News
Uproar as Buhari Makes Fresh Request for $29.96bn Loan
President Muhammadu Buhari on Thursday re-sent the $29.96bn 2016-2018 external borrowing plan to the Senate for its consideration and approval.
Buhari made the request a day after the International Monetary Fund warned Nigeria against rising debts. T he Debt Management Office has said out of Nigeria’s total debt profile of N25.7tn as of June 2019, external borrowing accounts for about 32 per cent while the 68 per cent is domestic.
The President’s financial plan was approved by the Federal Executive Council in August 2016 and sent to the 8th Assembly in September 2016.
The leadership of the federal parliament led by Senator Bukola Saraki and Yakubu Dogara, invariably rejected the request in November 2016.
Buhari had asked the 8th Assembly to approve plans to borrow the amount abroad to fund infrastructure plans from 2016 to 2018.
The President of the Senate, Ahmad Lawan, who read the fresh request sent by Buhari during plenary, did not give details of the executive communication.
In the letter, dated November 26, 2019, Buhari said the 8th National Assembly approved only a part of the External Borrowing request forwarded to it in September 2016.
This, according to him, stalled the Federal Government’s implementation of critical projects spanning across the mining, power, health, agricultural, water and educational sectors.

News
Accord Party Welcomes Adeleke for 2026 Governorship Bid
The Accord Party in Osun State has indicated that Governor Ademola Adeleke would be granted a waiver if he decides to contest the 2026 governorship election under its platform.
Victor Akande, Chairman of Accord Party in Osun, told The PUNCH on Sunday that Adeleke or his aides have not formally approached the party, describing speculation about a potential defection as “mere rumours.”
Accord Party has emerged as a possible platform for Adeleke’s re-election amid internal tensions in his current party, the People’s Democratic Party (PDP).
Akande said the party already has two aspirants for its ticket in the August 8, 2026 election but would welcome Adeleke if he chooses to join.
“The issue of Governor Adeleke is still a rumour. I have not met with anyone from the government about this. Accord Party is not the only option being speculated for his defection, but if he comes, we will receive him wholeheartedly,” Akande stated.
He added, “Our doors are always open. People are free to join or leave at any time. If Adeleke comes, he will receive a waiver to contest just like any other aspirant. Currently, two individuals have shown interest in running under our platform, though they have not made financial commitments yet.”


Foreign
Goodluck Jonathan Reportedly Stranded in Guinea-Bissau After Sudden Military Takeover
Former Nigerian President Goodluck Jonathan is reportedly stranded in Guinea-Bissau following the military’s announcement of a takeover on Tuesday.
Jonathan, who travelled to the country as part of an international election observation mission, was expected to oversee the release of official results before the unexpected shift in power disrupted all movement. Sources say he and other foreign observers are currently unable to leave as security restrictions tighten across the capital.
The situation has sparked concern among regional stakeholders, with diplomatic channels said to be monitoring developments closely. So far, neither Jonathan nor Nigerian authorities have issued an official statement on his safety or plans to return.
The unfolding political tension in Guinea-Bissau continues to draw global attention, especially as the fate of the election results remains unclear.


News
Rep. Ahmed Idris Wase Raises Alarm Over Alleged Boko Haram Names on Army Recruitment List
A fresh wave of national concern has been triggered after former Deputy Speaker of the House of Representatives, Ahmed Idris Wase, alleged that names of individuals suspected to be linked to Boko Haram were once discovered on a Nigerian Army recruitment list.
Wase made the revelation on Wednesday while addressing colleagues and security stakeholders. According to him, the discovery points to a deeper and more dangerous level of infiltration that could compromise Nigeria’s ongoing fight against terrorism. He warned that if such cases go unchecked, they could weaken the country’s security architecture from within.
The lawmaker stressed the need for urgent and comprehensive reforms in recruitment procedures across all security agencies. He called for:
Enhanced vetting and background checks
Stricter biometric verification
A complete review of recruitment protocols
Cross-agency intelligence sharing
Wase argued that preventing infiltration at the point of entry is just as critical as frontline military operations, emphasizing that national security begins with ensuring the right people are admitted into the armed forces.
His claims have since generated widespread reaction from citizens, security experts, and civil society organisations. Many Nigerians are calling on the federal government to conduct a detailed investigation into the alleged incident, insisting that transparency is essential to restoring public trust in the nation’s defence system.
As of press time, the Nigerian Army has not issued a formal statement responding to Wase’s claims, leaving the public eager for clarification on a matter that touches directly on national safety.
Lagos Lately will continue to monitor developments and provide updates as the story unfolds.



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