News
Senate alarmed as agency spends N8.5bn, generates N410m, remits only N30m
The National Board for Arabic and Islamic Studies (NBAIS) is alleged to have been spending N8.5 billion yearly for its 5,963 staff to conduct examination for students.
The board conducts examination for students of Arabic and Islamic studies and hopes to expand its operations nationwide.
But when the Senate Committee on Finance and Appropriation met with the NBAIS leadership, it was discovered that the examinations may stand out as the most expensive in Nigerian history.
Following the discovery of heavy spending by the Board in the discharge of its duty, the Senators gave knocks to the Registrar and Chief Executive of the Board, Prof. Mohammed Shafiu Abdullahi, for spending so much money to achieve little.
The board was also accused of not remitting money generated to the Consolidated Revenue Fund (CRF).
In his explanation, Abdullahi said the institution paid N30 million into the CRF out of the N410 million generated from the conduct of the examination. But this did not go down well with the Senate committee prompting the Chairman of the Committee, Senator Solomon Adeola, to query why the institution conducted just one exam in a year and spent over N410 million.
Adeola said, “To conduct an exam in a year, they are saying they have spent over N380 something million and you are here to collect another budget from the Federal Government, having contributed just N35 million.
“And if they are asked for their budget, they will be telling me in the region of N10 billion to N20 billion.”
Senator Abiodun Olujimi, a member of the committee who also felt alarmed by the conduct of the Board said there was urgent need to investigate the activities of the agency.
She said, “5,963 members of staff arranging for one examination in a year and being paid N8.5 billion and now generating only N410 million out of which you remit only N35 million. There is a need to look deeper into what this is all about.”
The committee resolved to set up a sub-committee that will investigate the board.
Prof. Abdullahi recently hinted on the board’s plan to increase the number of schools attending its examinations across the country.
Abdullahi said this at a two-day workshop on Corporate Communication and Strategic Information Management for NBAIS officers in Abuja.
“Now we have not less than 1600 schools across the country sitting for our examinations and same time we achieved to convince the government to give us recognition, approval to operate nationally,’’ he said.
On the workshop, the registrar said it was very important to all the staff, adding that it was important because it was specifically information technology.
“We have workers on ICT, most of them are new, you know, the board started new recently. So, we need to educate our people on that area, that is why we planned the workshop and we will soon have similar workshop,’’ he said.
On the board’s achievements, Abdullahi said was to have a unique and national curriculum for Arabic and Islamic schools.
“Secondly, we are able to mobilise even government to establish such institutions,’’ he said.
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News
Tinubu’s UNGA Absence Fuels Questions Over Planned Trump Meeting
An American lobbying firm linked to former Vice President Atiku Abubakar has claimed that a proposed meeting between President Bola Tinubu and US President Donald Trump on the sidelines of the United Nations General Assembly will no longer take place.
The claim by Von Batten Montague York-LC came shortly after the Nigerian Presidency confirmed that Tinubu would not physically attend the 81st UN General Assembly in New York.
Instead, Vice President Kashim Shettima has been directed to lead Nigeria’s delegation to the gathering.
In a post on X, the US-based firm said the proposed Tinubu-Trump meeting had been cancelled. It also claimed that any possible US endorsement of Tinubu ahead of Nigeria’s 2027 presidential election was no longer on the table.
The firm alleged that securing a meeting with Trump and obtaining his endorsement was a major objective of Tinubu’s planned UNGA trip. It further claimed that about $9 million in Nigerian public funds had been spent on efforts to facilitate the proposed engagement.
Those allegations have not been independently established.
Tinubu to Miss UNGA
The development follows the Presidency’s confirmation that Tinubu will not attend the annual gathering in person.
The President had previously been listed as a speaker for the high-level General Debate, but the government subsequently announced that Shettima would represent him.
The change ends weeks of uncertainty over whether Tinubu would travel to New York. Nigeria’s UN ambassador had earlier indicated that arrangements had been made for the President to attend the 81st session.
Meanwhile, reports of a possible Tinubu-Trump meeting had attracted attention because of the two countries’ diplomatic and economic engagements.
The latest statement by the lobbying firm is therefore another development in the ongoing debate over whether such a meeting would take place. However, the firm’s claims about the proposed meeting, the alleged $9 million expenditure and Tinubu’s supposed objective remain allegations rather than independently verified facts.
Tinubu’s UNGA Absence Fuels Questions Over Planned Trump Meeting
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News
EFCC Recovers N140m for B4 Sail as Alleged Loan Debt Hits N2.25bn
EFCC Recovers N140m for B4 Sail as Alleged Loan Debt Hits N2.25bn
The Economic and Financial Crimes Commission (EFCC) has returned N140 million recovered during an investigation into an alleged loan fraud to B4 Sail Limited, an investment and money-lending company in Lagos.
The funds were handed over in bank drafts on Thursday, September 17, at the EFCC’s Lagos Zonal Directorate 2 office in Ikoyi.
The Acting Zonal Director, Bawa Usman Kaltungo, presented the recovered money to representatives of B4 Sail.
How the Investigation Began
The recovery followed a petition filed by B4 Sail on April 20, 2026, concerning Jacob Oyebola Esan and companies linked to him.
According to the petition, Esan approached the company in August 2025 on behalf of Geo Fields Plc to secure a N500 million loan to support the business.
The facility reportedly carried a monthly interest rate of 15 per cent and was expected to be repaid within one month.
The EFCC said its investigation later established that Esan had obtained other loan facilities from B4 Sail, taking his total exposure to N1.065 billion.
As security for the loans, shares belonging to Esan were pledged through Calyx Securities Limited, which acted as the clearing house for the stocks. The arrangement reportedly gave B4 Sail a lien over the shares and first claim to proceeds from their sale.
However, the commission said the shares were eventually sold without B4 Sail’s knowledge.
This allegedly contributed to Esan’s failure to repay the facilities. With accrued interest, the outstanding amount subsequently rose to N2.2505 billion.
The EFCC said the N140 million recovery was being returned to the company as part of its responsibility to ensure recovered funds reach legitimate owners and victims after due process.
EFCC Recovers N140m for B4 Sail as Alleged Loan Debt Hits N2.25bn
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News
Soludo Pardons Native Doctor Akwa Okuko After 2-Year Jail Sentence
Soludo Pardons Native Doctor Akwa Okuko After 2-Year Jail Sentence
Controversial Anambra native doctor Chidozie Nwangwu, widely known as Akwa Okuko Tiwara Aki, has received a pardon from Governor Chukwuma Soludo.
The governor made the announcement on Friday while visiting the Correctional Centre in Amawbia as part of an inspection of custodial facilities in the state.
Nwangwu’s release comes after the High Court in Awka sentenced him to two years in prison following his arrest by the state government.
Although the court imposed a two-year sentence, the time Nwangwu had already spent in custody was taken into account. Consequently, he was left with 11 months to complete his term.
Conditions Attached to the Court Sentence
The court had also ordered the demolition of Nwangwu’s shrine as part of the measures arising from the case.
In addition, it directed that once he completed his sentence, the native doctor should contribute to youth reorientation programmes. He was also expected to renounce Oke-ite and related charm practices and publicly speak against them.
Authorities had accused Nwangwu of involvement in fetish-related activities, including alleged preparation of charms reportedly intended for young people pursuing financial gains.
His arrest came amid the Anambra State Government’s campaign against practices it linked to criminality and fraudulent activities.
During Friday’s visit, Soludo said his pardon initiative was not solely about Nwangwu. He stressed that attention must also be given to the welfare and wellbeing of people held in correctional facilities.
The governor subsequently inspected the custodial facility at Waterside, Onitsha, as part of the exercise.
Soludo Pardons Native Doctor Akwa Okuko After 2-Year Jail Sentence
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