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The memo addressed to heads of universities states that, effective November 2023, the government will deduct 40% of IGR deposited in the universities' accounts via the Treasury Single Accounts (TSA). This move has been met with resistance from academic staff, notably the Academic Staff Union of Universities (ASUU), which has a history of engaging in strikes to address issues affecting the education sector.

Critics argue that the proposed deduction could exacerbate existing challenges faced by universities, including the departure of lecturers seeking better opportunities abroad and the overall decline in academic standards. The issue highlights the ongoing struggle for adequate funding in Nigerian universities, as the country's education spending has consistently fallen below UNESCO's recommended benchmarks.

In response to the deduction, ASUU and the Congress of Nigerian University Academics (CONUA) expressed concern, describing the decision as draconian, barbaric, and detrimental to the survival of public universities. There are fears that this deduction may lead to further tuition hikes, impacting students and their families.

This development emphasizes the need for a comprehensive and sustainable approach to funding education in Nigeria. The government, education stakeholders, and university workers must engage in dialogue to find solutions that prioritize the growth and stability of the education sector while addressing the concerns of all parties involved.

The Obafemi Awolowo University in Ile-Ife, Osun State, is mourning the loss of Dr. Ayo Ojediran, a lecturer in the Faculty of Education, who reportedly slumped in his office. Sources on the campus revealed that Ojediran was swiftly taken to the institution’s clinic after collapsing on Tuesday but unfortunately did not survive.

Victor Adesokan, the President of the Faculty of Education Students Association of Nigeria, shared details of the incident during an interview. Adesokan, who considered Ojediran a father figure, mentioned that the lecturer had complained of a headache and appeared extremely weak the night before his passing.

Expressing concerns about the faculty's current academic staff shortage, Adesokan highlighted that Ojediran's death marked the fourth among the faculty's lecturers in the outgoing year. He emphasized the need for additional recruitment to alleviate the workload on existing staff members.

Adesokan stated, “On Monday night, he complained of headache and stress. We told him to rest. They (lecturers) have too much workload on them. The school needs to recruit more lecturers, most especially in the Faculty of Education."

He further urged the government and school management to prioritize the well-being of lecturers and prevent further loss of lives among the academic staff.

The Saudi Arabian Embassy clarified on Wednesday that the visas of 177 Air Peace passengers from Nigeria were canceled upon arrival in Jeddah for violating the country's entry rules. The Federal Government, citing reports from the Nigerian Consulate in Jeddah, stated that Air Peace Flight No. P4-752 transported 264 passengers from Lagos and Kano to Jeddah on November 23, 2023.

Upon arrival at the Hajj terminal, Saudi Immigration authorities informed passengers that their visas were canceled. Subsequently, 177 passengers were returned to Nigeria, while 87 were allowed entry into Jeddah after clearance by immigration.

The Embassy's statement emphasized that the deported Nigerians had provided incorrect information to obtain a visa category that did not apply to them, a discovery made upon their arrival. It clarified that these individuals did not fulfill entry conditions in accordance with the Kingdom's rules and regulations.

The Royal Embassy stressed the importance of adhering to Saudi Arabia's procedures and laws, urging all passengers to review their documents for conformity before departing from their countries. The statement highlighted that this procedure applied not only to Nigerian citizens but also to citizens of other countries.

The Central Bank of Nigeria (CBN) is intensifying efforts to combat currency hoarding and speculation, which are believed to contribute to the depreciation of the naira against major foreign currencies. Speculators and hoarders, identified as undermining government initiatives to stabilize the naira, face increased scrutiny. Recent positive strides in naira appreciation were marred by a subsequent decline, prompting suspicions of artificial market manipulation through speculation and hoarding.

While many Nigerians celebrated the previous naira appreciation, speculators and hoarders incurred losses, leading to suspicions that powerful entities, including politically exposed persons involved in foreign exchange round-tripping, are resisting government measures. The CBN, armed with intelligence, is poised to launch a campaign targeting these individuals, aiming to decisively address their disruptive activities.

A source within the CBN, speaking anonymously, revealed the central bank's determination to counteract the pushback from speculators and traders. The CBN plans to initiate a robust campaign against these disruptive forces to preserve the recent gains made in stabilizing the naira. Aminu Gwadabe, President of the Association of Bureau de Change Operators of Nigeria (ABCON), emphasized the CBN's readiness to inflict consequences on currency speculators, emphasizing the risks associated with attempting to manipulate the naira against its recent positive trajectory. The CBN's multifaceted approach includes measures such as dollar liquidity injection and naira mopping through interest rate hikes. The market is cautioned against further attacks on the naira, as the CBN remains well-equipped to safeguard its recent successes.

A significant wave of innovation is expected to be unleashed through a two-day event, featuring the Naija SDGs Fintech-AI Hackathon Finals and a conference. The hackathon finale, themed "From Promise to Cash," is scheduled for December 5, and the conference will follow on December 6. These events will be held at Microsoft Office Garage in Ikoyi, Lagos, and the Radisson Blu Anchorage Hotel, respectively, commencing at 9 a.m. 

Uchi Uchibeke, the founder of NaijaHacks and AfricaHacks, emphasized that hackathon participants would harness advanced technology to create local value, directly contributing to the Sustainable Development Goals (SDGs). Successful hackathons rely on collaboration between participants and partners, as evidenced by their partnership with the Naija SDGs AI & Fintech Hackathon.

Bankole Oloruntoba, CEO of the Nigeria Climate Innovation Center, highlighted the organization's commitment to contributing to the achievement of the SDGs through its various projects. He stated that the Naija SDGs Fintech Hackathon had made an impactful contribution over the last two years, and they aim to scale this impact this year.

Mr. Emmanuel Etaderhi, the Executive Secretary of FC4S Lagos, described the Naija SDGs Fintech Hackathon as a journey of innovation and impact. The event aims to nurture fintech talents to address the United Nations' 2030 Sustainable Development Goals, now incorporating an artificial intelligence component.

The hackathon, designed to promote talented fintech and AI enthusiasts aged 18-35, is open for registration. Participants focused on crafting innovative AI and fintech solutions that enhance sustainable development can register until November 25, 2023, via this link: https://apply.africahacks.com/challenge/Naija_SDGs_AI_&_Fintech_Hackathon

During the hackathon finals' first day, registered participants will pitch their creative solutions to high-level judges with extensive industry experience. The second day will bring together key industry leaders and subject matter experts to explore the digital frontier and announce the top three hackathon finalists.

Both events provide opportunities to expand participants' networks for career growth and success. They will feature potential mentors, connections with industry professionals, and visionary speakers.

President Bola Tinubu has given his approval for the appointment of twenty capable Nigerians to serve as Federal Commissioners in the National Population Commission (NPC). Nine of these appointees are current Federal Commissioners who have been reappointed for a second term:

The appointees' names were disclosed in a statement issued by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale. The list includes Hon. Emmanuel Trump Eke (Abia), Dr. Clifford Zirra (Adamawa, reappointed), Mr. Chidi Christopher Ezeoke (Anambra, reappointed), and Barr. Isa Audu Buratai (Borno, reappointed). 

Other newly appointed Federal Commissioners are Bishop Alex Ukam (Cross River), Ms. Blessyn Brume-Ataguba (Delta), Dr. Jeremiah Ogbonna Nwankwegu (Ebonyi), Dr. Tony Aiyejina (Edo, reappointed), Mr. Ejike Ezeh (Enugu, reappointed), Mr. Abubakar Damburam (Gombe, reappointed), Prof. Uba Nnabue (Imo, reappointed), Ms. Sa’adatu Dogon Bauchi Garba (Kaduna), Dr. Aminu Ibrahim Tsanyawa (Kano), and Hon. Yori Afolabi (Kogi).

Furthermore, Hon. Olakunle Sobukola (Ogun), Hon. Temitayo Oluseye Oluwatuyi (Ondo), Sen. Mudashiru Hussain (Osun, reappointed), Ms. Mary Ishaya Afan (Plateau), Mr. Ogiri Itotenaan Henry (Rivers), and Mr. Saany Sale (Taraba, reappointed) have also been appointed.

President Tinubu has entrusted the new and returning NPC Federal Commissioners with the important task of effectively implementing measures that will generate accurate population data. These data will be crucial in addressing Nigeria's socio-political and economic challenges with well-informed solutions.

Debate Surrounds Government's Exchange Rate Target and Banking Sector Reorganization

Amid reports suggesting that the Federal Government is working on attaining an exchange rate target of N500-N600 per US dollar while contemplating banking sector reorganization, various private sector organizations and financial experts have voiced differing opinions on the viability and benefits of such objectives. Their recommendations to establish a stable macroeconomic environment addressing exchange rate volatility have been expressed to guide the government.

Dr. Tope Fasua, Special Adviser to the President on Economic Matters, revealed during a recent event that the government has plans to boost the value of the naira. He attributed the recent strengthening of the naira to policies being implemented by the government and warned individuals hoarding foreign currencies that these policies may come as a surprise to them.

In response, the Nigeria Employers Consultative Association (NECA) and economic experts commended the initiative but urged the government to clarify and disclose specific policy plans. They emphasized the importance of local production, tackling the nation's import dependence, and ensuring alignment between fiscal and monetary policy authorities before targeting a lower exchange rate.

NECA's Director-General, Mr. Adewale-Smatt Oyerinde, encouraged the government to engage with organized businesses to gain consensus and support for ongoing reforms. Olatunde Amolegbe, the immediate past President of the Chartered Institute of Stockbrokers, expressed uncertainty about the working paper to achieve the exchange rate goal, emphasizing the need for more information.

Nnamdi Nwizu, Co-Founder of Comercio Partners Limited, praised the alignment of fiscal and monetary policy authorities but called for more transparency regarding actions and their impact on strengthening the economy and promoting exports.

Mallam Garba Kurfi, Managing Director/CEO of APT Securities & Funds, saw the exchange rate target as a positive development that could lead to lower inflation rates and increased economic output. He anticipated that the central bank's actions, likely related to restructuring the banking system, could help achieve the goal.

Ambrose Omordion, an analyst at Invesdata Consulting Limited, believed that achieving the exchange rate target is feasible, primarily due to sustained high international oil prices. He suggested that funding from organizations like the World Bank and increased foreign investment could enhance foreign exchange earnings. Recommendations from NECA and financial experts included addressing the nation's import dependency, privatizing national refineries, maximizing crude production, and promoting local production to reduce pressure on the naira. Monitoring bank accounts for currency hoarding and encouraging production and exports were also recommended to increase the supply of foreign exchange.

The debate highlights the complexities and challenges associated with exchange rate stabilization and financial sector reform in Nigeria. While the government's intentions are commendable, the path to achieving these goals remains a topic of discussion and potential scrutiny.

President Bola Tinubu has officially signed into law the 2023 Supplementary Budget, which amounts to N2.17 trillion. The National Assembly recently passed this supplementary appropriation act.

The signing ceremony took place at the Presidential Villa in Abuja and was attended by prominent figures, including the President of the Senate, Senator Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abass. Also present were the Secretary to the Government of the Federation (SGF), Senator George Akume; Minister of Budget and Economic Planning, Atiku Bagudu; and Chairman of the Federal Inland Revenue Services (FIRS), Zacch Adedeji. Senators Opeyemi Bamidele and Olamilakan Adeola, Senate Leader and Chairman of the Senate Committee on Finance, respectively, also attended the event.

Peter Obi, the presidential candidate of the Labour Party in the last presidential election, has criticized the 2023 supplementary budget, claiming it highlights the Federal Government's insensitivity to the needs of the masses and the nation's urgent emergencies.

Obi expressed his disappointment that the supplementary budget did not adequately address the pressing national needs and emergencies facing the country. President Bola Tinubu recently signed the 2023 supplementary appropriation bill, totaling N2.17 trillion.

The supplementary budget allocation of N605 billion for security was emphasized, intended to enhance the capabilities of the armed forces and security agencies to address current and emerging security challenges. Other provisions included N5.5 billion for a student loan scheme and over N616 billion in wage awards for civil servants to mitigate the increased cost of living post-subsidy.

In response, the Senate has announced its intention to investigate the purchase of a N5 billion presidential yacht and the circumstances surrounding it.

Peter Obi expressed his concerns on Twitter, emphasizing that a supplementary budget should prioritize national welfare needs not initially addressed in the main budget. He pointed out that the supplementary budget came late in the financial year and should primarily focus on urgent national welfare items.

Obi referred to a report from the United Nations and the World Food Programme, projecting that about 6.5 million Nigerians would suffer from hunger in 2024, primarily in Sokoto, Adamawa, Borno, Yobe, and Zamfara States. He suggested that the supplementary budget could have addressed this impending catastrophe by providing provisions to mitigate the threat.

He further criticized the fact that the supplementary budget included extravagant expenditures such as a presidential yacht, presidential jets, and the furnishing of lavishly furnished presidential quarters and offices, rather than focusing on urgent social welfare issues.

Obi's tweets highlighted the government's lack of awareness of the country's crisis and the government's disconnection from the suffering of the general population. He concluded that the majority of the funding for these lavish expenses would be borrowed, emphasizing the need for empathy and realism from the government during these challenging times, rather than extravagant indulgence.

Recently, President Bola Tinubu intervened to halt the proposed increase in electricity tariffs and emphasized the importance of maintaining power subsidies, according to the Minister of Power, Adebayo Adelabu. He disclosed this at a press briefing in Abuja, where he further revealed that the government would scrutinize the legality of the five-year license extension granted to privatized power distribution and generation companies, as their licenses would have normally expired on October 31, 2023.

Minister Adelabu also expressed his commitment to taking action against underperforming chief executives within the power ministry and its agencies, especially if their poor performance jeopardizes his position as the minister. In his statement, he emphasized that the power sector's sensitivity to leadership changes requires a balanced and well-thought-out approach.

Addressing the issue of cost-reflective tariffs, which could result in higher power charges for consumers, Adelabu explained the government's ongoing subsidy of power costs. Although tariff adjustments should have been implemented previously, President Tinubu refrained from raising the tariffs until consistent and incremental power supply is achieved. The substantial gap between cost-reflective tariffs and the approved tariffs is still being bridged by the government through subsidies.

Adelabu stressed that tariff adjustments would occur when the timing is appropriate and would follow extensive public communication and awareness campaigns, in addition to ensuring sustained and regular power supply.

The minister also highlighted the unsatisfactory level of power generation in Nigeria, which currently stands at around 4,000 megawatts. Efforts are being made to enhance this figure, but the current status is considered unacceptable and an issue of national concern.

Furthermore, Adelabu emphasized that only those who perform efficiently in their positions will remain, as the President has conveyed the necessity for ministers to deliver on their mandates. He emphasized the importance of the power sector's role in national development and urged all stakeholders to support his vision.

The minister also questioned the decision to privatize the power sector in 2013, suggesting that a better approach might have been commercialization. He hinted that the government might reassume control of the power distribution companies (Discos), especially those handling excessively large territories below expected standards. Adelabu also confirmed that he has initiated an investigation into the recent five-year license extensions for these privatized power companies to determine their legal and contractual validity.

Lastly, Adelabu discussed power supply to Niger Republic, stating that Nigeria has not yet resumed power supply to the neighboring country and that the situation is being closely monitored by the government.

In terms of electricity statistics, the National Bureau of Statistics reported that the total number of electricity customers increased slightly between Q1 and Q2 of 2022. However, on a year-on-year basis, customer numbers saw a decline. The number of metered customers increased on a quarter-on-quarter basis. Electricity supply decreased in comparison to previous years. Revenue generated by the Discos also declined on a quarter-on-quarter basis but showed an increase on a year-on-year basis.

This information provides a comprehensive overview of the current state of Nigeria's power sector, highlighting key government decisions and challenges. The government's commitment to both providing adequate power and supporting consumers remains a top priority.

Rwandan President Paul Kagame has made an important announcement regarding visa-free travel for Nigerians and all Africans. Following this decision, Rwanda joins a select group of African countries, including Seychelles, The Gambia, and Benin, that offer visa-free entry to all African citizens.

President Kagame stated, "Let there be no mistake about it. Any African can get on a plane to Rwanda whenever they wish and will not pay a thing to enter our country." This policy change is part of Rwanda's strategy to tap into the growing tourism market in Africa, driven by the continent's expanding middle class.

Rwanda has been actively promoting its tourism sector, engaging in partnerships with renowned football clubs like Arsenal and Bayern Munich to showcase the country as a desirable tourist destination. This move not only fosters tourism but also enhances cultural exchange and regional integration.

In addition to Rwanda's decision, several African nations have been entering into bilateral agreements to facilitate visa-free travel. Notably, Ghana and South Africa, as well as Uganda and the Democratic Republic of Congo, have recently taken steps in this direction.

Furthermore, Kenyan President William Ruto has announced plans to end visa requirements for all African visitors by the end of the year. He made this commitment during an international conference in Congo Brazzaville, emphasizing the importance of removing travel barriers and promoting openness across the continent. Ruto's statement was met with enthusiastic applause, underscoring the significance of these changes.

In conclusion, these developments signify a growing trend towards simplifying travel and fostering greater unity among African nations, ultimately benefiting tourism, trade, and cross-border collaboration.

In Osun State, the main opposition Peoples Democratic Party (PDP) has raised allegations against Governor Ademola Adeleke's administration, accusing it of attempting to deceive the state and push it into a financial crisis with its recently unveiled multibillion naira development projects. Adeleke had announced an ambitious development agenda that would require over N100 billion in funding within a one-year period.

This development plan includes the construction of flyovers at five different locations in the state, with two in the state capital, Osogbo, and one each in Ede, Ikirun, and Ile-Ife. Additionally, the governor outlined plans for the rehabilitation of 345 health centers in the state's 332 wards, a second phase of potable water provision, rehabilitation of 31 schools in 30 councils, recruitment of new teachers, and the reconstruction or rehabilitation of 45 roads, each at least one kilometer long in every council, totaling 45 kilometers of roadwork.

Governor Adeleke emphasized that his administration would not seek loans from financial institutions to finance these projects. Instead, he mentioned that they had been diligently saving and addressing financial leakages within the state, resulting in an increase in the internally generated revenue base of Osun.

In response, the Osun APC chairman, Tajudeen Lawal, labeled Adeleke's plan as a crafty scheme designed to benefit certain individuals with close ties to the government, describing it as a scam.

Conversely, the ruling Peoples Democratic Party (PDP) in the state criticized the APC's criticism, deeming it unpatriotic and anti-development. PDP Chairman Sunday Bisi defended the development agenda, asserting that it was commendable, long overdue, sustainable, and crucial for the economic revitalization of the state. He highlighted the infrastructural challenges inherited by the PDP government and the significant progress made in addressing them over the past 11 months. Bisi urged the APC to shed its poverty-focused mindset and support the state's progress.

The Nigeria Labour Congress (NLC) has voiced its concerns over the severe consequences of the forex crisis on the nation's economy. The NLC President, Joe Ajaero, attributed the sharp depreciation of the national currency to government officials' preference for foreign luxury goods. He warned that the economy was at risk of enduring a series of negative consequences unless the naira stabilized against the US dollar.

The NLC's statement came ahead of a meeting between organized labor and the Federal Government, scheduled for today, where they will review the implementation of the Memorandum of Understanding signed regarding subsidy removal palliatives.

The NLC has recommended that public officials should support the naira by purchasing locally-manufactured products, rather than foreign luxury items. They emphasize the importance of patronizing Nigerian brands and express their concerns about the negative impact of officials opting for foreign products on the naira's value. They state that these actions "de-market" the naira and call on officials to be more patriotic in their choices, favoring domestically-made goods.

The labor union warns that without immediate interventions, they may be compelled to take action to prioritize the rescue of the naira, the economy, and the nation as a whole. They stress the significance of boosting local production and consumption of domestic products while reducing imports to stabilize the naira. Additionally, they suggest that commodities for export should be priced in naira.

Labor also raises concerns about ongoing disputes with the Imo State government, including unpaid salaries, wrongful designation of workers as ghost workers, destruction of the NLC state Secretariat, discriminatory pay practices, non-compliance with the National Minimum Wage, and unsettled gratuity arrears. They express their intent to embark on mass protests and industrial action to protect workers' rights in Imo State if the government does not resolve these issues. Labor warns that if necessary, they will shut down the state on the governorship election day, November 11, 2023.

Ondo State Governor, Mr. Rotimi Akeredolu, has rejected the apology offered by his deputy, Mr. Lucky Aiyedatiwa, regarding the ongoing political crisis in the state. In response to Aiyedatiwa's apology, Dr. Doyin Odebowale, the Senior Special Assistant on Special Duties and Strategy to the Governor, expressed the governor's refusal to accept the apology and insisted that his deputy must answer questions before the state House of Assembly.

Aiyedatiwa had blamed the ongoing crisis on desperate politicians in the state and stated that he remained loyal to the governor. He denied any involvement in sponsoring protests against Akeredolu. Aiyedatiwa also commended Akeredolu and the national leadership of the All Progressives Congress (APC) for their intervention in resolving the crisis.

However, Akeredolu's spokesperson disagreed with the deputy governor's statement that the governor had intervened in the crisis by persuading the House to embrace political solutions. He also refuted the denial of sponsorship of protests against the governor. Odebowale urged the deputy governor to address the allegations of misconduct brought against him by the House of Assembly. The political crisis in Ondo State remains a contentious issue that has raised concerns and cast a shadow on the state's political landscape.

The lawsuit was filed in January 2023 by Mr. Nnamdi Kanu, the leader of IPOB, against the Nigerian government, South-East Governors' Forum, the President of Nigeria, the Attorney General of the Federation, and the Governor of Ebonyi State. Justice Onovo's ruling emphasized that the proscription of IPOB also violated Mr. Kanu's fundamental rights as outlined in the African Charter on Human and People's Rights (Enforcement and Ratification) Act.

The court ordered the Nigerian government to publicly apologize to Mr. Kanu and declared that self-determination is not a crime, making it an invalid basis for arresting and prosecuting the IPOB leader. Furthermore, the federal government and other respondents were directed to jointly pay Mr. Kanu N8 billion in damages for the numerous physical, mental, emotional, psychological, and property damages he suffered due to the infringements on his fundamental rights.

The Nigerian government had repeatedly accused IPOB of being behind attacks in the South-east region, leading to loss of lives and property damage, but the group had consistently denied these allegations. Mr. Kanu, accused of terrorism, remains detained by Nigeria's secret police, SSS, in Abuja, while security agencies continue to target suspected IPOB members in the South-east.

Aloy Ejimakor, a special counsel to Nnamdi Kanu and IPOB, described the court's judgment as a landmark victory and highlighted the government's unjust targeting of IPOB compared to other ethnic organizations that have not faced similar measures.
 

The People's Democratic Party (PDP) expressed its deep disappointment with the Supreme Court's verdict regarding the appeals filed by Atiku Abubakar of the PDP and Peter Obi of the Labour Party. The Supreme Court dismissed these appeals, stating that they lacked merit.

In a statement signed by the PDP's spokesman, Debo Ologunagba, the party conveyed its concerns about the Supreme Court's reasoning. The PDP believed that the judgment contradicted the express provisions of the Nigerian Constitution, the Electoral Act, 2022, and the guidelines and regulations set by the Independent National Electoral Commission (INEC) for the 2023 presidential election.

The party criticized the Supreme Court for what it perceived as a failure to uphold the law. The PDP emphasized that many Nigerians had expected the Supreme Court to uphold the constitutional requirements for a presidential election in Nigeria, including the need to secure at least 25% of votes in the Federal Capital Territory (FCT). They also raised concerns about violations of electoral rules, manipulations of election results by the All Progressives Congress (APC), and the condoning of issues related to forgery, falsehood, and perjury based on technicalities.

The PDP expressed its deep concerns about the overall impact of the Supreme Court's judgment, as it seemed to have shaken Nigerians' confidence in the judiciary, especially in the Supreme Court's role as the last hope for the common people.

Despite this disappointment, the PDP urged Nigerians not to be discouraged and to remain committed to the pursuit of a credible electoral system that genuinely reflects the will of the people.

In summary, the PDP's statement highlighted its dismay at the Supreme Court's judgment and its concern for the implications it holds for Nigeria's democracy. It also emphasized the importance of continuing the pursuit of transparent and credible elections.

Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has urged Finance Minister Olawale Edun to compel the Nigerian National Petroleum Company Limited (NNPCL) to remit $34.2 billion to the federation account. This substantial sum represents money received on behalf of the government from Nigeria LNG Limited (NLNG) between the years 2004 and 2021.

In a letter dated October 25, 2023, addressed to the minister, Falana further warned that he would file a lawsuit at the Federal High Court for the immediate recovery of the funds from NNPCL if it declines to make the necessary remittance.

Falana highlighted that on April 27, 2019, the Senate committee on public accounts held a public hearing on revenue generation for the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). During this hearing, NLNG's General Manager for External Relations and Sustainable Development, Eyono Fatai-Williams, revealed that the company paid dividends of over $18 billion to Nigeria through NNPCL from 1999 to 2019.

Furthermore, Fatai-Williams disclosed that NLNG had paid $9 billion in taxes to the Federal Government from 2011 to the present, and an additional $15 billion had been remitted for gas to NNPCL since the company's inception. Following this revelation, the Senate committee asked the suspended Accountant-General of the Federation, Ahmed Idris, to confirm whether the sum of $33 billion was indeed remitted to NNPCL.

According to Falana, Idris revealed that the funds paid by NLNG were not remitted to the federation account but were instead held by NNPCL. In light of this, the Public Accounts Committee directed the Accountant-General to ascertain the exact amount that was remitted to the federation account, whether any deductions were made by NNPCL, the amount deducted, who authorized the deductions, and the exchange rates applied for the remitted amounts over the years under review.

In the latest legal development concerning the 2023 general election in Nigeria, the Supreme Court has upheld Bola Tinubu's election as the President of the country. This decision comes after challenging appeals by his major opponents, Atiku Abubakar of the People's Democratic Party (PDP) and Peter Obi of the Labour Party.

Atiku and Obi had originally sought to have the election results overturned, arguing that they should be declared winners instead. They approached the election tribunal to nullify Tinubu's victory as declared by the Independent National Electoral Commission (INEC). These appeals were dismissed, prompting them to bring their case to the Supreme Court.

At the Supreme Court, Atiku attempted to introduce new evidence of alleged forgery against Tinubu. However, the court dismissed this appeal on Thursday, citing that the issue of forgery was not part of the initial appeal presented at the tribunal, and the time allotted for filing new evidence had already expired.

Justice John Okoro further explained that the appellants did not apply for an extension of time or request to amend their appeal to include the issue of forgery, and even if they had, it wouldn't have been granted. He emphasized that the lower court, guided by the provisions of section 285 Sub 6 of the state constitution, had lost jurisdiction in dealing with the matter.

One of the arguments presented was that Tinubu couldn't be declared President as he had failed to secure 25% of the votes in the Federal Capital Territory (FCT). The Supreme Court upheld the decision of the Tribunal, which ruled that Abuja/FCT should be considered as the 37th state for the purpose of calculating the two-thirds majority needed to declare a presidential candidate as the election winner.

Regarding the electronic transmission of results, the Supreme Court ruled that the election couldn't be nullified due to the Independent National Electoral Commission's (INEC) failure to transmit results electronically. Justice Okoro stated that the absence of electronic result transmission (iREV) couldn't be used as grounds for election nullification, as it hadn't affected the overall election results.

Additionally, the Supreme Court dismissed an appeal by Peter Obi, who sought to disqualify Tinubu over the double nomination of Vice President Kashim Shettima. The justices noted that this matter had already been addressed in a previous Supreme Court judgment.

This recent Supreme Court ruling adds another chapter to the legal disputes surrounding Nigeria's 2023 presidential election. In May, the Supreme Court had previously dismissed a suit filed by the PDP, stating that the party lacked locus standi to bring the case to court.

Tonto Dikeh, a well-known Nollywood actress and a former candidate for the governorship in Rivers State, has ignited a new wave of controversy as she officially becomes a member of the All Progressives Congress (APC).

The actress, who previously ran for the governorship election representing the African Democratic Congress (ADC), solidified her transition to the APC through a statement posted on the party's official Twitter page. Her formal introduction to the party was carried out under the guidance of the APC National Women Leader, Dr. Mary Alile, at the APC National Secretariat in Abuja.

Tonto Dikeh's decision to switch political affiliations has generated mixed reactions online. Some have praised her for making this move, while others have criticized her, citing her past confrontations with the APC. This shift underscores the intricate nature of Nigerian politics, where political alliances can be fluid and dynamic.

Tonto Dikeh's political journey has taken unexpected turns, especially when she initially declared her intention to run for the position of governor in the Rivers State gubernatorial election. Her campaign encountered challenges, leading her to reconsider her political affiliation based on advice from political mentors.

While her move to the APC may raise eyebrows, it serves as a reminder of the ever-evolving and complex landscape of Nigerian politics, where loyalties can adapt to changing circumstances and strategic considerations.

The Audrey Silva firm (TASC), a renowned production company co-owned by actress Rita Dominic and film director Mildred Okwo, is set to take the reins of the Miss Nigeria pageant, ending Folio Communications' 16-year management of the competition. Rita Dominic expressed her enthusiasm, stating that the Miss Nigeria Pageant stands as a true embodiment of the unity within Nigeria, empowering young women from diverse socioeconomic, racial, and religious backgrounds. Her husband, Mr. Fidelis Anosike, has led the brand impressively for the past 16 years and is now collaborating with TASC, enabling Rita to spearhead the pageant with her extensive 25 years of experience in the entertainment industry.

Rita Dominic emphasized her readiness to lead the Miss Nigeria pageant after years of learning from her husband and others. As someone deeply immersed in the entertainment sector as a film producer, she believes she possesses the requisite skills and knowledge. Fidelis Anosike, in recognition of the remarkable history of Miss Nigeria and the impending 93rd birthday of Chief Atinuke Oyelude, the first Miss Nigeria, expressed his conviction that Rita Dominic will raise the bar for the pageant, making Nigeria proud. With an inspiring vision of transforming the Miss Nigeria platform into a trust dedicated to empowering young Nigerian women, the Audrey Silva firm joins the Miss Nigeria 1957 alliance, poised to elevate the legendary pageant's status alongside Rita Dominic and Mildred Okwo.