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FG Paid Huge Ransom To Secure Dapchi Girls’ Release – UN …Says Lai Mohammed Lied

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The United Nations has said that the Federal Government paid a huge ransom to Boko Haram for the release of the abducted Dapchi schoolgirls in March 2018.
The government had denied reports that it paid millions of Euros for the release of the girls, noting that the hostages were released in exchange for detained Boko Haram commanders.
But the UN report stated that ransom from abductions, donations from charity groups and the cash economy were fueling the bloody activities of the Boko Haram and other terrorist groups in the Lake Chad Basin region.
These were contained in the 22nd Report of the Analytical Support and Sanctions Monitoring Team, pursuant to resolution 2368 (2017) concerning Islamic State in Iraq and the Levant and associated individuals and entities.
The report said the number of doctrinally based non-governmental organisations sending funds to local terrorist groups was growing, and member States were concerned that radicalisation was increasing the threat level in the Sahel.
The report recently submitted to the UN Security Council on Boko Haram and related terrorist organisations, said such ransom and the predominance of cash economy was providing oxygen for the insurgency around the Lake Chad region.
The UN report is titled “22nd Report of the Analytical Support and Sanctions Monitoring Team”, related to Resolution 2368 (2017) regarding “Islamic State in Iraq and the Levant – ISIL – (Da’esh), Al-Qaida and associated individuals and entities.”
“In Nigeria, 111 schoolgirls from the town of Dapchi were kidnapped on 18 February 2018 and released by ISWAP on 21 March 2018 in exchange for a large ransom payment,” the report stated.
The UN report negating the Nigerian government’s stance reflects the manner of propaganda the Nigerian government and its military have been using to fight the war against Boko Haram.
Our source reported how the Nigerian military has repeatedly lied about military casualty in the war and, along with the government, claimed the Boko Haram sect was already defeated.
The government’s stance appears to be that suppressing information, or as in this case lying about it, would reduce the efficacy of the insurgents and thus limit their ability to carry out their terrorist acts.
The Dapchi girl’s ransom would not be the first by the Nigerian government to free victims held by Boko Haram. Huge ransom was also paid by the Buhari administration to free many of released Chibok girls kidnapped in 2014, senators including the leader of ruling party in the Senate, Ahmed Lawan, said. Although the move is largely welcomed by many Nigerians as it ensures freedom for the victims, experts fear it has helped fuel the insurgency by ensuring the Boko Haram has access to funds to buy more weapons and sustain themselves; a stance shared in the UN report.
“The predominance in the region of the cash economy, without controls, is conducive to terrorist groups funded by extortion, charitable donations, smuggling, remittances and kidnapping.”
It added, “In Nigeria, 111 schoolgirls from the town of Dapchi were kidnapped on 18 February, 2018 and released by ISWAP on 21 March in exchange for a large ransom payment.”
The report was signed by Edmund Fitton-Brown, Coordinator, Analytical Support and Sanctions Monitoring Team and Kairat Umarov, Chair, Security Council Committee.
The UN Security Council committee on al Qaeda sanctions blacklisted and imposed sanctions on the Islamist militant group Boko Haram in 2014 after the insurgents kidnapped more than 200 Chibok schoolgirls.
The designation, which came into effect after no objections were raised by the Security Council’s 15 members, subjected Boko Haram to UN sanctions, including an arms embargo, asset freeze and travel ban.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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