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“N30bn Missing From NSITF” – Chris Ngige

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The minister of Labour and Employment, Dr. Chris Ngige, in line with a presidential directive, yesterday inaugurated all the boards of parastatals under the Ministry of Labour except the board of the Nigeria Social Insurance Trust Fund (NSITF) due to the huge fraud discovered in the agency.

The boards inaugurated by the minister include those of the National Productivity Centre (NPC), National Directorate of Employment (NDE), and Michael Imoudu National institute for Labour Studies (MINILS).

LEADERSHIP Weekend recalls that the president had in October 2017 constituted the board of the NSITF with the former president of National Union of Petroleum and Natural Gas Workers (NUPENG), Chief Frank Kokori, as the chairman.

However, giving reasons why the board was not inaugurated alongside others yesterday, Ngige said he had the consent of the president to stay action on inaugurating the NSITF board the pending the outcome of the administrative enquiry recently set up by the ministry to investigate the mindless looting of the agency.

The minister urged members of the other boards so inaugurated to be accountable in the discharge of their mandates to avoid a repeat of the rot in the NSITF.

Ngige said: “The operations of the various parastatals must strictly conform to financial regulations, especially Section 32 and the provisions of the Procurement Act. The audited accounts of the parastatals must always be prepared and submitted to the relevant authorities as and when due.

“The NSITF, for example, is reeling from massive looting with no audited account for five years. A whooping sum of N5billion was unearthed by an audit panel of enquiry as having been taken out of the NSITF coffers with First Bank in a single day without vouchers.

“Worse still, the organisation maintained no cash book as required by financial regulations. This resulted in massive looting of funds by board members acting in concert with the management staff.

“When we say N5 billion was taken in one day, that’s not the only amount missing. Over N30billion cannot be accounted for and the members of the past board participated actively in the looting.

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Imo State Bans Nursery and JSS3 Graduation Parties, Restricts Frequent Textbook Changes

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The Imo State Government has announced new policies aimed at reducing the financial burden on parents and strengthening focus on academics in schools.

In a memo dated August 15, 2025, the Commissioner for Education, Prof. Bernard Ikegwuoha, directed that graduation parties for nursery pupils and Junior Secondary School 3 (JSS3) students are no longer allowed. Going forward, only Primary 6 and Senior Secondary School 3 (SSS3) students are permitted to hold graduation ceremonies, in line with Nigeria’s 6-3-3-4 education system.

“The Ministry is committed to providing quality and functional education to every child in the state,” Ikegwuoha said. “Graduation ceremonies for Kindergarten, Nursery, and JSS3 are hereby abolished. The focus must remain on celebrating academic milestones at the completion of primary and secondary education cycles.”

The Commissioner also condemned the frequent change of textbooks in private and faith-based schools, describing it as an unnecessary financial strain on families. He ordered that approved textbooks must be retained for at least four years to enable siblings and other students to reuse them.

“School proprietors are hereby warned to desist from the annual change of textbooks,” Ikegwuoha stressed. “Maintaining a stable textbook list for four years will not only cut costs for parents but also create a more consistent and effective learning environment.”

According to the Ministry, these measures are part of efforts to build a more stable, affordable, and student-centered education system in Imo State.

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2027: Atiku Suspends ADC Membership Plans Amid Jonathan Comeback Rumors

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Former Vice President Atiku Abubakar has put on hold his plan to collect his African Democratic Congress (ADC) membership card, a move that has sparked fresh speculation about former President Goodluck Jonathan’s possible return to the 2027 presidential race. Reports suggest the ADC may be making moves to woo Jonathan.

Atiku, who recently left the Peoples Democratic Party (PDP) after months of internal crisis, was scheduled to formalize his ADC membership in a public ceremony in Jada, Adamawa State, on Wednesday, August 6.

The event, to be overseen by senior ADC leaders, has now been postponed indefinitely. Atiku’s camp has not given any official explanation for the sudden change in plans.

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“Igbo Presidency Will Happen, But Not in 2027” — David Umahi

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Minister of Works and former Ebonyi State Governor, David Umahi, has called for unity and strategic political engagement from the Southeast, saying the region must be patient and wise in its approach to national leadership.

“Let’s not be deceived. For a stronger relationship with this administration, the Southeast must give Mr. President up to 90% support,” he said.

Umahi stressed that the dream of an Igbo presidency is very much alive, but cautioned that 2027 is not the time. He called on Southeast leaders and citizens to reject divisive politics and misinformation.

“We can’t be playing the politics of hate and expect other regions to trust us with power. Let’s support the President to complete his 8 years — every region is benefitting.”

He reaffirmed his belief that with unity, God’s help, and strategic alliances, the Southeast will eventually lead the nation.

“One day, we’ll get there. But not now. And I won’t stop speaking against any attempt to mislead our people.”

Umahi also praised the South East Governors for their efforts and urged the people to rally behind them and the President as they serve their second terms.

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