A delegation of senators from the opposition political parties on Friday visited the suspended senator representing Kogi Central, Senator Natasha Akpoti-Uduaghan, at her home.

The delegation was led by a former Governor of Bayelsa State, Senator Seriake Dickson.

Dickson, a member of the Senate’s Committee on Ethics, Code of Conduct, Privileges and Public Petitions that recommended Akpoti-Uduaghan’s suspension, shared a photo of the visit on his social media pages.

He said his engagement with the tax reform bills had kept him away from the Senate’s proceedings on the day of Akpoti-Uduaghan’s suspension.

“The public may recall that, for the past three days, I was attending the three-day workshop on the Tax Reform Bills, which started on Wednesday 5th of March and ended this evening, Friday, 7th of March,” he said.

“This is why I was not available yesterday to sit as a member of the Committee on Ethics, Code of Conduct, Privileges and Public Petitions in respect of the issues concerning our colleague, Distinguished Senator Natasha Akpoti Uduaghan’s suspension, having been assured by the Committee Chairman that the hearing would hold on Wednesday, March 11 for which notices had already been issued. I was not notified of the emergency sitting yesterday.

“This evening, after concluding the retreat, I led a delegation of some senators of opposition parties on a visit to our colleague Senator Natasha and met with her and her husband at their home,” Dickson said.

Dickson added that as humans, senators have their low and high moments “and it is a tradition for Senators to support each other during these moments”.

“We offered words of encouragement, prayers, and advice on a quick resolution of the issues surrounding her suspension,” he added.

“Having heard more from her and her husband for the first time, I will discuss with other colleagues how to intervene and engage with the leadership of the senate to resolve the issues as soon as possible.”

Akpoti-Uduaghan was suspended last Thursday for six months after she rejected her new seat in the upper legislative chamber.

The dispute escalated into allegations of sexual harassment by the Kogi senator against the Senate President, Senator Godswill Akpabio.

Her suspension has sparked widespread debate and criticisms, particularly from women groups and civil society organisations.

The Peoples Democratic Party (PDP) and other opposition elements have condemned her suspension, saying the move reeks of a grand cover-up attempt.

[ThisDay]

A former National Vice Chairman of the Peoples Democratic Party (PDP), Olabode George, has called for a complete overhaul of the Independent National Electoral Commission (INEC).

Speaking in an interview with Saturday Tribune, George described Nigeria’s electoral process as shambolic and a disgrace.

 

While reacting to the crisis rocking the Lagos State House of Assembly, the PDP chieftain lamented the issue of godfatherism plaguing Lagos State political space.

He stated that there is no way we can talk about solving political problems without referring to the procedure by which we elect State Assembly lawmakers, senators, House of Representatives members, governors and the president.

According to him, our electoral process should be completely overhauled if we want peace and development in this country.

 

George said: “If you look at this party called APC, apart from Ganduje parading himself as chairman, who is the National Secretary of APC? Who is the National Organising Secretary of the APC? Where is their Exco? The only thing we heard recently was that they held a general assembly, is that the way to run a political party? So I am looking at it from the angle that because all these shenanigans must be explained to the electorate, the electorate holds the power to elect or sack you at the election time based on your performances and based on their perception of your management style. And you can see it is an emperor that owns that party. All those boys by their various constituencies, how did they get elected? Did the decisions to elect them come from their constituencies or it was just from one desk? Godfatherism is their major definition of a political party. If the big boss doesn’t say you are free to go, you can’t go. So the decision is not with the constituency and the people. The real owners of governance are the people; that is the essence of democracy. They elect who they want and when you don’t perform, by next election they throw you out.

“But you see the mess we call INEC? I am now trying to explain the fallout, the lackluster approaches to solve political problems in this country. There is no way we can talk about it without referring to the procedure by which we elect State Assembly lawmakers, senators, House of Representatives members, governors and the president. It is shambolic, it’s a complete disgrace, it should be completely overhauled if we want peace and development in this country. we have to completely overhaul this INEC, the personalities there, because they bought the system, they bought the equipment, the computers so that all these interlopers who write things by hand and manipulate the process can be completely flushed out. Once you vote, the results go to the BVAS and then the results would come out.

“The last time they told us it was glitch that caused the problem. So it is not just what is being displayed at the Lagos State House of Assembly, no. It is deeper than that. It has now opened our eyes to the lackluster approach to managing this country. It is not working, and if we continue with that mess without getting to clean out the INEC and the procedure, we are just joking. It would get worse.”

 
 

A recent report by the Cadre Harmonisé (CH) on Acute Food and Nutrition Insecurity has projected that 30.6 million people across 26 states and the Federal Capital Territory (FCT) will face a food crisis between June and August 2025. The report, conducted by federal and state governments with support from the Food and Agriculture Organization (FAO) and other development partners, highlights that this figure includes 150,978 Internally Displaced Persons (IDPs).

Currently, an estimated 24.9 million people, including 116,765 IDPs, are already experiencing a food crisis, a situation that could worsen by May 2025. The CH analysis warns that during the lean season from June to August, households are likely to face increased food shortages, potentially pushing more people in high-risk areas into critical food insecurity.

The report identifies conflicts, climatic shocks, and macroeconomic reforms as key factors driving the crisis. These challenges have limited households' purchasing power and ability to secure adequate food. Additionally, the analysis highlights critical levels of acute malnutrition in the Northeast, particularly in Central Borno, Northern Yobe, and parts of Eastern Sokoto. Local Government Areas such as Mobbae and Ngarcail in Northern Borno, as well as Mashi in Northern Katsina, are among the most affected.

The primary drivers of the food crisis include ongoing conflict and insecurity—such as insurgency, banditry, and kidnapping—as well as high vulnerability levels that hinder households' ability to cope with shocks. Other contributing factors are soaring food prices, dwindling household food stocks, limited income-generating opportunities, inadequate food consumption, and poor access to clean water and sanitation.

FAO Country Representative Koffy Dominique praised the Federal Government and stakeholders for completing the February-March 2025 CH analysis cycle, which began on February 20 across 26 states and the FCT. He noted that Nigeria has experienced its worst inflation in over two decades, exacerbating economic hardship for many families and making it increasingly difficult to afford food and essential goods. Dominique also pointed to the devastating impacts of extreme weather events, such as flooding, alongside armed conflict and organized crime, which have prolonged insecurity and worsened food insecurity.

The CH analysis workshops, held twice a year, aim to identify populations and areas at risk of food and nutrition insecurity and propose measures to prevent or mitigate crises. Dominique emphasized the importance of these efforts in addressing the country's growing food security challenges.

Marcus Ogunbiyi, Permanent Secretary of the Federal Ministry of Aviation, highlighted the role of fuel subsidy removal and insecurity in driving up food prices. Represented by Okwudule Onyema, Director of Food and Strategic Reserve, Ogunbiyi reaffirmed the government's commitment to leveraging the CH report's findings to tackle the food and nutrition crisis. He also called on humanitarian organizations to use the report to guide their interventions nationwide.

The report underscores the urgent need for coordinated action to address the root causes of food insecurity and prevent further escalation of the crisis.

United Capital Plc has proposed a final total dividend of N9 billion, representing 50 kobo per share to its shareholders for the year ended December 31, 2024.

The company in its audited results released on the Nigerian Exchange (NGX) yesterday showed an impressive full year, 2024 performance.

 

In a bid to strengthen and maximise stakeholder value in the recently concluded financial year, the Company rewarded shareholders with bonus issuance of two additional shares for every one share held in addition to our first ever interim dividend payment of 90 kobo per share.

United Capital reported gross earnings of N43.43 billion in the full year 2024, slightly down from N45.90 billion in the full year 2023. Total expenses declined by 46 per cent to N15.96 billion, compared to N29.28 billion in 2023.

Profit before tax grew by 74 per cent to N30.10 billion in 2024 from N17.30 billion in 2023. Profit after tax rose by 111 per cent to N24.10 billion in 2024, as against N11.42 billion in 2023, while earnings per share stood at N1.34 compared to N1.90 recorded in 2023.

Total assets amounted to N1.70 trillion as at December 31, 2024, compared to N931.95 billion as at December 31, 2023, representing 83 per cent year-on-year growth; while shareholders fund rose by 47 per cent to N133.50 billion in 2024 from N90.71 billion as at December 31, 2023.

Speaking on the performance, the board chairman of United Capital, Prof. Chika Mordi stated that “United Capital Group held true to its philosophy of creating shared prosperity by delivering record profitability and significant corporate actions which culminated in increased total dividend payout to N14.4 billion for the 2024 financial year, up 33 per cent year-on-year from N10.8 billion payout in 2023.”

He said that “we will continue to strengthen governance frameworks across the Group to protect investors’ assets and sustain superior value delivery to our stakeholders well into the foreseeable future.”

Also, the group chief executive officer of United Capital, Peter Ashade said that “despite the challenging business environment, the Group remained resilient and delivered record profitability as PBT rose 74 per cent to N30.10 billion and PAT soared 111 per cent to N24.10 billion.

“As a testament to our strong market leadership and positioning, Shareholders’ funds increased by 47 per cent year-on-year to N133.65 billion while total assets grew to N1.70 trillion, up 83 per cent year-on-year.”

Ashade added that “as we proceed into the 2025 financial year, we remain committed to rewarding our shareholders while sustaining this remarkable performance. We are poised to lead the Nigerian capital market and unlock new opportunities on the African continent.”

[Leadership]

Former Vice President Atiku Abubakar has said that he remained a bonafide member of the Peoples Democratic Party (PDP).

The former PDP presidential candidate, who reacted to a report that he was planning to abandon the PDP for another party, said it was a total fallacy that holds no merit in logic. 

 

Atiku has been involved in talks about an opposition coalition ahead of the 2027 elections, a call he started making shortly after the 2023 general election.

But, reacting to reports of his defection from PDP, the Atiku Media Office said Atiku remained a principal bonafide member of the PDP, the main opposition party.

 

“Recall that Atiku Abubakar had persistently called for a coalition of opposition political parties in Nigeria ahead of the 2027 general election with the aim of ousting the incompetent and pain-inflicting All Progressives Congress, in order to give Nigerians a new lease of life.

“Atiku is advocating a robust coalition that would accommodate all opposition parties – the PDP inclusive.

“Hence, it is fallacious and unfounded to allege that the Waziri is jumping PDP ship. Such an allegation is antithetical to the objective of the grand coalition, which the former Vice President is currently driving alongside other prominent political leaders in the country.

“We, therefore, wish to state unequivocally that Atiku remains a principal bonafide member of the PDP, the main opposition party,” the office stated.

The media office added that any insinuation to the contrary was contrived to confuse Nigerians about the magnitude of the grand coalition that is at work to rescue Nigeria from the grip of the ruling APC.

The war of words between Senate President Godswill Akpabio and Senator Natasha Akpoti-Uduaghan (Kogi Central) has intensified following her suspension from the Senate over allegations of misconduct.

While Akpabio accused Akpoti-Uduaghan of making baseless allegations, the Kogi lawmaker fired back, insisting that she was not the first person to accuse him of sexual harassment and challenged him to submit to an independent investigation.

 

The dispute became a public spectacle two weeks ago, when during plenary, Akpoti-Uduaghan rejected the relocation of her seat, boldly telling the Senate President that she was not afraid of him.

Although Akpabio attempted to downplay the situation, Akpoti-Uduaghan appeared on a live television programme the next morning, where she accused him of sexual harassment.

Senate Suspends Akpoti-Uduaghan Amid Public Outcry

Last week, the Senate suspended Akpoti-Uduaghan for six months based on the recommendation of its Committee on Ethics, Privileges, and Public Petitions.

The decision has drawn backlash from rights groups and activists, who insist that the senator was denied a fair hearing.

Akpabio: Natasha Fond Of Traumatic, “Useless” Allegations

Speaking at an event commemorating International Women’s Day, Naija News reports that Akpabio portrayed himself as a victim of Akpoti-Uduaghan’s accusations, suggesting that her past claims of sexual harassment against others had proven false.

“It was only yesterday I realised that what we are talking about only happened when there was a change of seat. That was when all hell was let loose and all sorts of allegations came up.

“This was said to have happened on the 8th of December, a day before my birthday. From that date till now, I never heard, my wife never heard, no Nigerian ever heard, even her husband never heard any issue of sexual harassment until her committee was changed, and her seat was changed,” Akpabio said.

The Senate President further questioned the credibility of Akpoti-Uduaghan’s past allegations, warning that her accusations were damaging the image of the 10th Senate.

 

He further stated, “Have you ever wondered about the trauma caused by that same woman on other people she has accused in the past? None has been proved so far. Do you even wonder about the trauma this has caused the 10th Senate with all these useless allegations?”

Akpoti-Uduaghan: Let Akpabio Face Investigation

In response, Akpoti-Uduaghan, through her legal counsel, Victor Giwa, dismissed Akpabio’s attempt to trivialise the allegations, stressing that a formal investigation was necessary.

Giwa pointed out that Akpabio had faced similar allegations in the past, citing the case of Joy Nunieh, a former Managing Director of the Niger Delta Development Commission (NDDC).

“If Akpabio makes such a statement, the question anybody will ask is why are there two allegations of sexual harassment against him? Joy Nunieh made the same allegation, and now it is Natasha. Akpabio should subject himself to investigation,” he stated.

Giwa also accused Akpabio of using his position to manipulate Senate proceedings to shield himself from scrutiny.

“Is it true that Natasha has been prevented from participating in international engagements involving senators? Is it true that she has been forced to use her funds for official trips while others have their expenses covered? These are hard facts that need to be addressed,” he said.

Legal Battle Looms As Mediation Efforts Continue

Despite pressure from various stakeholders, including the Minister of Women Affairs, Imaan Suleiman, Akpoti-Uduaghan remains determined to fight her suspension in court.

 

Her lawyer confirmed that efforts are being made to broker peace, adding that a meeting between Akpoti-Uduaghan and Akpabio is scheduled for next week.

“She welcomes the involvement of the Women Affairs Minister and others who are trying to mediate. A meeting between them is scheduled for next week,” Giwa stated.

Last modified on Sunday, 09 March 2025 07:02

The Adamawa State Police Command has arrested a 34-year-old suspect, Tahamado Demian, for the kidnapping of two Catholic priests, Reverend Fathers Abraham Samman of the Jalingo Diocese and Matthew Dusami of the Yola Diocese.

This was disclosed in a statement that the command’s spokesperson, Suleiman Nguroje, shared on X.com on Saturday night.

The statement disclosed that the rescue mission took place at a criminal hideout in Gwaida Malam village, a remote area between Numan and Demsa local government areas. The operation, launched on February 21, 2025, led to Demian’s arrest.

According to the statement, the victims were rescued unharmed without any ransom paid and are currently receiving medical care.

 

The police also recovered a locally-fabricated assault rifle, a handset, and multiple SIM cards during the operation.

The statement read, “In a bid to ensure protection of lives and property, a safe and secured environment in the state, the command carried out a coordinated rescue operation at a particular criminal hideout situated at a remote side of Gwaida Malam village connecting part of Numan and Demsa LGAs.

“These rescue operations, commenced from 21st February, 2025, in various criminal hideouts within the state and it yielded positive results as one Tahamado Jonathan Demian 34years old a member of the same church, with the victims was arrested for kidnapping of his two Reverend fathers (Abraham Samman and Matthew David Dusami) of Catholic Dioceses of Yola and Jalingo respectively.

 

“The command’s planned operation had successfully rescued the two Reverend fathers unhurt and no dime is paid as ransom. The victims are now receiving medical attention.

“The suspect was apprehended and now taking into custody for discreet investigation. Investigation so far has led to the recovery of one locally fabricated Assault rifle, two handsets and sim cards.

“The Commissioner of Police, Dankombo Morris, expressed gratitude for the support the command is receiving from the government, sister security agencies and the public.

“He therefore encouraged them to sustain the cooperation and collaboration for timely response to emergency situations. The police boss added that together, we will ensure peace and security across the state and beyond through deligent prosecution of the suspect.”

 

Former Senator for Kaduna Central, Shehu Sani, has criticised the National Population Commission (NPC) for requesting nearly a trillion naira to conduct a national census, describing it as “total madness.”

The NPC had proposed a budget of ₦942 billion for this year’s housing and population census.

However, reports indicate that President Bola Tinubu rejected the request, instead considering the deployment of National Youth Service Corps (NYSC) members for the exercise.

Reacting to the development, Shehu Sani praised Tinubu’s decision, stating on X: “National Population Commission request for almost a trillion naira just to count the number of Nigerians is total madness.

The rejection of their budget is commendable.”

Media

Federal Government ministries, departments, and agencies, along with the Presidency, have collectively spent at least ₦1.99 billion on foreign trips, training, and estacodes in France between May 2023 and September 2024.

The expenditure data, sourced from GovSpend—a transparency platform operated by BudgIT—covered costs such as airfare, accommodation, visa processing, estacodes, training programs, and business meetings.

 

A significant portion of the funds was allocated to executive training programs, study trips, and international conferences.

 

According to The PUNCH, one of the largest single disbursements was ₦626.91 million, paid by the Office of the Special Adviser to the President on Niger Delta for training and type rating of 35 cadet pilots in South Africa, France, and Nigeria. The funds were transferred via the GIFMIS platform to the PAP Naira Transit Account at the Central Bank of Nigeria.

The State House also incurred substantial expenses on international travel. This included ₦149.79 million spent on foreign exchange purchases for the First Lady’s trip to France on April 1, 2024, and ₦6.29 million allocated in March 2024 for a five-year multiple-entry visa for the Vice President.

Several MDAs also recorded notable spending on overseas trips. The National Merit Award allocated ₦15.5 million as an advance payment for the course fees of eight participants attending a training program in Paris from May 14 to 20, 2023.

The Centre for Management Development disbursed ₦34.3 million for six officials—each receiving ₦5.71 million—to participate in training in France.

Senior officials also benefited from these trips. The Director-General of the Federal Institute of Industrial Research, Oshodi, Adamu Jummai, and former Director-General of the National Directorate of Employment, Nuhu Fikpo, had their executive programs in Paris fully funded.

Nigeria Communications Satellite Limited (NIGCOMSAT) spent ₦41.09 million on multiple officials, including its Technical Adviser, Temitope Yoosuf, who attended business meetings with Airbus in Toulouse, France.

The company’s CEO, Jane Egerton-Idehen, and its Head of Corporate Affairs, Aisha Bantam, were also funded with ₦11.88 million and ₦5.65 million, respectively, to attend the World Space Business Week in Paris.

The Nigeria Football Federation allocated ₦124.45 million for Super Falcons players’ flight tickets for their Olympic Games qualifier against Ethiopia, with travel routes covering America, France, Spain, and Nigeria.

 

Additional significant expenditures included ₦10.62 million by the Independent Corrupt Practices and Other Related Offences Commission for airfare costs for three officials attending the G20 Anti-Corruption Working Group meeting in Paris.

The Fiscal Responsibility Commission disbursed ₦7.90 million for an officer’s participation in the 2023 International Bar Association Conference in France.

The Federal Ministry of Health funded ₦5.30 million each for David Beine Atuwo and Olusola Ayoola to cover airfare and participation in the 11th EDCTP Forum in France.

The Defence Intelligence Agency recorded two major payments, totaling ₦574.52 million, covering salaries of two seconded staff of the Nigerian Financial Intelligence Unit at Interpol in Lyon, France, and the Egmont Group in Ottawa, Canada.

These expenditures have drawn scrutiny amid concerns about rising government spending and the increasing cost of governance.

With the economy facing challenges such as high inflation, fiscal deficits, and a depreciating naira, calls for greater accountability and transparency in public spending have intensified.

Earlier, PUNCH reported that in the first six months of President Bola Tinubu’s administration—June to December 2023—the State House spent at least ₦3.4 billion on both local and foreign trips.

Similarly, in the first quarter of 2024, ₦5.24 billion was expended on travel expenses for President Tinubu, Vice President Shettima, and First Lady Remi Tinubu.

Between January and March 2024, ₦1.35 billion was allocated for presidential trips and related expenses, ₦3.53 billion was used for foreign currency purchases covering 10 international trips, and ₦637.85 million was paid to two travel agencies for presidential flight bookings.

 

Opposition parties have criticized President Tinubu’s frequent international travel, arguing that he prioritizes trips abroad over addressing domestic challenges.

However, the Presidency has defended his travel engagements, asserting that a leader focused on attracting foreign investments must be proactive in seeking opportunities.

A few months ago, Minister of Foreign Affairs, Yusuf Tuggar, also defended Tinubu’s frequent trips, emphasizing their benefits.

Nigeria has the money. How much does travelling cost compared to the benefits? Again, how much does it cost really when you compare it to some of the things that the President has already addressed?

“How much have we wasted on fuel, electricity, and other subsidies? He was subsidising consumption instead of production and subsidising the real sector of the economy,” he said.

Since taking office, Tinubu has embarked on 32 foreign trips, visiting 19 countries, including France, the United Kingdom, the United States, the United Arab Emirates, Germany, Saudi Arabia, India, and South Africa, among others.

Experts have predicted that the ongoing trade war will significantly impact the economies of Nigeria and other emerging markets.

Earlier this week, U.S. President Donald Trump imposed 25% tariffs on goods from Mexico and Canada, as well as 20% tariffs on imports from China.

This fresh round of duties on Chinese goods doubled an initial set of tariffs placed on China last month. In response, China imposed additional 15% duties on U.S. imports, including chicken, pork, soy, and beef, and expanded controls on doing business with key U.S. companies. Canada has also responded with its own measures.

 

Possible slowdown in U.S. growth 

Speaking on the Drinks and Mics podcast, Samson Esemuede, MD/CIO of Zrosk, forecasted a slowdown in U.S. growth relative to the rest of the world, regardless of whether the tariffs continue or are lifted.

He expressed skepticism about the uncertainty created by Trump’s policy actions, noting that markets thrive on certainty.

According to Esemuede, there will be a relative deceleration in U.S. growth, while markets like China and Europe, which have underperformed post-COVID, may surprise on the upside.

So, within that context, I felt like relative growth rates for the rest of the world in favor of the rest of the world, we pull capital out of the US, which is why when we did our buy-hold sell, I had a sell on the US, and then that leads to a weakening dollar, and the weakening dollar should basically benefit emerging markets and frontier markets, and by extension, Nigeria should benefit from that.

He added, “If that continues, that would be the case. However, there is a risk that is now evolving. My assessment of the US recession for 2025 was probably a 5% to 10% probability that the US would go into recession because the economy was so strong and consumer spending was very healthy. And now, I think with what is happening with Trump, the uncertainty, the impact on inflation, the probability of a recession is probably around 30% to 35% probability. If that stays and we don’t go into a recession, but we see a material slowdown in US growth, I think that’s positive for Africa and that will be positive for Nigeria.” 

However, Esemuede warned that if the U.S. goes into a recession, it will negatively affect everyone because the dollar will strengthen as there will be a flight to safety.

Weak dollar beneficial for emerging markets 

Chief Investment Officer at Cordros Capital LTD, Arnold Dublin-Green, shared a similar view. According to him, a weak dollar is beneficial for emerging markets.

“A weak dollar also means our commodity prices are good. Commodity exports in countries like us, like Ghana (gold), South Africa, Kenya exports flowers. It’s good for Africa. It’s good for EM. So we all have the same view.” 

He added, “And that’s the crowded trade that you’re seeing right now. Everyone’s saying, ‘Okay, hold on a minute. It’s a weak dollar we’re going into. Let me look for cheaper assets in countries that export commodities. Our external debts also get serviced, so it’s better for us. So weak dollar, where it’s going right now, looks positive for us.”  

What you should know 

  • On Wednesday, China’s Premier Li Qiang announced that China would again boost its defence spending by 7.2% this year and warned that “changes unseen in a century were unfolding across the world at a faster pace.” This increase was expected and matches the figure announced last year.
  • Leaders in Beijing are trying to send a message to people in China that they are confident the country’s economy can grow, even with the threat of a trade war.
  • China has been keen to portray an image of being a stable, peaceful country in contrast to the US, which Beijing accuses of being embroiled in wars in the Middle East and Ukraine.

China may also hope to capitalise on Trump’s actions relating to US allies such as Canada and Mexico, which have also been hit by tariffs, and will not want to ramp up the rhetoric too far to scare off potential new global partners.

[NaijaNews]