai Unguwa Primary School in Danbatta Local Government Area of Kano State following severe damage to classrooms caused by heavy rainfall. Community leaders said collapsed structures, damaged fences, and unsafe learning conditions have made it difficult for children to continue attending school.

    Education advocates warn that the situation reflects wider challenges facing rural schools across northern Nigeria, where infrastructure deficits continue to contribute to the out-of-school children crisis. Residents have appealed to authorities for urgent intervention, stressing that further delays could permanently disrupt the education of many children in the affected communities.

    9. Community Youths Help Rescue Kidnap Victims in Abia

    A joint rescue operation involving community youths and security operatives has led to the successful recovery of two kidnap victims in Ohuhu community, Umuahia North Local Government Area of Abia State. The operation was launched after local intelligence identified the suspected location of the abductors inside a forest area.

    Police authorities said the coordinated action forced the kidnappers to abandon their hideout and flee before they could be apprehended. Security officials have praised the role played by local residents, describing community participation and intelligence sharing as critical tools in ongoing efforts to combat kidnapping and violent crime across rural communities.

    10. Obasanjo, Dabiri-Erewa Push for Stronger Diaspora Investment

    Former President Olusegun Obasanjo and Chairman of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, have called for stronger collaboration between Nigerians at home and abroad to accelerate economic growth and investment opportunities. Speaking at the Afretrade Entrepreneurs’ Festival in Lagos, both leaders stressed the importance of leveraging diaspora networks to support local industries and innovation.

    The event brought together entrepreneurs, investors, policymakers, and business leaders from across Africa and beyond to explore new trade and investment opportunities. Participants highlighted the potential of the African Continental Free Trade Area (AfCFTA) and concluded discussions with several partnership agreements aimed at supporting young entrepreneurs and expanding access to capital.

     

  • Sunday Igboho Issues Ultimatum as Kidnapped Victims Regain Freedom in Oyo Community

    Several kidnapped victims were reportedly released in Igboho, Oyo State, after Yoruba Nation activist Sunday Adeyemo, popularly known as Sunday Igboho, issued a two-hour ultimatum to Fulani community leaders in the town.

    The development, which has generated widespread attention, followed a meeting involving traditional rulers, community leaders and Fulani elders at the palace of the Alepata of Igboho.

    Igboho Raises Alarm Over Kidnappings

    According to reports, Igboho expressed concern over rising cases of abduction in the area and accused some individuals within the Fulani community of being linked to criminal activities targeting residents.

    He reportedly cited the case of a pregnant woman who was kidnapped, for whom ransom was allegedly paid, but who was later killed alongside the individual who delivered the ransom.

    During the meeting, Igboho was said to have demanded the immediate release of all victims allegedly being held by kidnappers.

    “Tell your children to release those they are holding. We cannot continue like this,” he reportedly told the gathering.

    Victims Reportedly Released

    Shortly after the expiration of the ultimatum, reports and videos circulating on social media claimed that several kidnapped victims had regained their freedom.

    Residents were seen celebrating in footage shared online, with reports indicating that the victims returned safely to the community.

    The exact number of those released has not been officially confirmed.

    No Official Security Confirmation Yet

    As of the time of filing this report, security agencies had not issued an official statement confirming the releases or providing details on the circumstances surrounding them.

    The development remains based largely on local reports and accounts from residents within the community.

    Growing Security Concerns in Oyo

    The incident comes amid heightened concerns over insecurity in parts of Oyo State, particularly following the abduction of schoolchildren and teachers from schools in Oriire Local Government Area in May.

    Those victims remain in captivity, with public pressure mounting on authorities to secure their release.

    Since his return to Nigeria earlier this year, Sunday Igboho has continued to speak out against kidnapping, banditry and other security challenges affecting communities across the South-West.

  • FUOYE Suspends SUG President, Officials Over Levy Allegation as Two Students Face Sanctions Over Leaked Video

    The Federal University Oye-Ekiti (FUOYE) has suspended its Students’ Union Government (SUG) President, James Iyanuoluwa Adio, alongside two senior officials over allegations linked to the unauthorised collection of money from students.

    The university also suspended two students over their alleged involvement in the circulation of a private video linked to the suspended student leader, further deepening a controversy that has generated reactions within the institution and beyond.

    Officials Suspended Over Alleged Levy Collection

    In a statement issued on June 17, the university registrar, Mufutau Ibrahim, announced the suspension of Olanrewaju Ogunjobi, Director of the Directorate of Educational Technology, Innovation and Entrepreneurship; Banji Rildwan Olaleye, Deputy Dean of Student Affairs and Support Services; and SUG President James Adio.

    The action followed a petition alleging that some 100-level students were compelled to pay ₦1,000 each for practical sessions.

    According to the university, a preliminary fact-finding committee was established to investigate the allegations and invited all affected parties to respond.

    Management said the committee found that Ogunjobi allegedly approved and collected the money without obtaining the required approvals from the university Senate, management, or the Bursary Department.

    Olaleye was also accused of participating in the collection process.

    SUG President Linked to Funds

    The university alleged that Adio was indirectly connected to the matter after he reportedly participated in the sharing of an initial amount before later demanding a refund.

    Management claimed that ₦700,000 was subsequently transferred into the student leader’s personal bank account.

    FUOYE reiterated its commitment to transparency and accountability, stating that it would not tolerate extortion, abuse of office, financial misconduct, or corruption in any form.

    NANS Challenges Suspension

    The suspensions drew criticism from the National Association of Nigerian Students (NANS), which described the action against the SUG president as unfair.

    On June 19, NANS President Akinteye Babatunde met with FUOYE Vice-Chancellor Professor Joshua Ogunwole to discuss the matter.

    During the meeting, Babatunde reportedly expressed dissatisfaction with the suspension, while the vice-chancellor explained the circumstances surrounding the decision and promised a fair review by the university Senate.

    The vice-chancellor also directed an investigation into the leak of Adio’s private information, including an explicit video that circulated online.

    Two Students Suspended Over Leaked Video

    On June 20, FUOYE announced the suspension of two students, Alao Iyanuoluwa Odunayo and Olawale Abiodun Samuel.

    According to the university, the students allegedly conspired to publish the suspended SUG president’s private affairs online after he failed to meet their financial demands.

    A statement signed on behalf of the Acting Vice-Chancellor by Deputy Vice-Chancellor (Administration), Professor Tajudeen Opoola, described the alleged act as cyberbullying capable of damaging the institution’s reputation.

    The students were suspended pending the conclusion of further investigations.

    The university Senate is expected to review the suspensions and related findings as investigations continue.

     

  • Top 10 News Updates You Should Know Today

    1. Tinubu Orders Immediate Security Reinforcement at NIPSS Kuru After Deadly Attack

    President Bola Ahmed Tinubu has directed the immediate fortification of security infrastructure at the National Institute for Policy and Strategic Studies (NIPSS), Kuru, following a deadly attack by armed bandits on the institution’s perimeter. The President, represented by Vice President Kashim Shettima during an address to participants of Senior Executive Course 48, ordered the institute’s management to work closely with the Armed Forces, the Nigeria Police Force, and the Department of State Services to address security vulnerabilities. The attack claimed the lives of two soldiers and one police officer who successfully prevented the assailants from breaching the main campus.

    Vice President Shettima also issued a 72-hour deadline for the submission of a comprehensive security enhancement plan covering surveillance technology, access control systems, and rapid-response mechanisms. He expressed condolences to the families of the fallen officers and assured that the Federal Government would take responsibility for the education and welfare of their children. The Presidency said advanced CCTV infrastructure and permanent armed reinforcements would be deployed to secure the strategic institution against future threats.

    2. Nigeria Exceeds OPEC Production Quota for First Time in 2026

    Nigeria has surpassed its crude oil production quota set by the Organization of the Petroleum Exporting Countries (OPEC) for the first time this year, following improved operations along the Trans Niger Pipeline. Data released by the Nigerian Upstream Petroleum Regulatory Commission showed that crude oil production averaged 1.53 million barrels per day in May and June, exceeding the country’s assigned quota of 1.5 million barrels per day.

    Industry regulators attributed the achievement to improved pipeline security and operational stability delivered through indigenous surveillance and asset protection initiatives. During a stakeholder engagement in Port Harcourt, community leaders and oil sector operators highlighted the role of local intelligence gathering and military interventions in protecting oil infrastructure. Analysts believe sustained production growth could strengthen government revenues and improve foreign exchange earnings, provided security gains are maintained.

    3. Chevron Launches Aviation Cadet Programme for Nigerian Pilots

    Chevron Nigeria Limited, in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) and Bristow Helicopters, has launched a specialised helicopter pilot training programme aimed at developing local aviation talent for the oil and gas industry. The initiative will sponsor ten Nigerian cadet pilots and two trainees from Chevron’s host communities through a structured training process covering both theoretical and practical flight operations.

    The programme begins with foundational training in Nigeria before participants proceed to advanced simulation and flight exercises in Johannesburg, South Africa. Chevron officials said the project aligns with Nigeria’s local content policy by reducing reliance on foreign aviation personnel in offshore operations. Regulators also believe the initiative will create a pool of highly skilled Nigerian pilots capable of serving the wider Gulf of Guinea aviation market.

    4. FG Partners APM Terminals on $10 Million Apapa Port Upgrade

    The Federal Government has entered into a strategic partnership with APM Terminals to implement a $10 million infrastructure expansion project at the Apapa Port complex in Lagos. The initiative will focus on upgrading cargo handling equipment, improving logistics efficiency, and introducing digital tracking systems designed to reduce delays and increase operational capacity.

    According to the Ministry of Marine and Blue Economy, the project forms part of a broader effort to transform Nigerian ports into competitive regional trade hubs. Stakeholders in the manufacturing and export sectors have long complained about congestion and infrastructure deficiencies at Apapa. Maritime analysts say the investment could improve cargo turnaround times, boost customs revenue collection, and lower operating costs for businesses that rely on the country’s busiest seaport.

    5. University of Ilorin Expands Fintech Research Beyond OPay

    The University of Ilorin has broadened the scope of an ongoing research project examining public trust in artificial intelligence-powered customer service systems within Nigeria’s fintech sector. Initially focused on OPay, the study will now include PalmPay, Moniepoint, and Kuda Bank to provide a wider assessment of how consumers interact with digital financial platforms.

    Researchers said the decision was taken to ensure a more balanced and industry-wide analysis of AI adoption in financial services. Preliminary findings suggest that while automated support systems improve response times and dispute resolution, concerns remain about data privacy and transaction security. The final report is expected to provide useful insights for regulators, fintech operators, and policymakers working on future consumer protection frameworks.

    6. NBS Warns Food Security Challenges Persist Despite Economic Reforms

    The National Bureau of Statistics has reported that food security pressures remain significant despite signs of moderation in headline inflation. According to its latest socio-economic assessment, transportation costs, insecurity in farming communities, and rising global fertiliser prices continue to push up the cost of food across the country.

    The report also identified logistics bottlenecks and interstate haulage charges as major factors affecting the movement of agricultural produce. Economic experts argue that recent fiscal reforms and stronger foreign reserves have yet to translate into broad-based relief for consumers. Analysts believe sustained investments in rural infrastructure and the successful implementation of climate resilience programmes will be crucial to stabilising food prices in the coming months.

    7. Troops Repel Insurgent Ambush on Maiduguri-Damaturu Highway

    Troops of Operation Hadin Kai have successfully repelled an insurgent attack along the Maiduguri-Damaturu highway, one of the most important transport corridors in North-East Nigeria. The ambush occurred near Jakana community when suspected Islamic State West Africa Province fighters opened fire on a military convoy conducting routine operations.

    Military sources said several insurgents were neutralised during the exchange, while weapons including rocket-propelled grenades and anti-aircraft ammunition were recovered. The highway was temporarily shut to civilian traffic as explosive ordnance teams cleared the area. Although two soldiers sustained injuries, authorities say additional patrols and aerial surveillance have been deployed to secure the route and prevent further attacks.

    8. Lagos Deploys Digital Emergency Response System

    The Lagos State Government has commenced the deployment of a digital dispatch and geographic information system designed to improve emergency response operations across the state. The technology enables command centres to track emergency vehicles in real time and automatically identify the closest response units to incidents.

    Officials said the system is part of Lagos’ wider smart-city strategy aimed at reducing response times in high-density locations such as Apapa, Oshodi, and Ikeja. Early pilot results indicate a 20 per cent reduction in delays, particularly during peak traffic periods. Future phases of the project will incorporate artificial intelligence tools to predict high-risk locations and strategically position emergency assets before incidents occur.

    9. ECOWAS Opens Regional Security Summit in Abuja

    The Economic Community of West African States (ECOWAS) has opened a high-level security meeting in Abuja focused on combating cross-border crime, maritime piracy, and regional insecurity. The gathering brought together military chiefs, intelligence officials, and border management authorities from across the region to discuss coordinated responses to emerging threats.

    Delegates highlighted growing links between maritime oil theft in the Gulf of Guinea and land-based criminal networks operating across the Sahel. Discussions also focused on improving intelligence sharing, strengthening border patrols, and harmonising legal frameworks across member states. ECOWAS said a comprehensive regional action plan would be presented to Heads of State for approval after the meeting.

    10. University of Ibadan Confirms Abduction of Female Law Student

    The University of Ibadan has confirmed the abduction of a female law student from an off-campus residential area in Ibadan. According to reports, armed men bypassed local security guards before taking the student and fleeing through a nearby forest corridor.

    The incident has triggered concern among students and university officials, prompting calls for stronger security measures around off-campus housing locations. The Oyo State Police Command has deployed anti-kidnapping operatives and intelligence teams to track the abductors and secure the student’s release. Authorities say investigations are ongoing while students have been advised to remain vigilant and report suspicious activities to security agencies.

     

  • States Receive Nearly Three Times More FAAC Allocations Under Tinubu Reforms

    Nigerian states received significantly higher allocations from the Federation Account Allocation Committee (FAAC) in April 2026 compared to the period shortly after President Bola Ahmed Tinubu assumed office, according to official figures highlighted by the President Bola Ahmed Tinubu Media Centre.

    The data shows that state governments collectively received about ₦772 billion in April 2026, compared to approximately ₦266 billion shared in May 2023, reflecting a sharp rise in federation account revenues following major economic reforms introduced by the current administration.

    FAAC Allocations Rise Across States

    Several states recorded substantial increases in their monthly allocations during the period under review.

    Lagos State’s allocation increased from ₦11.5 billion in May 2023 to ₦40.5 billion in April 2026, while Abia State’s share rose from ₦6.25 billion to ₦16.1 billion.

    Oil-producing states, including Rivers and Delta, also recorded notable increases as higher oil revenues boosted overall federation earnings.

    For April 2026, FAAC distributed a total of about ₦2.257 trillion to the three tiers of government. The Federal Government received ₦787.351 billion, state governments received ₦772.360 billion, while local governments got ₦540.152 billion. An additional ₦157.254 billion was paid as 13 per cent derivation to oil-producing states.

    Tinubu Reforms Linked to Revenue Growth

    The increase in allocations has been linked to key economic reforms introduced by the Tinubu administration shortly after taking office in 2023.

    These include the removal of fuel subsidies, the unification of exchange rates that led to naira devaluation, and improved tax and VAT collections.

    Supporters of the reforms argue that the policies have strengthened federation revenues, increased foreign reserves, and pushed monthly FAAC distributions to levels ranging between ₦1.8 trillion and ₦2.6 trillion in recent periods.

    Concerns Over Inflation and Purchasing Power

    Despite the rise in nominal allocations, critics have argued that inflation has significantly reduced the real value of the funds received by states.

    They note that cumulative inflation since mid-2023 has exceeded 100 per cent, while the depreciation of the naira has reduced the dollar value of some state allocations.

    Some analysts contend that although states now receive more money in naira terms, many Nigerians have yet to see corresponding improvements in public infrastructure, healthcare, education, or salary payments.

    Calls for Greater Accountability

    The increase in FAAC allocations has renewed calls for greater accountability at the state level.

    Supporters of the administration maintain that governors now have more resources to deliver development projects and improve public services, while critics insist that citizens deserve clearer evidence of how the additional revenues are being spent.

    The debate continues as Nigeria balances higher government revenues with ongoing challenges such as inflation, unemployment, and rising living costs.

  • Shettima Visits NIPSS After Deadly Gunmen Attack in Plateau

    Vice President Kashim Shettima on Friday visited the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Plateau State, days after gunmen attacked the institution and killed three security personnel.

    The visit comes as the Federal Government moves to reassure the institute, its staff and surrounding communities of its commitment to improving security and maintaining stability in the country.

    Shettima Assesses Situation at NIPSS

    Shettima arrived at the institute for an on-the-spot assessment of its operations, facilities and ongoing strategic programmes following the attack.

    The Vice President was accompanied by Plateau State Governor, Caleb Mutfwang, and other senior government officials.

    He was received by the Director-General of NIPSS, Ayo Omotayo, alongside members of the institute’s management team.

    According to officials, the visit was aimed at demonstrating the Federal Government’s support for the institution and reinforcing efforts to ensure peace and security in the area.

    Attack Claimed Three Security Personnel

    Gunmen attacked the institute in the early hours of Tuesday, triggering concerns over security at one of Nigeria’s foremost policy and leadership training institutions.

    The attack was initially confirmed by the Head of Public Affairs Department at NIPSS, Dr Osime Samuel, who stated that security personnel and relevant agencies quickly brought the situation under control.

    While assuring the public that institute activities continued as scheduled, authorities maintained that there was no threat to participants, staff, residents or facilities after the incident.

    However, the Plateau State Police Command later confirmed that three security personnel lost their lives during the attack.

    In a statement issued by Police Public Relations Officer, SP Alfred Alabo, the command said investigations had commenced to identify and apprehend those responsible.

    Arrests Made as Investigation Continues

    Speaking on Thursday, NIPSS Director-General Professor Omotayo disclosed that some suspects had already been arrested in connection with the attack.

    He said security agencies were continuing investigations and vowed that all individuals involved would be brought to justice.

    The Federal Government has yet to release further details on the attack, but officials say efforts are ongoing to strengthen security around the institute and other critical national facilities.

  • IPOB Suspends Nnamdi Kanu, Removes Him as Radio Biafra Director

    The Indigenous People of Biafra (IPOB) has announced the indefinite suspension of its leader, Nnamdi Kanu, and removed him from his position as Director of Radio Biafra in what the group described as a move to strengthen and reposition its operations.

    The decision was disclosed in a statement issued on Thursday by Chikadibia Edoziem, head of IPOB’s Directorate of State (DOS), the organisation’s highest decision-making body.

    IPOB Explains Suspension Decision

    According to the statement, the suspension was approved during a DOS meeting held on June 17 after members reviewed an intelligence report allegedly compiled by IPOB’s M-Branch.

    The report reportedly focused on a meeting involving Kanu and officials of the Department of State Services (DSS) and the Nigerian Intelligence Agency (NIA) while in detention.

    IPOB said the move was necessary to protect the organisation’s structure and prevent actions it believes could endanger members or undermine its objectives.

    Group Cites Security Concerns

    Edoziem claimed that Kanu’s communications and activities while in custody were under constant monitoring by security agencies and alleged that information from prison communications had previously led to arrests and deaths of IPOB members.

    The group also alleged that there were plans to create a new militia that could trigger fresh violence in the South-East and weaken the organisation’s leadership structure.

    According to IPOB, suspending the office of the leader would help prevent individuals from claiming authority to carry out activities that conflict with the movement’s objectives.

    Radio Biafra Role Removed

    As part of the decision, Kanu was also removed from his role as Director of Radio Biafra.

    IPOB maintained that the organisation was founded as a self-determination movement by Biafrans in the diaspora and insisted that no individual possesses the authority to dissolve its central leadership structure.

    The group added that any criminal activity carried out in the name of the suspended office of the leader would no longer be attributed to IPOB.

    Organisation Distances Itself From Unauthorized Actions

    The statement further noted that IPOB would not accept responsibility for actions carried out by individuals or groups who are not officially authorised by its Directorate of State.

    The organisation said the suspension would remain in place indefinitely as part of efforts to maintain internal discipline and prevent further security risks.

     

  • Top 10 News Updates You Should Know Today

    1. NEC Approves ₦83.2 Billion for Flood Prevention and Climate Emergency Response

    The National Economic Council (NEC) has approved ₦83.2 billion for the Anticipatory Action Task Force to mitigate the impact of flooding and other climate-related emergencies across Nigeria. The approval was granted during the council’s 158th meeting chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja, following a presentation by the Minister of State for Budget and Economic Planning, Senator Atiku Bagudu. The intervention is aimed at shifting Nigeria’s disaster management strategy from reactive responses to proactive measures ahead of the peak rainy season.

    Vice President Shettima said the administration’s economic reforms must translate into practical benefits that protect citizens, especially farmers and small-scale producers vulnerable to climate shocks. The funding will support drainage expansion projects, public sensitisation campaigns, and the prepositioning of emergency relief materials in flood-prone communities. NEC also urged state governments to work closely with the Federal Government to remove logistical and compliance obstacles affecting agricultural exports and local economic activities.

    2. FG Releases Guidelines for New Tax Reform Framework

    The Federal Government has unveiled transitional guidelines for implementing Nigeria’s new tax framework following the enactment of four major tax reform laws. The guidelines were presented in Abuja by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, alongside Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele. They are designed to regulate the transition from previous tax regimes to the new legal framework without disrupting business operations.

    According to the government, investors who received tax incentives, exemptions, and development levies under previous laws will continue to enjoy those benefits until their approved expiration dates. However, all pending and future applications for incentives will be assessed strictly under the provisions of the new laws. Officials believe the framework will reduce tax-related disputes, improve compliance, and provide greater certainty for businesses operating in Nigeria’s evolving fiscal environment.

    3. CBN Raises One-Year Treasury Bill Yield to 17.34%

    The Central Bank of Nigeria increased the yield on its 364-day Treasury bills to 17.34 per cent during its latest auction as part of efforts to reduce excess liquidity and tackle inflationary pressures. The apex bank initially offered ₦1 trillion across different maturities but received subscriptions worth ₦1.863 trillion, reflecting strong investor demand. Following the oversubscription, the CBN allotted ₦1.437 trillion to investors, with the largest share directed toward the one-year instrument.

    Auction data also showed that the 91-day Treasury bill attracted ₦129.69 billion in subscriptions and cleared at 16.28 per cent, while the 182-day bill recorded lower demand despite a rise in its yield. Financial analysts say the upward movement in rates underscores the CBN’s commitment to maintaining a tight monetary stance. They believe the strategy is intended to attract foreign capital inflows, stabilise the naira, and contain inflation, though higher borrowing costs could also affect businesses and consumers.

    4. FG Inaugurates Presidential Task Force on Ebola Preparedness

    The Federal Government has inaugurated a Presidential Task Force on Ebola Virus Disease Preparedness to strengthen surveillance systems and maintain Nigeria’s zero-case status. The task force, inaugurated at the State House in Abuja, is chaired by the President’s Chief of Staff, Femi Gbajabiamila, and comprises agencies responsible for border security, immigration management, and disease surveillance.

    Authorities said the initiative is designed to move Nigeria from emergency responses to permanent preventive structures capable of detecting and containing public health threats before they spread. Surveillance efforts will focus on major international gateways in Lagos, Kano, Rivers, Enugu, and the Federal Capital Territory, alongside land border operations. Officials say the long-term goal is to establish a durable public health framework that can respond swiftly to future outbreaks and serve as a model for other African countries.

    5. Information Minister Urges Media to Reduce Publicity for Terror Groups

    Minister of Information and National Orientation Mohammed Idris has called on media organisations to scale back the extensive publicity often given to terrorists, bandits, and other criminal groups. Speaking at a security summit organised by the Nigerian Union of Journalists and the Department of State Services in Abuja, Idris argued that excessive reporting of criminal activities can unintentionally amplify fear and advance the objectives of violent groups.

    The minister stressed that the government remains committed to press freedom but urged journalists to balance that freedom with national responsibility. Participants at the summit highlighted concerns that insurgent and criminal networks increasingly use digital platforms and media exposure to spread misinformation and influence public perception. Media practitioners, however, advocated stronger engagement between journalists and security agencies to ensure accurate reporting without compromising ongoing security operations.

    6. INEC Begins Distribution of Sensitive Materials for Ekiti Governorship Election

    The Independent National Electoral Commission has commenced the sorting and distribution of sensitive election materials ahead of Saturday’s governorship election in Ekiti State. The exercise took place at the Central Bank of Nigeria facility in Ado-Ekiti under the supervision of Resident Electoral Commissioner Dr. Bunmi Omoseyindemi, with representatives of political parties and security agencies monitoring the process.

    INEC disclosed that registered voters in the state increased from 987,647 in 2023 to 1,059,360 for the current election cycle, while Permanent Voter Card collection reached 97.1 per cent. To ensure a smooth and secure process, the Nigeria Security and Civil Defence Corps has deployed 10,000 personnel, while the Nigerian Air Force is providing logistical support to difficult-to-reach areas. Electoral stakeholders say the high PVC collection rate could translate into stronger voter participation.

    7. NNPC and TotalEnergies Renew Methane Emission Detection Partnership

    NNPC Limited and TotalEnergies have renewed their methane emission detection partnership for another 24 months, extending the use of advanced airborne monitoring technology across their upstream oil and gas assets. The agreement was signed in Abuja by NNPC’s Executive Vice President for Upstream Operations, Udy Ntia, and TotalEnergies Country Chair, Matthieu Bouyer.

    The programme uses specialised aerial equipment capable of detecting, measuring, and mapping greenhouse gas emissions with high precision. Officials said data generated during the first phase enabled operators to identify priority areas for methane reduction and infrastructure upgrades. The extension aligns with Nigeria’s commitments under global decarbonisation initiatives and supports NNPC’s target of achieving near-zero methane emissions and significantly reducing gas flaring by 2030.

    8. IPI Calls for End to Arrests and Intimidation of Journalists

    The International Press Institute Nigeria has urged security agencies to stop the arrest and detention of journalists, insisting that disputes involving media organisations should be handled through lawful and democratic channels. Speaking at a media-security summit in Abuja, IPI Nigeria President and Premium Times Editor-in-Chief, Musikilu Mojeed, argued that coercive actions against journalists undermine public trust and weaken democratic institutions.

    The organisation said many of the tensions between security agencies and the press stem from poor communication, institutional mistrust, and the absence of effective dispute-resolution mechanisms. Participants at the summit agreed on the need for structured engagement between journalists and security operatives. IPI also proposed the development of standard interaction protocols that would protect both national security interests and press freedom.

    9. Super Falcons Remain Africa’s Highest-Ranked Women’s Team

    Nigeria’s Super Falcons will head into the 2026 Women’s Africa Cup of Nations as Africa’s highest-ranked women’s national team after retaining 36th place in the latest FIFA rankings. The ranking follows back-to-back victories over Senegal in international friendlies played in Ikenne, where the Falcons recorded 2-1 and 3-0 wins.

    Although the results strengthened Nigeria’s position on the continent, they were not enough to move the team above Serbia, Ukraine, and the Czech Republic in the global rankings. The Super Falcons will compete in Group C at the tournament in Morocco alongside Zambia, Egypt, and Malawi as they chase an 11th continental title. Beyond the trophy, the competition also offers qualification opportunities for the 2027 FIFA Women’s World Cup in Brazil.

    10. Ghana Opens World Cup Campaign with Late Victory Over Panama

    Ghana began its World Cup campaign on a winning note after securing a dramatic 1-0 victory over Panama thanks to a stoppage-time goal from midfielder Caleb Yirenkyi. The match appeared destined for a draw before the late breakthrough handed the Black Stars all three points and a strong start in Group L.

    The result has generated excitement across West Africa, with football analysts praising Ghana’s resilience and determination. Elsewhere, the Democratic Republic of Congo earned a hard-fought draw against Portugal, further highlighting the growing competitiveness of African teams on the global stage. Nigerian football observers are closely following these performances as they assess regional developments ahead of future continental competitions.