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FG Approves Payments To 1,240 Contractors, Targets SMEs With Verified Claims

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The Federal Ministry of Finance said it has approved payments to more than 1,240 contractors, providing immediate liquidity support to businesses across the country and reinforcing the Federal Government’s commitment to meeting its financial obligations.

The approval, granted by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, follows a verification and reconciliation undertaken by the Ministry to ensure that only duly validated obligations qualify for payment, according to a statement on Monday by Mary-Ann Duke, Senior Special Assistant on Communication and Press Secretary to the Minister of Finance.

The payments covered contractors across various Ministries, Departments and Agencies (MDAs) and represent a significant step in addressing long-standing payment obligations, particularly those affecting indigenous businesses and small and medium-sized enterprises (SMEs).

According to the statement, contractors prioritised for payment in the most recent batch are those with verified claims in the region of ₦100 million or less.

The release of funds is expected to provide immediate relief to hundreds of businesses, enabling them to return to project sites, pay workers, settle suppliers, meet financial commitments, and support economic activity across the country.

The release of funds is expected to provide immediate relief to hundreds of businesses, enabling them to return to project sites, pay workers, settle suppliers, meet financial commitments, and support economic activity across the country.

According to the statement, over the past few months, the Federal Government has processed payments exceeding ₦700 billion across various categories of verified obligations owed to local contractors.

Within the month of May alone, approximately ₦436.6 billion in transactions were processed, demonstrating a significant acceleration in payment activity aimed at unlocking liquidity and supporting economic growth.

By prioritising a large number of smaller contractors rather than concentrating payments among a few large beneficiaries, the government said it is broadening the economic impact of these disbursements, supporting businesses across different sectors and regions of the country.

The latest payments are expected to strengthen confidence among contractors, suppliers, and service providers doing business with government by demonstrating the Government’s commitment to honouring duly verified obligations.

“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth”, the statement noted.

The Ministry said it remained committed to maintaining fiscal discipline while ensuring that legitimate obligations are settled promptly.

Going forward, the Ministry noted that the move will substantially reduce outstanding liabilities over time, strengthen confidence in public financial management, and support the effective delivery of public services and infrastructure.

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Police confirm Kogi APC Chairman’s Murder by Bandits

Yunusa’s vehicle was reportedly intercepted by the suspected bandits during a kidnapping operation along the Itobe–Ochadamu Expressway, around Ojuwo Olijo in Ofu Local Government Area of the state, on Thursday, August 27, 2026.

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•Ishaq Yunusa

Kogi State Police Command on Friday confirmed the murder of the Chairman of the All Progressives Congress, APC, in Dekina Local Government Area of Kogi State, Ishaq Yunusa.

Yunusa was killed in an attack by suspected bandits.

Yunusa’s vehicle was reportedly intercepted by the suspected bandits during a kidnapping operation along the Itobe–Ochadamu Expressway, around Ojuwo Olijo in Ofu Local Government Area of the state, on Thursday, August 27, 2026.

His death has thrown family members, friends and APC supporters into mourning, with calls for the immediate arrest and prosecution of those responsible.

The Public Relations Officer, ASP Saliu Oyiza Afusat, confirmed the incident in a statement issued on Friday.

She said the attack occurred at about 5 p.m. on Thursday when armed assailants emerged from the surrounding bush and opened sporadic fire on motorists.

According to the police, security agencies are intensifying operations in the area, while personnel are combing the surrounding forests in a bid to rescue any abducted victims and track down those responsible for the attack.

The command says efforts are ongoing to restore security along the affected route.

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President Tinubu Orders Comprehensive Forensic Audits of MDAs, IPPIS

The exercise will establish the nature and extent of weaknesses in Government’s control system, and determine how such weaknesses have been exploited.

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President Bola Ahmed Tinubu has directed the Minister of Finance and Co-ordinating Minister of the Economy, Mr Taiwo Oyedele, to oversee and coordinate a comprehensive forensic audit of Federal Government systems.

The audit will include a review of the Integrated Personnel and Payroll Information System (IPPIS), Federal Government agencies, and their administration and internal controls.

Bayo Onanuga,Special Adviser to the President(Information & Strategy), in a press release on Friday, said that President Tinubu’s directive follows the Federal Executive Council’s resolution on August 19, 2026, in response to findings by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on “fake agencies”, ghost workers, and other control failures.

The exercise will establish the nature and extent of weaknesses in Government’s control system, and determine how such weaknesses have been exploited.

The review will comprise two interconnected components. The first will focus on a forensic audit of Government systems, particularly IPPIS and related payroll, personnel, pension and financial-management platforms.

It will examine reported cases of ghost workers and payroll fraud, reconcile the figures identified by the ICPC, trace how fictitious or ineligible persons were enrolled, and review access, identity, biometric and bank-account controls.

The exercise will also examine the interfaces between IPPIS and other government platforms, including GIFMIS, Remita, the Treasury Single Account (TSA) and Sub-TSA, to determine whether fraud resulted from system defects, process failures, inadequate segregation of duties or deliberate circumvention.

The second component of the audit will cover all Federal Government agencies, departments, commissions, councils, parastatals and other government bodies.

It will establish a definitive inventory of such bodies and verify their legal basis, while examining how entities obtain official recognition, budgetary consideration, correspondence privileges, office facilities and access to government systems.

The exercise will assess governance, procurement, internal-audit, and oversight controls across Government to close systemic weaknesses that could allow irregular entities or persons to access public resources.

President Tinubu directed that the exercise be conducted with the highest standards of independence, professionalism and forensic integrity.

The audit team will have access to relevant government systems and records. It will collaborate with the ICPC to ensure that the review complements all ongoing investigations, prosecutions and recoveries.

President Tinubu expects the exercise to go beyond identifying individual cases of fraud or administrative failure by strengthening the architecture of Government, closing systemic loopholes, improving data verification and reconciliation, reinforcing accountability, and ensuring that only duly constituted entities and eligible personnel have access to Government resources.

The exercise underscores the President’s commitment to strengthening transparency, accountability, fiscal governance and institutional integrity across the Federal Government.

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Wushishi, National Population Commission’s Chairman, Dies

Wushishi reportedly died on Friday, August 28, 2026, after a brief illness.

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•Dr. Aminu Wushishi

Chairman of the National Population Commission, NPC, Dr. Aminu Wushishi, has died.

Wushishi reportedly died on Friday, August 28, 2026, after a brief illness.

Wushishi, a former Secretary of the Niger State chapter of the Peoples Democratic Party, PDP, was said to have taken ill briefly before his death.

His Special Adviser on Media, Stanley Nwosu, confirmed the development to the media.

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