JUST IN: Presidency replies Amaechi on use of post-subsidy revenue – Newstrends
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JUST IN: Presidency replies Amaechi on use of post-subsidy revenue

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JUST IN: Presidency replies Amaechi on use of post-subsidy revenue

The Presidency has issued a response to former Minister of Transportation Rotimi Amaechi over his recent remarks questioning the utilization of fuel subsidy savings under President Bola Tinubu’s administration.

Amaechi, speaking in May at his 60th birthday event in Abuja, expressed concerns about what he perceived as a misdirection of national resources, alleging that subsidy removal gains were being siphoned into “private pockets.”

“If I were president, yes, I would pursue some of the policies they are pursuing, but ask what the failure is: the failure is that the gains of those policies are in their private pockets,” he said. “At one point, we were paying between four to five trillion naira as subsidy; where is the money now? If it had been injected into the economy, you would not be hearing complaints.”

In a detailed rebuttal posted online, Special Adviser to the President on Social Media, Dada Olusegun, knocked the former Rivers State governor, calling his claims misleading and politically motivated.

“More than two years after his primary election loss, it appears Chibuike Rotimi Amaechi has not gotten over the legitimate pain of defeat,” Olusegun wrote. He accused Amaechi of aligning with opposition forces and “resurfacing on the political scene” with “outlandish comments, claims and falsehoods against the current administration.”

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Addressing Amaechi’s claims regarding fuel subsidy savings, the presidential aide said the ex-minister was fully aware of the fiscal damage caused by the subsidy regime, noting that the Nigerian National Petroleum Company Limited (NNPCL) had stopped remitting revenues and resorted to advance crude sales to cover costs.

“In 2022 alone, the FG’s subsidy bill was ₦4.39 trillion — nearly half of what Nigeria spent on petrol subsidies over a nine-year span from 2006 to 2015,” he said.

He explained that the real gain of subsidy removal was not in direct cash savings but in halting “unsustainable borrowing” and stopping the mortgaging of future oil revenues. Olusegun further revealed that since January 2025, NNPCL began remitting 50% of crude oil revenues to the federation account, significantly increasing monthly disbursements to states.

“These tiers [of government] are not private pockets. Thanks to increased allocations, 33 states have repaid ₦1.85 trillion out of their ₦5.82 trillion in domestic debt — more than 30% repayment,” he said, describing it as a direct benefit of subsidy reforms.

On the issue of foreign exchange reforms, Olusegun defended the decision to float the naira, noting that the previous multiple exchange rate system cost Nigeria over ₦13.2 trillion between 2021 and 2023 in what he termed “FX subsidy losses” — money he said “went exclusively to private pockets.”

He added that under Tinubu’s administration, foreign reserves rose from $3.99 billion in 2023 to $23.11 billion in 2024, while over $10 billion was used to clear external obligations, including debts to international airlines.

“Nigeria is no longer on the IATA list of countries with blocked funds. This was possible due to increased FX liquidity,” he said.

Olusegun also accused Amaechi of turning a blind eye to his own legacy in office and warned that attempts to undermine the current administration with misinformation would not go unchallenged.

“This administration is cleaning up the mess it inherited, including from individuals like Mr. Amaechi, who now seek to play the saint,” the statement added.

 

JUST IN: Presidency replies Amaechi on use of post-subsidy revenue

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Akpabio sues Natasha for ₦200bn over sexual harassment allegations

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Senator Natasha Uduaghan and Senate President Godswill Akpabio

Akpabio sues Natasha for ₦200bn over sexual harassment allegations

Senate President Godswill Obot Akpabio has instituted a ₦200 billion defamation lawsuit against Senator Natasha Akpoti-Uduaghan, accusing her of spreading malicious sexual harassment allegations that he says have severely damaged his public image.

According to documents filed before the High Court of the Federal Capital Territory, Abuja, Akpabio is seeking substantial damages, public retractions, and nationwide broadcast apologies. He argues that Senator Akpoti-Uduaghan’s televised, radio, and online interviews portrayed him as a sexual predator who abused his office for personal gratification—claims he insists subjected him to widespread ridicule and reputational harm.

The lawsuit includes a comprehensive statement of claims and a list of witnesses. Akpabio is also asking the court to compel the removal of all online materials containing the disputed allegations and to order repeated public apologies across major media outlets.

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A court order issued on 6 November 2025 granted permission for substituted service through the Clerk of the National Assembly after initial attempts to reach Senator Akpoti-Uduaghan directly were unsuccessful. The case is now moving forward and is expected to become one of the most closely watched political legal battles in Nigeria.

Responding on 5 December 2025, Senator Natasha Akpoti-Uduaghan confirmed receipt of the suit and expressed readiness to defend her allegations before a competent court. She stated that she had previously been prevented from presenting a petition before the Senate Committee on Ethics and Privileges due to claims that a related case was already in court—an action she believes protected the Senate President from legislative scrutiny.

In a strongly worded response, the Kogi Central senator maintained that the court proceedings will finally provide the platform to substantiate her claims. She reiterated her stance that she experienced sexual harassment and that her refusal to comply with the alleged advances prompted sustained political retaliation.

See you in court, Godswill Akpabio,” she declared.

Akpabio sues Natasha for ₦200bn over sexual harassment allegations

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NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party

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NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party

The Nigeria Labour Congress (NLC) has warned that it will no longer remain passive as criminal gangs intensify violent attacks across the country, declaring its readiness to hold a national day of mourning and mobilise nationwide protests over the escalating insecurity in Nigeria.

Speaking at the opening of the NLC’s National Executive Council (NEC) meeting in Lagos, NLC President Joe Ajaero said the country was “under siege,” condemning the latest school kidnapping and the reported withdrawal of security personnel before the attack. He demanded a full investigation to expose any possible compromise within the nation’s security architecture.

“The NLC cannot stand idly by and allow criminals to take over our country—never again. We want to know who ordered the withdrawal of security operatives from that school. We will not allow kidnappers and bandits to overrun our nation,” Ajaero said.

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He stressed that the labour movement would soon announce details of the planned protests and national mourning, insisting the lives of teachers, students and workers were in grave danger. “It is getting out of hand. We can no longer bear this,” he added.

Ajaero also revealed that the NLC had withdrawn its representatives from the Labour Party, accusing them of pursuing personal interests rather than representing workers.

Human rights lawyer Femi Falana, SAN, who addressed the meeting, warned that the country was in “serious trouble” over rising kidnappings and attacks. He rejected calls for foreign military intervention, cautioning that such a move would undermine Nigeria’s sovereignty.

Falana criticised recent statements by former U.S. President Donald Trump, describing them as unacceptable. He urged President Bola Tinubu to take decisive action to protect citizens, saying: “We want to let the world know that we are not a conquered people.”

He called on labour unions, civil society organisations and Nigerians to prepare to resist any further decline in national security.

NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party

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Boris Johnson Hails Kemi Badenoch as “Future UK Prime Minister” During Visit to Nigeria

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Boris Johnson Hails Kemi Badenoch as “Future UK Prime Minister” During Visit to Nigeria

Former British Prime Minister Boris Johnson has praised UK Conservative Party leader Kemi Badenoch, describing her as a “future Prime Minister of the United Kingdom” during his visit to Nigeria for the Imo State Economic Summit 2025.

Speaking in Owerri, Imo State, on Thursday, Johnson commended Governor Hope Uzodimma for his efforts to boost economic development and improve security, noting that he felt “perfectly safe” despite earlier warnings about Nigeria’s security situation.

Johnson highlighted the state government’s push to deliver 24-hour electricity, stressing that reliable power and clean, sustainable energy are essential for economic growth as the world moves into an Artificial Intelligence (AI)-driven future.

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He also emphasized the strong historical and economic ties between Nigeria and the United Kingdom, praising the exchange of goods, services, and highly skilled professionals between both countries.

In a humorous remark that sparked applause, Johnson said: “We send you former UK prime ministers, and you send us future UK prime ministers in the form of Kemi Badenoch.”

The summit, attended by Vice President Kashim Shettima, former UN Secretary-General Ban Ki-moon, business mogul Aliko Dangote, and other top government and private-sector leaders, focused on strategies to accelerate Imo State’s economic transformation.

Boris Johnson Hails Kemi Badenoch as “Future UK Prime Minister” During Visit to Nigeria

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