‘₦20tr missing’: Agbakoba raises alarm over Federation Account leakages

Aminu Imam
Agbakoba raises alarm

Renowned legal practitioner and former Nigerian Bar Association (NBA) president, Olisa Agbakoba, has alleged that over ₦20 trillion may have been lost from Nigeria’s Federation Account through under-remittances, unauthorised deductions, and weak financial oversight. Speaking through a detailed policy statement released on Wednesday, Agbakoba questioned the management of Nigeria’s public revenues and warned that the country’s worsening debt crisis was being fueled by massive leakages from funds meant to accrue to the Federation Account. According to him, the Federation Account — established under Section 162 of the 1999 Constitution —…

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FG unveils northern CNG, electric vehicle corridor in Kano

Aminu Imam
FG unveils CNG

The Federal Government, through the Presidential Initiative on Compressed Natural Gas (CNG) and Electric Vehicles, yesterday launched the ‘Northern Corridor’ of the CNG and electric vehicle transport programme in Kano State. The initiative is aimed at promoting cleaner, affordable and sustainable transportation while reducing the cost of movement of goods and passengers across the country. The event, which was held at the Sani Abacha Stadium, attracted government officials, investors, transport stakeholders and representatives of the Kano State government. Representing Vice-President Kashim Shettima, Deputy Chief of Staff to the President, Senator…

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NBC appeals court order protecting TV stations, presenters from sanctions 

Aminu Imam
NBC appeals court order

Nigeria’s National Broadcasting Commission (NBC) has filed an appeal against a recent ruling of the Federal High Court in Lagos which restrained the commission from using controversial provisions of the Nigeria Broadcasting Code to threaten, sanction, punish or fine broadcast stations and presenters over alleged “expression of personal opinions as facts”, “bullying or intimidating guests”, or failure to maintain “neutrality”. The development has triggered renewed concerns over shrinking civic space, press freedom and freedom of expression in Nigeria, especially amid growing criticism that the NBC is attempting to impose excessive…

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2027: “Why we rejected Obi, Kwankwaso’s presidential ticket bid” – Baba Ahmed

Aminu Imam
Baba Ahmed on Obi, Kwankwaso2

National Chairman of Peoples Redemption Party (PRP), Dr. Hakeem Baba-Ahmed, has explained why former Labour Party (LP) presidential candidate, Peter Obi, and the leader of New Nigeria Peoples Party (NNPP), Rabiu Musa Kwankwaso, were unable to join PRP ahead of the 2027 general election. Speaking during a Hausa political programme on radio in Kaduna, Baba-Ahmed said discussions between PRP and the two politicians broke down after disagreements over conditions for joining the party. According to him, Obi and Kwankwaso initially approached the PRP for possible collaboration, and negotiations progressed to…

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Kebbi: Malami submits ADC gov’ship nomination form

Aminu Imam
Malami submits ADC

…Declares mission to rescue state Former Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, has submitted his governorship nomination and expression of interest forms at the national secretariat of African Democratic Congress (ADC) in Abuja ahead of the Kebbi governorship race. The development was disclosed in a statement issued yesterday by his media aide, Mohammed Bello Doka, who described the submission as the beginning of a political movement to reposition Kebbi State. According to the statement, the former minister is entering the race with a commitment to…

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2027: Presidency questions Obi’s credibility on claim to leave after 4yrs

Aminu Imam
Presidency on Obi

Former Labour Party presidential candidate, Peter Obi, has reiterated that he would serve only one term if elected president, insisting he has no intention of remaining in office beyond four years. Obi made the declaration during an interview on Wednesday, where he said a single tenure would be enough for him to stabilise Nigeria and confront the country’s pressing challenges. According to the former Anambra State governor, the burden of leadership in Nigeria is too enormous for any serious-minded leader to stay longer than necessary without delivering measurable impact. “I…

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‘Southwest Nigeria hosts Africa’s largest counterfeit economy’ – Report

Aminu Imam
Southwest Nigeria hosts

A new report by the DAWN Commission has identified Southwest Nigeria as the epicentre of Africa’s largest and most diversified counterfeit goods economy, warning that the crisis is costing lives, damaging industries, and discouraging investment. The report, titled: “Southwest Nigeria Under Siege: The Counterfeit Shadow Economy”, said fake drugs, adulterated beverages, toxic cosmetics, sub-standard auto parts, and counterfeit electronics are deeply embedded in major commercial markets across the region. It estimated that counterfeit goods account for about 40% of products in Nigeria, while the shadow economy represents 57.4% of GDP,…

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UN calls for urgent probe as deadly airstrikes rock Northern Nigeria

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UN calls for urgent probe2

The United Nations (UN) has called for an urgent and independent investigation into recent military airstrikes in northern Nigeria that reportedly left scores of civilians dead. The appeal followed reports that air raids carried out in Zamfara State allegedly killed more than 100 people, many of them said to be local residents and traders at a community market. Speaking in New York on Wednesday, UN Deputy Spokesperson, Farhan Haq, said the global body was deeply disturbed by the incidents and warned that the protection of civilians must remain a priority…

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FG seeks fresh $1.25bn World Bank loan

Aminu Imam
FG seeks W'Bank loan

The Federal Government is currently in talks with the World Bank for a fresh $1.25 billion loan, according to a leaked document. The document, titled: ‘Nigeria Actions for Investment and Jobs Acceleration’, noted that the proposed loan will finance ongoing economic reforms, job creation, and competitiveness. According to the document, talks are at the critical stage for the loan facility expected to be presented for approval on June 26, 2026. The loan has progressed beyond the initial concept and appraisal phases. If approved, it will come off as the second-largest…

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FG considers fresh electricity tariff increase

Aminu Imam
FG on electricity tariff

…As power crisis deepens despite 300% increase Millions of Nigerians may soon face fresh economic hardship, as the Federal Government considers another electricity tariff increase amid worsening challenges in the country’s power sector, despite the over 300% hike introduced under the controversial Band-A classification system two years ago. Discussions over a possible tariff adjustment intensified on May 12, 2026, following renewed pressure from power generation companies (GenCos) and other industry stakeholders who argued that current electricity pricing can no longer sustain rising operational and gas supply costs. Operators are reportedly…

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