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N54.2 trillion budget: Peter Obi questions Tinubu govt on transparency, accountability

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Presidential candidate of the Labour Party, LP, Mr Peter Obi, says there is no corresponding breakdown of expenditures to justify the increase in the 2025 national budget.

The statement comes after President Bola Tinubu, on Thursday, increased the appropriation bill for the 2025 fiscal year from N49.7 trillion to N54.2 trillion.

Recall that Tinubu announced the increment in separate letters, which he forwarded to both the Senate and the House of Representatives.

Reacting to the development, Obi said that Nigerians need to know how the resources generated are being allocated for the sake of transparency and accountability.

This, he said, was to ensure that they were judiciously spent on the country’s development and the well-being of the people.

In a statement issued on Friday via his X handle, the former Anambra state Governor said Nigerians were still waiting for a detailed account of the execution and expenditures of the Renewed Hope budget passed in December 2023.

Obi further called on the National Assembly to seize this opportunity to obtain and make public the full details of the 2024 budget.

He said: “Yesterday, I read about the increase in the Budget of Restoration to N54 trillion due to increased revenue.“

While the sources of this revenue were detailed, there is no corresponding breakdown of expenditures to justify the increase.

For transparency and accountability sake Nigerians need to know how the resources generated from them are being allocated to ensure that they are judiciously spent on the country’s development and the well-being of the people.

“Such expenditures should be directed toward critical areas of development; education, healthcare, security, and poverty alleviation.“

Furthermore, Nigerians are still waiting for a detailed account of the execution and expenditures of the Renewed Hope budget passed in December 2023 to ensure that it has been properly utilized for the country’s future development and the well-being of its citizens.

“I call on the National Assembly to seize this opportunity to obtain and make public the full details of the 2024 budget of Renewed Hope budget

“Transparency in this regard is crucial for ensuring accountability, learning from past budgets, and making informed decisions for the nation’s progress.

“As we work towards passing the Budget of Restoration for 2025, let us uphold openness, accountability, and the welfare of the Nigerian people.

We owe it to ourselves, our children, and the future of our great nation.

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Breaking: INEC postpones voter revalidation exercise till after 2027 elections

The decision was announced in a statement issued and signed by Mohammed Haruna, the commission’s national commissioner and chairman of its information and voter education committee.

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The Independent National Electoral Commission (INEC) on Friday postponed its planned nationwide voter revalidation exercise until after the 2027 general elections.

The decision was announced in a statement issued and signed by Mohammed Haruna, the commission’s national commissioner and chairman of its information and voter education committee.

Haruna said that the postponement followed deliberations at a meeting between the commission and resident electoral commissioners (RECs).

“Following deliberations, the commission resolved to postpone the exercise until after the 2027 General Election,” the statement read.

(VANGUARD)

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Plateau Community Laments ‘ No Security To Repel Attackers’

Those confirmed dead include Elder Iliya Mangut Dakus, Mr. Luck Titus Dakus, Mr. Habila Istifanu Dakus, Mr. Hassan Istifanus Dakus, Mrs. Hassan Moses Dakus, Biggie Lucky Dakus, Sunday Gideon Dakus, and Mr. Innocent Barnabas Makwin.

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People of Mbwelle village, Bokkos Local Government Area of Plateau State lamented that the Thursday Late-night attack which left eight persons killed lasted for several hours with no visible security presence to repel the attackers.

The assailants reportedly stormed the community at about 11 p.m. on Thursday, and opened fire on residents in a sporadic shooting that lasted nearly an hour.

Seven of the victims were members of the same family, while at least three others sustained injuries and several persons are missing.

Those confirmed dead include Elder Iliya Mangut Dakus, Mr. Luck Titus Dakus, Mr. Habila Istifanu Dakus, Mr. Hassan Istifanus Dakus, Mrs. Hassan Moses Dakus, Biggie Lucky Dakus, Sunday Gideon Dakus, and Mr. Innocent Barnabas Makwin.

The Chairman of Bokkos Local Government Area, Samuel Amalau, confirmed the incident to Arise news during a phone interview, expressing concern over the recurring violence in the area.

The Chairman condemned what he described as a resurgence of unprovoked attacks in Bokkos, particularly the incident in Mbwelle community of Kwatas Ward.

The Chairman of the Community Peace Observers in Bokkos, Kefas Mallai, added that the attack has heightened tension in the area.

He extended condolences to the bereaved families, noting that the killings were “a direct assault on our collective humanity and peaceful coexistence,” while also wishing the injured a speedy recovery.

He also appealed to youths to exercise restraint and avoid actions that could escalate tensions, even as he reaffirmed the right to lawful self-defense.

Also confirming the attack, the Police Public Relations Officer, SP Alfred Alabo, said investigations are ongoing and assured that further details would be made available.

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CBN Debunks Viral Fake News of ₦5,000 Banknote Featuring President Tinubu’s Image

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The Central Bank of Nigeria (CBN) has firmly dismissed as fake a circulating image purporting to show a new ₦5,000 banknote bearing the portrait of President Bola Ahmed Tinubu.

In a statement posted on its official X (formerly Twitter) handle on Thursday, April 9, 2026, the apex bank declared: “This content is fake. Let the public be guided.” The clarification came after the image went viral on social media, sparking debates and reactions among users who questioned its authenticity.

The viral mock-up, which some claimed was a “first sample” of a redesigned higher denomination note, has been identified by fact-checkers and media outlets as AI-generated.

Tests using AI detection tools reportedly showed over 90% AI-generated content, and earlier versions of similar images carried watermarks linked to Grok, an AI tool on the X platform.

This is not the first time such claims have surfaced. In 2025, the CBN similarly debunked reports of impending introductions of ₦5,000 and ₦10,000 notes, describing those as false and clarifying that no such policy or designs were in the works.

The CBN urged Nigerians to disregard the misleading image and rely only on official communications from the bank. It has not announced any plans to introduce new currency denominations or redesign existing notes with the president’s image.

The development comes amid ongoing efforts by authorities to combat misinformation that could potentially cause public confusion or economic anxiety regarding the naira.

Members of the public are advised to verify currency-related information directly through the CBN’s official website (cbn.gov.ng) or verified channels.

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