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SERAP Seeks Spending Details Of N400bn Fuel Subsidy Savings from Tinubu

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The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Ahmed Tinubu to use his good offices and leadership position to “urgently publish details of spending of about N400bn so far saved as a result of the removal of subsidy on Premium Motor Spirit (PMS) popularly called petrol.”

SERAP urged him to “provide details of the plans on how subsequent savings from the removal of subsidy on petrol, including specific projects on which the funds would be spent, and the mechanisms that have been put in place to ensure that any such savings are not embezzled, misappropriated or diverted into private pockets.”

According to reports, the Federal Government has saved N400bn within the four weeks following the implementation of the policy on the removal of payment of subsidy on petrol.

In the letter dated 1 July 2023 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “Your government has a legal responsibility to ensure that the savings from the removal of subsidy on petrol are spent solely for the benefit of the 137 million poor Nigerians who are bearing the brunt of the removal.”

SERAP said, “Prevention of corruption in the spending of savings from the removal of subsidy on petrol and preventing and addressing the challenges caused by the removal are serious and legitimate public interests.”

According to SERAP, “Nigerians have the right to know how the savings are spent. Publishing the details of the spending of the savings would promote transparency, accountability, and reduce the risks of corruption in the spending of the funds.”

The letter, read in part: “SERAP is concerned that the savings from subsidy removal may be embezzled, misappropriated or diverted into private pockets.”

“Opacity in the spending of the savings from subsidy removal would have negative impacts on the fundamental interests of the citizens and the public interest.”

“We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government to comply with our request in the public interest.”

“Unless the government is transparent and accountable to Nigerians in how it spends the savings from the removal of subsidy on petrol, the removal will continue to undermine the rights of Nigerians, and increase their vulnerability to poverty and social deprivation.”

“Transparency would ensure that the funds saved from the removal of subsidy are not diverted into private pockets, and increase public trust and confidence that these savings would be used to benefit Nigerians.”

“The implementation of the National Social Safety Net Programme (NASSP) and spending on the programme have been mostly shrouded in secrecy.”

“Publishing the details of the spending of the N400bn and other savings from the removal of subsidy would also ensure that persons with public responsibilities are answerable to the people for the performance of their duties including the management of the funds.”

“Transparency and accountability in the spending details of the N400bn saved as a result of the removal of subsidy on petrol, and on the spending of subsequent savings from the removal would mean that the savings can help poor Nigerians to overcome the effects of such removal.”

“It would also help to avoid a morally repugnant result of double jeopardy on poor and socially and economically vulnerable Nigerians.”

The lack of transparency and accountability in the spending of savings from the removal of subsidy on petrol and the resulting human costs would directly threaten fundamental human rights that your government has an obligation to protect.”

“Your government has the legal obligations to address the effects of subsidy removal on the human rights of 137 million poor Nigerians, and to prevent and address some of the direst consequences that the removal may reap on human rights, especially given the disproportionate impact on these Nigerians.”

“SERAP also urges you to promptly instruct Independent Corrupt Practices and Other Related Offences Commission (ICPC) and Economic and Financial Crimes Commission (EFCC) to monitor the spending of all savings from subsidy removal.”

“SERAP notes that the removal of subsidy on petrol continues to negatively and disproportionately affect poor Nigerians, undermining their right to adequate standard of living.”

“Your government has a positive obligation to protect individuals against the threat posed to human rights by the removal of subsidy on petrol. Your government also has legal obligations to effectively address the aftermath of subsidy removal.”

“SERAP is seriously concerned that years of allegations of corruption and mismanagement in the spending of public funds and entrenched impunity of perpetrators have undermined public trust and confidence in governments at all levels.”

“The Freedom of Information Act, Section 39 of the Nigerian Constitution, article 9 of the African Charter on Human and Peoples’ Rights and article 19 of the International Covenant on Civil and Political Rights guarantee to everyone the right to information, including the details of how the N400bn and other savings from the removal of subsidy on petrol would be spent.”

“By the combined reading of the provisions of the Nigerian Constitution 1999 [as amended], the Freedom of Information Act 2011, and the African Charter on Human and Peoples’ Rights, there are transparency obligations imposed on your government to widely publish the details of how the N400bn and other savings from the removal of subsidy on petrol are spent.”

“The Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that citizens should have access to information regarding their government’s activities.”

“Section 13 of the Nigerian Constitution imposes clear responsibility on your government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on your government to “abolish all corrupt practices and abuse of power” in the country.”

“Under Section 16(1) of the Constitution, your government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’”

“Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’”

“Similarly, articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on your government to ensure proper management of public affairs and public funds, and to promote sound and transparent administration of public affairs.”

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FG Approves U.S airstrikes on Terrorists , says foreign minister Tuggar

Tuggar said the strikes had been planned “for quite some time” using intelligence provided by Nigeria. He also did not rule out further strikes.

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• President Donald Trump and President Bola Tinubu

The Nigeria government has confirmed that the US bombing of terrorists camps linked to the Islamic State group (IS) in north-western Nigeria, was a joint operation with the Nigerian army.

On Thursday Christmas night, camps run by the Lakurawa terrorists group in Sokoto state were hit near the border with Niger, the US military said.

Nigerian Foreign Minister Yusuf Maitama Tuggar told the BBC that it was a “joint operation” and had “nothing to do with a particular religion”.

Tuggar said the strikes had been planned “for quite some time” using intelligence provided by Nigeria. He also did not rule out further strikes.

Referencing the timing of strikes – which took place late on Thursday – he said they did not have “anything to do with Christmas”.

The US military said an “initial assessment” suggested “multiple” fatalities in Sokoto state.

A local official in the Tangaza area of Sokoto state, Isa Salihu Bashir, told the BBC the strikes had “hit some Lakurawa terrorist camps”. He said many fighters had been killed but the death toll was unclear

US President Donald Trump said the Christmas Day strikes had been “deadly” and labelled the group “terrorist scum”, saying they had been “targeting and viciously killing, primarily, innocent Christians”.

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University lecturers to Get 40% Salary Increase – Tinubu

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The Federal Government under President Bola Ahmed Tinubu has approved a 40% salary increase for university lecturers as part of a landmark renegotiated agreement with the Academic Staff Union of Universities (ASUU), ending an eight-year review process of the 2009 FGN-ASUU pact.

The agreement, concluded on December 23, 2025, was announced by ASUU in a circular dated December 24, 2025, describing it as a comprehensive framework aimed at revitalizing Nigeria’s public university system.

Key highlights of the deal include:

– A 40% upward review of academic staff salaries under improved conditions of service.

– Reaffirmation of pension benefits, allowing professors to retire at age 70 with a pension equivalent to their final annual salary, subject to service requirements.

– Introduction of a tailored budgeting template to address universities’ specific funding needs.

– Provisions for enhanced university autonomy, academic freedom, and systemic reforms to curb brain drain and underfunding.

– Commitments to innovation, research funding through a proposed National Research Council, and duty-free imports for educational materials.

ASUU expressed optimism that the government would commence prompt implementation, with the new salary structure expected to take effect from January 1, 2026.

The breakthrough averts potential industrial action, following months of tense negotiations that began in 2017. Earlier reports in November and early December indicated the government’s proposal of the 40% increment as a key offer to resolve lingering disputes over withheld salaries, earned allowances, and revitalization funds.

Multiple outlets, including Politics Nigeria, The Star, Legit.ng, and The Guardian, confirmed the agreement, noting its potential to stabilize the tertiary education sector amid ongoing challenges like inflation and emigration of academics.

Education stakeholders have welcomed the development, viewing it as a significant step toward addressing long-standing grievances in Nigeria’s public universities.

The Ministry of Education is yet to issue an official statement, but sources indicate alignment with President Tinubu’s directive to avoid disruptions in the academic calendar.

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Crime

Invictus Obi Released from U.S. Prison After Serving Time in $11 Million Fraud Case

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Obinwanne Okeke, the Nigerian businessman popularly known as Invictus Obi, has been released from United States federal prison after serving approximately six years for his involvement in an $11 million internet fraud scheme, multiple reports confirmed on Thursday.

Records from the U.S. Federal Bureau of Prisons (BOP) inmate locator indicate that Okeke is listed as “Not in BOP Custody as of: 12/23/2025,” signaling his exit from federal incarceration ahead of his original projected release date of September 3, 2028.

Okeke, 38, was sentenced to 10 years in prison in February 2021 after pleading guilty to conspiracy to commit wire fraud. The charges stemmed from a sophisticated business email compromise (BEC) scheme between 2015 and 2019, where he and associates used phishing tactics to divert funds, including a major interception targeting Unatrac Holding Limited, a UK-based exporter linked to Caterpillar Inc.

Prosecutors described the operation as causing “staggering losses of about $11 million” to victims through impersonation and computer hacking.

His early release is widely attributed to good conduct credits and provisions under the First Step Act, a U.S. criminal justice reform law that allows sentence reductions for certain non-violent offenders.

Reports from outlets including Linda Ikeji’s Blog, Peoples Gazette, and BusinessDay indicate that deportation proceedings to Nigeria are underway, consistent with his non-U.S. citizen status and the terms of his plea agreement. As his crimes were federal, a transfer to state custody is considered unlikely.

Once hailed as a rising star in African entrepreneurship, Okeke founded the Invictus Group, claiming investments in construction, agriculture, oil and gas, telecommunications, and real estate across Nigeria, South Africa, and Zambia.

In 2016, he was featured on Forbes Africa’s 30 Under 30 list, celebrated for his purported success story from humble beginnings.

His 2019 arrest by the FBI at Dulles International Airport as he attempted to leave the U.S. marked a dramatic fall, sparking widespread discussions on cybercrime, the allure of quick wealth, and scrutiny of young Nigerian entrepreneurs.

With his release, questions now focus on Okeke’s future: potential supervised release conditions in the U.S., his return to Nigeria, and any ongoing restrictions.

No official statement has been issued by U.S. authorities or Okeke’s representatives regarding the exact terms of his release.

The case continues to highlight global efforts to combat BEC scams, which remain a significant threat to businesses worldwide.

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