News
Fed Govt to stop $418m Paris Club refund payment
The Federal Government has made moves to block the redemption of about 62 promissory notes issued to consultants/contractors engaged by the Nigeria Governor’s Forum (NGF) and the Association of Local Governments of Nigeria (ALGON) to retrieve their shares of the Paris Club refunds.
The Federal Government, while faulting the procedure for the issuance of the promissory notes, has prayed a Federal High Court in Abuja to void the notes already issued.
In the suit, now before Justice Inyang Ekwo, the Federal Government and three others, listed as plaintiffs, want the court to, among others, set aside all the promissory notes and issue an order of perpetual injunction restraining the defendants and their agents “from exercising any proprietary rights” over the promissory notes.
Listed as defendants in the suit are: FSDH Merchant Bank Limited, Ned Munir Nwoko, Gregory Nangor Lar, Riok Nigeria Limited, Prince Orji Nwafor Orizu, Olaitan Bello, Dr. Ted Iseghohi Edwards, and Panic Alert Security System Limited.
Other plaintiffs in the suit are: the Attorney General of the Federation, the Minister of Finance, Budget and National Planning, and the Accountant General of the Federation.
The 62 promissory notes, valued at $418,953,668, were issued to the defendants on September 27, 2021 by the Debt Management Office (DMO) following judgments and orders of mandamus obtained against the Federal Government and the Minister of Finance by the defendants, who were said to have been engaged by the Federal Government and ALGON.
The plaintiffs are contending, among others, that the promissory notes are invalid, having been wrongly issued in violation of relevant laws.
They added that although the promissory notes were executed by the then Minister of Finance, Budget and National Planning and the Director General of the DMO, the notes were not signed as required.
The plaintiffs argued that “the promissory notes in issue were wrongly and unlawfully changed on the assets and revenues of the federation instead of the assets and revenues of the states and local governments, who incurred the applicable loans/debts”.
A Principal State Counsel in the Federal Ministry of Justice, Mr. Oyinlade Koleosho, stated in a supporting affidavit that the promissory notes were wrongly and invalidly issued against the assets of the federation.
The lawyer averred that sections 314 and 317 of the Constitution have separated the assets of a state or local government from the assets of the federation or the Federal Government of Nigeria.
Koleosho added that the 62 promissory notes issued to the defendants are invalid because they were charged on the assets of the Fed Govt, who is not indebted to any of the defendants (contractors/consultants).
The plaintiffs also claimed that the Federal Government of Nigeria did not engage any of the defendants, saying there is no valid consideration for the promissory notes issued to them (defendants).
According to court documents, FSDH Merchant Bank Limited was issued 10 promissory notes for the total value of $67,925,661.00, at the rate of $6,499,561.00 per note (allegedly for the benefit of Nwoko).
Gregory Nangor Lar, who is described as Nwoko’s agent, was issued two promissory notes “for the account/benefit of the second defendant (Nwoko) for the total value of $732,511.00 at the rate of $366,256.00 per note”.
Riok Nigeria Limited was issued 10 Federal Government of Nigeria promissory notes issued for the total value of $142,028, 941.00, at the rate of $14,202,895.00 per note.
Prince Orji Nwafor Orizu was issued 10 promissory notes for the total value of $1,219,440.00 at the rate of $121,944.00 per promissory note.
Olaitan Bello is said to have been issued eight promissory notes for the total value of $215,195.00 at the rate of $21,524.00 per promissory note.
Dr. Ted Iseghohi Edwards is said to have got 10 promissory notes for the value of $159,000,000.00, at the rate of $15,900,000.00 per note.
Panic Alert Security System Limited was also issued 10 promissory notes for the value of $47,831,920.00 being the total value of the 10 notes, with a value of $4,783,192.00 per note.
News
National Assembly Partners Agro Colleges, Institutions on food security
In a major push to strengthen Nigeria’s food security, the National Assembly has forged a strategic partnership with agricultural colleges and research institutions across the country.
The collaboration focuses on enhanced research, improved legislation, better funding, and practical innovation to transform the agricultural sector.
The Senate Committee on Agricultural Colleges and Institutions, chaired by Senator Sharafadeen Alli (Oyo South), announced the partnership ahead of the maiden National Legislative Summit and Expo on Agricultural Colleges and Institutions.
The two-day event, themed “Unfolding the Potential of Agricultural Colleges and Institutions through Collaboration and Innovation to Enhance Food Security and Job Creation,” is scheduled for May 12–14, 2026, at the International Institute of Tropical Agriculture (IITA) in Ibadan.
Speaking at a press conference on Monday at the Nigerian Union of Journalists (NUJ) Press Centre in Iyaganku, Ibadan, Senator Alli emphasized the urgent need to bridge the gap between farmers and research institutions.
He noted that many breakthroughs by Nigerian researchers including improved varieties of cassava, cocoa, and other crops have not reached smallholder farmers, contributing to declining productivity despite the country’s agricultural potential.
Senator Alli highlighted historical lessons, such as Malaysia’s rise in palm oil production after obtaining seedlings from Nigeria, stressing the need for Nigeria to reclaim its leadership in agriculture.
The summit will convene over 28 agricultural institutions, international development partners, embassies, policymakers, and stakeholders. It also aims to create jobs for youths and women through mechanized farming, reduce post-harvest losses with technologies like solar-powered dryers, and improve market access.
Executive Director of the National Horticultural Research Institute (NIHORT), Professor Mohammed Atanda, described the initiative as timely and called for a stronger legislative framework to support research institutions.
Acting Executive Director of the Cocoa Research Institute of Nigeria (CRIN), Dr. Adedeji Rasheed, urged greater private sector involvement in funding research, noting that government alone cannot shoulder the responsibility.
Professor Oluwatosin Gabriel of the Institute of Agricultural Research and Training (IAR&T) affirmed that Nigeria has the expertise to achieve food sufficiency with the right policies, funding, and coordination between federal and state governments.
This partnership forms part of broader National Assembly efforts to reposition agriculture as a driver of economic diversification, rural development, and poverty reduction.
Observers see the Ibadan summit as a critical step toward turning Nigeria’s agricultural institutions into innovation hubs capable of delivering sustainable food security.
News
From 299 to 374: UTME Candidates Set New Benchmarks in Highest Scores from 2013–2026
The Joint Admissions and Matriculation Board (JAMB) has highlighted a remarkable upward trend in top Unified Tertiary Matriculation Examination (UTME) performances over the past 14 years, with peak scores rising from 299 in the early 2010s to a record 374 (and claims up to 375) in recent cycles.
This progression reflects improving preparation, better access to resources, and the competitive drive among Nigerian students aspiring for tertiary education, particularly in high-demand fields like Medicine, Engineering, and Sciences.
Key Highlights Across the Years:
- 2013 & 2014: The highest scores stood at 299, achieved by Olise Israel Chukwunalu (2013) and Onomejoh Princewill (2014). These marked the baseline in the early CBT era.
- 2015: Ilukwe Lottachukwu Geraldine led with 332.
- 2016: A tie at 359 between Akenbor Adesuwa Osarugue and Anonye Victory Emenike.
- 2017: Akingbulugbe Precious Ayomide scored 353.
- 2018: Galadima Israel Zakari topped with 364.
- 2019: Ezeunala Ekene Franklin achieved 347.
- 2020: Maduafokwa Egoagwuagwu Agnes set a strong benchmark with 365.
- 2021: Monwuba Chibuzo Chibuikem scored 358.
- 2022: Adebayo Eyimofe Oluwatofunmi reached 362.
- 2023: Umeh Kamsiyochukwu Nkechinyere posted 360.
- 2024: A three-way tie at 367 — Olowu Joseph Oluwasijibomi, Alayande David, and Orukpe Joel Ehijele.
- 2025: JAMB reported the highest score in over a decade at 374 (with one unconfirmed or later-adjusted claim of 375 by Okeke Chinedu Christian; other top performers included scores of 374 and 373).
- 2026: Owoeye Daniella Jesudunsin (also referred to as Owoeye Jesudunsin), an Ekiti State indigene who sat the exam in Ogun State, emerged as the top scorer with 372. She aims to study Medicine and Surgery at the University of Lagos (UNILAG).
JAMB Registrar Prof. Is-haq Oloyede has repeatedly noted these high performances even amid broader challenges like result glitches in some years, crediting dedicated candidates and improved study tools.
Trends and Context
Top scorers frequently target competitive courses such as Medicine and various Engineering disciplines at institutions like UNILAG. Many top performers come from strong tutorial centers and demonstrate exceptional subject mastery, often scoring 90+ in core sciences.
While the absolute highest has climbed significantly since 2013, JAMB continues to emphasize that UTME is just one factor in admission, alongside O’Level results and other criteria.
These outstanding achievements continue to inspire millions of Nigerian students, proving that excellence in UTME remains attainable with determination and proper preparation. As the examination evolves, future candidates are expected to push the boundaries even further.
News
FG Engages CCECC To Build N545bn New Carter Bridge in Lagos
The decision to reconstruct the bridge became necessary after years of alarming structural investigations revealed worsening defects beneath both the Carter Bridge and the 3rd Mainland Bridge.
The federal government has officially handed over the construction of a brand-new Carter Bridge in Lagos to China Civil Engineering Construction Corporation (CCECC).
Speaking during the handover ceremony in Lagos, the Minister of Works, Dave Umahi, said that the decision to reconstruct the bridge became necessary after years of alarming structural investigations revealed worsening defects beneath both the Carter Bridge and the 3rd Mainland Bridge.
According to the minister, investigations into the underwater structural elements of the bridges began as far back as 2013, with another assessment carried out in 2019.
The reports, he said, showed that the defects were increasing at what experts described as “geometrical progression.”
Experts, according to him, advised that repairing the Carter Bridge would cost almost twice the amount required to build a completely new structure. Following detailed technical analysis, the federal government, he said, approved the construction of a new modern bridge.
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