Author: Alade Adisa

The Federation Account Allocation Committee (FAAC) will begin to pay local government councils their allocations from the federation account next month. According to a source in the know, FAAC will begin with the disbursement of this month’s allocation to the tiers of government. The direct receipt from FAAC will end the delay in the implementation of the July 11 judgment of the Supreme Court granting financial autonomy to councils. Since the judgment was delivered, the Federal Government has been making an effort to ensure minimal disruption to state/local government operations. The umbilical cord of the state/local government joint account into…

The Confederation of African Football (CAF) has fined the Libyan Football Federation (LFF) $50,000 and ordered the country to play two matches behind closed doors. CAF, in a statement on Sunday, charged Libya with “misconduct” during and after the 2025 African Cup of Nations (AFCON) qualification game against the Benin Republic in Tripoli on November 18. Gernot Rohr, head coach of the Cheetahs of the Benin Republic, had recounted how the Libyan police assaulted him and his players “with batons” after the game, which ended goalless. The goalless draw was enough to ensure the Benin Republic qualified for the 2025…

The economic diplomacy embarked upon by President Bola Tinubu to Brazil, China, India, Germany, France and Saudi Arabia is yielding the desired results. This assertion was made by Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, while briefing State House Correspondents after a meeting with the president in Lagos on Sunday. The Minister noted that as a follow-up on economic diplomacy, he led a delegation to Riyadh, Saudi Arabia, recently, to ensure the success of the developing relationship between him and Mohammed bin Salman, the Crown Prince.The delegation included Sen. Abubakar Bagudu, the Minister of Budget…

The Federal Government has declared that the Central Bank of Nigeria (CBN) misappropriated N2.73 trillion in interest payments from Ways and Means advances, in recent years. This development raises serious concerns over irregularities in managing government funds. The allegation was disclosed in the consolidated financial statement of the Federal Government for the year ended December 31, 2021, submitted to the National Assembly by the Auditor-General, Shaakaar Chira, with reference number AuGF/AR.2021/01 and dated July 31, 2024. The Ways and Means facility, a temporary loan mechanism provided by the CBN to the government to finance budget deficits, is at the centre…

The Federal Government has spent the sum of N1.4 billion to rehabilitate repentant terrorists and establish terrorism trial centres since mid-2023. After former President Muhammadu Buhari gave assent to the Terrorism (Prevention and Prohibition) Bill on May 12, 2022, the National Counter-Terrorism Centre (NCTC) was established. The government announced plans to build two disarmament, deradicalisation, rehabilitation, and reintegration centres for former Boko Haram members and other terrorist factions in December 2022. Rear Admiral Yem Musa (retd.), the coordinator of the NCTC, confirmed to the House of Representatives Committee on National Security and Intelligence that N2.4bn would be allocated to these…

Following Federal Government’s implementation of key reforms, including removing fuel subsidies and introducing comprehensive tax policies, the World Bank has disbursed a $1.5bn loan to Nigeria. Per PUNCH, the loan, part of the Reforms for Economic Stabilisation to Enable Transformation Development Policy Financing initiative, is among the fastest disbursements Nigeria has received with both tranches released in less than six months. A World Bank document seen by NEW DAILY PRIME on Sunday, stated that the loan was approved on June 13, 2024, with the first tranche of $750m disbursed on July 2, 2024. The second tranche, tied to the fulfilment…

By Emmanuel Nwagboniwe After a protracted battle with cancer, the sun set yesterday for one of the world’s most impactful leaders in recent history, Jimmy Carter, the 39th president of the United States(U.S) ,as he passed at the ripe age of 100 years Carter’s demise was announced Sunday by the Atlanta Journal-Constitution.His death is coming about six weeks after the passing of his wife Rosalynn on Nov. 19, 2023 at the age of 96 years The late former president himself had entered hospice care in February 2023. Carter survived for years after he had a “small mass” removed from his…

…Shares a special night with Georgina and Cristiano Jr…Named best player in the Middle East ·WHAT HAPPENED? Ronaldo was awarded the Best Middle East Player award at the Globe Soccer Awards and was also given a honorary award to celebrate him becoming the highest official goalscorer of all time. The five-time Ballon d’Or winner made a number of comments during the awards gala taking on the authenticity of the prize given to the best player in the world and also claiming that the Saudi Pro League was better than Ligue 1. ·WHAT RONALDO POSTED Ronaldo made his way to the…

Pep Guardiola says Manchester City “need help” during the January transfer window after admitting his side have “no chance” of winning the Premier League title this season. The City boss celebrated 500 games in charge of the club with a nervy 2-0 win over Leicester on Sunday. City’s victory – just their second in their last 10 Premier League games – lifts them up to fifth, but they are 14 points behind leaders Liverpool. “We are far away from winning the Premier League,” Guardiola told BBC’s Match of the Day. “We accept there’s already no chance of that but we…

Former presidential aide, Reno Omokri has expressed confidence in President Bola Tinubu’s chances of securing a second term in the 2027 general elections. In a video posted on his official X account, Omokri lauded Tinubu’s exceptional emotional intelligence and strategic approach to building relationships, even with adversaries. “President Tinubu is a highly emotionally intelligent individual who is strategic in his dealings with people. He has a unique ability to turn even his enemies into friends,” Omokri stated. He said, “A lot of people have enemies, and they maintain that enmity, they nurse that grudge, they keep up that vibe, that…