Politics
Senate In Rowdy Session Over Naira Redesign Policy
The Senate witnessed arowdy session on Wednesday as senators deliberated a motion on the Naira Redesign Policy of the Central Bank of Nigeria (CBN), moved by the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani.
Sani, in the prayers to his motion, urged the Senate to provide legislative support for the policy.
He also requested the Senate to mandate his committee to embark on aggressive oversight on the matter.
He urged the Senate to support the CBN redesign policy, including the January 31 deadline for compliance.
Matters, however, became controversial when Senators Ali Ndume, Abiodun Olujimi, Betty Apiafi, Barau Jibrin, Chukwuka Utazi, and Orji Kalu, supported the CBN policy but suggested the extension of the deadline for compliance.
Kalu specifically wanted the Senate to invite the Governor of the CBN, Godwin Emefiele, to throw more light on the policy, praying that he should be persuaded to extend the deadline to April 30, 2023.
But Senator Gabriel Suswam disagreed with Kalu and others, claiming that the CBN governor had always shunned the Senate invitations.
He urged his colleagues to ignore the CBN policy and let the country damn the consequences.
In his submission, Senator Bassey Akpan, stressed the need to support the CBN governor. He said there should be no discussion on the matter.
Suswam and Akpan’s submissions did not go down well with those seeking the extension to the deadline, which led to a rowdy session at plenary.
It took the persistent appeals by the presiding officer, Senator Ovie Omo-Agege, to bring calm to the floor after 10 minutes of intense arguments among the senators.
Senator Ndume had earlier said there were only five banks in the entire 27 local government areas of Borno State since the insurgency started in the state.
Senator Olujimi also said one and a half months was too short to withdraw all the money in circulation to avoid shutting down the economy.
She said the Senate should invite the CBN governor for further explanation on the issue.
Senator Apiafi said rural banking had been shut down, hence the January deadline should be extended.
She said counterfeiting was not enough reason to change the naira notes.
She added that the implications of the redesign should be criticality examined in view of the fact that bandits had said they would be collecting ransom in foreign currencies if the naira notes were redesigned.
Senator Barau Jibrin said naira redesign could not halt terrorism but could only reduce it.
Senator Chukwuka Utazi said, because of the rural nature of the country, the leadership of the Senate should interface with the CBN governor to explain the implications on the peculiarity of the country, adding that the CBN should visit all the rural communities to get first-hand information.
Senator Orji Kalu suggested the extension of the deadline from January 31 to April 30, adding that the Committee on Banking and Finance should meet with the CBN governor on the matter.
Deputy President of the Senate said it was the prerogative of the CBN to redesign the naira and put deadline for compliance.
The Senate, after the rowdy session, offered to provide legislative support for the policy.
It also mandated the Senate Committee on Banking and Financial Institutions to go on oversight to ensure that Nigerians were adequately protected from the CBN, banks and other agencies involved in the process.
Politics
Atiku Names Kenneth Okonkwo As Spokesperson
Mr Okonkwo made the announcement on his X (formerly Twitter) account on yesterday, expressing gratitude for what he called Alhaji Abubakar’s show of faith in him.
“I give God all the glory for being appointed by His Excellency Atiku Abubakar as his spokesperson. I thank His Excellency for the immense confidence reposed in me,” Mr Okonkwo said.
The politician credited Alhaji Abubakar with championing dialogue over conflict within party ranks.
He noted that the former vice president favours conversation and compromise when party associates raise genuine worries, rather than dismissing their concerns.
“Rather than take offence at associates for expressing genuine reservations about any action taken, His Excellency always opts for dialogue and compromise that engender solutions to problems,” Mr Okonkwo stated.
According to him, recent talks with Alhaji Abubakar and other ADC leaders tackled worries about South-East political representation within the limits of the Electoral Act, 2026, and the current political climate. He said the discussions produced guarantees for the region’s interests despite existing constraints.
Mr Okonkwo also acknowledged the work of Dr. Kashim Imam; former ADC National Chairman, Ralphs Nwosu; Ekene Onwuka, Alhaji Abubakar’s Senior Special Assistant on Special Duties, in preparing the party for next year’s elections. He thanked his loved ones and supporters for their support and prayers.
“I still covet your prayers for wisdom, courage, provision and protection needed to carry out this challenging responsibility, which will usher in a glorious and great Nigeria,” he added.
The appointment arrives weeks after Mr Okonkwo publicly attacked the ADC’s pick for running mate in 2027. He’d warned that choosing a vice-presidential candidate from the South-South would worsen what he sees as political neglect of the South-East, a region without a president or vice president since 1999.
Despite Mr Okonkwo’s objections, the ADC later announced former Rivers State Governor and ex-Minister of Transportation, Mr Rotimi Amaechi, as Alhaji Abubakar’s running mate following the ex-vice president’s clinching of the party’s presidential nomination.
Politics
Senate Defends Passage Of State Police Bill
The Senate has defended the passage of the Constitution of the Federal Republic of Nigeria (Alteration) (State Police) Bill, 2026, saying the proposed creation of state police is driven by national consensus and the country’s security needs rather than political considerations.
The Red Chamber passed the bill last Wednesday after more than two-thirds of senators voted in support.
In a statement issued yesterday by the Directorate of Media and Public Affairs, Office of the Senate Leader, Senator Opeyemi Bamidele described the bill as “a child of necessity and not of political expediency as well as a product of national consensus and not of cynicism.”
The senate leader said the proposal to establish state police was a matter of urgent public importance that could not be delayed because of political interests, given the country’s security challenges.
He explained that the proposal did not originate recently but emerged from memoranda submitted to the Senate Ad-hoc Committee on the Review of the 1999 Constitution.
According to him, the proposal underwent extensive consultations and rigorous scrutiny because of its sensitive nature.
Bamidele said the National Assembly consulted widely with the Executive, the Nigeria Governors’ Forum, the Conference of Speakers of State Legislatures of Nigeria, the leadership of the Nigeria Police and other stakeholders before passing the bill.
He added that during the public hearings conducted across the six geopolitical zones in July 2025, participants overwhelmingly supported the creation of state police.
“At each level of our consultation, nearly all stakeholders embraced the State Police Bill in the light of stark realities we are facing today,” he said.
The Senate leader noted that recommendations from the Nigeria Police contributed to the bill, particularly on accountability and oversight mechanisms aimed at preventing abuse of state police by political actors.
According to him, the police’s support for the proposal underscores its national significance in tackling insecurity at the state and local levels.
Bamidele also said the bill received broad bipartisan backing in both chambers of the National Assembly.
“Even though the APC is the majority, there are members of opposition parties — PDP, ADC, NDC and Labour Party — that exercised their discretion in favour of the Bill, mainly in the national interest and not on parochial basis.
“In the Senate, for instance, 84 out of 109 members voted clause by clause in support of the Bill. This accounted for 77.06 per cent approval at the Senate alone,” he said.
He argued that national security should transcend political affiliations, saying political actors in other countries often set aside partisan interests to support initiatives that strengthen security.
Bamidele called on opposition parties to contribute constructive ideas that would promote peace and stability, adding that they have a responsibility to offer alternatives that would strengthen the country.
“Even when they disagree on some grounds, they are under obligations to provide credible and useful ideas that can make our nation better and greater. Unfortunately, they have not passed this critical test of opposition democracy,” he said.
News
Probe N6.3bn Constituency Funds Or Face Legal Action, SERAP Tells Akpabio, Abbas
The Socio-Economic Rights and Accountability Project (SERAP) has called on Senate President, Godswill Akpabio, and Speaker of the House of Representatives, Tajudeen Abbas, to refer allegations of the diversion or non-accounting of over ?6.3 billion in constituency project funds to anti-corruption agencies for investigation and possible prosecution.
The group also urged the National Assembly leadership to ensure that anyone found culpable is prosecuted where sufficient admissible evidence exists, while all diverted or unaccounted public funds are recovered and paid into the treasury.
In a letter dated June 27, 2026, and signed by its Deputy Director, Kolawole Oluwadare, SERAP said the allegations were contained in the Auditor-General of the Federation’s 2022 Annual Report, published on September 9, 2025.
The organisation disclosed this in a statement signed and released by Oluwadare, yesterday.
SERAP also asked Akpabio and Abbas to disclose the identities of contractors and companies, including their shareholders and beneficial owners, that allegedly received constituency project funds but failed to execute the projects.
It gave the National Assembly seven days to act on its recommendations, warning that it would institute legal proceedings should the legislature fail to respond.
“We would be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and the National Assembly to comply with our request in the public interest,” the letter stated.
It said, “The allegations involve several federal ministries, departments and agencies, including the Environmental Health Registration Council of Nigeria (EHORECON); the Federal College of Animal Health and Production Technology, Volm; the Federal Polytechnic, Udana; the National Agency for the Prohibition of Trafficking in Persons (NAPTIP); and the National Institute of Legislative and Democratic Studies (NILDS).
“The Auditor-General identified numerous cases of payments into private bank accounts, contracts awarded without due process, payments for contracts not executed or services not rendered, undocumented expenditures, inflated contracts, procurement irregularities and failures to account for public funds, recommending in each case that the funds be recovered and remitted to the treasury.
“According to the 2022 audited report, contained in pages 367 to 396, the Environmental Health Registration Council of Nigeria (EHORECON or Council) Abuja paid over ‘N22 million [N22,944,565.16] into the private account of some members of staff of the Council from the Constituency Projects Fund Account.
“There ‘was no evidence of the utilization of the funds and no explanations on the purpose for the payment of such amount into the individual accounts.”
SERAP added, “The Council (EHORECON) also in 2021 ‘awarded suspicious consultancy contracts of over N12 million [N12,030,818.29] for the development of Modern Abattoirs in Kebbi State and the supervision of 7 projects in Kebbi, Jigawa, and Headquarters Abuja.
“The money was to ‘produce bills of quantity, architectural design, structural design, mechanical design, and electrical designs for the contracts and supervision.’ But ‘the ‘items could not be found.’”
Altogether, SERAP said the Auditor-General’s 2022 report alleged EHORECON paid more than ?1.8 billion in constituency project funds through questionable transactions.
For the Federal College of Animal Health and Production Technology, Vom, SERAP said the institution “in 2022 reportedly ‘paid over N279 million [N279,700,500.00] to 3 contractors to empower and train youths in selected vocational areas in Borgu and Kontagora, Niger State, train women and youths in entrepreneurship in Niger East Senatorial District and to train youths and women in agro production and self-reliance in Barki Ladi/Riyom Federal Constituency, Plateau State.
“But the money was paid to the contractors without any document.’”
Other irregularities involving the college include another ?279.7 million in mobilisation fees allegedly paid without documentation, and more than ?629.4 million paid to unqualified contractors for various constituency projects without evidence of due process, contract advertisements or details of the contractors.
SERAP further alleged that the Auditor-General’s report identified multiple financial irregularities involving the Federal Polytechnic, Ukana, Akwa Ibom State, including over ?407 million allegedly paid as mobilisation fees without supporting documents, more than ?399 million paid to unqualified contractors, contracts allegedly inflated by over ?192 million, over ?279 million paid for projects not fully executed, ?50 million allegedly paid for an unexecuted borehole project, and more than ?83 million disbursed without the required documentation or approvals.
It also alleged that NAPTIP reportedly irregularly awarded contracts worth over ?21.8 million, paid more than ?176.8 million for logistics and consultancy services without supporting documents, and disbursed over ?89.6 million and ?4.4 million for projects that were allegedly not executed.
The report also alleged that NILDS failed to submit audited financial statements for 2012 to 2022, did not remit over ?15 million in stamp duties, and spent ?1.6 million without authorisation from the Office of the Accountant-General of the Federation.
SERAP said the report recommended the recovery of the affected funds and their remittance to the treasury.
It argued that corruption in constituency projects disproportionately affects poor and vulnerable Nigerians by diverting resources meant for public services and development.
It added that the National Assembly, in exercising its oversight responsibilities, should demonstrate leadership by ensuring accountability in the management of constituency project funds.
The organisation further argued that the allegations, if established, would amount to breaches of the Constitution, the Fiscal Responsibility Act 2007 and the Public Procurement Act 2007, which require transparency, accountability and due process in the management of public resources.
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