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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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Delta Governor Oborevwori gifts 65 SUVs to traditional rulers

In response, the Chairman of the Delta State Council of Traditional Rulers and the Orodje of Okpe Kingdom, HRM Major General Felix Mujakperuo (Rtd.), Orhue I, described the gesture as a timely and symbolic intervention that strengthens grassroots governance and peace-building across the state.

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•Delta State Governor, Sheriff Oborevwori

The Delta State Governor, Sheriff Oborevwori, has presented 65 brand new Sports Utility Vehicles, SUVs, to traditional rulers across the state.

During the presentation of the 60 brand new Prados and five Land Cruisers to the beneficiaries, Oborevwori described traditional fathers as “tools of service” for guardians of peace and stability.

Governor Oborevwori said that the decision to provide rugged SUVs was deliberate, given the rural and difficult terrains in which many traditional rulers operate.

He emphasised that traditional rulers are not merely custodians of customs, norms and traditions but vital intermediaries between government and the people at the grassroots.

Oborevwori explained that the state’s traditional rulers have made governance easier and more effective for him.

In response, the Chairman of the Delta State Council of Traditional Rulers and the Orodje of Okpe Kingdom, HRM Major General Felix Mujakperuo (Rtd.), Orhue I, described the gesture as a timely and symbolic intervention that strengthens grassroots governance and peace-building across the state.

He assured the governor of the traditional institution’s unwavering support for his administration.

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BREAKING: Another Newswatch Magazine Co-Founder Passes Away – Yakubu Mohammed Dies at 75

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In a somber development for Nigeria’s journalism community, Yakubu Mohammed, a co-founder of the iconic Newswatch magazine and its former deputy chief executive officer, has died at the age of 75.

Mohammed’s passing, announced recently, follows closely on the heels of the death of his longtime colleague and fellow co-founder, Dan Agbese, who succumbed to a prolonged illness on November 17, 2025, at age 81.

This marks yet another significant loss among the pioneering generation that launched Newswatch in 1984, revolutionizing investigative journalism in Nigeria.

Alongside Dan Agbese, Ray Ekpu, and the late Dele Giwa (who was tragically assassinated via a parcel bomb in 1986), Mohammed helped establish Newswatch as a trailblazing weekly newsmagazine known for its bold, fearless reporting and commitment to truth during a turbulent era in Nigerian history.

Reports indicate that Mohammed had been battling an undisclosed ailment before his death. Just months prior, in October 2025, he released his memoir, Beyond Expectations, which provides deep insights into the magazine’s founding, its challenges, and its enduring impact on Nigerian media.

The deaths of Agbese and now Mohammed represent profound blows to the legacy of Newswatch, which set new standards for ethical, investigative, and interpretative journalism in the country.

Tributes are expected to pour in from media practitioners, political leaders, and the public as the nation mourns another pillar of its press freedom movement. May his soul rest in perfect peace.

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U.S. delivers ‘critical military assets’ to battle terrorists, bandits

Nigeria’s Chief of Air Staff, Air Marshal Sunday Aneke, visited the U.S. to quicken the process for the supply of 12 AH-1Z fighter jets by Bell Textron of California.AH-1Z, a modern attack helicopter, is equipped with advanced sensors and precision-guided weapons with night-fighting capabilities.

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The US Africa Command (AFRICOM), has confirmed the delivery of critical military supplies to Nigeria to support the ongoing security operations against terrorists and other non-state actors.

“This delivery supports Nigeria’s ongoing operations and emphasises our shared security partnership,” said AFRICOM on its official X account yesterday.

AFRICOM, however, did not name the “critical military” tools.

Nigeria’s Chief of Air Staff, Air Marshal Sunday Aneke, visited the U.S. to quicken the process for the supply of 12 AH-1Z fighter jets by Bell Textron of California.AH-1Z, a modern attack helicopter, is equipped with advanced sensors and precision-guided weapons with night-fighting capabilities.

The supply of the critical military tools came after Washington launched deadly strikes on terrorists in the Northwest on December 24.

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