NLC Calls on the World Bank and IMF to Cease Lending to the Nigerian Government, Calling its Leaders "Unaccountable."

The Nigeria Labour Congress (NLC) recently addressed the International Monetary Fund (IMF) and the World Bank (WB) in Washington, D.C., urging them to cease lending to governments that lack accountability to their citizens. The NLC asserted that such financial assistance exacerbates governance crises and drives nations deeper into debt and underdevelopment. Joe Ajaero, the President of the NLC, articulated these concerns, highlighting how the economic strategies proposed by these global financial institutions have consistently intensified poverty and hindered Nigeria's progress. Speaking at the 2025 high-level meeting of the global labour movement, the IMF, and the WB at the World Bank office, Ajaero appealed to the Bretton Woods institutions to refrain from enforcing blanket austerity measures. Instead, he called for support in developing progressive tax policies that safeguard the interests of the poor and vulnerable populations. In his presentation titled “Progressive Taxation and Fiscal Consolidation,” Ajaero emphasized, “We represent the marginalized voices of those who should benefit from taxation but are, in many instances, adversely affected by it.” He further stated, “Progressive taxation and fiscal consolidation transcend mere economic considerations; they embody a moral obligation and a fundamental issue of social justice.” Ajaero criticized the prevailing global economic framework, heavily influenced by the IMF and World Bank, for perpetuating inequality rather than alleviating it. He noted that in numerous developing countries, including Nigeria, tax systems are regressive, imposing an unfair burden on the impoverished while enabling the affluent and multinational corporations to avoid their equitable contributions. He concluded that this situation is not coincidental but rather a systemic failure that necessitates immediate rectification. For decades, the IMF and World Bank have advocated austerity measures and structural adjustment programs that prioritize debt repayment over human development. These policies have diminished public services, undermined labor rights, and exacerbated poverty. However, we must inquire: Why do these institutions persist in lending to extravagant and authoritarian governments that lack accountability to their citizens? Is this a calculated strategy to further entrench nations like Nigeria in a cycle of debt and underdevelopment? The fiscal difficulties faced by developing countries, stemming from debt pressures and the prescriptions of the IMF and World Bank, have forced them to explore ways to maintain fiscal stability. Consequently, various taxes are levied on workers and the impoverished, who have no means to evade such financial burdens. In its proposed tax legislation, Nigeria intends to impose taxes on individuals earning merely N800,000 annually, equivalent to approximately $500. This proposal exemplifies a regressive tax system. Lending to governments that neglect the welfare of their citizens cannot be considered development; rather, it constitutes exploitation. Such practices perpetuate corruption, exacerbate inequality, and weaken democratic structures. The burden of these policies falls disproportionately on the workers and citizens of these nations, while the elite and their foreign partners reap the benefits. The IMF and World Bank must devise strategies to cease compromising the future of these nations through continued lending to such regimes. We urge the IMF and World Bank to reassess their methodologies. Rather than enforcing sweeping austerity measures, these institutions should assist developing nations in formulating progressive tax policies that safeguard the interests of the poor and vulnerable. Therefore, the IMF and World Bank should advocate for inclusive tax systems. This entails that the design and implementation of tax frameworks must involve the participation of essential national stakeholders, particularly workers, who represent the majority of taxpayers in developing economies. The classification of a tax as regressive or progressive is determined at the initial stages of its development. Any group excluded from this process risks becoming marginalized. The recently proposed tax legislation in Nigeria lacks inclusivity; despite widespread calls for the inclusion of workers during the establishment of the tax committee, the government has opted to exclude their representation, resulting in significant delays in the law's enactment. The International Monetary Fund (IMF) and the World Bank (WB) must advocate for the involvement of all essential stakeholders throughout the entire process, from the initial concept to the implementation of tax systems. Prioritizing social dialogue is crucial in this regard. The IMF and WB should focus on taxing wealth rather than poverty. This entails imposing higher taxes on luxury items, capital gains, and the earnings of the extremely wealthy. Tax justice is fundamentally linked to social justice and global sustainability. Consequently, the IMF and WB should lead efforts to create a fair and equitable world. It is contradictory to promote progressive taxation while simultaneously increasing taxes on basic necessities such as food, energy, electricity, telecommunications, and the informal sector, all under the pretext of formalizing the informal economy. Furthermore, the IMF and WB should address tax loopholes to ensure that multinational corporations contribute their fair share of taxes in the countries where they operate. These organizations should also allocate tax revenues to enhance social protection, funding education, healthcare, and social safety nets that support the most vulnerable populations. Fiscal consolidation should not come at the expense of the impoverished; it must be founded on principles of equity and justice. The IMF and World Bank bear a moral responsibility to ensure that their policies do not worsen inequality or infringe upon the sovereignty of nations. The focus of policy initiatives should be on the reduction of social inequality rather than solely on social mobility. The International Monetary Fund (IMF) and the World Bank (WB) ought to endorse and support the United Nations Convention on Tax, which was proposed in late 2022. This initiative aims to address the taxation of digital companies' profits generated in jurisdictions different from their physical locations and to ensure that all nations participate in the establishment of global tax frameworks. I call upon these institutions to cease lending to governments that lack accountability to their citizens. Such financial assistance exacerbates governance crises and drives countries deeper into debt and underdevelopment. Instead, the IMF and World Bank should emphasize transparency, accountability, and the safeguarding of workers' rights. Sustainable development cannot be achieved through debt traps and regressive tax measures. The solution lies in empowering nations to create fair tax systems that benefit the majority rather than a privileged few. The moment for transformation is upon us.

Why Isah, Host of Brekete Radio, was Called by the Nigerian Senate

The Nigerian Senate has extended an invitation to Ahmed Isah, the renowned host of the Brekete Family, a human rights-focused radio and television program, to appear before it following a recent episode that featured Senator Natasha Akpoti-Uduaghan and Senate President Godswill Akpabio. Isah, popularly referred to as the “Ordinary President,” announced the invitation during his live broadcast on Monday, February 24, 2025. He is scheduled to appear before the Senate by February 27. The Controversial Broadcast This summons arises from a recent segment of Brekete Family, in which Isah moderated a live discussion between Senator Natasha Akpoti-Uduaghan and Senate President Godswill Akpabio. While Akpoti-Uduaghan participated and voiced her concerns regarding the Senate leadership, Akpabio did not respond to several calls made during the show. During the broadcast, Akpoti-Uduaghan accused the Senate leadership of targeting her, particularly regarding the unauthorized change of her seat within the Senate chamber. She further criticized Akpabio for what she characterized as his authoritarian approach and lack of respect for dissenting opinions. Senator Sani's Response In related news, former Kaduna Central Senator Shehu Sani has expressed his disapproval of the Nigerian Senate’s decision to summon Isah. Sani labeled the summons as “unnecessary and demeaning.” In a statement on his official X account, Shehu Sani remarked, “The invitation extended to Ahmed Isah, the CEO of Brekete Radio, by the Senate is both unnecessary and demeaning.” Sani, a prominent advocate for human rights and good governance, contended that the Senate’s actions might be interpreted as an effort to intimidate media figures who facilitate public dialogue. About Brekete Family Brekete Family Radio stands out as a significant Nigerian radio and television program, serving as a source of hope for numerous everyday citizens. Established and hosted by Ahmad Isah, commonly referred to as the “Ordinary President,” the program is dedicated to tackling human rights violations, social injustices, and public concerns. Located in Abuja, the initiative operates under the slogan “Voice of the Voiceless,” which encapsulates its goal of empowering underrepresented individuals and communities. Through its live broadcasts, Brekete Family Radio offers a venue for Nigerians to voice their challenges and seek solutions for a variety of issues, including police misconduct, unpaid wages, and domestic conflicts. Isah, often called the “Ordinary President,” is recognized for his direct involvement in cases, utilizing his platform to urge authorities and institutions to respond to the needs of those who file complaints.

As the Court Rules on Wednesday, Emefiele Requests that the Judge Recuse Himself From the Trial.

A Special Offences Court located in Ikeja, Lagos, has postponed its decision until Wednesday, February 26, regarding the continuation of the case involving former Central Bank Governor Godwin Emefiele. Justice Rahman Oshodi made the adjournment for a ruling following a request from Emefiele’s Counsel, Senior Advocate of Nigeria, Olalekan Ojo, who urged the judge to withdraw from the trial due to perceived bias. Similarly, another Senior Advocate of Nigeria, Kazeem Gbadamosi, who represents Emefiele’s co-defendant, Henry Omoile, also requested the judge's recusal. Emefiele faces a 19-count indictment related to allegations of receiving bribes and corrupt demands brought against him by the Economic and Financial Crimes Commission (EFCC). His co-defendant, Omoile, is charged with three counts concerning the unlawful acceptance of gifts by agents. During the proceedings on Monday, the EFCC's Lead Counsel, Senior Advocate of Nigeria, Rotimi Oyedepo, concluded the examination-in-chief of Adetola John, a former personal assistant to the CBN governor. While guiding the witness through his testimony, Oyedepo reminded him of his previous statements made in November 2024, in which he claimed to have received $400,000 in cash from John Ayoh, a former director of the ICT Department, and subsequently delivered it to Emefiele in his office. At that time, the witness, Adetola, also indicated that he managed the office correspondence and visitors for the former CBN governor in Lagos, while Eric Odoh, the personal assistant to the CBN governor in Abuja, handled similar duties in the FCT office. After refreshing the witness's memory regarding this testimony, Oyedepo sought to confirm a WhatsApp message from Eric Odoh, which had been printed from the witness's phone by EFCC investigators. The defense team objected to this line of questioning, arguing that the document was intended solely for identification purposes and was not an exhibit before the court. They further contended that the witness was unable to read or comment on the document. Justice Oshodi dismissed the objections raised by the defence team and permitted the witness to refer to the document designated for identification. The judge referenced Section 224 of the Evidence Act, which allows for leading questions related to introductory facts or matters that are not in dispute. Following this decision, the lead defence counsel, Ojo, expressed his discontent with the ruling. Instead of initiating their cross-examination of the witness, the defence team collectively requested the court to recuse itself, citing allegations of bias. Mr. Ojo contended that the judge's ruling implied that the witness had already established that the $400,000 received by Mr. Adetola was indeed delivered. Ojo further argued that this premature determination hindered the defence's ability to conduct a fair cross-examination of the witness. He urged Justice Oshodi to withdraw from any further proceedings in the case. In response, the EFCC counsel, Oyedepo, opposed the defence's request. Oyedepo stated, "Throughout these proceedings, your lordship has ruled against the prosecution on numerous occasions, and if the defence is dissatisfied with the court's ruling, they have the option to appeal. "I fail to understand the defence's rationale for requesting this court to recuse itself, as there is no substantiated evidence of bias in this case. "This appears to be a tactic to delay proceedings, and I respectfully urge your lordship to disregard this application, as a reasonable observer would recognize that it is intended to prolong this trial. "The court has previously granted expedited hearings in this matter, and I implore this esteemed court to direct the defence to proceed with the cross-examination of the witness." Justice Oshodi scheduled an adjournment until February 25 to deliberate on the submissions. Earlier in the proceedings, counsel for Emefiele had informed the judge of an additional application seeking permission for the former CBN governor to appeal the court's ruling issued on January 8, 2025, regarding the assumption of jurisdiction to hear the case.

In Response to El-Rufai's Remarks About the Government's Misguided Policies, the APC Suggests that it May Leave the Party by 2027.

The All Progressives Congress (APC) has expressed disapproval of former Kaduna State governor, Nasir El-Rufai, for his allegations against President Bola Tinubu regarding the lack of suitable personnel to execute the government's policies. El-Rufai further asserted that certain reforms introduced by President Tinubu were misguided. Dr. Ijeoma Arodiogbu, the APC National Vice Chairman for the South East, denounced El-Rufai’s comments made during a Monday night interview on Arise TV, labeling them as “pathetic.” He suggested that El-Rufai’s statements were motivated by personal grievances and unmet expectations from the administration, remarking, “El-Rufai is a resentful individual. His personal ambitions and selfish desires were not satisfied, which likely accounts for his bitterness. This may clarify his assertion that the party abandoned him—he did not leave the party.” El-Rufai had previously alluded to the possibility of departing from the APC, claiming that the party had strayed from its foundational principles and values. He remarked, “I did not state that I am leaving the APC; rather, I indicated that the APC has left me. We established this party based on certain values, but now I find myself at a standstill. The APC remains, but I am here.” He conveyed his disillusionment with the current condition of the party, indicating that he might explore alternative platforms to advance his progressive ideals if the APC fails to revert to its original principles. Nevertheless, he did not dismiss the possibility of returning to the party should it realign with its foundational values. He clarified, however, that he does not intend to join the Peoples Democratic Party if he were to leave the APC. “It should be understood that my affiliation with the APC does not preclude me from visiting a friend who is a member of the PDP or SDP. Therefore, whenever I meet with someone outside the APC, there are speculations that I am contemplating leaving the party.” “Indeed, approximately two months ago, an individual in Kaduna claimed on his Facebook page that I had obtained a PDP membership card in my ward. This was entirely false. I am uncertain where I will find myself if the APC does not return to its foundational principles.” One certainty I can express is that I will never align myself with the PDP. This decision has been firmly established in my mind for quite some time, and my stance remains unchanged. In fact, the situation within the PDP has deteriorated further; I categorically exclude them from consideration. Other political parties may be viable options, provided the APC addresses its internal issues, he stated. El-Rufai also declared his intention to abstain from attending the National Caucus and National Executive Committee meetings of the APC, which are scheduled to commence today. Furthermore, he criticized President Tinubu for not appointing him to a governmental position, despite prior indications suggesting he would be considered. Additionally, he directed his criticism towards National Security Adviser Nuhu Ribadu, alleging that he is undermining his efforts. At the time of this report, the Presidency had not issued a response to El-Rufai’s allegations, aside from the official statement from the APC.

How Nigerians Can Obtain a Work Permit in Finland to Make N2.2 Million a Month

The Finnish Immigration Service has commenced the application process for the Finland Seasonal Work Permit 2025, which offers foreign workers opportunities in sectors such as agriculture, forestry, and tourism. These permits allow migrant workers to obtain employment in Finland later this year, providing temporary job opportunities for a duration of up to nine months within a 12-month timeframe. As reported by TravelBiz, the seasonal work permits are specifically designed for foreign nationals, enabling them to participate in Finland’s labor market while adhering to labor regulations. Prospective applicants are required to secure the appropriate work permit prior to their travel to Finland. Types of Seasonal Work Permits for Finland Application There are two primary categories of seasonal work permits based on the length of employment: Seasonal Work Visa (Up to 3 Months): Applicants from countries that require a visa must apply for a seasonal work visa at a Finnish embassy before their journey. Those hailing from visa-exempt nations can apply for a certificate for seasonal work directly through the Finnish Immigration Service. Residence Permit for Seasonal Work (3 to 9 Months): For employment durations ranging from three to nine months, applicants must obtain a residence permit for seasonal work. This permit must be acquired before entering Finland, and processing times may extend up to 90 days, thus early application is recommended. Key Requirements for a Seasonal Work Permit To be eligible for a seasonal work permit, applicants must fulfill the following conditions: Job Offer and Contract: A signed employment contract from a Finnish employer is essential. Minimum Wage: Seasonal workers are required to earn a minimum of €1,430 (N2.2m) per month, unless a collective agreement stipulates a different wage. Accommodation: Workers must secure housing that complies with Finnish health and safety regulations. Application Process: All applications must be thoroughly completed and submitted with the necessary documentation to prevent delays. Step-by-Step Guide to Applying Secure a Job Offer: Reach out to Finnish employers in the fields of agriculture, forestry, or tourism. Execute a Contract: Secure a legally enforceable employment agreement. Compile Necessary Documents: Assemble vital documents, such as a valid passport, executed contract, and evidence of accommodation. Select the Appropriate Permit: Apply for a seasonal work visa (valid for up to 3 months) or a residence permit for seasonal employment (ranging from 3 to 9 months). Remit Application Fees: Pay the necessary processing fees. Track Application Progress: Monitor the status of your application via the official website of the Finnish Immigration Service.

View the Complete List of Nations that Can Enter the US Without a Visa in 2025.

The United States of America, commonly referred to as the U.S.A, has announced a list of countries eligible for its Visa Waiver Programme for the year 2025. As stated on the website of the US Bureau of Consular Affairs, this programme permits the majority of citizens or nationals from participating nations to visit the United States for tourism or business purposes for a duration of up to 90 days without the necessity of obtaining a visa. On Monday, the agency emphasized the following: "Travelers are required to secure a valid Electronic System for Travel Authorization (ESTA) approval before their journey and must fulfill all outlined requirements. Should you prefer to have a visa in your passport, you are still welcome to apply for a visitor visa." The 2025 Visa Waiver Programme encompasses 40 countries, allowing their citizens to travel to the United States without a visa. See the full list below: 1) Andorra 2) Australia 3) Austria 4) Belgium 5) Chile 6) Czech Republic 7) Croatia 8) Denmark 9) Estonia 10) Finland 11) France 12) Germany 13) Greece 14) Hungary 15) Iceland 16) Ireland 17) Italy 18) Israel 19) Norway 20) Poland 21) Portugal 22) San Marino 23) Singapore 24) Slovakia 25) Japan 26) Slovenia 27) Latvia 28) South Korea 29) Liechtenstein 30) Spain 31) Lithuania 32) Sweden 33) Luxembourg 34) Switzerland 35) Malta 36) Netherlands 37) New Zealand 38) Qatar 39) Romania 40) Monaco

Naira Marley and Three Others are Cleared by the Court of Mohbad's Murder.

The Magistrate Court located in Sabo, Yaba, Lagos State, delivered a verdict on Tuesday, exonerating the well-known musician Abdulazeez Fashola, commonly referred to as Naira Marley, concerning the death of Ilerioluwa Aloba, also known as Mohbad. According to Channels TV, Magistrate Ejiro Kubenje, who conveyed and acted upon the legal guidance provided by the Directorate of Public Prosecution in Lagos, stated that Naira Marley bore no legal responsibility in the matter. In addition to Naira Marley, the court also acquitted music promoter Samson Balogun, known as Sam Larry; Owodunni Ibrahim, referred to as Primeboy; and Mohbad’s former manager, Opere Babatunde. However, the Directorate of Public Prosecution announced its intention to pursue charges against the auxiliary nurse who attended to Mohbad, Feyisayo Ogedengbe, along with one of Mohbad’s acquaintances, Ayobami Sadiq, for engaging in reckless and negligent conduct in violation of Section 251 (e) of the Criminal Law, Ch C.17, Vol.3, Laws of Lagos State, 2015. These individuals will face prosecution in the magistrate court.

How Two Suspected Anambra Legislator Killers Got Away From Police Detention

Two individuals suspected of being involved in the murder of Hon. Justice Azuka, a member of the Anambra State House of Assembly, have reportedly escaped from police custody. According to Trust Base News, the decomposed remains of Azuka, who was reported missing in December 2024, were discovered in February 2025 at the Second Niger Bridge in Anambra State, following the apprehension of several suspects. The spokesperson for the Anambra State Police Command, SP Tochukwu Ikenga, confirmed the escape of the suspects in a statement. He noted that the Commissioner of Police, Ikioye Orutugu, upon receiving the report on February 18, 2025, regarding the escape of the two suspects linked to the murder of the late Hon. Justice Azuka, has mobilized human, operational, and intelligence resources to facilitate their re-arrest. Additionally, he has mandated immediate disciplinary measures against any officers deemed responsible for the incident. Preliminary investigations indicate that, after the confession of a criminal gang, two suspects were assisting police in an operation aimed at apprehending the individual receiving stolen goods and recovering vehicles utilized by the gang in their criminal endeavors. During this operation, the receiver was apprehended, and two vehicles believed to have been stolen from unsuspecting citizens were recovered. However, the other two suspects managed to evade capture. The Commissioner of Police has reassured the public of the command's unwavering commitment to combating criminal activities within the state. Efforts are actively underway to ensure the re-arrest of the suspects and to bring them to justice. Any officers found negligent in this matter will also face appropriate disciplinary actions.

BREAKING: FG Demands that Binance Pay $2 Billion in Taxes and $79 Billion in Economic Damage Fines.

The Nigerian government, represented by the Federal Inland Revenue Service (FIRS), has petitioned the Federal High Court in Abuja to compel Binance Holdings Limited to remit a total of $79,514,055,594.40 and N231 million for alleged economic damages resulting from its operations in Nigeria. Additionally, the government seeks $2,001,000,000 in income tax for the years 2022 and 2023. These financial claims, which were exclusively reported by Nairametrics, encompass a 10% penalty for the failure to pay income tax for the years in question, as well as a 26.75% interest rate—reflecting the current lending rate set by the Central Bank of Nigeria (CBN)—applicable from January 1, 2023, and January 1, 2024, respectively, along with other associated charges. Binance, a cryptocurrency exchange platform, along with its executives Tigran Gambaryan and Nadeem Anjarwalla, is accused in this legal action of violating Nigerian laws by not registering with the FIRS for tax compliance, thereby inflicting economic harm on the nation during the specified timeframe. The lawsuit asserts that Binance intentionally concealed its business operations despite possessing a “significant economic presence” in Nigeria. The cited violations include infringements of Nigeria’s Companies Income Tax (CIT) Act, the Federal Inland Revenue Service (Establishment) Act of 2007, the CBN Regulatory Framework for Mobile Money Services, and the CIT Significant Economic Presence (SEP) Order. The SEP Order, mentioned in the lawsuit, outlines the conditions under which foreign and non-resident companies providing digital services become subject to taxation in Nigeria. According to the order, a foreign entity is deemed to have a significant economic presence in Nigeria if it generates an annual gross turnover of at least N25 million or its equivalent in other currencies from digital activities, among other stipulations. The SEP Order was enacted by the former Minister of Finance, Budget, and National Planning, Mrs. Zainab Shamsuna Ahmed, and was officially published by the federal government in May 2020. This lawsuit, as reported, represents the third ongoing legal action initiated by federal government agencies against Binance's cryptocurrency operations, which have garnered significant usage among Nigerians. In an affidavit submitted by Jimada Mohammed Yusuf, a member of the Special Investigation Team from the Office of the National Security Adviser, it was revealed that Binance has been conducting business in Nigeria for over six years without proper registration. This investigation was carried out in collaboration with officials from the Federal Inland Revenue Service (FIRS) and other regulatory bodies. Yusuf stated that this information was reportedly corroborated by Gambaryan and Anjarwalla during a meeting with the Securities and Exchange Commission (SEC) in 2024. Additionally, he noted that in a letter dated February 20, 2024, Binance acknowledged having 386,256 active users from Nigeria on its platform, with a trading volume of $21.6 billion and a net revenue of $35.4 million for the year 2023. The affidavit charges Binance and its executives with several violations, including: Providing financial services without the requisite licenses Conducting operations without the necessary permits Non-compliance with the Money Laundering Act Provision of currency speculation services without appropriate authorization The affidavit further indicates that Binance participated in Virtual Asset Service Provider (VASP) operations in Nigeria, offering trading and custodial services to Nigerian users without the necessary registration with the relevant regulatory authorities. Moreover, the official noted that Binance executives allegedly acknowledged that the platform had unlawfully listed and traded the Nigerian Naira until it reportedly removed the currency following an inquiry by the Office of the National Security Adviser. However, subsequent investigations by the NSA revealed that Binance “misrepresented” this assertion, as the Naira remained available on its platform at that time, according to the official. The NSA also asserted that it had repeatedly requested Binance to provide records of its business operations over a span of six years, but the company allegedly failed to comply. “The defendants have either refused or neglected to provide the complete information to date (as of the filing of the pending suit in September 2024), despite a directive from the Federal High Court requiring them to disclose such information to the FIRS through the Economic and Financial Crimes Commission (EFCC),” Yusuf stated. Yusuf informed the court that the FIRS also has another ongoing case against Binance concerning tax evasion. Alleged financial liability of Binance The affidavit states that following Binance’s purported violations, the Central Bank of Nigeria (CBN) conducted an analysis through its Research Department in May 2024 to evaluate the financial repercussions of Binance’s activities. According to the report, Binance’s operations resulted in estimated economic losses to the Federal Government of Nigeria totaling $7,951,405,405,559.44 over a six-month period (early 2024). Yusuf asserted that, due to the violations committed by the defendants in Nigeria related to foreign exchange and other trading activities, Binance and its executives are accountable to the Federal Government for a total of $79,514,055,594.40 (Seventy-nine billion, five hundred and fourteen million, fifty-five thousand, five hundred and ninety-four dollars, forty cents) and N231 million, representing economic damages resulting from their operations in Nigeria. Furthermore, he indicated that the Federal Inland Revenue Service (FIRS) has evaluated Binance's income tax obligations for the past two years and has formally issued a demand notice to the company. Nevertheless, the affidavit alleges that Binance has failed to fulfill these payment obligations, prompting the current legal action. The FIRS, represented by its lead counsel, Kanu Agabi (SAN), is pursuing the following reliefs against Binance and its executives: A declaration affirming that the defendants are obligated to remit annual corporate income tax to Nigeria due to their substantial economic presence in the nation. A declaration confirming that Binance and its executives, Tigran Gambaryan and Nadeem Anjarwalla, are required to submit income tax returns for the years 2022 and 2023. A declaration stating that the defendants are subject to the FIRS’s income tax assessments for 2022 and 2023, owing to their failure to file self-assessment returns within the designated timeframe. An order mandating Binance to remit $2,001,000,000 in overdue income taxes for the years 2022 and 2023. An order imposing an additional penalty of 10% per annum on the unpaid taxes for the years 2022 and 2023. An order requiring Binance to pay interest at a rate of 26.75%, based on the current Central Bank of Nigeria lending rate per annum, from January 1, 2023, and January 1, 2024, respectively, until full payment is completed. An order compelling Binance to pay $79,514,055,594.40 and N231 million to the Federal Government for economic losses incurred as a result of its operations in Nigeria. This ongoing lawsuit, designated FHC/ABJ/CS/1444/2024, was presented before Justice Inyang Ekwo of the Federal High Court in Abuja on February 11, 2025. The legal representatives of Binance and its executives were not present during the proceedings. Agabi informed the court that efforts to serve Binance directly had not been successful, prompting him to file a motion for substituted service on February 7, 2025. Substituted service is a legal mechanism that permits the delivery of court documents through alternative methods when personal service is not feasible. Justice Ekwo approved the request, mandating that the substituted service be executed within a seven-day timeframe. The case was subsequently postponed to March 3, 2025. Additionally, it has been reported that Binance is facing distinct allegations of tax evasion, money laundering, and violations of foreign exchange regulations before Justice Emeka Nwite, in a case initiated by the FIRS and the EFCC. Binance has refuted all allegations. As these legal proceedings progress, the courts will be closely monitored to ascertain the outcome of the federal government's charges against Binance. In the meantime, several other nations, including the United States, have also levied fines against Binance for regulatory breaches.

After Hiding, Singer Portable Turns Himself in to the Police.

Controversial artist Habeeb Okikiola, widely recognized as Portable, has surrendered to the State Criminal Investigation Department located at Eleweran in Abeokuta, under the jurisdiction of the Ogun State Police Command, after a period of evasion. According to reports from Trust Base News, Portable was declared wanted for allegedly orchestrating an attack on government officials by a group of thugs. In a statement issued on Wednesday, the Ogun State Police Public Relations Officer, Omolola Odutola, announced his arrival, stating: “We wish to inform the public that Habeeb Okikiola, also known as Portable, arrived at the State Criminal Investigation Department, Eleweran, Abeokuta, at precisely 13:23 hours today, February 19, 2025. “His visit to the State Criminal Investigation Department is related to an ongoing investigation. The Command assures the public that due process will be adhered to in the handling of this case, and updates will be provided as necessary. “We encourage the public to remain calm and refrain from disseminating unverified information. The Ogun State Police Command is dedicated to upholding justice and ensuring public order.”

How a Locally Owned Gun Store Exploded in Zamfara Market, Killing and Injuring Numerous People

Two individuals have lost their lives due to an explosion involving gunpowder at the Talata-Mafara Market in Zamfara State. The event, which took place on Tuesday, instigated significant panic as both vendors and customers rushed to find safety in the crowded marketplace. An eyewitness reported to Channels Television that the explosion was traced back to a shop that specialized in the production of locally made firearms. Yahaya Yari, the Chairman of Talata-Mafara Local Government, confirmed the occurrence during a telephone interview with Channels Television on Wednesday. He mentioned that those injured have been transported to Usman Danfodio University Teaching Hospital in Sokoto for necessary medical care. “I received a distress call this afternoon regarding this unfortunate incident; 44 individuals sustained injuries and have been sent to Usman Danfodio Teaching Hospital, Sokoto for treatment, and fortunately, no lives were lost,” Yari remarked. Zamfara State has seen improvements in security as military forces have intensified their efforts against banditry and kidnappings. The prevalence of locally manufactured firearms, commonly utilized by vigilante groups, has raised significant concerns regarding safety and regulation. The council chairman announced a complete prohibition on the sale of locally made firearms within the market. Yari indicated that he has directed the Divisional Police Officer (DPO) of Talata-Mafara to implement this ban without delay. “This is not the first occurrence; similar incidents have happened twice prior to today. I have declared a ban on the sale of locally made guns in the market by local blacksmiths, as we cannot continue to endure such tragedies. “I have instructed the DPO of Mafara to enforce this ban immediately. Anyone wishing to sell such items should do so from their residence, rather than in an open market, thereby endangering the lives of innocent individuals,” the council chairman asserted.

CPS Refutes a Report Claiming that Mojisola Meranda has Resigned as Lagos Speaker.

The Speaker of the Lagos State House of Assembly, Mojisola Meranda, has refuted claims that she has stepped down from her position. Segun Ajiboye, her Chief Press Secretary, dismissed the speculation on Wednesday. “I am currently in the office. The speaker is also present. I am uncertain about the origin of this information,” Ajiboye stated in a conversation with PUNCH Online. An online article published on Wednesday alleged that the Speaker had resigned. Additionally, a circular purportedly issued by Meranda on February 17, 2025, has been circulating for two days, asserting her resignation. However, investigations into the document shared on social media revealed that it bore no signature. The Lagos Assembly has been experiencing a leadership crisis since the former Speaker, Mudashiru, was ousted by a majority of the lawmakers in the House.

How Iran Executed 975 People in 2024: According to a Report

Human rights advocates reported on Thursday that the Iranian government executed a minimum of 975 individuals in 2024, marking a "horrifying escalation in the use of the death penalty." This figure represents a 17 percent increase from the 834 executions documented in 2023, as stated in an annual report by the Oslo-based organization Iran Human Rights and the France-based Together Against the Death Penalty. This number is the highest recorded since the inception of IHRNGO’s annual reports in 2008 and is significantly above the average for that period. Javaid Rehman, a former United Nations special rapporteur on human rights in Iran, remarked, “The death penalty is weaponized and instrumentalized against vulnerable and weak individuals, typically from marginalized communities.” In 2024, the majority of executions—503, or 52 percent—were for drug-related offenses, according to the organizations. Murder charges constituted 43 percent of the death penalty cases in the nation. Executions for the contentious charges of “waging war against God,” “corruption on Earth,” and “armed rebellion,” as per Islamic legal interpretation, accounted for 3 percent, while 2 percent were for rape and sexual assault. The report indicated a “sharp rise” in the number of executions recorded following the presidential election and the appointment of Masoud Pezeshkian as president of Iran in the latter half of 2024. “While global attention was directed towards escalating tensions between Iran and Israel, the Islamic Republic took advantage of the lack of international oversight to terrorize its own populace. Mahmood Amiry Moghaddam, director of IHRNGO, stated, “They are conducting 5 to 6 executions every single day.”

Trump's Attempt to Reinstate the Birthright Citizenship Ban is Denied by the Court, and he Loses.

An appellate court affirmed a ruling on Wednesday that prevents President Donald Trump from terminating birthright citizenship for children born in the United States to parents who are undocumented immigrants. The Justice Department submitted an emergency request aimed at facilitating Trump's executive order, which has faced obstacles from lower district court judges since its announcement in January. This executive order seeks to reinterpret the 14th Amendment of the United States Constitution, which states that any individual born on American soil is granted citizenship. Among Trump's most contentious executive actions, the order asserts that this right does not extend to the offspring of individuals who are not permanent residents or citizens. A panel of three judges from the 9th Circuit Court of Appeals, appointed by Trump and former presidents Jimmy Carter and George W. Bush, denied the request. Judge Danielle Forrest, who was appointed by Trump in 2019, remarked in the ruling that the government had not demonstrated a need for immediate relief. She noted that the primary justification for the emergency request was the district court's decision, which had "stymied the implementation of an Executive Branch policy… nationwide for almost three weeks." Judge Forrest emphasized that "resolving significant substantive issues on one week’s notice disrupts our standard decision-making process" and that the situation did not necessitate such urgency. Trump's executive order was set to take effect by February 19 but was initially halted by a federal judge in January, with the suspension now extended. The administration has encountered increasing resistance from the judiciary, resulting in approximately a dozen injunctions amid around 40 lawsuits. Additionally, the Trump administration filed its first appeal to the Supreme Court on Sunday in a separate matter concerning the dismissal of the head of a whistleblower protection agency. The Supreme Court, comprising three justices appointed by Trump, is positioned to have a crucial influence in what certain experts indicate may be an impending constitutional crisis, as the president explores the boundaries of his executive authority while the judiciary responds assertively.

The US Ambassador Disputes Allegations that Boko Haram in Nigeria is Difficult for USAID to Finance.

The United States Ambassador to Nigeria, Richard Mills, has refuted allegations that the United States Agency for International Development (USAID) provides financial support to terrorist organizations such as Boko Haram in Nigeria. During a meeting with members of the Nigeria Governors Forum in Abuja on Wednesday evening, Mills stated: “There is unequivocally no evidence to support such claims, and should we ever obtain proof that any program funding is being misappropriated by Boko Haram, we would promptly initiate an investigation in collaboration with our Nigerian partners. “We engage in joint investigations with the Nigerian government. I can assure you that we adhere to stringent policies and procedures to prevent any USAID funding or other US assistance, whether from USAID, the Department of Defense, or the State Department, from being diverted to terrorist entities like Boko Haram. “Thus, regarding Boko Haram, the United States aligns with Nigeria in its commitment to eliminate the threat posed by this organization. “To be unequivocal—there is no ally of Nigeria more resolute in denouncing Boko Haram’s violence and its blatant disregard for human life than the United States. We have classified Boko Haram as a foreign terrorist organization since 2013, which has enabled us to block the group from accessing assets in the US and to apprehend and detain its members.” It is noteworthy that on February 13, US Congressman Scott Perry accused USAID of financing terrorist organizations, including Boko Haram. Perry, a Republican from Pennsylvania, made these assertions during the inaugural hearing of the Subcommittee on Delivering on Government Efficiency.

The session, titled “The War on Waste: Stamping Out the Scourge of Improper Payments and Fraud,” focused on allegations regarding the misappropriation of taxpayer funds. Perry claimed that USAID’s financial operations have directly benefited terrorist groups globally, including Boko Haram, Al-Qaeda, and ISIS. He claimed that the annual budget of USAID, amounting to $697 million and encompassing cash disbursements to Islamic educational institutions (madrasas), might have unintentionally supported extremist training facilities and terrorist organizations. “Who benefits from this funding? Your contributions, totaling $697 million each year, along with the cash transfers to madrasas, ISIS, Al-Qaeda, Boko Haram, ISIS Khorasan, and terrorist training camps. This is what the funding is supporting,” Perry asserted.

How Members of the Air Force Reacted to Police Officers Who Were Accused of Arresting a Suspect in Possession of illegal Drug-s

Personnel from the Nigeria Air Force stationed at Air Force Jeddo in the Okpe Local Government Area of Delta State have reportedly assaulted several police officers on duty. The incident occurred on Tuesday at approximately 5 PM at the Air Force checkpoint, following the arrest of a suspect found with illegal drugs by police officers. As stated by SP Edafe Bright, the spokesperson for the Delta State Police Command, the police officers were transporting a 25-year-old suspect apprehended for drug possession when they were halted at the Air Force checkpoint. The Air Force personnel demanded the release of the suspect, which the police officers firmly opposed. This led to an unprovoked attack on the officers by the Air Force personnel. The statement issued read: ATTACK ON POLICE OFFICERS BY PERSONNEL OF NIGERIA AIR FORCE ATTACHED TO AIR FORCE BASE JEDDO The command acknowledges the troubling incident involving officers from the Quick Response Squad and Air Force personnel at Air Force Base Jeddo in Okpe Local Government Area, where Air Force members, without any provocation, assaulted police officers who were executing their lawful duties. On February 11, 2025, at around 1700 hours, operatives from the Quick Response Squad, while conducting a crime prevention patrol, signaled a Toyota Corolla with registration number AKD-73-FL to stop. Upon noticing the police, the occupants fled, prompting the officers to pursue them. One suspect, identified as Ibohama Precious, aged 25, was apprehended, along with a quantity of substances believed to be Indian hemp, Canadian loud, and other narcotics.

While en route to the station with the suspect and evidence, the policemen encountered an Airforce checkpoint at Jeddo. They were halted by Airforce personnel, who informed them that they could not proceed until the suspects in their custody were released. The policemen strongly opposed this demand, leading to an unprovoked attack by the Airforce personnel on the officers. The Delta State Police Command, under the leadership of CP Olufemi Abaniwonda, maintains a commendable collaborative relationship with the Nigeria Airforce, Navy, Army, and other security agencies in the region. This incident is, therefore, particularly disconcerting. CP Olufemi Abaniwonda and the Airforce authorities are currently investigating this unfortunate event and are implementing measures to prevent a recurrence of such an embarrassing situation. WATCH VIDEO: https://twitter.com/i/status/1889977767661556206

Amidst the Divorce Drama, Singer Tuface Pops the Question to Edo Lawmaker Natasha Osawaru.

In the midst of his ongoing divorce proceedings, musician Innocent Idibia, widely recognized as Tuface (2baba), has made a marriage proposal to Natasha Osawaru, a 31-year-old representative in the Edo State House of Assembly. A video that gained significant attention on Thursday showcased Tuface and Osawaru dancing together. Following their dance, he presented her with a ring, culminating in a heartfelt embrace. This announcement comes merely a day after Tuface publicly acknowledged his romantic involvement with Osawaru, which has generated considerable buzz on social media. This development follows his recent separation from his wife of thirteen years, Annie Idibia, as Tuface has expressed a desire to advance his relationship with Osawaru. Speculation regarding their connection had been mounting after Tuface was spotted at the Edo State Assembly, and a video emerged of the two enjoying themselves at a club in Lagos. In response to the swirling rumors, 2Baba took to Instagram on Tuesday to clarify the situation. In the video, he stated, “I have seen numerous false narratives and malicious claims following my recent post. Yes, I shared what I did. “Hon. Natasha has faced unwarranted criticism and has been unjustly labeled as a homewrecker. “She is an exceptional young woman who is not involved in the issues between Annie and me. “Yes, I love her; she is wonderful, and I wish to marry her.” WATCH VIDEO: https://twitter.com/i/status/1889835379119014391

The Rationale Behind Mandatory Recruitment of First Class Graduates into DSS-DG

The Director-General of the Department of State Services (DSS), Mr. Oluwatosin Ajayi, has advocated for the mandatory recruitment of first-class graduates into the intelligence agency. Ajayi presented this argument during the 2025 Distinguished Personality Lecture at the Centre for Peace and Strategic Studies, University of Ilorin, Kwara State. In his address, titled “The Roles of the DSS in Security, Peacekeeping, and National Integration,” Ajayi highlighted the necessity for a fundamental change in the recruitment and staffing processes within security agencies to ensure that only the most qualified individuals are selected. Speaking on behalf of the DG, DSS Deputy Director Mr. Patrick Ikenweiwe, emphasized that the recruitment of high-achieving academic individuals into the DSS should be established as a national policy, akin to Israel’s selective university admission system. “In Israel, there is a specific examination that students must take to gain university admission. Achieving a score above 70 mandates their enrollment in a university,” he noted. “How can an individual lacking intellect effectively manage security within a criminal organization comprised of highly intelligent individuals? It requires sharp intellect to effectively combat criminal activities.” “Therefore, if it were up to me, and we continue to hope for the right actions to be taken in this country, the academic institutions should provide us with the names of students who have excelled in their respective fields, ensuring they are compelled to serve this great nation,” he stated.

How a 14-year-old Victim of Sex Trafficking in Ogun Engages in Sexual Activity with 12 Guys Every Day

A 14-year-old victim of sex trafficking in the Ifo Local Government Area of Ogun State has disclosed that she was forced to engage with approximately 10 to 12 men each day while residing in the camp. The victim, whose identity is being protected, hails from Akwa Ibom State and was trafficked to Ogun State on January 29, 2024. On Wednesday at around 6:15 am, the Ogun State Amotekun Corps conducted a raid on the sex trafficking camp in Ifo, resulting in the apprehension of 15 suspects, including their leader, identified as Idem Joy. The victims, aged between 12 and 39, were exploited for prostitution at the Railway Line Hotel situated along the Old Bank Road in Ifo. Among the items seized during the operation were N819,600 in cash, various types of drugs, a carton of condoms, energy enhancers, lubricants, and packs of tissue paper, among other items. Brigadier General Alade Adedigba (retd.), the Corps Commandant, stated while presenting the suspects at the command's headquarters in Abeokuta that 14 of the girls were trafficked from Akwa Ibom, with others coming from Cross River and Delta states. Adedigba further revealed that during interrogations, the survivors recounted being forced to take an oath, a harrowing ordeal that involved being stripped and having portions of their hair cut off for supposed ritualistic purposes, intended to intimidate them against fleeing or revealing their situation. In an interview with DAILY POST, the 14-year-old survivor, who dropped out of Junior Secondary School 3, recounted that she was misled about her purpose for coming to the state, believing she would work as a salesgirl. However, upon arrival, she found herself in a life of prostitution. “They did not inform me that this would be my fate; they only said I would be a salesgirl when I arrived. I came with my friend, Glory, but she is employed at a different hotel. “Upon my arrival, I was forced to take certain drugs before starting the work. Idem Joy cut some of my hair, claiming that if I attempted to escape, she would use my hair to harm me. “For some, she took their photographs and for others, their blood,” she shared with sources. When inquired about her earnings, she stated, “At times, I earn N20,000 daily, contingent upon the number of clients. I engage with 10 to 12 men each day, and they compensate me with either N1,000 or N2,000, depending on the situation.” Additionally, a 17-year-old girl, whose name has been withheld, revealed that she was brought to the state on November 7, 2024. She recounted being compelled to take an oath while standing unclothed on a Bible, with the stipulation of working for one year before she could attain her freedom. She expressed, “I did not know the woman prior; I was brought to the state by her sister, Favour. It was only upon our arrival in Ogun State that she disclosed the nature of the work to me. “She cut my hair and made me stand naked on a Bible to take an oath. For some of us, she used cotton wool to clean our private areas to prevent us from escaping. “My clients pay me N5,000, N2,000, and often N1,000. She assured me that if I performed well, I would be free to leave after one year, and she would provide me with a phone and a box of clothes. “Sometimes, I have 10 clients in a day, and after the encounters, I hand over all the money to her. I just want to return home,” she lamented.

BREAKING: Uche Ihediwa, Former Attorney General Chief of Abia, is Reinstated as SAN by LPPC

The title of Senior Advocate of Nigeria (SAN) has been reinstated to Chief Uche C. Ihediwa, a former Attorney General of Abia State. This decision was made by the Legal Practitioners’ Privileges Committee (LPPC) after a comprehensive review of the factors that led to his earlier suspension. It is important to note that during its 163rd General Meeting on July 1, 2024, the LPPC had suspended Ihediwa from utilizing the SAN title while an investigation was conducted regarding a petition filed against him by the Nigerian Bar Association (NBA). In December 2023, the President of the NBA, Senior Advocate of Nigeria Yakubu Maikyau, addressed a letter to the Chief Justice of Nigeria and Chairman of the LPPC, Justice Olukayode Ariwoola, expressing concerns about Ihediwa's conduct, which he deemed inconsistent with the dignity associated with the SAN title. The NBA President specifically referenced an incident at the 2023 International Bar Association Conference in Paris, where Ihediwa allegedly claimed that financial transactions influenced the appointment of judges in Abia State during his tenure as Attorney General. Nevertheless, in a press release dated February 12, 2025, and signed by its secretary, Hajo Sarki Bello, Esq., the LPPC announced that after a meticulous evaluation of all relevant facts, it had decided to reinstate Ihediwa to the SAN rank, effective February 6, 2025. The LPPC stated, "At its 163rd General Meeting held on July 1, 2024, Chief Uche C. Ihediwa (SAN) was suspended from further use of the title of Senior Advocate of Nigeria based on a petition received by the LPPC. "On February 6, 2025, after careful consideration of all pertinent facts, the LPPC resolved to restore Chief Uche C. Ihediwa to the rank of Senior Advocate of Nigeria (SAN). "Accordingly, Chief Uche C. Ihediwa is hereby reinstated to the rank of Senior Advocate of Nigeria, effective February 6, 2025." The statement indicated, "The general public is hereby notified of this decision."

Minister: FG Is Determined to Lower Food Prices Through Agricultural Investments

The Minister of Information and National Orientation, Mohammed Idris, has reiterated the Federal Government's dedication to reducing the cost of food items through significant investments in agricultural production. Idris made this statement in Abuja on Tuesday during a press briefing that marked the commencement of the Ministerial Briefing Session for 2025. He highlighted that while the government will refrain from implementing price controls on food items, in accordance with the principles of a free-market economy, it remains committed to lowering prices by enhancing agricultural output and increasing supply. “In the past, we had commodity boards that fixed prices, but in the spirit of promoting a free market and fostering entrepreneurship, particularly within the agricultural value chain, the government deemed it unnecessary to control prices. Currently, the focus is on ensuring substantial food production, as this is fundamentally a supply and demand issue. When there is an abundance of goods, prices are likely to decrease naturally,” he stated. Regarding achievements in the security sector, Idris reported that in 2024, security forces neutralized over 8,000 terrorists and bandits, apprehended 11,600 individuals, and recovered more than 10,000 weapons. He noted that due to the government's ongoing efforts against terrorism and banditry, the safety of the nation’s highways is improving. “Although there is still considerable work to be done, our highways have become safer. The previously dangerous Abuja-Kaduna highway serves as a prime example. As I mentioned, there is much more to accomplish, and we will persist in our efforts. “Furthermore, approximately 8,000 kidnapping victims were successfully rescued. We will continue to strive to reduce the number of victims while enhancing our success in deterrence, crime-solving, and prosecutions,” he added. The Minister indicated that, following the classification of the Lakurawa armed group as a terrorist organization by a Federal High Court, security forces are now authorized to utilize maximum force against them. Regarding the economy, Idris noted that the reforms implemented by the Federal Government are yielding substantial outcomes across critical sectors, particularly highlighted by the elimination of the fuel subsidy, which has effectively addressed leakages totaling hundreds of billions of Naira each year. He mentioned that the launch of the Electronic Foreign Exchange Matching System (EFEMS) in December 2023 has improved transparency in foreign exchange dealings and has aided in clearing billions of dollars in outstanding transactions, thereby restoring investor confidence in the nation. “Last week, the Naira achieved an eight-month peak in the official market, while foreign capital inflow into the Nigerian Stock Exchange increased from 4% in mid-2023 to an average of 16% by the conclusion of 2024,” he stated. Furthermore, he remarked that in 2024, Nigeria became the most appealing destination for oil and gas investments in Africa, securing over $5 billion in Final Investment Decisions (FIDs). The Minister characterized 2025 as a year of consolidation, aimed at building upon the advancements made during the initial 19 months of the Tinubu administration as it nears its mid-term. “Over the next three months, as we approach the second anniversary of President Bola Ahmed Tinubu’s Administration, we will invite Honorable Ministers to this platform on a weekly basis. “This year, 2025, is designated as a year of consolidation, a time to build on the achievements observed in the first 19 months of the administration. This inaugural edition for 2025 serves as a reminder of these accomplishments and establishes the context in which they are being realized as we move toward the mid-point of this administration,” he concluded. Rabiu Ibrahim Special Assistant (Media) to the Minister of Information and National Orientation.

Canada is Criticized by Ribadu for Refusing to Provide Nigeria's Defense Chief a Visa.

Mr. Nuhu Ribadu, Nigeria’s National Security Adviser, has criticized the Canadian government for refusing visas to General Christopher Musa, the Chief of Defence Staff, along with other senior military personnel. During his address at the inaugural annual lecture of the National Association of the Institute for Security Studies in Abuja on Thursday, Ribadu characterized the visa denial as “disrespectful” and expressed his discontent, asserting that Canada “can go to hell.” His comments came in response to General Musa’s account of being denied entry into Canada, despite an invitation to attend an event honoring war veterans. The refusal of visas prevented the Nigerian military leadership from participating in the event, raising concerns regarding diplomatic relations and the treatment of high-ranking officials. “Every disappointment is a blessing. “Yesterday, I was supposed to be in Canada for an event to honor our veterans—those who have been injured in battle. We received an invitation along with our team, but while half of us were granted visas, the other half faced denial. It is quite disappointing,” Musa remarked. The army chief referred to this incident as a wake-up call for Nigeria to enhance its sovereignty. “This serves as a reminder that we must be self-reliant, stand firm as a nation, and not allow ourselves to be taken for granted,” he stated. Ribadu praised the Chief of Defence Staff for openly addressing the situation, emphasizing that Nigeria should concentrate on fortifying its own capabilities rather than seeking approval from foreign entities. “Thank you for your bravery in stating that Canada denied you visas. They can go to hell,” Ribadu asserted. “Although it is painful and disrespectful, we are peaceful and strong, and I concur with you—it is time to rectify our nation. This incident further underscores the necessity for us to diligently work towards making Nigeria thrive.”

Nigeria's Foreign Reserves Plummet by $1.19 Billion in Just Three Weeks.

Nigeria's foreign reserves have experienced a notable decline, decreasing by $1.19 billion within a mere three weeks under the current APC administration. This information was revealed through data from the Central Bank of Nigeria (CBN), which indicated that the external reserves fell to $39.723 billion as of January 31, 2025, down from $40.877 billion at the close of December 2024. This situation coincides with the Financial Derivatives Company (FDC), led by Bismarck Rewane, projecting a further decline in Nigeria's gross external reserves by 11.47 percent in 2025, estimating it will reach $36.21 billion, and $37.65 billion in 2026, following a peak of $40.9 billion in 2024. FDC analysts also predict that the Dollar/Naira exchange rate will average N1,586 in 2025 and N1,575 in 2026, contrasting with the average exchange rate of N1,615 recorded in 2024. The recent decrease in the nation’s foreign reserves can be linked to several factors, including obligations related to international debt servicing and the CBN's interventions in the foreign exchange market. Reports indicate that President Bola Tinubu’s administration allocated N3.5 trillion for debt servicing between July and September 2024. This information was included in data published by the Debt Management Office (DMO), which also noted that $1.338 billion was designated for external debt servicing during the same timeframe. According to the DMO's report on the country’s total public debt, the exchange rate as of September 2024 was ₦1601 per dollar. This suggests that a total of ₦2.1 trillion (calculated as $1.338 billion multiplied by ₦1601) was expended on external debt servicing from July to September. The country has secured external loans from various sources, including the African Development Bank, the Africa Growing Together Fund, the International Fund for Agricultural Development, and the Islamic Development Fund, among others.

N1600 Toll-gate Fees are Enforced by the Federal Government Along the Abuja-Keffi-Akwanga-Makurdi Highway.

The Federal Government has established toll fees ranging from N500 to N1,600 for vehicles traveling along the Abuja-Keffi-Akwanga-Makurdi Highway. This announcement was made by the Minister of Works, David Umahi, during the inauguration of the Garaku Toll Plaza on Tuesday. The toll rates vary based on the type of vehicle, while certain categories, including security vehicles, diplomatic cars, ambulances, and tricycles, are exempt from these charges. Mr. Umahi was represented by the Minister of State for Works, Bello Goronyo. He noted that the previous administration had entered into a 25-year concession agreement with MS China Harbour Operations and Maintenance Company in 2023, which included tolling provisions. The minister elaborated that the roads were rehabilitated and upgraded through a preferential credit loan from China Exim Bank. It was agreed that a private entity would manage the tolling and maintenance of the road, with the revenue generated being utilized to repay the loan. “The Abuja-Keffi-Akwanga-Makurdi project is the first of nine corridors being concessioned under the Highways Development and Management Initiative (HDMI) Phase 1 to begin operations,” Goronyo stated, as reported by the News Agency of Nigeria. He added, “In the upcoming months, the Federal Government will proceed with the launch and operationalization of the remaining corridors across the six geopolitical zones of the country. “This initiative marks a significant advancement in Nigeria's infrastructure development, enabling the government to address poor road conditions,” he remarked. The minister emphasized that toll collection would provide essential revenue for the maintenance and expansion of President Bola Tinubu's Renewed Hope Road Agenda. He affirmed the Tinubu administration's dedication to establishing a comprehensive and interconnected infrastructure system to foster socio-economic development. The toll fee structure for the Abuja-Keffi-Akwanga-Lafayette-Makurdi Federal Highway has been established as follows: cars will incur a fee of N500; SUVs will be charged N800; minibuses will pay N1000, while multi-axle vehicles, trucks, and buses will face a toll of N1600. Moreover, frequent users of the road, specifically commercial light vehicles as defined by the Federal Highways Act, will benefit from a 50 percent reduction in toll fees. Additionally, authorized vehicles, pedal-powered vehicles, tricycles, motorcycles, and other two or three-wheeled transport modes primarily utilized by economically disadvantaged groups will receive a full exemption from toll charges.

BREAKING: Following an Emergency Meeting, the PDP BOT Acknowledges Hon. Sunday Udeh-Okoye as the National Secretary.

The Board of Trustees of the Peoples Democratic Party convened an emergency meeting on Wednesday, February 5, 2025, in response to the ongoing internal leadership crisis affecting the Party. Following the meeting, the Board of Trustees released a communiqué presented by its Chairman, Senator Adolphus Wabara. The Chairman stated that the emergency meeting thoroughly addressed significant issues within the Party and reached the following resolutions: “The Board of Trustees reaffirms its status as a key organ of the PDP, as outlined in Section 13 (1)(r) of the PDP Constitution (as amended in 2017). “The Board also emphasizes its inherent authority under Section 32 (5)(a) of the PDP Constitution (as amended in 2017), which empowers it to uphold the highest standards of morality in all Party activities by serving as the conscience of the Party, with the authority to reprimand any Party officer whose conduct does not meet established norms. “In exercising its constitutional powers, the Board has received and thoroughly reviewed the report from its committee, led by Barr. Kabiru Tanimu Turaki SAN, regarding the position of the National Secretary of the PDP, particularly in light of the declarative judgment from the High Court of Enugu, which was upheld by the Court of Appeal. “As a result, the Board recognizes Hon. Sunday Udeh-Okoye as the legitimate National Secretary of the PDP, in full compliance with the declaratory judgment of the High Court of Enugu, as upheld by the Court of Appeal, with no conflicting or overriding judgment from any superior court. “The Board instructs the National Working Committee (NWC) to acknowledge and promptly swear in Hon. Sunday Udeh-Okoye as the National Secretary of the PDP, in accordance with the judgment of the Court of Appeal. The Board of Trustees (BoT) calls upon all party organs, key stakeholders, leaders, and members nationwide, as well as all partners and institutions involved in the advancement of democracy, to adhere to the ruling of the Court of Appeal concerning the role of the National Secretary of the PDP. The BoT expresses its appreciation to the PDP Governors’ Forum, the National Working Committee, the South East Executive Committee, and all other party organs for their unwavering commitment to upholding the Constitution and the operational guidelines of the PDP. The BoT conveys its satisfaction with the PDP Governors’ Forum and the National Working Committee (NWC) for their collaborative efforts in designating Thursday, March 13th, 2025, as the date for the highly anticipated National Executive Committee (NEC) meeting of our Party. This meeting is crucial as it serves as a platform for significant discussions that will influence the future of our party and, by extension, the future of Nigeria. The BoT has unanimously expressed a Vote of Confidence in the Chairman of the Board of Trustees, Senator Adolphus Wabara, and the Secretary of the Board of Trustees, Senator Ahmed Makarfi, for their exemplary leadership in guiding the affairs of the BoT and ensuring the stability of the Party. The BoT encourages all party members to maintain unity and collaborate effectively to fortify our party's position and reclaim its rightful leadership role in the country. The Chairman remarked.

ANAMBRA POLL: Vote for Capable Leaders to Take Control of Your Future - Voters are Charged by Ceekay Igara.

The National Vice Chairman of the Labour Party for the South East, Mr. Ceekay Igara, has urged the citizens of Anambra State to take control of their future by making informed decisions regarding their leadership for the next four years through the electoral process. In a press release issued on Wednesday, in anticipation of the forthcoming governorship election in Anambra State, Igara emphasized the importance of voting, encouraging voters to remain at the polling stations to ensure their votes are accurately counted on election day. Additionally, he called upon the Independent National Electoral Commission (INEC) to collaborate with various organizations to facilitate the registration of eligible voters, particularly in marginalized communities, in preparation for the elections scheduled for November 8, 2025. Igara reassured that the Labour Party will conduct its primaries on April 5, selecting candidates who are capable of representing the party and delivering effective governance to the populace. The statement, titled “TIME TO TAKE YOUR FUTURE IN YOUR HANDS,” conveyed the following message: As we approach another election year, it is crucial to make significant decisions that will influence the development of your state. I urge you to actively participate in the electoral process by voting for the candidates and political parties of your choice. The significance of voting cannot be overstated, as it affects both local and national matters. While we advocate for a system that allows online voting to facilitate early registration and make the voting process more accessible, I implore you to come out in large numbers to determine your leadership for the next four years. Furthermore, I encourage the Independent National Electoral Commission (INEC) to swiftly engage with organizations to register eligible voters, particularly in underrepresented areas, to ensure they are prepared for the elections on November 8, 2025. Plan to vote, safeguard your votes, and ensure that you remain until your votes are counted. To all dedicated members of the Labour Party throughout the state, on April 5th, we will determine the candidates who will represent us in the upcoming elections. Once this selection is made, I urge you to fully support them. It is essential to remember that our party stands for the interests of the people; therefore, utilize all available channels to inform the public about the importance of voting. We will actively engage and collaborate with community leaders and influencers to promote voter participation. It is imperative that we address critical issues such as healthcare, education, security, and infrastructure, which are fundamental to the well-being of our constituents. I would also like to encourage the political class to concentrate on campaigns centered around issues rather than inciting division. Anambra is a state for its people; let them decide who their future leaders will be. CEEKAY IGARA National Vice Chairman, South East Labour Party.

Oil Prices Drop Year-Over-Year Due to Market Exit

Oil prices reached their lowest closing level of the year as traders persistently exited the market in the weeks following President Donald Trump’s inauguration. West Texas Intermediate experienced a decline of 2.3%, settling at $71.03 per barrel on Wednesday. This downturn is attributed to Trump's stances on various issues, including military actions in the Middle East and energy tariffs, which have negatively impacted market sentiment. According to JPMorgan Chase & Co. analyst Tracey Allen, the withdrawal of investors from crude and fuel markets resulted in a net outflow of $17 billion during the week ending January 31. “Traders are currently retracting their positions on crude,” stated Joe DeLaura, a former trader and global energy strategist at Rabobank. “We anticipate that crude prices will continue to decline until the next geopolitical event stimulates a price increase.” The decline on Wednesday followed a report indicating that the Trump administration plans to announce strategies to conclude Russia’s conflict with Ukraine by the following week, a development that could mitigate the risk of energy supply disruptions. Additionally, Beijing's measured response to Trump's tariffs has intensified the trade conflict between the two largest economies in the world, further pressuring prices. “Yesterday’s recovery in response to Trump’s ‘maximum pressure’ strategy regarding Iran has proven to be fleeting,” noted Fawad Razaqzada, an analyst at City Index and Forex.com. “The adverse impact of a US-China trade war on demand, coupled with increasing global supplies, is suppressing prices.” While investors generally perceive Trump’s actions as bearish for oil, his positions on the Israel-Gaza conflict and sanctions against Iran may continue to create volatility in the market. On Tuesday, the president issued a directive instructing Treasury Secretary Scott Bessent to implement sanctions and enhance enforcement of existing measures to intensify pressure on Tehran. He also suggested that the US should take control of the Gaza Strip, a proposal that has drawn criticism from Arab nations, including Saudi Arabia, the leader of OPEC+. Oil Prices: WTI for March delivery fell 2.3% to $71.03 a barrel in New York. Brent for April settlement slid 2.1% to $74.61 a barrel.

BREAKING: Former NYSC DG and Others are Abducted by Bandits in Katsina.

A former Director General of the National Youth Service Corps (NYSC), Brigadier General Maharazu Tsiga (retd.), has been abducted by armed assailants in Tsiga village, located in the Bakori Local Government Area of Katsina State. An anonymous informant reported that the assailants invaded Tsiga's home on Wednesday at approximately 11:30 PM, resulting in the shooting of three community members, including the two sons of a neighbor of Tsiga, before taking him and nine others captive. The informant further stated that those injured in the incident are currently receiving care at the Comprehensive Healthcare Centre in the area, although plans are underway to transfer them to the Federal Teaching Hospital in Katsina due to the severity of their injuries. The informant recounted, "During the assault, General Muharazu Ibrahim Tsiga implored the attackers to take whatever they desired, but they refused his plea and proceeded to abduct him along with nine other local residents." When inquired about Tsiga's family, the informant noted, "His family is not present with him. Only a few relatives and his personal security personnel were at the residence during the incident, but the assailants only took him." According to family members, Tsiga has been struggling with an undisclosed illness since his departure from office.

How Almajiri School Children in Zamfara Were Kill-ed by Fire

A tragic incident occurred in the Kaura-Namoda Local Government Area of Zamfara State, where a fire outbreak at an Islamiya school resulted in the deaths of at least 17 Almajiri students. Mannir Haidara, the chairperson of the Kaura-Namoda Local Government, confirmed the occurrence during a telephone interview on Wednesday, stating that further details would be disclosed at a later time. A local resident, Abdulrasaq Bello Kaura, reported that the fire, which ignited on Tuesday night, also left 16 other students injured. He noted that the blaze lasted for approximately three hours. The cause of the fire was attributed to stored sticks, referred to as kara in the Hausa language. Bello explained that the incident took place within a study hall at the Mallam Ghali Tsangaya School, where the presence of corn and millet stalks exacerbated the severity of the flames. “It occurred at Makaranta Mallam Ghali, inside their study hall. There were around 100 students present; after evacuating them, it was believed that no one remained inside,” the source recounted. “It was only upon returning after the fire that they discovered the charred remains of their legs and hands, which were burned beyond recognition.” Bello further mentioned that the 17 deceased students were laid to rest on Wednesday.