SERAP sues CBN over ₦3trn allegedly unaccounted for, Including ₦629bn in Anchor Borrowers’ funds

By Adeyemi David The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its alleged failure to account for ₦3 trillion in public funds, including more than ₦629 billion paid to “unknown beneficiaries” under the Anchor Borrowers’ Programme. In a statement on Sunday, SERAP Deputy Director…

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Osun governorship poll: INEC clears 14 political parties, PDP, Labour Party miss out

By Adeyemi David The Independent National Electoral Commission (INEC) has approved 14 political parties to participate in the August 8 governorship election in Osun State, excluding the Peoples Democratic Party (PDP) and the Labour Party (LP) from the contest. This was disclosed in a statement issued by the commission’s Public Relations Officer in the state,…

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NCAA defends regulatory crackdown, warns airlines against non-compliance

By Adeyemi David The Nigerian Civil Aviation Authority (NCAA) has raised concerns over what it described as persistent regulatory compliance challenges within Nigeria’s aviation industry, warning that no operator is above the law. The Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, said some industry stakeholders have grown accustomed to “anyhowness”…

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Osun: APC, Oyebamiji faults Adeleke over ‘incompetence, economic uncertainty’

….As five lawmakers dump PDP for APC By Adeyemi David The governorship candidate of the All Progressives Congress (APC) in Osun State, Munirudeen Bola Oyebamiji, has criticised the administration of Governor Ademola Adeleke, accusing it of incompetence and steering the state toward economic uncertainty. Oyebamiji made the remarks while receiving five federal lawmakers who defected…

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NDLEA intercepts cocaine, skunk shipments as suspects excrete 236 drug pellets at airports

By Adeyemi David Operatives of the National Drug Law Enforcement Agency (NDLEA) have recorded major successes in ongoing anti-narcotics operations, intercepting multiple illicit drug consignments and arresting several suspects across the country, including three traffickers who excreted a combined 236 wraps of cocaine after being apprehended at international airports. A China-based Nigerian businessman, Ibeanu Vincent…

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NUPRC, NIMASA pledge collaboration to boost Nigeria’s investment climate

By Adeyemi David The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Maritime Administration and Safety Agency (NIMASA) have reaffirmed their commitment to enhancing Nigeria’s investment climate through strengthened inter-agency collaboration. The development followed a meeting on Friday, February 13, 2026, at the corporate headquarters of NUPRC in Abuja, where the Commission’s Chief Executive,…

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States sink deeper into debt, poverty worsens, despite record FAAC windfalls

By Adeyemi David Nigeria’s state governments have witnessed unprecedented revenue growth in the past two years, driven by rising Federation Account Allocation Committee (FAAC) disbursements, fuel subsidy removal, foreign exchange reforms, and improved oil receipts. Total FAAC allocations surged from N8.21 trillion in 2022 to N15.26 trillion in 2024, and preliminary data for 2025 indicates…

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