The Socio-Economic Rights and Accountability Project (SERAP) has sued the Independent National Electoral Commission (INEC) over its alleged failure to account for more than N126.46bn appropriated for electoral operations. The suit, filed at the Federal High Court in Abuja, seeks an order compelling INEC to disclose how the funds were spent, including details of payments, contractors, beneficiaries and the procurement of election materials, equipment and vehicles. SERAP said its action […]

Minister of the Federal Capital Territory, Nyesom Wike, on Sunday met with Rivers State Governor Siminalayi Fubara at the governor’s private residence in Port Harcourt, alongside members of the state House of Assembly and local government chairmen. The meeting is seen as part of ongoing reconciliation efforts between the two political camps following a prolonged rift that divided the state’s political leadership. The delegation included the Speaker of the House […]

Nigeria’s petrol price relief package could cost the country up to N1.77tn, representing 0.4 per cent of its Gross Domestic Product, according to BMI, a research firm owned by Fitch Solutions. In its latest report titled Fuel Discount Mechanism Raises Macro Risks in Nigeria, the firm warned that prolonged implementation of the intervention could worsen the country’s fiscal position, reduce government revenue and put additional pressure on the naira. The […]

The Presidency and Oyo State Governor, Seyi Makinde, have exchanged words over the alleged withholding of Nigeria LNG Limited (NLNG) dividends meant for states and local governments. The Presidency, through the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Sunday dismissed Makinde’s claim that each state was entitled to N250bn in NLNG dividends, which he alleged would not be paid until after the 2027 general elections. […]