Politics
Nigerian Senate urges CBN to Relax Forex Policy
He gave this charge during a meeting with the Managing Director of the International Monetary Fund, IMF, Christine Lagarde, disclosing that small businesses were being made to suffer unnecessarily as a result of the policy.
He called on the apex bank to introduce a more flexible foreign exchange regime and reduce the present restrictions on the autonomous market, which does not allow business men bring in foreign exchange or utilise what they have in their accounts.
The Senate President had equally canvassed a similar view at a private meeting with CBN Governor, Mr. Godwin Emefiele, during which he implored him to consider the effects of the present forex regime on small businesses which were dying, following dwindling crude oil revenue.
Saraki also told Lagarde that “The IMF should support our CBN to bring in low interest loans to SMEs. We need to encourage entrepreneurs and make most of our new graduates job creators rather than job seekers. This is an area where we need the financial support and technical assistance of the IMF.”
He explained that his office had received numerous complaints from small business owners, complaining that their businesses were being threatened by the huge bottlenecks now involved in doing business.
“As legislators, we play an important role in making our people understand IMF’s advice, policy trade-offs, consultations and other engagements, so that ownership, transparency and accountability are brought to bear on economic policy choices.
“The Nigerian legislature strongly believes that having a collaborative working relationship with the Executive Branch of government brings development closer to the people.
“Since the advent of the new administration, we have worked closely to stabilize the economy and steady the fiscal environment. This, we have indeed demonstrated by the speedy passage of the Medium Term Expenditure Frame Work (MTEF) and recently in the postponement of our recess in order to receive President Muhammadu Buhari to present the 2016 Appropriation Bill.
“The purpose of our Legislative Agenda is to enable us focus our lawmaking in areas that will help create jobs, expand our infrastructure base and make our economy work for the benefit and happiness of the majority of our people.
“Pivotal to the attainment of this objective is the state of the Nigerian business environment. In collaboration with major stakeholders, the 8th Senate is presently signing a memorandum of understanding on Enhancing Nigerian Advocacy for Better Business Environment Project, a National Assembly business and investment roundtable initiative, with developmental organizations”, the Senate President said.
The Senate President used the occasion to call on the Central Bank of Nigeria (CBN) to ensure that in reacting to recent developments in the economy, it does not devalue the Naira for the mere sake of devaluation.
News
Ex-Minister Nnaji Resigns to “Protect Integrity,” Denies Forgery Claims

Former Minister of Innovation, Science and Technology, Geoffrey Nnaji, has stepped down from President Bola Tinubu’s cabinet, citing the need to safeguard his integrity and prevent distractions to the government’s Renewed Hope Agenda.
The Presidency confirmed Nnaji’s resignation on Tuesday, following heightened public scrutiny over allegations of certificate forgery and inconsistencies in his academic records.
In a statement released the same day, Nnaji said his decision came after “careful reflection and consultations with family, associates, and well-meaning Nigerians.” He described the claims as part of a “sustained campaign of falsehood” that he believes is politically motivated, aimed at undermining both his character and office.
“These baseless allegations and media distortions have caused personal distress and begun to distract from the important work of the ministry and the Renewed Hope Agenda,” he said.
Nnaji emphasized that his resignation should not be interpreted as an admission of guilt, but rather as a personal choice to uphold due process and allow judicial proceedings to take their course.
“I cannot, in good conscience, allow these distractions to overshadow the noble objectives of the Tinubu administration,” he added, reaffirming his decades-long record of dedication and service.
Appointed in August 2023, Nnaji’s tenure ended amid investigations into alleged procurement irregularities and a public dispute with the Enugu State Government over the certificate forgery allegations.

News
Gov AbdulRazaq Blames Saraki, PDP for Kwara’s Security Woes — Cites 2018 Offa Robbery

Kwara State Governor, AbdulRahman AbdulRazaq, has blamed the deteriorating security situation in the state on the legacy of the 2018 Offa bank robbery, linking the incident to the leadership of former Senate President Bukola Saraki and the Peoples Democratic Party (PDP).
Speaking with journalists during a visit to Oke-Ode, the governor accused Saraki of “playing politics with security” and urged him to take responsibility for the tragic robbery incident that claimed 33 lives before criticising the current administration.
> “It was under PDP. Bukola Saraki bears a court statement that he is the leader of PDP in Kwara. Under his leadership, 33 people were killed in one day,” AbdulRazaq said in a viral video.
The governor further alleged that the armed gang behind the deadly robbery were Saraki’s loyalists, claiming they used “Aso Ebi of Saraki’s wedding” and vehicles branded with his name during the operation. He maintained that the PDP lacked the moral authority to challenge his government’s efforts in tackling insecurity.
In September 2024, a Kwara State High Court delivered judgement on the case, sentencing five suspects to death by hanging after finding them guilty of armed robbery and culpable homicide.
The convicts — Ayoade Akinnibosun, Azeez Salahudeen, Niyi Ogundiran, Ibikunle Ogunleye, and Adeola Abraham — were part of the gang responsible for the massacre.
Meanwhile, several communities in Kwara South and Central, including Oke-Ode, Patigi, and Marri, continue to suffer repeated attacks by armed gangs, leading to rising fear among residents and mass displacement from rural areas.


Politics
Jonathan: Boko Haram Once Nominated Buhari for Peace Talks

Former President Goodluck Jonathan has revealed that Boko Haram insurgents once nominated former President Muhammadu Buhari to represent them in peace negotiations with the Federal Government.
Jonathan made this known during the public presentation of Scars, a book by ex-Chief of Defence Staff Gen. Lucky Irabor (retd.), in Abuja. He said the nomination came through one of the dialogue committees set up during his administration.
He explained that he expected Buhari, after assuming office in 2015, to leverage that unique opportunity to reach a truce with the group — but the insurgency persisted, underscoring the complexity of the conflict.
Jonathan also highlighted that Boko Haram’s access to sophisticated weapons showed foreign involvement, not just hunger or poverty. He described the Chibok girls’ abduction as a permanent scar on his presidency and urged military officers to document their experiences for future understanding.
Boko Haram first emerged in Borno State in the early 2000s and became a full-blown insurgency after the death of its founder, Mohammed Yusuf, in 2009. In 2012, the group listed Buhari among trusted northern leaders to mediate, but he publicly declined.

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