BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

The federal government has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal year.

Atiku Bagudu, Minister of Budget and Economic Planning, disclosed this to journalists on Thursday following the Federal Executive Council (FEC) meeting chaired by President Bola Tinubu.

Bagudu revealed that the council had approved the Medium-Term Expenditure Framework (MTEF) for 2025-2027.

READ ALSO:

• EFCC arrests ex-NCMB boss over $35m energy project fraud
• FG gets fresh $134m loan from AfDB for agric projects
• Court adjourns Yahaya Bello’s trial till Nov 27

According to the minister, the government has pegged the crude oil benchmark at $75 per barrel, with an oil production target of 2.06 million barrels per day (bpd).

The budget also sets the exchange rate at N1,400 per dollar and aims for a gross domestic product (GDP) growth rate of 6.4%.

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

Court adjourns Yahaya Bello’s trial till Nov 27

The Economic and Financial Crimes Commission (EFCC) has requested an adjournment in the new case against the immediate past Governor of Kogi State, Yahaya Bello, stating that the 30-day window for the previously issued summons is still active.

The commission has granted administrative bail to his co-defendants, Umar Oricha and Abdulsalami Hudu, and asked the court for an extension of time for Bello to appear.

At the resumed hearing before Justice Maryann Anenih of the Federal Capital Territory High Court, Abuja, EFCC Counsel Jamiu Agoro noted that the court’s order from October 3rd had not yet expired.

“In that wise, we feel it will not be appropriate for us to take proceedings while that 30 days is still running. So we have discussed and agreed to come back on the 27th day of November, 2024, my lord,” he told the court.

READ ALSO:

• We are understaffed, ICPC boss laments
• Edo Gov Okpebholo freezes govt accounts, reverses ministry’s name
• Wike claims Adeyanju became activist after he rejected request to be PDP Publicity Secretary

He also mentioned that the previously set date of November 20th was not convenient for the prosecution counsels.

Counsel to the second defendant, Aliyu Saiki, SAN, confirmed that his client had been granted administrative bail by the prosecution and had no objection to the adjournment request. The third defendant’s counsel, ZE Abass, concurred.

The prosecution counsel also requested the court to allow the notice of hearing to be pasted on the last known address of the first defendant.

After hearing from all counsels, the judge granted the EFCC’s application for adjournment and the issuance of the hearing notice.

“I have considered the application for adjournment by the complainant and issuance of hearing notice and the submission by the second and third defendants. The application is granted,” she said.

Justice Anenih then adjourned the case to November 27th for arraignment.

The former governor, alongside Umar Oricha and Abdulsalami Hudu, are being prosecuted as 1st to 3rd defendants, respectively, in a fresh 16-count charge instituted against them by the EFCC.

Court adjourns Yahaya Bello’s trial till Nov 27

We are understaffed, ICPC boss laments

Musa Adamu Aliyu, the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has stated that the Commission is understaffed and under-resourced. Aliyu says this is limiting the commission’s efficiency.

According to a statement on the ICPC website published on Wednesday, Aliyu made this known on Monday while presenting the Commission’s performance scorecard to the Senate Committee on Anti-Corruption and Financial Crimes.

“Currently, we have 21 state offices, but they are severely understaffed and under-resourced, which affects our efficiency nationwide,” he said.

Aliyu mentioned that the ICPC suffered from inadequate funding, which hampers the pursuit of investigations, legal proceedings and public education efforts.

Cases involving politicians, where external influences can challenge the impartiality and integrity of investigations, are also some of the challenges bedevilling the ICPC.

READ ALSO:

• Edo Gov Okpebholo freezes govt accounts, reverses ministry’s name
• Wike claims Adeyanju became activist after he rejected request to be PDP Publicity Secretary
• VeryDarkMan to Falana: I won’t apologise to anybody

Aliyu cited slow court processes as one of the factors preventing the swift resolution of corruption cases and undermining public trust in anti-corruption efforts.

“Our work requires diverse expertise, from forensic analysis to psychology, yet rising living costs make it increasingly difficult to maintain high morale among staff. Reviewing salaries and welfare benefits is essential for sustainable productivity,” Aliyu said.

“Additionally, ICPC personnel face security risks, especially during high-stakes investigations, making it critical to provide them with adequate security measures similar to those granted to other agencies.

“We urge you to consider the Commission’s requests for adequate funding to strengthen operational resources. Such support will enable us to pursue a more effective, inclusive, and resilient fight against corruption in Nigeria.”

We are understaffed, ICPC boss laments