General
Tinubu Must Probe Use of $1.5bn World Bank, $3bn China Loans—SERAP
By Adedapo Adesanya
President Bola Tinubu has been tasked by the Socio-Economic Rights and Accountability Project (SERAP) to investigate the use of the $1.5 billion and the $3.121 billion loans collected from the World Bank and China, respectively.
In a letter dated August 10, 2024 and signed by SERAP deputy director, Mr Kolawole Oluwadare, the group urged the President to direct the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN), and appropriate anti-corruption agencies to promptly and thoroughly look into the spending of $1.5 billion World Bank loan obtained by the 36 states and Abuja for poverty reduction and social protection across the states.
It argued that the prompt investigation into the alleged mismanagement of the Chinese loans of $3.121 billion obtained by the federal government would ensure accountability for the spending of the two loans and would also build trust in democratic institutions with the ultimate aim of strengthening the rule of law.
Business Post reports that the $1.5 billion World Bank loan is for two projects; Nigeria COVID-19 Action Recovery and Economic Stimulus Programme for Results (Nigeria CARES) and the State Fiscal Transparency, Accountability and Sustainability Program for Results (SFTAS).
The Chinese $3.121 billion loans are for 11 projects including the Nigerian Railway Modernization Project (Idu-Kaduna section); the Abuja Light Rail Project, the Nigerian Four Airport Terminals Expansion Project (Abuja, Kano, Lagos and Port Harcourt), the Nigerian Railway Modernization Project (Lagos-Ibadan section) and Rehabilitation and Upgrading of Abuja – Keffi- Makurdi Road Project.
SERAP said, “Suspected perpetrators of corruption and mismanagement should face prosecution as appropriate, if there is sufficient admissible evidence, and any proceeds of corruption should be fully recovered.”
“There are reports that the $1.5bn World Bank loan to the 36 states and Abuja and the $3bn Chinese loans obtained by the Federal Government may have been mismanaged or diverted, and in any case remain unaccounted for.
“Investigating and prosecuting allegations of corruption and mismanagement in the spending of World Bank loans and Chinese loans would be entirely consistent with the Nigerian Constitution, and the country’s international anti-corruption obligations,” the letter further said.
SERAP expressed that it was concerned about the continuing lack of transparency and accountability in managing World Bank loans and Chinese loans obtained by the states and the Federal Government.
“We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government to comply with our request in the public interest,” it added.
The group also said it was concerned about years of allegations of corruption and mismanagement in the spending of World Bank loans and Chinese loans obtained by Nigeria’s 36 states and the Federal Government, as well as the entrenched impunity of perpetrators.
General
Kebbi Attack Claims 44 Lives Across Eight Communities
By Adedapo Adesanya
The Kebbi State Police Command says 44 people were killed following a coordinated attack on eight communities in Shanga Local Government Area of the North-Western state.
The affected villages include Gebe, Kalkami, Kawara, Kasoshi, Awaye, Tungar Rini, Binuwa, and Dabe.
In a statement issued on Friday, the Kebbi Police Command Public Relations Officer, Mr Bashir Usman, said it launched a statewide clearance operation.
Mr Usman said the operation followed the directive of the Inspector-General of Police (IGP) Olatunji Disu, aimed at preventing further banditry and violent crimes across the state.
The police stated that massive deployments of police personnel and other security agencies have been made to the affected communities, leading to the return of relative calm.
The command added that discreet investigations have commenced into the attack.
The ongoing clearance operation, according to the police, is targeting high-risk areas such as farmlands, forests, border communities, and remote settlements.
It also includes coordinated patrols, intelligence-led stop-and-search operations, and joint actions with other security agencies.
As part of the operation, the police said two AK-47 rifles were recovered along the Illo-Kamba axis, describing it as evidence of the effectiveness of intelligence-led policing.
The Commissioner of Police in the state, Mr Umar Hadejia, called on residents to remain vigilant and cooperate with security agencies by providing timely and credible information.
Mr Hadejia also urged traditional rulers, community leaders, religious bodies, and youth groups to support ongoing efforts to restore peace and strengthen security across the state.
Residents had reportedly appealed to President Bola Tinubu and Kebbi State Governor Nasir Idris to take decisive action to restore security in the area and enable displaced residents to safely return to their homes.
General
TUC Calls for 60% Oil Windfall Allocation to Cut Petrol Costs
By Adedapo Adesanya
The Trade Union Congress (TUC) of Nigeria has proposed that the federal government deploy at least 60 per cent of excess crude oil revenue above the budget benchmark to subsidise feedstock for local refineries, including the Dangote Refinery.
The President of the group, Mr Festus Osifo, made the proposal in Abuja yesterday, warning that the rising cost of petrol has placed unbearable pressure on households and businesses and that such urgent measures remain necessary to ease economic hardship on Nigerian workers.
Mr Osifo explained that crude oil prices above the budget benchmark of $64.85 per barrel currently generate excess revenue shared among the three tiers of government.
He argued that redirecting a significant portion of this surplus into subsidising crude supply for domestic refining would reduce production costs and translate quickly into lower pump prices for petrol, diesel and aviation fuel.
The labour leader noted that the sharp increase in fuel prices, exacerbated by global supply disruptions linked to geopolitical tensions, has worsened transportation costs and manufacturing expenses, ultimately driving up the prices of goods and services.
According to him, the situation risks reversing the modest decline in inflation recorded in recent months.
He said, “We are seeing that the cost of petroleum is edging towards N2,000 per litre, and Nigerian workers are facing excruciating pain as we speak. What we are saying is that if crude oil prices exceed the budget benchmark, let the government take at least 60 per cent of that excess and use it to subsidise crude supplied to Dangote Refinery and other local refineries.
“When you subsidise production directly, it reduces the cost of feedstock, and that will translate immediately to a reduction in the pump price of petroleum products. When this is done, I can assure you that within one to two weeks, the prices of PMS, AGO, and jet fuel will go down, and Nigerians will begin to feel relief.”
Mr Osifo also stressed the need for immediate relief measures, alongside long-term investments in alternative energy such as compressed natural gas (CNG). While acknowledging government efforts to introduce CNG-powered buses, he said inadequate infrastructure remains a major challenge limiting their impact.
He also expressed concerns over the persistent insecurity across the country, urging the government to prioritise investment in modern security equipment and technology while commending security agencies for their ongoing efforts.
General
NIS Suspends Officers Over Extortion Allegations on Lagos-Seme Corridor
By Adedapo Adesanya
The Nigeria Immigration Service (NIS) has ordered the suspension of senior officers overseeing key commands along the Lagos-Seme corridor following allegations of extortion.
The suspension follows the circulation of online reports accusing immigration personnel at the busy border route of misconduct “bordering on extortion,” prompting immediate intervention from the agency’s leadership.
According to a spokesperson of the border controller, Akinsola Akinlabi, in a statement on Friday, April 10, the NIS Comptroller-General, Mrs Kemi Nandap, had “temporarily relieved the Comptrollers in charge of the affected Commands of their duties” pending the outcome of an ongoing investigation.
The service distanced itself from the alleged conduct, with Mrs Nandap condemning the actions in strong terms, describing the incidents as “unacceptable” and in “direct violation of the core values, ethics, and operational standards of the Service”.
According to the statement, a full-scale probe has been launched to uncover the extent of the нарушения, identify officers involved, and enforce sanctions without delay.
“The investigation will be comprehensive… ensuring appropriate disciplinary measures are applied with immediate effect,” the statement said.
While the probe continues, the Service sought to reassure the public of its commitment to professionalism at Nigeria’s borders.
“The service wishes to reassure the general public that it remains committed to delivering professional, transparent, and efficient services at all points of entry and exit,” it stated.
“It will not condone any act that undermines public trust or tarnishes the integrity of the service.”
The agency also called on Nigerians to report misconduct through its official complaint channels, including social media platforms and its 24-hour contact centre, noting that internal oversight mechanisms are being strengthened.
“The Nigeria Immigration Service remains resolute in its mission to serve with integrity, discipline, and professionalism while facilitating lawful migration,” the statement added.
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