Uncategorized
Reps Approve Tinubu’s $2.34bn Loan Request, Back EFCC Power to Seize Assets Without Conviction
By: Fabian Apechihin
The House of Representatives on Wednesday approved President Bola Tinubu’s request to secure $2.347 billion from the international capital market to part-finance the 2025 budget deficit and refinance maturing Eurobonds.
The decision followed the adoption of a report presented by Abubakar Hassan Nalaraba, chairman of the House Committee on Aids, Loans, and Debt Management, during plenary presided over by Speaker Tajudeen Abbas.
According to the committee’s report, the borrowing plan includes $1.23 billion to help fund the 2025 budget deficit and $1.12 billion to refinance Nigeria’s Eurobond maturing in November 2025. The approval authorises the Federal Government to implement the borrowing component of the 2025 Appropriation Act—equivalent to ₦1.84 trillion at the budget exchange rate of ₦1,500 to a dollar.
Lawmakers also granted permission for the government to access the funds through Eurobond issuance, loan syndication, bridge financing, or direct borrowing from international financial institutions.
In addition, the House endorsed Tinubu’s plan to issue Nigeria’s first-ever Sovereign Sukuk—up to $500 million—in the international capital market, with or without a credit guarantee.
EFCC Gets Boost to Seize Assets Without Conviction
The House also passed for second reading a bill seeking to amend the Money Laundering (Prevention and Prohibition) Act, 2022, to empower the Economic and Financial Crimes Commission (EFCC) and other anti-graft agencies to confiscate assets linked to unexplained wealth even without criminal conviction.
The proposed legislation, sponsored by Yusuf Adamu Gagdi, aims to strengthen Nigeria’s anti-corruption framework through civil forfeiture, allowing the recovery of assets whose lawful sources cannot be proven.
Leading debate on the bill, Gagdi described corruption and illicit financial flows as one of Nigeria’s “most defining governance challenges.”
He lamented that, under the current law, anti-graft agencies face high evidential hurdles that often delay the recovery of stolen assets.
“This bill introduces a civil recovery mechanism that allows non-conviction-based forfeiture of unexplained wealth,” Gagdi explained.
“The current Act requires criminal prosecution before assets can be seized, which makes recovery slow and ineffective.”
If passed into law, the bill will mark a major shift in Nigeria’s anti-corruption strategy, giving agencies like the EFCC greater powers to trace and recover illicit assets without waiting for lengthy court convictions.
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Niger Delta Ex-Agitators Back Tinubu’s Re-election, Cite Amnesty Programme Expansion
A coalition of former agitators from the Niger Delta region has passed a vote of confidence in President Bola Ahmed Tinubu and formally endorsed his re-election ahead of the 2027 general elections, citing tangible progress under his administration’s Renewed Hope Agenda.
The Coalition of Niger Delta Ex-Agitators for Good Governance, in a position statement issued on Monday, said it unanimously supports the president’s second-term bid, pointing to the expansion of the Presidential Amnesty Programme as a key indicator of inclusive governance.
The coalition noted that the programme, under the leadership of Administrator Chief Dr. Dennis Otuaro, PhD, has been broadened to accommodate previously undocumented, crisis-impacted, and uneducated ex-agitators who had been excluded under prior administrations.
According to the statement, over 10,000 youths have been deployed domestically for educational advancement since Otuaro assumed office, while more than 200 others have been sponsored for specialised studies abroad in fields including engineering, healthcare, and artificial intelligence.
The group also commended National Security Adviser Malam Nuhu Ribadu for his backing of Otuaro’s initiatives , describing the collaboration as instrumental to the relative peace now observed across the region.
“Peace has significantly improved across the Niger Delta region,” the coalition stated, crediting Otuaro’s approach of dialogue, stakeholder engagement, and reconciliation for the shift in the security climate.
While acknowledging that challenges including socio-economic inequality and youth unemployment persist, the coalition said the current administration’s investments in skills acquisition, formal education, and job creation represent a departure from the neglect of previous years.
The group called on all stakeholders across the Niger Delta to unite behind President Tinubu, arguing that continuity in leadership would be critical to sustaining ongoing programmes and advancing what it described as transformative development for the region.
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UNCERTAINTIES OVER PARTY PRIMARIES
☆☆☆ As Parties Narrow Down on Candidates.
By: Special Correspondent.
With the deadline for the submission of candidates for the 2027 general elections approaches, a gale of endorsements sweeping across several states has triggered growing disquiet within political parties, with aggrieved aspirants, stakeholders and supporters raising fresh concerns over alleged imposition of candidates and the steady erosion of internal democracy.
By Hassan Taiye
Across both the ruling and opposition parties, influential political figures, governors, party leaders and interest groups have intensified endorsements of preferred aspirants for governorship, senatorial, House of Representatives and state assembly positions, often ahead of formal primaries.
In Nasarawa State, Governor Abdullahi Sule’s open support for preferred political successor, Senator Aliyu Ahmed Wadada has continued to generate political discussions, with party stakeholders divided over the implications for the governorship race in the state .
Similar situations have played out in other states where incumbent governors are believed to be positioning loyalists to succeed them in 2027.
In Akwa Ibom State, Governor Umo Eno’s political body language and consultations within the ruling structure have also sparked speculations over succession plans, while in Delta State, political watchers continue to monitor Governor Sheriff Oborevwori’s influence over the emerging political permutations ahead of the next governorship contest.
In Lagos State, discussions around the political structure of Governor Babajide Sanwo-Olu and key party leaders have continued to shape conversations around succession, just as similar developments have been reported in Kaduna, Kano and Benue where powerful political blocs are already aligning behind preferred aspirants.
The wave ofAs the deadline for the submission of candidates for the 2027 general elections approaches, a gale of endorsements sweeping across several states has triggered growing disquiet within political parties, withh aggrieved aspirants, stakeholders and supporters raising fresh concerns over alleged imposition of candidates and the steady erosion of internal democracy.
By Hassan Taiye
Across both the ruling and opposition parties, influential political figures, governors, party leaders and interest groups have intensified endorsements of preferred aspirants for governorship, senatorial, House of Representatives and state assembly positions, often ahead of formal primaries.
In Nasarawa State, Governor Abdullahi Sule’s open support for preferred political successor, Senator Aliyu Ahmed Wadada has continued to generate political discussions, with party stakeholders divided over the implications for the governorship race in the state .
Similar situations have played out in other states where incumbent governors are believed to be positioning loyalists to succeed them in 2027.
In Akwa Ibom State, Governor Umo Eno’s political body language and consultations within the ruling structure have also sparked speculations over succession plans, while in Delta State, political watchers continue to monitor Governor Sheriff Oborevwori’s influence over the emerging political permutations ahead of the next governorship contest.
In Lagos State, discussions around the political structure of Governor Babajide Sanwo-Olu and key party leaders have continued to shape conversations around succession, just as similar developments have been reported in Kaduna, Kano and Benue where powerful political blocs are already aligning behind preferred aspirants.
The wave of endorsements, while presented by party loyalists as strategic moves aimed at strengthening party cohesion and avoiding divisive contests, has instead generated widespread tension in many states where other aspirants view the moves as deliberate attempts to sideline them from the race.
In several states, party offices have become centres of protests, consultations and behind-the-scenes negotiations, as aspirants who feel shortchanged push back against what they describe as predetermined outcomes designed to favour political loyalists and allies of powerful office holders.
Some party members have warned that the growing trend could spark defections, parallel party structures and legal battles capable of weakening party chances ahead of the general elections.
Political observers note that endorsements are not new in Nigeria’s political landscape, but the scale and timing of the current wave have heightened anxieties, especially as many aspirants insist that only transparent primaries can guarantee fairness and party unity.
In some states, youth groups and women wings of political parties have also expressed dissatisfaction, accusing party leaders of ignoring grassroots input and reducing the selection process to elite negotiations dominated by a few power brokers.
A chieftain of one of the major political parties in the North-Central zone, who spoke on condition of anonymity, said the endorsement culture was creating avoidable hostility.
“When candidates are endorsed long before primaries, it sends a message that the process is already concluded. This discourages participation and weakens confidence in the party structure,” he said.
Similarly, some civil society organisations have urged political parties and the Independent National Electoral Commission (INEC) to ensure that the integrity of the nomination process is protected to avoid voter apathy and post-primary litigations.
They argued that credible internal democracy remains the foundation for credible general elections, warning that the imposition of candidates could undermine public trust in the democratic process.
Despite the tension, party leaders defending the endorsements insist that consensus arrangements remain lawful and necessary in managing complex political interests, provided they are carried out within the framework of party constitutions and the Electoral Act.
They maintain that political realities often require negotiations and strategic alignments to preserve party stability and prevent destructive internal conflicts.
However, with the clock ticking toward candidate submission deadlines, many stakeholders believe the coming weeks will determine whether the endorsement wave will consolidate party strength or deepen internal fractures capable of reshaping the political landscape ahead of 2027. endorsements, while presented by party loyalists as strategic moves aimed at strengthening party cohesion and avoiding divisive contests, has instead generated widespread tension in many states where other aspirants view the moves as deliberate attempts to sideline them from the race.
In several states, party offices have become centres of protests, consultations and behind-the-scenes negotiations, as aspirants who feel shortchanged push back against what they describe as predetermined outcomes designed to favour political loyalists and allies of powerful office holders.
Some party members have warned that the growing trend could spark defections, parallel party structures and legal battles capable of weakening party chances ahead of the general elections.
Political observers note that endorsements are not new in Nigeria’s political landscape, but the scale and timing of the current wave have heightened anxieties, especially as many aspirants insist that only transparent primaries can guarantee fairness and party unity.
In some states, youth groups and women wings of political parties have also expressed dissatisfaction, accusing party leaders of ignoring grassroots input and reducing the selection process toj elite negotiations dominated by a few power brokers.
A chieftain of one of the major political parties in the North-Central zone, who spoke on condition of anonymity, said the endorsement culture was creating avoidable hostility.
“When candidates are endorsed long before primaries, it sends a message that the process is already concluded. This discourages participation and weakens confidence in the party structure,” he said.
Similarly, some civil society organisations have urged political parties and the Independent National Electoral Commission (INEC) to ensure that the integrity of the nomination process is protected to avoid voter apathy and post-primary litigations.
They argued that credible internal democracy remains the foundation for credible general elections, warning that the imposition of candidates could undermine public trust in the democratic process.
Despite the tension, party leaders defending the endorsements insist that consensus arrangements remain lawful and necessary in managing complex political interests, provided they are carried out within the framework of party constitutions and the Electoral Act.
They maintain that political realities often require negotiations and strategic alignments to preserve party stability and prevent destructive internal conflicts.
However, with the clock ticking toward candidate submission deadlines, many stakeholders believe the coming weeks will determine whether the endorsement wave will consolidate party strength or deepen internal fractures capable of reshaping the political landscape ahead of 2027.
Uncategorized
JS Tarka Stadium goes agog as Gwer East, Gboko II youths battle for Awunah’s N1 million prize, trophy
From Hassan Taiye
Thousands of football enthusiasts and supporters of Hon. Dave Awunah, a frontline aspirant for the Benue North Senatorial District in the 2027 senatorial election, stormed the JS Tarka Stadium, Gboko, as early as 9 a.m. for the grand finale of the Dave Awunah Zone B 2026 Invitational Soccer Tournament.
The one-week football fiesta attracted youths in their thousands from Guma, Makurdi, Gwer West and Gwer East Local Government Areas, turning the stadium into a centre of excitement and celebration.
The invitational tournament, our correspondent gathered, was organised as part of Hon. Awunah’s commitment to youth development, taking young people off the streets and campaigning against drug abuse, narcotics and other social vices.
Awunah, who has consistently projected himself as a strong advocate for youth empowerment, has in recent months supported youths, women, widows and artisans across the Benue North Senatorial District.
He has also reportedly received blessings and endorsements from several traditional rulers within the district.
One traditional ruler, who spoke on condition of anonymity due to his position, described Awunah as a rare politician with genuine concern for the people.
“For the first time, we are witnessing a selfless politician who matches his words with action by empowering women, youths and widows, even before assuming office,” he said.
He added, “No candidate can stand against him in the next election. We will vote for him massively.”
Many political observers believe Awunah currently enjoys strong grassroots support across the senatorial district.
Youths from the various local government areas have also continued to express strong support for his senatorial ambition, describing him as a leader with compassion and vision.
A philanthropist and youth mobiliser, Titus Apenda from Guma, linked Awunah’s generosity to his late father, Padopas.
“Generosity runs in their blood. It is a natural trait, and he is not doing it for selfish reasons. He may have inherited it from his father,” Apenda said.
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