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House quizzes NBET boss over N4.09bn revenue

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By Saint Mugaga

The House of Representatives on Thursday quizzed the acting Managing Director of the Nigerian Bulk Electricity Trading (NBET) Plc, Mr. Johnson Akinowo over the utilisation of N4.099 billion accrued from regulatory incomes in 2025 fiscal year.

Chairman, House Committee on Finance, Hon. Abiodun James Faleke who spoke in Abuja during the 2025 budget performance, expressed grave concern over series of expenditures incurred by the Company including the sums of: N377.031 million spent on welfare packages out of N377.658 million approved budget; Other expenses worth N76.939 million out of N78.838 million approved budget; among others.

Other lawmakers who spoke during the review of the 2025 budget performance, demanded explanation on the directive issued by the Chief of Staff to the President, banning overseas travels, N470.122 million spent on international travels and transport: training out of N479.845 million approved budget.

According to the documents submitted to the Committee, NBET also spent the sums of N111.804 million on management/staff/board retreat; N71.379 million on board sitting/Directors allowance; NN36.313 million on professional fees; N48.779 million on conferences, seminar and exhibition; N31.858 million on refreshment and meals; N9.713 million on cleaning and fumigation expenses; N60.231 million on maintenance of office/IT equipment; N68.552 billion on office stationeries/computer consumables; N65.530 million on Local travel and transport -others and additional sum of N79.103 million on Local travel and transport: training, as well as N1.780 billion spent on personne cost, among others.

The lawmakers also expressed concern over the non-declaration of revenue generated in December 2025 in the document submitted to the Committee.

While responding to allegation bothering on the ban on international travel, he said: “yes, we are very aware of it and as a corporate responsible organization, we are guided by all the stipulations of that directive.

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“So, every and all travels that you see that was funded there had either an SGF or Head of Service approval. For instance, at an MD/CE, if I am going to travel, I require that SGF approval…

“I’ll give you an example. For the World Bank Spring Meeting, in relation to the Partial Risk Guarantee of the Federal Government of Nigeria that Embed manages, they meagre the insurance and of the World Bank during the Spring Meetings, require our presence to provide clarification and to engage on their portfolio in Nigeria.”

While noting that he was part of Federal Ministry of Finance delegation, he maintained that other MDAs under the Ministry incmuding Debt Management Office, Bank of Industry (BOI), Central Bank of Nigeria (CBN), among others were part of the “critical parties that can speak to the items in details when they come and defend Nigeria’s position.”

Mr. Akinowo explained that out of total sum of N855 billion approved by the National Assembly for power reform programme, Federal Government released the sum of N60 million.

He however noted that becUse of the time the money was released, the Agency could not complete the procurement process, hence the N60 million remain unutilized till date.

“For the revenues of 2025, regulatory income for participants in the electricity market are provided for them to run their operations. And I listed the agencies, that was why I tried to give that introductory background when I was speaking to the revenues. They are provided, it is the design of the electricity market that provides the revenue distribution. Distribution companies get two invoices.

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“One is for energy and capacity which they pay to embed and embed pays to the GENCOs. The other one is for market administrative charge, which is supposed to cover the operations of the agencies of government that provide the service in the electricity market,” he explained.

According to him, the regulatory agencies include: the regulator, Nigerian Electricity Regulatory Commission (NERC), Transmission Company of Nigeria (TCN), and GENCO of Nigeria to cover wheeling charges for wheeling the electricity as well as Nigerian Independent System Operator, which is comprised of the system operator and the micro operator to cover their operations.

He added that the regulatory revenue to cover their operations now makes them to be excluded from appropriation for the current. So we typically get capital from appropriation while we are supposed to run the operations from the recurrent from the regulatory revenue as approved by NERC, the regulator from time to time.

He explained that, the actual n line with extant rules, NBET funds the capital component of the annual budget from Appropriation Act.

While clarifying issues bothering on non-declaration of revenue accrued in December 2025, the NBET helmsman further explained that: “if you issue an invoice in December and it is not due for payment, if the contract says your invoice is due 25 days after, and that in five days is in January or in February, then that is what it is, because the legislation takes care of it and is captured for transparency.”

While ruling, Hon. Faleke said that the Committee resolved to make omnibus request from NBET, hence demanded for documentary evidences of all the expenditures incurred throughout 2025, as well as approvals and waivers obtained from relevant authorities including the Presidency.

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To this end, the Committee resolved to suspend the consideration of the 2026 budget proposal, and adjourned to Tuesday, 10th February, 2026 during which Accountant General of the Federation is expected to appear.

‎The House Committee also queried the proposed 2026 budget of ₦14.325 billion for the Federal Ministry of Finance, with lawmakers raising concerns over discrepancies in the capital expenditure component during a budget defence session at the National Assembly.

‎A breakdown of the proposal shows ₦4.5 billion allocated for personnel costs, ₦4.6 billion for overheads, and ₦5.2 billion earmarked for capital projects. However, members of the committee questioned the composition of the capital vote, with Hon. James Faleke specifically demanding clarification over figures he described as inconsistent with standard capital budget projections.

‎Responding, the Minister of Finance and Coordinating Minister of the Economy Wale Edun explained that the disputed capital figure was captured by the Budget Office and includes debt servicing obligations, which he stressed are not part of the ministry’s regular capital expenditure.

‎According to the minister, the classification created the appearance of an inflated capital allocation, whereas the bulk relates to statutory debt service entries.

‎Also speaking at the session, Chairman of the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC), Mohammed Shehu, disclosed that the commission is currently engaging several revenue-generating agencies to resolve long-standing fiscal and remittance issues.

‎He noted that renewed consultations are already yielding progress, with agencies increasingly approaching the commission to address lingering concerns around revenue accountability and framework compliance.

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Senate Halts Rehabilitation, Reintegration of Repentant Terrorists

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Senate President Godswill Akpabio
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–Senate delegation to Visit Tinubu over insecurity

By Isa Abdul, Abuja

The Senate on Tuesday asked the federal government to halt the practice of pardoning and rehabilitating repentant terrorists into society.

The resolution was adopted with majority of members of the upper chamber supporting it through voice votes during the plenary while considering a motion on the abduction and killing of retired major general, Rabe Abubakar, and other military officers by bandits.

Abdulaziz Yar’Adua, the senator representing Katsina Central Senatorial District, sponsored the motion with the senator representing Edo Central, Joseph Ikpea, making an additional prayer calling for the abolition of the rehabilitation and reintegration programme for repentant terrorists.

The senator representing Edo North, Adams Oshiomhole, supported the proposal, arguing that the practice of pardoning and rehabilitating criminals “does not make common sense.”

The Deputy Senate President, Barau Jibrin, who presided over the session, put the proposal to a voice vote, and a majority of senators adopted it.

Meanwhile, the Senate’s resolution is not legally binding on the executive, as motions have no force of law. They represent the opinions of the upper chamber and are communicated to the Presidency as counsel for consideration.

The decision to abolish or significantly alter State policy or law requires legislative amendments to existing laws or policies governing them like Nigeria’s counterterrorism policy.

Generally, rehabilitating and reintegrating repentant terrorists has always been a controversial counterterrorism strategy right from 2016 when it was adopted as a non-kinetic weapon to fight terrorism particularly in the North-east, following sustained offensives against Boko Haram and later its splinter faction, the Islamic State for West Africa Province (ISWAP).

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In 2021, the policy was further expanded with thousands of fighters and their families surrendering after tense inter terror group fights.

The federal government’s Operation Safe Corridor (OPSC), a non-kinetic deradicalisation, rehabilitation and reintegration programme established in 2016 and coordinated by the Defence Headquarters involves the military, security agencies, and several ministries, departments, and agencies, including the ministries of justice, education, health, women’s affairs, and humanitarian affairs, as well as the National Orientation Agency.

The programme screens former fighters who are assessed as not having committed serious crimes to undergo psychological counselling, religious reorientation, vocational training, literacy education, and civic instruction at a rehabilitation centre in Gombe State. Upon completing the programme, the participants are handed over to their state governments for reintegration into their communities.

North-east states including Borno, Adamawa and Yobe, have received rehabilitated ex-combatants under the programme. Borno State, the epicentre of insurgency in the North East has also implemented its own reintegration initiatives, with state authorities claiming that encouraging defections weakens insurgent groups and provides valuable intelligence for military operations.

But the policy has received sharp criticism from victims’ groups, civil society organisations and some security experts.

Critics argue that many communities remain traumatised by years of violence and are unwilling to accept former insurgents, especially where victims have received little, no compensation or justice st all. The adequacy of the screening process has equally been questioned with the fears that some rehabilitated fighters could and do return to insurgency.

But supporters of the programme, maintain that rehabilitation is in sync with global Disarmament, Demobilisation and Reintegration (DDR) principles. They argue further that military force alone cannot end insurgency and that providing a pathway for defections encourages more fighters to surrender, thereby reducing the strength of terrorist groups.

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Presenting the motion in the Senate, Yar’Adua, a retired colonel, expressed concern over Nigeria’s worsening security challenges, particularly terrorism and banditry.

He said terrorist networks had become more sophisticated and emboldened, extending their attacks from rural communities to the coordinated abduction of military personnel.

The senator condemned the abduction and killing of Rabe Abubakar and several other military officers who have fallen victim to bandits in recent times.

He urged the Senate leadership to constitute a delegation to pay condolence visits to the family of the late military spokesperson, the Katsina State Government and the Nigerian Army.

Mr Yar’Adua also called on the Senate to urge the federal government to accelerate the deployment of modern security technologies, including unmanned aerial systems, geospatial intelligence capabilities, integrated command-and-control platforms, advanced communication systems and other force-multiplying technologies needed to combat terrorism, banditry and kidnapping.

Meanwhile, the Senate Minority Leader, Abba Moro, during the session also proposed another prayer for the Senate to constitute a delegation to interface with President Bola Tinubu on the country’s worsening security situation.

The deputy senate president put the prayer to a voice vote, and the majority of senators adopted it.

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Osinbajo New NCF Board of Trustees president

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By Seyi Balogun

Former Vice President, Prof. Yemi Osinbajo, is the new President of the Board of Trustees (BOT) of the Nigerian Conservation Foundation (NCF).

Following his emergence as new president, Osinbajo pledged yesterday while delivering his acceptance speech at the Foundation’s 37th Annual General Meeting (AGM) in Lagos that he will strengthen environmental conservation and climate action.

He further paid tribute to the founding fathers of the NCF, particularly its President Emeritus, Chief Philip Asiodu, for their foresight in promoting environmental conservation decades before climate change became a global concern.

The eminent jurist and former Nigeria Vice President also acknowledged the contributions of the late Chief S.L. Edu and other founding trustees, saying their vision laid the foundation for Nigeria’s environmental conservation movement.

According to him, the founders recognised the importance of biodiversity conservation long before climate change gained global prominence. He said the effects of climate change had become increasingly evident across Nigeria through flooding and rising temperatures noting that parts of Europe were experiencing temperatures of between 38 and 41 degrees Celsius, underscoring the urgency of collective climate action.

Osinbajo described the NCF as Nigeria’s foremost non-governmental organisation dedicated to environmental conservation and climate action.

Consequently, he commended the Foundation’s trustees, members, management, staff, volunteers and development partners for sustaining its conservation programmes over the years.

Accepting his new responsibility, he pledged to build on the achievements of his predecessors and deepen collaboration with stakeholders.

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Asiodu, the Foundation’s President Emeritus, served the NCF for more than 20 years and stepped down from the position at the age of 92.

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Ransom Fuels Kidnapping and other Crimes: Why I rejected ₦300m ransom demand for my kidnapped brothers — Zamfara Gov

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By Michael Lim

Zamfara State Governor, Dauda Lawal, has revealed why he refused to pay a ₦300 million ransom request by kidnappers who abducted his brothers in 2019, insisting that paying ransom surely fuels kidnapping and other criminal activities.

Speaking Thursday, 9th July 2026, on ARISE News/THISDAY Town Hall Conference on State Police and National Security in Abuja, the governor maintained his opposition to negotiating with bandits as he renewed his support for the establishment of state police.

Lawal recalled that his brothers were held captive for about three months after their abduction, but he declined to meet the kidnappers’ ransom demand despite the personal ordeal.

“My own brothers were kidnapped in 2019, and the kidnappers demanded about ₦300 million. I told them I was not going to pay a dime. If they wanted to kill them, they could go ahead.”

According to him, his brothers were eventually released without any ransom being paid.

His argument remains that paying ransom emboldens criminal groups by providing them financial incentives for further kidnappings:

“If we continue to pay ransom, we are encouraging these criminals to kidnap more people. The cycle will only continue unless we stop rewarding criminality.”

Lawal stressed that his position on ransom payments remains unchanged, insisting:

“I will not negotiate, and I will not pay ransom to any criminal, no matter what happens.”

He used the occasion to renew his call for the establishment of state police, saying that governors should have greater operational authority over security within their states regretting the current constitutional arrangement that leaves governors with responsibility for security without corresponding powers:

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“In as much as I am called the chief security officer of the state, I do not have the command-and-control authority to direct the operations of the security agencies”, adding that he was ready to support and fund state police.

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