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The Federation Account Allocation Committee (FAAC), on Wednesday, shared a total of ₦2.550 trillionamong the federal government, the 36 states, and the 774 local government councils as revenue allocation for June 2026. A statement signed by the Director of Press in the Office of the Accountant General of the Federation,…

The Federal Government has inaugurated a nine-member inter-agency committee to coordinate the implementation of the Electricity Act, 2023, in a fresh move to fast-track the decentralisation of Nigeria’s electricity market and address regulatory and operational challenges arising from the ongoing power sector reforms. The committee, inaugurated on Wednesday at the…

As House of Representatives moves to strengthen President Tinubu’s police decentralisation agenda, the Speaker of the House, Abbas Tajudeen, has suggested measures to be put in place for the actualisation of a better decentralised police structure in Nigeria. While commending President Bola Ahmed Tinubu, GCFR, for leading the move to…

A Federal High Court in Abuja has ordered the final forfeiture of 48 properties linked to former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), to the Federal Government, following an application by the Economic and Financial Crimes Commission (EFCC). Justice Joyce Abdulmalik, in a judgment delivered…

The Nigeria Hydrological Services Agency (NIHSA) has issued a medium flood risk advisory for 13 states across the country, warning that localized flooding is expected along major river channels between July 14 and July 20, 2026. According to the agency, communities located around Saminara on the Karam River, Waya Dam…

Nigeria has received global recognition for its efforts to combat financial crimes, with the collaboration between the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) winning the prestigious UNODC–World Bank–Egmont Group Stolen Asset Recovery (StAR) Initiative Award. The award was presented during the 32nd Egmont…

The Economic and Financial Crimes Commission (EFCC) has arraigned the Chief Executive Officer of Ski Hi-Entertainment, Ifeanyichukwu Ogbu, before the Enugu State High Court over the alleged issuance of dud cheques valued at N16.847 million. Ogbu was arraigned by the Enugu Zonal Directorate of the EFCC before Justice Vincent C.…

The schoolchildren, teachers and principal abducted by suspected bandits in Oriire Local Government Area of Oyo State have been rescued, ending weeks of anxiety over their fate. The victims were among 46 pupils, teachers and the school principal kidnapped on May 15 when heavily armed gunmen stormed the Ahoro-Esiele community…

The Central Bank of Nigeria (CBN) has warned businesses, financial institutions and members of the public against rejecting the standard ₦100 banknote, stressing that it remains legal tender and is valid for all transactions across the country. The apex bank issued the clarification on Wednesday following reports that some individuals…

The Lagos State Police Command has arrested 135 suspected cultists and recovered 26 firearms in a sweeping operation across the state aimed at preventing violence linked to the annual July 7 (7/7) cult celebrations and initiation activities. The coordinated raids, which targeted identified criminal hideouts and black spots, were carried…