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

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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Fadile Pays Tribute to Late CJN Mohammed Uwais, Describes Him as “My Father in the Judiciary.”

Fadile Pays Tribute to Late CJN Mohammed Uwais, Describes Him as “My Father in the Judiciary.”
By: Michael Mike
The first military-trained lawyer with a PhD in International Law in Nigeria, Col. Bello Fadile (rtd), has mourned the passing of a stalwart, Justice Mohammed Lawal Uwais GCON, former Chief Justice of Nigeria (CJN), who passed on at the age of 89.
Fadile, a prominent figure and author, paid a heartfelt tribute yesterday to the late jurist, describing him as “My Father in the Judiciary.”
Fadile recounted the remarkable story of how Justice Uwais, then CJN, intervened on his behalf during his detention in 1995, braving the military regime to ensure his release.
The Nigerian Army’s first lawyer tribute highlighted Justice Uwais’s unwavering commitment to justice, humility, and integrity. He quoted Uwais’s powerful statement: “A corrupt judge is more harmful to society than a man who runs amok with a dagger in a crowded street.”
Part of the statement read: “At the ripe age of 89, he left us in this sinful world as Allah SWT willed. We accept the vadict as appeal lies nowhere. To we the immediate families, we pray to Allah SWT to give us the fortitude to carry on relying on the principles he lived on and left for us which are:- humility, impartiality, humane, love, detribalised, uprightness and fear of Almighty Allah SWT.
“And to the Nigerian judiciary which he dedicated his life to, i urge you all to follow his footsteps, which he captured brilliantly;
‘ A corrupt judge is more harmful to the society than a man who runs amok with a dagger in a crowded street. The latter can be restrained physically. But a corrupt judge deliberately destroys the moral foundation of society and causes incalculable distress to individuals through abusing his office while still being referred to as Honorable “
“ As captured in my book, Lives: The Bello Fadile Memoirs, I shall forever be grateful to MyLord, the Justice Mohammed Lawal Uwais GCON for the risk he took when I was arrested for the alleged fathom coup in 1995.”
Fadile who is the founder and chair of the Council for African Security Affairs, recounted how he was “detained near his house and I sent at note to him as the then CJN, without hesitation or fear of the military, his life or his job, he acted on my request and reached out Late Honorable Justice Karibi-Whyte and together they raised my detention with the Head of Military Government. And of course, they became my link to the Head of State, going and coming back with messages. What man with a lion heart.”
“On my release in March 1999. MyLord traveled from Abuja to Kaduna to see me. He came with clothes, bundles of sheda, and thousands of cash. That was my Father in the Judiciary for you. I was able to see him after 10 years in November 2024, and now he is no more.,” he added.
Fadile noted that late Justice Uwais’s legacy serves as a shining example for the Nigerian judiciary.
According to him, Justice Uwais’s remarkable life and contributions to Nigeria’s judiciary will be remembered for generations to come, adding that “his courage, integrity, and dedication to justice have left an indelible mark on the nation’s legal landscape”.
Fadile Pays Tribute to Late CJN Mohammed Uwais, Describes Him as “My Father in the Judiciary.”
News
Alau Dam: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work.

Alau Dam: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work.
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, has called on the Federal Government to accelerate the rehabilitation and expansion of the Alau Dam to avert a repeat of last year’s devastating flood disaster.
Maiduguri and surrounding local government areas experienced their worst flooding in decades following the collapse of the Alau Dam in 2024. In response, the Federal Government approved N80 billion for the dam’s reconstruction and expansion, with a groundbreaking ceremony held in March 2025 to mark the commencement of the project.

Governor Zulum while responding to a request by the Shehu of Borno, Dr. Abubakar Ibn Umar Garbai El-Kanemi, on the need to fast tract the project, during the traditional Sallah homage at the Government House in Maiduguri. The Governor expressed concern over the slow pace of work, warning that the rainy season has already begun.
“After the groundbreaking ceremony for the reconstruction and expansion of the dam, which we all attended, the truth is that the work is not progressing as expected,” Governor Zulum stated.
“The last time I visited the President, I informed him about the true state of the project, and I assure you that I will not relent. I will continue to follow up, and I have also notified the Vice President as well. In the meantime, the Secretary to the State Government (SSG) has constituted a committee to provide immediate intervention at the dam.”.

The governor pledged to connect all local government headquarters to the national grid before the end of his tenure. He also promised massive road rehabilitation once the Pulka quarry plant is completed.
“These are two critical issues dear to me, he said. I assure Your Royal Highness that all local government headquarters will be connected to electricity before my tenure expires, Insha Allah. Regarding road infrastructure, insecurity has been a major challenge, but we remain committed. We have procured 40 brand-new Howo tipper trucks, and once the Pulka quarry plant is completed, we will embark on extensive road rehabilitation across the state.”
Governor Zulum thanked the people of Borno for their continued support and cooperation to his administration.
Earlier, the Shehu of Borno, Dr. Abubakar ibn Umar Garbai El-Kanemi said the sallah homage has been part of the tradition during every festive season, acknowledging the unprecedented transformation the Zulum’s administration is executing across the state.
He emphasised the importance of expediting the Alau Dam project, noting that the first phase should have been completed by now. He referenced the recent flooding in Mokwa, Niger State, as a warning of what could recur in Borno if swift action is not taken.
“We witnessed the catastrophic flooding in Maiduguri on 10th September 2024, and we do not want a repeat, the Shehu said. The Federal Government must act immediately.”.
The royal father also urged the Governor to follow up with the Federal Government on oil exploration in Tuba, road rehabilitation, and electricity connectivity for local government areas.
During the event, Governor Zulum also received delegations from the University of Maiduguri, Kashim Ibrahim University, the University of Maiduguri Teaching Hospital, Kashim Ibrahim University Teaching Hospital, Federal Neuro-Psychiatric Hospital, and Federal Orthopaedic Hospital, Azare, who paid similar homage.
Alau Dam: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work.
News
Flooding: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work on Alau Dam

Flooding: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work on Alau Dam
By: Michael Mike
Borno State Governor, Professor Babagana Zulum has called on the Federal Government to accelerate the rehabilitation and expansion of the Alau Dam to avert a repeat of last year’s devastating flood which nearly submerged Maiduguri and environs.
Maiduguri and surrounding local government areas experienced their worst flooding in decades following the collapse of the Alau Dam in 2024. In response, the Federal Government approved N80 billion for the dam’s reconstruction and expansion, with a groundbreaking ceremony held in March 2025 to mark the commencement of the project.
Zulum, while responding to a request by the Shehu of Borno, Dr. Abubakar Ibn Umar Garbai El-Kanemi, on the need to fast tract the project, during the traditional Sallah homage at the Government House in Maiduguri, the governor expressed concern over the slow pace of work, warning that the rainy season has already begun.
He said: “After the groundbreaking ceremony for the reconstruction and expansion of the dam, which we all attended, the truth is that the work is not progressing as expected.
“The last time I visited the President, I informed him about the true state of the project, and I assure you that I will not relent. I will continue to follow up, and I have also notified the Vice President as well. In the meantime, the Secretary to the State Government (SSG) has constituted a committee to provide immediate intervention at the dam.”.
Meanwhile, the governor has pledged to connect all local government headquarters in the state to the national grid before the end of his tenure. He also promised massive road rehabilitation once the Pulka quarry plant is completed.
He said: “These are two critical issues dear to me, I assure Your Royal Highness that all local government headquarters will be connected to electricity before my tenure expires, Insha Allah. Regarding road infrastructure, insecurity has been a major challenge, but we remain committed. We have procured 40 brand-new Howo tipper trucks, and once the Pulka quarry plant is completed, we will embark on extensive road rehabilitation across the state.”
Zulum thanked the people of Borno for their continued support and cooperation to his administration.
Earlier, the Shehu of Borno said the sallah homage has been part of the tradition during every festive season, acknowledging the unprecedented transformation the Zulum’s administration has extended to all parts of the state.
He reiterated the importance of expediting the Alau Dam project, noting that the first phase should have been completed by now.
He referenced the recent flooding in Mokwa, Niger State, as a warning of what could recur in Borno if swift action is not taken.
The paramount ruler said: “We witnessed the catastrophic flooding in Maiduguri on 10th September 2024, and we do not want a repeat.. The Federal Government must act immediately.”.
The royal father also urged the Governor to follow up with the Federal Government on oil exploration in Tuba, road rehabilitation, and electricity connectivity for local government areas.
During the event, Governor Zulum also received delegations from the University of Maiduguri, Kashim Ibrahim University, the University of Maiduguri Teaching Hospital, Kashim Ibrahim University Teaching Hospital, Federal Neuro-Psychiatric Hospital, and Federal Orthopaedic Hospital, Azare, who paid similar homage.
Flooding: Zulum, Shehu of Borno Plead with FG to Expedite Rehabilitation Work on Alau Dam
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