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Tinubu
Headlines

Breaking: Tinubu signs N54.99trn 2025 budget into law

by Folarin Kehinde February 28, 2025
written by Folarin Kehinde

President Bola Ahmed Tinubu on Friday signed the ₦ 54.99 trillion 2025 appropriation bill into law at the presidential villa in Abuja.

The bill, which was passed in separate sessions by the two Chambers of the National Assembly on Thursday, February 13, after increasing it from the initial figures of N49.7 trillion submitted by President Tinubu, was signed in a brief ceremony in the President’s office.

The 2025 Appropriation Act represents a 99.96% increase from the 2024 Budget of N27.5 trillion.

The key breakdown of the 2025 budget is as follows: Total Expenditure: ₦54.99 trillion; Statutory Transfers: ₦3.65 trillion; Recurrent (Non-Debt) Expenditure: ₦13.64 trillion; Capital Expenditure: ₦23.96 trillion; Debt Servicing: ₦14.32 trillion; Deficit-to-GDP Ratio: 1.52%.

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February 28, 2025 0 comments
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Headlines

BREAKING: Supreme Court sacks all Rivers Local Government Chairmen loyal to Fubara

by Folarin Kehinde February 28, 2025
written by Folarin Kehinde

The Supreme Court has invalidated the local government elections conducted by the Rivers State Independent Electoral Commission (RSIEC) on October 5, 2024, citing significant breaches of the Electoral Act.

Delivering the judgment, Justice Jamilu Tukur ruled that the election was null and void due to a lack of substantial compliance with electoral laws and guidelines. According to the court, RSIEC failed to adhere to proper procedures, particularly by continuing voter registration after officially announcing the election date.

Justice Tukur emphasized that the electoral commission’s actions violated Section 150 of the Electoral Act, which outlines the necessary procedures for conducting local government elections.

The court further noted that the hurried process leading up to the election compromised its credibility, rendering the entire exercise unlawful.

More to come…

February 28, 2025 0 comments
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Headlines

Fuel Price Hike: Bayero University Loans Bicycles To Workers

by Folarin Kehinde February 28, 2025
written by Folarin Kehinde

The leadership of Bayero University Kano State on Thursday, February 27, announced that it distrusted some bicycles to staff of the institution.

A post by the university in its X page said this was the second batch of bicycles distributed to workers of the institution.

According to the post, the bicycles were given to the junior staff of the university to cushion the challenges faced by the increased fuel prices and the economic hardship hitting hard on the people.

Also a statement on the university’s official website said, “In a bid to ease transportation challenges for junior staff, the Vice-Chancellor of Bayero University, Kano, Professor Sagir Adamu Abbas, on Wednesday, February 26, 2025, distributed the second batch of bicycles under the university’s welfare initiative.

“During the distribution ceremony, Professor Abbas, assisted by the Chairman of the Bicycle Loan Committee, Professor Mahmoud Umar Sani, and other committee members, reaffirmed the university’s commitment to staff welfare,” the statement said.

It also stated that the bicycle will assist mobility of staff to work.

According to the statement, a total of 47 bicycles were distributed while 100 bicycles were distributed in the first phase.

February 28, 2025 0 comments
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Headlines

Why I rejected N500m offers from Ministers, DGs during my mother’s burial – EFCC chair

by Folarin Kehinde February 28, 2025
written by Folarin Kehinde

The Economic and Financial Crimes Commission, EFCC, chairman, Olanipekun Olukoyede on Thursday disclosed how he turned down offers from government officials amounting to N500m during his mother’s funeral in 2019.

The EFCC boss, who spoke at the 38th Anti-Corruption Situation Room in Abuja, explained that the substantial gifts, which included cheques and drafts, were sent to him by ministers, directors, MDAs and other high-ranking government officials.

Olukoyede noted that he was serving as the Secretary of the commission at the time he buried his mother.

Recounting how he received the offers, Olukoyede narrated that upon his return to his family home in Ekiti State prior to the burial, his gate man presented those checks to him.

According to him, after reviewing the cheques, he decided to return them.

The EFCC chairman narrated, “I lost my mother in the year 2019 (in Ekiti State). We went for the funeral. I was the secretary of the EFCC then. People came. So I went to my place a day before the funeral service.

By the time I got to my small compound, which I built several years ago before I joined the EFCC, I saw about 17 cows in my compound, including pregnant ones.

“When I got home, my gate man presented a box to me and inside it, I saw so many cheques and drafts from ministers, permanent secretaries, directors, DGs of agencies, etc.

“And so, I went in and showed it to my wife. She said, ‘Praise God’. I said, ‘Praise God for what?’ By the time we put all the cheques together, it counted close to N500m.

I did the burial in September 2019. By July 2020, I was under investigation. Now, assuming all those cheques were paid into my account as traditional gifts and some of the MDAs that we were investigating in the EFCC, some of their directors and their DGs and their ministers sent cheques to me.

“Ordinarily, I mean for burial, some gave me one million, N20m and all of that. Even though that would not have influenced my decision if I was in a position to determine what would happen to their investigations, how would I have explained before a panel that they saw cheques paid into my account?”

February 28, 2025 0 comments
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Headlines

BREAKING: Akpabio after me because I refused to have sex with him – Senator Natasha

by Folarin Kehinde February 28, 2025
written by Folarin Kehinde

Senator Natasha Akpoti-Uduaghan, representing Kogi Central in the National Assembly, has claimed her troubles in the Senate started after she rejected Senate President Godswill Akpabio’s sexual advances.

Speaking during an interview with Arise TV on Friday, Akpoti-Uduaghan compared her experience to that of a student being unfairly punished by a lecturer for refusing to give in to inappropriate demands.

“My case is a case of a student being punished by a lecturer for refusing to sleep with him,” she said.

The senator also addressed the controversy surrounding her sitting arrangement in the chamber. She acknowledged that Order 10 of the Senate Rules states that senators must speak from their assigned seats. However, she argued that when it comes to issues of privilege, lawmakers are allowed to speak from anywhere in the chamber.

On why other female senators have not publicly supported her, Akpoti-Uduaghan suggested they had their own reasons for staying silent. However, she revealed that Senator Ireti Kingibe, who represents the Federal Capital Territory, had privately called her—not to offer support, but to criticize her for filing a defamation lawsuit against Akpabio.

The Kogi senator also responded to Akpabio’s previous nightclub comments, in which he had jokingly referred to the Senate as a nightclub. She dismissed claims that it was a slip of the tongue, alleging instead that the Senate President had once personally suggested organizing a private party in a nightclub setting for them to “have fun.”

Furthermore, Akpoti-Uduaghan denied allegations of corruption raised in a petition by a northern youth group, which was submitted to the Senate Committee on Ethics, Privileges, Public Petitions, and Code of Conduct. She alleged that the petition was orchestrated by individuals who wanted her to divert committee funds for their benefit.

February 28, 2025 0 comments
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Edukoya
BusinessHeadlines

Nigerian EduTech Company Edukoya Shuts Down, 3 Years After Raising $3.5 Million

by Nelson Ugwuagbo February 27, 2025
written by Nelson Ugwuagbo

After three years of operation, Nigerian education technology startup Edukoya has ceased operations, citing poor infrastructure and economic challenges that hindered its ability to scale.

The startup, which secured Africa’s largest pre-seed funding of $3.5 million in 2021, announced on Wednesday that it would return capital to investors rather than continue in what it described as an unsustainable market environment.

In a statement obtained by reporters, Edukoya said despite early success, it faced significant adoption barriers, including limited internet penetration, high device costs, and declining disposable incomes, which impacted its target audience’s ability to pay for digital education services.

Launched to revolutionize digital learning for K-12 (primary and secondary) students, Edukoya quickly gained traction, enrolling over 80,000 students, facilitating millions of practice questions, and conducting thousands of live tutoring sessions.

However, after considering strategic alternatives such as partnerships, mergers, and business model pivots, the company found no viable path forward.

“Having explored various strategies to sustain operations—including partnerships, mergers, and business model shifts—without success, we’ve made the difficult decision to shut down and return capital to investors rather than exhaust resources in an unsupportive market,” the statement read.

“This strategic shutdown—though counterintuitive in a startup culture that emphasizes persistence at all costs—creates better outcomes for everyone: our investors can redeploy capital, our team can transition with dignity, and we preserve our vision’s integrity instead of compromising to survive.”

Edukoya’s closure reflects broader challenges in Africa’s edtech sector, where startups struggle to balance innovation with infrastructure limitations and affordability concerns. While digital learning remains a high-potential market, achieving large-scale adoption continues to be difficult.

The company expressed gratitude to its team, parents, students, and investors, stating that while its journey is ending, the insights gained could contribute to future innovations in African edtech when market conditions improve.

February 27, 2025 0 comments
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AGF
Headlines

₦1.96bn Fraud: Ex-AGF Pleads With Court To Negotiate With EFCC

by Nelson Ugwuagbo February 27, 2025
written by Nelson Ugwuagbo

A former Acting Accountant-General of the Federation (AGF), Anamekwe Nwabuoku, facing trial over an alleged ₦1.96 billion fraud, has requested more time from the Federal High Court in Abuja to negotiate a settlement with the Economic and Financial Crimes Commission (EFCC).

Nwabuoku, who is standing trial on a nine-count charge, made the plea on Monday after the EFCC, represented by Senior Advocate of Nigeria (SAN) Ekele Iheanacho, informed the court that it had five witnesses ready to testify.

Although his lawyer, Isidore Udenko, represented him in court, the defendant disclosed that he had engaged a Senior Advocate of Nigeria to facilitate an out-of-court settlement. Udenko noted that a previous attempt to reach an agreement with the anti-graft agency had failed, leading to the commencement of trial.

Responding, EFCC’s counsel, Iheanacho, stated that while the prosecution was prepared to proceed with the trial, it had no objection to the defendant’s request if it served the interest of justice.

“Even though our five witnesses are in court and we are ready to go on with the trial, however, if the request of the defendant will meet the justice of the case, we will not be opposing,” he said.

Following the submission, Justice James Omotosho adjourned the case to March 13, 2025, for either a settlement report or the continuation of the trial.

Nwabuoku was appointed as acting AGF in May 2022 after the suspension and subsequent trial of former AGF Ahmed Idris over an alleged ₦80.2 billion fraud. However, the EFCC later accused Nwabuoku of financial misconduct before his appointment, leading to his removal in July 2022.

He was subsequently charged alongside a Director in the Federal Civil Service, Felix Nweke. However, the EFCC later amended the charge, removing Nweke as a co-defendant after he agreed to testify against Nwabuoku.

According to the prosecution, Nwabuoku allegedly violated Section 18 of the Money Laundering Prohibition Act, 2011 (as amended in 2012), an offence punishable under Section 15(3) of the same Act.

The court had earlier heard testimony from Nweke, who alleged that Nwabuoku used four different companies to divert public funds. He further stated that the illicit funds were deposited in accounts controlled by an individual identified as Gideon Joseph.

February 27, 2025 0 comments
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Obasa
Headlines

JUST IN: Obasa arrives Lagos House of Assembly complex amid rumours of reinstatement

by Folarin Kehinde February 27, 2025
written by Folarin Kehinde

Mudashiru Obasa, the impeached former Speaker of the Lagos State House of Assembly, has arrived at the Assembly complex.

The development comes hours after the withdrawal of security details from the current Speaker, Mojisola Meranda, fueling speculation about a possible reinstatement.

Obasa’s arrival is the latest twist in the ongoing leadership crisis at the Assembly.

He was impeached on January 13, 2025, and has since been challenging his removal in court, arguing that the impeachment process was unconstitutional.

Recently, Obasa filed a lawsuit seeking his immediate reinstatement as Speaker, naming Meranda and the Assembly as defendants. Additionally, his security details were restored earlier today.

February 27, 2025 0 comments
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NAFDAC
Headlines

NAFDAC Warns Against Chemical Ripening of Fruits

by Nelson Ugwuagbo February 27, 2025
written by Nelson Ugwuagbo

The National Agency for Food and Drug Administration and Control (NAFDAC) in Adamawa State has cautioned fruit dealers against using chemicals to ripen fruits and urged consumers to be cautious of chemically treated produce.

State Coordinator Gonzuk Bedima issued the warning on Thursday in an interview with the News Agency of Nigeria in Yola. He identified calcium carbide, a chemical commonly used in welding, as the primary substance used to artificially ripen fruits, particularly bananas and oranges.

Bedima warned that exposure to calcium carbide poses serious health risks, including cancer. He noted that NAFDAC had previously sensitized fruit sellers and would intensify awareness campaigns, especially with the approach of the fasting season, when fruit consumption increases.

He advised consumers to remain vigilant and avoid fruits that appear overly ripe on the outside but are unripe inside, as this could indicate chemical treatment.

“If you suspect such fruits, avoid buying them, as they are dangerous to your health,” he said, urging the public to report cases of chemically ripened fruits to NAFDAC to prevent further risks.

February 27, 2025 0 comments
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Headlines

FG announces near-completion of first made-in-Nigeria helicopter

by Folarin Kehinde February 27, 2025
written by Folarin Kehinde

The first made-in-Nigeria helicopter is near completion and ready for its test flight, the National Agency for Science and Engineering Infrastructure (NASENI) has announced.

NASENI affirmed that the project which did not start from the scratch was built from already existing aeronautical advancements.

The project manager for NASENI’s Aeronautics and Air Vehicle Development Institute in Kaduna, Kareen Aduagba made the disclosure at a Focus Group Engagement organised by the agency on Wednesday, February 26.

Aduagba said the agency is working on both made-in-Nigeria helicopter and several Unmanned Aerial Vehicles (UAVs).

He said, “Some of our components were sourced from developed countries in Semi Knock Down (SKD) and Complete Knock Down (CKD) formats. Through engineering and scientific expertise, we are assembling and integrating these components.”

According to Aduagba, the project is currently in its final stage and the test run will take place soon.

“We are now in the final stages, and very soon, we will conduct the first test flight of Nigeria’s first indigenous helicopter,” he said.

February 27, 2025 0 comments
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