News
N54.2 trillion budget: Peter Obi questions Tinubu govt on transparency, accountability
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.
News
NISO restores national grid after nationwide blackouts
The previous day,there was a nationwide blackout as the Nigerian Electricity Supply Industry (NESI) recorded 0Mw total energy generation at 16:00 hour.
• A power generation site
The Nigeria Independent System Operator (NISO) has restored the national grid to 2,126 megawatts (Mw) total energy generation at 20:00 hour.
The previous day,there was a nationwide blackout as the Nigerian Electricity Supply Industry (NESI) recorded 0Mw total energy generation at 16:00 hour.
NISO also raised the total energy sent to the 11 electricity Distribution Companies (DisCos) to 1,895Mw at 21:02 hours.
The grid developed issues that the NISO was yet to report its cause and restoration measures at press time, leading to the cut in the supply to the 11 electricity Distribution Companies (DisCos) from the average of 4,000MW on a normal day.
According to the NISO website dashboard, the system dipped from 148.30MW at 15:00 hour.
On its distribution profile, the NISO revealed that total energy sent to the 11 electricity Distribution Companies (DisCos) at 16:46hour was 305MW.
News
Operation Awatse nabs six suspected drug dealers in Lagos
The suspects include Okoduwa Odianose (38, Edo State), Obagede Abraham (25, Osun State), Abdulahi Umate (18, Borno State), Bala Abdullahi (18, Kano State), Mallah Umate (18, Borno State), and Habeeb Badmus (34, Kwara State).
Image of the six suspects / NAF
In furtherance of ongoing efforts to disrupt criminal and terrorist activities within its Area of Responsibility (AOR), the Headquarters Joint Task Force South West, Operation AWATSE, has conducted a joint multi-component kinetic and non-kinetic operation code-named Operation EMBER Guard.
The operation, aimed at strengthening public confidence and enhancing inter-agency cooperation, led to a successful raid on a suspected drug den located along Idinmu Road, Egbeda, Lagos State, on 28 December 2025 at about 2300 hours.
During the operation, six suspects were arrested in connection with illegal drug-related activities.
The suspects include Okoduwa Odianose (38, Edo State), Obagede Abraham (25, Osun State), Abdulahi Umate (18, Borno State), Bala Abdullahi (18, Kano State), Mallah Umate (18, Borno State), and Habeeb Badmus (34, Kwara State).
The Items recovered from the suspects include three pieces of crack cocaine, 29 packs of ice, six bottles of codeine, 70 pieces of loud, six wraps of backwood, three small wraps of backwood, two wraps of Russian cream, 49 pieces of colos, two pieces of rohypnol, as well as other personal belongings.
The suspects and recovered exhibits were subsequently handed over to the Commander, National Drug Law Enforcement Agency (NDLEA), Lagos State Command, on 29 December 2025 at the Nigerian Air Force 651 Base Services Group(BSG) 3 Provost, Sam Ethnan AirForce Base, Ikeja, Lagos for further investigation and prosecution.
The Theater Commander, Headquarters Joint Task Force Operation AWATSE, Rear Admiral Abubakar Mustapha was ably represented by the Commander 651 BSG, Air Commodore IM Imam who handed over the suspects to NDLEA officials.
The Commander 651 BSG reiterated the operation’s commitment to sustaining joint operations with relevant security agencies to curb criminality and ensure the safety and security of lives and property within the South West region.
News
Ex- AGF Malami ‘s court trial begins at FHC Abuja
Malami is being tried for alleged money laundering, concealment of illicit funds, and unlawful acquisition of assets valued at more than ₦1.014 billion.
The former Attorney‑General of the Federation and Minister of Justice, Abubakar Malami has been arraigned at the Federal High Court in Abuja on corruption charges.
Malami is being tried for alleged money laundering, concealment of illicit funds, and unlawful acquisition of assets valued at more than ₦1.014 billion.
Malami is facing 16‑count charges alongside his son, Abubakar Abdulaziz Malami, and an associate, Hajia Bashir Asabe.
The Economic and Financial Crimes Commission has filed a 16‑count charge against Malami, accusing him of multi‑billion‑naira money laundering and unlawful acquisition of assets.
Malami and his co‑defendants are accused to have knowingly handled, transferred, and concealed funds suspected to be proceeds of unlawful activities.
Investigators traced ₦1.014 to a Sterling Bank account linked to the transactions.
EFCC filings claim Malami laundered billions to acquire choice houses in Abuja, Kebbi, Kano, and other locations, with assets valued at about ₦212.8 billion allegedly traced to him and his associates.
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NISO restores national grid after nationwide blackouts
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