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February 17, 2025 Fani-Kayode Accuses Binance’s Gambaryan of Using USAID Funds to Finance Boko Haram

Fani-Kayode Accuses Binance’s Gambaryan of Using USAID Funds to Finance Boko Haram

Former Aviation Minister Femi Fani-Kayode has accused Binance executive Tigran Gambaryan of being a conduit for funding Boko Haram through the United States Agency for International Development (USAID).

On Monday, Fani-Kayode labeled Gambaryan a "terrorism enabler" and "economic saboteur," dismissing his allegations against Nigeria’s National Security Adviser, Nuhu Ribadu. Gambaryan had accused Ribadu of demanding funds for his political ambitions and claimed that some lawmakers requested a $150 million bribe—claims that have been denied by both the lawmakers and the Nigerian government.

Taking to X (formerly Twitter), Fani-Kayode warned that Gambaryan should prepare for “divine retribution.” He described the Binance executive as a “CIA operative, fiscal bandit, criminal, leech, vampire, and economic saboteur” while asserting that he played a role in using USAID money to fund Boko Haram.

“The long arm of justice will eventually get you for the atrocities you committed in our country,” Fani-Kayode wrote.

February 15, 2025 Obasa Takes Lagos Assembly and Meranda to Court Over Removal

Obasa Takes Lagos Assembly and Meranda to Court Over Removal

Former Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has taken legal action against the Assembly and its newly elected Speaker, Mojisola Meranda. Obasa filed a suit before the Lagos State High Court in Ikeja, contesting the legitimacy of his removal from office.

In the yet-to-be-assigned case, Obasa is urging the court to rule that his impeachment was unlawful, arguing that his colleagues acted beyond their authority by removing him while the House was on recess.

According to court documents filed on February 12, 2025, by his counsel, Chief Afolabi Fashanu (SAN), Obasa asserts that 36 lawmakers voted for his removal on January 13, 2025, while he was out of the country. He contends that this action violated constitutional provisions and the Standing Orders of the Lagos State House of Assembly.

Obasa is seeking the following legal reliefs: an order for an expedited hearing of the case, a directive limiting the time for the defendants to file counter-affidavits or written responses to seven days, and a restriction on the plaintiff’s time for filing replies on points of law to three days.

His arguments rest on nine legal grounds, including the interpretation of relevant sections of the 1999 Constitution (as amended) and the House’s procedural rules. He argues that a legislative sitting during recess—without proper authorization from the Speaker—renders all decisions taken during that period unconstitutional.

Obasa insists that the case requires urgent adjudication to prevent disruptions in the legislative process. He maintains that the Assembly’s leadership transition was unlawful and that the court has the authority to fast-track hearings on such critical constitutional matters.

On January 13, 2025, more than two-thirds of the 40-member House voted to impeach Obasa over alleged misconduct and other infractions. In his absence, his deputy, Mojisola Meranda, was elected Speaker, making history as the first female to lead the Lagos State Assembly.

Following his return to Lagos on January 25, Obasa addressed supporters at his Ikeja residence, reiterating that he was not afraid of impeachment but emphasizing that due process was ignored. He accused the Lagos State Commissioner of Police of facilitating his removal, alleging that security forces stormed both the Assembly complex and his residences in Agege and Ikeja, locking his family inside with over 200 officers present.

Dismissing allegations of financial misappropriation, Obasa maintains that his removal was orchestrated behind closed doors while he was abroad.

No court date has been set for the hearing of the case.

February 14, 2025 Interior Minister: Canada’s Visa Denial of CDS is Disrespectful to Nigeria

Interior Minister: Canada’s Visa Denial of CDS is Disrespectful to Nigeria

The Minister of Interior, Olubunmi Tunji-Ojo, has criticized the Canadian Embassy for denying a visa to Nigeria’s Chief of Defence Staff, General Christopher Musa. General Musa revealed on Thursday during the maiden annual lecture of the National Association of the Institute for Security Studies that he and some members of his team were refused visas to attend an event honoring war veterans in Canada.

Tunji-Ojo, speaking in an interview on Friday, condemned the decision, stating that it was not only disrespectful to General Musa but also to Nigeria as a whole. He questioned how an ordinary Nigerian would be treated by the Canadian authorities if such an action could be taken against a high-ranking official.

Without knowing all the facts, he said, the issue of reciprocity in diplomatic relations must be considered. While acknowledging that migration management is a sovereign issue, he emphasized that diplomatic respect should be maintained. He argued that if there were concerns from the Canadian embassy, they could have been addressed through diplomatic channels rather than outright visa denial.

Tunji-Ojo expressed confidence that the Ministry of Foreign Affairs would take appropriate diplomatic steps to address the situation and ensure mutual respect between both nations.

Meanwhile, the National Security Adviser (NSA), Nuhu Ribadu, also condemned Canada’s decision. Speaking at the same event where General Musa disclosed the visa denial, Ribadu described the action as disrespectful and stated that Canada “can go to hell.” He acknowledged the pain caused by the incident but urged Nigerians to remain strong and work towards fixing the country.

Ribadu also praised General Musa for his leadership in the fight against insecurity, noting that security agencies are working together across the country to address various challenges.

February 13, 2025 National Assembly Approves ₦54.99 Trillion 2025 Budget

National Assembly Approves ₦54.99 Trillion 2025 Budget

The National Assembly on Thursday passed the ₦54.99 trillion 2025 Appropriation Bill, with both the Senate and the House of Representatives separately approving the budget.

A breakdown of the budget allocation includes ₦3.645 trillion for statutory transfers, ₦14.317 trillion for debt servicing, ₦13.64 trillion for recurrent expenditure, and ₦23.963 trillion for capital expenditure (development fund). The fiscal deficit was pegged at ₦13.08 trillion, with a deficit-to-GDP ratio of 1.52%.

Last week, President Bola Tinubu increased the proposed 2025 fiscal budget from ₦49.7 trillion to ₦54.2 trillion, seeking swift approval from both legislative chambers.

While presenting the bill for consideration, Abubakar Bichi, Chairman of the House Committee on Appropriations, stated that the committee engaged with the Presidential Economic Planning Team to further discuss revenue projections and expenditure plans.

Bichi also noted that the 2025 Appropriation Bill was submitted later than the 2024 budget and urged the executive branch to present future budgets at least three months before the next financial year to ensure the continuation of the January-December budget cycle.

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