The Federal Government under President Bola Ahmed Tinubu has approved a 40% salary increase for university lecturers as part of a landmark renegotiated agreement with the Academic Staff Union of Universities (ASUU), ending an eight-year review process of the 2009 FGN-ASUU pact.

The agreement, concluded on December 23, 2025, was announced by ASUU in a circular dated December 24, 2025, describing it as a comprehensive framework aimed at revitalizing Nigeria’s public university system.

Key highlights of the deal include:

– A 40% upward review of academic staff salaries under improved conditions of service.

– Reaffirmation of pension benefits, allowing professors to retire at age 70 with a pension equivalent to their final annual salary, subject to service requirements.

– Introduction of a tailored budgeting template to address universities’ specific funding needs.

– Provisions for enhanced university autonomy, academic freedom, and systemic reforms to curb brain drain and underfunding.

– Commitments to innovation, research funding through a proposed National Research Council, and duty-free imports for educational materials.

ASUU expressed optimism that the government would commence prompt implementation, with the new salary structure expected to take effect from January 1, 2026.

The breakthrough averts potential industrial action, following months of tense negotiations that began in 2017. Earlier reports in November and early December indicated the government’s proposal of the 40% increment as a key offer to resolve lingering disputes over withheld salaries, earned allowances, and revitalization funds.

Multiple outlets, including Politics Nigeria, The Star, Legit.ng, and The Guardian, confirmed the agreement, noting its potential to stabilize the tertiary education sector amid ongoing challenges like inflation and emigration of academics.

Education stakeholders have welcomed the development, viewing it as a significant step toward addressing long-standing grievances in Nigeria’s public universities.

The Ministry of Education is yet to issue an official statement, but sources indicate alignment with President Tinubu’s directive to avoid disruptions in the academic calendar.

Obinwanne Okeke, the Nigerian businessman popularly known as Invictus Obi, has been released from United States federal prison after serving approximately six years for his involvement in an $11 million internet fraud scheme, multiple reports confirmed on Thursday.

Records from the U.S. Federal Bureau of Prisons (BOP) inmate locator indicate that Okeke is listed as “Not in BOP Custody as of: 12/23/2025,” signaling his exit from federal incarceration ahead of his original projected release date of September 3, 2028.

Okeke, 38, was sentenced to 10 years in prison in February 2021 after pleading guilty to conspiracy to commit wire fraud. The charges stemmed from a sophisticated business email compromise (BEC) scheme between 2015 and 2019, where he and associates used phishing tactics to divert funds, including a major interception targeting Unatrac Holding Limited, a UK-based exporter linked to Caterpillar Inc.

Prosecutors described the operation as causing “staggering losses of about $11 million” to victims through impersonation and computer hacking.

His early release is widely attributed to good conduct credits and provisions under the First Step Act, a U.S. criminal justice reform law that allows sentence reductions for certain non-violent offenders.

Reports from outlets including Linda Ikeji’s Blog, Peoples Gazette, and BusinessDay indicate that deportation proceedings to Nigeria are underway, consistent with his non-U.S. citizen status and the terms of his plea agreement. As his crimes were federal, a transfer to state custody is considered unlikely.

Once hailed as a rising star in African entrepreneurship, Okeke founded the Invictus Group, claiming investments in construction, agriculture, oil and gas, telecommunications, and real estate across Nigeria, South Africa, and Zambia.

In 2016, he was featured on Forbes Africa’s 30 Under 30 list, celebrated for his purported success story from humble beginnings.

His 2019 arrest by the FBI at Dulles International Airport as he attempted to leave the U.S. marked a dramatic fall, sparking widespread discussions on cybercrime, the allure of quick wealth, and scrutiny of young Nigerian entrepreneurs.

With his release, questions now focus on Okeke’s future: potential supervised release conditions in the U.S., his return to Nigeria, and any ongoing restrictions.

No official statement has been issued by U.S. authorities or Okeke’s representatives regarding the exact terms of his release.

The case continues to highlight global efforts to combat BEC scams, which remain a significant threat to businesses worldwide.

President Bola Ahmed Tinubu and First Lady Senator Oluremi Tinubu celebrated Christmas Day with traditional courtesy visits in Lagos, including a stop at the residence of renowned philanthropist and business mogul Chief Kessington Adebutu, popularly known as Baba Ijebu.

Later, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, paid a reciprocal visit to the President’s Lagos residence.

The outings underscore the President’s commitment to cultural ties, family traditions, and unity during the festive season, as he spends the Yuletide holidays in his home state.

See photos below:

Photos 1 & 2: President Bola.Ahmed Tinubu and First Lady Senator Oluremi Tinubu, visit Chief Kessington Adebutu in Lagos. Thursday, December 25, 2025

Photo 3: Ooni of Ife, Oba Adeyeye Enitan Ogunwusi visits President Bola Ahmed Tinubu and First Lady Senator Oluremi Tinubu at the President’s residence in Lagos. Thursday, December 25, 2025

Photo 4: President Bola Ahmed Tinubu and Ooni of Ife, Oba Adeyeye Enitan Ogunwusi at the President’s residence in Lagos. Thursday, December 25, 2025

The visits were highlighted on the official State House website and widely shared across media outlets, reflecting the warm exchanges among Nigeria’s leaders during the holidays.

President Tinubu, who arrived in Lagos earlier in December for the festive period, continues to blend rest with engagements honoring longstanding relationships.