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“WE OWE NO ONE AN EXPLANATION!” Wale Edun Shocks Nigerians Over $5 Billion Abu Dhabi Loan Transparency!.

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Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, has pushed back against demands for the Federal Government to disclose specific expenditure plans regarding the $5 billion financing facility secured from First Abu Dhabi Bank.....KINDLY READ THE FULL STORY HERE▶

Reports indicate that the government recently drew down roughly $1.5 billion—the initial tranche of the Total Return Swap facility—despite cautions raised by organizations like the International Monetary Fund and Fitch Ratings regarding potential risks tied to such financial instruments.

Addressing the media in Abuja on Wednesday, Oyedele maintained that the transaction has faced unwarranted scrutiny, noting that the arrangement received formal approval from the National Assembly and is intended to help retire higher-cost debt.

When questioned about transparency and whether the breakdown of the borrowing plan would be made public, Oyedele stated that while general public spending is disclosed, this particular facility should not be singled out:

“We will not publish how we are spending it. We will publish how we spend government money. There’s nothing special about that loan… Nobody has asked us whether we’re going to publish the money we took from the World Bank, whether we publish the one from Eurobond, whether we publish the one from Sukuk. Why is this one special?”

Dismissing claims that the process lacked due process, the minister emphasized that it was properly presented to the legislature. He also explained that the funds are being drawn in phases to prevent unnecessary costs and that the facility features a flexible interest rate structure designed to lower overall borrowing expenses over time.

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THE END OF AN ERA: Atiku Reveals Definitive Exit Timeline From Presidential Races!.

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The standard-bearer of the African Democratic Congress (ADC), Atiku Abubakar, has announced that regardless of the outcome, next year’s polls will mark his final bid for the presidency.....KINDLY READ THE FULL STORY HERE▶

Reports indicate that the former Vice President made the declaration during a live session on Facebook on Thursday, reflecting on his previous runs for the nation’s highest office.

During the session, Atiku also reiterated criticisms regarding President Bola Tinubu’s academic credentials, maintaining his stance that questions surrounding the qualification remain unresolved and unacceptable for a sitting leader.

Additionally, the former Vice President pledged to reintroduce the petrol subsidy if elected, arguing that the current administration’s removal of the policy has placed an undue economic burden on citizens without delivering visible corresponding benefits. While President Tinubu initially terminated the subsidy in May 2023 to free up resources for infrastructure and governance, Atiku stated that his perspective on the policy shifted after assessing its severe consequences on everyday living costs.

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THE BATTLE OF TITANS: Presidency Breaks Silence On High-Stakes Showdown With Catholic Cleric!.

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Temitope Ajayi, the Senior Special Assistant to President Bola Tinubu on Media and Publicity, has clarified that his recent remarks addressing Archbishop Emeritus of Abuja, Cardinal John Onaiyekan, were not intended to show disrespect to the cleric or the broader Christian community.....KINDLY READ THE FULL STORY HERE▶

Reports indicate that Cardinal Onaiyekan, accompanied by a delegation from the Catholic Bishops’ Conference of Nigeria (CBCN), had previously met with President Tinubu at the State House in Abuja to discuss critical national matters, including insecurity, the state of education, democratic principles, and rising poverty.

During a subsequent interview on Arise TV, Onaiyekan shared details of the private exchanges between the president and the bishops regarding the economy. In response at the time, Ajayi publicly criticized the cleric, describing his decision to reveal details of a closed-door meeting as “an abuse of clerical privilege.”

However, during a follow-up appearance on ARISE TV on Thursday, Ajayi explained that his initial comments were meant to offer a different perspective on the narrative rather than undermine the cardinal’s esteemed position in society or the church.

Affirming that the issue has been put to rest, the presidential aide stated:

“Well, I think that episode has been closed. Cardinal Onaiyekan is a respected clergy and a statement in his own right. My response to him did not in any way disrespect him or disrespect his standing in society and the church. He’s one of the leaders of the faith… I only tried to provide a different perspective from his own account of the bishop’s encounter with the president, and I think that point has been made. And I think it’s not something we really want to dwell further on.”

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STRANDED AT THE TERMINAL? FAAN Sparks Outrage With Plan To Kick Uber & Bolt Out Of Airports!.

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The Federal Airports Authority of Nigeria (FAAN) has clarified that ride-hailing services such as Uber and Bolt have not been prohibited from operating at the nation’s airports.....KINDLY READ THE FULL STORY HERE▶

According to reports, management issued a statement on Thursday to address growing anxieties regarding rumored restrictions targeting e-hailing operations across various facilities under its authority.

FAAN emphasized that its intent is neither to limit passengers’ freedom of choice nor to block digital transport providers from assisting air travelers. Instead, the focus is on maintaining regulatory compliance that reinforces security, protects passengers, and ensures seamless airport traffic flow.

The statement read in part:

“FAAN wishes to clarify that its position is not, and has never been, directed at limiting passengers’ access to transportation options or undermining the important role that e-hailing services play in providing convenient mobility to air travellers. The services must be identifiable, accountable and properly integrated into the airport’s operational and security framework. ACHRAMS is not an e-hailing application and is not intended to compete with or replicate the services provided by Uber, Bolt or any other e-hailing platform.”

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