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Atiku accuses Tinubu of making Buhari’s borrowing mistakes
Atiku accuses Tinubu of making Buhari’s borrowing mistakes
Atiku Abubakar, the Peoples Democratic Party’s 2023 presidential candidate, has criticised President Bola Tinubu’s 2025 budget proposal, accusing him of repeating his predecessor Muhammadu Buhari’s borrowing mistakes.
Atiku, who scrutinised the budget, claimed that it lacked the fundamental reforms and budgetary discipline required to confront Nigeria’s complex economic problems.
In a statement released on Sunday, Atiku questioned the budget’s ability to promote long-term economic growth or address the country’s long-standing issues.
On Wednesday, President Bola Tinubu delivered an N47.9 trillion budget proposal to a joint session of the National Assembly.
The proposed budget sets aside N4.91 trillion for military and security, N4.06 trillion for infrastructure, N2.48 trillion for health, and N3.52 trillion for education.
AtikuE criticised the budget proposal, saying it reflected a continuation of “business-as-usual” fiscal practices, which he claimed had persisted under the All Progressives Congress-led administration since 2016.
He contended that these tactics had resulted in chronic budget deficits and an increased reliance on foreign borrowing.
“To bridge this fiscal gap, the administration plans to secure over N13tn in new borrowings, including N9tn in direct loans and N4tn in project-specific financing.
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“This borrowing strategy mirrors the approach of previous administrations, leading to escalating public debt and compounding risks related to interest payments and foreign exchange exposure,” Atiku added.
The former Vice President emphasised the budget’s reliance on deficit financing, noting that it estimates N48 trillion in expenditures against a revenue prediction of N35 trillion, resulting in a deficit of more than N13 trillion—equivalent to 4% of the country’s GDP.
Atiku attacked the 2024 budget’s underperformance, which he attributed to weak execution capabilities.
“By the third quarter of 2024, less than 35% of the capital expenditure allocated to ministries, departments, and agencies had been disbursed, despite claims of 85% budget implementation. This raises concerns about the effective execution of the 2025 budget.
“The 2025 budget lacks the structural reforms and fiscal discipline required to address Nigeria’s multifaceted economic challenges.
“To enhance its credibility, the administration must prioritise reducing inefficiencies in government operations, tackling contract inflation, and focusing on long-term fiscal sustainability rather than perpetuating unsustainable borrowing and recurrent spending patterns.”
He also voiced concern about the allocation of N15.8 trillion (33% of total expenditure) to debt servicing, noting that it is roughly equivalent to the anticipated capital investment of N16 trillion (34%).
“This imbalance undermines fiscal stability, crowds out essential investments, and perpetuates a cycle of increasing borrowing.
“The government’s recurrent expenditure, which accounts for over N14tn (30% of the budget), remains disproportionately high, according to Atiku.
“This reflects the continued operation of an oversized bureaucracy and inefficient public enterprises, leaving limited resources for development projects,” Atiku said.
He further mentioned the inadequacy of capital spending, stating, “After accounting for debt servicing and recurrent expenditure, the remaining funds for capital spending—representing 25% to 34% of the total budget—are insufficient to address Nigeria’s infrastructure deficit or stimulate growth.
“This equates to an average capital allocation of N80,000 (approximately $45) per capita, which is inadequate for a country grappling with slow economic growth and infrastructural underdevelopment.”
He condemned the administration’s decision to increase the VAT rate from 7.5% to 10%, calling it a regressive measure that would exacerbate the cost-of-living crisis and impede economic growth.
“By imposing additional tax burdens on an already struggling populace, without addressing inefficiencies in governance, the government risks stifling domestic consumption and deepening economic hardship,” Atiku said.
Atiku advocated for a transition towards disciplined and growth-orientated fiscal policies, highlighting the need to reduce waste, improve the efficiency of public spending, and prioritise investments in important industries.
He finished by pushing the administration to reconsider its borrowing policy and implement changes that would ensure long-term fiscal sustainability and economic growth.
Atiku accuses Tinubu of making Buhari’s borrowing mistakes
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DPO Killed in Katsina Gun Duel With Bandits
DPO Killed in Katsina Gun Duel With Bandits
The Nigeria Police Force has confirmed that a Divisional Police Officer (DPO) was fatally shot by suspected bandits during a gunfight in Katsina State as security personnel responded to a distress call about cattle rustling and armed attacks. The incident marks another deadly encounter in the ongoing fight against banditry in northern Nigeria.
According to the Katsina State Police Command, the attack unfolded on Friday afternoon, February 13, 2026, at about 2 p.m. in Magaje Village, Rimi Local Government Area. Security operatives received reports that suspected bandits armed with dangerous weapons had launched an attack in the community, rustling livestock and firing shots sporadically.
In response to the distress call, the DPO of Rimi, CSP Muhammad Sani‑Kabir, mobilised officers from neighbouring divisions and worked with military personnel to track the suspects and recover the rustled animals. When the team caught up with the armed bandits at the outskirts of the village, a gun duel ensued.
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While the joint operation successfully neutralised three suspected bandits and recovered the stolen livestock, CSP Sani‑Kabir was tragically shot and killed during the exchange of fire. One other police officer sustained a gunshot wound and was taken to a nearby hospital, where he is reportedly responding to treatment.
The Katsina State Commissioner of Police, Bello Shehu, mourned the slain officer, describing him as a professional and dedicated police leader whose actions demonstrated bravery and a strong commitment to public safety. Shehu also expressed condolences to the DPO’s family, friends, and colleagues.
Authorities have launched a manhunt for any remaining attackers, and additional security reinforcement has been deployed to bolster efforts to protect residents and stabilise affected communities.
The incident underscores the persistent challenge of banditry and cattle rustling in Katsina State and the Northwest region, where armed criminal groups frequently ambush security forces, abduct civilians, and raid villages. Recent attacks across the state, including ambushes that killed other police officers, have heightened concerns about the safety of rural patrols and response teams.
Local leaders and security experts have called for enhanced intelligence, better equipment, and stronger collaboration between security agencies and communities to prevent such deadly confrontations and improve protection for both officers and civilians.
DPO Killed in Katsina Gun Duel With Bandits
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Kannywood Actress Samha Inuwa Jailed for Defacing ₦1,000 Note in Kano
Kannywood Actress Samha Inuwa Jailed for Defacing ₦1,000 Note in Kano
A popular Kannywood actress, Saadatu Mohammed Inuwa, known professionally as Samha, has been sentenced to six months’ imprisonment by a Federal High Court in Kano for mutilating the Nigerian currency, specifically a ₦1,000 note. The verdict reinforces Nigeria’s strict laws against naira abuse and the legal consequences of disrespecting the national currency.
The judgment was delivered on Friday, February 13, 2026, by Justice S.M. Shuaibu after Inuwa pleaded guilty to the one‑count charge filed under Section 21(1) of the Central Bank of Nigeria Act, 2007. The incident reportedly occurred in 2022 when she allegedly used a naira note to wipe her nose, an act deemed illegal under Nigerian law.
The prosecution, led by counsel Musa Isah, presented the facts of the case to the court following Inuwa’s admission of guilt. While the actress asked for leniency, the court imposed the six‑month sentence but allowed an option to pay a fine of ₦200,000 instead of serving jail time.
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The case gained nationwide attention after a video circulated on social media showing Samha allegedly soiling the ₦1,000 note. The footage prompted the Economic and Financial Crimes Commission (EFCC) to intervene. EFCC operatives from its Kano Zonal Directorate arrested her on February 3, 2026, following the viral clip.
Under Nigerian law, mutilating or defacing the naira — including tearing, spraying, stamping, soiling, or otherwise damaging the currency — is prohibited. Offenders can face imprisonment, fines, or both, as outlined in the Central Bank of Nigeria Act, 2007. In recent years, the EFCC has intensified enforcement against currency abuse, prosecuting several individuals, including high-profile figures, to protect the integrity of the Nigerian naira.
Samha Inuwa’s conviction serves as a warning to the public, particularly celebrities and influencers, about the legal repercussions of disrespecting Nigeria’s currency. The ruling highlights authorities’ commitment to enforcing laws governing the proper handling of legal tender and maintaining public confidence in the nation’s financial system.
Kannywood Actress Samha Inuwa Jailed for Defacing ₦1,000 Note in Kano
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Man Allegedly Kills Brother in Rivers Over Witchcraft Accusation
Man Allegedly Kills Brother in Rivers Over Witchcraft Accusation
A shocking murder has rocked Ofeh community in Omuma Local Government Area of Rivers State, where a man, identified as Nwalozie Chiwendu, allegedly killed his elder brother, Chidiebere Isaiah, after accusing him of witchcraft and “blocking his success.”
The incident reportedly occurred around 4 p.m. on Thursday, when the suspect, armed with a cutlass, confronted his elder brother over perceived interference in his personal and professional life. Eyewitnesses said the argument quickly escalated into violence, leaving the victim with multiple machete wounds. Social media posts circulating online showed Isaiah’s body lying in a pool of blood before he was rushed to a hospital, where he was pronounced dead.
Chima Chinonso, Youth President of Ofeh community, described the incident as “very unfortunate,” recounting how the community first learned about the attack.
“Yesterday evening, I got a call from people in my community about a sad incident involving two brothers from the same compound. The story is that the younger one, carrying a cutlass, butchered his elder brother. Before people could intervene, he ran after committing the act,” Chima said.
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Residents attempted to rush the victim to the hospital, but he died en route. The deceased’s remains were later deposited in the mortuary with the permission of the police. Chima also urged residents to remain calm and avoid taking the law into their own hands as investigations continue.
The Rivers State Police Command, through spokesperson Grace Iringe-Koko, confirmed the incident and stated that a manhunt has been launched to apprehend the suspect. She explained that initial reports suggest the suspect believed his brother’s alleged witchcraft was preventing his success. Police investigations are ongoing to ascertain the full circumstances surrounding the killing.
The suspect reportedly fled the scene immediately after the attack, and the community, alongside security agencies, is actively searching for him. Authorities have warned residents against taking personal action, stressing that the matter should be resolved within the legal framework.
This tragic event has reignited conversations about the dangers of superstitious beliefs, family disputes, and the consequences of unresolved conflicts in local communities. Experts warn that cultural beliefs, when combined with personal animosity, can escalate into fatal domestic violence.
Man Allegedly Kills Brother in Rivers Over Witchcraft Accusation
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