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Just In: Senate passes N54.99trn 2025 budget

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The Senate has approved the 2025 Appropriation Bill, passing a total budget estimate of ₦54.99 trillion on Thursday.

The budget includes allocations for statutory transfers, recurrent expenditures, capital projects, and debt servicing, with a fiscal deficit of ₦13.08 trillion.

Key breakdowns are as follows: Total Expenditure: ₦54.99 trillion; Statutory Transfers: ₦3.65 trillion; Recurrent (Non-Debt) Expenditure: ₦13.64 trillion; Capital Expenditure: ₦23.96 trillion; Debt Servicing: ₦14.32 trillion; Deficit-to-GDP Ratio: 1.52%.

Tinubu initially proposed a ₦49.7 trillion budget, but increased it to ₦54.2 trillion on February 5 after reporting additional revenue generated by key agencies.

In letters to the Senate and House of Representatives, read by Senate President Godswill Akpabio, Tinubu detailed the sources of the additional revenue: ₦1.4 trillion from the Federal Inland Revenue Service, ₦1.2 trillion from the Nigeria Customs Service, and ₦1.8 trillion from other government agencies.

The House of Representatives had earlier passed the ₦54.99 trillion 2025 Appropriation Bill.

 

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Damagum bows as PDP Govs move to re-assert ‘selves over party affairs

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Kano Emirate Tussle: Appeal Court halts Emir Sanusi’s reinstatement

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The Court of Appeal in Abuja has suspended the execution of its earlier judgment reinstating former Central Bank Governor, Sanusi Lamido Sanusi, as the 16th Emir of Kano.

In a unanimous decision by a three-member panel led by Justice Okon Abang, the appellate court ruled on Friday to halt the implementation of its verdict pending the determination of an appeal before the Supreme Court.

The court found merit in applications CA/KN/27M/2025 and CA/KN/28M/2025, which were brought forward regarding the ongoing Kano Emirate dispute. Specifically, the panel issued an injunction restraining the Kano State House of Assembly, the Kano State Government, and other involved parties from enforcing its judgment in Appeal No. CA/KN/126/2024.

The ruling directed all parties to maintain the status quo ante bellum (the state of affairs before the disputed judgment) until the Supreme Court delivers its verdict. Additionally, the court mandated the applicant to submit an undertaking within 48 hours to indemnify the respondents in case the orders were deemed unjustified.

This latest development follows the appellate court’s January 10 ruling, which had overturned a June 20, 2024, decision by Justice Abubakar Liman of the Federal High Court. That ruling had invalidated the Kano State Emirates Council (Repeal) Law 2024, a legal provision that enabled Sanusi’s reappointment.

The Court of Appeal had determined that Justice Liman lacked jurisdiction to annul the Kano State Government’s actions under the Emirates Council Law. It further ruled that the fundamental rights enforcement suit filed by kingmaker Alhaji Aminu Babba Dan Agundi, which had led to the Federal High Court’s earlier decision, was incompetent.

With this suspension, the legal battle over the Kano Emirate continues, as all eyes now turn to the Supreme Court’s ruling on the matter.

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N10bn Alleged Loot: EFCC Probes SGF Akume’s PA ,Torhile Uchi

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Indications emerged that the personal Assistant to the Secretary to the Government of the Federation, SGF Senator George Akume, Hon. Andrew Torhile Uchi, is currently in the facility of the Economic and Financial Crimes Commission, EFCC over allegations bordering on corruption, bribery and money laundering amounting to a whooping N10 billion.

A highly placed source at the Commission yesterday, confirmed to our correspondent that the embattled Uchi was invited by the operatives of the Commission on Monday, upon a petition received by the anti-graft agency over Alleged properties he acquired in Abuja, Jos, Makurdi, Gboko and Wannune in Tarka, local government Area of Benue State amounting to over N6 billion.

According to the source, further investigations so far, has revealed that between December 2023 to date the anti-graft agency has been able to trace a whooping N1.6 billion that was allegedly used in buying purch cars through four new generations banks to nine car dealers in Abuja, Kaduna, Lagos, Jos and Makurdi respectively.

The source further added that two Bureau de change operatives are currently been investigated by the Commission, over their alleged involvement in the scam, owing that most of the funds credited to embattled Torhile Andrew Uchi, emanated from their coys.

He said that the Commission is currently working towards getting a court nod to widen the scope of their investigations to the properties in Abuja, Jos and other part of the country to ascertain the source of the income and how the properties were allegedly purchased.

As of the time of filing in this report Mr. Uchi, is still in custody of the Economic and Financial Crimes Commission, EFCC, telling the dreaded operatives of the Commission how he allegedly got the funds which is largely believed to be proceeds from bribes.

Efforts to reach the spokesman of the Commission, Mr Dele Oyewale, proved abortive as his phone lines was said to be switched off.

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