Uncategorized
Buhari’s Legacy Under Scrutiny as Emefiele, Former Ministers Face N3.5tr Graft Probes
By: Fabian Apechihin
The legacy of former President Muhammadu Buhari is facing renewed scrutiny as several senior officials from his administration are investigated or prosecuted over alleged corruption estimated at about ₦3.47 trillion.
The unfolding cases, coming against the backdrop of Nigeria’s heavy debt burden accumulated during Buhari’s eight years in office, have reignited debates over accountability, selective justice, and the long-term cost of governance failures.
At the centre of the investigations are former ministers and top officials seen as close allies of the ex-president and prominent figures within the ruling All Progressives Congress (APC). The Economic and Financial Crimes Commission (EFCC) is probing former Minister of Labour, Chris Ngige, over an alleged ₦2.2 billion fraud. Former Minister of State for Petroleum Resources, Timipre Sylva, was declared wanted in November over an alleged ₦21.4 billion fraud, while former Aviation Minister and close associate of Buhari, Hadi Sirika, is facing charges related to an alleged ₦2.7 billion aviation contract scam.
The most extensive allegations involve former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. The EFCC has accused him of arbitrarily allocating ₦3 trillion in foreign exchange—about $2 billion—without competitive bidding or due process, allegedly benefiting associates. Investigators also claim he operated 593 bank accounts across multiple countries, illegally acquired a 753-unit housing estate in Abuja, and mismanaged more than ₦16 billion.
Court documents further allege that between 2019 and 2022, Emefiele warehoused funds through proxy accounts linked to Kelvito Integrated Services, amounting to over ₦6.3 billion across four years.
Experts say the scale of the alleged looting is particularly troubling given that much of the money involved was borrowed. Governance and public finance expert, Prof. Chiwuike Uba, warned that misappropriating borrowed funds worsens hardship for ordinary Nigerians.
“Citizens are already paying through higher taxes, inflation and declining public services,” Uba said, adding that future generations would bear the burden through debt repayments that crowd out spending on health, education and infrastructure.
Uba noted that despite gains from fuel subsidy removal, higher tax revenues and foreign exchange reforms, borrowing by federal and state governments continues to rise, with little visible improvement in public services.
Former CIBN president, Prof. Segun Ajibola, criticised what he described as misplaced priorities by anti-corruption agencies, urging them to focus on large-scale fraud rather than minor offences. He called for tougher laws, citing China’s zero-tolerance approach to corruption.
“Corruption is especially tragic in a country grappling with poverty,” Ajibola said, noting that many who once posed as reformists often fail when entrusted with power.
Similarly, Prof. Godwin Oyedokun described the allegations as “deeply troubling,” stressing that corruption in loan-funded projects leaves future generations repaying debts without corresponding development. He argued that Nigeria’s anti-corruption drive remains reactive and selective, often gaining momentum only after officials leave office.
Legal practitioner Ameh Madaki was more critical, accusing the EFCC of selective prosecution and staging “media trials” that rarely lead to convictions.
“Nigerians are no longer excited by such cases because many simply fade away,” he said.
Experts agree that Nigeria must move beyond post-administration probes to a preventive system anchored on strong public financial management, transparent procurement, real-time auditing of borrowed funds, and genuinely independent oversight institutions.
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PDP accuses KWSG of complicity in banditry, urges probe
- As govt refutes allegation, says no govt has power to arm anyone with AK-47
Stephen Olufemi Oni, Ilorin
The Kwara State Peoples Democratic Party (PDP) has accused the state government of complicity in the spate of kidnappings and banditry in the state.
The opposition party specifically hinged its allegation on a viral video of the confession of arrested bandits in far away Edo State.
The suspects had alleged that officials and agents of the state government supplied them with arms to carry out attacks in parts of the state.
Addressing reporters in Ilorin, the state capital, on Monday, the PDP Chairman, Isa Adamu, said: “We are deeply disturbed by the widely circulated video and reports of arrested criminal bandits apprehended by men of the Nigerian Army in far away Auchi, Edo State.
In the said video, the criminal suspects categorically alleged that officials of the Kwara State Government supplied them with AK-47 rifles and a government-crested operational vehicle for their criminal activities.
“This video evidence without any iota of doubt clearly indicates that the Governor of Kwara state, Mallam AbdulRahman AbdulRazaq and many of his agents, including local government chairmen, have a lot on their sleeves about criminal banditry, terrorism, and other deadly attacks that have ravaged communities in Kwara North and Kwara South for quite some time.
“This development places an enormous burden of explanation squarely on the doorstep of Governor AbdulRahman AbdulRazaq, who is not only the Chief Executive of the state but also constitutionally the Chief Security Officer of Kwara State.
“This is a direct allegation of state-sponsored criminality that must not be swept under the carpet. We therefore call on the President of the Federal Republic of Nigeria to treat the situation in Kwara State as a matter of urgent national concern.
“A comprehensive federal investigation must be carried out into the confessions of the arrested criminals, particularly their claims that the Abdulrahman Abdulrazaq–led Kwara State Government sponsored and supported their criminal activities.
“In the interest of justice, morality, and public safety, it is reasonable to demand the declaration of a state of emergency in Kwara State, including the suspension of the Governor, to enable an independent, transparent, and interference-free investigation into these allegations.
“We further urge the Office of the National Security Adviser to immediately advise all Service Chiefs and security agencies to suspend any official engagements or interfaces with Governor Abdulrahman Abdulrazaq or his representatives pending the conclusion of these investigations, as he can no longer be trusted with sensitive security details.
However, the state government had earlier debunked the allegation, adding that “no State Government has the power to arm anyone with AK-47.”
A statement by the Commissioner for Communication, Bolanle Olukoju, said: “Neither did the individuals mention that Kwara State Government gave them any weapon.
“The Ifelodun Local Government Authority, for its part, has clarified that the security van was given to the vigilantes initially deployed in Ifelodun to strengthen existing security. These vigilantes have since left Ifelodun.
“However, the LGA had repeatedly complained to relevant authorities that its van was not returned to its pool.
“To win the war against banditry and other violent crimes, we urge enhanced interagency coordination, intelligence sharing, and cooperation amongst the security agencies.
“As the security forces are probing the development, we urge people, especially online media platforms and bloggers, to avoid biased assimilation of information or misrepresenting things, because such behaviour poses existential threat to human life and public peace.”
End
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Senate kicks against multiple budgets in a fiscal year
.. tasks FIRS N35trillion revenue in 2026
.. As FG laments N30trillion shortfalls from N40trillion targeted revenue for 2025
The Senate Monday through its committee on Finance , expressed displeasure with multiple budgets implementation in a fiscal year by the federal government as experienced in 2025 .
It consequently tasked the Federal Inland Revenue Service ( FIRS) , to increase its projected revenue target for 2026 from N31trillion to N35trillion even as the federal government lamented shortfalls of N30trillion from N40trillion revenue target for 2025 .
Displeasure of Senators on multiple budgets implementations in a fiscal year , came to the fore during interactive session the Finance Committee , Chaired by Senator Sani Musa ( Niger East), had with leading Managers of the Nation’s economy on the 2026 – 2028 Medium Term Expenditure Framework ( MTEF) and Fiscal Strategy Paoer ( FSP) .
The Minister of Finance and Coordinating Minister of the Economy , Wale Edun , had in his contextual explanations on projections for 2026 budget and implementation of the 2024 and 2025 budgets , informed the committee that while revenues for 2024 budget have been met, that of 2025 have not been met .
” Funding for the capital components of the 2024 budget have been met through realization of the total projection of N26trillion revenue but that of 2025 have not been met .
” Out of projected N40trillion revenue for 2025 fiscal year , only N10trillion have been realized, leaving a shortfall of N30trillion and consequently , making the federal government roll over 70% of capital projects captured in 2025 fiscal year to 2026 “, he said .
Worried by the submission , some members of the committee like Senators Danjuma Goje ( Gombe Central ) , Olalere Oyewumi ( Osun West) , Victor Umeh ( Anambra Central ) , Aminu Iya Abbas ( Adamawa Central ) etc , expressed displeasure with multiple budget implementations in a fiscal year .
Specifically , Senator Goje in his remarks said the practice of implementing multiple budgets in a single year is unacceptable to Nigerians .
” This ugly situation we found ourselves on multiple budget implementations should please end by this year . It is not acceptable. Things must be normalized from next year “, he said .
Senator Oyelere in his comment told the Minister that since budgetary proposals were not given to the government by the governed , government should please present realizable proposals to avoid non – implementations which usually dove tailed into multiple implementations in subsequent years .
Senator Victor Umeh and Ireti Kingibe in their remarks , wondered why the federal government did not fill the missing gaps in revenue targets , with borrowings approved for it from time to time by the Senate and by extension, the National Assembly .
Senator Sani Musa in his capacity as Chairman, however came to the rescue of the Minister by assuring his colleagues and by extension, Nigerians that the required normalization in budget projections and implementation shall be done from 2026 .
He added that 3 – man ad – hoc committee shall be set up by the committee to laise with the Minister and the Accountant – General of the Federation on payment of local contractors for projects executed in 2024 before expiration of the budget on 31st of this month.
For FIRS , Senator Sani Musa tasked its Chairman, Zacch Adedeji , to work towards realizing N35trillion as target revenue for 2026 fiscal year and not the earlier projected N31trillion mentioned by the Chairman.
The FIRS boss had in making the projection said the agency under him, realized N20.2trillion revenue in 2024 and N25.2trillion in 2025 .
He however said that the huge revenue being realized by FIRS and other agencies like Customs , are being swallowed and made insufficient by multiple budget implementations in a fiscal year.
The Minister of Budget and Economic Planning , Senator Atiku Bagudu and Minister of State ( Petroleum ) , Senator Heineken Lokpobiri in their submissions , defended the parameters set for the N54. 4trillion 2026 budget .
The parameters are 1.84million oil production per day , $64.85 oil price benchmark , N1, 512.00 to 1USD as exchange rate etc .
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Encroachment: Gov AbdulRazaq approves perimeter fencing of Kwarapoly
Stephen Olufemi Oni, Ilorin
Kwara State Governor AbdulRahman AbdulRazaq has approved the construction of the perimeter fencing of the Kwara State Polytechnic to put a permanent end to encroachment on the institution’s vast land.
This was disclosed by the Polytechnic Rector, Engr. Dr. Abdul Jimoh, on Monday at a media parley organised by the Department of Strategic Communication and Media Studies of the Polytechnic.
The Rector lauded Governor AbdulRazaq for the unwavering support the Polytechnic has contacted to enjoy from the state government, pledging the unalloyed support of the Polytechnic to his administration.
The Guest Speaker at the event,
Counselor and Senior Adviser to the Governor, Mallam Saadu Salahu, noted that the Polytechnic has emerged from years of neglect to become a modern institution ready for the digital age under Governor AbdulRahman AbdulRazaq’s leadership.while highlighting the transformation of the institution. He, however, described the current efforts of the state government as “redefining the future of the Polytechnic through purposeful governance.
He recalled that the Polytechnic, established in 1971 by the then Military Governor, Colonel David Bamigboye (rtd) of blessed memory, was intended to provide technical and entrepreneurial skills to indigenes of the state. However, before 2019, the institution faced severe challenges including decaying infrastructure, poor funding, and low staff morale. “The Polytechnic was like a vehicle with deflated tyres and a knocked engine,” Salahu said.
According to him, the AbdulRazaq administration has placed education at the centre of its development agenda. “Salaries are now paid promptly, staff welfare has improved, and billions of naira have been invested in sustainable development rather than temporary fixes,” he stated.
Salahu noted that over 600 schools have been constructed or renovated across the 193 wards of the state, alongside the establishment of a University of Education to strengthen teacher training. He also highlighted innovations such as the KwaraLEARN initiative, smart schools, and investments in digital literacy and artificial intelligence as avenues preparing the state’s youths for the global digital economy. “These are deliberate policies to mainstream our young people into the future,” he said.
“KWARAPOLY is now more affordable, safer, and more conducive for learning. Staff morale has improved, and the institution is reclaiming its place as an incubator of technical and academic excellence,” Salahu said.
He also celebrated the global achievements of the Polytechnic’s alumni, including Professor J.O. Amupitan (SAN), Chairman of the Independent National Electoral Commission, Mrs. Maryam Masud Oniye, a UN-recognised Green Innovator, and Daudu Olabode, an internationally recognised student content creator. He described KWARAPOLY as “a breeding ground for talent across creative industries, public service, business, and media.”
Addressing students of Strategic Communication and Media Studies, Salahu urged them to uphold professionalism and ethical conduct, emphasizing their role in shaping public perception. “You are definers of reality. What people wear, drive, buy, and even who wins elections are largely influenced by strategic communication,” he said. He further advised students to avoid cultism, cybercrime, and drug abuse to safeguard their future careers.
Salahu called on alumni to support the Polytechnic through investments in infrastructure and digital advancement, adding that sustained backing is essential for the institution’s transformation. “The journey we have started is not an endpoint. It is a foundation,” he said. He expressed optimism that KWARAPOLY’s elevation to a University of Technology is now within reach.
Also speaking, the Commissioner for Higher Education, Hajia Sa’adatu Modibbo-Kawu, represented by the Director of Special Services, Mrs. Rodihat Yahaya, praised the initiative for equipping students for greater opportunities and commended their contributions to the institution’s development.
Dr. Ghali Alaya, Chairman of the occasion and former Non-Executive Director of NNPC, commended the Polytechnic’s management for safeguarding its facilities and urged students to leverage their education for a purposeful life.
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