General
SERAP Begs Buhari to Probe N17b Bribe Payment for 2015 Budget
By Modupe Gbadeyanka
A passionate appeal has been made to President Muhammadu Buhari to use his good office to investigate and prosecute beneficiaries of the N17 billion allegedly paid by the last administration to the National Assembly to enable them pass the 2015 Appropriation Bill.
In an open letter to the President, a group known as Socio-Economic Rights and Accountability Project, (SERAP) want the matter to be looked into.
In the letter, SERAP wants Mr Buhari to “direct the Attorney General of the Federation and Minister of Justice Abubakar Malami, SAN, and/or appropriate anti-corruption agencies to without delay investigate the alleged payment of N17 billion to the National Assembly as ‘election expenses’ of its members to pass the 2015 budget, and if there is relevant and sufficient admissible evidence, prosecute anyone suspected to be involved.”
In her book, former Minister of Finance, Mrs Ngozi Okonjo-Iweala, had said the last government bribed the parliament to pass the budget in 2015.
“N17 billion was forced into the budget for election expenses of members of the National Assembly with the agreement of its leadership. The funds became the price to pay to have the 2015 budget passed,” she had disclosed on page 80 of her book titled ‘Fighting Corruption is Dangerous.’
As a result of this disclosure, SERAP, in its letter, urged the president to “instruct the Attorney General and/or appropriate anti-corruption agencies to publish the report of any such investigation including the names of anyone that may have benefited from the public funds, and to ensure the recovery of proceeds of corruption.”
The group warned that it would “institute legal proceedings to compel your government to act in the public interest if these steps are not taken within 14 days of the receipt and/or publication of this letter.”
According to the letter dated June 1, 2018 and signed by SERAP deputy director, Mr Timothy Adewale, the organization said, “The allegation of budgeting N17 billion as election expenses of lawmakers suggests a fundamental breach of article 15 of the UN Convention against Corruption, which Nigeria has ratified. Using public funds as election expenses of lawmakers is contrary to the convention, which prohibits bribery and requires the authorities to ensure proper management of public affairs and public funds.”
SERAP noted that, “The illicit or improper nature of the election expenses is buttressed by the fact that the election of any lawmaker is a ‘benefit’ to him/her and not a matter of public interest or legitimate public spending, and implicitly amount to an abuse of legislative powers for private gain.”
“Allowing lawmakers to enjoy illicit benefits is an arbitrary or unjust exercise of executive functions. Facilitating N17 billion as election expenses has undercut access of millions of Nigerians to public services, as the funds could have been legitimately spent on services such as health, education, electricity supply or public transportation that those with few resources are dependent upon,” it added.
The statement read in part: “The required elements of the offence of bribery are those of promising, offering or giving something to a public official, such as the alleged N17 billion for election expenses of lawmakers. The allegation that the members of the executive allowed the National Assembly to have their way on the N17 billion also suggests giving the lawmakers an undue advantage to get the 2015 budget passed. The undue advantage or bribe also seemed linked to the official duties of lawmakers to induce the passing of the budget.”
“SERAP notes that the alleged N17 billion bribe has increased attention to the growing lack of transparency and accountability of the National Assembly, and the corresponding loss of trust and faith by Nigerians in the budgeting process and disillusionment in their lawmakers.”
“Investigating the allegation, identifying those suspected to be involved and ensuring that they are promptly brought to justice as well as ensuring recovery of any proceeds of corruption would help address the crisis of integrity in the National Assembly and contribute to improving public trust as well as promote access of Nigerians to an honest public service.”
“The ultimate object of any government is to promote good governance and the greatest happiness of the greatest number. This means stopping arbitrariness in the budgeting process, and in the use of public funds as well as replacing privilege with transparency and accountability that characterize a democratic society.”
“SERAP is concerned that the allegation of budgeting N17 billion for election expenses of lawmakers if proven would amount to gross violations of law, abuse of power, and bribery, and indeed, undermining the law-making and budgeting process. We urge your government to use this case as an opportunity to demonstrate its willingness to comprehensively address the endemic flaws and corruption in the budgeting process.”
“We note that the Attorney General is a defender of public interest and has the powers under Section 174(1) of the Constitution of Nigeria 1999 (as amended), to institute and undertake criminal proceedings against anyone suspected to be responsible for acts of corruption.”
By Adedapo Adesanya
The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced that Nigeria will launch a new alphanumeric postcode system on October 1, 2026, with every home expected to have a unique postcode.
Mr Tijani disclosed the development in a video post on X, describing the new system as a more precise and digitally oriented approach to addressing locations across the country.
He said the initiative would mark a significant shift in Nigeria’s postal addressing system by assigning unique postcodes to individual homes.
The initiative marks a major step in Nigeria’s digital transformation agenda. By replacing the outdated numeric-only system, the alphanumeric codes provide a more flexible and scalable framework that can accommodate the country’s rapid urban growth and diverse settlement patterns.
For emphasis, an alphanumeric postcode system is a postal indexing system that uses a combination of both letters (alpha) and numbers (numeric), along with spaces or punctuation, to identify specific geographic locations, streets, or individual buildings for mail delivery.
Unlike purely numeric postcode systems (such as the 5-digit US ZIP Code or 5-digit codes used in some European countries), alphanumeric codes offer a much higher number of unique combinations using fewer total characters. This flexibility allows postal authorities to pinpoint locations with incredible precision, often down to a single side of a street or a specific large building.
“On October 1st 2026 Nigeria’s new Alphanumeric Postcode System goes live,” Mr Tijani said.
“For the first time, every home will be assigned a unique postcode that’s simple, precise and built for a digital future,” he added.
The minister urged Nigerians to prepare to generate their individual postcodes ahead of the launch.
The new system is expected to strengthen Nigeria’s digital addressing infrastructure and improve the identification and location of homes and properties for postal and other location-based services.
The initiative is being implemented in collaboration with the Nigerian Postal Service (NIPOST) as part of broader efforts to modernise the country’s addressing and digital infrastructure.
By Modupe Gbadeyanka
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has been directed to give an account to Nigerians on how the current government has fared since its inception on May 29, 2023.
This directive was given by President Bola Tinubu in a message posted on his verified social media handles on Wednesday.
This coincides with the commencement of campaigns for the 2027 presidential election scheduled for January 16.
According to the timetable of the Independent National Electoral Commission (INEC), candidates seeking to become the country’s president are eligible to kick off their campaigns from today, Wednesday, August 19, 2026.
In his message today, Mr Tinubu said, “When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children.
“Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did.
“I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains.
“You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country.
“This is your government. This is your country. This is our account to you.”
Shortly after he took the oath of office over three years ago, President Tinubu declared that subsidies on petroleum products were gone. He later approved foreign exchange (FX) reforms, which devalued the Nigerian Naira, shooting from about N800 per Dollar to nearly N2,000 per Dollar. However, it is currently slightly above N1,340 per Dollar in the official market.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Agip Exploration (NAE) Limited are advancing discussions on the development of deepwater assets estimated to hold 500 million barrels of oil reserves.
The development followed a meeting between the chief executive of the state oil company, Mr Bayo Ojulari, and Agip’s Vice Chairman and Managing Director, Mr Maurizio Pinna, in Abuja.
The talks focused on ongoing work on deepwater acreage jointly held by NNPC, NAE and Shell Nigeria Exploration and Production Company (SNEPCo) as well as plans to bring the associated resources into production.
According to NNPC, the acreage comprises the Zabazaba and Etan deepwater fields, with estimated reserves of about 500 million barrels.
The fields are located in Nigeria’s deepwater terrain and are considered significant to the country’s efforts to expand its upstream oil production base, particularly as operators seek to advance projects capable of delivering additional barrels over the medium to long term.
While details of the expected production timeline were not disclosed, the meeting underscores renewed industry focus on unlocking Nigeria’s deepwater resources and growing crude oil production.
The acreage comprises licences converted from OPL 245 and is operated by NAE in partnership with NNPC Limited and SNEPCo.
Mr Ojulari and Mr Pinna also reviewed the work currently underway on the assets and the expected production outlook, with the discussions centred on advancing deepwater development.
The engagement comes amid renewed efforts to attract investment into Nigeria’s offshore petroleum resources and increase national oil production.
