News
Senators Move to Sack GEJ over Corruption, Budget Implementation
At last count, 63 senators have signed up to the plan to impeach President Goodluck Jonathan in the Senate, upper legislative chamber over alleged high level of corruption and poor implementation of the national budget since 2011.
The senators are also peeved by “gross disregard” of the legislature at both the federal and state levels.
Punch Newspapers reported that one of the arrowheads of the move to remove Jonathan in the Senate showed her correspondent the list containing the signatures of the senators.
The source said eight Peoples Democratic Party senators were among the signatories to the planned impeachment notice.
There are 109 members in the Senate.
An All Progressives Congress senator from the North-West zone, who asked not to be named,told our correspondent that the lawmakers’ major grouse was the President’s handling of the economy and political affairs of the country.
The senator cited poor implementation of the national budget since 2011, alleged high level of corruption and “gross disregard” of the legislature at both the federal and state levels as topping the list of lawmakers’ anger against Jonathan.
Asked whether he realised that the process of impeachment could be tedious and cumbersome, the senator said, “ We know and we are prepared to show the President that we have responsibility to the people and the nation in general.
“We are prepared to lay the impeachment notice anytime from next week. Meetings are already being held.”
Senator Ibrahim Musa (APC Niger North) confirmed that there were moves by some members of the Senate to initiate impeachment proceedings against the President but failed to give details.
“I think there is something like that but I don’t have the details, it is still coming as a rumour,” Musa said.
But The PUNCH learnt that the impeachment move against the President had really gained momentum with the APC senators mobilising themselves to carry out the exercise anytime from next week.
Investigations by our correspondent revealed that some PDP senators, who were initially at the forefront of the struggle, had retreated following the intervention of the senate leadership and the promise of automatic tickets by the party.
It was learnt that the PDP senators had been pleading with their APC colleagues to hold on till next week pending the outcome of the moves by the senate leadership to ensure the realisation of the automatic tickets agreement they had with the PDP and Jonathan.
An APC senator told our correspondent on condition of anonymity that the impeachment letter contains the signature of both the APC and PDP senators.
He explained that the letter could not be laid on the floor of the senate because some PDP senators appealed to them to delay the action.
He said, “The truth of the matter is that the impeachment notice would have been laid if not for our colleagues in the PDP who pleaded with us to delay the process pending when the senate leadership would come up with the result of its efforts at securing automatic tickets for them.
“In any case the process had started but if we submit the letter now, the signatures of the PDP senators will be there and the party might want to use that as an excuse to deny them their automatic tickets.”
The PDP senators contacted by our correspondent on the issue declined to make comment.
However, one of them who spoke on condition of anonymity, said the process of impeachment had not been suspended.
Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023.
According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs.
He spokeat a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada.
Segun was responding to an alarm raised by the committee over missing N210 trillion in NNPCL’s audited financial statement.
Recall that Wadada issued a one-week ultimatum to NNPCL to account for the missing N210 trillion.
Reacting, Segun said, “The N103 trillion and N107 trillion are made up of joint venture cash calls that have been requested by the JV operators and JV cash call payments made by NNPCL, which are yet to be reconciled because governance procedures were not done at that time.
“That is why you see the description reflecting those two items would be washed out because they are two sides of the same transaction, which is the cash calls by JV partners and the settlement by NNPCL.”
However, Habu Sadeik, a financial analyst, in a post on X on Thursday, said Segun’s response was unsatisfactory.
Saidik faulted NNPCL’s response about the fund discrepancies, noting that something is not right with the audited financial statement.
“Forget about the senators’ lack of knowledge.
“The CFO’s response is not satisfactory. Are you saying that cash calls worth hundreds of trillions are just appearing on your FS only in 2024 without 31 disclosure?
“If it’s a cash call, why hasn’t the disclosure said so?
“Which cash call is over 100 trillion?
“Something is definitely not right, and I hope they retrospectively correct that FS.
“Someone somewhere did a chef’s work,” he wrote on X.
PalmPay, Nigeria’s leading fintech company, has partnered with Globacom to launch the second edition of the “Recharge and Win Bonanza” campaign. The promotion, which runs from June 19th to August 8th, 2025, offers Nigerians the chance to win amazing prizes when they purchase Glo airtime and data via the PalmPay app.
According to a joint statement by PalmPay and Globacom, “A weekly live raffle draw will be held and streamed on PalmPay’s official social media channels throughout the campaign. Customers who make Glo transactions through the PalmPay app will be eligible to win prizes, including the iPhone 15 Pro, Infinix Hot 40, and other exciting items”.
To participate, interested customers can log onto http://bit.ly/PalmPaySms .
The statement added that all transaction above N500 gives participants an extra shot at winning, adding that daily social media challenges will also offer participants a chance to win cash prizes.
Additionally, PalmPay users can enjoy up to 6% cashback when they buy Glo airtime and data through the PalmPay app. As an added bonus, customers who have not subscribed to a Glo data plan in the last 90 days will receive a 100% bonus on their recharge during the campaign period.
Wayne Ruppel, Head of Billers at PalmPay Limited expressed excitement about the partnership, stating that, “This collaboration is a major step in our mission to deliver MORE – more support, more rewards, and more innovation to our customers.
Partnering with Glo, a leader in the telecommunications sector, is a testament to our shared commitment to improving everyday experiences for all Nigerians. We are excited to reward our users and encourage everyone to take full advantage of this exciting opportunity.
Globacom also expressed delight at creating additional value for its subscribers through unique customer-appreciation schemes.
“Our partnership with PalmPay on the “Recharge and Win Bonanza perfectly underscores our commitment to delivering exceptional value and experiences. Over the years, we have always sought innovative ways to enrich the lives of our customers. We, therefore, enjoin our subscribers to utilize the opportunity provided by the bonanza and enjoy the many benefits it offers”, the company stated.
PalmPay and Glo will collaborate throughout the campaign period to deliver exceptional customer experience, reward loyalty, and reinforce their shared mission to make digital transactions more accessible, rewarding, and secure for millions of Nigerians.
Lasaco Assurance Plc, has said it would continue to invest in technologies and systems that delivers tangible value to clients and drive industry innovation.
Mr Abiodun Razzaq, Managing Director of Lasaco Assurance, who stated this at the 2025 customer forum organised by the company for its northern region customers in Abuja, said the forum’s interactive session offered an invaluable platform for open and constructive dialogue.
He said the forum brought together a distinguished assembly of customers, including policyholders, brokers, corporate clients, and industry partners, to engage in a robust dialogue aimed at enhancing service delivery and aligning offerings with the evolving expectations of the Northern market.
In his opening remarks, Regional Manager (Northern Region), Lasaco Assurance, Mr. Kunle Hamza underscored the company’s unwavering dedication to stakeholder engagement as a foundational pillar of its growth strategy. He emphazised that customer insights remain integral to shaping policies, refining service processes, and reinforcing the company’s brand promise.
He provided a compelling overview of Lasaco assurance’s recent performance and strategic priorities. He highlighted the company’s consistent premium income growth, bold digital transformation agenda, and ongoing operational restructuring designed to ensure responsiveness and resilience in a dynamic insurance landscape.
Addressing the customers, Mr. Adedayo Adetokun, Head of Strategy, affirmed that Lasaco assurance was actively developing multiple digital platforms to cater forvarious customer segments—part of a broader digital innovation roadmap that positions the company for future growth. He noted that human capital development was also being prioritised with targeted investments in talent acquisition and training to enhance operational capacity.
In his closing remarks, Mr. Muyiwa Anwoju, General Manager, Sales, expressed the management’s deep appreciation for the feedback received.
He assured participants that all contributions would be meticulously reviewed, categorised, and integrated into the company’s improvement plans. According to Anwoju, this forum marks the beginning of a renewed customer engagement framework, one that would be expanded across other regions in due course.
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