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“Tinubu’s Speech to the People of Nigeria Regarding the Nation’s Current Situation”

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Dear compatriots,

Today, I want to engage in a conversation about our nation’s economy. I’ll strive to shed light on the economic policies we’ve set in motion to tackle the longstanding challenges our country has been grappling with.

1. In this discussion, I will avoid confusing economic terms. Instead, I aim to speak transparently and clearly, presenting my vision for a prosperous economy that I hope you will join me in aspiring towards.

2. Over the years, my stance on the need to eradicate fuel subsidies has been unwavering. This previously advantageous measure has outlived its purpose. The trillions of Naira spent annually could be redirected towards sectors such as public transportation, healthcare, education, housing, and national security. But instead, it enriched a select few.

3. This group has accumulated enough wealth and influence to potentially distort our economic and democratic systems. Put simply, Nigeria cannot reach its full potential while such unelected, powerful groups hold sway over our political economy and institutions.

4. Democracy should be about the many, not the few. The people, rather than wealth, must be at the helm of our nation.

5. The previous administration also recognized this issue, failing to provide for subsidies in the 2023 Appropriations beyond June. The removal of this fiscal burden has become necessary.

6. Furthermore, the multiple exchange rate system mutated into a freeway for currency speculation, allowing wealth to be siphoned off by a handful of people merely transferring money. This, too, is a gross injustice.

7. This system has intensified the threat posed by illicit money accumulation to our democracy and economy.

8. I made a commitment to reform the economy by addressing significant imbalances, and terminating subsidies and the preferential exchange rate system are integral to this process. This battle is crucial to our nation’s future.

9. These economic flaws have largely benefited an exclusive elite group. As we strive to correct these defects, those who profit from them will inevitably resist.

10. Our economy is in a tough spot, and this hardship impacts you directly. The rising costs of fuel and food, struggling households and businesses, create an atmosphere of uncertainty. I empathize with you and wish there were easier solutions, but unfortunately, there aren’t. My intent is to support, not harm, the nation I hold dear.

11. What I can pledge immediately is efforts to alleviate the burden our current economic climate imposes, particularly on businesses, workers, and the most vulnerable.

12. The Federal Government is collaborating with state and local governments to implement measures that will alleviate the hardships experienced across socio-economic classes.

13. In line with my campaign promises, I recently signed four Executive Orders to tackle fiscal policies and redundant taxes hampering business growth. These orders, suspending and deferring some taxes, will provide necessary support for the manufacturing sector to flourish and expand.

14. To bolster the manufacturing sector and promote job creation, we will invest N75 billion between July 2023 and March 2024. The goal is to fund 75 promising enterprises, catalyzing economic growth, fostering structural transformation, and enhancing productivity. Each enterprise will have access to N1 Billion credit at 9% per annum, with a 60 months repayment plan for long-term loans and 12 months for working capital.

15. Our administration understands the significant role of micro, small, and medium-sized enterprises and the informal sector in driving economic growth. To that end, we plan to infuse this sector with N125 billion.

17. Out of this budget, we will direct N50 billion as Conditional Grants to one million nano businesses between now and March 2024. We aim to distribute N50,000 each to 1,300 nano business owners in each of the 774 local governments nationwide.

18. The objective is to enhance financial inclusion by integrating beneficiaries into the formal banking system. Similarly, we plan to fund 100,000 MSMEs and start-ups with N75 billion, with each enterprise promoter eligible for between N500,000 to N1million at 9% interest per annum, repayable over 36 months.

19. In our mission to maintain affordability of food items, we have collaborated with various farmer associations and players in the agricultural value chain.

20. In the short term, our priority is to ensure the availability and affordability of staple foods. I’ve ordered the release of 200,000 Metric Tonnes of grains from strategic reserves to households across the country to moderate prices. We’re also providing 225,000 metric tonnes of fertilizer, seedlings, and other inputs to farmers dedicated to our food security agenda.

21. Our commitment to support the cultivation of 500,000 hectares of farmland and promote year-round farming is on track. Specifically, N200 billion of the N500 billion approved by the National Assembly will be allocated as follows:

– N50 billion each to cultivate 150,000 hectares of rice and maize.

– N50 billion each will also be allocated for the cultivation of 100,000 hectares of wheat and cassava.

22. This comprehensive agricultural program is designed for small-holder farmers and will leverage private sector players with a proven track record in agribusiness.

23. We’ll harness the expertise of Development Finance Institutions, commercial banks, and microfinance banks to create a viable and appropriate transaction structure for all stakeholders.

24. As your leader, I pledged to serve you. Your welfare and living conditions are my utmost priority, and they keep me focused day and night.

25. With this in mind, I approved the Infrastructure Support Fund for the States, enabling them to invest in critical sectors, relieve pain points, and overhaul our declining healthcare and educational infrastructure.

26. The fund will also improve rural access roads, facilitating the transportation of farm produce to markets, making our states more competitive, and solidifying their financial capacity to deliver economic prosperity.

27. We are also rolling out buses across the states for affordable mass transit. We have allocated N100 billion for the acquisition of 3000 units of 20-seater CNG-fuelled buses between now and March 2024.

28. The buses will be allocated to major transportation companies in each state, based on the intensity of travel per capita. These companies can access credit under this facility at 9% per annum, repayable over 60 months.

29. Concurrently, we are working with labour unions to introduce a new national minimum wage. To our workers, I assure you, a salary review is on the horizon.

30. Once we agree on the new minimum wage and general pay rise, we will make budget provisions for immediate implementation.

31. I want to commend private employers in the Organised Private Sector who have already implemented general salary reviews for their employees.

32. My fellow Nigerians, this period is tough, but I urge us to look beyond the present hardships and focus on the larger picture. We have good plans in progress, and I am confident in their success.

33. There was an inevitable delay between the removal of subsidy and the full implementation of these plans. But rest assured, we are swiftly bridging that gap. I ask for your faith in our capacity to deliver and your trust in our concern for your well-being.

34. We will overcome this rough patch, and the steps we have taken will position Nigeria to seize future opportunities.

35. In just over two months, we have saved over a trillion Naira that would have been wasted on an unproductive fuel subsidy. This money will now be utilized more directly for the welfare of you and your families.

36. We will fulfill our promise of making education more affordable, providing loans to higher education students in need. No Nigerian student should have to forfeit their education due to financial constraints.

37. Our guiding principle is promoting the greatest good for the greatest number of our people, and we won’t deviate from this.

38. We are also tracking the impact of the exchange rate and inflation on fuel prices, ready to intervene if necessary.

39. My fellow Nigerians, rest assured that we are transitioning from a period of darkness to a glorious dawn.

40. Now, it’s time for me to return to my duties to ensure this vision becomes a reality.

41. Thank you all for your attention, and may God bless the Federal Republic of Nigeria.

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The Most Shocking A/Court ‘Judgment’ in Nigerian History: An unfortunate precedent that should not be allowed to stand

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The last is yet to be heard of wide ranging ex-parte orders as this time around, the charade has moved to the Court of Appeal, Lagos Division. In the case of FBN Quest & Another vs. Nestoil & Others, the Court of Appeal’s ex parte orders are not only egregious but a chilling sign of judicial capture, smacking of dirty practices at best and corruption at worst.

On Thursday, 27th November 2025, at exactly 2:00pm, Justice Yargata Nimpar delivered a ‘ruling ’ that appeared like a thief in the night, a ghost and unscheduled, the said decision came upon a Motion Ex-parte which was not heard not argued in open court, yet it surfaced, fully written, signed, stamped, and delivered as though it had lived a full life on the Court of Appeal docket.

For many Nigerians, the judiciary has again weathered the storms. Veterans of the legal system describe this episode as “a daylight heist… a judicial armed robbery without guns.”

The controversies over wide ranging ex-parte applications, it would seem, has found its way to the Court of appeal, an intermediate court with limited original jurisdiction as donated to it by statute.

In this instance, barely two weeks ago, we reported the ex-parte orders against NESTOIL and the other defendants listed in the suit before the Federal High Court which led to the transfer of the suit to another judge.

The said interim orders were vacated by effluxion of time, being that ex-parte orders last for only 14 days.

The court however ordered parties to maintain status quo and adjourned the Motion on Notice for hearing by the consent of the parties. That Motion is still pending before the Federal High Court.

It would seem that in order to frustrate that pending Motion, the Plaintiffs somehow filed a similar application to the Court of Appeal which was granted an order ex-parte directing the Lower Court not to take any further steps, including determining the pending application filed by Plaintiffs (now Appellants).

This magically resurrected, fast-tracked application seem to have been rubber-stamped at the fictional “Appeal Bench of Shadows,” as insiders have begun calling it.

A CASE THAT NEVER EXISTED — YET RECEIVED A JUDGMENT

Our Judiciary correspondent gathered that when the court’s official list for the day was released, nothing seemed amiss. No controversial cases. No unexpected hearings.

But somewhere inside the dusty chambers of bureaucracy, a secret file was already being prepared and by 2pm, a judgment carrying the signatures of an entire appeal panel had surfaced — even though none of them had appeared in open court and when the case itself had never been argued before any High Court, making an appellate ruling legally impossible.

By evening, whispers had turned into rumblings. Court workers who handled the mysterious document reported unusual instructions: No public sitting; No mention on the court list; No access to case filings; No digital record and No audio recording of proceedings. Yet an order was made retrospectively to undo a completed act! which is yet another impossibility in law, because the exparte order cannot restore what has been already executed.

“It was like dealing with a ghost file,” one clerk said. “It appeared from nowhere and disappeared into official archives as though it had always existed.”

This judgment, once delivered, spread like wildfire, with legal scholars calling it “a constitutional impossibility.” Veterans said they had never seen anything similar since the 1970s.

Enquiries from our judiciary correspondents indicate that an application can only be hinged upon a valid Notice of Appeal against a decision of a lower court before any application can be entertained at the Court of Appeal.

Further Investigations by our judiciary correspondent reveals that no such Notice of Appeal has been filed nor served on the respondents; no parties have been invited to Settle Records and no Records of Appeal have been transmitted.

One wonders the platform or upon which grounds the ex-parte order was made, observed one senior lawyer, especially as a similar pending application filed by the Appellants has been adjourned for Hearing by the Federal High Court.

Furthermore, the case at the trial court before Justice Osiagor has not been heard on its merits, which documents was placed before the appellate court and all applications before the judge has not been heard or is the court of appeal now a trial court.

A JUDICIARY AT A CROSSROADS

Public outrage rose quickly. Lawyers described the situation as “a hijacking of justice by shadowy interests.” Civil society groups demanded explanations.

A Judiciary where justice can be manufactured behind closed doors…a legal system where influence not merit, decides outcomes…and an institution tested by the weight of powerful external forces, et cetera should not be allowed to thrive.

AN ERA-DEFINING SCANDAL

This judgement will stand as one of the most dramatic challenges ever faced by Nigeria’s justice system. The shockwaves has rippled far beyond the courtroom — touching politics, business, security agencies, and public trust.

One thing is clear: This is the kind of judicial earthquake that rewrites history, shakes institutions, and forces a nation to confront the truths it fears the most. Our judicial correspondences were able to get an incline of the ex-parte orders made by the Court of Appeal as follows:

  1. AN ORDER of interim restorative injunction reversing all steps taken by the Respondents and/or persons purporting to act on the instructions of the Respondents and which steps or actions were taken pursuant to the order of the Federal High Court coram Osiagor, J made on the 20th day of November 2025 pending the hearing and determination of the Appellants’ Motion on Notice filed on the 26th day of November 2025.
  2. AN ORDER of interim injunction restraining the Respondents, their agents, servants, affiliates, and privies from interfering with and interrupting the Receiver/Manager in the performance of his duties pending the hearing and determination of the Appellants’ Motion on Notice filed on 26th November 2025.
  3. AN ORDER staying further proceedings at the lower court pending the hearing and determination of the Appellants’ Motion on Notice filed on the 26th November 2025.

A SHOCKING DEPARTURE FROM JUDICIAL NORMS

Therefore, the Lagos Court of Appeal’s decision to grant ex parte orders in FBN Quest & Another vs. Nestoil & Others stunned the legal community as ex-parte rulings are meant for rare emergencies and hardly exercised by appellate courts. By acting without hearing both sides, while the matter was already before the Federal High Court, the Court of Appeal has undermined the principle of natural justice and distorted its own role.

NIGERIAN IMAGE AT RISK

At a time when Nigeria is striving to reposition its global reputation, this case sends the wrong message. It portrays the country as one where courts can be hijacked by private interests, where fairness is discarded, and where corruption lurks behind judicial robes. For investors and international partners, it reinforces damaging stereotypes of weak institutions and compromised justice.

AN URGENT CALL FOR INVESTIGATION

These orders are not just irregular — they are evidence of judicial capture. They must be investigated urgently. The Chief Justice of Nigeria, the National Judicial Council, the President of the Court of Appeal and the Nigerian Bar Association cannot remain silent. If appellate courts become arenas for ex-parte adventures, Nigeria’s justice system risks collapse under the weight of manipulation.

CLOSING NOTE

The Court of Appeal’s conduct in FBN Quest & Another vs. Nestoil & Others is more than a misstep, it is a warning sign of judicial capture. If Nigeria is serious about restoring its image and strengthening democracy, this case must be investigated, accountability enforced, and reforms implemented. Anything less would be an abdication of the judiciary’s sacred duty to uphold justice. We must not allow that to happen.
A very Senior lawyer emphasize that the exparte order of the court of appeal lagos division in Nestoil has the possibility of eroding administrative control of Heads of superior Court from assigning or re assigning matters within their respective courts. Furthermore both the President of the Court of Appeal and the Chief Justice of Nigeria may not have the authority to disband a panel and re- constitute another panel over any matter in their respective courts. This decision is a total anarchy to the judiciary and urgent steps must be taken to vacate the strange Court of appeal exparte order.

The conduct of the court of appeal justices is not excusable anywhere in the world and it’s indeed has brought the court of Appeal justices who constituted the panel to ridicule

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Pius Akutah’s Alleged Fraud at Nigerian Shippers Council Uncovered

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Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.

According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.

Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.

Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.

Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.

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Pius Akutah’s Alleged Fraud at Nigerian Shippers Council Uncovered

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Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.

According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.

Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.

Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.

Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.

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