Exclusive Reports

Thu, Apr

Senate President Akpabio Inaugurates Panel To Probe CBN's N30tr Overdraft

The president of the Senate Godswill Akpabio yesterday inaugurated an ad hoc committee to investigate the N30 trillion Ways and Means Advances released by the Godwin Emefiele-led Central Bank of Nigeria (CBN) to fund projects under former President Muhammadu Buhari’s administration. The fund, which passed through the National Assembly, was without details, despite the commitment of the Executive to do so. Senator Akpabio, while inaugurating the ad hoc committee charged the members to be impartial, uncompromising, and confidential in handling the investigation. He gave them six weeks to carry out the exercise. The panel was also urged to probe the more than N1tn Anchor Borrower Programme of the CBN under the immediate past administration.

Presidency Denies Allegation Of Budget Padding Of N3trn

The Presidency has denied allegations of padding the 2024 budget by an additional N3tn. This followed accusations by Senator Abdul Ningi of Bauchi Central (Peoples Democratic Party) alleging that the executive is implementing a budget other than the one approved on January 1, 2024. Senator Ningi, who is the chairman of the Northern Senators Forum, said "huge damage" has been done to the north and the entire country with the budget. He alleged that the report of a consultant revealed the padding. Speaking in an interview with BBC Hausa on Saturday, Ningi, had said, “For example, we had a budget of N28 trillion but after our checks, we found out that it was a budget of N25 trillion. How and where did we get the additional N3 trillion from, what are we spending it for?” he asked. Ningi added that the Northern Senators' Forum, which he chairs, would confront Senate President Godswill Akpabio with its findings on the alleged 'padding.' This is coming even as the senate revealed it would meet over the matter on Tuesday, using its internal machanisms and control process.

Edo Assembly Issues Impeachment Notice to Shaibu

Edo State House of Assembly during plenary on Wednesday, has requested its clerk, Yahaya Omogbai, to serve the deputy governor of its state, Philip Shaibu an impeachment notice. The Majority leader, Charity Aiguobarueghian, who announced the impeachment notice during plenary, said the petition dated March 5, was signed by 21 out of the 24 members against the deputy governor. Aiguobarueghian stated, “The petition against the deputy governor came in on March 5 and was signed by 21 out of the 24 members. The number of members who signed the petition was more than the two-third requirement stipulated in the constitution.” He also said that the petition was based on two grounds perjury and revealing of government secrets.

President Tinubu To Commission Lagos Red Line Rail

President Bola Tinubu is visiting Lagos state on Thursday to commission the first phase of the Lagos Rail Mass Transit (LRMT) Red Line. A press statement issued by the Lagos Metropolitan Area Transport Authority (LAMATA), announced that the President would visit to officially open the 27 kilometre-long train on Thursday, February 29, 2024. “The first phase of the Red Line stretches 27 kilometres from Agbado to Oyingbo with eight stations at Agbado, Iju, Agege, Ikeja, Oshodi, Mushin, Yaba, and Oyingbo. “The groundbreaking and commencement of civil works for the rail project started on 21st April 2021 and with the dedication, project management, and monitoring, the infrastructure was completed within a 30-months window.”

IWD: Tinubu Acknowledges Nigerian Women As the Pivot Of The Nation

Nigerian President, Bola Ahmed Tinubu has acknowledged that the Nigerian women are the pivot of the nation and without a scintilla of doubt; Nigerian women are elemental to the development, growth, and greatness of the nation. 

Abure Affirms As LP National Chairman

The Court of Appeal sitting in Abuja has affirmed Julius Abure as the National Chairman of Labour Party, LP. The appellate court set aside the judgment of the High Court of the Federal Capital Territory, FCT, which restrained Abure and two others from parading themselves as national officers of the party.  Though, on Wednesday in a judgment by Justice Hamman Barka held that the High Court was incorrect to have assumed jurisdiction on the matter. 

Edo 2024: Deputy Governor, Shaibu Wins PDP Party Primaries

Deputy Governor of Edo State, Philip Shaibu, on Thursday 22nd February 2024, won the governorship ticket of the Peoples Democratic Party, PDP, after emerging victorious at the parallel primaries of the party. Shaibu polled 301 votes of the 559 votes cast. While waiting for Governor Godwin Obaseki’s faction of the party to conduct its election, party delegates affirmed their support for Shaibu, insisting that they were the “authentic delegates”. 

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