Author: Staff Editor
The Federal Government has increased its planned borrowing for the 2026 fiscal year to ₦29.2 trillion, up by ₦11.31 trillion from earlier estimates, as lawmakers finalise the 2026 Appropriation Bill. The upward revision is tied to a wider fiscal deficit emerging from the latest budget framework. Total government expenditure for 2026 is now projected at approximately ₦68.32 trillion, while expected revenues stand at about ₦36.87 trillion, creating a significant gap that will be largely financed through borrowing. The new borrowing plan was outlined in the Appropriation Bill approved by the National Assembly and detailed in the House of Representatives’ Order…
President Bola Tinubu has approved a ₦3.3 trillion payment plan aimed at settling long-standing debts in Nigeria’s power sector, in a move expected to improve electricity supply and restore investor confidence. The development was disclosed in a statement issued on Sunday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. According to the statement, the approval followed a final review of legacy debts accumulated under the Presidential Power Sector Financial Reforms Programme over 10 years, spanning February 2015 to March 2025. “Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has felicitated Christians across the country on the celebration of Easter and expressed strong hope that Nigeria will break the yoke of corruption, stressing that “we are not defined by corruption; we cannot be defeated by it.” He disclosed this in Abuja on Saturday, April 4, 2026, in his Easter message to the nation. The EFCC boss charged Nigerians to imbibe the lessons of Easter, which centre on victory over trials, corruption, and death, stressing that these lessons are instructive for the nation. “The lesson of…
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Udoma David Ekeh, a TikTok user, for spreading false information about the Commission and its officers. Ekeh, in December 2025, alerted the public that some operatives of the Ilorin Zonal Directorate of the Commission had been kidnapped by bandits while on assignment at a location in Kwara State. He also alleged that the bandits demanded a huge ransom from the EFCC before releasing the purported officers. All his claims were fabricated, including his use of a TikTok account to incite and misinform the public about the Commission’s relentless efforts…
The Lagos State Government has announced temporary road closures across parts of Lagos Island in preparation for the annual Lagos Fanti Carnival, scheduled for Monday. In a statement released on Friday, the Lagos State Ministry of Tourism, Arts and Culture said the restrictions will take effect from 7:00 a.m. to ensure a smooth, secure, and well-coordinated carnival procession. Affected routes include King George V Road near Mobil Filling Station; Onikan Roundabout inbound to TBS; Flagstaff House inbound to TBS; Outer Marina by State House inbound to TBS; Campbell Street near the Old Defence Building; and Catholic Mission Street by St.…
The Economic and Financial Crimes Commission (EFCC), on Thursday, urged the Federal High Court in Abuja to order the permanent forfeiture of 57 properties allegedly linked to a former Attorney General of the Federation and Minister of Justice, Abubakar Malami, to the Federal Government. The anti-graft agency, in a motion on notice filed by its legal team led by Jibrin Okutepa (SAN) and Ekele Iheanacho (SAN), told Justice Joyce Abdulmalik that the respondents failed to present sufficient material before the court to justify setting aside the interim forfeiture order earlier granted. The motion, marked FHC/ABJ/CS/20/2026, listed Malami, Hajiya Bashir Asabe,…
The Nigerian Forest Security Service (NFSS) has sought collaboration with the Economic and Financial Crimes Commission (EFCC) in the fight against corruption, as well as economic and financial crimes in the country. The request was made on Thursday, April 2, 2026, when the NFSS Commander-General, Adewole Joshua Osatimehin, led a delegation of his management team on a courtesy visit to the EFCC’s Executive Chairman, Ola Olukoyede, at the Commission’s corporate headquarters in Jabi, Abuja. Speaking during the visit, Osatimehin commended Olukoyede’s leadership for its strides in tackling corruption, especially in bringing highly placed individuals to justice. “We are here today…
President Bola Tinubu has consoled residents and families of victims of Sunday’s deadly attack in Jos, Plateau State, which left at least 28 people dead and 22 others injured, assuring them that such an incident will not recur. He gave the assurance during his visit to Jos on Thursday, where he interacted with government officials, traditional leaders, and affected families, among others. “To the victims, there is nothing I can give you, whether in billions of naira, but I can console you and promise that this experience will not repeat itself,” Tinubu said. Speaking directly to the woman seen holding…
The Federal Government has officially declared Friday, April 3, and Monday, April 6, 2026, as public holidays to commemorate this year’s Easter celebration. The announcement was made by the Minister of Interior, Dr. Olubunmi Tunji-Ojo, on behalf of the Federal Government. In a statement issued on Wednesday in Abuja and signed by the Permanent Secretary of the Ministry, Dr. Magdalene Ajani, the Minister extended Easter greetings to Christians across Nigeria and in the diaspora. Dr. Tunji-Ojo urged Nigerians to reflect on and embrace the core values of selflessness, forgiveness, forbearance, and love, as demonstrated in the life and teachings of…
Justice Dehinde Dipeolu, sitting at the Federal High Court in Ikoyi, Lagos, on Wednesday ordered the appearance of 16 alleged contemnors, including top officials of Stanbic IBTC Bank Plc, over the alleged disobedience of court orders in a high-stakes banking dispute involving Guaranty Trust Bank Plc. The order was made during proceedings in Suit No: FHC/L/CS/1738/2024, filed by Guaranty Trust Bank Plc against GY Farmers Ltd and other defendants. At the resumed hearing on April 1, 2026, counsel to the plaintiff, A.B. Ogunba, SAN, informed the court of a pending motion for contempt dated March 27, 2026. He urged the…