EFCC docks ex-MD Port Harcourt Refinery for alleged N1.32bn money laundering
The Economic and Financial Crimes Commission (EFCC), Wednesday, arraigned Mr. Ahmed Adamu Dikko, former Managing Director of Port Harcourt Refining...
The Economic and Financial Crimes Commission (EFCC), Wednesday, arraigned Mr. Ahmed Adamu Dikko, former Managing Director of Port Harcourt Refining...
The NDC-Peter Obi Support Network (NDC-POSN) has expressed concern over what it described as the alleged harassment and intimidation of...
The Presidential candidate, of the Nigeria Democratic Congress (NDC) Peter Obi, has described grand corruption as the greatest threat facing Nigeria, citing a recent International Monetary Fund (IMF) report which, according to him, raised fresh concerns over the management of public finances under the administration of President Bola Ahmed Tinubu. In a statement shared on Sunday, Obi said the IMF’s latest consultation report indicated that about ₦8.83 trillion in public expenditure undertaken in 2025 was not reflected in the national budget, a situation he said points to a breakdown in fiscal accountability. According to him, the expenditure was neither appropriated by the National Assembly, nor subjected to the normal administrative checks required for public expenditure. “The recent report from the IMF consultation further raises concerns about the scale of grand corruption under the Tinubu government. "The IMF now reveals that about N8.83 trillion in expenditure undertaken in 2025 is not reflected in the budget. "This expenditure is not budgeted and is therefore not under legislative oversight or administrative scrutiny. This is horrible,” Obi said. The former Governor of Anambra State argued that the amount involved represented a significant portion of the country’s economy and exceeded allocations to key sectors. He stated that the ₦8.83 trillion amounts to about two per cent of Nigeria’s Gross Domestic Product (GDP), more than 35 per cent of the 2025 capital expenditure budget of ₦23.96 trillion, and even surpasses the actual capital funds released during the year. Obi further noted that the figure is higher than the combined federal allocations to education and health. ...
President Bola Tinubu on Wednesday hailed the performance of the Federal Capital Territory (FCT) Minister, Nyesom Wike, declaring that it...
*Police alone 201 rifles The Nigeria Police Force lost 201 rifles to terrorists, bandits and other armed groups between 2021...
Presidential candidate of the Nigeria Democratic Congress (NDC), Mr. Peter Obi, has taken his dispute with his former Presidential Campaign...
The Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has said the Nigerian Army would recruit 28,000 personnel to boost...
The Infrastructure Concession Regulatory Commission (ICRC) has unveiled the Model Public Private Partnership (PPP) Agreement, Version 1.0, to address Nigeria’s...
Media Rights Agenda (MRA) has called on the Federal Government and relevant stakeholders to prioritize the enactment of a comprehensive...
The Abia State Government has announced a ban on commercial motorcycle operations, popularly known as “Okada”, within the metropolitan areas of...
The Ebola outbreak in the Democratic Republic of Congo (DRC) has claimed 600 lives, according to the latest figures released...
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