The military has vowed to rescue the over 200 schoolchildren who were recently abducted by bandits in Kaduna State.

While addressing a press conference in Abuja on the activities of the Armed Forces in the last two weeks, the Director of Defence Media Operations, Major General Edward Buba, says the military is committed to rescuing all kidnapped victims unhurt.

The defence spokesman during the Thursday event, however, blamed school owners for failing to report cases of abduction to security agencies on time.

He also blamed the recent kidnapping of some internally displaced persons in Gamboru-Ngala, Borno State on their disobedience to instructions as they left the camp in search of firewood without informing camp officials.

The abduction of 287 students in Kaduna State has triggered a flurry of comments from authorities in Nigeria.

In the wake of the abduction, President Bola Tinubu mandated security agencies to fish out the kidnappers and rescue the students, insisting his government would not pay ransom.

The Minister of Information and National Orientation Muhammad Idris said this on Wednesday after the Federal Executive Council (FEC) meeting in Abuja.

He told State House Correspondents that President Tinubu also reiterated his directive to the defence to ensure that the children are rescued and brought back safely to their homes.

The minister reiterated that under the current government, kidnapping, especially mass abduction will not be tolerated.

The Katsina State Command of the Nigerian Customs Service (NCS) on Wednesday handed over six trucks and their contents to the owners as directed by President Bola Tinubu.

The released trucks were mostly intercepted along the Kongolam Border Patrol Checkpoint in Mai-Adua Local Government Area of Katsina State.

The presidential directive aimed to ensure food security and alleviate the hardship faced by most citizens of the country.

The Katsina State Customs Area Comptroller Muhammad Umar while releasing the trucks loaded with assorted grains that were hitherto under the custody of the Nigerian Customs Service recalled that the Controller General of Customs, Bashir Adewale Adeniyi, had during his official work visit to Katsina, passed across the presidential directive which mandated the return of the detained food items to the owners on the condition that they would be sold within the Nigerian market.

He announced that the released trucks will be closely monitored by the Katsina Customs Area Command in collaboration with the Customs Intelligence Unit, Federal Operation Unit, and the Joint Border Patrol Team, to ensure that they are not smuggled out of the country again.

He added that the service is committed to fostering constructive dialogue and collaboration with the border communities to ensure prosperity and security in the whole thing.

He, therefore, pleaded with the general public to provide information that would assist in curtailing the smuggling of foodstuff out of the country.

In his remarks during the brief ceremony, the Chairman of the State Taskforce Committee on Food Security and Promotion, Jabiru Abdullahi Tsauri, warned smugglers and owners of the released trucks to adhere strictly to the presidential directive by selling these assorted grains to Nigerians particularly citizens of Katsina State.

“We have already instructed the Local Government Chairmen to form a Committee to monitor strictly in conjunction with the task force, the sales of these Grains,” Tsauri added.

The N1.1tn Federal Capital Territory Appropriation Bill, 2024 has scaled the second reading at the Senate.

A breakdown of the N1.1tn showed that N280bn was booked for overhead, N726bn for capital projects, and N140bn for what was termed “personnel”, bringing the total budget to N1.147tn.

Leading the debate on Thursday, the sponsor of the bill and Senate leader, Opeyemi Bamidele, noted that the appropriation bill took into cognisance the FCT administration’s revenue and expenditure forecasts which are in tandem with fiscal and developmental policies of the Federal Government.

It also contemplates the consideration of the 2024-2026 Economic Recovery Growth.

During the debate, President of the Senate, Godswill Akpabio, assured that the bill presented earlier than usual will be expeditiously considered and passed to encourage the minister of the FCT to advance reforms in the nation’s capital.

The bill has been referred to the committee on the FCT to report back on the next legislative session.

Labour Party (LP) standard bearer in the 2023 presidential election, Mr. Peter Obi, has admonished the Senate to come clean and clear all the allegations of N3 trillion padding in the 2024 budget.

Obi on his X handle yesterday told the upper chamber that Nigerians deserve to know the truth about the allegations, especially as the Senate and the executive arm of government are singing discordant tunes on the matter and fresh allegations cropping up on the sharing of constituency funds in the budget.

The former Anambra State governor said, “The fuss over the alleged N3 trillion padded into the 2024 budget raised by a senator still rages as the Senate reaction of suspending the whistle-blower has not addressed vital issues emanating from the allegation.

“The senator is insisting on his allegation and the executive agreed that there was only N1.2 trillion padded not N3 trillion as alleged by the Senate.

“Fresh allegations have also cropped up over indiscriminate and unbalanced allocation of constituency projects by the Senate leadership.

“A civic group, Budgit, through their official, has also added their voice to agree with thes. They alleged that there was no detailed project allocations for about N3.7 trillion in the 2024 Appropriation Act.

“As the Senate suspension of the senator involved has not addressed the issue, they still owe the Nigerian public a clear clarification over the various claims and counterclaims, including that of the executive arm, to be able to know exactly what is happening, and also disclose to the public, the amounts allocated for constituency projects for appropriate monitoring of implementation by the public.

“I had particularly elucidated in my earlier comment on what we can use the N3 trillion to achieve, by showing that it is more than the national budget of the two most critical components of the human development index, health and education, combined.

“Now that the executive arm has accepted that the padded amount is only N1.2 trillion, it is still a very significant amount, when you consider that it is almost 5 times the N251.47 billion proposed for Universal Basic Education, which is the foundation of education, in the Country.

“Today in Nigeria, the greatest challenge to human resource development is education, which has been identified as most critical at the basic level. Nigeria has about 20 million out-of-school children today because of the poor investment in education. These are resources that would have been utilised to ensure that our children are taken off the streets and returned to schools…

“We must, as a matter of urgency, put a stop to all the wastage of our scarce resources, amid the excruciating hardship in the country. Let every penny of our public fund be used for public good. That is the only way to achieve the New Nigeria we are working towards,” Obi added.

The Federal Government of Nigeria has announced its plans to issue a Eurobond, marking its return to the international bond market since its last issuance in March 2022.

For this venture, the government has enlisted the services of leading global investment banks, including Citibank NA, JPMorgan Chase & Co, and Goldman Sachs Group Inc., along with Standard Chartered Bank and the Lagos-based Chapel Hill Denham, as advisors.

According to Punch, the upcoming Eurobond issuance, expected to occur before June, represents a pivotal moment for Africa’s largest oil-producing nation as it seeks to re-engage with global financial markets.

This initiative is part of a broader strategy to finance the significant budget deficit outlined in President Bola Tinubu‘s N28.8 trillion ($18 billion) spending plan for 2024, which projects a fiscal shortfall of N9.8 trillion, or 3.8 percent of the GDP.

The exact size of the Eurobond offer has yet to be determined.

However, sources close to the transaction, who preferred to remain anonymous, told the platform that Nigeria could aim to secure up to $1 billion in international loans throughout 2024.

This external financing is deemed critical for the country to manage its ambitious fiscal deficit. The shortfall is expected to be covered through a mix of local and international borrowings, alongside support from global financial institutions.

In a related development, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed that the decision to issue Eurobonds was influenced by the potential for lower interest rates and ongoing economic reforms.

Since taking office in May 2023, President Tinubu has introduced several policies to attract foreign investment and revitalise the economy.

These include two devaluations of the naira to establish a more flexible exchange rate regime and the controversial removal of fuel subsidies.

Furthermore, the Federal Government has disclosed plans to borrow N450 billion from its third FGN bond auction of 2024, a significant reduction from the N2.5 trillion target of the previous month.

According to the Debt Management Office (DMO), this auction will feature a new 3-year bond and the reopening of existing bonds, with the collective aim of financing the 2024 budget deficit.

With the DMO’s recent circular announcing the auction details, including the offer of three different bonds, each with an allocation of N150 billion, the government’s N450 billion borrowing target for March 2024 is set.

The Federal Government has filed a Charge, bordering on terrorism, against the President of the Miyetti Allah Kautal Hore, Bello Bodejo.

Bodejo has been in the custody of the Defence Intelligence Agency since his arrest on January 23.

The Miyetti Allah leader was arrested in Nasarawa State days after the organisation launched a vigilante group named, Kungiya Zaman Lafiya.

At the inauguration of the 1,144-man Fulani outfit on January 17, 2024, Bodejo said the move was to tackle banditry, cattle rustling and all forms of insecurity in Nasarawa State.

Following his arrest, the Miyetti Allah leader filed a fundamental rights suit before the Federal High Court in Abuja to challenge his prolonged detention.

In response, the Attorney General of the Federation, Lateef Fagbemi(SAN), on February 5 filed a motion ex parte, seeking to remand Bodejo pending the conclusion of the investigation and arraignment in court.

Justice Inyang Ekwo, who is hearing Bodejo’s suit, granted the Federal Government permission to detain him for 15 days in the custody of the Defence Intelligence Agency.

Subsequently, the judge ordered the Federal Government to either file charges against the Miyetti Allah leader or release him.

At the resumed proceedings on Wednesday, the judge asked the counsel for the prosecution, Y.A. Imana, if charges had been filed against Bodejo.

“The court made an order that you should charge the defendant before a court of competent jurisdiction. Where is the evidence that you filed before this court?” The judge demanded.

In response, the lawyer told the judge, “It was filed yesterday.”

The judge, however, said the charge was not before him.

Our correspondent also observed that the DIA did not bring Bodejo to court.

However, in the charge sheet sighted by the correspondent, the Federal Government accused Bodejo of establishing an ethnic militia group without authorisation.

The Federal Government stated that Bodejo’s action was “prejudicial to national security and public safety and punishable under Section 29 of the Terrorism (Prevention and Prohibition) Act 2022.”

Bodejo’s lawyer, Mohammed Sheriff, subsequently urged the court to hear his bail application pending his client’s arraignment.

The prosecution counsel, however, opposed the prayer for bail.

“We pray this court will dismiss the application of the defendant because it is a matter that touches on national security,” the Federal Government’s lawyer said.

Justice Ekwo adjourned till March 22 for ruling on Bodejo’s bail application.

Meanwhile, some members of Miyetti Allah Kautal Hore, in their numbers, stormed the Federal High Court in Abuja, on Wednesday, to demand Bodejo’s unconditional.

They held a big banner bearing a large picture of Bodejo and the inscription “Free Bello Bodejo”. Others, mostly women, lined along the road with placards in hand.

Speaking on behalf of the protesters, Kabir Matazu, decried the DIA’s disobedience to court orders directing that Bodejo be tried or released.

He said, “We are in a democratic society and in a democratic society, respect for the rule of law is the building block for democracy to thrive. You cannot arbitrarily arrest and detain an individual without a charge against him.

“That’s why we have gathered our members from across the country to come here to agitate and also make our voice heard that the Nigerian security agencies should, without further delay, free and release him unconditionally.”

Matazu lamented that Bodejo’s family and friends had yet to see him since he was arrested.

Matazu said, “It is sad that up till now, his family members were not granted access to see him.

“He is not a criminal. He has no criminal record. He will not run away and leave this country. So, if not because of the failure of our security agencies, there are bandits in the forest who they should have gone after.”

The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari, has decried the country’s high crude oil theft rate.

Kyari, who spoke during the oversight function conducted by the House of Representatives Special Committee on Oil Theft at the NNPCL headquarters in Abuja, on Wednesday (today), revealed that the company documented 9000 infractions on its pipelines within a single year.

According to him, from 2022 to the present, the company has shut down 6,465 illegal refineries.

Kyari noted further that out of the 5,570 illegal connections discovered, 4,876 have been removed from the pipelines.

The NNPCL boss expressed uncertainty regarding whether this was the actual number of illegal connections.

He said, “Some of the scale of the infraction that we see is unbelievable; we are not able to deal with it. When you remove one connection, the next day in the same location, someone will replace it.

“Crude oil theft is almost an end-to-end issue in Nigeria; it is very obvious that everyone is involved.

“In most of these locations, they are less than a hundred meters from the settlement; some are even less than a hundred meters from the local government headquarters.”

Kyari said that notwithstanding the distance, “these evils are being perpetrated unabated, adding that this makes it impossible to guarantee the production that would happen the next day.”

He mentioned that the primary concern was security, and highlighted that the NNPCL took steps to address the problem of pipeline vandalism by uniting all security agencies under one platform, which also included private security firms.

Kyari said: “It is very obvious that despite all the integrity issues with our pipeline and our facilities, we have capacity beyond 2 million barrels per day without doing anything.

“But today, we are struggling to meet the budget estimate of 1.6 million barrels per day. This by no means is related to crude oil theft.

“In 2022, it became so obvious that if something dramatic is not done, we are going to run into trouble. On a specific date, our production came down to as low as 1.1 million barrels per day. And on a particular date, we have gone below a million barrels,” Daily Trust quoted Kyari saying.

On his part, the Chairman of the Special Committee, Rep. Alhassan Ado-Doguwa, emphasized the significant difficulties faced in operating oil and gas pipelines in Nigeria.

He highlighted the frequent occurrences of infractions and damages to these pipelines on a weekly basis.

Additionally, he expressed concern over the continuous breaches at oil well heads, flow stations, loading, and export terminals.

Ado-Doguwa also raised an alarm regarding the lack of transparency in regulatory activities at Nigeria’s crude oil export terminals.

He said, “We are compiling the facts and figures. Instances, where approvals are hastily granted to vessels involved in crude theft just to cover official complicity, are reported.

“Incidences of undeclared liftings are noted, and all these and several other infractions, particularly in our offshore marine environment, contribute to the huge volume of crude oil theft being reported.”

In his opinion, there is no denying the fact that Nigeria has been plagued by extensive crude oil theft and pipeline vandalism, with a significant portion of these incidents taking place in the Niger Delta region.

President Bola Ahmed Tinubu has lifted the ban on trade relations with the Republic of Niger and Republic of Guinea.

This was made known in a statement by the spokesperson to the President.

According to the statement, President Bola Tinubu also directed the opening of Nigeria’s land and air borders with Niger with immediate effect.

The directive is in compliance with the decisions of the ECOWAS Authority of Heads of State and Government at its extraordinary summit on February 24, 2024, in Abuja.

ECOWAS leaders had agreed to lift economic sanctions against the Republic of Niger, Mali, Burkina Faso, and Guinea.

“The President has directed that the following sanctions imposed on the Republic of Niger be lifted immediately:

“Closure of land and air borders between Nigeria and Niger Republic, as well as ECOWAS no-fly zone on all commercial flights to and from Niger Republic.

“Suspension of all commercial and financial transactions between Nigeria and Niger, as well as freeze of all service transactions, including utility services and electricity to Niger Republic.

“Freeze of assets of the Republic of Niger in ECOWAS Central Banks and freeze of assets of the Republic of Niger, state enterprises, and parastatals in commercial banks.

“Suspension of Niger from all financial assistance and transactions with all financial institutions, particularly EBID and BOAD.

“Travel bans on government officials and their family members,” the statement read in part.

Tinubu also approved the lifting of financial and economic sanctions against the Republic of Guinea.

The Presidential team on communications has given clarifications on the suspended student loan scheme noting that it was suspended partly to put finishing touches to ensure that the less privileged in the society actually get to benefit.

Recall that the Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer, had announced the indefinite postponement of the scheme during a TV interview on Tuesday.

President Tinubu had on June 12, 2023, signed the Access to Higher Education Act, 2023 into law to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.

The Act established the Nigerian Education Loan Fund, which is expected to handle all loan requests, grants, disbursement, and recovery.

The legislation provides for the establishment of the Nigerian Education Loan Fund, which will have the power to administer, supervise, coordinate, and monitor the management of student loans in the country.

Based on the provisions of the legislation, the fund is expected to receive and screen applications for student loans through higher institutions on behalf of the applicants.

Fielding questions from State House correspondents after the Federal Executive Council, FEC, meeting presided over by President Tinubu at the Council Chamber, Presidential Villa, Abuja, the Minister of Information and National Orientation, Mohammed Idris, said: “In addition to that, you know that the President has also introduced the issue of social security and consumer credit. We mentioned that in the last press briefing we had.”

“So all these are being taken together and Mr. President is not stopping or suspending the students’ loan. Indeed, he’s ensuring that it comes about strongly so that Nigerians and especially the families of the less privileged, take advantage of that so that they can get education.”

Similarly, the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, stated that final touches are being put in place to enable proper launch of the scheme which he described as the President’s flagship programme.

Onanuga disclosed that there will be a new date to launch the student loan scheme, it’s not forgotten.

“There are some things that need to be rearranged so that it can be launched properly. I think that’s what’s happening.

“So the President is committed to it, you know it’s one of his flagship programmes and he wants to get it done as quickly as possible,” he said.

Senator Abdul Ningi says the can of worms he opened in the Senate cannot be controlled.

The Senate slammed a 3-month suspension on Ningi, lawmaker representing Bauchi Central, over the allegations that N3.7 trillion was not traceable to any project in the 2024 budget.

The lawmaker made the claim in an interview he granted to BBC Hausa over the weekend.

Based on the wide interest generated by the issue, Ningi had addressed the media ahead of the next plenary sitting, saying although he was misrepresented in some quarters, he stood by what he said and was ready for any consequence.

Expectedly, when the upper legislative chamber sat on Tuesday, the issue was discussed as some of Ningi’s colleagues called for his suspension.

After Senator Olamilekan Adeola from Ogun West moved a motion for the issue to be discussed, the senate descended into chaos as Jarigbe Jarigbe, senator representing Cross River north, claimed that some “senior senators” got N500 million in the budget for constituency projects.

“Let us wash our dirty linen in public. If we want to go into those issues, all of us are culpable. Some senators here… so called ‘senior senators’… got N500 million each. I am a ranking senator, so I didn’t get. Did I go to the press?”

The discussion has dominated the media as many Nigerians have been asking their representatives at the senate to comment on the amount they got.

Speaking on the development when he featured as a guest on Arise TV after the suspension, Ningi claimed that members of the Senate were determined to get him silenced or arrested.

He said: “That is why I said I know this parliament very well, I have come a long way. And that is why we are speaking. Let’s speak. Have they ever asked me since the beginning of this so-called crisis, where are your findings? Where are the documents? I’m not using my head to come up with figures.

“Nobody has talked to me about evidence. Nobody has suggested even listening to me. All they are trying to do is to ensure that ‘how do we make sure that Ningi is silenced or arrested so that he doesn’t do anything?’. I have opened this can of worms. Neither they nor I will be able to control it.”