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Reps summon NNPC, CBN, FIRS, EFCC, probe illicit financial flows

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The House of Representatives has resolved to invite various departments and agencies of the Federal Government over illicit financial flows in Nigeria.

At the plenary on Thursday, the House specifically mandated its committees on Finance; Anti-Corruption; Financial Crimes; Banking and Currency; and Insurance and Actuarial Matters to ‘investigate the phenomenon of illicit financial flows and appraise the Federal Governments current policy framework to curb the continuous loss of Nigeria’s’ revenues to illicit financial flows’.

The House also mandate the committees on finance; national planning and economic development; anti-corruption; financial crimes; banking; and currency and insurance and actuarial matters to appraise the Federal Inland Revenue Service’s current framework for identifying, tracing, preventing and sanctioning cross-border tax evasion and other illicit financial outflows.

The committees are to invite the Minister of Finance, Budget and National Planning, Zainad Ahmed; and heads of the Federal Inland Revenue Service, Economic and Financial Crimes Commission, Central Bank of Nigeria, Independent Corrupt Practices and Other Related Offences Commission, Nigerian Financial Intelligence Unit, Nigerian Export-Import Bank, Nigerian National Petroleum Corporation ‘and any other relevant institutions’.

They are to ‘address the committees on the continuous loss of government revenues to illicit financial flows and present reports on the measures to curb revenue losses, particularly the coordinated implementation of the automatic exchange of information standard, to prevent further revenue leakages, curb tax evasion and money laundering activities’.

These resolutions followed the unanimous adoption of a motion moved by Chairman of the House Committee on Local Content, Ochiglegor Idagbo, titled ‘Need to appraise Nigeria’s legal framework against illicit financial flows’.

Idagbo explained that IFF was the cross-border transfer of capital that was illegally earned, transferred or utilised, and often consisted of commercial money laundering, tax evasion and proceeds of corruption and criminal activities.

The lawmaker said that the socioeconomic development of Nigeria had deeply suffered due to the unabated cross-border financial dealings of the nation’s revenues resulting from illicit financial flows.

Idagbo decried that statistics showed that the amount of revenues lost annually was more than what came in as  development aid.

“The net official development aid received by Nigeria in 2017 was $3,358,790,000, and the United States Agency for International Development has donated over $526.7m in humanitarian assistance to Nigeria and the Lake Chad Basin since 2017. Yet, none of the aforementioned figures matches the estimated $15 and $18bn Nigeria loses to IFFs annually, hence Nigeria continues to struggle with growing inequality, poor infrastructure and lacking service delivery,” he said.

The lawmaker further decried that despite having at least 12 institutions and agencies responsible for tackling IFF and related crimes, Nigeria continued to be menaced by weak regulatory structures and complicity of other financial secrecy.

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Publicity Helps Terrorists, Not Victims — Reno Omokri Warns

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Publicity Helps Terrorists, Not Victims — Reno Omokri Warns 
Ambassador-designate to Mexico, Reno Omokri

Publicity Helps Terrorists, Not Victims — Reno Omokri Warns 

Former presidential aide and author, Reno Omokri, has argued that excessive publicity and global attention on terrorist activities often benefit perpetrators rather than pressure them into releasing victims.

In a detailed statement, Omokri maintained that terrorists thrive on attention and deliberately use media coverage to spread fear, attract influence, and strengthen their operations. He referenced former British Prime Minister Margaret Thatcher’s famous remark that “publicity is the oxygen of terrorism,” arguing that this principle remains relevant in modern counterterrorism strategy.

Omokri said public reactions to high-profile abductions, including global campaigns and celebrity involvement, can unintentionally increase the value of hostages in the eyes of kidnappers, making their release less likely.

He cited the case of the #BringBackOurGirls campaign following the 2014 Chibok schoolgirls’ abduction, claiming that international attention elevated the profile of Boko Haram and complicated rescue efforts. According to him, what began as a humanitarian movement eventually made the girls “high-value hostages” in the hands of their captors.

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The former presidential spokesman also said he personally engaged in international advocacy efforts to secure the release of abducted Leah Sharibu, including meetings with world leaders and funding personal initiatives. However, he claimed security experts later advised that excessive publicity around her case may have inadvertently increased her value to terrorists.

Omokri further referenced guidance allegedly contained in journalism and security manuals on terrorism coverage, arguing that responsible reporting should avoid amplifying fear or giving undue attention to terrorist acts.

He insisted that government security agencies continue to work behind the scenes to secure the release of abducted victims, while urging Nigerians to avoid emotionally driven reactions that may, in his view, complicate rescue operations.

According to him, terrorists are strategic actors who benefit from attention, and reducing publicity around their actions may weaken their psychological impact and operational incentives.

Omokri concluded that counterterrorism efforts require a more rational and less emotional public response, warning that sustained global amplification of kidnapping incidents may unintentionally serve the interests of criminal groups rather than victims.

Publicity Helps Terrorists, Not Victims — Reno Omokri Warns

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Democracy Day: Tinubu Unveils Security, Economic Plans, Honours June 12 Heroes

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Democracy Day: Tinubu Unveils Security, Economic Plans, Honours June 12 Heroes
President Bola Ahmed Tinubu

Democracy Day: Tinubu Unveils Security, Economic Plans, Honours June 12 Heroes

President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to strengthening Nigeria’s democracy, improving national security, deepening economic reforms, and delivering prosperity to citizens as the country marked Democracy Day 2026.

In his nationwide Democracy Day address on Friday, Tinubu celebrated Nigeria’s 27 years of uninterrupted democratic rule, describing it as the longest stretch of civilian governance in the nation’s history.

The president said that despite existing challenges, democracy remains the foundation of Nigeria’s progress and called on citizens to continue defending and strengthening democratic institutions.

According to him, Nigerians have consistently chosen their leaders through elections, witnessed peaceful transfers of power, and resolved political disputes through constitutional means rather than violence.

Tinubu urged the Independent National Electoral Commission (INEC), security agencies, political parties and voters to ensure peaceful and credible elections in Ekiti and Osun states, warning that democracy suffers whenever citizens lose confidence in the electoral process.

Addressing young Nigerians, the president encouraged them to build their future at home rather than seeking opportunities abroad. He urged the youth to innovate, create businesses, participate in governance and contribute actively to national development.

On security, Tinubu acknowledged growing concerns over recent kidnappings and insecurity, including the abduction of schoolchildren in Oyo and Borno states. He stressed that democracy cannot thrive without security and assured Nigerians that his administration remains committed to protecting lives and property.

The president disclosed that the Federal Government had declared a security emergency and approved the recruitment of more than 50,000 police officers alongside thousands of military personnel to strengthen the country’s security architecture.

He further revealed that the 2026 Budget allocates N5.41 trillion to defence and security, describing it as the largest security allocation in Nigeria’s history.

Providing updates on counter-terrorism efforts, Tinubu said Nigerian security forces have significantly degraded terrorist operations across the country. He noted that troops recently destroyed an ISWAP command centre in Arege, Borno State, while terror-related deaths have reportedly declined by 81 per cent since 2015.

According to the president, more than 13,000 terrorists have been neutralised within the past year, while over 124,000 insurgents and their dependants have surrendered through the government’s Operation Safe Corridor deradicalisation programme since 2023.

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Tinubu warned bandits, kidnappers and sponsors of terrorism to either surrender or face decisive military action, stressing that the government would show no mercy to individuals who continue to threaten national peace and security.

Reflecting on the significance of June 12, the president paid tribute to the late Chief Moshood Kashimawo Olawale Abiola, widely recognised as the winner of the annulled June 12, 1993 presidential election, and his wife, Alhaja Kudirat Abiola.

He also honoured several pro-democracy activists and national figures whose sacrifices contributed to the restoration of democratic governance in Nigeria. Among those recognised were Chief Gani Fawehinmi, Chief Bola Ige, Chief Alfred Rewane, Pa Abraham Adesanya, Chief Anthony Enahoro, Dr Beko Ransome-Kuti, Frank Kokori, Shehu Musa Yar’Adua and many others.

The president said the greatest tribute Nigerians can pay to the heroes of June 12 is to strengthen democratic institutions, uphold justice, protect freedoms and create opportunities for citizens.

On the economy, Tinubu defended the reforms introduced by his administration since assuming office in 2023, insisting that they were necessary to rescue the country from fiscal instability and restore investor confidence.

According to him, the reforms have improved public finances, increased federation revenues, enhanced fiscal transparency and attracted investments into critical sectors such as agriculture, energy, technology, manufacturing, mining and transportation.

The president noted that Nigeria’s domestic refining capacity has expanded significantly, helping to improve energy security and reduce dependence on imported petroleum products.

Tinubu also highlighted efforts to reform the electricity sector, which he described as one of the most challenging areas inherited by his administration.

He said the signing of the Electricity Act has empowered states to generate, transmit and distribute electricity independently, while the Presidential Power Sector Task Force is working to address the country’s metering deficit and settle legacy debts within the power sector.

The president revealed that the Rural Electrification Agency, with support from the World Bank and the African Development Bank, has expanded off-grid and mini-grid electricity projects to underserved communities, universities, hospitals and markets nationwide.

On infrastructure and agriculture, Tinubu disclosed that the National Agricultural Development Fund is implementing a plan to deploy 10,000 tractors over five years to boost food production and agricultural productivity.

He also announced that more than 1,000 small and medium-sized enterprises (SMEs) have been certified for exports, while Nigeria’s non-oil exports grew by 21 per cent in the past year.

Despite these gains, the president admitted that many Nigerians continue to face economic hardship and rising living costs. He said his administration remains focused on reducing inflation, creating jobs, increasing food production and improving living standards.

Tinubu reiterated his support for financial autonomy for Nigeria’s 774 local government councils, arguing that effective grassroots governance is critical to national development and security.

According to him, the collapse of local governance structures over the years contributed significantly to insecurity and underdevelopment in many communities.

In a major highlight of the address, the president announced national honours for dozens of pro-democracy activists, journalists, politicians and civil society leaders who played significant roles in Nigeria’s democratic struggle.

Among those listed for national recognition were Joe Okei-Odumakin, Richard Akinnola, Debo Adeniran, Niran Malaolu, Femi Aborisade, Babajide Kolade-Otitoju, Gbemiga Ogunleye, Muyiwa Adekeye, Ike Okonta and several others.

Tinubu also recognised a number of military officers who supported the June 12 democratic struggle and announced that the honours list would be formally released in the coming days.

Additionally, the president approved the renaming and revitalisation of the completed Institute of Petroleum Studies in Kaduna as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology in honour of the late military officer and pro-democracy advocate.

Concluding his address, Tinubu urged Nigerians to reject division, despair and cynicism, and instead embrace unity, hope and national purpose.

He said the generation that fought for June 12 secured political freedom for Nigeria, while the responsibility of the current generation is to secure economic prosperity and ensure democracy delivers tangible benefits to every citizen.

“June 12 reminds us that Nigerians do not break. We bend, we bleed, but we do not break,” the president said.

He called on citizens to renew their commitment to democracy and work together towards building a united, prosperous and secure nation.

Democracy Day: Tinubu Unveils Security, Economic Plans, Honours June 12 Heroes

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Full Text of President Bola Ahmed Tinubu’s Democracy Day Address

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Full Text of President Bola Ahmed Tinubu’s Democracy Day Address
President Bola Ahmed Tinubu

Full Text of President Bola Ahmed Tinubu’s Democracy Day Address

Fellow Nigerians

Today, we celebrate democracy and the enduring Nigerian spirit. For 27 unbroken years, since May 29, 1999, Nigerians have chosen their leaders through the ballot, witnessed peaceful transitions of power, and resolved disagreements in courtrooms and legislative chambers—not through violence. We have experienced the longest stretch of civilian rule in our history. Our democracy is not perfect, but it is ours, and we must continue to defend and strengthen it.

In the coming days, Ekiti and Osun States will hold elections. I urge INEC, security agencies, and all parties to ensure these polls are peaceful and credible. Democracy fails when citizens doubt the process. To our National Assembly, Judiciary, the Press, and Civil Society: you are the guardrails of our republic. Criticise me, disagree with me, but never stop believing in Nigeria.

To our young people: Nigeria is your home and your future. Build here, code here, work here, and vote here. Every great nation was built by those who stayed to solve problems, not by those who abandoned ship.

To our armed forces, police, and intelligence services: Nigeria salutes your sacrifice. To our traditional rulers, faith leaders, and community heads: thank you for your support of peace and reconciliation. The government cannot do it alone.

Today, we honour the resilience of Nigerians who refused to surrender their faith in freedom, and the courage of those who stood firm against intimidation. We pay tribute to patriots who endured persecution, imprisonment, exile, and even death so that future generations could enjoy democracy. I salute labour leaders, journalists, activists, students, women, professionals, political leaders, and soldiers—both those who have passed and those still with us—for their patriotic contributions.

Though this year’s mood is dampened by the abduction of our children in Oyo and Borno, we remain hopeful for their safe return. Democracy without security is not solid enough. That is why this administration declared a security emergency and approved the recruitment of more than 50,000 new police officers and thousands of military recruits. Our 2026 budget commits N5.41 trillion—our largest ever—to defence and security. Our administration is ever ready to do much more to secure our people.

We have moved from training with our allies, the United States, France and other European countries, to precision targeting. In Arege, Borno State, we degraded ISWAP’s command centre. Terror-related deaths are down by 81% since 2015. Over 13,000 terrorists have been neutralised in the past year. But we also keep the door of surrender open. Over 124,000 fighters and dependents have laid down their arms since 2023 through Operation Safe Corridor.

To bandits, kidnappers, and sponsors of terror: Surrender or face the full force of the Nigerian State. These windows of surrender will not remain open forever. No mercy will be shown to those who trade in the blood of Nigerians.

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At a time like this, let us not assign blame or point fingers. Crime has no ethnicity. We must stand united and be assured that the enemies of our nation shall soon be history. We will triumph over terror and continue to build a more prosperous nation.

June 12 occupies a sacred place in our national memory. It represents more than an election; it is a defining chapter in our story. We remember Chief M.K.O. Abiola, who won a pan-Nigerian mandate transcending ethnicity and religion. We remember Alhaja Kudirat Abiola.

Full Text of President Bola Ahmed Tinubu’s Democracy Day Address

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