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FG Releases N654bn For Capital Projects
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, confirmed that a total sum of N654billion has so far been released for implementation of capital projects through various Ministries, Departments and Agencies (MDAs) as at October, 2019.
Ahmed disclosed this during the ministry’s 2019/2020 budget defence held at the instance of the House Committee on Finance chaired by Hon. Abiodun Faleke.
Faleke had expressed concerns over $470million debt burden from the failed Closed Circuit Television Cameras (CCTVs) and other frivolous line items such as telephone charges in the annual budget estimates/Appropriation Act for the MDAs.
In the same vein, the lawmakers who frowned at the level of impunity being perpetrated by revenue-generating agencies on the payment of 25 per cent operating surplus to government coffer, called for review of the provisions which enable the MDAs to spend 75 per cent of the revenue generated despite approved budget for personnel, overhead and capital projects on yearly basis.
The committee also demanded full details of the bailouts given to states, private sector especially in the power sector as well as banks.
The lawmakers expressed displeasure over the unethical practice wherein commercial banks convert dollars sent by Nigerians in Diaspora to naira to boost their foreign domiciliary accounts, as well as the stringent conditions imposed on Nigeria by the Chinese government on loans obtained to fund some infrastructural projects funded in Nigeria.
Speaking further on the 2019 budget performance, the minister explained that the debt servicing is 100 per cent, overhead expenditure paid for six months while critical MDAs overhead, including NYSC and unity schools stand at 90 per cent.
Ahmed also disclosed that the states that took the Federal Government loan for bailout have started repaying the loan.
The minister disclosed that states have started paying back the loan since September.
The disclosure followed a question by Faleke on the status of the loans given to states to bail them out.
Ahmed in her response said, “The states, from September have started repaying the bailout, it’s a loan.”
Speaking further on companies bailed out, he noted that the “institutions are under Asset Management Corporation of Nigeria (AMCON), currently AMCON is stressed, the assets bought by AMCON are not repaying back.”
Responding to question on the failed Abuja CCTV project, the minister asked the committee to direct all concerns to the Federal Capital Territory Minister, Musa Mohammed, on the over $400million loan taken for that project.
In his remarks, Faleke asked the ministry to remove all repetitive items in the budget.
“There is repetition of similar items, how are we sure they are buying the furniture annually? In National Assembly, we are not buying furniture annually. Most of the people we had here defending their budget said that is the template. You need to look into it,” Faleke said.
News
PDP Kicks As APC Wins FCT Council Polls
The Peoples Democratic Party (PDP) has inaugurated a special legal team to handle election petitions arising from last Saturday’s Area Council elections in the Federal Capital Territory.
This comes as the All Progressives Congress (APC) won in Abaji, Kwali, AMAC, and Bwari Area Councils, while the PDP secured victory only in Gwagwalada.
The Tide reports that the council elections were held on Saturday, February 21, 2026, across all six FCT area councils, including Abaji, AMAC, Bwari, Gwagwalada, Kuje, and Kwali.
Results announced so far by the Independent National Electoral Commission (INEC) show that the All Progressives Congress (APC) won in Abaji, Kwali, AMAC, and Bwari Area Councils, while the PDP secured victory only in Gwagwalada.
In a statement issued yesterday by PDP’s National Publicity Secretary, Ini Ememobong, the party congratulated its candidates, who emerged winners in the chairmanship and councilor elections.
The opposition party acknowledged the victories, noting that the number of wins was lower than expected but significant given the alleged irregularities during the polls.
“We specifically congratulate the Chairman-elect of Gwagwalada Area Council, Mohammed Kasim, and the councillors who have been declared successful by the Independent National Electoral Commission (INEC).
“This victory, though less in number than we anticipated, is particularly gladdening because it is against the background of unprecedented intimidation, high-powered money politics, and brazen executive brigandage,” the statement read.
Ememobong claimed that there are reports and video evidence indicating voter intimidation and unlawful conduct that influenced the outcome of the elections.
“Reports and video evidence abound where armed security personnel were used to cart away result sheets in polling units, intimidate voters, and unduly influence the outcome of the elections.”
To address complaints and litigations arising from the polls, he said the party has set up a legal team headed by its National Legal Adviser, Shafi Bara’u, Esq.
The statement urged candidates with legitimate grievances to contact the Legal Adviser promptly, as delays could jeopardise their chances in election petition cases.
“The incredible voter apathy in these polls is a direct response to the anti-people Electoral Act 2026, where the people have completely lost faith in the electoral outcomes from elections conducted under this Act.
“These Local Council polls may just be a foreshadowing of the forthcoming general elections in 2027 if changes are not urgently made,” the statement added.
The PDP called on the National Assembly and the President to take corrective action to safeguard the integrity of Nigeria’s democracy.
News
S’Court Gets New Justice As CJN Swears In Oyewole, Wednesday
The Chief Justice of Nigeria, Kudirat Kekere-Ekun, will on Wednesday swear in Justice Joseph Oyewole as a Justice of the Supreme Court of Nigeria.
The ceremony is scheduled to be held at 2pm at Courtroom Two of the Supreme Court complex in Abuja.
The court urged guests to adhere strictly to the court’s protocols and security measures.
This was contained in a statement issued yesterday by the Supreme Court’s Director of Information and Public Relations, Dr Festus Akande.
The court described Oyewole’s appointment as a step towards reinforcing the capacity of the apex court to deliver fair and timely judgments.
Recall that Oyewole was, until his elevation, a Justice of the Court of Appeal and Presiding Justice of the Enugu Division, and joins the apex court bench as part of ongoing efforts to strengthen the judiciary.
The National Judicial Council recommended Oyewole for the position alongside 35 others for various judicial offices, following its 110th meeting held on January 13, 2026, and presided over by Justice Kekere-Ekun.
The statement partly read, “The Chief Justice of Nigeria, Hon. Justice Kudirat Kekere-Ekun, GCON, will on Wednesday, 25th February, 2026, preside over the swearing-in ceremony of the newly appointed Justice of the Supreme Court, Hon. Justice Joseph Olubunmi Kayode Oyewole, JCA.”
According to the statement, Oyewole served with distinction at the Court of Appeal and as Presiding Justice of the Enugu Division prior to his elevation.
“His appointment underscores the commitment of the Nigerian judiciary to upholding the rule of law, ensuring justice, and strengthening the bench with experienced and dedicated jurists. He brings a wealth of legal expertise and integrity to the apex court to further enhance its capacity to deliver fair and timely judgments,” the statement added.
The apex court further described the swearing-in as “another significant step in rejuvenating the judiciary and ensuring the continued delivery of justice in line with the highest standards of integrity, competence, and impartiality.”
The Supreme Court reiterated its commitment to justice, fairness and judicial independence for the benefit of Nigerians.
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Fubara Mourns Senator Mpigi
Rivers State Governor, Sir Siminalayi Fubara, has expressed deep shock and sadness over the sudden passage of Senator Barinada Mpigi, the Senator representing South East Senatorial District of Rivers State.
In a tribute to mourn the deceased, Governor Fubara described Mpigi as a brother, a consummate politician and one of the leading lights in Rivers State.
He said that Mpigi died at a critical time when his services were still needed by the people of Rivers State and prayed God Almighty to grant him eternal rest.
The governor commiserated with his immediate family, the Rivers South East Senatorial District and the Senate at large, asking them to take solace in the fact that the deceased lived a good life and impacted positively on the people.
Senator Mpigi died at the age of 64. Until his death, he was the Chairman of the Senate Committee on Works.
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