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Financial Earthquake: FCT Debt Explodes Past ₦389 Billion, Recording Over 500% Hike Under Wike!.
Under the administration of FCT Minister Nyesom Wike, the Federal Capital Territory’s domestic debt experienced a massive surge of over 500 percent, climbing by roughly ₦328 billion within a single year to reach ₦389 billion by March 2026. Financial records indicate that the debt stood at ₦61 billion in March 2025, grew to ₦189 billion by December 2025, and then spiked by an additional ₦200 billion over the following three months.....KINDLY READ THE FULL STORY HERE▶
This rapid borrowing outpaced the territory’s federal inflows. Between July 2025 and June 2026, the FCT pulled in a cumulative ₦227.4 billion in federal statutory allocations. Monthly distributions fluctuated significantly, starting at ₦16.6 billion in July 2025, hitting a low of ₦8.8 billion in February 2026, and peaking at ₦30.6 billion in June 2026. Notably, the ₦328 billion debt accumulation over the 12-month span surpassed the total ₦227.4 billion received in federal allocations during that same period. This fiscal trajectory has drawn intense scrutiny regarding the transparency, justification, and long-term repayment impact of the capital’s borrowing strategy.
In response to concerns—including claims by Senator Ireti Kingibe that loans were secured without legislative backing—Deputy Spokesperson of the House of Representatives Philip Agbese defended Minister Wike. Speaking in Abuja, Agbese dismissed allegations of unlawful borrowing, asserting that the FCT administration has operated entirely within legal boundaries and consistently subjected its budgets and programs to rigorous National Assembly scrutiny.
The Federal High Court has announced that its 2026 Christmas vacation will begin on Monday, December 21, and end on Tuesday, January 5, 2027.....KINDLY READ THE FULL STORY HERE▶
The court is expected to resume regular sittings on Wednesday, January 6, 2027.
The announcement was contained in a statement issued on Monday by the Director of Information of the Federal High Court of Nigeria, Dr Catherine Oby Christopher.
According to the statement, the Chief Judge of the Federal High Court, Justice John Terhemba Tsoho, approved the vacation arrangement and the appointment of judges who will handle cases during the period.
Christopher explained that only designated judicial divisions would remain operational throughout the vacation to provide essential judicial services.
She added that the vacation judges would handle only matters involving the enforcement of fundamental human rights, the arrest or release of vessels, and other issues of urgent national importance, including the trial of pre-election cases.
The statement read:
“Pursuant to the provisions of Order 46, Rule 4(c) of the Federal High Court (Civil) Procedure Rules, 2019, the Chief Judge of the Federal High Court of Nigeria, Hon. Justice John Terhemba Tsoho, KSS, OFR, FCIArb. (UK), has approved the Christmas Vacation of the Court for the year 2026 and the roster of Judges designated to sit during the vacation period.
“The Christmas Vacation shall commence on Monday, 21st December 2026, and end on Tuesday, 5th January, 2027.
“Regular court sittings shall resume on Wednesday, 6th January 2027.
“During the vacation period, only the designated Judicial Divisions shall remain operational to provide judicial services to the litigating public.
“It is important to note that, during the vacation period, the Vacation Judges shall entertain only matters relating to the enforcement of fundamental rights, the arrest or release of vessels, and other matters of urgent national importance such as trial of pre-election cases.”
Full List Of Federal High Court Vacation Judges
The judges designated to handle cases during the Christmas vacation are as follows:
Abuja Judicial Division
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Justice I. E. Ekwo
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Justice O. A. Egwuatu
Lagos Judicial Division
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Justice Akintayo Aluko
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Justice Ogazi F. Nkemakonam
Port Harcourt Judicial Division
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Justice P. M. Ayua
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Justice A. T. Mohammed
Enugu Judicial Division
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Justice F. O. G. Ogunbanjo
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Justice M. T. Segun-Bello
The statement added that the Chief Judge extended Christmas and New Year greetings to all judges and members of the court.
Super Eagles head coach Eric Chelle has departed Nigeria’s U-23 team camp to concentrate on the senior national team’s 2027 Africa Cup of Nations (AFCON) qualifying fixtures against Tanzania.....KINDLY READ THE FULL STORY HERE▶
Chelle, who also supervises the Olympic Eagles, will be unavailable for Nigeria’s two-legged U-23 AFCON qualifying tie against the Democratic Republic of Congo (DR Congo) because both teams have matches scheduled during the same international window.
The Olympic Eagles are scheduled to travel to Lubumbashi for the first leg against DR Congo on Friday, November 13. The encounter will take place on the same day the Super Eagles host Tanzania at the Godswill Akpabio International Stadium in Uyo.
The return leg is slated for Tuesday, November 17, in Ikenne, coinciding with Nigeria’s second meeting with Tanzania.
In Chelle’s absence, assistant coach Deniran Ortega will oversee the Olympic Eagles, working alongside Ikorodu City head coach Bright Ozebagbe.
Ortega reportedly conducted most of the team’s training sessions on Thursday and led the technical crew during their friendly victory over Grassrunners on Friday, ahead of the squad’s departure for the first leg.
Meanwhile, Chelle has selected 23 players for the Super Eagles’ AFCON qualifying matches against Tanzania. Among the notable inclusions are Brighton forward Zadok Yohanna and Molde FC midfielder Daniel Daga.
Goalkeeper Michael Atata and junior international Abdulmuiz Adeleke have also earned places in the squad. Atata will compete for the goalkeeping position alongside Samuel James of SJK FC and Clinton Andy.
Other notable selections include defenders Victory Akpe, Vince Osuji and Emmanuel Ochobi, as well as midfielders Chibuzor Nwoko and Aderemi Adeoye.
The attacking options also feature Peter Edokpolor and Umar Abubakar.
The seven home-based players in the squad are expected to depart Nigeria on Tuesday for the Olympic Eagles’ first-leg encounter against DR Congo at the Stade TP Mazembe in Lubumbashi.
Full Nigeria U-23 Squad
Goalkeepers: Samuel James (SJK FC, Finland); Clinton Andy (Rivers United); Michael Atata (Ikorodu City).
Defenders: Christian Akpan (Genk FC, Belgium); Victory Akpe (FC Basel, Switzerland); Vince Osuji (Tromsø IL FC, Norway); Emmanuel Godwin (Pardubice FC, Czechia); Odinaka Alfred (Nasarawa United); Emmanuel Ochobi (Rivers United); Aliu Sugau (Barau FC).
Midfielders: John Otomewo (Reims FC, France); Daniel Daga (Molde FC, Norway); Wilfred George (Kristiansund FC, Norway); Chibuzor Nwoko (Fulham FC, England); Aderemi Adeoye (Ikorodu City); Sadiq Saleh (FC Metta, Latvia); Victor Samuel (Pardubice FC, Czechia).
Forwards: Peter Edokpolor (SL Benfica, Portugal); Sulaiman Sani (Al-Qadsiah FC, Saudi Arabia); Umar Abubakar (FC Famalicao, Portugal); Zadok Yohanna (Brighton FC, England); Abdullahi Umar (Hradec Kralove, Czechia); Abdulmuiz Adeleke (Sporting Supreme).
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“Behave Yourself!” – Seyi Tinubu Fires Back At Isaac Fayose Over Port Harcourt ‘City Boy’ Walk.
Seyi Tinubu, son of President Bola Tinubu, has criticised political commentator Isaac Fayose over his remarks about the City Boy movement’s walk in Port Harcourt, Rivers State.....KINDLY READ THE FULL STORY HERE▶
Fayose had taken to social media to question the gathering, describing it as a waste of time and expressing doubts about the number of people who attended the event.
Responding in the comment section of the post, Seyi urged the businessman to conduct himself properly instead of criticising the group’s activities.
He defended the Port Harcourt walk, describing it as a successful and peaceful gathering organised by young Nigerians in support of President Tinubu and his administration.
Seyi wrote: “My content creator Egbon e behave ara yin o. You and I both know that those gallant men and women were there for the city boy walk in PH, which was a success by the way. Vote APC.”
In a related development, Fayose has alleged that he is being targeted with false accusations because of his support for the Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi.
The younger brother of former Ekiti State Governor, Ayodele Fayose, made the allegation in a video shared on his verified Facebook page on Sunday.
He was reacting to a post by an unnamed blogger linking him to a rape allegation, which he denied, describing it as a fabrication intended to damage his reputation because of his refusal to withdraw support for Obi.
Fayose further alleged that individuals who turn down offers from the All Progressives Congress (APC) are often subjected to smear campaigns.
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