The Economic and Financial Crimes Commission (EFCC) has directed First Bank Plc to place a Post-No-Debit restriction on the Osun State Government Statutory Allocation Account, effectively freezing the account barely 10 days before the August 15 governorship election in the state. The directive was contained in an official letter dated August 5, 2026, and addressed…
The Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President, Senator Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abbas, to “urgently disclose certified copies of all documents relating to the consideration and approval of the allocation of over ₦1.3 billion (₦1,302,978,784) to the Presidential Foreign Intervention Promotion Council (PFIPC)/Presidential…
Data sourced and analysed from Federal Allocation data shows that the Federal Capital Territory (FCT) received a total of ₦172.91 billion from the Federation Account Allocation Committee (FAAC) between July 2025 and April 2026, with allocations fluctuating significantly during the period before climbing to a record high in April. An analysis of FAAC disbursement figures shows…
Governor Ademola Adeleke of Osun State has called on President Bola Tinubu and the Federal Government to immediately release withheld local government allocations belonging to the state, insisting that there is no legal justification for their continued seizure. In a statement on Tuesday, Adeleke commended the Osun Council of Obas, the Nigerian Bar Association (NBA),…
Following news reports that the Federal Capital Territory (FCT) Minister, Nyesom Wike recently allocated thousands of hectares of choice land worth billions of dollars to at least 1 of his children, the Department of Land Administration of the Federal Capital Territory Administration (FCTA) has issued a query to one of its officers, Hassan Shahru Mairiga,…
By Ayorinde Oluokun/Abuja Rep. Afam Victor Ogene, representing Ogbaru Federal Constituency in the House of Representatives, has categorically denied rumours that he, alongside his other colleagues, embezzled N1 billion meant for their various constituencies, attributing the false claims to malicious blackmailers. The lawmaker made this clarification following widespread rumours circulating within Ogbaru communities, particularly on…
“We remain bullish on consumer discretionary because ek lakh crore ka tax rebate has come into play and that is recurring every. Thereafter, there is EMI burden reduction, thanks to 1% interest rate reduction, and finally somewhere towards 2027 beginning we should see 8th pay commission coming into play putting money in the pockets of…
Kaduna State Governor, Uba Sani, has ordered the revocation of houses and land allocation within a school premises embarked upon by previous government led by former governor Nasir El-Rufai. The government revoked the previous sales of institutional houses and land allocations within Alhuda-huda College, Zaria, Queen Amina College, Kaduna and Government Commercial College, Zaria for…
The Ebonyi State Governor, Francis Nwifuru, approved over N8.2billion for the purchase of luxury vehicles for himself and other government officials between January and September 2024, a copy of the state budget performance report obtained by SaharaReporters has revealed. The report revealed that the purchase was done through the office of the Secretary to…
The Independent Petroleum Producers Group has notified against any move compelling the sale of crude oil to local refineries, including the Dangote Refinery. In a letter addressed to the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, on August 16, 2024. IPPG Chairman Abdulrazak Isa pressed the Nigerian National Petroleum Company (NNPC)…
