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Wike Uncovers Rivers’ Aircraft Secretly Abandoned In Germany

The Rivers State Government has discovered one of the state-owned Legacy 600 aircraft, that was flown to and abandoned in Germany since 2012 by the former Governor, HonChibuikeAmaechi-led administration.
The state Governor, Chief NyesomWike, who disclosed this, said the government discovered the aircraft through credible intelligence.
The governor said it was unconscionable for the immediate past administration to have surreptitiously taken a state-owned asset to Germany and abandoned same there, without any documentation.
Wike, who led a delegation of Rivers leaders to General Atomics Aerotec in Munich, Germany, where the aircraft had been abandoned for 10 years, said efforts to repair and retrieve the aircraft have cost the state government over €3million.
Speaking during a meeting with the General Manager, Business Development, General Atomics Aerotec, Markus Froetschi, the governor explained that his administration, in a bid to recover state assets, had through intelligence, discovered that the Legacy 600 jet purchased by the Dr Peter Odili-led administration was in Germany.
“When we came into office in 2015, we never had an idea that our plane was in your facility. It was a matter of asking questions before we got the information that Legacy 600 belonging to our state is in RUAG, before General Atomics. We tried to make contact with you, which you obliged. So, we want to sincerely thank you for not hiding anything from us, because it is the property of the Rivers State Government.
“This plane was bought in 2003 by the government of Dr Peter Odili, and by 2007, he had handed over to the next government, which was my predecessor’s, now, Minister of Transportation, RotimiAmaechi. While he was in office, by 2012, this plane was brought here. Reasons we do not know.”
Wike said there was no document indicating that the state-owned aircraft was flown to Germany and abandoned for any reason.
“The issue is: why was there no documentation to let the incoming government know that we have this facility, and we sent it to RUAG for inspection. Again, I do know from experience that inspection of such facility does not take more than six months. So, if it was brought in 2012, expectantly, at least, by early 2013, the plane ought to have come back to us for use.”
Wike said he had to travel to Munich, Germany with a state delegation to prove that the Legacy 600 aircraft has been discovered and about to be returned to the state government.
Those on the governor’s entourage included the Speaker, Rivers State House of Assembly, Rt. Hon. Ikuinyi-OwajiIbani; Deputy Speaker, Rivers State House of Assembly, Hon. Ehie Edison; Rivers State Attorney-General and Commissioner for Justice, Prof. ZacchaeusAdangor; member of House of Representatives, Hon. Ken Chikere; Rivers State Chairman, Peoples Democratic Party, Amb Desmond Akawor; Chairman, Ikwerre LGA, Engr Samuel Nwanosike, among others.
Responding, the General Manager, Business Development, General Atomics Aerotec, Markus Froetschi, said the aircraft was brought to Germany by the immediate past administration and abandoned since 2012.
He expressed delight that Wike took the initiative to repair and return the aircraft to Nigeria for use by the state government.
According to him, his company would be done with general maintenance work and deliver the aircraft to the state government by March.
In his remarks, the Speaker, Rivers State House of Assembly, Rt. Hon. Ikuinyi-OwajiIbani, said he was elated that the aircraft has been recovered by the state government.
According to him, state lawmakers would continue to support every effort to recover all government assets and property.
Similarly, the Deputy Speaker, Rivers State House of Assembly, Hon. Ehie Edison described the abandonment of the aircraft in Germany as administrative recklessness.
“We are surprised that this is more than 10 years that the aircraft has been here. Their intention we cannot say for such, but it shows administrative recklessness, and worst of all, there is no proper documentation to show that Rivers State Government as at then, meant well for Rivers people.”
Also speaking, Chairman of Ikwerre Local Government Area, Engr Samuel Nwanosikealleged that considering the brazen manner at which the immediate past administration sold state-owned valuable assets to their cronies, it was obvious that the Legacy 600 was surreptitiously flown to Germany to be converted to personal use.
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INEC To Unveil New Party Registration Portal As Applications Hit 129

The Independent National Electoral Commission (INEC) has announced that it has now received a total of 129 applications from associations seeking registration as political parties.
The update was provided during the commission’s regular weekly meeting held in Abuja, yesterday.
According to a statement signed by the National Commissioner and Chairman of the Information and Voter Education Committee, Sam Olumekun, seven new applications were submitted within the past week, adding to the previous number.
“At its regular weekly meeting held today, Thursday 10th July 2025, the commission received a further update on additional requests from associations seeking registration as political parties.
“Since last week, seven more applications have been received, bringing the total number so far to 129. All the requests are being processed,” the commission stated.
The commission revealed the introduction of a new digital platform for political party registration. The platform is part of the Party Financial Reporting and Auditing System and aims to streamline the registration process.
Olumekun disclosed that final testing of the portal would be completed within the next week.
“INEC also plans to release comprehensive guidelines to help associations file their applications using the new system.
“Unlike the manual method used in previous registration, the Commission is introducing a political party registration portal, which is a module in our Party Financial Reporting and Auditing System.
“This will make the process faster and seamless. In the next week, the commission will conclude the final testing of the portal before deployment.
“Thereafter, the next step for associations that meet the requirements to proceed to the application stage will be announced. The commission will also issue guidelines to facilitate the filing of applications using the PFRAS,” the statement added.
In the meantime, the list of new associations that have submitted applications has been made available to the public on INEC’s website and other official platforms.
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Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business

President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.
The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.
The ceremony took place at the Presidential Villa, yesterday.
The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.
The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.
“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.
Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.
Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”
Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”
He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.
“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.
According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”
He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.
The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.
However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.
At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.
They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.
After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.
By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.
In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.
“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.
“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.
He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.
The President added, “We are not just signing tax bills but rewriting the social contract.
“We are not there yet, but we are firmly on the road.”
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Senate Issues 10-Day Ultimatum As NNPCL Dodges ?210trn Audit Hearing

The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.
Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.
However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.
Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.
A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.
It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.
The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.
“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.
“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”
But lawmakers rejected the request.
The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.
“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.
“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.
Other lawmakers echoed similar frustrations.
Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.
The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.
Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.
Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”
Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.
The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.
Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.
The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.