NEWS
Revised 2022 fiscal framework gets senate’s approval
The request by President Muhammadu Buhari for revision of the 2022 fiscal framework was approved by the senate after consideration of the report of the Finance Committee on Thursday.
This was just as the senate President Ahmad Lawan, asked the Federal Government to do all within it’s power to stop the theft of crude oil by economic saboteurs.
He also threw another challenge on the need to stop the importation of refined petroleum products into the country, to cut down on expenditures.
The approval for the revised fiscal framework came after the consideration of a report by the Senate Committee on Finance.
The report was laid by the Chairman of the Committee, Senator Olamilekan Adeola.
The Senate approved US$73 per barrel as proposed by President Buhari.
It also approved an Oil Production Volume of 1.600 million per day; a Petroleum Motor Spirit (PMS) subsidy of N4.00 trillion (NGN); and a cut in the provision for Federally-funded upstream projects being implemented by N200 billion from N352.80.
While approving an increase in the Federal Government Independent Revenue of N400 billion, the chamber also approved an additional provision of N182.4 billion to cater to the needs of the Nigeria Police Force.
It approved debt service provision of N76.13 billion and net reductions in Statutory Transfers by N66.07 billion.
A breakdown of the net reductions is as follows: NDDC, by N13.46 billion from N102.78 billion to N89.32 billion; NEDC, by N6.30 billion from N48.08 billion to N41.78 billion; and UBEC, by N23.16 billion from N112.29 billion to N89.13 billion.
Others are Basic Health Care Fund, by N11.58 billion from N56.14 billion to N44.56 billion; and NASENI, by N11.58 billion from N56.14 billion to N44.56 billion.
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The chamber also approved the fiscal deficit of N7.35 trillion.
Adeola, in his presentation, said that the total budget deficit is projected to increase by N965.42 billion to N7.35 trillion, representing 3.99% of Gross Domestic Product (GDP).
He disclosed that “the incremental deficit will be financed by new borrowings from the domestic market.’
Lawmakers, who took turns to make contributions during consideration of the report on the review of the 2022 fiscal framework, blamed the country’s economic downturn on crude oil theft.
Senator Olubunmi Adetunmbi (Ekiti North), said the federal government and security agencies owe it as a duty to stop the stealing of our commonwealth.
He lamented that at a time when most countries of the world are reaping bountiful harvests due to the increase in crude oil prices occasioned by the Russia-Ukrainian crisis, Nigeria is left out owing to its inability to meet its OPEC quota.
The Senate Leader, Yahaya Abdullahi, who spoke along the same lines as Adetunmbi, said the country should be in a state of mourning over what is currently happening to it.
He attributed the failure of security agencies to protect oil assets as a major reason for the decline of the economy.
He expressed worry over the increasing cases of oil theft in spite of huge resources allocated to the military, police and other security agencies.
Others such as Senators Gabriel Suswam (Benue North East), and Betty Apiafi (Rivers West), called on the chamber not to hastily approve the President’s request to adjust the 2022 fiscal framework until certain questions are answered.
While Suswam raised concerns on the widening gap in the budget deficit and the federal government’s decision to resort to funding from the Capital Market, Apiafi, on the other hand, demanded answers from the NNPC and relevant agencies on solutions in place to curb crude oil theft.
The Senate President, Ahmad Lawan, in his concluding remarks, called on the Federal Government to take “radical” steps toward stopping the theft of crude oil by economic saboteurs.
He also called for a stop to the importation of refined petroleum products into the country, so as to cut down on expenditures incurred in the process, as well as to maximize profits from crude oil sales.
“This (crude theft) is not something to play politics with, and I don’t think the answers are going to be easy to come by.
“Radical decisions would have been taken, but before we find answers we have to live with this, but we have to be fast as possible in looking for answers.
“I had a session with the Chief of Defence Staff about a month ago, and my discussion with him was on the oil theft and the efforts of our security agencies to combat this menace.
“And like we know, our security agencies are doing their best but we have people – our people – who are sabotaging the oil industry, because the oil theft is not perpetrated by somebody else but by people who are citizens.
“So, we need to continue to support the security agencies in whatever way possible so that they are able to deal with this.
“I also believe that, whether there is oil theft or not, until we stop the importation of refined products to Nigeria, we will never get the best out of the oil and gas industry.
“So, we should work to ensure that we produce our refined products locally because that is one way of cutting out our expenditure on importation.
“I also think that diversification of the economy is key because we depend so much on this oil and gas industry, the slightest issues that affect it internationally affect us seriously in our country”, the Senate President said.
NEWS
INEC Chairman Assures on 2027 Elections
There is no plan to shift Nigeria’s 2027 general elections.
The Chairman of the Independent National Electoral Commission (INEC), Prof Joash Amupitan, made the declaration at an interactive meeting with staff members in the six states of the South-South geopolitical zone and an assessment of their readiness for the 2027 general elections, held in Port Harcourt, Rivers State, on Saturday.
Amupitan maintained that the poll had been fixed with preparations in top gear, hence the commission would not alter the timetable. He insisted that the elections must be held as scheduled.
This comes amid claims by some political parties that INEC plans to shift forward the general elections.
But addressing the commission’s staff, including Resident Electoral Commissioners in the six states of the zone, Amupitan noted that the commission’s statutory timeline for the elections had been fixed and would not be changed for any reason.
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According to him, the INEC was committed to delivering credible elections in line with the provisions of the law.
“Our statutory timeline is fixed. We will not change anything. The election must hold as scheduled,” the INEC boss declared.
Amupitan disclosed that the commission would pay special attention to Rivers State in the forthcoming elections due to its strategic position in the zone and because it has the highest number of registered voters in the South-South region.
He outlined that Rivers had 3,736,434 registered voters, followed by Delta State with 3,525,988; Edo, 2,865,263; Akwa Ibom, 2,566,198; Cross River, 1,928,978; and Bayelsa, 1,200,691.
Amupitan said the six states in the zone had a total of 15,823,550 registered voters, but that the electoral umpire would pay closer attention to Rivers because of its electoral significance in the region.
He stated, “With the 3,736,434 registered voters for Rivers State, the state leads the South-South. By this, the commission will put more attention to what happens in Rivers State. It is your duty to ensure that no voter is disenfranchised because of operational failures.”
Amupitan further said INEC had published the voters’ register online and at designated locations, adding that it had received over 5,000 claims relating to corrections, including names and dates of birth, and more than 600 objections, which were being addressed to ensure a credible voter register ahead of the elections.
The INEC boss announced that the final voters’ register would be released on December 15, even as he reiterated the commission’s determination to resolve all outstanding issues before the deadline.
While noting that the commission had initially considered revalidating the voters’ register upon assuming office, he said the idea was dropped following concerns that the exercise would be too close to the general elections.
He also expressed confidence in the commission’s capacity to conduct peaceful, transparent and credible elections, citing lessons learnt from recent off-cycle governorship elections, particularly the Osun State election.
Amupitan noted that the Osun election recorded the highest voter turnout in the history of off-cycle elections in the country and was adjudged locally and internationally as credible despite earlier security concerns.
“Osun State elections gave us the confidence that we can achieve this despite the noise. It is good that we had a series of those elections before the general elections because we learn lessons from every election,” the INEC Chairman stated.
The INEC, he stated, would use the experience garnered from the off-cycle elections to improve its preparations for the 2027 general elections and expressed optimism that they would be better than the off-cycle polls.
He further said the commission was determined to conduct elections that would advance the country rather than create further challenges.
Amupitan said, “We will conduct elections that will move the nation forward and not an election that will bring it down.”
On the issue of security during the elections, he said the commission was working with security agencies, including the police and the Department of State Services, to guarantee the safety of voters, electoral personnel, ad hoc staff and election materials.
Amupitan further said that the INEC would not encourage Nigerians to collect their Permanent Voter Cards and subsequently fail to guarantee their safety when they turn out to vote.
“We want every part of Nigeria to be calm during the elections so that people can come out to vote. We will not tell them to take their PVCs and then will not guarantee their safety,” he said.
Amupitan dismissed fears that Artificial Intelligence (AI) and algorithms could determine the outcome of the 2027 elections, insisting Nigerians would determine the outcome and not AI.
According to him, “It is the people of Nigeria that will decide the outcome of the elections and not AI or any algorithms.”
He, however, warned about the growing cybersecurity threats associated with AI, noting that the commission would explore ways to deploy technology to protect its systems against possible attacks.
Amupitan said the INEC was also working to strengthen the security of its digital infrastructure, adding that the commission would not allow anyone to undermine its operations.
He urged staff of the commission across the South-South to remain committed to their responsibilities, stressing that the success and credibility of the elections would be determined by their conduct at the polling units and other field locations.
He also warned that any staff of the commission and its ad hoc staff, including members of the National Youth Service Corps, who tried to compromise the elections in their areas of assignment would be punished according to the law.
NEWS
Tinubu Hails EFCC as FBI Commends Nigeria Over International Child Sextortion Crackdown
President Bola Ahmed Tinubu has commended the Economic and Financial Crimes Commission (EFCC) following recognition by the United States Federal Bureau of Investigation (FBI) of Nigeria’s role in an international operation targeting sextortion networks exploiting minors.
The commendation followed a letter from FBI Director Kash Patel to EFCC Chairman Ola Olukoyede, acknowledging the Commission’s contribution to Operation Artemis, a joint investigation targeting criminal networks involved in the sexual exploitation and extortion of children.
Bayo Onanuga, Special Adviser to the President on Information and Strategy, disclosed this in a statement released on Saturday.
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The operation resulted in the arrest and extradition of two Nigerian suspects, Adebola Festus Adekunle and Mudasiru Afeez Olawale, in August 2026. Both suspects are facing federal charges in the United States.
In his letter, Patel credited the EFCC’s cooperation for the successful outcome of the investigation.
“The successful outcome of these cases would not have been possible without your assistance and dedication to international law enforcement collaboration,” the FBI Director wrote.
Reacting to the recognition, President Tinubu described the commendation as evidence of Nigeria’s progress in tackling financial crimes and strengthening international law enforcement cooperation.
The President praised the EFCC Chairman and his team for their professionalism and commitment, stressing that Nigeria must not become a safe haven for individuals involved in criminal activities.
“This is the kind of institutional performance we are determined to build across our country. I commend the EFCC Chairman and his team for their professionalism and dedication,” Tinubu said.
He added: “Nigeria must never become a haven for criminals who exploit innocent people, whether at home or abroad. Our law enforcement and anti-corruption institutions have my full support to pursue offenders and bring them to justice in accordance with the law.”
The President’s commendation comes amid growing international recognition of Nigeria’s efforts to strengthen its financial crime prevention framework.
Nigeria was removed from the Financial Action Task Force (FATF) grey list in October 2025 and the European Union’s list of high-risk financial jurisdictions in January 2026.
Tinubu said the developments demonstrate his administration’s commitment to improving financial integrity, restoring international confidence and creating a secure environment for legitimate businesses and investments.
“Our fight against corruption is not measured by publicity but by results. Stronger institutions, effective law enforcement and international cooperation are essential to building a Nigeria where honest enterprise can thrive, and criminals are held accountable,” the President stated.
He also urged the EFCC and other law enforcement agencies to sustain their efforts, assuring them of his administration’s continued support in protecting Nigerians, combating financial crimes and strengthening the country’s relationship with international partners.
NEWS
FRSC Begins Five-Day Nationwide Crackdown on Fake, Obsolete Number Plates
The Federal Road Safety Corps (FRSC) is set to begin a five-day nationwide enforcement operation targeting motorists using fake, covered, defaced and obsolete vehicle number plates.
The operation, code-named Operation Guduma Phase Two, will run from Monday, November 2, to Friday, November 6, 2026, as part of efforts to strengthen road safety enforcement and address security concerns linked to fraudulent vehicle registration plates.
The announcement was contained in a statement issued on October 31, 2026, by the Corps Public Education Officer, Osondu Ohaeri, at the FRSC National Headquarters in Abuja.
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The exercise, approved by the Corps Marshal, Shehu Mohammed, will be conducted across selected states, with designated senior officers assigned to coordinate and supervise the operation.
The renewed crackdown follows the first phase of Operation Guduma conducted in May 2026, during which the FRSC recorded 1,691 arrests across 11 states.
According to the Corps, 1,003 motorists were arrested for various number plate-related offences, while 683 were apprehended for overloading and mixed-loading. Five others were arrested for using fake diplomatic number plates.
The FRSC said the second phase was prompted by growing concerns raised by the Office of the National Security Adviser (ONSA) over the increasing use of fake, covered, defaced, obsolete and counterfeit diplomatic number plates.
It warned that vehicles operating with fraudulent or unidentifiable registration plates could allow criminal elements to evade identification, undermine security surveillance and frustrate investigations.
Beyond the enforcement of vehicle registration regulations, the operation will also focus on maintaining free-flowing traffic along designated corridors, emergency rescue interventions and the prompt clearance of road obstructions.
Speaking ahead of the exercise, Corps Marshal Shehu Mohammed warned that the use of fake, concealed, defaced or obsolete number plates would no longer be treated as a minor traffic offence because of its implications for public safety and national security.
He urged motorists to ensure their vehicle registration plates are genuine, valid, clearly visible and properly displayed, while calling on members of the public to cooperate with FRSC personnel during the operation.
Mohammed also directed officers participating in the exercise to discharge their duties professionally, maintain discipline and respect the rights of citizens.
He particularly emphasised that engagements involving diplomatic number plates must be handled with appropriate courtesy and in accordance with applicable diplomatic protocols.





