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Business & Economy

Tax Reform Bills Scales Second Reading in Senate

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The much contentious Tax Reform Bills , have been passed for second reading by the Senate in plenary on Thursday .

The passage of the Reform Bills  totalling four , for second reading by the Senate , was sequel to presentations made to that effect by the Senate Leader , Senator Opeyemi Bamidele ( APC Ekiti Central ) , in general lead debate on them .

After lead debate presentations on the bills by the Senate Leader , many of the Senators who made contributions on the bills like Senators Sani Musa ( APC Niger East), Seriake Dickson ( PDP Bayelsa West ) , Abba Moro ( PDP Benue South) and Senate Whip , Tahir Monguno ( APC Borno North ) , fully supported the bill .

But Senator Ali Ndume ( APC Borno South ) , kicked against the reform bills on the grounds of timing and lack of wider consultations .

The Senate at the session presided over by its President , Godswill Akpabio , accordingly passed the bills for second reading through voice votes .

It therefore mandated its committee on Finance , to organise Public hearing on the bill for inputs from those against the bills like the Governors’s forum , National Economic Council ( NEC ) , Northern Elders ‘ Forum ( NEF ) etc and report back within six weeks .

Details later .

Business & Economy

Bayelsa Assembly Hopeful Unveils Blueprint On Human CapitL development

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By David Owei,Bayelsa
Standard bearer of the Peoples Democratic Party (PDP) for Ogbia Constituency one in the 2027 elections into the Bayelsa State House of Assembly, Hon. Whoknows Azibola Odoko has said he would focus on human capital development, amongst others if he is elected into the State legislature.

Odoko stated this during a chat with Journalists in Yenagoa, the state capital yesterday.

Our source gathered that ex-President Jonathan is also a constituent of the Ogbia constituency one.

He said the era of voting for candidates who abandon constituents upon their elections was over, noting that there was nothing better than empowering and building constituents so that they can eke out a living for themselves.

The assembly hopeful averred that if elected, he would amongst other empowerment programmes roll out an educational support scheme for the training and retraining of his constituents.

He also pledged to facilitate the provision of jobs for constituents who have the requisite skills and credentials for employment, saying that under his stewardship as a lawmaker the constituency will heave a sigh of relief.

Speaking on the crisis rocking the PDP, the party’s candidate noted that all the major political parties in the country have their own share of problems, emphasizing that the Peoples Democratic Party would emerge stronger and more united on or before the 2027 polls.

He said: I’ll win the election. My popularity cut across party lines in the constituency and beyond. My teaming supporters are ready and willing to convert the goodwill I enjoy from across the constituency into votes for me come 2027.

“Upon my election I’ll institute an aggressive empowerment scheme in education, jobs creation and employment generation for my constituents.

“The era of electing candidates who don’t have anything to offer to the constituency is over”.

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Business & Economy

Senate approves N2.285trn FCT 2026 Budget ……Allocates 76% to capital projects

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By George Mgbeleke

The Senate on Thursday passed the 2026 Statutory Appropriation Bill for the Federal Capital Territory, (FCT) approving a total expenditure of N2.285 trillion for the administration and development of Abuja.

The approval was sequel to the presentation of the harmonised report of the Senate and House of Representatives Committees on the FCT during plenary.

Vice Chairman of the Senate Committee on FCT, Senator Austin Akobundu, presented the report on behalf of Committee Chairman, Ibrahim Bomai.

According to Akobundu, the budget is based on a projected revenue estimate of N2.385 trillion as it allocates N165.7 billion to personnel costs, N378.2 billion to overhead expenditure, and N1.741 trillion to capital projects across the territory.

He said 76.19 per cent of the total allocation is devoted to capital expenditure, while recurrent expenditure accounts for 23.8 per cent.

The appropriation, he added, complied with constitutional provisions and followed extensive consultations between the joint committees and officials of the Federal Capital Territory Administration.

“The committees met with the minister and other relevant officials of the FCTA and deliberated extensively on the subject matter,” Akobundu said.

Lawmakers described the budget as balanced and development‑oriented, with potential to accelerate infrastructure growth and improve security in Abuja and its satellite communities.

Deputy Senate President Barau Jibrin commended the proposal, calling it “top notch” and reflective of a strong commitment to infrastructural transformation in the FCT.

“Mr President, the budget is top notch. You know, I am the only one in the history of the legislature in this country that had the opportunity to serve as chairman of the appropriation committee in the House and in the Senate. So when I see a good budget I know it’s a good budget.

“A budget that has a total of N2.2 trillion and out of this, N1.7 trillion is going for capital shows his willingness and determination to continue to position FCT to the admiration of all,” he said.

Also contributing, Senator Abdul Ningi also described the budget as well‑packaged and balanced, noting that it addressed observations raised by the Senate Committee on the FCT during earlier budget reviews.

In his remarks, the Senate President Godswill Akpabio commended the committee for a job well done and urged the FCT Minister, Nyesom Wike not to relent in the development of the Territory.

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Business & Economy

NNPC SCANDAL: HURIWA Blasts EFCC, ICPC, NASS, Presidency Over “CRIMINAL SILENCE” …….AS “Billions Vanish Without Accountability”

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By George Mgbeleke

The Human Rights Writers Association of Nigeria (HURIWA) has expressed outrage, anger, and deep national embarrassment over the staggering failure of Nigeria’s anti-graft institutions and political leadership to act decisively on the monumental waste and alleged corruption surrounding the Nigerian National Petroleum Company Limited.

It is a massive national shame that despite over $2.4 billion reportedly sunk into the so-called Turnaround Maintenance of the Port Harcourt and Warri refineries, there is little to no tangible result to justify such colossal expenditure. Yet, those responsible walk free, uninvestigated, and unprosecuted.

In a statement signed by HURIWA’s National Coordinator Comrade Emmanuel Nnadozie Onwubiko, the group unequivocally condemned what it describes as the disgraceful inertia of the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC), which have failed woefully in their statutory duties to arrest, investigate, and prosecute those indicted in this apparent economic sabotage.

“Why are the officials responsible for this monumental waste not in jail?” HURIWA demands.

“What exactly are the EFCC and ICPC waiting for? Must Nigerians continue to tolerate impunity of this scale?”

Even more disturbing, HURIWA accuses the National Assembly of Nigeria of turning what should be a serious probe into a political charade designed to generate campaign slush funds rather than deliver justice.

“Otherwise, how do we explain the endless hearings without consequences? Why has no single high-profile conviction emerged from these investigations?” the group queried.

HURIWA did not spare the Presidency, holding Bola Ahmed Tinubu accountable for what it described as a “deafening silence and unacceptable inaction” in the face of what it called one of the most brazen financial scandals in Nigeria’s recent history.

“This administration cannot continue to look the other way while public wealth is looted in broad daylight. The President must act—decisively and immediately—or risk being seen as complicit,” the statement added.

The association warned that history would deliver a harsh verdict on all institutions and individuals who have failed to act.
“Posterity will judge this National Assembly harshly for what appears to be a dangerous connivance with corrupt elements within the NNPC to drain public resources meant for national development,” HURIWA declared.

HURIWA further described the latest move by the Nigerian National Petroleum Company Limited to enter yet another agreement with foreign partners as “a suspicious recycling of failed strategies,” insisting that without accountability, no reform can succeed.

The group, however, commended prominent industrialist Aliko Dangote for what it described as his courage in consistently speaking out against systemic corruption in the oil sector.
“At a time when many have chosen silence, Dangote has shown uncommon patriotism by drawing national attention to the rot in the system. His voice reflects the frustration of millions of Nigerians,” HURIWA noted.

HURIWA therefore demands:

Immediate arrest and prosecution of all officials linked to the failed refinery rehabilitation projects;

A transparent forensic audit of all funds spent on refinery maintenance;

Public disclosure of all contracts, contractors, and payment structures;

Immediate overhaul of anti-corruption agencies for failure to act;

An end to what it termed “legislative theatrics” in place of real accountability.

“Nigeria cannot continue like this. This culture of impunity must end. The looting of public wealth must stop. The time for action is now,” the statement concluded.

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