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‘N500b Running Cost’: SERAP Floors Saraki, Dogara in Court

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By Dipo Olowookere

A Federal High Court sitting in Ikoyi, Lagos has compelled the Senate President, Mr Bukola Sakari and Speaker of the House of Representatives Mr Dogara Yakubu, to account for the spending of N500 billion as running cost for the legislative body between 2006 and 2016, and disclose monthly allowances of each member.

In his ruling on Friday, Justice Rilwan Aikawa granted the prayer of Socio-Economic Rights and Accountability Project (SERAP), which filed the suit against the National Assembly and its principal officers.

With this judgement, Nigerians may soon know how exactly the National Assembly is run and how much is used for its operations.

“I have looked at the papers filed by SERAP and I am satisfied that leave ought to be granted in this case for judicial review and an order of mandamus directing and compelling Saraki and Dogara to account for the spending of the running cost and disclose the monthly income and allowances of each Senator and member,” Justice Aikawa held.

SERAP, last December, in the suit numbers FHC/L/CS/1711/16 and FHC/L/CS/1710/16, had sought “a declaration that the failure and/or refusal of the Respondents to disclose the spending of N500 billion as running cost between 2006 and 2016, and the monthly income and allowances of each Senator and member amounts to a breach of the fundamental principles of transparency and accountability and violates Articles 9, 21 and 22 of the African Charter on Human and Peoples’ Rights (Ratification and Enforcement) Act; a declaration that by virtue of the provisions of Section 1 (1) and Section 4 (a) of the Freedom of Information Act 2011, the Defendants/Respondents are under a binding legal obligation to provide the Plaintiff/Applicant with up to date information on the spending allowances of each Senator and member including: Details of projects on which the N500 billion running cost between 2006 and 2016 were spent; and an order of mandamus directing and or compelling the Defendants/Respondents to provide the Plaintiff/Applicant with up to date information on the spending of N500 billion as running cost between 2006 and 2016, and the monthly income and allowances of each Senator and member including: Details of projects on which the N500 billion running cost between 2006 and 2016 were spent.

Justice Aikawa granted the order for leave following the hearing of an argument in court on exparte motion by SERAP counsel Ms Bamisope Ibidolapo.

The suit followed disclosure by Abdulmumin Jibrin that Nigerian Senators and House of Representatives members have pocketed N500 billion as ‘running cost’ out of the N1 trillion provided for in the National Assembly budgets between 2006 and 2016, and by former president Olusegun Obasanjo that each Senator goes home with nothing less than N15m monthly while each member receives nothing less than N10m monthly.

The order by Justice Aikawa has now cleared the way for SERAP to advance its case against the Senate President and the Speaker of the House of Representatives. The motion on notice is set for Tuesday 12 December, 2017 for the hearing of argument on why Saraki and Dogara should not be compelled to publish details of the spending on the running of the National Assembly and the exact monthly income and allowances of each Senator and member.

The suits read in part: “Obedience to the rule of law by all citizens but more particularly those who publicly took oath of office to protect and preserve the constitution is a desideratum to good governance and respect for the rule of law. In a democratic society, this is meant to be a norm; it is an apostasy for government to ignore the provisions of the law and the necessary rules made to regulate matters”.

“The Defendants will not suffer any injury or prejudice if the information is released to the members of the public. It is in the interest of justice that the information be released. Unless the reliefs sought herein are granted, the Defendants will continue to be in breach of the Freedom of Information Act, and other statutory responsibilities.”

“Up till the time of filing this action the Defendants/Respondents have failed, neglected and/or refused to make available the information requested by SERAP. The particulars of facts of the failure, negligence and refusal are contained in the verifying affidavit in support of the application and shall be relied upon at the hearing of this application. The Defendants/Respondents have no reason whatsoever to deny SERAP access to the information sought for.”

“By virtue of Section 1(1) of the FOI Act 2011, SERAP is entitled as of right to request for or gain access to information which is in the custody or possession of any public official, agency or institution. Under the FOI, when a person makes a request for information from a public official, institution or agency, the public official, institution or agency to whom the application is under a binding legal obligation to provide the Plaintiff/Applicant with the information requested for, except as otherwise provided by the Act, within 7 days after the application is received.”

“The information requested for by SERAP relates to information about spending of N500 billion as running cost between 2006 and 2016, and the monthly income and allowances of each Senator and member. The information requested by SERAP does not come within the purview of the types of information exempted from disclosure by the provisions of the FOI Act. The information requested for, apart from not being exempted from disclosure under the FOI Act, bothers on an issue of National interest, public concern, social justice, good governance, transparency and accountability.”

“It is submitted that Section 4(a) of the FOI Act 2011 is a mandatory and absolute provision which imposes a binding legal duty or obligation on a public official, agency or institution to comply with a request for access to public information or records except where the FOI Act expressly permits an exemption or derogation from the duty to disclose. Nigerian courts have consistently held that the use of mandatory words such as “must” and “shall” in a statute is naturally prima facie imperative and admits of no discretion.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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4th South Africa Focus Week Begins in Lagos to Strengthen Bilateral Ties

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By Adedapo Adesanya

The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.

The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.

The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.

The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.

This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.

Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.

Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.

The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.

The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).

This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.

Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.

The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.

The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.

The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.

According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.

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EFCC Arrests Ex-Skye Bank Chair Tunde Ayeni Over Alleged Diverted Loans

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By Modupe Gbadeyanka

The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).

Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.

Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.

He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.

After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.

The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.

He is being grilled over the matter and would be arraigned in court once the investigation is concluded.

This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.

The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.

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Customs, Police Commence Tighter Security at Ports to Protect Oil Trade

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By Adedapo Adesanya

The Nigeria Customs Service (NCS) and the Nigeria Police have begun securing the country’s maritime corridor as part of critical moves to safeguard oil and gas trade flows through the nation’s ports.
This follows a recent strategic engagement between the Ibeto Seaport and Terminals Command of Customs and the Eastern Port Police Command in Port Harcourt, where both agencies reaffirmed their commitment to joint operations.
Customs Area Controller, Mr Usman Yahaya, described inter-agency cooperation as essential to protecting critical economic infrastructure.
“This visit is timely and highly appreciated. It reflects the importance of sustained cooperation among agencies entrusted with the security of our nation and the protection of critical economic assets,” he said.
Mr Yahaya stressed that collaboration between Customs and Police remains central to maintaining order and preventing criminal activities within port environments.
“Customs and the Police share common responsibilities in safeguarding the port environment. Synergy remains the cornerstone for achieving our collective mandate,” he added.
He further assured continued support for the Police Command to enhance operational effectiveness.
“Customs Area Controller Usman Yahaya (sitting, right) and Commissioner of Police Shuaibu Audu (sitting, left) with other Customs and Police personnel

“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”

On his part, the Commissioner of Police, Eastern Port Command, Mr Shuaibu Audu, said the visit was aimed at strengthening existing ties between both agencies.
“My presence here today is to reinforce the cordial relationship between the Nigeria Police Force and the Nigeria Customs Service. No organisation can function effectively in isolation,” he said.
Mr Audu emphasised the strategic importance of ports to Nigeria’s economy, particularly in the energy sector.
“Our ports are strategic national assets, and we must work together to keep them secure,” he stated. “Synergy among security agencies is essential to addressing emerging threats.”
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