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The Federal Government of Nigeria has denied claims that President Bola Tinubu’s administration accumulated ₦80 trillion in new debt, clarifying that recent debt surges are a result of foreign exchange rate devaluations and inherited legacy liabilities.
Politics & Governance
Budget Disagreement: Former Vice President Atiku Abubakar has publicly questioned the presidency regarding ₦12.8 trillion in the Service-Wide Vote. He demanded a probe into ₦210 billion of duplicated allocations within the 2026 budget.
Political Alliance Terms
Kwankwaso disclosed that he and Peter Obi signed a formal agreement. The document stipulates that Obi would serve only one term before power returns north in 2027.INEC Recruitment: The Independent National Electoral Commission (INEC) officially opened its 2026 recruitment portal. Online applications remain open until July 27, 2026.
Civil War Apology
Plateau State Governor Caleb Mutfwang extended a historic apology to the Igbo community. He expressed regret over the state’s historical role during the Nigerian Civil War.
Economy & Business
Oil Block Strategy: The Federal Government announced that the highest bidder will no longer automatically win oil block assets. Additionally, 13 oil blocks have been returned to the licensing pool to boost production by 300,000 barrels per day.Mega Gas Pipeline: The Economic Community of West African States (ECOWAS) signed an intergovernmental agreement. The treaty backs the $25 billion Nigeria-Morocco Atlantic Gas Pipeline.Private Jet Losses: The aviation sector reported a ₦120 billion loss. The revenue leak is blamed on illegal charter operations run by private jet owners.🚨
Security & Crime Fake Agency Scams
Investigation deepened into the Presidential Frontier Information Privacy Council (PFIPC). The Central Bank of Nigeria confirmed it opened two domiciliary accounts for the phantom agency, though they remained inactive. Chief of Staff Femi Gbajabiamila appeared before an ICPC panel handling the case.Police Misconduct Arrests: The FCT Police Command detained four officers. They are facing trial for allegedly extorting ₦53,000 from the ICPC chairman during an illegal traffic stop.Borno Security Denials: The Federal Government debunked media reports alleging an ISWAP terrorist attack on the Federal Government Girls College (FGGC) in Monguno. Officials reassured families that students are fully secure.Fake Institution Uncovered: The Nigeria Security and Civil Defence Corps (NSCDC) busted an illegal university operation in Badagry. Officers rescued 106 youths trapped in the scam.