News
FG directs MDAs in states to stop operating accounts with commercial banks
The federal government has directed Federal Pay Officers (FPOs) across the country to ensure that Ministries, Departments, and Agencies (MDAs) in the states strictly comply with the Treasury Single Account (TSA) policy by not operating accounts with commercial banks or circumventing its provisions.
The Accountant General of the Federation (AGF), Dr. Oluwatoyin Madein, issued this directive during a working visit to the Federal Pay Office in Benin, Edo State, as part of her ongoing nationwide tour to assess the operations and challenges of FPOs.
A statement from the Office of the Accountant General of the Federation (OAGF), signed by the Director of Press and Public Relations, Bawa Mokwa, said that MDAs must adhere strictly to the TSA framework.
Dr. Madein reiterated that any MDA seeking to operate an account with a commercial bank must obtain direct approval from the President, which must be communicated through the AGF based on established guidelines.
To enforce compliance, she mandated FPOs to uphold transparency, dedication, and professionalism in their duties. As representatives of the OAGF, she urged them to maintain high ethical standards and avoid any actions that could undermine the credibility of the Federal Treasury.
Dr. Madein also stressed the importance of accurate financial records, warning that inefficiency could be perceived if records do not meet the required standards. She assured that officials from the Treasury headquarters would conduct regular inspections of FPOs to ensure compliance.
Additionally, she stressed the need for FPOs to be well-versed in financial regulations, including the Constitution, Financial Regulations, and the Public Procurement Act, to enhance their effectiveness.
Recognizing the operational challenges faced by FPOs, Dr. Madein disclosed that the federal government is constructing new office buildings in some states to provide permanent solutions to accommodation issues. She reaffirmed the OAGF’s commitment to prioritizing the welfare and well-being of FPO staff.
News
JUST IN: Wike, Govs Makinde, Bala Clash at PDP Secretariat (Images / Video)
….. As PDP Leaders Accuse Police of Not Showing Neutrality in Crisis
There was a showdown at the PDP National Secretariat on Tuesday as governors of Bauchi and Oyo states have clashed with FCT Minister Nyesom Wike with both parties attempting to take over the National secretariat of the main opposition Peoples Democratic Party in the Wuse Zone 5 District of Abuja.

It was discovered that security operatives loyal to the FCT Minister and Governors Seyi Makinde and Bala Mohammed embarked in a free for all or who would take possession of the PDP National Secretariat with a rainfall of teargas pumped around the vicinity by both parties.

While Governor Seyo stormed the venue with the newly elected National Secretary, Taofeek Arapaja, Nyesom Wike stayed put with Samuel Anyanwu, the embattled National Secretary of the party who insists his tenure is still in place till December 8, 2025.

Party leaders are now expressing worry over the development accusing the Police of not being neutral in the leadership crisis facing the Peoples Democratic Party.
Watch video below:
Business
Lagos N200b bond oversubscribed by 55% at N310Billion
In a resounding vote of confidence from the investment community, Lagos State has concluded its bookbuild for a groundbreaking bond issuance, exceeding all expectations and demonstrating strong investor appetite.
The State’s offering, comprised of a ₦200 Billion Conventional Bond and a ₦14.8 Billion Green Bond, has been met with extraordinary enthusiasm, paving the way for crucial infrastructure projects across the bustling metropolis.
The conventional bond, originally slated for ₦200 billion, received an astounding 55% oversubscription, attracting a remarkable ₦310 billion in investment commitments.
This signifies the robust trust investors have in Lagos State’s economic prospects and its commitment to sustainable growth.
Adding to the success, the ₦14.8 billion Green Bond, designed to finance environmentally friendly projects, was met with an even greater level of enthusiasm.
It attracted a phenomenal ₦29.29 billion in subscriptions, representing a staggering 97.7% oversubscription.
This underscores the growing global interest in sustainable investments and Lagos State’s commitment to a greener future.
This historic achievement highlights Lagos State’s financial strength and its ability to attract significant investment to drive its ambitious development agenda.
The proceeds from these bonds will be instrumental in funding vital infrastructure projects, enhancing the quality of life for residents, and fostering economic prosperity across the state.
News
JUST IN: FG Vows Swift Rescue of Abducted Kebbi Schoolgirls, Reaffirms Duty to Protect Citizens
The Federal Government has expressed deep concern over the abduction of female students from Government Girls Secondary School, Maga, in Danko/Wasagu Local Government Area of Kebbi State, assuring families of its unwavering commitment to securing the safe return of the victims.
In a statement on Monday, the government conveyed solidarity with the affected families, noting that it “shares in their pain” and is working urgently to bring the girls home.
President Bola Ahmed Tinubu reaffirmed that the protection of every Nigerian—especially schoolchildren—remains a paramount responsibility of the State. He condemned the attack, describing it as a “reprehensible assault on innocent students,” and mourned the school officials who were killed while performing their duties.
According to the statement, security and intelligence agencies have been issued strict directives to locate and rescue the abducted students and ensure that those responsible are brought to justice. The government pledged that it will not relent until the mission is accomplished.
The Federal Government also assured citizens that strengthening internal security remains a top priority, noting that efforts are underway to recalibrate the country’s military, policing, and intelligence architecture to better prevent and respond to threats.
Additionally, Nigeria is intensifying regional cooperation with ECOWAS, the African Union, and the Multinational Joint Task Force (MNJTF) to secure borders and disrupt terrorist and criminal networks.
The government urged the public to remain calm and confident as efforts to rescue the abducted students continue.
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