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APC, PDP at War over Fresh N440Bn Fraud Cases against Jonathan Govt

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Arguments swung left and right yesterday as the All Progressives Congress (APC) and the opposition Peoples Democratic Party (PDP) exchanged words over the state of the economy and alleged fresh cases of embezzlement by Goodluck Jonathan-led administration.

APC and the PDP in claims and counter charges, accused one another of economic mismanagement and of filtering away public finds.

Alhaji Lai Mohammed, national publicity secretary,  the APC, said the party has uncovered a list of new cases of the insane looting of the treasury by some officials of the Jonathan’s administration, saying the corruption mess that characterised the administration was so pervasive that until it is cleaned, Nigeria will not be able to actualise its potential.

However, Chief Olisa Metuh, PDP national publicity secretary, said discerning minds were appalled that instead of providing answers to issues of economic retrogression, the Presidency and the APC have resorted to wild allegations and insults in an attempt to cover their ineptitude and divert attention from their list of bogus promises which they have no intention to fulfil.

He said, “The PDP has severally expressed its support for a holistic fight against corruption and we have challenged the Federal Government to investigate and prosecute all corrupt persons irrespective of ethnic and political affiliations.

“We are therefore appalled that instead of getting serious with the challenges of governance, the APC is bent on inventing excuse for its crass incompetence to create and manage wealth, to the detriment of the nation.

“We challenge the APC and the Presidency to be honest enough to respond to issues instead of resorting to propaganda.

“Is the so-called mess clearing an answer for the adamant stance of the APC and President Buhari in running a government without a cabinet and a precise fiscal policy direction, a strange totalitarian approach that has taken serious toll on the economy and the polity in general?”

But the the APC, said those who would rather give comfort to the looters by dismissing the media exposure of looting cases as mere hell-raising should realise that no sane person can be silent in the face of what was unfolding as the worst cases of brazen stealing of public funds in Nigeria’s history.

It recalled that on August 16, 2015, the party listed some instances of the breath-taking looting of the treasury by some officials of the immediate past administration.

The party said it was today bringing to light three more heart-rending cases to the attention of Nigerians.

It listed the new cases as a mind-shattering $2.2bn (about N440bn) arms scandal; a $6.9m fraud by the Chief Security Officer to President Jonathan, committed under the guise of buying three mobile stages for the President; and a N2.5bn scam involving the rent of house boats.

The statement partly read, ‘’While those charged with handling these cases are finalising the details of bringing the suspects to justice, our immediate concern is the attempt by the PDP, under whose umbrella the looting took place, to blame the Buhari administration for the mess and then infer that things have been worse in Nigeria in the past three months under the APC-led Federal Government than in the 16 years under the PDP. This is totally provocative, shameless and uncharitable.

“They say we are yet to fulfil our campaign promises to Nigeria, but they have forgotten that if only the PDP/Jonathan administration had not stolen Nigeria blind, there would have been more than enough money to give school children in Nigeria, not just one but three meals a day and even pay N5, 000 to N50m to most vulnerable Nigerians, not just the N25m we promised in our manifesto.

“It is clear to all Nigerians that the debilitating impact of 16 years of the PDP’s misrule cannot be reversed in just three months.”

In response, the PDP insisted that the stealing of public funds has been going on under President Muhammadu Buhari’s watch.

It said that rather than hide their heads in shame for its abysmal performance in the last 90 days,   leaders of the APC and the Presidency have continued to grope and look for excuses.


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UK–Nigeria Skills and Schools Trade Mission Concludes with Strong Foundations for Education Partnership

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A high-level UK delegation has concluded a week-long skills and schools trade mission to Nigeria, marking a significant step forward in education and skills cooperation between the two countries.

Running from 19-23 April 2026 across Abuja and Lagos State, the mission brought together leading UK private schools, skills providers, and education institutions with Nigerian partners, schools, and the Honourable Minister of Education Dr Tunji Alausa.

The mission follows the high profile and well received state visit to the UK in March, which also included education engagements.  Supported by the UK’s Department for Business and Trade (DBT), the mission forms part of its new International Education Strategy, under which Nigeria has been identified as one of five priority education markets, spearheaded by Professor Sir Steve Smith, who is looking forward to visiting the country again this year.

The mission focused on in-country delivery of education, the establishment of world-renowned UK schools in Nigeria, and the development of skills and Technical and Vocational Education and Training (TVET) systems aligned with industry demand.

In Abuja, the delegation met with Nigeria’s Honourable Minister of Education, Dr Tunji Alausa, securing strong political backing for UK–Nigeria education partnerships and set the groundwork for ongoing institutional collaboration across both schools and skills.

In Lagos, delegates engaged further with potential partners and investors. In both cities the delegation was thrilled to visit local British curriculum schools and colleges to further enable them to experience first-hand the teaching and learning environment.

British Deputy High Commissioner, Jonny Baxter, said: “The UK and Nigeria share a deep and longstanding relationship, and opportunities in education are one of its most exciting frontiers.

“This mission has demonstrated the strong appetite on both sides to deepen collaboration in education and skills.”

“By bringing together UK schools and skills providers with Nigerian partners and policymakers, we are laying the foundations for even more long-term partnerships that support Nigeria’s education priorities, strengthen skills aligned to industry needs, and create opportunities for sustainable, in-country delivery as well as positioning Nigeria as the regional hub for high quality education.”

DBT Head of International Education, Sarah Chidgey, said: “This mission is a perfect example of the International Education Strategy being put into action, building on multiple two-way visits and the UK and Nigeria’s warm relationship. It has been heartening to see all the progress in UK Nigeria education collaboration since my first visit to Nigeria, as part of a wider delegation, in 2022.”

DBT’s mission concluded with a strong pipeline of follow-up activity, including targeted one-to-one meetings, MoU discussions, and agreed next steps between UK and Nigerian counterparts.

 


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Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

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President Bola Tinubu has requested Senate approval for a $516.3 million foreign syndicated loan to fund key sections of the Sokoto-Badagry superhighway, a cornerstone of his Renewed Hope Agenda.

Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

Tinubu

 

In a letter read by Senate President Godswill Akpabio during Thursday’s plenary, Tinubu invoked Sections 16 and 21 of the Debt Management Office Act, 2011, to secure financing via Deutsche Bank AG for Sections 1, Phase 1A, and 1B. The 1,000-kilometre project will span Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, linking Illela to Badagry and boosting trade, connectivity, and goods movement.

The nine-year loan, with a three-year grace period and interest at SOFR plus 5.3 per cent, includes a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The Federal Government will provide over ₦265 billion in counterpart funding for land acquisition and infrastructure.

Akpabio referred the request to the Senate Committee on Local and Foreign Debts for a one-week turnaround report. He endorsed the borrowing, stating it advances road safety and national integration.

The highway aims to cut travel times and stimulate economic corridors, with the Federal Executive Council already approving the plan.


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Karex, World’s Top Condom Maker to Hike Prices due to Iran war

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Karex, world’s largest condom maker, plans to raise prices by up to 30 percent due to supply disruptions linked to the Iran war.

Karex, World's Top Condom Maker to Hike Prices due to Iran war

This means that safe sex could get more expensive if the war continues to disrupt global supply chains, according to Goh Miah Kiat, CEO, Karex.

Kiat told old Reuters that rising freight costs and shipping delays have increased demand and forced the company to pass costs to customers.

Broader supply chain issues and higher oil prices could impact many everyday products that rely on petrochemicals.

“The situation is definitely very fragile, prices are expensive… We ​have no choice but to transfer the costs right now to ⁠the customers,” Goh told Reuters.

Karex joins a growing list of companies that are bracing for supply chain disruptions amid the ongoing war in Iran.

Based in Malaysia, Karex produces condoms, personal lubricants, gloves, medical catheters and probe covers.

The company manufactures male latex condoms including ONE, Trustex, Carex and Pasante, and it can produce over 5 billion condoms annually. Karex also exports to more than 130 countries, according to its website.

“We’re seeing a lot more condoms actually sitting on vessels that have not arrived at their destination but are highly required,” Goh said.

 


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