Author: Naija Daily News

By Didimoko A. Didimoko, with agency report Governor Siminalayi Fubara of Rivers State is walking a tight rope after the Supreme Court of Nigeria ruling on Friday stopped the Central Bank of Nigeria and the Accountant General of the Federation from releasing the state’s allocation. The ruling by a 5-man panel averred that the 2025 appropriation bill must be duly passed by the embattled Speaker of the Rivers State House of Assembly, Rt Hon Martins Amaehule and 26 others, who are supporters of former Governor Nyesom Wike. The governor had presented the budget to four of the 31-member Assembly, who…

The senator representing Kogi Central, Natasha Akpoti-Uduaghan, has leveled serious accusations of sexual harassment against Senate President Godswill Akpabio during a live television interview. This explosive claim comes at a time when tensions between the two have been running high, following a public disagreement over a seat allocation. Last week, Akpabio assigned a new seat to Natasha, which she promptly rejected, sparking media frenzy and drawing attention to their strained relationship. During an interview on Arise TV on Friday, February 28, 2025, Natasha revealed her side of the story, stating that her troubles in the Senate began when she refused…

An Indian national, Chandra Singh, has been sentenced to 10 years in prison by the Lagos State High Court in Ikeja for procurement fraud totaling N816,361,386.75. The conviction followed a case filed by the Economic and Financial Crimes Commission (EFCC), with Justice I.O. Ijelu presiding over the proceedings. Singh had been brought before the court on November 24, 2022, facing 19 charges related to bribery and the retention of stolen property. The EFCC accused him of misappropriating funds while employed at African Natural Resources and Mines Limited. Specifically, the charges claimed that Singh had influenced his employer to award contracts…

By Douglas Maha, Abuja The Federation Account Allocation Committee (FAAC) has distributed N1.703 trillion in January 2025 revenue to the federal, state, and local governments. This decision was made during the February 2025 FAAC meeting held in Abuja, following a prior deadlock over alleged discrepancies in the funds remitted by the Nigerian National Petroleum Company Limited (NNPCL). The breakdown of the N1.703 trillion in total distributable revenue comprises different sources, including statutory revenue, Value Added Tax (VAT) revenue, electronic money transfer levy revenue, and an augmentation allocation. This distribution process ensures that all levels of government are funded adequately for…

Bitcoin has entered a corrective phase, falling below $80,000 and losing nearly 37% from its peak of $109,000 reached in January. This sharp decline has affected the entire cryptocurrency market, erasing the gains made in 2025. The Crypto Fear and Greed Index has dropped to 10, indicating “Extreme Fear,” the lowest level seen in two years. One of the main drivers of this downturn is the escalating trade tensions between the United States and several of its key trading partners, including China, Canada, and Mexico. President Trump’s announcement of new tariffs on imports from these countries created significant market disruption.…

On Thursday, several members of the Lagos State House of Assembly firmly rejected Mudashiru Obasa’s attempt to reclaim his position as Speaker, emphasizing that Mojisola Meranda, who was elected after Obasa’s removal on January 13, remains the rightful Speaker. The crisis in the assembly was sparked off after Obasa’s removal, and reports suggesting that President Bola Tinubu, who hails from the state was a two-term governor, was displeased with the decision to oust the six-time lawmaker. Naija Daily News reports that the leadership of the All Progressive Congress and other stakeholders, including the Governor Advisory Council, GAC, had moved in…

By Didimoko A. Didimoko Gospel music sensation, Mercy Chinwo, made history by winning the Best Gospel Artist award at the Trace Awards 2025 on Wednesday, February 26. The event, held at The Mora Resort in Zanzibar, Tanzania, celebrated musical excellence and featured top artists like Rema, Wizkid, Tyler, Josey, and Stonebwoy. Her win was especially significant to Nigerians, as she triumphed despite a public royalty dispute with her former manager. In her acceptance speech, Mercy thanked God and her supporters, saying, “This victory is not just mine but for everyone who believes in the power of gospel music.” Known for…

In February 2025, Nigerian troops conducted successful internal operations, resulting in the deaths of 217 terrorists and the arrest of 574 others. This information was revealed by the Defence Headquarters (DHQ), with Major General Markus Kangye, Director of Defence Media Operations, sharing the details in an official statement. The operations also saw 152 terrorists surrendering to the troops, while 320 hostages were rescued. Additionally, Major General Kangye reported the arrest of 122 individuals suspected of involvement in oil theft. The troops also confiscated stolen goods worth a total of N2,199,914,942. He further detailed the recovery of 296 weapons and 7,245…

Senator Natasha Akpoti-Uduaghan, representing Kogi Central, has vowed to expose the leadership style of Senate President Godswill Akpabio after a recent clash over a seating arrangement dispute. The altercation led to her referral to the Senate’s Ethics and Disciplinary Committee. In a statement on her Instagram, Akpoti-Uduaghan expressed her readiness to appear before the committee but demanded that the proceedings be open to the public, calling for the probe to be broadcast live. She urged Nigerians to watch and be part of the investigation. “Good morning, courageous people of Kogi Central, Kogi State, and Nigeria,” she wrote. “Although I have…

By Deborah Nnamdi The Federal High Court sitting in Abuja on Thursday fixed November 3 for the arraignment of three staff members of the Central Bank of Nigeria, CBN, that allegedly defrauded the Federal Government to the tune of $ 6.3 million. The defendants- Adamu Abubakar, Imam Abubakar, and Odoh Ochene- were said to have used bogus letters from the Presidency and the Office of Secretary to the Government of the Federation (OSGF) before the 2023 general elections. According to the prosecution, the trio, armed with the fake letters, obtained the money in cash from the apex bank on a…