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Reps Demand Full Disclosure of FG’s Financial Bailouts to States, LGs Since 2023

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The House of Representatives has asked the Federal Government to provide a detailed account of all financial interventions granted to states and local governments outside the regular monthly allocations from the Federation Account Allocation Committee (FAAC) since 2023.

This followed a motion raised on Tuesday by Hon. Abdussamad Dasuki, who expressed concern over the lack of transparency surrounding several bailout and support packages disbursed by the Federal Government to subnational governments in recent years.

Dasuki noted that while these interventions—ranging from budget support facilities and infrastructure development funds to ecological and emergency relief grants—were designed to stabilize state economies and spur development, there is currently no public record showing how much was disbursed, to whom, and under what terms.

“The absence of a transparent and accessible record of these financial interventions raises legitimate concerns about fiscal accountability and value for money,” he said. “As representatives of the people, it is our duty to ensure proper oversight of public funds and to guarantee that these interventions are used for their intended purposes.”

He stressed that the current opacity makes it difficult for both the legislature and citizens to track the impact of the funds or ensure they align with national development priorities.

Adopting the motion, the House directed the Minister of Finance and the Governor of the Central Bank of Nigeria (CBN) to, within two weeks, submit a detailed report outlining all such interventions since 2023—including the type, amount, date of release, recipient entities, and any conditions attached.

The House also mandated its Committees on Finance, Inter-Governmental Affairs, and Public Accounts to scrutinize the submissions, engage relevant stakeholders, and report back within four weeks for further legislative action.

Lawmakers said the move demonstrates the National Assembly’s renewed commitment to transparency, accountability, and equitable distribution of national resources, stressing that all public funds must deliver measurable benefits to Nigerians.

Reps Move to End Delta–Edo Border Tension, Probe Mosogar ‘Incursion’ into Edo Communities

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The House of Representatives has called for urgent federal intervention to stop what it described as “unwarranted incursions” by the people of Mosogar in Delta State into neighbouring Edo communities, warning that the situation could escalate into a violent interstate conflict if not addressed.

This followed a motion of urgent national importance sponsored by Hon. (Dr.) Billy F. Osawaru, who raised alarm over the repeated attacks on Oben, Ikobi, and Obazogbe-N’Ugu communities in Orhionmwon Local Government Area of Edo State.

Presenting the motion titled “Need to Stop the Unwarranted Incursion by Mosogar Community in Delta State on Oben, Ikobi, and Obazogbe-N’Ugu Communities,” Osawaru said the affected Edo communities had lived peacefully with their Delta neighbours since the creation of both states in 1991, until recent incursions disrupted that harmony.

He alleged that the people of Mosogar, reportedly under the directive of some traditional authorities, had crossed into Edo territory and attacked residents, creating fear and tension.

“This incursion, allegedly carried out under the authority of the Ovie of Mosogar and some undisclosed chiefs, has left the affected communities in fear and could snowball into a full-blown crisis if not urgently addressed,” Osawaru stated.

The lawmaker warned that the continued invasion by hoodlums and thugs from Mosogar threatens lives, property, and the fragile peace in the border area.

Adopting the motion, the House directed its Committees on Special Duties and National Security and Intelligence to investigate the alleged incursion and report back within four weeks.

It also urged the Nigeria Police Force, Nigerian Army, and National Intelligence Agency (NIA) to take immediate steps to restore peace and ensure the protection of residents in the affected communities.

In addition, the House appealed to the Governments of Edo and Delta States to engage in dialogue and expedite resolution of the boundary dispute to forestall further conflict.

Deputy Speaker Rt. Hon. Benjamin Kalu, who presided over the session, referred the matter to the relevant committees for legislative action.

Nigeria Sitting on a Moral Volcano — Elder Oyelese Warns Tinubu, Political Leaders

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Former Minister of Power and Steel, Elder Wole Oyelese, has warned that Nigeria is edging dangerously close to a national implosion as corruption festers, morality declines, and the masses continue to suffer in silence.

In a strongly worded statement on Tuesday, the elder statesman and chieftain of the Peoples Democratic Party (PDP) said the country is “sitting on a moral volcano,” cautioning that if leaders fail to act decisively, public anger could soon erupt.

“Each act of injustice, every looted fund, and every display of indifference to the suffering of the people adds heat to that volcano,” Oyelese declared. “When leadership loses its conscience, the governed will eventually rise—not out of disloyalty, but because they can no longer breathe.”

He decried the trend of shielding corrupt officials and quietly writing off stolen billions while millions of Nigerians go hungry. According to him, “Nothing threatens a nation more than when thieves become kings and the law becomes their protector.”

Oyelese urged President Bola Tinubu to “step on toes, no matter how large,” and confront entrenched corruption with courage, warning that Nigeria “cannot survive on selective courage.”

He also criticised state governors for what he described as the “emperorship mentality” that has overtaken public office, arguing that with huge monthly allocations, no governor has the moral right to shift blame to Abuja for poor governance.

“The people are hungry and angry, but not foolish,” he cautioned. “Their silence must not be mistaken for consent or cowardice.”

The former minister called for genuine social intervention and full local government autonomy to restore development at the grassroots. He maintained that President Tinubu must “do the needful” to ensure administrative and financial independence for local councils.

“Local Government Autonomy is not a constitutional ornament—it is the lifeline of democracy,” Oyelese said. “When councils are free to function, development breathes again, and hope returns to the villages and towns.”

He urged political leaders to recover the moral compass of leadership before it is too late, warning that “those who sit atop the mountain of privilege must remember that when the base erupts, it swallows the peak.”

“The poor do not want revenge; they want relief,” he concluded. “Let us heal this nation before frustration turns to fury. True social intervention begins with a morality-fueled conscience.”

Reps Probe $4.6bn Global Fund, USAID Health Grants Over Poor Disease Outcomes

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The House of Representatives has launched an investigation into the management of more than $4.6 billion in international health grants received by Nigeria from the Global Fund and the United States Agency for International Development (USAID) between 2021 and 2025.

The funds, meant to fight HIV/AIDS, tuberculosis (TB), malaria, and polio, as well as strengthen health systems, have come under scrutiny following concerns about poor health outcomes despite huge donor support.

The resolution followed a motion moved on Tuesday by Hon. Amobi Godwin Ogah, who decried the lack of transparency and accountability in the handling of the funds, warning that billions of dollars in aid have failed to yield visible impact.

Ogah revealed that Nigeria received about $1.8 billion from the Global Fund between 2021 and 2024 to support disease control and implement the Resilient and Sustainable Systems for Health (RSSH) project, while USAID provided over $2.8 billion within the same period.

He noted that the U.S. government, through the President’s Emergency Plan for AIDS Relief (PEPFAR), has contributed more than $6 billion to Nigeria’s HIV/AIDS response since inception, yet the country remains among the worst-hit globally.

According to him, Nigeria recorded 51,000 AIDS-related deaths in 2023 15,000 of them children under 14 and still accounts for 26.6 percent of global malaria cases, 31 percent of malaria deaths, and ranks first in Africa for TB burden.

“These figures are troubling,” Ogah said. “Despite the billions of dollars in international aid, Nigeria continues to lose lives to preventable diseases. It is imperative that we evaluate how these funds are being utilized.”

Following debate, the House mandated its Committee on HIV/AIDS, Tuberculosis, and Malaria Control to investigate the disbursement and utilization of the funds from 2021 to 2025 and report back within four weeks.

Lawmakers stressed that effective oversight of donor funds is vital to ensuring transparency, accountability, and measurable impact in Nigeria’s health sector, especially in line with the United Nations’ Sustainable Development Goal of ending HIV, TB, and malaria by 2030.

ADC to Tinubu: Address Nigerians, Stop Politicising Alleged Coup Plot

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The African Democratic Congress (ADC) has urged President Bola Ahmed Tinubu’s administration to openly brief Nigerians on the alleged coup plot making headlines across the country, warning against using the issue as a political tool to intimidate opposition figures.

In a statement issued on Monday by its National Publicity Secretary, Mallam Bolaji Abdullahi, the party said while it strongly condemns any attempt to subvert Nigeria’s democratic order, the government must not exploit the situation to justify surveillance, harassment, or political persecution.

“While we vehemently oppose any effort to undermine Nigeria’s constitutional order, we are equally concerned about the potential misuse of such allegations to justify political witch-hunts, suppress dissent, or manipulate public sentiment,” the statement read.

The ADC expressed concern over reports linking some detained military officers to a purported coup plot and allegations that a former southern governor is being investigated for allegedly funding the suspects.

It faulted what it called “conflicting signals” from government sources, noting that while some media reports suggested a coup investigation, the Defence Headquarters had denied confirming such claims.

“Such inconsistency raises serious fears that the coup narrative may have been politically engineered,” the party stated, accusing the government of allowing the story to fester as a distraction from pressing governance challenges.

“The government appears to be using the coup story to divert attention from national issues and to justify surveillance or clampdowns on opposition figures,” the ADC alleged.

The party urged the federal government to either “decisively quash the swirling rumours” or brief Nigerians if there is any credible threat to national security, insisting that transparency and accountability remain vital in a democracy.

Reaffirming its commitment to democratic values, the ADC warned that national security must never be weaponised for political gain.

“We support all lawful measures to defend democracy, but we reject any ploy to intimidate citizens under the guise of national security,” the statement added.

Osinbajo Leads ECOWAS Election Mission to Côte d’Ivoire

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Former Vice President of Nigeria, Professor Yemi Osinbajo, has arrived in Abidjan, Côte d’Ivoire, to lead the ECOWAS Election Observation Mission ahead of the country’s October 25 presidential election.

According to a statement issued by ECOWAS on Tuesday, the deployment underscores the regional bloc’s commitment to democracy, peace, and stability across West Africa, in line with the 2001 Additional Protocol on Democracy and Good Governance.

Osinbajo, who served as Nigeria’s Vice President from 2015 to 2023, heads a 187-member ECOWAS team comprising 150 short-term observers, 22 youth observers, and 15 long-term experts monitoring pre-election, election-day, and post-election developments.

He is supported by Baboucarr Blaise Ismaïla Jagne, former Minister of Foreign Affairs of The Gambia, and Mahamat Saleh Annadif, former Foreign Minister of Chad. In addition, 66 African Union observers have joined the mission.

Upon arrival, Osinbajo was received by Ambassador Abdel-Fatau Musah, ECOWAS Commissioner for Political Affairs, Peace, and Security, and Fanta Cissé, the ECOWAS Resident Representative in Côte d’Ivoire.

Speaking shortly after his arrival, Osinbajo expressed optimism that the Ivorian election would be peaceful, credible, and transparent, conducted in accordance with international standards.

“It is an honour to lead this mission to such a peaceful and welcoming country. We are hopeful that the process will strengthen democracy in Côte d’Ivoire and set an example for the region,” Osinbajo said.

The presidential election, set for October 25, 2025, will see President Alassane Ouattara, 83, seeking a fourth term in office, in what is expected to be one of West Africa’s most closely watched elections.

Teenager Takes Over as Nigeria’s ‘Vice President for a Day,’ Champions Girl-Child Education

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A Nigerian teenager, Joy Ogah, on Monday symbolically stepped into the role of Vice President Kashim Shettima for a day using the rare platform to call for stronger government action on girl-child education and protection.

The symbolic handover took place during a meeting between Vice President Shettima and a delegation from PLAN International, led by Helen Mfonobong Idiong, Director of Programme, Quality and Innovation.

From the Vice President’s chair, Ogah decried the growing number of out-of-school children in Nigeria over 10.5 million, with girls making up more than 60 percent urging policymakers to invest in safe, inclusive, and equitable education.

“We must invest in education that is safe and inclusive for every child in Nigeria. When girls are protected, peace becomes possible,” she said.
“I may be Vice President for a day, but the struggles I represent cannot end in a day. They must continue in our policies, classrooms, and budgets.”

Ogah also called for free sanitary products, access to clean water, and better nutrition in schools to ensure girls can learn with dignity.

Vice President Shettima commended Ogah’s courage and reaffirmed the Tinubu administration’s commitment to advancing girl-child education and gender equality.

“In President Bola Tinubu, you have an ally you can trust. We will continue to work with PLAN International to strengthen girl-child education and inclusive learning across the country,” Shettima assured.

The initiative, part of PLAN International’s “Girls Take Over” campaign, aims to amplify young girls’ voices in leadership and policy spaces, promoting their rights to education, equality, and empowerment.

NELFUND Opens Student Loan Portal for 2025/2026 Academic Session

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The Nigerian Education Loan Fund (NELFUND) has announced the official opening of its student loan application portal for the 2025/2026 academic session, offering financial support to students in tertiary institutions nationwide.

According to a statement issued on Tuesday by NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi, the application window will be open from Thursday, October 23, 2025, to Saturday, January 31, 2026.

Fresh students are advised to apply using their Admission Number or JAMB Registration Number in place of a matriculation number.

NELFUND also appealed to tertiary institutions to show flexibility with registration and school fee deadlines for students awaiting loan disbursement.

“Institutional authorities are encouraged to allow temporary registration measures for students whose loan applications are being processed, to ensure that no student loses access to education due to financial constraints,” the statement said.

It further urged institutions that have not yet commenced their 2025/2026 academic session to formally notify NELFUND with their approved academic calendar to enable proper scheduling and coordination.

The student loan scheme is part of the Federal Government’s commitment to making higher education accessible to all Nigerians, regardless of financial background.

Nigeria’s Bank Credit Falls 12.8% to ₦98.97trn — CBN Report

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Nigeria’s net domestic credit (NDC) dropped by 12.8% year-on-year to ₦98.97 trillion in August 2025, according to the latest data from the Central Bank of Nigeria (CBN).

The figure reflects a slowdown in both public and private sector lending, attributed by analysts to monetary policy easing and a gradual decline in inflation.

Data from the CBN show that as of August, credit to the government stood at ₦23.13 trillion, while private sector credit amounted to ₦75.84 trillion, bringing total domestic credit to ₦98.97 trillion. In August 2024, total credit stood at ₦113.46 trillion, with government credit at ₦39.39 trillion and private sector credit at ₦74.07 trillion.

Economic analysts say the contraction mirrors cautious lending by banks amid economic headwinds.

Dr. Muda Yusuf, Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), described the decline as an expected outcome of policy adjustment but urged fiscal authorities to complement monetary reforms with structural measures.

“Reducing the Monetary Policy Rate (MPR) and Cash Reserve Ratio (CRR) should expand banks’ lending capacity and stimulate growth,” Yusuf said. “However, fiscal authorities must also invest in infrastructure and regulatory efficiency to sustain macroeconomic stability.”

Similarly, David Adonri, Executive Vice Chairman of HighCap Securities Limited, expressed concern that reduced credit growth could limit business funding amid ongoing inflation and foreign exchange pressures.

“Businesses are already struggling with weak consumer demand and rising costs. A further credit squeeze could slow production and job creation,” he warned.

Experts also noted that Nigeria’s monetary easing aligns with a broader African trend as several countries, including Ghana and Kenya, recently cut policy rates to stimulate growth following a decline in inflation.

Despite the easing, Nigeria’s MPR remains among the highest in Africa, underscoring the CBN’s cautious approach in balancing inflation control with economic expansion.

I’m Still in Labour Party, Not Joining APC — Gov. Otti Declares

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Abia State Governor, Dr. Alex Otti, has dismissed reports claiming he has defected from the Labour Party (LP) to the All Progressives Congress (APC), describing the rumours as baseless and politically motivated.

In a statement issued on Monday, the state’s Commissioner for Information, Prince Okey Kanu, said the report circulating on social media was the handiwork of political propagandists unsettled by Otti’s growing popularity and record of good governance.

“Governor Alex Otti remains a committed and proud member of the Labour Party, the platform under which the good people of Abia overwhelmingly elected him,” Kanu said. “His focus remains on rebuilding Abia, restoring accountability, and delivering the dividends of democracy to every citizen.”

He described the defection rumour as a desperate attempt to distract the public and sow confusion, noting that the governor had only last week reaffirmed his loyalty to the Labour Party during the October edition of ‘Governor Alex Otti Speaks to Abians.’

“The Governor made it clear that his interest is not in political permutations or defections, but in service to humanity and the transformation of Abia State. To him, leadership is about impact, not convenience,” the statement added.

Kanu said Otti’s administration continues to champion transparency, fiscal discipline, infrastructure renewal, youth empowerment, and economic growth values that align with the ideals of the Labour Party.

He urged the public to disregard the rumour and remain focused on the progress being made across the state.

“Governor Otti remains resolute in his mission to build a new Abia where truth, justice, and equity prevail under the banner of the Labour Party,” the Commissioner affirmed.