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Senate Queries Loss Of N54bn On External Loans

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The Senate has called for the sanction of officials in the Office of the Accountant-General of the Federation, who made Nigeria lose $274.2million (N54.1billion) on external loans.
The Upper Chamber approved the report of the Senate Committee on Public Accounts before proceeding on annual vacation, last week.
The Senate, in its resolution, asked the Accountant-General of the Federation, Ahmed Idris, to identify the officers and sanction them for mismanaging public funds, in accordance with Rule 3115 of the Financial Regulations and for gross misconduct.
Rule 3115 of the Financial Regulations reads, “An accounting officer who is queried for his failure to manage or spend public funds, effectively or who spends public money without due regard to economy contrary to Financial Regulation 415 and fails to reply to the query, shall be removed from the schedule and be disciplined in accordance with the Public Service Rules.”
The Auditor-General of Federation’s query titled, “Inconsistent exchange loss difference on external loans” reads, “During the examination of Note 51 and Appendix to Note 52, it was observed that there was a total exchange loss difference of $278.2 million (N54.1billion) reported by the Office of the Accountant-General of the Federation in the document provided but this could not be found in the DMO (Debt Management Office) document.
“Also, the criteria for arriving at the exchange loss difference of $274.2million (N54.1billion) was not disclosed.
“The Accountant-General of the Federation in his response maintained that the closing balance is as provided by DMO while the exchange difference of $274.2million (N54.1billion) was as a result of multiple currencies that were involved and single exchange rate.
“The Accountant-General of the Federation is (therefore) required to provide the source(s) of the exchange loss difference of $274.2million (N54.1billion) with documentary evidence.”
“Provide the calculations showing how these figures were arrived at and the reasons for the exchange loss for each of the figures should be explained. Disclose the source of exchange difference in a note.”
The upper chamber, in its resolution after the presentation of the report of the Senate Community on Public Accounts by Senator Matthew Urhoghide, upheld the recommendation of the committee asking that officials involved in the transaction be sanctioned.
The query is contained in the 2015 report of the Auditor-General of the Federation on the financial statement of the Federal Government of Nigeria and the Federation Account.

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No Aso Rock Kitchen Staff Attempt To Poison Tinubu –Presidency

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The Presidency has dismissed circulating social media reports alleging that kitchen staff at the Aso Rock Presidential Villa were arrested over an alleged plot to poison President Bola Tinubu.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, made the clarification yesterday on his official X account where he shared a video of the report and categorically denied it.

The video purportedly shows activity at the presidential villa, accompanied by a voiceover reporting the incident.

The video claimed, “Today we examine reports surrounding the shocking arrest of a presidential chef over an alleged plot to poison President Bola Ahmed Tinubu, an incident that has prompted swift intervention by a special police squad and triggered heightened security measures within the presidential environment.

“According to preliminary information from security sources, the arrest followed intelligence alerts suggesting suspicious activities connected to food preparation procedures within restricted areas linked to presidential operations.

“Authorities moved quickly after receiving credible reports that indicated a possible threat to the safety of the president, leading to a coordinated investigation involving specialised security personnel tasked with protecting national leadership.

The video added, Officials emphasized that the operation was carried out professionally and discreetly to avoid public panic while ensuring that all potential risks were neutralised.

“The suspect, identified as a member of kitchen staff attached to presidential services, was reportedly taken into custody for questioning as investigators began examining evidence and verifying claims connected to the alleged poisoning attempt.

“Security agencies have urged the public to remain calm, stressing that the investigation remains ongoing and that allegations do not automatically imply guilt until due process.”

However, Onanuga dismissed the report as baseless fake news.

He wrote, “No Aso Rock kitchen staff arrested. No Aso Rock kitchen staff attempted to poison President Tinubu. Please ignore this fake news being disseminated by this video.”

As of the time of going to the Press authorities have not provided further details on the origin of the misleading video or potential motives behind its circulation.

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US, China Clash As Iran TV Confirms Supreme Leader Ayatollah’s Death

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Iranian state television yesterday confirmed the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, without referring to a massive US and Israeli attack on his residence.

A presenter on state television announced Khamenei’s death at 5:00 am (0130 GMT), as the channel broadcast archive images with a black banner as a sign of mourning.

Khamenei, 86, had been Iran’s supreme leader since 1989.

US President, Donald Trump, had on Saturday said that Khamenei had been killed in air strikes, though there has been no confirmation from Tehran.

“Khamenei, one of the most evil people in History, is dead,” Trump said on his Truth Social network.

“This is not only Justice for the people of Iran, but for all Great Americans, and those people from many Countries throughout the World, that have been killed or mutilated by Khamenei and his gang of bloodthirsty THUGS.”

Trump said the Iranian leader had been “unable to avoid our Intelligence and Highly Sophisticated Tracking Systems.”

The US President said the death of Khamenei gave Iranians their “greatest chance” to “take back their country.”

“We are hearing that many of their IRGC, Military, and other Security and Police Forces no longer want to fight and are looking for Immunity from us.

“As I said last night, Now they can have immunity, later they only get death! Hopefully, the IRGC and Police will peacefully merge with the Iranian patriots and work together as a unit to bring back the country to the greatness it deserves.

“That process should soon start in that, not only the death of Khamenei but the country has been, in only one day, very much destroyed and, even, obliterated.

“The heavy and pinpoint bombing, however, will continue, uninterrupted throughout the week or, as long as necessary to achieve our objective of peace throughout the Middle East and, indeed, the world!” Trump posted.

However, China has strongly condemned the attack and killing of Iran’s supreme leader.

A Chinese foreign ministry spokesperson condemned the killing yesterday when asked to comment on the death of Iran’s Supreme Leader in the military strikes launched by the United States and Israel on Saturday in Tehran.

The attack and killing of Iran’s supreme leader is a grave violation of Iran’s sovereignty and security, said the spokesperson, adding that it tramples on the purposes and principles of the UN Charter and basic norms in international relations.

China urges for an immediate stop to the military operations, no further escalation of the tense situation and joint effort to maintain peace and stability in the Middle East and the world at large, the spokesperson added.

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Banigo Harps On Importance Of Nurturing Girl-Child …Says Everyone Is A Leader On His Own Right

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The Senator representing Rivers West Senatorial District, Ipalibo Harry Banigo, has urged Nigerians, particularly women, to recognise that leadership exists at every level of society and that everyone is a leader within their own space.

Banigo made this call in Port Harcourt at the weekend during her Induction/Decoration as an AWLO Life Patroness, Unveiling of AWLO’s 2026 Magazine and Relaunch of the Rivers State Chapter.

Speaking with newsmen after the induction, the former Rivers State Deputy Governor emphasised the importance of nurturing and mentoring young girls, warning that neglecting the girl-child comes with far-reaching consequences for society.

According to her, investing in the growth and development of young girls is crucial to building a responsible and progressive nation.

“Well, everybody, to be honest with you, is a leader in their own space. If you lose your girlhood, you have lost your life. That is why it is important to catch them young,” she said.

“All my life, I have worked with young women because I believe that as we mentor them, they are meant to learn from us for the fulfilment of their God-given purpose,” she added.

The lawmaker further stressed the need for urgent and deliberate steps to ensure women are not left behind in national development, noting that any neglect of women ultimately affects the entire system and the larger society.

She highlighted education, healthcare, and skills acquisition as critical areas of focus, while calling for sustained efforts to keep girls in school and enable them to advance as far as their abilities permit.

Banigo also underscored the need for improved healthcare facilities to prevent maternal mortality and deaths from preventable diseases, while also advocating for vocational training and skill development opportunities for girl child.

According to her, raising responsible girls ultimately leads to building responsible adults and, by extension, a stronger and more purposeful society.

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