News
Release South East Development Commission funds to avoid agitation in South East—-Igbo youths to Federal Government
The South East Youth Forum (SEYF) has urged the Federal Government to immediately release funds for the South East Development Commission (SEDC), warning that delays are worsening frustrations in the region.
Deputy Speaker of the House of Representatives, Benjamin Kalu, had earlier revealed that despite presidential assent, board appointments and an approved budget, the SEDC has yet to receive its operational funds.
Speaking in a statement on Thursday, SEYF convener, Obiora Osunkwo, described the withholding of funds as a betrayal of promises made when the SEDC was established.
“The inability of the SEDC to access its approved funds has rendered the commission handicapped and incapable of delivering the reconstruction, reintegration and reconciliation that the people of the South East were promised,”
He noted that the region has waited decades for the implementation of the “three Rs,” adding that the creation of the commission was seen as the tool to deliver those guarantees.
“We remind Mr President that the agitation in the South East remains intense and that promises unfulfilled deepen frustrations and widen the trust deficit between the region and the centre,”
The youth forum warned that withholding funds undermines peacebuilding, stressing that development across agriculture, infrastructure, energy, trade and technology was essential for reducing insecurity.
News
EFCC evicts Malami from Abuja home amid forfeiture dispute
Former Attorney-General Abubakar Malami says Economic and Financial Crimes Commission operatives forcefully evicted him and his family from their Abuja residence despite ongoing court proceedings over the property’s forfeiture.
He described the action as unlawful and vowed to challenge it in court.
Business
Fuel price hike: Gov Makinde announces N10,000 transport support for workers
The governor of Oyo state, Seyi Makinde, has approved a N10,000 transportation allowance as a palliative for the state workforce to cushion the effects of the increase in the pump price of Premium Motor Spirit, otherwise known as petrol.
The Chairman of the Nigeria Labour Congress (NLC), Oyo State chapter, Kayode Martins, in a statement released on Monday, March 23, disclosed that the governor has granted the request of the union on the issue of transportation allowance.
The statement read
“Following the intervention and formal request made by the State Council of the Nigeria Labour Congress (NLC) earlier this morning, the state government has approved a N10,000 transportation allowance for all workers in the state.
The newly approved allowance is set to take effect from April 2026, providing much-needed relief to workers grappling with rising transportation costs amid current economic challenges.
This development comes as a direct response to sustained advocacy by the state NLC, aimed at cushioning the impact of increased living expenses on the workforce.
Further details on implementation are expected to be communicated by the relevant government authorities in due course.”
News
Former Acting Accountant-General of the Federation bags 72years imprisonment for diverting N868.46 million security funds
Justice James Omotosho of the Federal High Court in Abuja, on Monday, March 23, convicted and sentenced Chukwunyere Nwabuoku, former acting Accountant-General of the Federation (AGoF), to a 72-year jail term without an option of fine.
DailyTrust reports that in the judgment delivered, Justice Omotosho held that the Economic and Financial Crimes Commission (EFCC) had been able to prove the nine-count money laundering charge beyond reasonable doubt.
According to the judge, the defendant is hereby convicted as charged.
Justice Omotosho convicted Nwabuoku in all the nine counts and sentenced him to eight years imprisonment in each of the counts, making 72 years.
The judge, however, ordered that the counts shall run concurrently.
Justice Omotosho, who described Nwabuoku’s act of diverting funds meant for security and defence while he served as Director of Finance and Account in the Ministry of Defence as “appalling,” commended the EFCC for being detailed in its prosecution.
The judge observed that the evidence of the 9th prosecution witness that Nwabuoku voluntarily refunded part of the siphoned money of over N200 million during investigation was not controverted by the defence.
Nwabuoku served as the Director of Finance and Accounts in the Ministry of Defence between 2019 and 2021. He became acting Accountant General of the Federation in May 2022.
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