News
Senate justifies exotic vehicles for members, says Nigerian roads bad
The Senate has justified the purchase of 360 Sports Utility Vehicles for its members.
The Red Chamber was, however, silent on the actual cost of each vehicle but explained that members preferred the imported SUVs to locally manufactured ones.
Earlier, the Socio-Economic Rights and Accountability Project asked a Federal High Court in Lagos to stop the lawmakers from taking delivery of the SUVs pending the hearing and determination of the applications for injunction filed by the organisation.
The group’s applications for interim and interlocutory injunction followed reports that members of the House of Representatives are set to procure and take delivery of SUVs valued at N57.6 billion. According to reports, each of the SUVs would cost about N160 million.
Reacting to the development at a news conference on Tuesday, the Chairman of the Committee on Senate Services, Sunday Karimi, noted that Nigerians were picking on lawmakers but ignoring ministers who got about four official vehicles.
Karimi said, “Somebody that is a minister has more than three Land Cruisers, Prado and other vehicles and you are not asking them questions, why us?
“These vehicles that you see, go to Nigeria roads today, If I go home once, my senatorial district, I come back spending a lot on my vehicles because our roads are bad.
“I said the decision that we took on using Land Cruiser is the cost and durability.”
He explained further, “Before they came up with this. It is not the decisions of the senators alone, we analysed arriving at Land Cruisers.
“It was based on a comparative analysis of the cost of technical issues and durability on Nigerian roads.
” We want something that we can maintain for another four years and the issue of buying vehicles from the National Assembly, you know it is a recurring issue, it occurs every assembly, it will always come up. “
The lawmaker further explained that even at the state level, assembly members had access to official vehicles.
Karimi added, “If you got to state Houses of Assembly today, check out, most of them before they were even inaugurated, the governor would have bought vehicles waiting for them even local government chairmen.
“I drove the vehicle my local government chairman uses, so why the National Assembly?”
Justifying the high cost of the vehicles, Karimi said it was because the National Assembly owed the suppliers about N16bn.
He said, “I am the chairman of, the senate service. When I came into the senate, when they gave me their liability, they had a liability of over N16 billion that is made up of different vehicles of the 7th, 8th and 9th Assemblies.
“If you are a businessman and you supply vehicles for somebody in 2014 or 2015 or so and up till now they owed you.
“I am not trying to defend anybody, if you see them selling Land Cruisers in the market let’s say it is A cost, you don’t expect somebody that will supply it to supply it at the price they are selling it in the market.
“It has to leave a margin and the civil service for supply allowed for 25% margin plus that and VAT and I think that VAT is 7.5. Out of that 25% margin, they will still remove 5% tax from it.
“It has to leave a margin and the civil service for supply allowed for 25% margin plus that and VAT and I think that VAT is 7.5. Out of that 25% margin, they will still remove 5% tax from it.
“You are telling someone to supply and he may even not end up making payment for three years and you want him to supply at the price they are selling in the market, it is not possible.”
News
16-Year-Old Osasere Okundaye Becomes Nigeria’s Youngest Chartered Accountant
In a remarkable feat that has captured national attention, 16-year-old student Osasere Okundaye has emerged as Nigeria’s youngest chartered accountant, shattering the previous record set in 2022.
Okundaye successfully completed the professional examinations of the Institute of Chartered Accountants of Nigeria (ICAN), earning widespread acclaim as a shining example of youthful excellence and determination. Her achievement comes at an age when many peers are still navigating secondary education or early university studies.
Minister of Youth Development Ayodele Olawande congratulated the young prodigy, describing her accomplishment as an inspiring milestone. “I heartily congratulate Miss Osasere Okundaye on her outstanding achievement of becoming Nigeria’s youngest Chartered Accountant at just 16 years of age,” the minister said, highlighting her hard work and resilience as a symbol of the potential within Nigerian youth.
Okundaye’s success surpasses the record previously held by Jonathan Adewale (also known as Ojo Jonathan Adewale), who qualified as a chartered accountant at age 17 in 2022. Her qualification has sparked pride across the country and renewed focus on empowering young Nigerians in professional fields.
While full ICAN membership typically requires additional practical experience (usually three years), Okundaye’s completion of the rigorous exams marks a historic breakthrough. Details about her educational background and the journey to this achievement are still emerging, but her story is already motivating aspiring accountants and students nationwide.
This milestone underscores the growing narrative of exceptional young talent driving Nigeria forward in various sectors. Congratulations poured in from across social media and media outlets, celebrating Okundaye as a beacon of hope for the nation’s future.
News
JUST IN: Vigilante Groups Rescue Kidnapped NECO Students in Borno State
Local vigilante groups have successfully rescued several students of the National Examinations Council (NECO) who were abducted in Borno State, security sources confirmed on Monday.
The students were reportedly kidnapped while traveling or residing in the area for examination purposes. Details of the exact number rescued and the circumstances of the abduction remain limited, but eyewitness accounts indicate that vigilante fighters acting on intelligence engaged the kidnappers, leading to the release of the captives without major casualties reported among the students.
A community leader in the affected area praised the swift response of the vigilantes, stating that their deep knowledge of the local terrain played a crucial role in tracking the abductors. “These boys and girls were on their way to pursue their education. We thank God and our local defenders for bringing them back safely,” he said.
Borno State has faced persistent security challenges, including banditry and insurgent activities that have occasionally targeted schools and students. The rescue operation highlights the growing reliance on community-based security networks in complementing efforts by the Nigerian military and police in the region.
Authorities are yet to issue an official statement on the incident, but sources say efforts are ongoing to reunite the rescued students with their families and provide necessary medical and psychological support. Investigations into the kidnapping are also underway to apprehend those responsible.
This latest incident comes amid broader concerns over the safety of students in northern Nigeria during examination periods.
News
EFCC Charges Former Port Harcourt, Warri Refinery MDs with Money Laundering
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has filed separate money laundering charges against the immediate past Managing Directors of the Port Harcourt Refining Company (PHRC) and the Warri Refining and Petrochemical Company (WRPC).
The accused are Ahmed Adamu Dikko, former MD of the Port Harcourt Refinery, and Jimoh Olasunkanmi Yisawu, former MD of the Warri Refinery. The charges stem from the alleged diversion and laundering of funds earmarked for the rehabilitation of Nigeria’s state-owned refineries.
According to court documents and investigations by PREMIUM TIMES, the EFCC accused the former officials of abusing their positions by receiving and laundering large sums of money through third parties in connection with controversial turnaround maintenance contracts.
The probe forms part of a broader investigation into alleged fraud involving billions of dollars linked to the rehabilitation of the Port Harcourt, Warri, and Kaduna refineries. EFCC sources have indicated that the total amount under scrutiny runs into billions, with earlier recoveries reported at ₦38.66 billion alongside other properties.
The charges include multiple counts of money laundering, with Dikko and Yisawu allegedly involved in diverting public funds meant for critical refinery upgrades. This comes amid ongoing scrutiny of officials from the Nigerian National Petroleum Company Limited (NNPCL) and contractors involved in the projects.
The development is the latest in a series of actions by the EFCC targeting alleged corruption in Nigeria’s oil sector, where massive investments in refinery rehabilitation have yielded limited operational improvements despite significant expenditures.
As of the time of filing, court proceedings for the arraignment of the former MDs were underway. The EFCC has not yet issued an official statement on the matter.
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