General
FG to Starve Rivers of FAAC Allocation for November
By Modupe Gbadeyanka
Funds meant for Rivers State from the Federation Account Allocation Committee (FAAC) for November 2024 will not be disbursed by the federal government.
This is in compliance with the directive of a Federal High Court sitting in Abuja in October 2024 over the refusal of the Governor of the state, Mr Sim Fubara, to present the 2024 budget to the Mr Martin Amaewhule-led Rivers State House of Assembly.
Last month, the court prohibited the Central Bank of Nigeria (CBN) from releasing FAAC allocations to Rivers State until the budget is re-presented to the recognised assembly.
In December 2023, Mr Fubara presented the budget to a factional state parliament comprising four members led by his current Chief of Staff, Mr Edison Ehie.
This action followed the purported defection of 27 members of the parliament loyal to the immediate past governor of Rivers State and current Minister of FCT, Mr Nyesom Wike, to the All Progressives Congress (APC) from the Peoples Democratic Party (PDP).
Mr Fubara and his political godfather, Mr Wike, fell out shortly after he took over the affairs of Rivers State, and while the Governor has been fighting from the state, his predecessor has been firing from Abuja.
Last month, after conducting local council polls despite attempts to stop it, the court directed the federal government not to make funds available to the state.
The spokesperson for the Office of the Accountant General of the Federation (OAGF), Bawa Mokwa, was quoted as saying that the OAGF will respect the court directive and not give the state any funds.
“What I got is that the October 2024 FAAC has not been distributed yet. However, the federal government will obey the court order on the matter of Rivers State allocation.
“We are going to follow due diligence as long as there is no contrary order. In case there is a contrary, the status will remain,” Mokwa reportedly said on Friday.
General
NYSC Records: Niger Delta Group Suggests Suspension of Tunji-Ojo
By Aduragbemi Omiyale
A group known as the Niger Delta Think Tank on Good Governance has called on President Bola Tinubu, to set up an independent panel to investigate the controversies surrounding the National Youth Service Corps (NYSC) records of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
The organisation led by Mr Gregory Oritsetimihin noted that the demand was not an attempt to indict the Minister but a principled appeal for accountability, due process, and public confidence in Nigeria’s institutions.
Addressing journalists on Monday at a press conference, the group also recommended the suspension of the Minister pending the outcome of the probe, describing such a step as an administrative safeguard rather than a punitive action.
The organisation said it was worrying that the nothing concrete had been done by the inquiry by a notable media organisation, Premium Times, on the matter after invoking the Freedom of Information Act.
According to the group, an official response issued by the NYSC on August 8, 2023, confirmed that the Minister was mobilised for national service in 2006, absconded from the programme, and later resurfaced in 2019, when he was re-mobilised and redeployed to the Federal Capital Territory (FCT). The statement further noted that his Certificate of National Service was eventually issued in February 2023, several years after the expected completion period.
“These facts were not drawn from speculation or social media narratives but were provided directly by the NYSC itself,” the group stated.
The think tank also clarified that universities, rather than the NYSC, are responsible for the mobilisation of graduates, stressing that issues relating to mobilisation, redeployment, and certification are matters of serious institutional responsibility and require objective and transparent review.
It described absconding from the NYSC scheme as a violation of existing laws and civic obligations, warning that unresolved questions surrounding the programme especially involving a serving public official could damage public trust and reinforce perceptions of selective accountability.
While urging calm, the organisation appealed to the President to demonstrate leadership by constituting an independent panel to review the matter and make its findings public.
According to the group, a transparent review would protect the integrity of the Presidency, uphold the credibility of the NYSC, and safeguard the reputation of the Minister.
“Accountability is not persecution, and inquiry is not condemnation,” the think tank said, adding that Nigeria’s democracy is strengthened when issues are addressed openly and in line with due process.
General
NDIC Seeks EFCC Enhanced Support on Asset Tracing, Recovery
By Adedapo Adesanya
The Nigeria Deposit Insurance Corporation (NDIC) has sought an enhanced collaboration with the Economic and Financial Crimes Commission (EFCC) in areas including asset tracing, recovery, and management.
This was hinged on a recent visit by the chief executive of the corporation, Mr Thompson Oludare Sunday, to the chairman of the anti-graft agency, Mr Ola Olukoyede.
Speaking at the occasion, Mr Sunday stressed that the visit offered an opportunity for formal engagement with the EFCC for further collaboration between the two organizations.
“We aim to further strengthen our collaboration, deepen institutional synergy and explore additional avenues for mutual support in the pursuit of national financial system stability. The EFCC has been our partner and we want this to continue. We look forward to an expanded and more impactful partnership between our two esteemed institutions,” Mr Sunday said.
Further in his request, he stated that the NDIC sought to leverage on the EFCC’s technical expertise in asset tracing, recovery and management, particularly in cases involving debtors of banks in liquidation.
“Your experience has and will continue to greatly enhance our recovery efforts. Additionally, we have that strategic responsibility for prosecuting individuals whose actions contribute to the failure of banks. We therefore seek closer collaboration with the Commission in this critical area.”
On his part, Mr Olukoyede, remarked that both agencies of government have a longstanding record of collaboration, pledged to amplify the working relationship.
He emphasized that the NDIC and EFCC are like inseparable twins, working together for years. He reminded the NDIC’s boss that the EFCC had been supporting his agency in the area of investigation, while the NDIC had been supporting the EFCC in the area of training.
“So, there has been this mutually beneficial relationship between NDIC and EFCC and we never intend to stop. We’ll continue to take it to a higher level, and continue to strengthen it,” he said.
Mr Olukoyede reiterated that his policy directive was to stimulate the Nigerian economy with the anti-graft war, leverage productive entities and enhance the capacities of other government agencies through needful interventions.
“One of the things I promised when I resumed was to use the instrumentality of this work to stimulate the economy, not just to make noise all over the place; to strengthen and encourage the internal processes of entities that are doing well and design fraud risk assessment for them. That was what necessitated my establishing a new department called Fraud Risk Assessment and Control.
“We don’t have to always wait for money to be stolen. Let us work with you and stakeholders in the economy to fine tune our system and make sure that we clean our financial ecosystem. You’re a key player in that area, and we are always willing to collaborate with you,” he added.
General
Again, Nigeria’s Electricity Grid Collapses, Triggers Nationwide Blackout
By Adedapo Adesanya
Nigeria’s electricity grid collapsed again on Tuesday morning, cutting power supply nationwide after generation and load allocation dropped to zero across all distribution companies,.
The incident marks the second recorded collapse of the national power grid in 2026, the second as well in five days following last Friday’s inclident.
This also means the third time in one month after a similar failure on December 29, 2025.
The system failure occurred at about 10:50 a.m, when electricity allocation to all electricity distribution companies fell to zero. Data from the grid operator showed that power generation plunged to zero megawatts, triggering a total shutdown of supply across the country.
A review of the national distribution load profile at the time of the incident indicated that all distribution companies, including Abuja, Eko, Benin, Enugu, Ibadan, Ikeja, Jos, Kano, Kaduna, Port Harcourt and Yola, recorded zero load, confirming a nationwide outage.
All 23 power generation plants connected to the national grid reportedly lost output during the incident, resulting in zero power allocation to each of the 11 electricity distribution companies.
As of time of filing this report, no official confirmation has been provided by the government authorities.
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