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Again, Senate Approves Tinubu’s $21 Billion Foreign Loan

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The Senate on Tuesday approved President Bola Tinubu’s external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle, paving the way for the full implementation of the 2025 Appropriation Act.

The comprehensive borrowing package includes $21.19bn in direct foreign loans, €4bn, ¥15bn, a $65m grant and domestic borrowing through government bonds totalling approximately ₦757bn.

Also included was a provision to raise up to $2bn through a foreign-currency-denominated instrument in the domestic market.

The approval followed the presentation of a report by the Chairman of the Senate Committee on Local and Foreign Debt, Senator Aliyu Wamako,
who noted that the plan was first submitted to the National Assembly on May 27 but was delayed due to legislative recess and documentation issues from the Debt Management Office.

The Chairman of the Senate Committee on Appropriations, Senator Olamilekan Adeola,
said most of the loan requests had already been factored into the Medium-Term Expenditure Framework and the 2025 budget.

“The borrowing is already embedded in the 2025 Appropriation Act. With this approval, we now have all revenue sources, including loans, in place to fully fund the budget,” Adeola explained.

While the approval drew broad support, it also raised concerns.

Senator Sani Musa clarified that the loan disbursement would span six years, not just 2025.

He defended the borrowing, saying it aligns with global economic practices.

“There’s no economy that grows without borrowing. What we are doing is in line with global best practices,” he said.

Senator Adetokunbo Abiru, who chairs the Committee on Banking, Insurance and Other Financial Institutions, assured the chamber that the loans are concessional and adhere to the Fiscal Responsibility Act and Debt Management Act.

“These loans are long-term, some with tenors ranging from 20 to 35 years, and they are strictly tied to capital and human development projects,” he said.

However, Senator Abdul Ningi (Bauchi Central) voiced concerns over transparency and equitable distribution, warning that Nigerians deserve to know the specifics of the loans and their intended impact.

“We need to tell our constituents exactly how much is being borrowed in their name, and for what purpose,” he said.

Among the key sectors targeted in the loan plan are infrastructure, agriculture, security, power, housing, and digital connectivity.

A major highlight is the allocation of $3bn for the revitalisation of the Eastern Rail Corridor, stretching from Port Harcourt to Maiduguri.

Senator Victor Umeh (Anambra Central) hailed the rail project as a milestone, saying, “This is the first time I have seen $3bn allocated to rebuild the eastern rail line. That alone justifies my full support.”

Deputy Senate President, Jibrin Barau, commended the committee’s efforts and stressed that the borrowing plan reflects national inclusiveness.

“This shows that the Renewed Hope Agenda is working. No region is left out,” he said.

Senate leadership maintained that all funds must be deployed strictly for capital and development projects, in line with public finance regulations.

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Malami, son face new terrorism-linked firearms charges

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Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), and his son, Abdulaziz Malami, on Wednesday pleaded not guilty to a five-count amended charge bordering on alleged illegal possession of firearms, filed against them by the Federal Government.

The Department of State Services had, on February 3, 2026, arraigned the defendants on a five-count charge bordering on alleged terrorism financing, aiding terrorism, and illegal possession of firearms.

Malami was also accused of failing to prosecute suspected terrorism financiers while in office, in addition to alleged unlawful possession of a Sturm Magnum 17-0101 firearm and ammunition.

They had earlier pleaded not guilty to the charges and were granted bail by the court.

However, at the resumed hearing on Tuesday, prosecution counsel, Akinlolu Kehinde (SAN), informed the court of an amended charge dated April 14, 2026, which he said had been served on the defendants.

Kehinde urged the court to substitute the earlier charge dated February 2, 2026, with the amended one to enable the defendants to take a fresh plea.

Responding, defence counsel, Shaibu Arua (SAN), confirmed receipt of the amended charge.

Consequently, the trial judge, Justice Joyce Abdulmalik, struck out the earlier charge and discharged the defendants in respect of it.

The court thereafter ordered that the amended five-count charge be read to the defendants.

In the amended charge, the defendants were accused of preparing to engage in acts of terrorism by allegedly possessing firearms without a licence, including a Sturm Magnum 17-0101 firearm, 16 Redstar AAA 5’20 live cartridges, and 27 expended cartridges.

The offences are said to be contrary to provisions of the Terrorism (Prevention and Prohibition) Act, 2022, and the Firearms Act, Cap F28, Laws of the Federation of Nigeria, 2004.

After the charge was read, the defendants pleaded not guilty to all counts.

Following the plea, Kehinde urged the court to fix a date for trial.

However, the defence counsel prayed the court to allow the defendants to continue on the bail earlier granted to them.

The prosecution did not oppose the application.

In her ruling, Justice Abdulmalik granted the request and fixed May 26 and June 16, 2026, for trial.

The amended charges read: “That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State, within the jurisdiction of this Honourable Court, did engage in preparation to commit acts of terrorism by having in your possession and without license, a Sturm Magnum 17 – 0101 firearm, Sixteen (16) Redstar AAA 5’20 live rounds of Cartridges and Twenty-Seven (27) expended Redstar and thereby committed an offence contrary to and punishable under Section 29 of the Terrorism (Prevention and Prohibition) Act, 2022.

“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State, within the jurisdiction of this Honourable Court did conspire amongst yourselves in preparation to commit acts of terrorism by having in your possession and without a license a Sturm Magnum 17 – 0101 firearm, Sixteen (16) Redstar AAA 5’20 live rounds of Cartridges and Twenty-Seven (27) expended Redstar, contrary to Section 26 (1) of the Terrorism (Prevention and Prohibition Act) 2022 and punishable under Section 26 (3) (a) and (b) of the Terrorism (Prevention and Prohibition Act) 2022.

2022 and punishable under Section 26 (3) (a) and (b) of the Terrorism (Prevention and Prohibition Act) 2022.

“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State within the jurisdiction of this Honourable Court, without a license, did have in your possession a Sturm Magnum 17 – 0101 firearm and thereby committed an offence contrary to Section 3 of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004 and punishable under Section 27 (1) (a) (i) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004.

“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State within the jurisdiction of this Honourable Court, without a license, did have in your possession Sixteen (16) Redstar AAA 5’20 live rounds of Cartridges and thereby committed an offence contrary to Section 8 (1) (b) (ii) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004 and punishable under Section 27 (1) (a) (i) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004.

“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State within the jurisdiction of this Honourable Court, without a license, did have in your possession Twenty-Seven (27) expended Redstar AAA 5’20 live rounds of cartridges and thereby committed an offence contrary to Section 8 (1) (b) (ii) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004 and punishable under Section 27 (1) (a) (i) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004.”

 

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UNICAL first female SUG president graduates with First Class

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A former President of the Students’ Union Government of the University of Calabar, Blessing Alims, has called on Nigerian youths to embrace discipline and the spirit of resilience as essential tools for success.

Alims, who gained admission in 2020, said she funded her studies through menial jobs, including shoemaking and fashion designing at the Cross River Garment Factory, while volunteering with the Girls’ Power Initiative in Calabar.

She graduated as one of the best graduating student recently at the university’s 38th convocation.

Speaking on Tuesday in Calabar, Alims stressed that while the country presents numerous challenges, young people must resist the temptation to solely blame external factors for their setbacks.

According to her, discipline remains the defining factor that separates successful individuals from those who remain stagnant despite having opportunities.

She added, “You must be consistent and focus. In my 300 level, I broke barriers as the first female SUG President, leading over 45,000 students. During my tenure, I improved campus transportation with five mini buses, awarded N1,000,000 to the best graduating student, sponsored 50 students through the SUG President scholarship scheme, secured a solar-powered borehole to improve hostel water access and championed advocacy that led to the university’s first gender policy”.

The union leader also highlighted the importance of education, skill acquisition, and entrepreneurship, urging young Nigerians to invest in personal growth and development.

She further encouraged students and graduates to be intentional on discipline and make productive use of digital platforms, describing the internet as a powerful tool for learning, networking, and economic empowerment.

“Discipline is not just about avoiding distractions; it is about making the right choices daily, even when it is inconvenient. The internet is a powerful tool for learning, networking, and economic empowerment. Utilize it effectively.”

“In 2020, I got admitted; in 2024, I made history as the first female SUG President in UNICAL since 1975. In 2026, I graduated with a First Class. Let my story inspire you.

“Today, I am the number six overall best graduating students  at the University of Calabar 38th Convocation and the overall best from my faculty, department  and LGA”, she said.

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Katsina Prepares 1000 Couples Ahead Of Massive April Wedding

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The Katsina State Government, in collaboration with an NGO, Al-Usra Marital Support Foundation, on Thursday organised an intensive pre-marital counselling and training for about 1,000 intending couples.

The exercise, held in Katsina, Daura and Funtua zones, was part of preparations for a mass wedding, ‘Auren Gata’, an initiative of the state government, scheduled for April 25.

The chairperson of the foundation, Dr Murjanatu Ibrahim-Duwan, said that the training was aimed at strengthening family values and reducing divorce in the society.

She said the foundation was partnering with relevant authorities to prepare couples, representing 2,000 individuals, for the planned mass wedding.

Ibrahim-Duwan added that the initiative was designed to equip the intending couples with the knowledge and skills required to build stable and successful marriages.

She said the couples were earlier screened by the state Ministry of Women Affairs to ensure they are fit and ready for marriage.

She said the training exercise had been divided into three zones, Malumfashi, Daura and Katsina, to allow participants from different locations conveniently attend the sessions.

“The training is to prepare the couples for a successful married life by educating them on their responsibilities to one another and the importance of mutual understanding in marriage,” she said.

Ibrahim-Duwan added that the sessions also provided guidance on Islamic perspectives on marriage, conflict resolution and ways to maintain harmony in the home.

She noted that participants would receive certificates, which would serve as a requirement for participation in the mass wedding.

The chairperson further explained that the ministry of women affairs compiled and verified the list of screened couples after conducting medical tests and other necessary evaluations.

She expressed optimism that the initiative would contribute significantly to reducing marital disputes and strengthening family institutions in the state.

Earlier, the Hisbah Commander in the state, Dr Aminu Usman (Abu Ammar), said the initiative, the first in the state, would help in reducing immorality.

He said the state government would also provide the couples with all the necessary support needed for marriage, and also a capital for the groom to start a business.

Usman said after the wedding, the board would continue to monitor the couples, to ensure a true and peaceful marriage.

The Commissioner for Women Affairs, Aisha Aminu-Malumfashi, said the initiative was to prevent the beneficiaries, especially women, from falling into immorality.

Represented by Amina Sada-Mashi, the Spokesperson of the ministry, the commissioner said the beneficiaries were made to undergo a thorough screening, such as genotype, HIV and other health issues.

 

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