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Release $717.4m trapped funds to foreign airlines, Senate Urges CBN
The central Bank of Nigeria on Wednesday has been asked to release trapped $717,478,606 airlines funds in the country.
The Senate made the call to CBN while also allocating the sum of $25 million to airlines operating in Nigeria at its fourth-nightly dollar auction.
These resolutions were reached sequel to the consideration of a motion titled, ‘Current Issues on airlines blocked funds in Nigeria’, sponsored by Sen. Biodun Olujimi (PDP-Ekiti) at the plenary in Abuja and chaired by the Senate Committee on Aviation.
The vice chairman of the committee, Sen. Bala Na’Allah (APC-Kebbi) presented the motion on behalf of Olujimi.
The upper chamber of the National Assembly also called on the Federal Government to urgently reverse the current trend of increasing airlines blocked funds in Nigeria.
It called on President Muhammadu Buhari to direct the CBN Governor, Godwin Emefiele, to pay up the blocked funds to the affected airlines.
The Senate further appealed to the airlines operating in the country not to withdraw their services, saying efforts were ongoing to resolve the issue.
Moving the motion, Na’Allah said since January 2021, Nigeria has been the most challenging country in the world for the airlines to repatriate their funds to support their operation.
In February, Nigeria alone accounted for 44 per cent of total airlines blocked funds in the entire world.
The total airlines blocked funds in Nigeria as of March amounted to $717.4 million comprising matured bids that the CBN was yet to deliver, bids yet to mature, and cash balances in airlines’ accounts for repatriation.
News
JUST IN: Court Grants Nasir El-Rufai N100m Bail Over Alleged National Security Breach
The Federal High Court in Abuja has granted bail to former Kaduna State Governor, Nasir El-Rufai, in the sum of N100 million with one surety in like sum.
Justice Joyce Abdulmalik handed down the ruling on Monday in the case filed by the Department of State Services (DSS), which is prosecuting El-Rufai for alleged breach of national security.
The former governor had publicly admitted on national television to wiretapping the office of the National Security Adviser, Mallam Nuhu Ribadu.
While granting the bail application, Justice Abdulmalik imposed stringent conditions for its perfection. The proposed surety must:
- Reside in either Maitama or Asokoro, Abuja, and deposit the original Certificate of Occupancy of a landed property with the court registry.
- Be a federal civil servant on Grade Level 17 or above.
- Submit proof of salary payments for the past three months, supported by an authentication letter from the branch bank manager within the court’s jurisdiction.
- Swear to an affidavit of means, sign a bail bond, and provide a recent passport photograph.
Additionally, El-Rufai must surrender all his valid passports to the court. The surety is also required to provide a verification letter from his immediate department and a tax clearance certificate for the last six months.
The court further directed El-Rufai to submit a letter of attestation from the Chairman of the Kaduna State Traditional Council.
As part of the bail conditions, the former governor must report to the DSS headquarters on the last Friday of every month by 10 a.m. to sign the attendance register until the determination of the case.
Justice Abdulmalik warned that any violation of these conditions would result in the immediate revocation of the bail. The court also ordered an accelerated hearing of the matter.
News
Abu-Bilal al-Minuki: Deadly But Harmless Looking – Poison Dart Frog
Positions that used to be dominated by Syrian and Iraqis in the top echelons of the Islamic State leadership are now filled by African veteran jihadists from all over the continent.
Abu Bilal al-Mainuki was elevated to the position of head of the Islamic State General Directorate of Provinces, replacing Abdul Qadir Mumin (Somali national) only three months ago in February 2026.
This placed him as the second in charge of the Islamic State global organization right after the Caliph Abu Hafs al-Hashimi.
Positions that used to be dominated by Syrian and Iraqis in the top echelons of the Islamic State leadership are now filled by African veteran jihadists from all over the continent.
Before February 2026, Abu Bilal al-Mainuki was head of the al-Furqan regional office which oversees the Sahelian, Libyan and West African Provinces.
Before that he was second-in-command to Abu Musab al-Barnawi, he was a staunch ally of the latter during the split and war against Shekau’s JAS (Boko Haram) and was a significant pillar in consolidating the gains captured from Shekau following his death and the mass defections from JAS to ISWAP.
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Senate Rule Amendment: Debate Should Focus on Institutional Stability, Not Personalities – Eyiboh
The heated controversy triggered by the recent amendment to the Senate Standing Rules has been dominated by personalities and emotions rather than substantive institutional issues, Rt Hon Eseme Eyiboh has said.
In a strongly worded statement, the Special Adviser on Media and Publicity to the Senate President argued that the core question before the Senate is not about Senator Godswill Akpabio or Senator Adams Oshiomhole, but whether Nigeria’s legislature should strengthen itself through rules that promote continuity, competence, and long-term stability.
Eyiboh noted that every serious institution worldwide periodically reviews and updates its rules in response to practical experience. “The refusal to review procedures in the face of experience is often a sign of stagnation, not democracy,” he said.
The amendment, which sets a minimum legislative experience threshold for senators aspiring to presiding and principal offices, should be examined through the lens of institutional development, he added.
The former House of Representatives member emphasised that the Senate Presidency is one of Nigeria’s most sensitive constitutional positions. It demands more than political popularity — it requires deep knowledge of parliamentary procedures, committee systems, constitutional interpretation, negotiation, and intergovernmental relations.
“Experience matters,” Eyiboh stressed.
He acknowledged that critics have valid concerns that experience requirements could entrench incumbents and create a closed oligarchy. However, he maintained that the proper response is not to reject minimum standards, but to set a reasonable bar — such as one full term or proven committee leadership — and commit to periodic review to prevent the rule from becoming a barrier to fresh talent.
“Experience without openness becomes arrogance; openness without experience becomes amateurism,” he said. The amendment, according to him, tilts towards correcting amateurism while safeguarding institutional stability.
Eyiboh dismissed suggestions that the rule change was merely intended to shrink competition or protect personal interests. He argued that institutions grow stronger by learning from experience and refining their processes, not by freezing rules indefinitely.
On calls for Senate President Godswill Akpabio to resign if the new qualification is enforced, Eyiboh described the argument as fundamentally flawed. He pointed out the well-established legal principle that laws and rules apply prospectively, not retroactively.
“Senator Akpabio emerged under the rules in existence at the time. Applying today’s standards to yesterday’s mandate is neither legally sustainable nor institutionally rational,” he said.
The statement urged Nigerians and senators to elevate the discussion above personal rivalries and chamber politics. While affirming Senator Oshiomhole’s right to hold dissenting views, Eyiboh insisted the debate must centre on whether the amendment strengthens the Senate as a durable institution.
“Institutions outlive individuals,” he concluded. “Senate Presidents will come and go. But the rules and traditions we establish today will shape legislative stability for decades to come.”
Rt Hon Eseme Eyiboh, mnipr, is a former Member and Spokesperson of the House of Representatives and currently serves as Special Adviser on Media/Publicity and Official Spokesperson to the President of the Senate.
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