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FG Misapplied N1.04trn Special Fund –Senate
The Senate Committee on Public Accounts alleged yesterday that the Federal Government misapplied N1.04 trillion from the Special Funds Accounts (SFA) to unrelated purposes.
The committee’s finding is contained in a report on the status inquiry into the SFA, which was presented on the floor of the Senate in Abuja.
Presenting the report, Chairman, Senate Public Accounts Committee, Senator Ahmed Lawan (ANPP-Yobe), said the infractions were made between 2002 and June 2012.
Lawan said that several approvals of funds from the SFA during the period did not conform with the purposes for which the funds were established.
The SFA was established in 2002 as an interventionist fund for the development of the solid minerals sector, ecology and other critical areas of the economy.
The SFA, managed by the Federal Government, comprises the three per cent Development of Natural Resources Account, 1.46 per cent Derivation and Ecology Account, and 0.72 per cent Stabilisation Account.
Those deductions came from the federation account, said the report.
According to the report, N1.51 trillion accrued to the SFA as at June 30, 2012, from figures obtained from the Office of the Accountant-General of the Federation (OAGF).
Out of the amount, N1.23 trillion was recorded as total payments to beneficiaries from the account, the report said.
However, the report noted that the operation of the natural resources, ecology and stabilisation accounts were grossly abused.
It said several releases under this account were not related to the intendment of the account.
On natural resources account, the report detailed 16 abuses under this account, which amounted to N701.4 billon in 10 years, representing 100 per cent of the total amount released under the period.
Some of the infractions included a N2 billion loan granted for payment to Gitto Costruzioni General Nigeria Limited on September 19, 2005.
Also, the Federal Ministry of Foreign Affairs was granted a loan of N3.7 billion in 2004 to purchase a chancery in Tokyo.
Ostensibly, the loan to the ministry came from the account that was meant to assist states develop alternative mineral resources to oil and gas.
On other infractions to the natural resources account, the report noted that N5.7 billion loan was granted to the Ministry of Power and Steel in 2005 for the payment of severance package to disengaged steel workers.
Similarly, in October 2007, the Ministry of Finance also withdrew N10 billion for the payment of arrears of monetisation benefits owed Federal Government’s parastatals.
On the ecology account, the report said that out of N329.8 billion released during the period under review, N149.8 billion was abused, representing 45 per cent.
The report revealed that N750 million was released for the development of the Abuja Downtown Mall in 2007 from the fund meant to assist states ravaged by ecological problems.
Also misappropriated from the ecological funds was a N1 billion loan to Edo State Government, released in November 2002 and March 2003, respectively.
The Presidential Research and Communication Unit also received N200 million loan from the ecological fund in November 2002.
On the stabilisation account, created to provide for unforeseen contingencies and economic downturn, the report noted that N191.7 billion from the account was misapplied.
A total of N255 billion was released to the account between 2002 and 2012, and the report put its “level of abuse’’ at 75 per cent.
From the account, a loan of N309.2 million was granted to the Inspector-General of Police for purchase of vehicles for the United Nation (UN) peacekeeping operations in Haiti in 2006.
Also, N2.8 billion loan was granted to pay Federal Government of Nigeria 50 per cent contribution to the Phase 1 of the pioneer car finance scheme for public servants in paramilitary agencies in 2007.
The report by the committee also observed that out of N580 billion loans granted from the three accounts, N347.9 billion had yet to be recovered from various beneficiaries several years after.
It also noted that there was no regular reconciliation between the OAGF and the Central Bank of Nigeria.
Our correspondent reports that the committee’s recommendation for the Federal Government to recover all outstanding loans within six months did not pass through at the Senate.
Also, a recommendation for a legislation to be passed by the National Assembly to establish and regulate the SFA was also not passed.
In his explanation, Senate President David Mark said some of the recommendations by the committee had already been captured in a bill before the Senate to regulate the operations of the SFA.
Mark, however, said the report was a “wake-up call’’ to the legislators to be active in their oversight functions.
The Senate, therefore, directed its Public Accounts Committee to investigate further the disbursement and repayment of loans from the SFA.
Earlier, several Senators, who spoke after the presentation of the report, commended the committee for a painstaking work.
The senators were unanimous in their outrage over the revelations from the report and they conceded blame over their lax oversight functions of government agencies.
In his contribution, Senator Victor Ndoma Egba (PDP-Cross River) said the report had shown that “nothing has changed between when this Senate did the investigation into the PTDF and now’’.
Also speaking, Senator Ayogu Eze (PDP-Enugu) said a major lesson from the report was for the Senate to insist that the executive must present a revenue profile before subsequent debates on the budget
“Much as everybody is indicted, the legislature should rise up to its responsibility of overseeing the management of public funds,’’ he said.
On his part, Senator Bukar Ibrahim (ANPP-Yobe) noted that “these abuses have been going on for as long as we have been having governments in Nigeria’’.
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Senate Holds Emergency Meeting ‘Morrow
The Senate has announced that it will hold an emergency plenary sitting tomorrow (Tuesday).
The announcement was made yesterday in a statement signed by the Clerk of the Senate, Emmanuel Odo, who said all senators have been requested to attend.
“The President of the Senate, Godswill Akpabio, has directed the reconvening of plenary for an emergency sitting on Tuesday, February 10th, 2026,” the statement read.
The session is scheduled to commence at 12 noon.
This comes just days after the Senate passed the amendment bill on February 4, but voted down Clause 60(3), which would have required presiding officers to electronically transmit results from polling units directly to the Independent National Electoral Commission’s Result Viewing portal in real time.
The rejected clause aimed to make the process mandatory.
The lawmaker replaced it with the current discretionary “transfer” of results, which allows electronic transmission only after votes are counted and publicly announced at polling units.
Civil society groups and opposition figures in the country have condemned the Senate’s decision, labelling it a setback for Nigeria’s democratic progress.
Senate President Akpabio has, however, defended the Senate’s actions, insisting during a public event that the Senate did not reject electronic transmission and vowing not to be intimidated.
Tomorrow’s emergency sitting could see the Senate reconsider the rejected amendment amid public outcry and potential legal challenges from figures such as lawyer Femi Falana, with possible implications for Nigeria’s democratic processes and the balance between incumbency protections and verifiable voting technology.
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Probe Senate Over Electoral Act, Tax Laws, SERAP Tells CCB
The Socio-Economic Rights and Accountability Project (SERAP) has petitioned the Code of Conduct Bureau (CCB) to investigate members of the Senate and other public officers over alleged irregularities in the passage of the Electoral Act Amendment Bill and the Tax Reform Laws.
According to a statement issued yesterday by SERAP’s Deputy Director, Kolawole Oluwadare, the organisation is seeking a prompt, thorough, and effective probe into claims that some senators removed provisions on electronic transmission of election results from the Electoral Act Amendment Bill during plenary, despite a majority having voted for their inclusion and without any debate on the proposed removal.
“According to our information, certain members of the Senate allegedly removed the provisions on electronic transmission of election results from the Electoral Act Amendment Bill during plenary after the majority of the senators had voted for the inclusion of the provisions and without any debate on the proposed removal of the said provisions,” SERAP said.
The organisation also requested the CCB to investigate alterations in the Tax Reform Bills, which reportedly led to discrepancies between the harmonised versions passed by the National Assembly and the copies signed into law and gazetted by the Federal Government.
“Similarly, the National Assembly recently alleged that there are unlawful alterations and some material differences between the tax reform bills passed by the legislative body and the tax reform laws gazetted by the Federal Government.
“A Sokoto lawmaker, Abdussamad Dasuki, raised the issue under a matter of privilege, drawing the attention of the House to the alleged discrepancies between the harmonised versions of the tax reform bills passed by both chambers of the National Assembly and the copies gazetted by the Federal Government.
“The lawmakers said the alterations contained in the gazetted copies did not receive legislative approval. These alleged unlawful alterations raise questions over the legality and legitimacy of both the law-making processes and the versions of the tax laws circulated by the Federal Ministry of Information,” the petition added.
The Senate had denied removing the provisions on electronic transmission of election results, saying it only removed the term “real time” from the sentence, citing judicial concerns.
Similarly, the National Assembly had initiated investigations into the alleged discrepancies in the tax bill and released a “certified” version of the Acts to address the contradictions. The law took effect on January 1, 2026.
SERAP said the petition is submitted under paragraphs 1 and 9 of the Code of Conduct for Public Officers contained in the Fifth Schedule, Part 1 of the 1999 Constitution (as amended), and sections 5 and 13 of the Code of Conduct Bureau and Tribunal Act.
It alleged that the processes leading to the passage of the Electoral Act Amendment Bill and the signing of the Tax Reform Laws were marked by alterations to bill provisions without debate and due process of law, as well as alterations to the Tax Reform Bill without the approval of the National Assembly.
“The petition raises issues of conflict of interest, abuse of office, non-disclosure of interests, lack of due process, and erosion of the Code of Conduct for Public Officers in the exercise of legislative power.
“There are also allegations that certain amendments may have been removed or introduced to the Electoral Act Amendment Bill and the Tax Reform Laws to serve private or political interests rather than the public interest,” the petition reads.
Citing the Constitution, SERAP noted that public officers must not place themselves in situations where personal interests conflict with official duties.
Specifically, the organisation asked the Bureau to formally register the petition and “promptly, thoroughly, transparently, and effectively investigate the conduct of the lawmakers and officers of the executive branch allegedly involved;
“Examine whether inducements, benefits, or promises were offered or received in connection with those acts;
“Examine whether the alleged cumulative conduct of lawmakers and officers of the executive branch amounted to abuse of legislative power, conflict of interest, and breach of due process, contrary to the Code of Conduct for Public Officers;
“Refer any substantiated violations to the Code of Conduct Tribunal; and
“Take all necessary steps to uphold the principle that public office is a public trust.”
The petition requested that the Bureau consider the complaint within seven days, warning that legal action could follow if there is no response.
Dated February 7, 2026, the petition was signed by Oluwadare and sent to the Chairman of the Code of Conduct Bureau, Mr Abdullahi Bello.
News
Red Cross Unveils New Generation Of Humanitarians In PH
The Nigerian Red Cross Society (NRCS), Rivers State Branch, has expanded its humanitarian footprint in Rivers State with the formal inauguration of student volunteers at Command Children School (CCS), Bori Camp, Port Harcourt, marking a significant step in promoting humanitarian values among young Nigerians.
The ceremony, which took place at the school premises, officially admitted CCS students into the Nigerian Red Cross Society.
The Rivers State Branch Representative of the Red Cross Society, Mr Noah Idegbesor, disclosed this in his opening remarks at the occasion.
In a symbolic display, the students marched to the flag stand alongside members of the high table and the Branch Representative, where the Red Cross flag was hoisted, signifying the school’s full induction into the Nigerian Red Cross Society.
With the flag raised, CCS was formally declared a member institution of the NRCS.
As part of the inauguration, a certificate of affiliation was presented to the school by the Nigerian Red Cross Society and received on behalf of the school by the Head Teacher, Mrs Onwuzuruigbo Taiwo.
Speaking as Chairman of the occasion, the Acting Director, Nigerian Army 6 Division Education Services, Port Harcourt, Lt. Col. A. Sadiq, described the event as very unique and significant.
Represented by Staff Sergeant Arisa Eberechi, the Director assured of the support of his team in ensuring success of the endeavour.
Also speaking, the Chairman of the Parents Teachers Association (PTA) of the school, Mr Zuru Daniel, said the establishment of the Red Cross unit in the school was a welcome development and assured of the support of the body to ensure its sustainability.
The event also featured a parade by the volunteers, freewill donations from dignitaries and parents in attendance, underscoring community support for the humanitarian initiative.
Speaking earlier, the Head Teacher, Mrs Onwuzuruigbo Taiwo, described the inauguration as an emotional and fulfilling moment.
“It was awesome. We thought it would not be possible, but today it was glorious,” she said.
Taiwo explained that the school’s participation in the Red Cross Society began when management decided to introduce clubs and societies.
“I told my assistant that I wanted the Red Cross to be one of them. The Red Cross signifies many things; it is service to humanity,” she added.
Also, the Assistant Head Teacher, Mrs Bawo Agbana, expressed appreciation to dignitaries, officials of the Nigerian Red Cross Society and parents for their support and presence.
The Assistant Head Teacher (Administration) described the programme as overwhelming and exciting, expressing gratitude to God for its success.
She said the school’s decision to embrace the Red Cross Society was driven by the need to instill values of love, kindness and service in children from an early age.
“Our impression of the Red Cross is being good to people, showing love and kindness. As the children grow, we want to build the spirit of humanity in them so they can show love and care in school, their communities and Nigeria at large,” she said, adding that early training was crucial given current challenges in the country.
She also delivered the closing remark, after which a photo session was held with the newly inaugurated student volunteers.
Other dignitaries at the occasion include Chairman, Python Officers’ Mess, 6 Division, Port Harcourt, Chief Dan Harrison, and the Sualla 1 of Adagbabiri Kingdom, Chief Col. K. Agbana (Rtd.),
Speaking in an interview at the event, 10-year-old primary five pupil, Precious Ote, said she volunteered to join the Red Cross Society because of her desire to help and care for people.
Similarly, 11-year-old Eno Marvellous of Primary Four expressed excitement at becoming a member of the Red Cross Society, noting that her hope is “to save” lives.
The inauguration highlights ongoing efforts by the Nigerian Red Cross Society to nurture a culture of volunteerism, compassion and humanitarian service among schoolchildren in Port Harcourt and beyond.
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