Business & Economy
Senate Investigates Alleged Illegal Annexation Of Nigerian Territories By Cameroun
By George Mgbeleke
The Senate, on Tuesday, constituted an Ad-hoc Committee to investigate the alleged annexation of the country’s mangrove islands and maritime territories by the Republic of Cameroun.
The Committee, which was set up after a comprehensive debate on a motion titled, “illegal annexation of Nigerian mangrove islands, waters and its crude oil by the Republic of Cameron”, was also mandated to complete the assignment and submit report within two months.
Leading debate on the motion under Orders 41 and 51 of the Senate Standing Orders, the sponsor, Senator Aniekan Bassey raised the alarm on the economic and territorial implications of Cameroun’s encroachment into Nigerian territory.
The motion was co-soobsored by Senators Ekong Samson Akpan (Akwa Ibom South); Aminu Iya Abbas (Adamawa Central), Jarigbe Agom Jarigbe (Cross River North); Williams Eteng Jonah (Cross River Central) and Ekpenyong Asuquo (Cross River South).
Other Senators who contributed to the debate also underpinned the need for urgent action to prevent further escalation of what they described as a “provocation” by the Republic of Cameroun.
Senator Bassey said that the affected mangrove islands, located in Efiat, Mbo Local Government Area of Akwa Ibom State, were not part of the territories ceded to Cameroun under the 1913 Anglo-German treaties or the International Court of Justice (ICJ) ruling of October 2002.
He lamented that Camerounian security forces, known as the Gendarmes, had imposed foreign laws on Nigerians living in 16 ancestral villages in the affected areas, describing the situation as a “monumental national embarrassment”.
The politician also highlighted that the illegal annexation violated multiple international agreements, with other lawmakers advocating for a review of the ICJ judgment and requested that the matter be reported to the United Nations Convention.
Further worried by the development, the Senate urged President Bola Tinubu to take immediate action to protect Nigeria’s territorial interests, particularly focusing on safeguarding over 2,560 oil wells located within the disputed mangrove islands in Akwa Ibom State.
The Red Chamber also promised to work directly with President Tinubu to explore potential diplomatic solutions to the growing crisis, so that it would not deteriorate further.
Presenting the motion earlier, Senator Bassey said: “I rise with utmost sense of responsibility to move the attention of this Senate to the illegal annexations of Nigerian Mangroves Islands situated at Efiat in Mbo Local Government Area of Akwa Ibom State by the Republic of Cameroun. This is noting that the islands in focus were not part of the territories ceded to the Government of Cameroun by the 1913 Anglo-German treaties and the International Court of Justice’s decision of October, 2002.
“As such, the encroachment into these territories is not only illegal but has led to huge economic loss of more than 2,560 oil wells and gas revenues which ought to accrue to Nigeria. Also very pathetically, it is a monumental national embarrassment that foreign laws are imposed by the Cameroun Gendarmes on Nigerians living in the 16 Nigerian ancestral homes and villages’ and in the said mangrove islands. Hence, I am compelled to move this motion in the following terms:
“The Senate: Observes that the Mangrove Islands and waters situated at the geographical location called Effiat in Mbo Local Government Area of Akwa Ibom State marking the terminal end of the Gulf of Guinea down seaward to the Atlantic Ocean coast, is currently under the administrative control of the Republic of Cameroun illegally and contrary to the 1913 Anglo-German Treaties, International Court of Justice’s judgment of October, 2002 and Section 12 (1) (2) (3) of the Nigerian Constitution 1999 (As Amended).
“Aware that these islands and waters are economically important to the region, as it hosts copious fishing routes and approximately over 2,560 oil wells as well as gas revenues that should accrue to the Nigerian Government but which are lost to the Republic of Cameroun as a result of the illegal annexation of the islands by the Republic of Cameroun.
“Concerned that Nigerians living in the said Mangroves Islands comprising about 16 villages and ancestral home in an area recognized and provided for in the Nigerian Constitution 1999 (As Amended) and which was not ceded to Cameroun Republic by the 1913 treaties and the International Court of Justice judgement, being uncomfortable with Cameroun Soldiers in their communities even when no Cameroonian lives in that community took to an open protests (See: Punch Newspaper Saturday March 19, 2016 page 49.”
End.
Business & Economy
Senate approves N2.285trn FCT 2026 Budget ……Allocates 76% to capital projects
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.
Business & Economy
NNPC SCANDAL: HURIWA Blasts EFCC, ICPC, NASS, Presidency Over “CRIMINAL SILENCE” …….AS “Billions Vanish Without Accountability”
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.
Business & Economy
Mrs Tinubu lauches 2026 farming season in Niger state,distributes farming Morden farming equipments across 25 LGAs
By Uthman-Baba Naseer, Minna
The First Lady, Oluremi Tinubu, has officially launched the 2026 farming season in Niger State north Central Nigeria, alongside the distribution of modern farming equipment to farmers across the state’s 25 local government areas.
The event, held at the Bola Ahmed Tinubu International Airport, attracted top government officials, ministers, leaders of the All Progressives Congress, members of the State Executive Council, and key stakeholders in the agricultural sector.
Items distributed include 250 tractors, 50 combine harvesters, 150,000 bags of fertiliser, 1,500 planters, ploughs, boom sprayers, and harrows.
Mrs. Tinubu praised Governor Mohammed Umaru Bago for his strong commitment to agriculture, noting that Niger State has become one of Nigeria’s leading agricultural hubs. She said the governor’s efforts show that agriculture is a reliable path to economic growth, job creation, and long-term sustainability.
According to her, the programme marks a major step from traditional farming to modern, mechanised, and commercial agriculture. She added that the initiative will help farmers increase productivity, improve their income, and contribute more to Nigeria’s economy.
The First Lady also said the initiative supports the Renewed Hope Agenda of President Bola Ahmed Tinubu, which prioritises food availability and affordability. She urged farmers to make good use of the equipment and adopt modern farming methods.
In his remarks, Governor Bago said his administration is investing heavily in agriculture to support farming on 120,000 hectares of land across the state. He explained that the plan will create about 3,000 jobs and produce an estimated 500,000 tons of food each farming season.
The governor said the new equipment and inputs will improve the entire agricultural value chain, not just in Niger State but across the country. He added that his government will expand irrigation systems to allow farming throughout the year and ensure proper arrangements for buying farmers’ produce.
He also called on farmers and stakeholders to work closely with the Niger Food Security and Logistics Limited to achieve food production targets. He appealed to the First Lady to continue supporting the state by attracting more agricultural investments.
The National Chairman of the APC, Nentawe Yilwatda, commended the initiative, saying it will strengthen food security, especially with ongoing national infrastructure projects.
Minister of Information, Mohammed Idris Malagi, described agriculture as vital to Nigeria’s economy and said the federal government is committed to supporting the sector.
Similarly, the Minister of State for Agriculture, Aliyu Sabi Abdullahi, said the government is working with states and stakeholders to ensure Nigeria can feed itself, noting that Niger State is leading due to its large fertile land.
Other speakers, including the Commissioner for Agriculture, Isah Sidi Rijau, and the Secretary to the State Government, Abubakar Usman, said the initiative will modernise farming, boost productivity, and empower farmers.
The Chairman of the State Council of Traditional Rulers, Yahaya Abubakar, represented by the Emir of Agaie, Yusuf Nuhu, described the programme as a major step toward solving food insecurity in the country.
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