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Release $717.4m trapped funds to foreign airlines, Senate Urges CBN

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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.

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Arise News anchor Somtochukwu Maduagwu: Witness Discloses How Police Rounded Up Assailants‎‎

This prompted an adjournment until Thursday, 23 April, for conclusion of the evidence-in-chief for the third prosecution witness and for cross-examination.‎

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The trial of the eleven defendants linked to the murder of Arise News journalist and anchor Somtochukwu Maduagwu during a robbery at her apartment continued Tuesday with the third prosecution witness giving details of how arrests were made.

‎‎During proceedings at the High Court of the FCT sitting in Jabi, Maxwell Eje, an Assistant Superintendent of Police and member of the Scorpion Squad, CID-FCT Command, said that the arrest of the defendants began with Shamsu Hassan.‎‎

The police discovered, on 30 September 2025, that Hassan had fled to Zaria, Kaduna State after the robbery at Unique Apartments in Katampe a day earlier, during which Miss Maduagwu jumped to her death from her three-storey apartment.‎‎

ASP Eje informed the court that Shamsu Hassan admitted to the crime and agreed to cooperate with the authorities to disclose the hideout of others.‎‎

Hassan informed on Sani Surajo, who was receiving treatment at an unnamed hospital in Gosa, a suburb along the airport road in Abuja.‎‎

Surajo was shocked at the sight of the Scorpion Squad operatives at the hospital, the witness said.‎‎

He too agreed to cooperate and assist with useful information on the whereabouts of others who took part in the robbery.‎‎

The witness testimony of ASP Maxwell Eje did not reach cross-examination as Dennis Abu, counsel for the seventh to eleventh defendants—who also held brief for counsel to the first and third defendants—sought leave of the judge, Mohammed Idris, to attend a medical appointment.‎‎

This prompted an adjournment until Thursday, 23 April, for conclusion of the evidence-in-chief for the third prosecution witness and for cross-examination.‎

The prosecutor had earlier informed the court that he had two witnesses available at the start of Tuesday’s proceedings.‎‎

The FCT Police Commissioner instituted the lawsuit against the 11 defendants charged with conspiracy, armed robbery, and murder in connection with the 29 September 2025 armed robbery at Unique Apartments in Katampe, Abuja, during which Arise News anchor/journalist Somtochukwu “Sommie” Maduagwu and security guard Barnabas Danlami were killed.‎

The trial began on 10 February 2026 after earlier delays due to the absence of defendants or other issues.‎

The first prosecution witness, Sani Yusuf, a civil engineer and former resident of Unique Apartments, and the second, Fatou Toborteh, another former resident, have so far testified about the events of 29 September.‎

Both described masked armed assailants raiding apartments but stated they could not identify any of the 11 defendants (who were masked during the attack).‎

The defendants are Shamsu Hassan, Sani Surajo, Hassan Isah, Abubakar Alkamu, Abdulsalam Saleh, and Suleiman Badamosi.

Others are Zaradeen Mohammed, Musa Umar ‘Aka’ Small, Mashikur Jamil, Suleiman Sani, and Abubakar Usman.‎

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Edun, Dangiwa quit Tinubu’s cabinet * Oyedele becomes Finance Minister

Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy. He has been directed to hand over to Mr. Taiwo Oyedele who is now to take over as Minister of Finance and Coordinating Minister of the Economy.

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President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the memberships of the Federal Executive Council.

In a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements have been named.

Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy. He has been directed to hand over to Mr. Taiwo Oyedele who is now to take over as Minister of Finance and Coordinating Minister of the Economy.

Oyedele was formerly a Minister of State in the ministry.

Also Mr. Muttaqha Rabe Darma has been named as the ministerial nominee and minister designate for the Housing and Urban Development Ministry.

The memo also directed Dangiwa to hand over to the Minister of State in the ministry.

The memo stated that “all handing over and taking over processes should be completed on or before close of business on Thursday 23rd April, 2026.”

Explaining the President’s decision, Akume said: “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”

He said the President, in approving the cabinet reshuffle, has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended).

The President thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours.

The President, Akume noted, equally assured all cabinet members that “the process of reinvigoration shall be continuous.”

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Alleged Coup Plot: FG Files Charges Against Suspects arrested by DSS

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The Federal High Court sitting in Abuja on Tuesday filed a 13-count charges, under case number FHC/ABJ/CR/206/2026, against five suspects arrested by the Department of State Services (DSS) in connection with an alleged foiled coup plot.

The suspects- Major General Mohammed Ibrahim Gana (rtd), Captain (NN) Erasmus Ochegobia Victor (rtd), Inspector Ahmed Ibrahim, Zekeri Umoru, Bukar Kashim Goni, and Abdulkadir Sani, were apprehended by the agency following intelligence that uncovered plans to overthrow the government.

The charges filed against them include treasonable felony, conspiracy to overthrow the Government, conspiracy to commit terrorism and other offenses related to national security threats.

Recall that in September 2025, a joint covert operation led by the DSS had uncovered a deadly plot by some serving military officers to destabilize the government and undermine Nigeria’s democracy.

This led to the arrest of some alleged key figures involved in the coup.

“The arraignment points to the federal government’s resolve to counter subversive threats amid ongoing efforts to maintain stability in the country”, a source affirmed.

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