Author: Adejuyigbe Adegoke

Nigeria is set to receive a fresh $9.5 million (about £7 million), in recovered funds from the UK Crown Dependency of Jersey, marking another milestone in ongoing efforts to repatriate assets linked to past corruption. Background of the Funds The money was held in a bank account in Jersey and has been identified by the Royal Court of Jersey as proceeds of corruption tied to the regime of the late former military Head of State, General Sani Abacha, who ruled Nigeria from 1993 to 1998. The court determined that the funds were “more likely than not” derived from a corrupt…

The Abuja Electricity Distribution Company (AEDC), has issued a public notice alerting residents and businesses in parts of the Federal Capital Territory (FCT), Abuja, of an ongoing power outage affecting electricity supply across several communities. This disruption has drawn attention from residents and stakeholders alike due to its scale and impact on daily life. Details of the Outage According to the statement released by AEDC, the outage stems from broader challenges affecting the national electricity infrastructure. The company confirmed that supply disruptions are linked to a loss of electricity from the national grid, which has affected bulk power delivery to…

The federal budget remains one of the most important policy instruments for shaping Nigeria’s economic and social direction. Beyond headline figures and official assurances, budget allocations offer insight into government priorities and areas of emphasis. The 2026 budget allocations to Ministries, Departments, and Agencies (MDAs), provide an opportunity to assess how national resources are distributed and what these decisions may mean for governance, development, and everyday life of Nigerians. While the figures involved run into trillions of naira, their real significance lies in how effectively they translate into improved living conditions, service delivery, and economic stability for Nigerians. In this…

The Central Bank of Nigeria (CBN), has launched a significant ₦1.15 trillion offering of Nigerian Treasury Bills (NTBs), for investor subscription, marking one of the first major fixed‑income auctions of the year. The move, announced on Wednesday, January 7, 2026, reflects the CBN’s continued strategy to manage liquidity in the financial system and support government borrowing needs through short‑term securities sales. Details of the Auction At the primary market auction, the CBN offered investors a mix of short, medium, and long‑term Treasury Bills, segmented across key maturities: ₦150 billion in 91‑day bills, designed for investors seeking quick turnover. ₦200 billion…

The Nigerian Aviation Handling Company Plc (NAHCO Aviance), West Africa’s leading aviation support services provider, has bolstered its industry footprint with a series of fresh and renewed ground handling contracts with both international and domestic carriers. Strengthening Premier Airline Partnerships In a statement released at the start of January 2026, NAHCO confirmed the renewal of agreements with several major foreign airlines, including Air France, KLM and Virgin Atlantic, each on three‑year terms extending until 2028. The company also renewed a three‑year contract with RwandAir. These renewals reinforce long‑standing partnerships with key global carriers and highlight NAHCO’s sustained commitment to international…

The Budget Office of the Federation (BOF), has addressed public concerns surrounding the repeal and re-enactment of the 2024 and 2025 Appropriation Acts. Questions raised include claims of constitutional violations, fiscal impropriety, and limited access to budget documents. While public interest in government spending is vital for democratic accountability, discussions on Nigeria’s budget must be grounded in the Constitution, relevant fiscal laws, and established legislative practice. Legal and Constitutional Framework Sections 80 to 84 of the Constitution provide the framework for public expenditure in Nigeria. Under these provisions: The President prepares and submits budget estimates to the National Assembly. The…

President Bola Ahmed Tinubu has approved the appointment of Dr. Olugbemisola Titilayo Odusote as the Director-General of the Nigerian Law School, a decision that marks a historic turning point in Nigeria’s legal education system. The appointment takes effect from January 10, 2026, for a four-year tenure. At 54, Dr. Odusote becomes the first woman to head the Nigerian Law School since its establishment in 1962, breaking a 64-year leadership barrier and setting a new precedent for gender inclusion in the legal profession. A Historic First for Legal Education Dr. Odusote will succeed Professor Isa Hayatu Chiroma, whose eight-year tenure as…

In a stark escalation of one of the most dramatic confrontations in recent Latin American history, Venezuela’s interim government has issued sweeping orders directing security forces to pursue and arrest anyone accused of supporting or promoting the U.S. attack that led to the capture and removal of former President, Nicolás Maduro. The decree — enacted under a state of emergency that took effect in the wake of the U.S. military operation — empowers police across the country to conduct a nationwide search and capture campaign targeting individuals suspected of aiding the United States’ armed action. Authorities say the measure is…

President Bola Ahmed Tinubu has sent two letters to the Senate, requesting confirmation for 21 nominees to serve on the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The nominations follow recent leadership appointments at both agencies and signal a major reshuffle aimed at strengthening oversight and governance in Nigeria’s oil and gas sector. Why New Nominations Are Needed The appointments come after a series of reforms in Nigeria’s petroleum sector, including the ** Petroleum Industry Act (PIA) of 2021**, which restructured the regulatory landscape. The PIA replaced the…

Amid swirling political speculation about opposition alliances ahead of the 2027 presidential election, the National Coordinator of the Obidient Movement Worldwide has flatly rejected claims that the former Anambra State Governor, Peter Obi, is negotiating to become the running mate of former Vice President, Atiku Abubakar. In an exclusive interview with PUNCH, Dr. Yunusa Tanko, a leading Obidient Movement official and close ally of Obi, dismissed reports suggesting that Obi might accept a vice‑presidential slot under a coalition with Atiku. Tanko described such reports as unfounded and reiterated that Obi’s political ambition is solely focused on the presidency. “We have…

The Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, has appealed to security agencies to remain alert amid circulating rumours of planned protests against the newly introduced tax laws, stressing the need to counter misinformation and maintain public order. Dr. Adedeji made the appeal on Sunday during an interview on Arise Television, where he expressed concerns about unverified claims and speculative narratives that, in his view, are stoking fears and agitation rather than fostering informed understanding of the tax reforms. He urged Nigerians to differentiate between fact and rumour, advising them to carefully study the tax laws and…

On the afternoon of Saturday, gunmen stormed Kasuwan-Daji market in Demo Village, within the Borgu Local Government Area of Niger State. The attackers, believed to have emerged from the National Park forest along Kabe District, opened fire on residents, set fire to the market and homes, and abducted several people — including women and children. At least 30 villagers were killed, with some local accounts suggesting the toll could be significantly higher as families continue to search for loved ones still missing in the gunmen operations that crossed into Sunday. Survivors describe the assailants operating for hours in broad daylight, striking…