General
Groups Give Akpabio 14 Days to Resign as Senate President
By Modupe Gbadeyanka
Mr Godswill Akpabio has been given 14 days to resign as the Senate President over allegations that the 2024 budget passed by the parliament and signed by President Bola Tinubu was padded.
In an interview with BBC Hausa, a Senator from Bauchi State, Mr Abdul Ningi, alleged that about N3 trillion in the N28.7 trillion appropriation law could not be matched to any item line, noting that only N25 trillion did.
His revelation has generated outbursts in the country, though his colleagues from the Northern Senators’ Forum disowned him, while he admitted that he spoke for himself.
Reacting, the Conference of Nigeria Political Parties (CNPP) and its over 75 allied civil society organisations under the umbrella of the National Civil Society Organisations Against Inept Leaders, have demanded the immediate resignation of Mr Akpabio, who doubles as the Chairman of the National Assembly.
In a statement co-signed by the Deputy National Publicity Secretary of CNPP, Mr James Ezema, and the National Secretary of the coalition of CSOs, Mr Ali Abacha, the associations urged President Tinubu to raise up and end the era of budget padding in the country.
“We recall that last week, Senators accused the President of the Senate, Godswill Akpabio, of inserting projects worth over N3 trillion in the 2024 budget, whereas the said projects were all to be sited at unknown locations.
“Senator Ningi had in a BBC Hausa interview, alleged that the budget version in operation is different from what the lawmakers passed in December 2023, revealing that senators had engaged a consultant to investigate the padding of the budget, saying that a N25 trillion budget was debated and passed by the National Assembly, not N28.7 trillion currently being implemented.
“We are quick to note that the name of the President of the Senate for over ten years has come up in countless corruption allegations from his days as the Governor of Akwa Ibom State till date.
“For instance, there are countless unresolved allegations of corruption against Senator Akpabio, including allegations by Civil Society Organisations under the aegis of Network Against Corruption And Trafficking (NACAT), which had urged the Economic and Financial Crimes Commission (EFCC) to investigate Senator Akpabio over alleged diversion of the sum of N700 billion while he held sway as the Governor of Akwa Ibom State.
“NACAT cited an audit report of Akwa Ibom State treasury between 2011 and 2015, which accused Akpabio of financial infractions amounting to over N1 trillion naira while serving as governor.
“The same President of the Senate has allegation of looting over N200 billion of Niger Delta Development Commission (NDDC) funds hanging over his head as a minister.
“There was reported inconclusive investigation by the EFCC in June 2015 over the alleged theft of approximately N108 billion during Akpabio’s tenure as governor of Akwa Ibom State.
“Also, in May 2020, Akpabio was investigated by the National Assembly for the misappropriation of N40 billion from the Niger Delta Development Commission (NDDC) funds.
“Recall that Joy Nunieh, a former acting managing director of NDDC, had accused Akpabio of attempting to silence her by demanding she take an oath to prevent her from exposing fraud at the commission.
“The said Nunieh also accused the now President of the Senate of sexual harassment and she claimed to have slapped him (Akpabio) at his guest house in Abuja.
“It is true that Senator Akpabio denied these allegations, just as he is doing over the budget padding accusation, and even filed a defamation lawsuit against Nunieh. But these heinous allegations have put a question mark on the image of Senator Godswill Akpabio until they are resolved in favour or against the President of the Senate.
“Just before he became the President of the Senate, in March 2023, the EFCC invited Akpabio for questioning regarding allegations of abuse of office and misappropriation of funds but Akpabio’s lawyer cited a scheduled medical appointment overseas as the reason for his client’s inability to attend the invitation. This is how Senator Akpabio has been manipulating and escaping legal processes.
“However, the budget padding allegation is not the first time senators are accusing Akpabio of wrongdoing. We recall that in a viral video in 2023, at plenary, Senator Ali Ndume of Borno (APC) accused the President of the Senate of passing bills without contributions from Senators.
“In his words, You are just passing bills without prior notification, even money bills, you just pass without anyone’s contribution and within 2 hours. This is not good for Nigeria and history will judge you, Senator Ndume said.
“These and many other unresolved allegations against Senator Akpabio carry heavy moral burdens and have continued to portray Senator Akpabio as a man of questionable integrity.
“Therefore, we believe that this budget padding burden amid unprecedented hunger and deprivation in the country should reawaken the consciousness of Nigerians that the All Progressives Congress (APC) administration has been a party that has in nearly nine years made the corruption-infested 16 years of the Peoples Democratic Party (PDP) as a child’s play.
“Unfortunately, the failure of the EFCC and the Nigerian justice system to bring corrupt politicians to justice led to his emergence as President of the Senate in what has been seen as the arm-twisting of Senators by the ruling All Progressives Congress (APC) in June 2023. In the buildup to the inauguration of the 10th National Assembly, it became obvious that President Bola Tinubu had a preference for his candidacy for the lofty office in the upper chamber.
“Now, rather than give a convincing explanation over how projects were inserted into the budget as alleged, the President of the Senate has obviously employed a divide-and-rule tactics in the Senate to water down the allegation.
“Senator Akpabio should know that no amount of blackmail against his colleagues or the civil society would lessen his moral burden until he purges himself of the allegations against him.
“We therefore call on the President of the Senate to immediately step aside for a thorough investigation of the allegation of budget padding against him and his office within 14 days.
“In the event that he remains in office, we also call on all Senators of good conscience to rise to the occasion and commence the impeachment process against Senator Akpabio after our 14 days ultimatum to pave the way for an unhindered investigation of the allegation against him as Senator Akpabio cannot be a judge in his case.
“We, therefore, urge President Bola Tinubu to stand on his feet and end the era of budget padding in the country by prevailing on Senator Akpabio to leave office for proper investigation as the presidency in a statement signed by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, inadvertently admitted that there was a budget padding to the tune of over N1 trillion when he claimed that President Tinubu presented N27.5 trillion budget to the National Assembly but N28.7 trillion was passed; and this proves that there is merit in the allegation as what was passed was not what was presented to the National Assembly.
“So, if our demands are not met, we will have no choice but to mobilize our members, all other civil society organisations, human rights activists, opinion leaders, political parties, men and women of goodwill and conscience, and all hungry citizens to occupy the National Assembly until our demands are met,” they stated.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
General
Dangote Refinery Warns Against Artificial Petrol Scarcity
By Modupe Gbadeyanka
Local crude oil refiner, Dangote Petroleum Refinery, has kicked against attempts to put consumers of premium motor spirit (PMS), otherwise known as petrol, under untold hardship in the country.
The company, which commenced nationwide sales of the product at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, appealed to Nigerians to report any of its marketers who sell above this price.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable.
“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the Lagos-based refinery said in a statement.
It noted that the significant price reduction was part of its mission to deliver affordable fuel to consumers and stabilize the downstream petroleum market.
With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.
Dangote Refinery applauded marketers who have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
Historically, the festive season has been associated with fuel scarcity and sharp price hikes. However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.
By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 0800 123 5264,” the refinery said.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” it added, reaffirming its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.
“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.
General
N185bn Gas Debts Clearance to Stabilize Power Sector, Revive Investment—FG
By Adedapo Adesanya
The federal government’s approval of N185 billion as the settlement for long standing debts owed to gas producers in the country has been described as a major boost for Nigeria’s gas industry and power generation value chain.
The decision, endorsed by the National Economic Council (NEC) chaired by Vice President Kashim Shettima, followed the authorisation by President Bola Tinubu and represents one of the most significant fiscal interventions in the energy sector in recent years.
The legacy debts, accumulated over years for gas supplied to power plants, have constrained cash flow for producers, discouraged new investments and reduced gas supply to electricity generation, worsening Nigeria’s chronic power shortages.
Under the approved framework, the debts will be settled through a royalty-offset arrangement, a mechanism expected to ease government liabilities while restoring confidence among domestic and international gas suppliers.
The Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, described the approval as a turning point for the sector.
“This is a decisive step towards revitalising Nigeria’s gas sector and strengthening its power-generation capacity in a sustainable manner,” Mr Ekpo said, adding that the move aligns with President Tinubu’s commitment to resolving structural bottlenecks in the energy industry.
He noted that clearing the arrears would help rebuild trust between government and gas producers, many of whom had slowed investments due to persistent payment uncertainties.
“Settling these debts is critical to restoring investor confidence, reviving upstream activities and accelerating exploration and production,” Mr Ekpo stated.
According to him, increased gas output would directly translate into improved power generation, helping to address electricity shortages that have long constrained industrial productivity and economic growth.
The gas minister further explained that the intervention supports the Federal Government’s Decade of Gas initiative, which targets unlocking more than 12 billion cubic feet per day of gas supply by 2030.
On his part, the Coordinating Director of the Decade of Gas Secretariat, Mr Ed Ubong, said the decision sends a strong signal to investors across the gas-to-power value chain.
“This approval underlines the Federal Government’s determination to clear legacy liabilities and assure gas producers that supplies to power generation will be honoured,” Mr Ubong said.
He added that the move could unlock stalled projects, revive investor interest and rebuild momentum toward Nigeria’s transition to a gas-driven economy.
The settlement could mark a critical step in stabilising gas supply to power plants, improving electricity reliability and positioning gas as a catalyst for industrialisation and long-term economic growth.
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