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Shockwaves: SMEDAN Allocates Massive ₦5 Billion For Royal Rides While Critical Sectors Suffer!

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Shockwaves: SMEDAN Allocates Massive ₦5 Billion For Royal Rides While Critical Sectors Suffer!The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has earmarked ₦5 billion for the procurement of vehicles for selected traditional rulers across the six geo-political zones of Nigeria. This announcement was made on Monday in a statement by Tracka, a subsidiary of BudgIT, a non-governmental organization that monitors government expenditures and project implementation.....KINDLY READ THE FULL STORY HERE▶

According to Tracka, the 2024 federal budget includes over 2,558 projects worth ₦624 billion allocated to agencies outside their primary mandates.

“The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) allocated N5 billion for the ‘procurement and distribution of official vehicles to selected traditional rulers in the six geopolitical zones in Nigeria,’” Tracka reported.

Additionally, Tracka’s report revealed that SMEDAN allocated ₦1.2 billion for the purchase of operational vehicles for security purposes across Oyo, Ogun, Lagos, Ekiti, Ondo, and Osun States.

Furthermore, ₦496 million was designated for the construction and rehabilitation of rural roads in Urua Ibaya Market, Ikot Inyang, and Afang Obong in Akwa Ibom State. Another ₦300 million was allocated for the construction of a female ward at General Hospital in Zauro, Kebbi State.

© 2024 Naija News, a division of Polance Media Inc. Contact us via newsroom@naijanews.com or WhatsApp at +2348113851775.

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Fresh Development In Atiku’s Camp As Former Vice President Appoints North-West Coordinator.

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Former Vice-President Atiku Abubakar has appointed Abdul-Aziz Na’ibi Abubakar as his Special Assistant on North-West Regional Coordination, despite a recent court ruling that invalidated his presidential ticket.....KINDLY READ THE FULL STORY HERE▶

Na’ibi announced the appointment on Friday through his account, revealing that he would be responsible for coordinating campaign activities across Kano, Jigawa and Kaduna states.

In his reaction, the appointee expressed appreciation to the former Vice-President for entrusting him with the responsibility, praising Atiku for consistently promoting youth participation in politics.

He described Atiku’s commitment to youth inclusion and good governance as a source of inspiration for young Nigerians seeking opportunities to contribute to the country’s political development.

Na’ibi wrote, “I am deeply grateful to H.E. Atiku Abubakar for finding me worthy of this responsibility. His consistent commitment to youth inclusiveness and good governance has, for decades, provided a genuine platform for young Nigerians to grow, learn, and participate meaningfully in politics.

“That legacy continues to inspire many of us. We will work relentlessly until we secure victory for him in 2027. Tinubu must go!”

The appointment comes barely a day after the Federal High Court in Abuja, presided over by Justice Peter Lifu, delivered a judgment declaring the David Mark-led caretaker committee of the African Democratic Congress (ADC) illegal.

The court nullified decisions taken by the committee, including the presidential primary that produced Atiku as the party’s candidate. It also restrained the Independent National Electoral Commission (INEC) from recognising the outcome of the exercise.

However, Atiku and the ADC have rejected the ruling, describing their position as one that will be challenged at the Court of Appeal.

The former Vice-President has also insisted that his 2027 presidential ambition remains on course despite the legal setback.

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PDP Leadership Shake-Up: Cross River Gets New Chairman As Party Backs Wike’s Rainbow Coalition.

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The Cross River State chapter of the Peoples Democratic Party (PDP) has ratified Francis Bullem as its substantive chairman following the resignation of his predecessor, Venatius Ikem.....KINDLY READ THE FULL STORY HERE▶

The party also declared its support for the Minister of the Federal Capital Territory (FCT), Nyesom Wike, and endorsed his Rainbow Coalition.

The decisions were reached on Thursday during the party’s State Executive Committee (SEC) meeting held at its secretariat in Calabar.

In a communiqué issued after the meeting and signed by the State Publicity Secretary, Mike Ojisi, the committee confirmed that it had formally accepted Ikem’s resignation.

It also approved Bullem’s nomination and ratified his appointment as the new substantive chairman in accordance with Article 47, Sections 5 and 6 of the PDP Constitution (2017), as amended.

The development is expected to mark a new phase in the leadership of the party in Cross River State.

On the political front, the SEC endorsed Wike’s Rainbow Coalition and recognised the FCT Minister, a former Rivers State governor, as the party’s national leader.

The endorsement signals the Cross River chapter’s backing for the political platform being championed by Wike.

Meanwhile, the committee raised concerns over what it described as repeated attacks on PDP members and supporters of other opposition parties while conducting legitimate political activities across the state.

It condemned the alleged incidents and called for an atmosphere where political parties and their members could operate without intimidation or harassment.

The SEC also reiterated its commitment to protecting the rights of party members and ensuring adherence to the PDP constitution in the state.

Ikem had resigned as the Cross River PDP chairman on October 16, citing internal divisions, a lack of clear direction and leadership challenges within the party.

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Alleged Coup Plot: Court Admits Suspects’ Confessional Statements, Videos.

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The trial of six individuals accused of plotting to overthrow President Bola Tinubu’s administration took a fresh turn on Thursday after a Federal High Court in Abuja admitted their statements and interrogation videos as evidence.....KINDLY READ THE FULL STORY HERE▶

Justice Joyce Abdulmalik ruled that the defendants had failed to establish their claims that the statements were obtained through torture, inducement or coercion.

The defendants had challenged the admissibility of the documents, arguing that they did not make the statements voluntarily. Their objections prompted the court to order a trial-within-trial on May 11, 2026, to determine whether the confessions were made freely.

In her ruling, the judge held that there was no evidence to show that the defendants had acted under duress. She described their claims as an afterthought and found them unconvincing.

Consequently, the court admitted the statements and video recordings as exhibits. The fourth prosecution witness, a military officer identified by the codename AAA, tendered the video recordings.

The matter was adjourned until December 7 and 10 for continuation of the trial.

The six defendants are retired Major General Mohammed Gana, retired Navy Captain Erasmus Victor, Police Inspector Ahmed Ibrahim, Zekeri Umoru, Bukar Goni and Abdulkadir Sani.

The Federal Government arraigned them on April 22, 2026, on 13 counts bordering on treason, terrorism, failure to disclose security information and money laundering linked to terrorism financing.

The prosecution alleged that the defendants conspired to “levy war against the state to overawe the President.”

According to the charge sheet, Goni allegedly retained ₦50 million in funds suspected to be proceeds of terrorism financing, while Sani and Ibrahim were accused of keeping ₦2 million and ₦1 million, respectively.

Umoru was also accused of receiving ₦10 million in cash outside the banking system and possessing an additional ₦8.8 million allegedly linked to terrorism financing.

The prosecution further alleged that Ibrahim and Umoru participated in meetings connected to the purported plot.

Speculation about a possible coup attempt emerged after the Federal Government cancelled the October 1, 2025, Independence Day parade.

Although the Defence Headquarters initially dismissed the reports, it confirmed in January 2026 that investigations had uncovered an alleged plot involving some military personnel.

Meanwhile, families of the detained officers have staged protests and held press conferences, demanding transparent trials and access to their relatives.

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