Featured
Senate Investigates Maina’s Recall …PDP Demands Dambazau, HoSF’s Sack …It Is Global Embarrassment -Fayose
The Senate, yesterday, began inquiries into the circumstances surrounding the Reinstatement of a former Chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina, as a director in the Ministry of Interior.
The Senate, in yesterday’s proceeding, queried how and on whose directives the ex-chairman was brought back into the ministry, especially following the refutal by the Head of the Civil Service of the Federation, Mrs. Winifred Oyo-Ita that the service never reinstated Maina into the Interior Ministry.
It equally constituted an investigative committee to look into the issue of Maina’s recall.
Maina, who was appointed by former President Goodluck Jonathan as chairman of the task force in 2010 to check corruption in the country’s pension system was, however, in 2012, accused by the Nigeria Police of misappropriating N100billion pension funds in connivance with others.
The Federal Civil Service Commission had reportedly dismissed him for “absconding from duty’’ while Maina was equally arraigned in absentia by the Economic and Financial Crimes Commission (EFCC), which declared him wanted in 2015.
However, the Minister of Interior, Lt.-Gen Abdulrahman Dambazau (rtd) had on October 22 confirmed the resumption of duty by Maina, as an acting director in his ministry.
The confirmation came in a statement issued by the Press Secretary to the minister, Mr. Ehisienmen Osaigbovo.
But following outrage over Maina’s reinstatement, Dambazau exonerated himself from complicity in the matter.
Likewise, the Head of the Civil Service of the Federation, Mrs. Winifred Oyo-Ita, last Monday, dismissed media report that she approved the reinstatement of Maina, and his subsequent posting to the Ministry of Interior.
Oyo-Ita’s refutal was contained in a statement by her Assistant Director, Media Relations, Mohammed Manga.
Moreover, President Muhammadu Buhari, last Monday, directed the immediate sack of Maina from the service and equally asked Oyo-Ita to submit a detailed report of the circumstances surrounding Maina’s reinstatement to the President’s Chief of Staff, Abba Kyari.
The Presidential Spokesman, Femi Adesina, confirmed the receipt of the report by the President’s Chief of Staff, Abba Kyari, last Monday night.
However, the Senate, during its plenary, yesterday, said “We should bring to book any culprit that tries to undermine this country.”
Senator Isah Misau had cited Order 42 and 52 where he talked of Mr. Abdulrasheed Maina, who was indicted by the EFCC while he was acting director in the Ministry of Interior and then returns to become director.
Commenting, Senator Olusola Adeyeye said “Certain people in the Executive are working against the government.”
Senator Atai Aidoko opined that, “the issue is who brought Maina into office, if the Minister of Interior says he did not do so?”
Sen. Dino Melaye said that “if the office of the attorney general is aware of this appointment, then Nigeria isn’t safe because this lacks Integrity.”
He added that Buhari was a good man and means well but was surrounded by what he described as canker worms.
The Senate, therefore, resolved that the Committee on Public Service and Establishment should investigate: The circumstances of how Maina got into the country; how Maina was reinstated into public service; and how Maina got promoted to the level of director.
Sen. Akpan Bassey added that the committees on Interior and Anti-Corruption should be included to the team carrying out the investigation.
Meanwhile, the Peoples Democratic Party (PDP) has called for immediate arrest and prosecution of Abdulrasheed Maina, wanted for alleged fraud.
The party made the call in a statement by National Publicity Secretary of its National Caretaker Committee, Mr Dayo Adeyeye, in Abuja.
The party also called for the arrest and prosecution of those who aided the return of Maina to the country after his disappearance for several years, and his restoration to his duty post with added promotion.
The party further called for immediate sack of the Minister of Interior, Gen. Abdulrahman Danbazzau (rtd) and Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, for restoring Maina to office against good conscience.
According to the PDP, Maina fled from Nigeria only to resurface in the country four months ago and was reinstated by the All Progressives Congress (APC)-led Federal Government rather than arresting him.
The PDP also demanded explanation of the Civil Service Rule which was relied upon in promoting Maina, who had abandoned his duty as an assistant director, to the position of a director.
The party expressed disappointment that the EFCC with its viable network wasn’t aware of Maina’s entrance into the country until the media exposed it.
It also deplored the delay by government in prosecuting the graft allegations against suspended Secretary to Government of the Federation (SGF), Mr Babachir Lawal.
The party noted that the same also applied to the suspended Director-General of the National Intelligence Agency (NIA), Mr Ayo Oke.
This is even as Governor Ayodele Fayose of Ekiti State described the Maina saga as a global embarrassment.
Nneka Amaechi-Nnadi, Abuja
Featured
Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
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.
Featured
RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
?
?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.
?
?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.
?
?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.
?
?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.
?
Featured
Fubara Redeploys Green As Commissioner For Justice
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.
-
Politics1 day agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Rivers1 day ago
Rivers Police Commissioner Condemns Vigilante Group Over Aluu Attack
-
Politics1 day ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Business1 day ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics1 day ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business1 day ago
Cashew Industry Can Generate $10bn Annually- Association
-
Business1 day ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports1 day agoJ And T Dynasty Set To Move Players To Europe
