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President Tinubu Writes Reps, Seeks N1.15tr Borrowing Approval To Fund 2025 Budget Deficit

President Bola Ahmed Tinubu has written to the House of Representatives requesting approval for a ₦1.15 trillion borrowing programme to cover the 2025 budget deficit.

In a letter addressed to Speaker Tajudeen Abbas dated October 31, 2025, the President explained the request became necessary to bridge the unfunded deficit arising from an increase in the total budget size by the National Assembly.

The letter was read during plenary on Wednesday by the Deputy Speaker, Rt Hon Benjamin Okezie, who presided.

Tinubu noted that while the National Assembly passed a ₦59.99 trillion budget, an increase of ₦5.25 trillion from the ₦54.74 trillion earlier proposed by the Executive, this adjustment created a budget deficit of ₦14.10 trillion.

However, the borrowing plan approved in the budget amounted to ₦12.95 trillion, leaving an unfunded gap of ₦1.15 trillion.

“In view of the foregoing, it is necessary to increase the domestic borrowing limit in the 2025 budget by ₦1,147,462,863,321.39 to close this gap,” the President wrote.

The President’s request, which was made in line with Section 44 (1–2) of the Fiscal Responsibility Act, 2007, seeks the National Assembly’s approval to establish the borrowing programme in the domestic debt market.

Tinubu expressed confidence in the lawmakers’ prompt consideration of the request, assuring them of his “highest consideration and personal regards.”

The letter was referred to the Committee on Aids, Loans and Budget Management for further legislative action.

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Mompha’s No-Case Submission In Ongoing Fraud Case Dismissed

A no-case submission by social media personality, Ismaila Mustapha, popularly known as Mompha, and another defendant has been dismissed.
Justice Mojisola Dada of the Lagos State Special Offences Court sitting in Ikeja gave the ruling while noting that a prima facie case has been established against Mompha in his ongoing fraud trial.
According to a post on the Economic and Financial Crimes Commission’s (EFCC) official X account on Tuesday, the court dismissed the defendants’ no-case submission, stating that there is sufficient evidence to require them to enter a defence.
The EFCC is prosecuting Mompha and his company, Ismalob Global Investment Limited, over alleged money laundering and operating an unlicensed bureau de change.
The court subsequently adjourned the matter to January 27 and 28, 2026, for continuation of the hearing.
Mompha’s case has been ongoing for years, with multiple legal developments. The EFCC had initially accused him of laundering about N32.9 billion before later filing an eight-count charge involving approximately N6 billion.
The charges include conspiracy to launder funds obtained through unlawful activity, retention of criminal proceeds, and failure to disclose assets.
In January 2022, the court granted him bail in the sum of ₦200 million with two sureties in like sum. However, his bail was later revoked in June 2022 after he failed to appear in court, leading to the issuance of a bench warrant for his arrest.
The EFCC subsequently declared him wanted in August 2022, accusing him of retaining proceeds of criminal conduct and making false asset declarations.
In May 2023, the EFCC announced that Mompha had been re-arrested in collaboration with international partners over alleged ₦6 billion laundering.
By July 2024, court proceedings revealed that over N30 billion, suspected to be proceeds of crime, had reportedly passed through his account.
During earlier hearings, the court admitted into evidence a report from the United States Federal Bureau of Investigation (FBI), which alleged that Mompha’s iPhone was used to send account details abroad and attempt fund transfers.
Mompha has consistently denied all allegations, accusing the EFCC of using his case for publicity.
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DSS Dismisses 115 Personnel

The Department of State Services (DSS) has announced it has sacked 115 personnel.
The agency said the recent sack is part of its ongoing internal reforms aimed at sanitising the agency.
In a statement on its official X handle on Tuesday, November 4, 2025, the Service warned members of the public against dealing with the dismissed individuals.
“As part of the ongoing reforms in the Department of State Services (DSS), the public is hereby informed that a total of 115 personnel have been dismissed over a period,” the statement read.
In addition to earlier disclaimers on the duo of Barry Donald and Victor Onyedikachi Godwin, the Service finds it necessary to warn citizens of the fraudulent activities of some of these persons still posing as DSS personnel. 
 
“Members of the public are therefore advised to desist from any official dealing with these individuals who have been dismissed by the Service. 
 
“For the sake of clarity, the identities of the dismissed personnel have been published on the website of the Service. 
 
“For requests, enquiries or complaints, the Service can be reached on 09088373515, or via email: dsspr@dss.gov.ng.”
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Sowore Breaks Silence After Being Declared Wanted

Nigerian publisher and activist, Omoyele Sowore has broken his silence after being declared wanted by the Lagos State Police.
Reacting, he accused the police force of targeting him following a failed ambush.
In a post on Facebook, Sowore wrote:
“In 1994, then-Lagos Police Commissioner James Danbaba, in connivance with the Vice-Chancellor and authorities at the University of Lagos, orchestrated an attempt on my life using campus gangs.
 
When this attempt failed, he declared me wanted after violently arresting all the student union leaders and falsely charging them for armed robbery. They also expelled us from UNILAG. Danbaba was later arrested alongside Major Al Mustapha for his role in aiding General Sani Abacha in several deadly attacks on opposition figures including Kudirat Abiola and Alex Ibru. He died a miserable death years later!”
Sowore added that Nigeria’s Inspector General of Police, Kayode Egbetokun, is “appearing to follow a similar dangerous path,” claiming that officers were sent to ambush him today and, when the attempt failed, the police issued a wanted notice.
The Lagos State Police declared him wanted in connection with plans to disrupt public peace and obstruct traffic on the Third Mainland Bridge during protests over demolitions at Oworonshoki. Police Commissioner Moshood Jimoh said Sowore and others were under investigation for their alleged role in the unrest.
Sowore described the move as politically motivated, saying, “I was informed that he dispatched police officers to ambush me today. When this attempt failed, they declared me wanted.”
He also noted that several attempts to reach the police commissioner for clarification went unanswered, adding that he intends to meet with him to resolve the issue.
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Senator Ned Nwoko Allegedly Arrests Regina Daniels’ Brother And Sister

Regina Daniels’ brother and sister have been reportedly arrested by Senator Ned Nwoko.
Recall that this followed the physical altercation between him and his fourth wife, Regina Daniels.
She had also allegedly filed for divorce, accusing him of domestic violence.
In response to the allegation, Nwoko accused Regina of substance abuse.
However, calling out the senator amid the messy marital crisis on Monday, Regina disclosed that her elder brother and sister had been arrested.
While appealing to the general public for urgent help, the 24-year-old, in a series of posts on her Instagram page, attributed her siblings’ arrest and detention to an alleged attempt by her husband to force her into a rehabilitation centre.
“Someone please, help me! I feel like I’m losing my mind. I never thought I would do this, but my big brother and big sister have been arrested. My baby sister might be arrested as well until I return and, according to him, return to rehab. Don’t even get me started on telling the world what you did to me with your stupid rehab talk,” Daniels wrote.
 
“You said I’m a drug addict. What other name can you call me? A prostitute? Must things go completely south if partners are no longer interested?”
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Governor Diri Formally Joins APC

Bayelsa State Governor, Douye Diri has officially joined the ruling All Progressives Congress, APC.
According to reports, he was joined by thousands of supporters from all eight local government areas, dressed in white t-shirts, graced the occasion in Yenegoa, the state capital.
Other supporters were seen signing and drumming along some major streets of the state capital.
Diri, who resigned from the Peoples Democratic Party, PDP, recently, formally put speculation to rest by joining the ruling All Progressives Congress, APC.
Already, the Governor of Akwa Ibom State, Pastor Umo Eno, the Governor of Delta State, Elder Sheriff Oborevwori, and his predecessor, Senator Ifeanyi Okowa, the Governor of Ondo State, Orimisan Aiyedatiwa, former Governor of Edo State, Adams Oshiomhole, Minister of Regional Development, Engineering Abubakar Momoh, have arrived at the state capital for the event.
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NDLEA Arrests Musician Over Delivery of Large Consignment of ‘Loud’

A 20-year-old music artist Godspower George Osahenrumwen aka Steady Boy has been arrested.
Operatives of the National Drug Law Enforcement Agency (NDLEA) arrested him for allegedly attempting to take delivery of a large consignment of “Loud,” a potent strain of cannabis, smuggled into the country from the United States.
This was contained in a statement issued by NDLEA’s spokesman, Femi Babafemi on Sunday.
He said the suspect was apprehended on Thursday, 30th October, at Bougain Villa, Primewater Gardens 2, Freedom Way, Lekki, Lagos, after showing up to receive 140 bags of Loud weighing 77.20kg, concealed inside three cartons of bathtubs imported from New York.
The shipment, which also contained clothes and electronic gadgets, arrived aboard a DHL flight at the Murtala Muhammed International Airport (MMIA), Ikeja, on Tuesday, 28th October.
According to the NDLEA, Steady Boy was acting on behalf of a drug syndicate allegedly coordinated by his manager, Zion Osazee Omigie, also known as Zee Money, who is currently at large.
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ASUU Rejects FG’s 35% Pay Rise Offer

The Academic Staff Union of Universities (ASUU) has rejected the proposed 35 per cent pay increase for lecturers.
It is believed the ongoing salary renegotiation between the Federal Government and the Academic Staff Union of Universities (ASUU) may suffer another setback as the decision.
All 89 ASUU branches in public universities are said to have voted against the offer at the union’s recent National Executive Council (NEC) meeting held in Abuja.
The rejection raises concerns about a possible breakdown in discussions between the government’s re-negotiation team and the university lecturers’ union.
ASUU President, Prof. Chris Piwuna, confirmed the development, explaining that the union remains firm on the salary structure recommended by the former government re-negotiation committee led by Prof. Nimi Briggs.
 
“The recent offer by the Federal Government to us was a 35 per cent increase. When we had our meeting to suspend the warning strike, none of the 89 branches accepted the 35 per cent increase,” Piwuna told Daily Sun.

“All the 89 branches of ASUU in Nigeria rejected the 35 per cent increase. So, it’s a non-starter for us. We have Prof. Nimi Briggs’ benchmark, which we are discussing with them in the team, and we believe that’s what they should use.”

The Nimi Briggs committee, which concluded its work in 2022, recommended a new salary scale for university lecturers, including a monthly pay of ₦1.2 million for professors in public universities.
The report, however, was shelved by the government. Currently, professors in Nigeria’s public universities earn less than ₦500,000 per month, less than half of what was proposed.
The union maintains that implementing the Briggs report is crucial to restoring dignity to the teaching profession and halting the exodus of academic talent from Nigeria’s university system.
In 2022, the Committee of Vice-Chancellors of Nigerian Universities (CVCNU) had recommended a compromise salary of ₦800,000 for professors, representing a 50 per cent increase, as against the ₦1.2 million earlier proposed by the Briggs panel.
That recommendation was also not implemented by the Federal Government, further widening the gap between the two parties.
With ASUU insisting on the Nimi Briggs template and rejecting the government’s 35 per cent offer, analysts fear that the ongoing renegotiation could reach a dead end, potentially setting the stage for renewed industrial unrest in the tertiary education sector.
Union leaders have repeatedly warned that without fair remuneration and improved working conditions, the nation’s universities will continue to lose qualified lecturers to better-paying institutions abroad.
For now, the ball appears to be in the Federal Government’s court as the academic union stands its ground on a deal it says reflects both economic realities and the true value of intellectual labour.
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It’s Not True – Presidency Denies Reports of Tinubu Visiting White House On Tuesday

Reports of President Bola Tinubu visiting President Donald Trump on Tuesday has been denied.
The Presidency dismissed the report as false.
The report had claimed that President Bola Tinubu will visit the White House on Tuesday to meet with United States Vice President J.D. Vance.
Temitope Ajayi, Senior Special Assistant to the President on Media and Publicity, in a post on X on Monday described the report as false and misleading.
The clarification comes after President Donald Trump threatened possible military action against Nigeria if nothing is done quickly about an alleged persecution and killing of Christians in Nigeria.
Trump had also recently designated Nigeria as a country of particular concern.
The US President cited what he described as ongoing violence against Christians and failure of the government to protect religious minorities.
However, the Nigerian government strongly denied persecution of any religious groups in Nigeria.
Reacting to a report about Tinubu’s impending visit to to the White House, Presidency described the publication as fuelling unnecessary speculation and uninformed commentary about the President’s diplomatic schedule.
Ajayi clarified that if President Tinubu were to visit the White House, such a meeting would be with the U.S. President, not the Vice President.
He wrote: “There is a Sahara Reporters story that President Tinubu is going to the US on Tuesday to see US Vice President J.D Vance. That story is not true. I can see that the fake news by Sahara has become the basis for some uninformed commentaries since yesterday. If President Tinubu is going to the White House, he won’t be going to see a Vice President.”
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Workers Suffocating Under Rising Cost of Living, Fuel Price Hikes — NASU

President of the Non-Academic Staff Union of Educational and Associated Institutions, NASU, Dr. Hassan Makolo has lamented over the suffering of Nigerian workers.
According to him, Nigerian workers are facing serious economic hardship.
He lamented that many are “suffocating”under the crushing pressure of inflation, repeated fuel price hikes, and the persistent devaluation of the naira.
Speaking on the sidelines of the union’s National Executive Council (NEC) meeting, Dr. Makolo painted a grim picture of daily struggles, noting that the soaring prices of essential goods and services have pushed millions of families to the brink of despair.
He stated, “Workers are suffocating under the high cost of living. The prices of food, transport, housing, and even healthcare are now beyond reach.”
 
“Our wages no longer reflect the realities of today’s economy. Inflation has wiped out the value of salaries, leaving many workers unable to meet basic needs. The situation is even worse for workers in some states who continue to receive amputated or irregular salaries.”

Dr. Makolo argued that the government must move beyond the traditional minimum wage structure to implement a living wage policy. This policy, he said, must adjust periodically to inflation and cost-of-living indices, ensuring that workers can live and work with dignity.

The NASU President highlighted that Nigeria’s persistently high inflation rate, rising energy costs, and the significant devaluation of the naira following exchange rate unification have severely eroded the real value of workers’ wages. This has pushed the cost of living far beyond the reach of the average Nigerian.
“As Organised Labour, we must intensify our collective advocacy for fair wage adjustments, stronger social protection policies, and accountability in economic management,” he stressed. “Together, we will continue to defend the dignity and welfare of every worker in these challenging times.”
 
He urged the government to strengthen economic policies that will stabilize prices, invest in local production, and improve transport and energy infrastructure to reduce costs and ease the burden on citizens.
The union leader also drew attention to the precarious future facing young people, graduates, and skilled professionals due to rising unemployment and underemployment. He noted that the informal sector now dominates the employment market, absorbing nearly 80 percent of workers, most of whom operate under precarious and unregulated conditions.
Makolo called for the government to focus on job creation through expanded vocational training, support for Small and Medium-sized Enterprises (SMEs), and increased investment in labor-intensive industries.
On security, he lamented that “Insecurity, from kidnappings, banditry to terrorism, threatens Nigerians, including workers’ lives and livelihoods, as well as every other person resident in the country.” He concluded that addressing insecurity requires a comprehensive, multi-dimensional approach, including strengthening intelligence gathering, deploying modern technology, ensuring political will, eliminating corruption in security spending, and addressing youth unemployment.