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  • Blessing CEO Assaulted While Intervening in Alleged Domestic Violence Incident

    Popular Nigerian relationship expert and social media personality, Blessing CEO, was reportedly assaulted after attempting to stop a man from beating his pregnant wife in front of their shop. A viral video shows Blessing intervening before the man turned on her and a companion, chasing them away. The woman later claimed the attack was triggered after her husband discovered she secretly borrowed money to start a business. While many Nigerians have condemned the violence and praised Blessing’s intervention, others have questioned the authenticity of the video, suggesting it may be a staged skit. The true nature of the incident remains unconfirmed, but the footage has reignited conversations around domestic violence.

    #BlessingCEO #DomesticViolence #NigeriaNews #SocialMedia
    Blessing CEO Assaulted While Intervening in Alleged Domestic Violence Incident Popular Nigerian relationship expert and social media personality, Blessing CEO, was reportedly assaulted after attempting to stop a man from beating his pregnant wife in front of their shop. A viral video shows Blessing intervening before the man turned on her and a companion, chasing them away. The woman later claimed the attack was triggered after her husband discovered she secretly borrowed money to start a business. While many Nigerians have condemned the violence and praised Blessing’s intervention, others have questioned the authenticity of the video, suggesting it may be a staged skit. The true nature of the incident remains unconfirmed, but the footage has reignited conversations around domestic violence. #BlessingCEO #DomesticViolence #NigeriaNews #SocialMedia
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  • Did Abdulfatah Ahmed Divert ₦5.78 Billion UBEC Funds? Why Kwara Court Adjourned Ex-Governor’s Fraud Trial to February 16

    A Kwara State High Court sitting in Ilorin has adjourned the ₦5.78 billion alleged fraud trial of former Governor Abdulfatah Ahmed and his former Commissioner for Finance, Ademola Banu, raising fresh questions about how public education funds were allegedly diverted under the previous administration. The case, which resumed before Justice Mahmud Abdulgafar, was postponed to February 16, 2026, following legal objections during the presentation of evidence by the prosecution.

    The Economic and Financial Crimes Commission (EFCC), through its Ilorin Zonal Directorate, is prosecuting the former officials over claims that funds meant for educational development were unlawfully redirected. According to the EFCC, the defendants approved the use of Universal Basic Education Commission (UBEC) matching grants—money specifically allocated for building and upgrading primary and junior secondary schools across Kwara’s 16 local government areas—to pay civil servants’ salaries, contrary to the conditions attached to the funds.

    During the latest hearing, the prosecution called its sixth witness, Stanley Ujilibo, who told the court that the EFCC obtained bank statements from Polaris Bank (formerly Skye Bank) and Guaranty Trust Bank as part of its investigation. He explained that official letters dated August 1, 2025, were sent to both banks requesting records of Kwara State Government accounts. The banks acknowledged the requests and provided the statements, which were admitted as exhibits by the court.

    The trial further revisited earlier testimony by a former Accountant-General of Kwara State, Suleiman Oluwadare Ishola, who stated that ₦1 billion from UBEC matching grants was borrowed in 2015 by the Ahmed administration to pay salaries and pensions. This revelation has intensified public scrutiny over whether funds intended for school infrastructure were systematically diverted for recurrent government expenses.

    However, proceedings were briefly stalled when the EFCC attempted to tender additional documents from the Ministry of Finance and the Office of the Accountant-General. Defence counsel, led by Kamaldeen Ajibade, objected on procedural grounds, arguing that the documents had not been properly highlighted for clarity and reference. Justice Abdulgafar upheld the objection and consequently adjourned the case.

    The adjournment has sparked debate across Kwara State and beyond: Was public education funding sacrificed to cover salary obligations? Did the former administration violate the terms governing UBEC grants? And will the evidence presented be enough to establish criminal responsibility?

    As the trial continues, the case stands as a major test of accountability in Nigeria’s anti-corruption efforts, particularly regarding the management of education funds and the prosecution of high-profile political figures.


    Did Abdulfatah Ahmed Divert ₦5.78 Billion UBEC Funds? Why Kwara Court Adjourned Ex-Governor’s Fraud Trial to February 16 A Kwara State High Court sitting in Ilorin has adjourned the ₦5.78 billion alleged fraud trial of former Governor Abdulfatah Ahmed and his former Commissioner for Finance, Ademola Banu, raising fresh questions about how public education funds were allegedly diverted under the previous administration. The case, which resumed before Justice Mahmud Abdulgafar, was postponed to February 16, 2026, following legal objections during the presentation of evidence by the prosecution. The Economic and Financial Crimes Commission (EFCC), through its Ilorin Zonal Directorate, is prosecuting the former officials over claims that funds meant for educational development were unlawfully redirected. According to the EFCC, the defendants approved the use of Universal Basic Education Commission (UBEC) matching grants—money specifically allocated for building and upgrading primary and junior secondary schools across Kwara’s 16 local government areas—to pay civil servants’ salaries, contrary to the conditions attached to the funds. During the latest hearing, the prosecution called its sixth witness, Stanley Ujilibo, who told the court that the EFCC obtained bank statements from Polaris Bank (formerly Skye Bank) and Guaranty Trust Bank as part of its investigation. He explained that official letters dated August 1, 2025, were sent to both banks requesting records of Kwara State Government accounts. The banks acknowledged the requests and provided the statements, which were admitted as exhibits by the court. The trial further revisited earlier testimony by a former Accountant-General of Kwara State, Suleiman Oluwadare Ishola, who stated that ₦1 billion from UBEC matching grants was borrowed in 2015 by the Ahmed administration to pay salaries and pensions. This revelation has intensified public scrutiny over whether funds intended for school infrastructure were systematically diverted for recurrent government expenses. However, proceedings were briefly stalled when the EFCC attempted to tender additional documents from the Ministry of Finance and the Office of the Accountant-General. Defence counsel, led by Kamaldeen Ajibade, objected on procedural grounds, arguing that the documents had not been properly highlighted for clarity and reference. Justice Abdulgafar upheld the objection and consequently adjourned the case. The adjournment has sparked debate across Kwara State and beyond: Was public education funding sacrificed to cover salary obligations? Did the former administration violate the terms governing UBEC grants? And will the evidence presented be enough to establish criminal responsibility? As the trial continues, the case stands as a major test of accountability in Nigeria’s anti-corruption efforts, particularly regarding the management of education funds and the prosecution of high-profile political figures.
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  • Did Heaven’s Gate Founder Apostle Chikere Ship Her Lexus to Nigeria and Claim It Was Stolen? How an Ex-Husband Says £17,000 Was Collected From UK Insurers and What This Means for Accountability

    A major controversy has erupted around Apostle Chikere Nwafor, founder of Heaven’s Gateway Ministries, following allegations by her ex-husband, Martin Ogbulu, that she shipped her luxury Lexus SUV from the United Kingdom to Nigeria and later reported the vehicle as stolen to her insurance company—allegedly collecting nearly £17,000 in compensation.

    Speaking to SaharaReporters, Martin detailed a sequence of events he claims exposed what he describes as a calculated scheme. According to him, the first warning sign appeared when the Lexus, normally parked in its usual space in the UK, suddenly disappeared. When he questioned Chikere, she reportedly told him her cousins had borrowed the car for a family event, an explanation he initially found believable.

    Weeks later, Martin said Chikere contacted him in a panic from Nigeria, pleading for help and warning that her insurance company would soon reach out to him. She allegedly told him that she had already filed reports and emails claiming the vehicle had been stolen. When insurers later contacted him to ask whether the car was at home, Martin said he simply told them he had not seen the vehicle, unaware at the time that it had allegedly been shipped abroad.

    According to Martin, the insurance company subsequently paid Chikere close to £17,000. He later realised, he claimed, that the same Lexus RX450h she reported as stolen was already in Nigeria and in use. He alleged that he possesses photographs showing the vehicle in the UK before shipping and later in Nigeria, insisting that “the car didn’t disappear—it was moved.”

    Martin further alleged that this was not an isolated incident but part of what he described as a pattern of deceptive behaviour, claiming that Chikere used influence and connections to manipulate situations. He said the timeline suggested the car was shipped shortly before Chikere travelled to Nigeria, after which the insurance claim was made.

    As of the time of publication, Apostle Chikere had not responded to repeated requests for comment from SaharaReporters.

    The allegations also revive earlier controversies surrounding the cleric, including claims that she orchestrated the arrest and prolonged detention of a former church caretaker, Alfred Morris Oyawari, over alleged missing building materials. According to Martin, Alfred—who earned just ₦40,000 monthly and managed multiple construction projects for years—was arrested in April 2025 and has remained in custody at Ikoyi Prison, with allegations of police influence, court delays, and pressure on relatives not to pursue legal action.

    Together, the claims raise troubling questions about abuse of power, accountability, and the treatment of vulnerable individuals by influential religious figures. If proven, the Lexus insurance allegation would not only implicate possible fraud but also deepen public scrutiny of how authority and privilege can be used to evade responsibility.


    Did Heaven’s Gate Founder Apostle Chikere Ship Her Lexus to Nigeria and Claim It Was Stolen? How an Ex-Husband Says £17,000 Was Collected From UK Insurers and What This Means for Accountability A major controversy has erupted around Apostle Chikere Nwafor, founder of Heaven’s Gateway Ministries, following allegations by her ex-husband, Martin Ogbulu, that she shipped her luxury Lexus SUV from the United Kingdom to Nigeria and later reported the vehicle as stolen to her insurance company—allegedly collecting nearly £17,000 in compensation. Speaking to SaharaReporters, Martin detailed a sequence of events he claims exposed what he describes as a calculated scheme. According to him, the first warning sign appeared when the Lexus, normally parked in its usual space in the UK, suddenly disappeared. When he questioned Chikere, she reportedly told him her cousins had borrowed the car for a family event, an explanation he initially found believable. Weeks later, Martin said Chikere contacted him in a panic from Nigeria, pleading for help and warning that her insurance company would soon reach out to him. She allegedly told him that she had already filed reports and emails claiming the vehicle had been stolen. When insurers later contacted him to ask whether the car was at home, Martin said he simply told them he had not seen the vehicle, unaware at the time that it had allegedly been shipped abroad. According to Martin, the insurance company subsequently paid Chikere close to £17,000. He later realised, he claimed, that the same Lexus RX450h she reported as stolen was already in Nigeria and in use. He alleged that he possesses photographs showing the vehicle in the UK before shipping and later in Nigeria, insisting that “the car didn’t disappear—it was moved.” Martin further alleged that this was not an isolated incident but part of what he described as a pattern of deceptive behaviour, claiming that Chikere used influence and connections to manipulate situations. He said the timeline suggested the car was shipped shortly before Chikere travelled to Nigeria, after which the insurance claim was made. As of the time of publication, Apostle Chikere had not responded to repeated requests for comment from SaharaReporters. The allegations also revive earlier controversies surrounding the cleric, including claims that she orchestrated the arrest and prolonged detention of a former church caretaker, Alfred Morris Oyawari, over alleged missing building materials. According to Martin, Alfred—who earned just ₦40,000 monthly and managed multiple construction projects for years—was arrested in April 2025 and has remained in custody at Ikoyi Prison, with allegations of police influence, court delays, and pressure on relatives not to pursue legal action. Together, the claims raise troubling questions about abuse of power, accountability, and the treatment of vulnerable individuals by influential religious figures. If proven, the Lexus insurance allegation would not only implicate possible fraud but also deepen public scrutiny of how authority and privilege can be used to evade responsibility.
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  • New Tax Law 2026: Simple and Legal Bank Transfer Narrations Nigerians Can Use to Avoid Overpaying Tax as FG Begins Digital Monitoring

    As Nigeria prepares to roll out a new tax regime in January 2026, financial experts are urging Nigerians to pay closer attention to how they describe bank transfers. The federal government plans to rely more on digital banking data to improve tax compliance, meaning bank transfer narrations could play a key role in determining whether funds are classified as taxable income.

    Tax consultants explain that tax is charged mainly on income earned from services or business activities. When bank transfer narrations are vague or misleading, such transactions may be flagged as income, potentially leading to higher tax liabilities, audits, or penalties during annual filings. Using clear, accurate, and honest descriptions helps ensure individuals only pay tax when it is legally required.

    To guide Nigerians, experts recommend simple and lawful narrations such as “Gift/Family support” for personal gifts, “Refund/Reimbursement” for returned money, “Personal transfer” for moving one’s own funds, “Loan received” for borrowed money, and “Capital contribution” when injecting personal funds into a business. For business transactions, describing the exact goods or services sold is advised.

    However, Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, clarified that banks will not automatically deduct money from accounts regardless of narration. He stressed that Nigerians will still declare their income themselves at year-end, adding that the reform is meant to promote awareness and fairness, not to impose hidden taxes.

    The government also dismissed widespread fears surrounding the new tax law, noting that low-income earners, gifts, remittances, pensions, and Nigerians in the diaspora remain exempt. Overall, the reform is positioned as a move to reduce the tax burden on vulnerable groups, strengthen compliance, and stimulate economic growth—making accurate bank transfer narrations an important habit for Nigerians ahead of 2026.
    New Tax Law 2026: Simple and Legal Bank Transfer Narrations Nigerians Can Use to Avoid Overpaying Tax as FG Begins Digital Monitoring As Nigeria prepares to roll out a new tax regime in January 2026, financial experts are urging Nigerians to pay closer attention to how they describe bank transfers. The federal government plans to rely more on digital banking data to improve tax compliance, meaning bank transfer narrations could play a key role in determining whether funds are classified as taxable income. Tax consultants explain that tax is charged mainly on income earned from services or business activities. When bank transfer narrations are vague or misleading, such transactions may be flagged as income, potentially leading to higher tax liabilities, audits, or penalties during annual filings. Using clear, accurate, and honest descriptions helps ensure individuals only pay tax when it is legally required. To guide Nigerians, experts recommend simple and lawful narrations such as “Gift/Family support” for personal gifts, “Refund/Reimbursement” for returned money, “Personal transfer” for moving one’s own funds, “Loan received” for borrowed money, and “Capital contribution” when injecting personal funds into a business. For business transactions, describing the exact goods or services sold is advised. However, Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, clarified that banks will not automatically deduct money from accounts regardless of narration. He stressed that Nigerians will still declare their income themselves at year-end, adding that the reform is meant to promote awareness and fairness, not to impose hidden taxes. The government also dismissed widespread fears surrounding the new tax law, noting that low-income earners, gifts, remittances, pensions, and Nigerians in the diaspora remain exempt. Overall, the reform is positioned as a move to reduce the tax burden on vulnerable groups, strengthen compliance, and stimulate economic growth—making accurate bank transfer narrations an important habit for Nigerians ahead of 2026.
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  • LPG Marketers Accuse Dangote Refinery of Blocking Gas Loading for Over One Month After Full Payment, Allege Product Diversion, Preferential Pricing and Financial Losses

    Some Liquefied Petroleum Gas (LPG) marketers have accused the Dangote Refinery of deliberately frustrating their operations by preventing them from loading LPG products more than a month after full payment was made. The aggrieved marketers told SaharaReporters that despite settling proforma invoices and meeting all financial obligations, access to the Dangote gantry has remained blocked, leaving many traders in severe financial distress. Several marketers said they borrowed heavily from banks to fund their allocations and are now burdened with high interest costs due to prolonged delays.

    The marketers further alleged that LPG already paid for is being diverted by the refinery for the production of polypropylene, while independent traders are sidelined. They also criticised what they described as an inefficient and opaque loading system, claiming FAN tickets take weeks to process and that traders are restricted to loading only one truck every two weeks, often requiring insider connections. Additional complaints include alleged preferential pricing for consortium members, uncompetitive margins for independent marketers, the sale of Aviation Turbine Kerosene (ATK) in US dollars, and pricing structures that make profitability nearly impossible for traders relying on bank loans.

    Responding to the allegations, Dangote Group’s Chief Communications Officer, Tony Chiejina, dismissed the criticisms, stating that the refinery’s impact would become clearer over time and highlighting Nigeria’s improved fuel availability during festive periods. He also hinted at what he described as an impending “big revolution” in LPG, urging critics to be patient as the refinery’s long-term benefits unfold.
    LPG Marketers Accuse Dangote Refinery of Blocking Gas Loading for Over One Month After Full Payment, Allege Product Diversion, Preferential Pricing and Financial Losses Some Liquefied Petroleum Gas (LPG) marketers have accused the Dangote Refinery of deliberately frustrating their operations by preventing them from loading LPG products more than a month after full payment was made. The aggrieved marketers told SaharaReporters that despite settling proforma invoices and meeting all financial obligations, access to the Dangote gantry has remained blocked, leaving many traders in severe financial distress. Several marketers said they borrowed heavily from banks to fund their allocations and are now burdened with high interest costs due to prolonged delays. The marketers further alleged that LPG already paid for is being diverted by the refinery for the production of polypropylene, while independent traders are sidelined. They also criticised what they described as an inefficient and opaque loading system, claiming FAN tickets take weeks to process and that traders are restricted to loading only one truck every two weeks, often requiring insider connections. Additional complaints include alleged preferential pricing for consortium members, uncompetitive margins for independent marketers, the sale of Aviation Turbine Kerosene (ATK) in US dollars, and pricing structures that make profitability nearly impossible for traders relying on bank loans. Responding to the allegations, Dangote Group’s Chief Communications Officer, Tony Chiejina, dismissed the criticisms, stating that the refinery’s impact would become clearer over time and highlighting Nigeria’s improved fuel availability during festive periods. He also hinted at what he described as an impending “big revolution” in LPG, urging critics to be patient as the refinery’s long-term benefits unfold.
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  • Family of bride whose marriage ended after two days release evidence to dispute groom's claim as they accuse him of lying to cover his philandering ways.

    Uchechi Sandra Nnenne, 22, married Iwuchukwu Chukwuebuka Bobby, 29, on Jan. 4, 2025, and by Jan. 6, 2025, the marriage was over.

    Sandra gave reasons for this, including that he lied about many things, borrowed money from her and also tried to borrow millions from her parents. She added that her family largely sponsored the wedding with N7million.

    Reacting Bobby told LIB that he ended the marriage because Sandra was pregnant for her boss. When LIB asked him what happened to the baby since there was no baby bump and Sandra has not given birth after 11 months, he claimed she must have k!lled the child.

    Sandra's family members have now reached out to LIB with evidence corroborating their sister's claim.

    They shared with us audio recordings, purportedly of Chukwuebuka, aka Bobby, begging Sandra's father for forgiveness for cheating on his child with multiple women, including with one of her friends.

    They also shared screenshots of messages Bobby sent to their mother and to Sandra's sisters, begging for forgiveness for cheating on Sandra while asking them to beg her not to end the marriage.

    Another screenshot purportedly shows him attempting to strike up a relationship with another woman and when she asked if he wasn't married, he claimed the marriage ended due to genotype issues, claiming they were both AS, even though Sandra is AA.

    Eventually, when he saw Sandra had resolved to walk away, he allegedly began a smear campaign against her and changed the genotype incompatibility story.

    More to come, including voice notes purportedly of Bobby admitting he cheated and begging for forgiveness, and a reconciliation with Sandra.
    Family of bride whose marriage ended after two days release evidence to dispute groom's claim as they accuse him of lying to cover his philandering ways. Uchechi Sandra Nnenne, 22, married Iwuchukwu Chukwuebuka Bobby, 29, on Jan. 4, 2025, and by Jan. 6, 2025, the marriage was over. Sandra gave reasons for this, including that he lied about many things, borrowed money from her and also tried to borrow millions from her parents. She added that her family largely sponsored the wedding with N7million. Reacting Bobby told LIB that he ended the marriage because Sandra was pregnant for her boss. When LIB asked him what happened to the baby since there was no baby bump and Sandra has not given birth after 11 months, he claimed she must have k!lled the child. Sandra's family members have now reached out to LIB with evidence corroborating their sister's claim. They shared with us audio recordings, purportedly of Chukwuebuka, aka Bobby, begging Sandra's father for forgiveness for cheating on his child with multiple women, including with one of her friends. They also shared screenshots of messages Bobby sent to their mother and to Sandra's sisters, begging for forgiveness for cheating on Sandra while asking them to beg her not to end the marriage. Another screenshot purportedly shows him attempting to strike up a relationship with another woman and when she asked if he wasn't married, he claimed the marriage ended due to genotype issues, claiming they were both AS, even though Sandra is AA. Eventually, when he saw Sandra had resolved to walk away, he allegedly began a smear campaign against her and changed the genotype incompatibility story. More to come, including voice notes purportedly of Bobby admitting he cheated and begging for forgiveness, and a reconciliation with Sandra.
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  • FG Falls Short of 2025
    Revenue Target by N30 Trillion - Finance Minister

    The Federal Government has recorded a major revenue shortfall in the 2025 fiscal year, missing its target by about N30 trillion, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed.

    Edun made this known during an interactive session with the House of Representatives Committees on Finance and National Planning, convened to discuss the 2026-2028 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) submitted by President Bola Tinubu.

    According to the minister, the government projected N40.8 trillion in revenue to fund the N54.9 trillion 2025 budget, but actual inflows are now expected to close the year at around N10.7 trillion.

    He attributed the shortfall mainly to weak oil and gas revenues, including lower Petroleum Profit Tax and Company Income Tax receipts, alongside underperformance in several non-oil revenue streams. To bridge the funding gap, the government borrowed about N14.1 trillion during the year.

    Despite the revenue squeeze, Edun said the government had continued to meet key obligations such as salaries, statutory transfers and debt servicing through prudent cash management and prioritisation of essential spending.

    He cautioned against expenditure plans tied to optimistic oil revenue assumptions, while lawmakers pledged to scrutinise the MTEF and FSP to ensure fiscal projections are realistic and aligned with current economic conditions.
    FG Falls Short of 2025 Revenue Target by N30 Trillion - Finance Minister The Federal Government has recorded a major revenue shortfall in the 2025 fiscal year, missing its target by about N30 trillion, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed. Edun made this known during an interactive session with the House of Representatives Committees on Finance and National Planning, convened to discuss the 2026-2028 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) submitted by President Bola Tinubu. According to the minister, the government projected N40.8 trillion in revenue to fund the N54.9 trillion 2025 budget, but actual inflows are now expected to close the year at around N10.7 trillion. He attributed the shortfall mainly to weak oil and gas revenues, including lower Petroleum Profit Tax and Company Income Tax receipts, alongside underperformance in several non-oil revenue streams. To bridge the funding gap, the government borrowed about N14.1 trillion during the year. Despite the revenue squeeze, Edun said the government had continued to meet key obligations such as salaries, statutory transfers and debt servicing through prudent cash management and prioritisation of essential spending. He cautioned against expenditure plans tied to optimistic oil revenue assumptions, while lawmakers pledged to scrutinise the MTEF and FSP to ensure fiscal projections are realistic and aligned with current economic conditions.
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  • Egbon Bayo Onanuga abusing me because i stated the position of Nigeria’s debt. He called me economic illiterate—-a presidential spokesperson ooooo

    Tell Egbon Bayo to challenge me with facts not abuses.

    Has Nigeria not borrowed 152 trillion under Tinubu?
    @ruffydfire
    Egbon Bayo Onanuga abusing me because i stated the position of Nigeria’s debt. He called me economic illiterate—-a presidential spokesperson ooooo Tell Egbon Bayo to challenge me with facts not abuses. Has Nigeria not borrowed 152 trillion under Tinubu? @ruffydfire
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  • We are in Full Support of Pres Tinubu’s Borrowing Plan – House of Reps Speaker , Tajudeen Abbas.

    The Speaker of the House of Representatives, Tajudeen Abbas, has reaffirmed that the Green Chamber fully supports President Bola Ahmed Tinubu’s borrowing plan, describing it as vital for Nigeria’s economic growth and poverty reduction.

    Speaking in Abuja on Monday at the 8th Annual African Network of Parliamentary Budget Offices (AN-PBO) Conference, Abbas dismissed claims that lawmakers were against the President’s borrowing policy, calling such reports “mischievous and misleading.”

    According to him, a recent statement by the House Leader at the West African Parliamentary Conference (WAPC) was wrongly reported, creating the false impression that the House opposed Tinubu’s borrowing approach.

    “The 10th House and the National Assembly have consistently maintained that, given our urgent developmental needs, strategic and responsible borrowing is a necessary fiscal tool. Like other modern economies, Nigeria must at times rely on credit to fund critical infrastructure, drive growth, and protect vulnerable groups. What matters, and what the President has assured, is that borrowing remains targeted, transparent, and sustainable under Nigeria’s Medium-Term Debt Strategy and in line with global best practices,” he explained.

    Abbas stressed that under President Tinubu, borrowed funds are being channelled into transformative projects in sectors like power, transport, and agriculture to boost revenue generation rather than consumption. He noted that the House fully supports Tinubu’s vision of using prudent borrowing as a catalyst for growth and poverty reduction, while also ensuring strong oversight to guarantee accountability.
    We are in Full Support of Pres Tinubu’s Borrowing Plan – House of Reps Speaker , Tajudeen Abbas. The Speaker of the House of Representatives, Tajudeen Abbas, has reaffirmed that the Green Chamber fully supports President Bola Ahmed Tinubu’s borrowing plan, describing it as vital for Nigeria’s economic growth and poverty reduction. Speaking in Abuja on Monday at the 8th Annual African Network of Parliamentary Budget Offices (AN-PBO) Conference, Abbas dismissed claims that lawmakers were against the President’s borrowing policy, calling such reports “mischievous and misleading.” According to him, a recent statement by the House Leader at the West African Parliamentary Conference (WAPC) was wrongly reported, creating the false impression that the House opposed Tinubu’s borrowing approach. “The 10th House and the National Assembly have consistently maintained that, given our urgent developmental needs, strategic and responsible borrowing is a necessary fiscal tool. Like other modern economies, Nigeria must at times rely on credit to fund critical infrastructure, drive growth, and protect vulnerable groups. What matters, and what the President has assured, is that borrowing remains targeted, transparent, and sustainable under Nigeria’s Medium-Term Debt Strategy and in line with global best practices,” he explained. Abbas stressed that under President Tinubu, borrowed funds are being channelled into transformative projects in sectors like power, transport, and agriculture to boost revenue generation rather than consumption. He noted that the House fully supports Tinubu’s vision of using prudent borrowing as a catalyst for growth and poverty reduction, while also ensuring strong oversight to guarantee accountability.
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  • Mr Eazi reveals he borrowed ₦19m from his uncle at 19 for a diesel business that failed three months later.
    Mr Eazi reveals he borrowed ₦19m from his uncle at 19 for a diesel business that failed three months later.
    0 Yorumlar ·0 hisse senetleri ·317 Views
  • Otunba Bamidele Akingboye, the Social Democratic Party governorship candidate in the 2024 Ondo State election has died at the age of 60.

    His Personal Assistant and Media Adviser, Oyeniyi Iwakun, confirmed that he passed away on Thursday at his residence in Victoria Garden City, Lagos. Born on April 2, 1964, Akingboye was a businessman, philanthropist & community leader.

    He served as Chief Executive Officer of Benshore Maritime & Clog Oil Systems, as well as President of WeAfrica Group. He also held the traditional title of Olowomeye I of Ikaleland. He is survived by his wives, children, grandchildren & siblings. The family said burial arrangements will be announced later.

    In his tribute, Ondo SDP Chairman, Ebenezer Akinbuli, described Akingboye as a visionary leader committed to service. “During his campaign, he shared his vision for a brighter Ondo State, anchored on good governance, social justice & sustainable development. His passion and leadership inspired many & his legacy will endure” Akinbuli said.

    He stressed that the Federal Government has not borrowed from local banks since the beginning of the year, underscoring the impact of the improved fiscal position.

    The Presidency further explained that the revenue surge has boosted allocations at the Federation Account Allocation Committee (FAAC), with disbursements to states and local governments exceeding ₦2 trillion in July for the first time in history.

    This, it said, has provided subnational governments with greater resources to fund food security, infrastructure, and social services. It, however, admitted that despite the record revenue, allocations are still insufficient to meet the administration’s ambitions in education, health, and infrastructure.

    Highlighting the shift away from oil dependency, the Presidency disclosed that non-oil revenues contributed ₦15.69 trillion of the total, accounting for three out of every four naira collected. While inflation and foreign exchange revaluation played a role, it said the growth was mainly reform-driven — through Customs automation, digitised filings, tighter enforcement, and expanded compliance.
    Otunba Bamidele Akingboye, the Social Democratic Party governorship candidate in the 2024 Ondo State election has died at the age of 60. His Personal Assistant and Media Adviser, Oyeniyi Iwakun, confirmed that he passed away on Thursday at his residence in Victoria Garden City, Lagos. Born on April 2, 1964, Akingboye was a businessman, philanthropist & community leader. He served as Chief Executive Officer of Benshore Maritime & Clog Oil Systems, as well as President of WeAfrica Group. He also held the traditional title of Olowomeye I of Ikaleland. He is survived by his wives, children, grandchildren & siblings. The family said burial arrangements will be announced later. In his tribute, Ondo SDP Chairman, Ebenezer Akinbuli, described Akingboye as a visionary leader committed to service. “During his campaign, he shared his vision for a brighter Ondo State, anchored on good governance, social justice & sustainable development. His passion and leadership inspired many & his legacy will endure” Akinbuli said. He stressed that the Federal Government has not borrowed from local banks since the beginning of the year, underscoring the impact of the improved fiscal position. The Presidency further explained that the revenue surge has boosted allocations at the Federation Account Allocation Committee (FAAC), with disbursements to states and local governments exceeding ₦2 trillion in July for the first time in history. This, it said, has provided subnational governments with greater resources to fund food security, infrastructure, and social services. It, however, admitted that despite the record revenue, allocations are still insufficient to meet the administration’s ambitions in education, health, and infrastructure. Highlighting the shift away from oil dependency, the Presidency disclosed that non-oil revenues contributed ₦15.69 trillion of the total, accounting for three out of every four naira collected. While inflation and foreign exchange revaluation played a role, it said the growth was mainly reform-driven — through Customs automation, digitised filings, tighter enforcement, and expanded compliance.
    0 Yorumlar ·0 hisse senetleri ·997 Views
  • Otunba Bamidele Akingboye, the Social Democratic Party governorship candidate in the 2024 Ondo State election has died at the age of 60.

    His Personal Assistant and Media Adviser, Oyeniyi Iwakun, confirmed that he passed away on Thursday at his residence in Victoria Garden City, Lagos. Born on April 2, 1964, Akingboye was a businessman, philanthropist & community leader.

    He served as Chief Executive Officer of Benshore Maritime & Clog Oil Systems, as well as President of WeAfrica Group. He also held the traditional title of Olowomeye I of Ikaleland. He is survived by his wives, children, grandchildren & siblings. The family said burial arrangements will be announced later.

    In his tribute, Ondo SDP Chairman, Ebenezer Akinbuli, described Akingboye as a visionary leader committed to service. “During his campaign, he shared his vision for a brighter Ondo State, anchored on good governance, social justice & sustainable development. His passion and leadership inspired many & his legacy will endure” Akinbuli said.

    He stressed that the Federal Government has not borrowed from local banks since the beginning of the year, underscoring the impact of the improved fiscal position.

    The Presidency further explained that the revenue surge has boosted allocations at the Federation Account Allocation Committee (FAAC), with disbursements to states and local governments exceeding ₦2 trillion in July for the first time in history.

    This, it said, has provided subnational governments with greater resources to fund food security, infrastructure, and social services. It, however, admitted that despite the record revenue, allocations are still insufficient to meet the administration’s ambitions in education, health, and infrastructure.

    Highlighting the shift away from oil dependency, the Presidency disclosed that non-oil revenues contributed ₦15.69 trillion of the total, accounting for three out of every four naira collected. While inflation and foreign exchange revaluation played a role, it said the growth was mainly reform-driven — through Customs automation, digitised filings, tighter enforcement, and expanded compliance.
    Otunba Bamidele Akingboye, the Social Democratic Party governorship candidate in the 2024 Ondo State election has died at the age of 60. His Personal Assistant and Media Adviser, Oyeniyi Iwakun, confirmed that he passed away on Thursday at his residence in Victoria Garden City, Lagos. Born on April 2, 1964, Akingboye was a businessman, philanthropist & community leader. He served as Chief Executive Officer of Benshore Maritime & Clog Oil Systems, as well as President of WeAfrica Group. He also held the traditional title of Olowomeye I of Ikaleland. He is survived by his wives, children, grandchildren & siblings. The family said burial arrangements will be announced later. In his tribute, Ondo SDP Chairman, Ebenezer Akinbuli, described Akingboye as a visionary leader committed to service. “During his campaign, he shared his vision for a brighter Ondo State, anchored on good governance, social justice & sustainable development. His passion and leadership inspired many & his legacy will endure” Akinbuli said. He stressed that the Federal Government has not borrowed from local banks since the beginning of the year, underscoring the impact of the improved fiscal position. The Presidency further explained that the revenue surge has boosted allocations at the Federation Account Allocation Committee (FAAC), with disbursements to states and local governments exceeding ₦2 trillion in July for the first time in history. This, it said, has provided subnational governments with greater resources to fund food security, infrastructure, and social services. It, however, admitted that despite the record revenue, allocations are still insufficient to meet the administration’s ambitions in education, health, and infrastructure. Highlighting the shift away from oil dependency, the Presidency disclosed that non-oil revenues contributed ₦15.69 trillion of the total, accounting for three out of every four naira collected. While inflation and foreign exchange revaluation played a role, it said the growth was mainly reform-driven — through Customs automation, digitised filings, tighter enforcement, and expanded compliance.
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  • Oyo Lawmaker Questions “Secret” N300B Loan Approval

    Hon. Shittu Ibraheem, representing Saki West constituency, has flagged the approval of a N300 billion loan for Oyo State, describing it as secretive and unauthorized. The loan, approved on August 19 and perfected on August 26, allegedly occurred during a 6-week House recess.

    Ibraheem distanced himself from the approval and questioned why the loan was needed, citing a 500% increase in FAAC allocations to the state.

    Financial records show Oyo State had already borrowed N93.4 billion in Q2 2025 and spent N18.6 billion on debt servicing in the first half of the year. Critics also questioned a recent N63.5 billion overhaul of Government House.

    #OyoState #Transparency #Governance #Nigeria #PublicFunds
    Oyo Lawmaker Questions “Secret” N300B Loan Approval Hon. Shittu Ibraheem, representing Saki West constituency, has flagged the approval of a N300 billion loan for Oyo State, describing it as secretive and unauthorized. The loan, approved on August 19 and perfected on August 26, allegedly occurred during a 6-week House recess. Ibraheem distanced himself from the approval and questioned why the loan was needed, citing a 500% increase in FAAC allocations to the state. Financial records show Oyo State had already borrowed N93.4 billion in Q2 2025 and spent N18.6 billion on debt servicing in the first half of the year. Critics also questioned a recent N63.5 billion overhaul of Government House. #OyoState #Transparency #Governance #Nigeria #PublicFunds
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  • Veteran Nollywood Actor Chief Kanran Passes On at 69 After A Brief Illness.

    Veteran Nollywood actor Olusegun Akinremi, popularly known as Chief Kanran, has d+ed at 69, just three days before his 70th birthday. A family source said the Yoruba film star passed away in a Lagos hospital on Friday after a brief.

    As of Friday evening, no official statement had been released. Famed for his charismatic portrayals of wealthy characters in Yoruba films, Chief Kanran also graced stage and TV productions for over five decades.

    He began acting as a child, later training at the University of Lagos and Obafemi Awolowo University, and was mentored by the late Ayanfemi Phillips. His work spanned Yoruba and English productions, including the TV soap Megafortune.

    In later years, he faced severe personal and financial hardships. In a 2015 radio interview, he revealed that a 2017 fir+ d+stroyed his home, studio, and equipment, leaving him homeless after also losing his wife to cancer.

    “My house got b¥rnt, my wife and children left me… I’ve been sleeping in a church for over a year. Feeding has been difficult,” he said. A devout Cherubim and Seraphim member, he was known for wearing his own clothes on set, avoiding borrowed costumes.

    Chief Kanran’s legacy endures through his mentorship of younger actors and his lasting impact on Yoruba cinema.
    Veteran Nollywood Actor Chief Kanran Passes On at 69 After A Brief Illness. Veteran Nollywood actor Olusegun Akinremi, popularly known as Chief Kanran, has d+ed at 69, just three days before his 70th birthday. A family source said the Yoruba film star passed away in a Lagos hospital on Friday after a brief. As of Friday evening, no official statement had been released. Famed for his charismatic portrayals of wealthy characters in Yoruba films, Chief Kanran also graced stage and TV productions for over five decades. He began acting as a child, later training at the University of Lagos and Obafemi Awolowo University, and was mentored by the late Ayanfemi Phillips. His work spanned Yoruba and English productions, including the TV soap Megafortune. In later years, he faced severe personal and financial hardships. In a 2015 radio interview, he revealed that a 2017 fir+ d+stroyed his home, studio, and equipment, leaving him homeless after also losing his wife to cancer. “My house got b¥rnt, my wife and children left me… I’ve been sleeping in a church for over a year. Feeding has been difficult,” he said. A devout Cherubim and Seraphim member, he was known for wearing his own clothes on set, avoiding borrowed costumes. Chief Kanran’s legacy endures through his mentorship of younger actors and his lasting impact on Yoruba cinema.
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  • Tinubu’s govt mortgaging our children’s future with reckless borrowing – Peter Obi.

    Peter Obi, former Anambra governor and 2023 presidential candidate of the Labour Party (LP), has raised alarm over Nigeria’s growing debt profile, warning that the government is mortgaging the future of unborn generations through unsustainable and unaccountable borrowing.

    In a statement issued on Monday, Obi described as worrisome the Senate’s recent approval of additional external loans totalling $21 billion, €2.2 billion, and ¥15 billion for the 2025–2026 fiscal period.

    He noted that the upper legislative chamber also approved a ₦750.98 billion domestic bond issuance and a €65 million grant.

    Obi said that as of the first quarter of 2025, Nigeria’s total public debt stood at ₦149.39 trillion, and with the new approvals amounting to about ₦37.2 trillion, the debt burden has risen to around ₦187 trillion.

    He warned that Nigeria’s total debt may exceed ₦200 trillion by the end of 2025.

    His words: “As our GDP before rebasing was about ₦269.2 trillion (about $180 billion), the government has borrowed the equivalent of nearly 70% of our previous GDP.

    “Even after the rebasing, which pushed our GDP to about ₦372.8 trillion (about $243.7 billion), the government would have borrowed about 50.16% of the new GDP — the highest debt-to-GDP ratio in our history as a nation.”

    The LP chieftain said the country is accumulating debt at an exponential rate “with little or nothing to show for it” in key sectors like education, healthcare, electricity, and security.

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    He stated: “We still rank low in all major human development indicators. While education is underfunded and standard in continuous decline, healthcare remains inaccessible to millions of Nigerians, particularly the poor.
    Tinubu’s govt mortgaging our children’s future with reckless borrowing – Peter Obi. Peter Obi, former Anambra governor and 2023 presidential candidate of the Labour Party (LP), has raised alarm over Nigeria’s growing debt profile, warning that the government is mortgaging the future of unborn generations through unsustainable and unaccountable borrowing. In a statement issued on Monday, Obi described as worrisome the Senate’s recent approval of additional external loans totalling $21 billion, €2.2 billion, and ¥15 billion for the 2025–2026 fiscal period. He noted that the upper legislative chamber also approved a ₦750.98 billion domestic bond issuance and a €65 million grant. Obi said that as of the first quarter of 2025, Nigeria’s total public debt stood at ₦149.39 trillion, and with the new approvals amounting to about ₦37.2 trillion, the debt burden has risen to around ₦187 trillion. He warned that Nigeria’s total debt may exceed ₦200 trillion by the end of 2025. His words: “As our GDP before rebasing was about ₦269.2 trillion (about $180 billion), the government has borrowed the equivalent of nearly 70% of our previous GDP. “Even after the rebasing, which pushed our GDP to about ₦372.8 trillion (about $243.7 billion), the government would have borrowed about 50.16% of the new GDP — the highest debt-to-GDP ratio in our history as a nation.” The LP chieftain said the country is accumulating debt at an exponential rate “with little or nothing to show for it” in key sectors like education, healthcare, electricity, and security. Providers are furious: Internet access without a subscription! Techno Mag by TaboolaSponsored Links He stated: “We still rank low in all major human development indicators. While education is underfunded and standard in continuous decline, healthcare remains inaccessible to millions of Nigerians, particularly the poor.
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  • Lady who borrowed N3.6m from her brother to organize her bridal shower stages own kidnap so as to raise money to pay up the loan.

    The Delta State Police command has arrested a young lady who borrowed N3.6 million from her brother to organize her bridal shower and decided to stage her kidnap so she could raise some money from ransom paid to pay up the loan from her brother.

    The spokesperson of the command, SP Bright Edafe, while confirming the arrest to newsmen, said on July 21, the command received a report of a kidnapping incident involving a female victim who was ‘’abducted'' by unknown armed men in the Bonsaac area of Asaba.

    Edafe said while acting promptly on the report, the Commissioner of Police, CP Olufemi Abaniwonda, directed the Commander Special Anti-Kidnapping and Cyber Crime Squad, CSP Godwin Osadolor, to ensure that the victim is rescued unhurt.

    ‘’Acting on this directive, the command led operatives and launched a coordinated intelligence-driven operation. Through diligent investigative efforts and strategic deployment, the operatives apprehended one Alfred Elisha 'm' at Koka Roundabout, Asaba, and another suspect, Ugochukwu Adim 'm', off DLA Road, Asaba, on 22 July 2025 at about 0900hrs.


    Upon arrest of the suspects, he confessed that it was not a case of an actual kidnapping but a plot between the victim and himself. His revelation led to the arrest of the other suspect, named Merit Eleh, aged 29 years old. She confessed that the money loaned to her by her brother of about three million six hundred thousand naira (#3,600,000), she used it to sponsor her bridal shower and hotel expenses during her wedding, which took place in March 2025.

    She further stated that she faked her kidnap and received a ransom of three million naira (#3,000,000) and gave her accomplices five hundred thousand naira (#500,000), and she took two million, five hundred thousand naira (#2,5000,000) for herself.''

    Edafe added that all suspects involved have been arrested, and an investigation is ongoing.
    Lady who borrowed N3.6m from her brother to organize her bridal shower stages own kidnap so as to raise money to pay up the loan. The Delta State Police command has arrested a young lady who borrowed N3.6 million from her brother to organize her bridal shower and decided to stage her kidnap so she could raise some money from ransom paid to pay up the loan from her brother. The spokesperson of the command, SP Bright Edafe, while confirming the arrest to newsmen, said on July 21, the command received a report of a kidnapping incident involving a female victim who was ‘’abducted'' by unknown armed men in the Bonsaac area of Asaba. Edafe said while acting promptly on the report, the Commissioner of Police, CP Olufemi Abaniwonda, directed the Commander Special Anti-Kidnapping and Cyber Crime Squad, CSP Godwin Osadolor, to ensure that the victim is rescued unhurt. ‘’Acting on this directive, the command led operatives and launched a coordinated intelligence-driven operation. Through diligent investigative efforts and strategic deployment, the operatives apprehended one Alfred Elisha 'm' at Koka Roundabout, Asaba, and another suspect, Ugochukwu Adim 'm', off DLA Road, Asaba, on 22 July 2025 at about 0900hrs. Upon arrest of the suspects, he confessed that it was not a case of an actual kidnapping but a plot between the victim and himself. His revelation led to the arrest of the other suspect, named Merit Eleh, aged 29 years old. She confessed that the money loaned to her by her brother of about three million six hundred thousand naira (#3,600,000), she used it to sponsor her bridal shower and hotel expenses during her wedding, which took place in March 2025. She further stated that she faked her kidnap and received a ransom of three million naira (#3,000,000) and gave her accomplices five hundred thousand naira (#500,000), and she took two million, five hundred thousand naira (#2,5000,000) for herself.'' Edafe added that all suspects involved have been arrested, and an investigation is ongoing.
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  • Govt Must Prioritise Education To Boost Production, Prosperity – Pat Utomi

    Political economist Prof. Pat Utomi says Nigeria must invest heavily in education to drive production, economic growth, and improve citizens’ quality of life. Speaking on the current economic outlook, he argued that celebrating GDP growth figures means little when millions remain in poverty.

    Comparing life in the 1960s to today, Utomi said Nigerians then enjoyed better living standards, driven by productive rural agriculture and better public investment. Now, over 75% of rural dwellers live in chronic poverty with no savings or support systems.

    He stressed that real economic progress depends on increased output and competitiveness — both linked to quality education. "Education, education, education — that’s how to drive productivity," he said, citing global examples like China’s manufacturing leap through skilled labour development.

    Utomi warned that political distractions and poor investment in human capital continue to hold the country back. He criticised Nigeria’s borrowing habits, noting that loans are often used to fund consumption rather than productive sectors.

    He also called for reform in capturing data from the informal sector and ensuring borrowed funds are directed towards infrastructure, agriculture, and skills training to secure lasting growth.
    Govt Must Prioritise Education To Boost Production, Prosperity – Pat Utomi Political economist Prof. Pat Utomi says Nigeria must invest heavily in education to drive production, economic growth, and improve citizens’ quality of life. Speaking on the current economic outlook, he argued that celebrating GDP growth figures means little when millions remain in poverty. Comparing life in the 1960s to today, Utomi said Nigerians then enjoyed better living standards, driven by productive rural agriculture and better public investment. Now, over 75% of rural dwellers live in chronic poverty with no savings or support systems. He stressed that real economic progress depends on increased output and competitiveness — both linked to quality education. "Education, education, education — that’s how to drive productivity," he said, citing global examples like China’s manufacturing leap through skilled labour development. Utomi warned that political distractions and poor investment in human capital continue to hold the country back. He criticised Nigeria’s borrowing habits, noting that loans are often used to fund consumption rather than productive sectors. He also called for reform in capturing data from the informal sector and ensuring borrowed funds are directed towards infrastructure, agriculture, and skills training to secure lasting growth.
    0 Yorumlar ·0 hisse senetleri ·314 Views
  • “She Slapped Me in Front of the Whole School Because I Couldn’t Pay My Fees.”
    15 Years Later, I Sponsored Her Retirement — And Paid Her Salary for Life.

    She humiliated me.
    Called me “a charity case.”
    Told me I’d never make it without my father’s name.

    But pain doesn’t always break you.
    Sometimes, it builds an empire with your name on the gate.

    From Broke Student to Multimillionaire — What He Did for the Teacher Who Once Publicly Shamed Him Left Everyone in Shock
    Written by Rosyworld CRN

    2008. Anambra, Nigeria.

    I owed ₦2,700 in school fees.
    My mother had sold all her jewelry.
    My uncle had stopped answering calls.

    One day during morning assembly, the principal announced:

    > “All students owing school fees — come forward!”

    We did.

    Then Mrs. Obasi, our economics teacher, pointed at me and shouted:

    > “Chijioke! You again? Third term, still owing?!

    What kind of poverty runs in your blood?”

    Before I could respond —
    She slapped me.

    In front of everyone.
    I stood there — broken.
    Laughed at. Shamed.

    That evening, I told my mother I wanted to drop out.

    She said:

    > “No. Even if I die, you must finish.”

    She started cleaning people’s compounds secretly to pay the fees.

    I passed.
    Graduated.
    Hustled.

    I sold recharge cards.
    Managed social media for businesses.
    Taught myself code from a borrowed phone.

    In 2020, I launched a fintech app.
    It grew fast.

    By 2023, I was worth more than ₦400 million.

    Then one day, I saw a GoFundMe post:

    “Please help. Retired teacher needs funds for eye surgery and basic needs.”

    It was Mrs. Obasi.

    People were commenting.
    Donating ₦1k, ₦2k…

    I said nothing.
    But I booked a flight.

    One week later… I knocked on her rusty gate.

    She opened it — frail, older, shocked.

    > “Do you remember me?” I asked.

    She squinted.

    > “You’re… Chijioke? Oh my God. My son, I’m so sorry for how I treated you.”

    I nodded.

    Then I handed her an envelope.

    Inside:

    Full payment for her surgery

    ₦5 million cheque

    A letter stating I would pay her ₦100k monthly for life.

    She collapsed.
    Neighbours gathered.

    I said:

    > “You beat me when I was poor.

    Now, let me bless you because I’m rich.”

    Today, I call it Healing with Honour.

    Because not every wound needs revenge.
    Some need a reminder that grace speaks louder than shame.

    From slapped… to celebrated.
    From “charity case”… to cheerful giver.
    From insulted boy… to investor in dignity.

    Learn from this story guys
    “She Slapped Me in Front of the Whole School Because I Couldn’t Pay My Fees.” 15 Years Later, I Sponsored Her Retirement — And Paid Her Salary for Life. She humiliated me. Called me “a charity case.” Told me I’d never make it without my father’s name. But pain doesn’t always break you. Sometimes, it builds an empire with your name on the gate. From Broke Student to Multimillionaire — What He Did for the Teacher Who Once Publicly Shamed Him Left Everyone in Shock Written by Rosyworld CRN 2008. Anambra, Nigeria. I owed ₦2,700 in school fees. My mother had sold all her jewelry. My uncle had stopped answering calls. One day during morning assembly, the principal announced: > “All students owing school fees — come forward!” We did. Then Mrs. Obasi, our economics teacher, pointed at me and shouted: > “Chijioke! You again? Third term, still owing?! What kind of poverty runs in your blood?” Before I could respond — She slapped me. In front of everyone. I stood there — broken. Laughed at. Shamed. That evening, I told my mother I wanted to drop out. She said: > “No. Even if I die, you must finish.” She started cleaning people’s compounds secretly to pay the fees. I passed. Graduated. Hustled. I sold recharge cards. Managed social media for businesses. Taught myself code from a borrowed phone. In 2020, I launched a fintech app. It grew fast. By 2023, I was worth more than ₦400 million. Then one day, I saw a GoFundMe post: “Please help. Retired teacher needs funds for eye surgery and basic needs.” It was Mrs. Obasi. People were commenting. Donating ₦1k, ₦2k… I said nothing. But I booked a flight. One week later… I knocked on her rusty gate. She opened it — frail, older, shocked. > “Do you remember me?” I asked. She squinted. > “You’re… Chijioke? Oh my God. My son, I’m so sorry for how I treated you.” I nodded. Then I handed her an envelope. Inside: Full payment for her surgery ₦5 million cheque A letter stating I would pay her ₦100k monthly for life. She collapsed. Neighbours gathered. I said: > “You beat me when I was poor. Now, let me bless you because I’m rich.” Today, I call it Healing with Honour. Because not every wound needs revenge. Some need a reminder that grace speaks louder than shame. From slapped… to celebrated. From “charity case”… to cheerful giver. From insulted boy… to investor in dignity. Learn from this story guys
    0 Yorumlar ·0 hisse senetleri ·187 Views
  • TIME TO MAKE OUR BRAINS SWEAT
    I borrowed 50k from Dad and
    50k from Mum to buy a laptop that costs 97k. After the purchase, I had 3k left.
    I returned 1k to Dad and 1k to Mum, and I reserved 1k for myself.
    I now owe Dad 49k and
    Mum 49k also.
    49k + 49k = 98k plus 1k I reserved for myself, which is 99k.
    So where did 1k go..?
    TIME TO MAKE OUR BRAINS SWEAT 😂😂 I borrowed 50k from Dad and 50k from Mum to buy a laptop that costs 97k. After the purchase, I had 3k left. I returned 1k to Dad and 1k to Mum, and I reserved 1k for myself. I now owe Dad 49k and Mum 49k also. 49k + 49k = 98k plus 1k I reserved for myself, which is 99k. So where did 1k go..?
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  • “No Sin in Borrowing”: Presidency Defends Nigeria’s Debt Strategy

    In a recent statement, the Nigerian Presidency has asserted that borrowing is a necessary instrument for driving economic development. Special Adviser to the President on Information and Strategy, Bayo Onanuga, emphasized that when loans are utilized responsibly, borrowing should not be viewed negatively. He stated, “It is not a sin to borrow. Even developed nations like the United States of America and the United Kingdom borrow beyond their GDP. The issue is not borrowing; it is what you do with the borrowed funds.” 

    This clarification comes amid discussions surrounding President Bola Tinubu’s recent request to the National Assembly for approval of fresh external and domestic loans amounting to ₦34.15 trillion. The administration maintains that such borrowing is essential for funding large-scale development projects, such as highways and infrastructure, which are pivotal for economic growth. 

    The Central Bank of Nigeria (CBN) has previously echoed similar sentiments, stating that borrowing is part of fiscal responsibility. CBN Governor Godwin Emefiele noted, “Debt is never a crime or a sin. The private entity also borrows to survive. What matters most is the debt’s quantum and the debt usage.” 

    However, concerns persist regarding Nigeria’s rising debt profile and the nation’s ability to service these debts. Critics argue that while borrowing can be a tool for development, it must be managed prudently to avoid long-term economic challenges. 


    #NigeriaEconomy
    #GovernmentBorrowing
    #DebtManagement
    #EconomicDevelopment
    #InfrastructureFunding
    💰 “No Sin in Borrowing”: Presidency Defends Nigeria’s Debt Strategy In a recent statement, the Nigerian Presidency has asserted that borrowing is a necessary instrument for driving economic development. Special Adviser to the President on Information and Strategy, Bayo Onanuga, emphasized that when loans are utilized responsibly, borrowing should not be viewed negatively. He stated, “It is not a sin to borrow. Even developed nations like the United States of America and the United Kingdom borrow beyond their GDP. The issue is not borrowing; it is what you do with the borrowed funds.”  This clarification comes amid discussions surrounding President Bola Tinubu’s recent request to the National Assembly for approval of fresh external and domestic loans amounting to ₦34.15 trillion. The administration maintains that such borrowing is essential for funding large-scale development projects, such as highways and infrastructure, which are pivotal for economic growth.  The Central Bank of Nigeria (CBN) has previously echoed similar sentiments, stating that borrowing is part of fiscal responsibility. CBN Governor Godwin Emefiele noted, “Debt is never a crime or a sin. The private entity also borrows to survive. What matters most is the debt’s quantum and the debt usage.”  However, concerns persist regarding Nigeria’s rising debt profile and the nation’s ability to service these debts. Critics argue that while borrowing can be a tool for development, it must be managed prudently to avoid long-term economic challenges.  #NigeriaEconomy #GovernmentBorrowing #DebtManagement #EconomicDevelopment #InfrastructureFunding
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