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The Economic and Financial Crimes Commission, EFCC, wishes to react to a news report in a leading national newspaper entitled: āEFCC Stopped Service of Charges on Binance Chief, FIRS Allegesā. The report is untrue, misleading and removed from the facts before the court.
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At no time did the court bailiff approach the EFCC to serve any of the Binance executives in its custody with a charge.Ā At the last sitting of the court, counsel to the Federal Inland Revenue Service,Ā Ā FIRS, Moses Ideh, did not lodge such a complaint before the court. He only told the court that the Service was yet to serve the defendants.Ā
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The Commission, therefore, finds the news item preposterous and embarrassing.Ā The public is enjoined to ignore it entirely.
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Media & Publicity
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April 5, 2024
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NAIRA ABUSE: LAGOS COURT CONVICTS BOBRISKY, DEFERS SENTENCE TILL APRIL 9
The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Friday, April 5, 2024, secured the conviction of Idris Okuneye, a.k.a Bobrisky, before Justice Abimbola Awogboro sitting at the Federal High Court, Ikoyi, Lagos over mutilation of the Naira notes.
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He was arraigned on Friday on a four-count charge bordering on mutilation of the Naira notes to the tune of N490, 000, 00 (Four Hundred and Ninety Thousand Naira).
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Count one reads: āThat you, OKUNEYE IDRIS OLANREWAJU, on the 24th day of March, 2024, at Imax Circle Mal, Jakande, Lekki, within the jurisdiction of this Honourable Court, whilst dancing during a social event, tampered with the total sum of N400,000.00 (Four Hundred Thousand Naira) notes issued by the Central Bank of Nigeria by spraying same and you thereby committed an offence contrary to and punishable under section 21(1) of the Central Bank Act, 2007.ā
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Another count reads: āThat you, OKUNEYE IDRIS OLANREWAJU, between July and August, 2023 at Aja Junction, Ikorodu, within the jurisdiction of this Honourable Court, whilst dancing during a social event, tampered with the sum N50,000.00 (Fifty Thousand Naira) issued by the Central Bank of Nigeria by spraying same and you thereby committed an offence contrary to and punishable under section 21(1) of the Central Bank Act, 2007.ā
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He pleaded āguiltyā to the charges when they were read to him.
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In view of his plea,Ā prosecution counsel, S.I. Sulaiman sought to invite the investigating officer, ASE I Bolaji Temitope Aje, to give a brief review of the facts.
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Aje narrated to the court that the EFCC received intelligence on some individuals, who are in the habit of mutilating and spraying the Naira notes at social parties and event centres in Lagos.
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āBased on the intelligence,Ā the EFCC set up the Special Operations Team to observe and monitor activities of individuals, who are involved in the habit of mutilating the Naira.
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āThe team visited many event centres and monitored social media pages, where the Naira was being abused.
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āDuring the course of the monitoring, the team came across videos on social media, where the defendant was seen abusing the Naira.
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āThe team then proceeded to download these videos via our office laptop computers and also went further to copy these videos on compact discs.
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āIn the light of the foregoing, a letter of invitation was written and forwarded to the defendant.
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āThe defendant honoured the invitation. When he got to our office, he was voluntarily cautioned. Thereafter, he volunteered to write his statement .
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āThe defendant was shown a video, where he was spraying money on an artiste called Segun Johnson. The defendant confessed that he was the one in the video. He was also shown a video at IMAX Circle Mall, where he sprayed a total sum of N400,000 at a movie premiere. The defendant also admitted that he was the one in the video and that he carried out the abuse.
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āThe defendant was also shown two other videos of him spraying the Naira at Aja junction, Ikorodu, and White Stone EventĀ Centre, Ikeja, Lagos .
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āThe defendant admitted to spraying money in these videos. He was, therefore, served with a bail condition.
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Sulaiman, thereafter, sought to tender, in evidence, the defendant’s statements and compact disc copies of the video attached to the certificate of identification.
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Justice Awogboro admitted and marked the documents as exhibits.
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In view of the above, Sulaiman prayed the court to convict and sentence the defendant accordingly.
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Justice Awogboro, thereafter, ruled, āupon the admission of guilt by the defendant, testimony of PW1 and following the evidence tendered, the defendant is declared guilty as charged.
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Bobrisky, in his plea for mercy told the court, said: āI am a social media influencer, with five million followers; and in all honesty, I was not aware of the law.
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āI wish I can be given a second chance to use my platform to educate my followers against the abuse of the Naira. I will do a video on my page and educate people on that. I will not repeat the offence again. I regret my actionā, he pleaded.
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The defendantās counsel, Ayo Olumofin, prayed the court for leniency. He appealed to the court to temper justice with mercy, considering his status as a first-time offender as well as his ā sincere remorse for his actions.ā
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Pleading further, he said,Ā āHe will lead the crusade against the abuse of Naira. He is also an employer of people ; and if he goes to jail, the people he employsĀ will suffer. He has cooperated with the EFCCĀ and has not wasted the time of the court. We urge the court to caution the defendant and allow him to go. He has given evidence that he will be useful to the country. We urge you to grant a non-custodial sentencing option of fine.ā
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After listening to both parties, the Judge deferred judgment in the matter to Tuesday, April 9, 2024 and also ordered that he be remanded in the EFCC custody.
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Media & Publicity
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April 5, 2024
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EFCCāS POSITION ON MALABU OIL FRAUD CASE AND ASSOCIATED ISSUES
The Economic and Financial Crimes Commission, EFCC, has commenced a review of developments around the Malabu OPL 245 fraud case, including the dismissal of the charges against a former Attorney General of the Federation and Minister of Justice, Bello Adoke by a Federal Capital Territory High Court, Abuja and the conduct of the prosecuting counsel, Offem Uket.
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Ā The review will entail exploration of the option of appeal and possible change of counsel in view of the Commission’s dissatisfaction with the handling of the case by Uket.
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Nevertheless, this intention has no nexus whatsoever to the spew of speculations imputing compromise by parties to the charge, currently making the rounds in some sections of the media .
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EFCC is not obliged to embrace such narratives as it neither accused any of the parties of any unsavoury conduct nor made any conclusive statements about any investigation on the matter.
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The public is enjoined to ignore effusions of mischief makers on the matter and await the next course of actions.
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Media & Publicity
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April 5, 2024
President Tinubu Appeals for Peace in Africa and Trouble Spots Around the Globe
President Bola Tinubu on Friday made a strong appeal for global peace and stability, particularly in Africa and trouble spots around the world.
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Addressing members of the Diplomatic Corps and Heads of International Organizations during Iftar at the State House, President Tinubu urged the ambassadors to convey the message of peace and stability to their respective countries.Ā Ā
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āIt is an honour for me to speak to you collectively and share with you the diverse culture that Nigeria embodies. Sharing this moment with you is a privilege for us,ā the Nigerian leader said.
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Reflecting on the essence of Ramadan, President Tinubu emphasized the values of tolerance and perseverance, noting their importance in fostering peace and stability worldwide.
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āRamadan is a period of self-denial, sharing, tolerance, and perseverance. It is a time for us to bring peace and stability to the world. I appreciate your coming and sharing of peace with us,ā the President said.
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President Tinubu appealed to members of the Diplomatic Corps to extend their care and support to the needy and the vulnerable, noting the collective responsibility to promote peace and stability globally.
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āLet us in our hearts care for the needy and those who have nothing. Together, we can promote peace and stability in the world. It is what you need to convey to your various countries, that stability and peace are attainable. We should all come together to promote peace in the world.
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āThere will be no economic stability without peace in the world,ā the President stated.
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Ambassador Salaheddine Abbas Ibrahim, High Commissioner of Cameroon and Dean of the Diplomatic Corps, expressed gratitude for the generous invitation to share Iftar with President Tinubu.
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He prayed the blessings of the last days of Ramadan upon Nigeria and wished President Tinubu fruitful stewardship for peace and prosperity in the country.
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Commending the President for bringing renewed hope to Nigerians, High Commissioner Ibrahim assured him that Nigeria can rely on the international community as a veritable partner.
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Earlier at the State House mosque, President Tinubu joined other Muslim faithful to participate in the closing of the Ramadan Tafsir.
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He urged the Muslim faithful to uphold the lessons of the Holy month beyond the fasting season by living in peace and harmony with one another.Ā
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āI want to thank God Almighty that we started this Ramadan with the opening knowledge of Tafsir. I thank the Imams for their dedication, love, and commitment to the faith. My appeal is for them to continue to preach the sermon of goodwill,āā President Tinubu concluded.Ā
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Chief Ajuri Ngelale
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Special Adviser to the President
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(Media & Publicity)
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April 5, 2024
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HIKE IN ELECTRICITY TARIFF WILL CREATE MORE DIFFICULTIES FOR THE CITIZENS ā ATIKU ABUBAKAR
As usual, the government is unleashing another dose of reforms without adequate notice and without an adequate post-reform plan to mitigate the pain.
The increase in electricity tariff comes at a time when Nigerian citizens are going through excruciating difficulties occasioned by the withdrawal of subsidy on PMS and floating of the domestic currency.
The government has not successfully dealt with the pains associated with the implementation of those measures, and now this. The hike in electricity tariff will create more difficulties for the citizens as inflationary pressures are elevated. Our manufacturing sector will similarly be impacted negatively. Not only are they paying higher interest rates on their bank loans but also paying more for diesel, paying higher wages as a result of the new minimum wage. The President’s men are pushing the economy into a deeper crisis. His reforms are without a human face.
It is important that we understand the root cause of the inefficiencies in the power sector before unleashing another dose of reforms. It is time to revisit the privatization exercise that produced the DISCOs.
Tinubu must (a) ensure that these reforms are sequenced, (b) implement measures to mitigate the pain, and (c) hold the NERC responsible for ensuring improved service delivery. -AA
April 6, 2024
Press Statement
Ondo Governorship Election: PDP to Hold Ward Congress Monday, April 8, 2024
ā¦Sets Up Ward Congress Electoral Committee
The National Working Committee of our great Party, the Peoples Democratic Party (PDP), has approved the nomination of the underlisted Party members to serve as members of the Ondo State Ward Congress Electoral Committee to conduct the 3-Man Ad-Hoc Ward Congress for the purpose of electing 3Ad-Hoc Delegates per Ward (one of whom shall be a woman) in each of the 203 Wards of Ondo State
The Ward Congress is scheduled to hold at the Ward Secretariat in each of the 203 Wards on Monday, AprilĀ 8,Ā 2024.
The members of the Committee are:
- Sen. Abba Moro – Chairman
- ā Hon. Tom Zakari -Member
- ā Comr. Issaiah Makinde – Member
- ā Chief David Kolawole Vaughan – Member
- ā Barr. Nheoma Ndu -Secretary
The NWC charges all Governorship aspirants, leaders, critical stakeholders and members of our great Party in Ondo State to take note and be guided accordingly.
Signed:
Hon. Debo Ologunagba
National Publicity Secretary
Emmanuel Essien
Nice
4 h
Reply
Official Peoples Democratic Party (PDP) Nigeria
Seyi The Beloved
Nearly Completed PPP Project: Construction of Oyo State 11 MW Independent Power Project (IPP) under Governor Seyi Makinde-
A further update and pictures of thā¦ See more
Alhaji Yusuf
Your excellency Maj Hamza Al mustapha is a very good work
3 d
Reply
Official Peoples Democratic Party (PDP) Nigeria
March 30, 2024
Press Statement
PDP Sets up Screening Appeal Panel for Ondo State Governorship Electionā¦ See more
Salisu Ibrahim Garba
PDP will face trouble 2027 in Jigawa state.
PDP will be in serious problem till 2027 if action can not be taken into Consideration most of the Party leaders and those whom contested and elected in the flag party has abundant their People especially theā¦ See more
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Reply
Official Peoples Democratic Party (PDP) Nigeria
March 30, 2024
Press Statement
Easter: PDP Urges Faith, National Renewal ā¦ See more
Kunu Eli
Welcome!I wish our great party same
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Reply
Official Peoples Democratic Party (PDP) Nigeria
March 29, 2024
Press Statement
PDP to Hold NEC, BoT Meetings Thursday, April 18, 2024, ā¦ See more
John Ayogu
POWER TO THE PEOPLE
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Reply
Official Peoples Democratic Party (PDP) Nigeria
March 29, 2024
Press Statement
PDP Appoints Caretaker Committees for State, LG, Ward Chaptersā¦ See more
Usman Abimiku Dimka
Never repeat the mistake of what happen in plateau to our greater pary again, please!
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Reply
Official Peoples Democratic Party (PDP) Nigeria
PDP Governors in Action
RIVERS EXECUTIVE COUNCIL APPROVES N80.8BN FOR ELELE-OMOKU ROAD PROJECT
The Rivers State Executive Council has approved the sum ofĀ N80,886,404,836.45kobo for tā¦ See more
Top fan
Kelvin Ikponmwosa
Dear pdp . Pls I want to know what pdp is doing as a party to those G4 ex gov and governor Makinde . who betrayed the party during the last presidential election we are still waiting for action . Thank you š
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Reply
STATE HOUSE PRESS RELEASE
MINING AND EDUCATION IN FOCUS AS PRESIDENT TINUBU RECEIVES LETTERS OF CREDENCE FROM NEWLY-APPOINTED AMBASSADORS
President Bola Tinubu, on Friday, welcomed newly-appointed ambassadors to Nigeria, expressing his commitment to enhancing cooperation in the areas of education, mining, culture, and tourism.
The President received Letters of Credence from the High Commissioner of Jamaica, Lincoln Downer; High Commissioner of Australia, Leilani Bin-Juda; and Ambassador of Romania, Florin Talapan at the State House, Abuja.
During separate meetings, President Tinubu assured them of Nigeria’s support for a rewarding stay and reaffirmed his government’s commitment to maintaining an open-door policy toward strengthening existing economic, cultural, and diplomatic relations.
Speaking when he received the High Commissioner of Jamaica, President Tinubu emphasized the importance of collaboration on trade, investment, and the Technical Aids Corps.
He reiterated Nigeria’s readiness to reactivate energy cooperation with Jamaica, particularly in the context of climate change and the utilization of gas as a transition fuel.
”The essence of a relationship is to understand one another. With Nigeria’s energetic and talented youth, we have a cultural affinity with Jamaica and a lot of potential for cooperation in the areas of culture and tourism that will benefit the youth populations of both countries,” the President said.
The Jamaican High Commissioner conveyed his Prime Ministerās willingness for cooperation between Nigeria and Jamaica in various fields, such as energy, trade and investment, culture, and tourism.
He announced plans for a Jamaican business delegation to visit Nigeria later this year and invited Nigerian investors to explore opportunities in Jamaicaās special economic zones.
During the meeting with the High Commissioner of Australia to Nigeria, President Tinubu expressed appreciation for the longstanding relationship between Nigeria and Australia.
He acknowledged the shared values and interests between Nigeria and Australia as active members of the United Nations, the Commonwealth, and other multilateral institutions.
Acutely aware of Australia’s world-leading position in iron ore export, the President emphasized the importance of strengthening cooperation in mining, following recent initiatives by the Minister of Solid Minerals Development, Dr. Dele Alake, to deepen ties between the two nations concerning developments in the sector.
“The Minister of Solid Minerals was in Australia recently, and we look forward to further collaboration in this area. We are also ready to deepen our mutual cooperation in the area of education,” President Tinubu stated.
The Australian High Commissioner expressed enthusiasm for further collaboration during her tenure in Nigeria.
“I am the first Australian indigenous person to be appointed High Commissioner to Nigeria. I have been here for five months, and I love Nigeria. I love the people. I am sure my tenure here will be extremely fruitful for both sides,” the High Commissioner told the President.
The Australian High Commissioner extended an invitation to President Tinubu to consider visiting Australia during the Commonwealth Heads of Government Meeting (CHOGM) in Samoa.
During the meeting with the Romanian Ambassador, President Tinubu assured the ambassador that Nigeria will explore more opportunities for collaboration with the EU-member country.
The Romanian Ambassador expressed his commitment to strengthening ties between Nigeria and Romania, particularly in the education, energy, and defence sectors.
He announced plans to increase scholarships for prospective Nigerian students interested in studying in Romania.
“Nigeria is a second home to me, and I have lived here for many years. I have to give back every good thing I have received from Nigeria. My country is looking towards a strategic alliance with Nigeria in the areas of education, energy, and defence,” Ambassador Talapan told President Tinubu.
Chief Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
April 5, 2024
STATE HOUSE PRESS RELEASE
PRESIDENT TINUBU APPOINTS CHIEF EXECUTIVE OFFICER OF THE NIGERIAN CONSUMER CREDIT CORPORATION (CREDICORP)
In keeping with his dedicated efforts to ensure financial inclusion and economic prosperity for the majority of Nigerians, President Bola Tinubu has approved the appointment of Engineer Uzoma Nwagba as the Managing Director/Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP).
Engineer Nwagba, 36, holds a Masterās of Business Administration from the Harvard Business School and a first-class Bachelorās of Engineering from Howard University, Washington DC.
Prior to his appointment, Engineer Nwagba served as Chief Operating Officer of the Bank of Industry, in charge of driving micro-credit and other financial interventions at the institution.
He had also served as Senior Investment Associate, specializing in financial services (banking, insurance, pensions) at the African Capital Alliance.
Engineer Nwagba was a Software Engineer at Microsoft, where he led multiple teams charged with building enterprise and mobile software for emerging markets (Brazil, Russia, India, China, South Africa, and Nigeria), before his transition to finance.
More information about this landmark initiative of President Bola Tinubu’s administration can be found on:
www.credicorp.ng
The President expects the new Chief Executive Officer of this critical agency to bring to bear his wealth of experience in finance and technology, as well as his record in driving financial interventions across Nigeria in this new role in order to expand access to credit to all classes of Nigerian citizens, while promoting financial inclusion, and enhancing the quality of life of the Nigerian people as they access the tangibles of prosperity.
Chief Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
April 5, 2024
STATE HOUSE PRESS RELEASE
PRESIDENT TINUBU APPOINTS MANAGEMENT TEAM OF THE NIGERIAN EDUCATION LOAN FUND
In line with his determination to secure Nigeria’s socio-economic future by ensuring sustainable higher education and critical skill development for all Nigerian students and the youth, President Bola Tinubu has approved the appointment of the following qualified Nigerians to serve on the management team of the Nigerian Education Loan Fund (NELFUND):
(1) Mr. Akintunde Sawyerr – Managing Director/CEO
(2) Mr. Frederick Oluwafemi Akinfala – Executive Director, Finance and Administration
(3) Mr. Mustapha Iyal – Executive Director, Operations
With the appointment of the management team, the President expects that the necessary apparatuses are expeditiously put in place for the effective take-off of this pivotal Fund for the immediate and lasting benefit of Nigerian students and families in all parts of the country.
Chief Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
April 5, 2024
STATE HOUSE PRESS RELEASE
PRESIDENT TINUBU TO OBSERVE EID-EL-FITR IN LAGOS
President Bola Tinubu will depart Abuja, the Nation’s Capital, for Lagos on Sunday ahead of Eid-el-Fitr.
In deference to the solemn occasion, which marks the end of Ramadan, the President will observe the moment in prayers for Nigeria and with family.
The President will continue official duties during and after the Eid-el-Fitr holidays.
Chief Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
April 6, 2024
SERAP sues Akpabio āover failure to recall Ningi, refer N3.7trn budget padding to EFCC, ICPCā
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Senate President, Mr Godswill Akpabio over āthe failure to refer the alleged N3.7 trillion budget padding to appropriate anti-corruption agencies for investigation and prosecution, and to recall Senator Abdul Ningi who blew the whistle on the allegations.ā
Mr Akpabio is sued for himself and on behalf of all members of Nigeriaās Senate.
It would be recalled that whistleblower Ningi last month was suspended for three months over his allegations that the 2024 budget was padded by over N3 trillion and that the country is operating two budgets.
In the suit number FHC/ABJ/CS/452/2024 filed last Friday at the Federal High Court, Abuja, SERAP is seeking: āan order of mandamus to direct and compel Mr Akpabio to refer the alleged N3.7 trillion budget padding to appropriate anti-corruption agencies for investigation and prosecution of suspected perpetrators.ā
SERAP is also seeking: āan order of mandamus to direct and compel Mr Akpabio to immediately take steps to ensure the reinstatement of whistleblower Abdul Ningi who was suspended from the Senate over his allegations that the lawmakers padded the 2024 budget by irregularly inserting projects worth N3.7 trillion.ā
SERAP is also seeking: āan order of mandamus to direct and compel Mr Akpabio to put in place transparency and accountability mechanisms to ensure that the trillions of Naira budgeted for constituency projects are not embezzled, misappropriated or diverted into private pockets.ā
In the suit, SERAP is arguing that: āGranting this application would serve the public interest, encourage whistleblowers to speak up, improve public services, and ensure transparency and accountability in the management of public resources.ā
SERAP is arguing that, āDirecting Mr Akpabio to refer these allegations to appropriate anticorruption agencies and to reinstate whistleblower Abdul Ningi would be entirely consistent and compatible with the letter and spirit of the Nigerian Constitution 1999 [as amended] and the countryās international obligations.ā
SERAP is also arguing that, āThe allegations by Senator Ningi amount to public interest disclosures and can contribute to strengthening transparency and democratic accountability in the Senate in particular and the country as a whole.ā
According to SERAP, āSuspension of Senator Ningi by the Senate followed a seriously flawed process and it amounts to retaliation.ā
SERAP is also arguing that, āSenator Ningiās status as a whistleblower is not diminished even if the perceived threat to the public interest has not materialised, since he would seem to have reasonable grounds to believe in the accuracy of the allegations of budget padding and corruption in the Senate.ā
The suit filed on behalf of SERAP by its lawyers, Kolawole Oluwadare and Mrs Adelanke Aremo, read in part: āIt is in the public interest and the interest of justice to grant this application. No whistleblower should ever be penalised simply for making a public interest disclosure.ā
āDirecting Mr Akpabio to refer the allegations to appropriate anticorruption agencies would help to address the lingering problem of budget padding and corruption in the implementation of constituency projects.ā
āDirecting Mr Akpabio to refer the allegations to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and Economic and Financial Crimes Commission (EFCC) would also ensure probity and accountability in the budget process.ā
āInvestigating and prosecuting the allegations of budget padding and corruption would end the impunity of perpetrators. It would build trust in democratic institutions with the ultimate aim of strengthening the rule of law.ā
āYears of allegations of budget padding and corruption in the implementation of constituency projects have contributed to widespread poverty, underdevelopment and lack of access to public goods and services.ā
āAllegations of budget padding and corruption in the implementation of constituency projects have also continued to have negative impacts on the fundamental interests of the citizens in several communities and the public interest.ā
āCombating budget padding would improve access of Nigerians to basic public goods and services, and enhance the ability of ministries, departments and agencies to effectively and efficiently discharge their constitutional and statutory responsibilities.ā
āSection 15(5) of the Nigerian Constitution requires public institutions to abolish all corrupt practices and abuse of power.ā
āSection 16(2) of the Nigerian Constitution further provides that, āthe material resources of the nation are harnessed and distributed as best as possible to serve the common good.āā
āSection 13 of the Nigerian Constitution imposes clear responsibility on the National Assembly including the Senate to conform to, observe and apply the provisions of Chapter 2 of the constitution.ā
āSection 81 of the Nigerian Constitution and sections 13 and 18 of the Fiscal Responsibility Act constrain the ability of the National Assembly to unilaterally insert its own allocations in the budget without following the due process of law.ā
āNigeria has made legally binding commitments under the UN Convention against Corruption to ensure accountability in the management of public resources.ā
āArticles 5 and 9 of the UN Convention against Corruption also impose legal obligations on the National Assembly including the Senate to ensure proper management of public affairs and public funds.ā
āArticle 33 of the Convention requires government institutions including the Senate to ensure the protection of whistleblowers against any unjustified treatment. Granting this application would ensure that these commitments are fully upheld and respected.ā
āSenator Ningi is a whistleblower, who is protected under article 33 of the UN Convention against Corruption to which Nigeria is a state party. Senator Ningi is a whistleblower because of his public interest disclosures on alleged budget padding and corruption in the Senate in the context of carrying out his work as Senator.ā
āAccording to our information, Senator Abdul Ningi, the former Chairperson of the Northern Senators Forum (NSF), recently told BBC Hausa that the lawmakers sought the service of a private auditor and discovered irregularities in the budget.ā
āSenator Ningi reportedly said, āFor example, we had a budget of N28 trillion but after our thorough checks, we found out that it was a budget of N25 trillion. How and where did we get the additional N3 trillion from, what are we spending it for?.āā
āAccording to BudgIT, a total of 7,447 projects culminating in N2.24tn were indiscriminately inserted in the 2024 budget by the National Assembly. 281 projects worth N491bn, and 3,706 projects within the range of N100ā500m, worth 759bn were inserted in the budget.ā
No date has been fixed for the hearing of the suit.
Kolawole Oluwadare
SERAP Deputy Director
7/04/2024
Lagos, Nigeria
Emails: info@serap-nigeria.org; news@serap-nigeria.org
Twitter: @SERAPNigeria
Website: www.serap-nigeria.org
For more information or to request an interview, please contact us on: +2348160537202
