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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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Senate postpones plenary resumption to March 10

The leadership of the Senate urged all Distinguished Senators to take note of the new date and time for resumption, while expressing regret over any inconvenience the change might have caused.

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The Senate has postponed the resumption of its plenary session earlier scheduled for Thursday, March 5, 2026.

The development was contained in a notice issued on the directive of the President of the Senate, Godswill Obot Akpabio.

In the notice, signed by the Clerk to the Senate, Emmanuel Odo, the plenary will now reconvene in the Senate Chamber on Tuesday, March 10, 2026, at 11:00 a.m.

The leadership of the Senate urged all Distinguished Senators to take note of the new date and time for resumption, while expressing regret over any inconvenience the change might have caused.

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National Police Council Ratifies Disu’s Appointment

Disu is now expected to proceed to the senate for confirmation as the last hurdle before attaining a substantive position as the IGP.

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The National Police Council has ratified the appointment of Olatunji Disu as the acting Inspector General of Police.

The decision was taken at a meeting presided over by President Bola Tinubu , the third National Police Council session under his administration since taking office.

Disu was nominated by the president last week following the resignation of Kayode Egbetokun .

Disu is now expected to proceed to the senate for confirmation as the last hurdle before attaining a substantive position as the IGP

The National Police Council is responsible for the organisation, administration and operational oversight of the Nigeria Police Force, including the appointment and discipline of senior officers.Governors of Kwara, Ogun, Lagos, Ondo, Enugu and Plateau states attended the meeting, alongside the ministers of Police Affairs, the Federal Capital Territory and Interior.

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DSS Arrests Suspect Over Edo Attack on Peter Obi, Others

Stephen stated online that Obi was lucky to have escaped in Benin, and vowed that the former presidential candidate wouldn’t be that lucky next time.

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• Suspect Udeme Monday Stephen, posted on his X account @stevetom788.

The Department of State Services (DSS) has arrested a man suspected of being behind the recent attempt to assassinate the 2023 presidential candidate of the Labour Party (LP), Mr. Peter Obi, in Benin, the Edo State capital.

Obi, a former governor of Edo State, Chief John Oyegun, and several chieftains and members of the opposition All Democratic Congress (ADC), on February 24, escaped death by the whiskers when armed men fired several gunshots at them at their party’s meeting in Benin.

Shortly after the attack, one Udeme Monday Stephen, posted on his X account @stevetom788.

He claimed responsibility for the attack and threatened further attacks on Obi.

Stephen stated online that Obi was lucky to have escaped in Benin, and vowed that the former presidential candidate wouldn’t be that lucky next time.

“We warned Obi against his entrance into Edo State, but he mistook our resolve for his Obidiots online noise. Thank his stars he (Obi) survived this one…

“I learned that he’s going to my Rivers State… Na my men go handle that one and dem no dey miss target… Speak no peace to a bastard and wish him no long life, for he’s destined to die,” posted Udeme.

A top security source disclosed that, no sooner had Stephen issued the threat than DSS operatives began covert investigation, deploying forensic analysis to track and arrest him.

The source disclosed that the suspect is 26 year old called Udeme Monday Stephen, and teaches at Jessica High School in Eliozu, Rivers State, at Umuehere Community, in Obio-Akpor LGA of the state.

“I strongly believe that the outcome of the agency’s forensic investigations implicated the suspect,” the source stressed”

You know that, as a responsible security organisation saddled with the task of counter-espionage, VIP protection, among other asset protection duties, the DSS is always alive to its responsibility of investigating credible intelligence, irrespective of tribe or religion.

“They swiftly deployed operatives and the man who threatened Peter Obi was nabbed and is in custody,” the source declared, adding that Stephen would soon be charged to court.

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