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MR. PRESIDENT; WITHHOLD ASSENT TO THE AMENDMENT OF THE CENTRAL BANK OF NIGERIA ACT

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MR. PRESIDENT; WITHHOLD ASSENT TO THE AMENDMENT OF THE CENTRAL BANK OF NIGERIA ACT

By: Michael Mike

Centre for Social Justices (CSJ) notes with regret the recent amendment to the Central Bank of Nigeria Act, increasing advances the CBN can grant to the Federal Government of Nigeria from 5 percent to 15 percent. The amendment contradicts best practices in fiscal responsibility and is an authorization of the Executive to create macroeconomic distortions through arbitrary and increased ways and means funding.

We recall that the extant S.38 of the CBN Act grants FGN access to ways and means financing in respect of temporary deficiency of budget revenue at such rate of interest as may be determined by CBN. The total amount of such advances outstanding shall not at any time exceed five per cent of the previous year’s actual revenue of FGN. All Advances made pursuant to this authority shall be repaid – (a) as soon as possible and shall in any event be repayable by the end of the Federal Government financial year in which they are granted and if such advances remain unpaid at the end of the year, the power of CBN to grant such further advances in any subsequent years shall not be exercisable, unless the outstanding advances have been repaid.

According to Senator Gobir said: “The very essence of this bill is to enable the federal government to meet its immediate and future obligation in the approval of the ways and means by the National Assembly and advances to the federal government by the Central Bank of Nigeria. This amendment is very consequential and it needs the support of us all. This is to enable the federal government to embark on very important projects that will inflate and rejig the economy.” However, the amendment is a misconceived route to meeting the needs and obligations of FGN and definitely cannot be the road to rejigging the economy. It will rather create new macroeconomic challenges.

Specifically, the following issues are noteworthy:

v If FGN has not been able to refund previous advances from the CBN at 5 percent of previous year’s revenue, what machinery did the amendment put in place to ensure that FGN will be in a position to repay 15 percent of previous years revenue by the end of its financial year?

v There is evidence that previous advances from the CBN were in excess of the 5 percent rule and instead of reforms to ensure conformity with fit and good practices, a leeway is provided for deepening fiscal mischief.

v Previous high levels of advances led the Executive to incur over N23trillion in ways and means which could not be repaid and had to be converted by the National Assembly to long term indebtedness contrary to the provisions of the CBN Act.

v S. 38 (1) of the CBN Act categorically states that such advance should be in respect to temporary deficiency of budget revenue and not as a means of funding the deficit budget as the Federal Government has resorted to in recent years. Over the years and in accordance with fit and good practices, ways and means has never been listed in the Appropriation Act as a source of funding the deficit.

v The option of resorting to ways and means to fund budgetary deficits further increases the already high inflation rate especially when done by printing money not backed by value. Thus, it erodes the value of the Naira, and real income; it reduces purchasing power of citizens.

v The amendment of the CBN Act did not follow due process; it was arbitrary and lacking in popular particpation. There was no opportunity of a public hearing and publicity, to give room for Nigerians to make inputs on this very crucial matter with potentials to negatively affect overall economic growth and general welfare of the people.

In the light of the foregoing, CSJ strongly appeals to President Bola Ahmed Tinubu to withhold assent to the bill. CSJ acknowledges the revenue challenges facing the nation but the implementation of this particular bill (if it becomes law) will create monumental macroeconomic challenges now and in the future.

Eze Onyekpere Sundayson Chidi
Lead Director Program Manager, Public Finance Management.

MR. PRESIDENT; WITHHOLD ASSENT TO THE AMENDMENT OF THE CENTRAL BANK OF NIGERIA ACT

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Tonlagha: Forged in the Creeks, Bridging Nigeria to the World

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Tonlagha: Forged in the Creeks, Bridging Nigeria to the World

•Quiet Power, Citizen Diplomacy and the Promise of Nigeria

By Jude Obioha

In a country where activism often clashes with national cohesion and where loud voices frequently overshadow steady hands, Matthew Tonlagha represents a rare Nigerian archetype. This bridge builder fights fiercely for his people while working tirelessly for the peace, stability and economic future of Nigeria. His journey from the creeks of the Niger Delta to global engagement is not merely a personal success story. It is a powerful narrative of resilience, citizen diplomacy and quiet nation-building.

Tonlagha’s story begins not with privilege but with adversity. Born into a disciplined military family in Delta State, his early life was marked by profound physical challenges after complications from an ill-administered polio vaccine impaired his mobility. For nearly a decade, he depended on his mother’s strength to attend school and navigate daily life. Social stigma, financial hardship and the early loss of his father could have silenced his ambitions. Instead, these experiences forged in him a deep empathy for the vulnerable and an unyielding commitment to service. His eventual recovery and rise stand today as a testament to resilience; a personal struggle transformed into a lifelong mission for collective empowerment.

From his earliest activism in the Benikrukru community in the Gbaramatu Kingdom of Delta State, Tonlagha distinguished himself not only as a protester but also as an intellectual force behind the Niger Delta emancipation struggle. He confronted exploitation and neglect with courage, yet consistently advocated peaceful engagement, negotiation and constructive dialogue. Like many iconic leaders who understood that lasting change requires both firmness and foresight, he pursued justice for the Niger Delta without undermining Nigeria’s unity. This duality—fighting for regional equity while championing national stability—has defined his leadership philosophy.

His grassroots activism evolved into entrepreneurship and indigenous industrial growth through MATON Engineering Nigeria Limited, a company that has become a major employer and a driver of local capacity development. But Tonlagha’s influence extends far beyond boardrooms. As Vice Chairman of Tantita Security Services Nigeria Limited, he emerged as a critical private-sector partner in Nigeria’s oil security architecture. The success of efforts to curb oil theft, protect pipelines and restore production levels has had direct implications for national revenue, economic recovery and investor confidence. In a sector long plagued by instability, his role has been central to fostering sustained economic growth.

Yet perhaps the most compelling aspect of Tonlagha’s legacy is his understated philanthropy. He is a quiet humanitarian who has been funding scholarships, supporting widows and orphans, empowering youth through vocational training, and sustaining free feeding programmes without fanfare. His giving is not performative; it is rooted in lived experience and a belief that dignity must accompany assistance. This approach reflects a leader who remembers the pain of exclusion and seeks to build systems that offer opportunity rather than dependence.

Beyond Nigeria’s borders, Tonlagha has emerged as an informal yet effective citizen diplomat. Through international engagements and policy advocacy, he contributes to shaping Nigeria’s global image, strengthening bilateral conversations and promoting economic diplomacy. In an era when official channels alone cannot capture the full spectrum of global influence, individuals like Tonlagha help bridge gaps by advancing national interests while fostering international goodwill. His work underscores a new model of diplomacy in which private citizens complement formal statecraft, thereby reinforcing Nigeria’s strategic standing on the global stage.

What sets Tonlagha apart is not only the breadth of his engagements but the philosophy underpinning them. He embodies a generation of Nigerian leaders who believe that peace in the Niger Delta is complementary to Nigeria’s prosperity and that local development should align with national progress. His early activism against exploitation, including dramatic acts of defiance that drew attention to neglected communities, gradually evolved into a more nuanced strategy; one that combines dialogue, economic empowerment and security collaboration.

As he marked his golden jubilee in 2026, the outpouring of recognition from community leaders, national figures and global stakeholders revealed a man whose impact has long been felt but rarely publicised. Friends and admirers describe him as a peacemaker, a unifier and a patriot whose influence transcends ethnic and political boundaries. Indeed, his ability to convene diverse actors—from grassroots leaders to international partners—demonstrates a rare gift for consensus-building in a nation often divided by competing interests.

Nigeria’s future will depend not only on official institutions but also on citizens willing to shoulder responsibility beyond personal ambition. Tonlagha’s life offers a compelling blueprint: resilience forged through hardship, advocacy grounded in intellect and peace, economic empowerment anchored in indigenous enterprise, and diplomacy driven by patriotism rather than self-promotion. From the creeks of the Niger Delta to the corridors of international engagement, he has quietly shaped conversations on development, security and national cohesion.

In an age hungry for loud heroes, Tonlagha reminds us that the most enduring influence often operates in silence; building bridges where others see barriers, lifting communities where others see divisions, and proving that one individual, driven by empathy and vision, can help align regional emancipation with national unity. His story is not only a tribute to personal triumph but a reflection of the Nigeria that is possible when courage meets compassion and service meets strategy.

Obioha is the Director of Strategy at the Hope Alive Initiative (HAI), a group dedicated to good governance in Nigeria.

Tonlagha: Forged in the Creeks, Bridging Nigeria to the World

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Troops arrest suspected gun-runner in Taraba, recover weapons and ammunition

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Troops arrest suspected gun-runner in Taraba, recover weapons and ammunition

By: Zagazola Makama

Troops deployed at Ibi and the Forward Operating Base (FOB) Wukari have arrested a suspected gun-runner and recovered weapons, ammunition, and other items during an intelligence-led operation in Taraba State.

Security sources disclosed that the troops acted on credible intelligence about a suspicious Peugeot vehicle heading toward the Ibi waterside area. The troops swiftly mobilised to intercept the vehicle and apprehended the suspect.

The suspect, identified as Abubakar Ibrahim, 48, from Barkin-Ladi Local Government Area of Plateau State, was arrested during the operation.

Items recovered from him include six locally fabricated weapons bearing various registration numbers, two rounds of 7.62mm special ammunition, one Peugeot 504 vehicle, a Q Seven mobile phone, seven bottles of perfume with rubbers, seven charms, one mentholatum rub, two small containers of Vaseline, and the sum of N1,400 in cash.

Military sources said the suspect and the recovered items are currently in custody and will be transferred to the Brigade Headquarters for further investigation.

The sources added that the general security situation within the Area of Responsibility remains calm but highly unpredictable, noting that troops’ morale and fighting efficiency remain satisfactory.

The arrest is part of ongoing efforts by security forces to curb the proliferation of illegal arms and criminal activities in Taraba and adjoining areas.

Troops arrest suspected gun-runner in Taraba, recover weapons and ammunition

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ISWAP kills professor in targeted abduction on Maiduguri-Damboa highway

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ISWAP kills professor in targeted abduction on Maiduguri-Damboa highway

By: Zagazola Makama

ISWAP terrorists have reportedly killed Professor Abubakar Mohammed el-Jumma of the Nigerian Army University Biu following a targeted abduction along the Maiduguri-Damboa highway on March 25, 2025.

Sources told Zagazola Makama that the attackers, described as light-skinned foreigners, specifically targeted Professor el-Jumma, suggesting the abduction was premeditated. The perpetrators were reportedly in possession of his photograph before carrying out the attack, confirming that the operation was deliberate and planned.

Authorities have confirmed that no ransom demands were made and attempts to negotiate his release were unsuccessful. ISWAP later informed the family of Professor el-Jumma’s death and that his burial had been carried out within their enclave.

The incident demonstrates ISWAP’s growing capability to exploit local vulnerabilities with the support of spies and sympathizers.

The group’s targeting of high-profile individuals, including academics and community leaders, reflects a shift towards calculated kidnappings designed to spread fear and disrupt governance and education in the North East.

No official statement has yet been issued by Nigerian Army University Biu authorities regarding the incident.

ISWAP kills professor in targeted abduction on Maiduguri-Damboa highway

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