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5% Nigerians Pocket N37.665 trn Of Nation’s Funds

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Less than 5 per cent of Nigeria’s estimated population of 170million consume close to 80 per cent of the country’s annual public finances of about N37.665trillion, according to a study by the International Society for Civil Liberties and the Rule of Law (Intersociety).
The group made the disclosure in Part Two of its public statement entitled: “ASUU Strike and Socio-economic Consequences of Industrial Disputes in Nigeria”, released yesterday from its Onitsha base in Anambra State.
This less than 5 per cent, according to Intersociety, is “made up of 17,500 top public office holders in Nigeria and public industrial unions and their members such as ASUU, NMA, NUT, TUC, NLC, etc.”
Intersociety said in yesterday’s statement signed by its board Chairman, Emeka Umeagbalasi and Head, Publicity Desk, Comrade Justus Uche Ijeoma, that “Our main concern is to expose and bring to the attention of the world how less than 5 per cent of Nigeria’s estimated population of 170million, made up of 17,500 top public office holders and public industrial unions and their members such as ASUU, NMA, NUT, TUC, NLC, etc, have continued to corner and pocket close to 80 per cent of the country’s annual public finances at the monumental expense of other 170million Nigerians. This, they do by allocating to themselves scandalous sums in the form of “allowances” and “overheads”, using the instruments of “Appropriation Acts of the Federation”, “Appropriation Laws of the States” and “Industrial Actions or Strikes.
“The socio-economic consequences of the foregoing are totally incalculable. Since 1997 when Nigeria recorded her last budget surplus, it had been budget deficits all through. Simply put, budget is in deficit when its expenditure is greater than its generated revenues and money is borrowed in cash or in kind to finance it…
“From the foregoing, therefore, Nigerian budgets since 1999 have been deeply debt-ridden and consumptive. They are also static and highly centralized. Between June 1999 and now (2013), the Federal Government had budgeted a total of N37.665trillion (about $221billion using N160.00 per $USD), out of which, N21.7trillion went for recurrent expenditures; N4,5trillion or about $28billion went for debts servicing; and only N11.3trillion or about $70billion went for capital expenditures.”
“Also, between June 1999 and December, 2012, a total of N80trillion or about $500billion was shared by Nigeria’s three tiers of government – federal, states and LGAs – from the country’s Federation Account,” the body said.
Intersociety also quoted former World Bank Vice President for Africa, Oby Ezekwesili’s remarks that, “Nigeria’s total domestic and external debts, including those owed by states, LGAs and government parastatals and ministries have skyrocketed since May 2007, from about $18 billion, including $6billion of foreign and N1.8trillion of domestic debts; to about $100billion or N16trillion in 2013 with a staggering difference of $88billion borrowed locally and internationally by relevant public borrowing establishments. In 2012 alone, Nigeria paid a whopping sum of N699billion or about $4.4billion to banks and other lending institutions within and outside the country in the form of “debts or loans’ interests.”
According to the body, “critical look at the foregoing clearly indicates that close to 80 per cent of such huge expenditures and loans were expended and borrowed to service 17,500 Nigerian top public office holders, and members and leaders of public industrial unions such as ASUU, under the guise of “allowances” and “overheads,” adding that, the major challenge facing the growth and development of the Nigerian economy is institutionalization, with reckless abandon, of spurious allowances and overheads.
“As we have earlier stated, out of N592billion spent annually to service the wage entitlements of 12,788 LGAs’ executives and councillors, N550billion goes into payment of allowances. Only N42billion is spent on their salaries. Out of N300billion spent on about 2,664 state executives in the 36 states, N272billion is spent on allowances and only N28billion is spent on salaries. Out of N60.4billion spent on 469 federal lawmakers annually, N54.2billion is spent on allowances and only N6.1billion is spent on salaries.
“Out of N92.3billion spent annually on 472 federal executives in the country, N89.7billion is for allowances and only N8.6billion is for their salaries. Out of N40.9billion spent on 1,152 state lawmakers, N35.8billion is spent on allowances and only N5.09billion is spent on their salaries. Out of N18.5billion spent on 792 state judges, N15.4billion is spent on allowances and only N3.1billion is spent on their salaries; and out of N14.8billion spent on 142 federal judges annually, N13.1billion is spent on allowances and only N1.7billion is spent on their salaries,” Intersociety said.
Intersociety added that “the forgoing does not capture spurious overheads and extraneous allowances annually smuggled into the Appropriation Acts of the Federation and the Appropriation Laws of the 36 states in the country.”

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FG Renames University of Maiduguri After Buhari  …As Tinubu Pours Encomiums On Late President

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President Bola Tinubu has approved the renaming of the University of Maiduguri, Borno State as the Muhammadu Buhari University.

The President revealed this yesterday at the close of a special session of the Federal Executive Council held to honour Buhari at the Aso Rock Villa, Abuja.

“May we now adopt the University of the Maduguri as the Muhammadu Buhari University,” Tinubu said.

Earlier, the President paid a glowing tribute to Buhari, describing him as “a good man, a decent man, an honourable man” whose legacy of discipline, patriotism, and moral uprightness would endure for generations.

Tinubu said although the late president was not without flaws, his unwavering commitment to national service set him apart.

“President Buhari was not a perfect man, no leader is, but he was, in every sense of the word, a good man, a decent man, an honourable man.

“His record will be debated, as all legacies are, but the character he brought to public life, the moral force he carried, the incorruptible standard he represented, will not be forgotten.

“His was a life lived in full service to Nigeria, and in fidelity to God,” he said.

Reflecting on Buhari’s time in office and his long military and civil service, Tinubu praised the late leader’s simplicity, humility, and stoic resistance to the trappings of power.

He said, “He stood, always, ramrod straight; unmoved by the temptation of power, unseduced by applause and unafraid of the loneliness that often visits those who do what is right, rather than what is popular.

“His was a quiet courage, a righteousness that never announced itself. His patriotism was lived more in action than in words.”

Tinubu also recounted their political alliance, which culminated in the historic 2015 elections that marked Nigeria’s first democratic transfer of power from one ruling party to another.

“We stood together, he and I. Alongside others drawn from across the political spectrum, regions and tongues, we formed an alliance that enabled Nigeria to experience its first true democratic transfer of power from one ruling party to another.

“When he was sworn in as our party’s first elected President, he led with restraint, governed with dignity, and bore the burdens of leadership without complaint,” he said.

The President expressed admiration for Buhari’s post-office modesty, noting that he returned to his hometown, Daura, without seeking to wield influence behind the scenes.

“When his tenure ended, he returned to Daura; not to command from the shadows or to hold court, but to live as he always had, never seeking to impose his will but content to let others carry the nation forward.

“Even in death, he maintained the serenity that defined him in life: not a sigh, not a groan, just a quiet submission to the will of God. Such was the man Nigeria has lost. Such was the man for whom our nation now mourns,” he added.

Tinubu thanked the Inter-Ministerial Committee and Katsina State Governor, Dikko Radda, for organising a befitting state funeral within 48 hours, describing it as a “profound honour” to lead the burial procession in Daura.

He concluded his tribute with a prayer: “Mai Gaskiya, the People’s General, the Farmer President, your duty is done. May Almighty Allah forgive his shortcomings and grant him Aljannah Firdaus. May his life continue to inspire generations of Nigerians to serve with courage, conviction, and selflessness. President Buhari, thank you. Nigeria will remember you.”

The expanded meeting was part of a series of national mourning activities approved by President Bola Tinubu, following Buhari’s passing at a London hospital on Sunday, July 13, 2025, at the age of 82.

Yesterday’s expanded FEC meeting was attended by key national figures, including the leadership of the National Assembly – both the Senate and the House of Representatives – members of the Judiciary, and representatives of the late President’s family.

Meanwhile, the Federal Government has also scheduled interfaith prayer sessions in honour of the deceased former President, with a special prayer session scheduled to hold at the National Mosque today, and a special church service on Sunday, July 20, 2025.

President Tinubu had earlier, on Wednesday, described the late former President Muhammadu Buhari as a man of “rare discipline and quiet strength,” whose love for Nigeria defined every decision he made in office.

In a tribute issued via his official X handle on Wednesday, Tinubu said Buhari’s passing was not just a national loss but also a personal tragedy.

“Mai Gaskiya was not just a former president. He was a man of rare discipline and quiet strength, whose love for Nigeria shaped every decision he made, even in the face of criticism,” Tinubu stated.

He noted that Buhari’s leadership was guided by integrity and a deep sense of patriotism, adding that their bond went beyond politics.

“I mourn him deeply, not just as my predecessor, but as a comrade in the long and often lonely journey of nation-building,” Tinubu said.

The President extended condolences to Buhari’s widow, Hajiya Aisha Buhari, and the entire family, praying that they find solace in the legacy the late leader left behind.

“To his beloved wife, Hajiya Aisha Buhari, and the entire family, I offer my heartfelt condolences. May you find comfort in the honour and legacy he leaves behind,” he added.

Tinubu described Buhari’s death as a personal loss, saying, “Nigeria has lost a true son. I have lost a friend in former President Buhari. May Almighty Allah grant him Aljannah Firdaus. Rest well, ‘Baba Buhari.’”

Buhari, who served as Nigeria’s military Head of State from December 31, 1983, to August 27, 1985, and was democratically elected from 2015 to 2023, was buried on Tuesday at his private residence in Daura, Katsina State.

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NAF Disowns Recruitment Adverts, Says It’s Fake

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The Nigerian Air Force (NAF) says it has not commenced recruitment for the 2025/2026 Basic Military Training Course (BMTC) and Direct Short Service Commission (DSSC).

The Director, Public Relations and Information, Air Commodore Ehimen Ejodame, in a statement yesterday, described the advertisement as fraudulent.

Ejodame said that no such recruitment exercise is currently ongoing, urging the public to disregard those messages in their entirety.

“We wish to remind the general public that the Nigerian Air Force recruitment and enlistment processes are free, transparent, and merit-based.

“The NAF does not charge any fee at any stage of its recruitment exercise, and does not engage third parties or agents for enlistment.

“Whenever a recruitment exercise is to be conducted, it will be officially announced and widely publicised through credible national dailies, the NAF official website, and its verified social media platforms.

“We therefore urge members of the public to be wary of online scams and exercise extreme caution when coming across unofficial recruitment advertisements,” he said.

Ejodame also advised the public to always rely on NAF’s official social media handles for accurate and up-to-date information regarding its activities.

According to him, official NAF communication channels are: https://www.facebook.com/share/1735SmRdMo/ https://x.com/NigAirForce?t=1263ETdBwkuqewt-rSuyIg&s=09 https://www.instagram.com/NigerianAirForce https://youtube.com/@nigerianairforcehq?feature=shared

https://www.airforce.mil.ng/ “The Nigerian Air Force is committed to integrity, transparency, and efficient service delivery to the nation while projecting air power to save lives and properties of all Nigerians,” he added.

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JAMB Uncovers 9,469 Fake Admissions In 20 Tertiary Institutions

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No fewer than 9,469 admissions across 20 tertiary institutions nationwide have been flagged as fake by the Joint Admissions and Matriculation Board (JAMB) for the 2024 academic session.

 

According to the board, the admissions were conducted outside the popular Central Admission Processing System, popularly known as CAPS.

 

According to the list obtained from JAMB, Kano State University of Science and Technology led the pack with 2,215 fake admissions, with Ladoke Akintola University of Technology following with 1,215.

 

Others are Gombe state University, 1,164; Emmanuel Alayande University of Education, 761; Federal University of Technology, Owerri, 534; Ambrose Alli University, 514; Igbinedion University, 365; Akwa-Ibom Polytechnic, 340 and College of Nursing, National Orthopedic Hospital, Igbobi, 281.

 

Also on the list are Achievers University, 267; Nigeria Police Academy, 263; Abia State Polytechnic, 256; Osun State University, 224; Federal University, Lafia, 189; Niger State Polytechnic, 182; Federal Polytechnic, Ida, 171 and Edo State Polytechnic,166.

 

Others are Anchor University, 133; Michael and Cecilia Ibru University, 116 and the Federal College of Animal Health and Production Technology, 113.

 

CAPS was introduced to enhance transparency and efficiency, and serves as an online platform where prospective university students can monitor and manage their admission status.

 

By centralising the admission process, JAMB CAPS ensures that all candidates are given fair consideration based on merit and institutional requirements.

 

The primary purpose of JAMB CAPS is to streamline the admission process into tertiary institutions across Nigeria. It achieves this by ensuring transparency as candidates can easily track their admission status, and guarantees that all applicants are evaluated based on consistent criteria.

 

The system also enhances efficiency as institutions can process admissions swiftly, and candidates receive timely updates on their application status.

 

The board has, over time, warned institutions against backdoor admissions offered to candidates outside CAPS, as candidates offered admission outside CAPS were barred from the mandatory National Youth Service Corps scheme.

 

Recall that the Minister of Education, Dr Tunji Alausa, reiterated a directive in Abuja at the 2025 policy meeting of JAMB last week, declaring all admissions conducted outside JAMB as illegal.

 

He said institutions and individuals involved in such practices would be prosecuted and severely sanctioned.

 

“Any admission conducted outside CAPS, regardless of its intentions, is illegal.

 

“Both institutions and the candidates involved in such practices will be held accountable.

 

“Sanctions may include withdrawal of institutional assets and prosecution of culpable officers or governing council members,” he said.

 

 

 

 

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