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Tinubu Seeks House of Reps’ Approval for ₦269bn Promissory Notes to Settle Debts.
The Federal Government has asked the National Assembly to approve the issuance of promissory notes worth ₦269.44 billion to settle outstanding debts owed to contractors and other creditors.....KINDLY READ THE FULL STORY HERE▶
President Bola Tinubu made the request in a letter conveyed by the Secretary to the Government of the Federation (SGF), Senator George Akume, and read during plenary at the House of Representatives in Abuja.
The President is seeking lawmakers’ approval to establish and expand the Promissory Note Programme to address the government’s outstanding financial obligations.
In the letter dated August 18, 2026, and received by the Speaker’s office on October 21, Akume disclosed that the total liabilities amounted to ₦269,446,402,822.56.
He explained that the debts, which include contract-related and project-related obligations, were identified and confirmed following a comprehensive review by the relevant ministries, departments and agencies.
According to the SGF, the programme would provide “a structured, transparent and fiscally responsible framework” for settling the liabilities, with only verified and validated claims considered for payment.
In addition to seeking approval for the issuance of the promissory notes, Tinubu asked lawmakers to authorise the inclusion of the identified categories of creditors and beneficiaries, subject to final verification and certification.
The President also requested approval for the Minister of Finance and Coordinating Minister of the Economy, the Debt Management Office and other relevant government agencies to oversee the implementation of the programme.
Akume said the initiative would prevent the outstanding debts from accumulating further interest, penalties and other charges.
He added that the arrangement would reduce the financial pressure on affected creditors and demonstrate the government’s commitment to fulfilling its legitimate obligations.
The SGF noted that the Promissory Note Programme had previously been used to address inherited domestic debts and contractual liabilities, following approval by the Federal Executive Council and the National Assembly.
He explained that the scheme would allow the government to settle the obligations in phases without placing excessive pressure on public finances, in accordance with sound debt management principles.
Akume urged the House of Representatives to consider the request urgently, citing the substantial value of the liabilities, the length of time some debts had remained unpaid and the risk of additional interest accruing.
He said timely approval would enable the government to commence issuing the promissory notes and facilitate the resolution of the outstanding obligations.
A detailed schedule containing the debts, beneficiaries, amounts involved and supporting documents was attached to the request for lawmakers’ consideration.
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Police Arrest NSCDC Officer With Pistol, 17 Bullets At Abuja Kubwa Market.
An officer of the Nigeria Security and Civil Defence Corps (NSCDC) has been arrested for allegedly firing gunshots into the air during a confrontation with traders at Kubwa Market in Abuja.....KINDLY READ THE FULL STORY HERE▶
The officer, identified as Onoja Samuel, reportedly arrived at the market armed with a pistol following allegations that some traders had assaulted his wife.
The Federal Capital Territory (FCT) Commissioner of Police, Ahmed Mohammed Sanusi, disclosed the incident while addressing journalists at the command on Wednesday, Naija News reports.
Sanusi said the police received a distress call from Kubwa Market, located in the Bwari Area Council, reporting that a man was shooting into the air.
Following the report, officers attached to the Kubwa Police Division were deployed to the scene, where they arrested the suspect.
According to the police commissioner, preliminary investigations revealed that Samuel holds the rank of Deputy Superintendent of Corps (DSC) in the NSCDC.
He explained that the officer allegedly fired several shots during an argument with the traders.
“During the ensuing argument with the traders, Onoja Samuel, who is a DSC with the NSCDC, fired several shots into the air,” Sanusi said.
The police recovered a CZ pistol and 17 rounds of live 9mm ammunition from the suspect.
Sanusi added that Samuel remained in police custody and would be charged in court upon the conclusion of investigations.
The commissioner also urged personnel of other security agencies operating in the FCT to exercise restraint and notify the police divisions responsible for their areas before conducting authorised operations.
He stressed that effective coordination among security agencies was essential to preventing confrontations and maintaining peace across the territory.
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‘We Don’t Want Another Mohbad Case’ – Laolu Gbenjo Speaks On Toluwanisings.
Nigerian gospel singer Laolu Gbenjo has cautioned the public against spreading unverified information about the circumstances surrounding the death of his colleague, Bayonile Bolaji, popularly known as Toluwanisings.....KINDLY READ THE FULL STORY HERE▶
Gbenjo’s warning comes amid growing controversy surrounding the late singer’s death and burial arrangements, with reports of disagreements among members of his family.
The gospel singer spoke on Tuesday during a night of tributes held in honour of Toluwanisings in Ibadan, Oyo State. He warned against allowing the situation to degenerate into a controversy similar to the one that followed the death of Nigerian singer Mohbad.
Describing the deceased as a devoted Christian and a genuine servant of God, Gbenjo said Toluwanisings was passionate about his faith and had a good relationship with people.
He urged the public to stop fuelling unnecessary controversy over the late singer’s death, particularly through social media platforms such as TikTok and Instagram.
“You can never see Toluwani in the midst of jobless people. He had a good heart. He was a friend to everybody. He served the Lord with all his heart. Don’t turn Toluwani into Mohbad. That madness on TikTok and Instagram must stop. If you are jobless, go and look for a job,” Gbenjo said.
Meanwhile, comedians Ayobami Ajewole, popularly known as Woli Agba, and Olamide Oladimeji, also known as Dele Omo Woli, have threatened legal action against individuals allegedly linking them to Toluwanisings’ death.
Woli Agba disclosed this in a public notice shared on his Instagram page on Sunday.
In the notice issued by their solicitors, Gemgold, the comedians warned members of the public against publishing or circulating allegations they described as false and defamatory against them.
The legal notice maintained that the allegations were baseless and intended to damage the reputations of the two entertainers.
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El-Rufai’s ₦1bn Legal Battle Takes New Turn As Court Fixes Judgment Date.
The Federal High Court in Abuja has fixed December 2, 2026, for judgment in the ₦1 billion fundamental rights suit filed by former Kaduna State Governor, Nasir El-Rufai, against the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and other respondents.....KINDLY READ THE FULL STORY HERE▶
Justice Joyce Abdulmalik set the date after lawyers representing the parties adopted their respective court processes.
However, El-Rufai’s lawyer was absent when the case was initially called. The judge subsequently deemed the former governor’s filed processes adopted.
Counsel to the ICPC, Abdul Mohammed (SAN), adopted the commission’s court processes and urged the judge to dismiss the suit in its entirety.
Similarly, the lawyer representing the Inspector-General of Police, ACP Ezekiel Rimamsomte, and Maimuna Lami-Shiru, Director of Civil Litigation and Public Law, who appeared on behalf of the Attorney-General of the Federation (AGF), adopted their respective processes and asked the court to dismiss the case.
During the proceedings, El-Rufai’s lawyer, Ubong Akpan, arrived in court and apologised for his lateness.
When Akpan sought the court’s permission to adopt his client’s processes, Justice Abdulmalik informed him that the documents had already been deemed adopted.
The judge subsequently adjourned the matter until December 2, 2026, when judgment is expected to be delivered.
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