News
Leaked documents unofficial, Presidency insists
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/02/Bola-Tinubu2.jpg&description=Leaked documents unofficial, Presidency insists', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/02/Bola-Tinubu2.jpg&description=Leaked documents unofficial, Presidency insists', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
*Says, subsidy gone forever
By Francesca Hangeior.
The Presidency has said two trending fiscal policy documents in circulation are still proposals and have not been approved by President Bola Tinubu.
It also reiterated that the fuel subsidy regime has ended, and the government’s position on fuel subsidy has not changed since President Tinubu’s declaration on 29 May 2023.
The presidency also added that there is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed.
Reports have it that the documents, titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 and Accelerated Stabilisation and Advancement Plan (ASAP) surfaced on the internet on Tuesday following the meeting between the Minister of Finance, Wale Edun and President Tinubu at the State House in Abuja.
The first policy proposal aims to reduce inflation and stabilise prices, while the second policy aims to fast-track economic recovery and provide succour to Nigerians as possible.
In a statement on Thursday, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the two documents are not official and still subject to reviews at the highest level of government.
The statement reads: “The attention of the Presidency has been drawn to two fiscal policy documents in circulation that are being given wide coverage by the mainstream media and social media platforms.
“One of the documents titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 is being shared as if it were an executive order signed by President Bola Ahmed Tinubu.
“The other is a 65-page draft document with the title “Accelerated Stabilisation and Advancement Plan (ASAP), which contains suggestions on how to improve the Nigerian economy. President Tinubu received a copy of the draft on Tuesday.
“We urge the public and the media to disregard the two documents and cease further discussions on them. None is an approved official document of the Federal Government of Nigeria. They are all policy proposals that are still subject to review at the highest level of government. Indeed, one has a ‘draft’ clearly written on it.
“According to the Coordinating Minister of the Economy, Mr. Wale Edun, “It is important to understand that policymaking is an iterative process involving multiple drafts and discussions before any document is finalised.
“We assure the public that the official position on the documents will be made available after comprehensive reviews and approvals are completed.”
The presidential aide also asked the public and media to stop second-guessing the government’s policy on customs tariffs, fuel subsidies and other economic matters.
Onanuga, therefore, called on the media to always confirm documents that do not emanate from official channels so that the members of the public are properly informed on government policies and programmes.
The statement added: “Emanating from the two documents have been reports second-guessing government’s policy on customs tariffs, fuel subsidy and other economic matters.
“The government wants to restate that its position on fuel subsidy has not changed from what President Bola Ahmed Tinubu declared on 29 May 2023. The fuel subsidy regime has ended. There is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed,” Edun stated.
“The Coordinating Minister of the Economy further clarified: “As previously stated by government officials, including myself, President Tinubu announced the end of the fuel subsidy program last year, and this policy remains firmly in place.
“The Federal Government is committed to mitigating the effects of this removal and easing the cost of living pressures on Nigerians.
“Our strategy focuses on addressing key factors such as food inflation, which is significantly impacted by transport costs. With the implementation of our CNG initiative, which aims to displace high PMS and AGO costs, we expect to further reduce these costs.
“Our commitment to ending unproductive subsidies is steadfast, as is our dedication to supporting our most vulnerable populations”.
“We call on the media to always exercise necessary checks and restraints in the use of documents that do not emanate from official channels so that the members of the public are properly informed, guided and educated on government policies and programmes.”
News
PenCom scraps pre-approval for pension adverts by PFAs
The National Pension Commission (PenCom) has abolished the requirement for Pension Fund Administrators (PFAs) to obtain prior written approval before releasing advertisements and marketing campaign materials.
The new directive was contained in a circular dated May 8, 2026, and signed by the Director of the Surveillance Department, Abdulrahman Saleem.
According to the Commission, the policy takes immediate effect and replaces Section 6.3.1 of the Guidelines for the Operations of Pension Fund Administrators, which previously required PFAs to secure written approval before advertising or promoting their products and services.
PenCom said the decision was aimed at promoting operational efficiency, reducing bureaucratic delays and enabling quicker dissemination of information to potential clients.
The Commission stated that although prior approval is no longer mandatory, PFAs are still required to notify PenCom before deploying advertisements across broadcast, print, digital and outdoor media platforms.
“In furtherance of the Commission’s commitment to promoting operational efficiency, reduce bureaucratic delays, and quicker dissemination of information by PFAs to their potential clients, the Commission deems it necessary to allow PFAs to henceforth release their advertisement and media campaign materials without the prior approval of the Commission,” the circular stated.
PenCom, however, outlined strict compliance conditions that operators must meet before releasing promotional materials.
Under the new framework, PFAs are required to disclose the duration and timelines of advertisements and submit copies of creative materials before publication.
The Commission also directed operators to clearly define the target audience for each campaign and provide evidence of internal clearance from their Legal and Compliance departments.
It further stated that pension products or services being advertised must already have PenCom’s approval before they can be promoted to the public.
Despite relaxing the approval process, PenCom stressed that regulatory oversight remains fully in force.
The Commission warned that all advertising materials must be factual, verifiable and compliant with the Nigeria Data Protection Act (NDPA) 2023 as well as the Pension Reform Act 2014.
PenCom also prohibited the use of lotteries, prize draws and other inducements in pension advertisements.
In addition, the Commission banned misleading claims, unaudited financial references and deceptive fee disclosures in promotional campaigns.
PFAs were equally warned against using government symbols, public figures or institutional assets without proper authorisation.
The circular further directed pension operators to register slogans, taglines and promotional phrases with the national Trademarks Registry before deployment.
PenCom maintained that PFAs would remain fully responsible for all advertising content, including campaigns handled by third-party consultants, media agencies and digital influencers.
Industry stakeholders believe the latest move is part of broader reforms by the Commission aimed at streamlining pension administration and reducing delays within Nigeria’s Contributory Pension Scheme (CPS).
Last year, PenCom also eliminated the pre-approval requirement for several categories of retirement benefit payments, allowing PFAs to process and approve requests without seeking prior clearance from the Commission.
The reform, which took effect on June 1, 2025, was introduced to fast-track pension payments and improve service delivery to Retirement Savings Account holders.
News
Anambra Assembly confirms Soludo’s 18 commissioners
Anambra State House of Assembly has confirmed the 18 commissioner nominees earlier sent by Governor Chukwuma Soludo on May 4, 2026.
The list comprised second timers like the former commissioner for Information, Dr Law Mefor, to be in charge of Information and Value Reformation, former commissioner for Health, Dr Afam Obidike and Commissioner for Lands, Prof Offonze Amuchiazu, SAN
The others confirmed during plenary on Wednesday are Chief Ugoji Amedu for Culture, Entertainment and Tourism and Dr Clem Aguiyi for Environment
Others include ;
Agriculture — Dr. Ben Chuks Odoemena
Budget and Economic Planning— Mr Chukwukadibia Okoye
Education — Dr. Ekene Ogugua
Finance — Mr Izuchukwu M. Okafor.
Justice and Attorney-General — Barr. Tobechukwu Nweke, SAN
Local Government and Community Affairs— Barr. Vin Ezeaka
Petroleum and Mineral Resources — Prof. Charles Ofoegbu
Physical Planning and Urban Development — Barr. Chijioke Oseloka Ojukwu
Power — Engr. Casmir Chinenye Agummadu
Works and Infrastructure — Arc. Okey Ezeobi
Transport — Hon. Eddy Ibuzo
Women Affairs and Social Development — Mrs Esther Chinyere Onyekesi and
Youth Development and Sports — Mr. Patrick Agha Mba
They were confirmed exactly 3.38 pm by the Lawmakers, after the report presented by the screening committee, led by Hon Noble Igwe,(Ogbaru 1) constituency
Before discharging the new commissioners from the plenary, the speaker, Hon Somtochukwu Udeze, charged them to be prudent in the discharge of their duties.
“If Anambra is to be a destination, I want all of us to work together. It is a new beginning from today in the state. Leadership is a responsibility; as you assume office, it is on the table.
“Every decision you make, you must answer the question, ‘ How does it improve the lives of the people? You have to always make yourselves accessible to the people,” Udeze said.
Responding on behalf of other commissioners, Dr Law Mefor, thanked the Lawmakers and commended the governor, Prof Chukwuma Soludo, for finding them worthy of the positions.
He assured that they would not disappoint the people of the state in their new positions.
Meanwhile, Prof Soludo has sent a second batch of a new list to the Assembly for confirmation
The additional Commissioner-nominees are Arc. Henry Arinze – Commissioner Designate For Housing; Mr Nonso Chukwuma Ebonwu – Commissioner Designate for Commerce, and Dr. Ezeaka Augustine Uwaeme – Executive Secretary, Anambra State Health Insurance Agency (ASHIA)
The new names were read by the speaker, Hon Somtochukwu Udeze, during Wednesday’s plenary and referred the new list to the Committee on Screening and Election Matters.
News
NBA rejects mandatory robing of civilian lawyers before courts martial
The National Executive Council (NEC) of the Nigerian Bar Association has rejected the directive mandating civilian legal practitioners appearing before Courts Martial to wear legal robes, insisting that such a requirement has no legal backing under existing Nigerian laws.
The position was adopted unanimously during the NEC meeting, following deliberations on a recent Convening Order establishing a Court Martial to try officers and soldiers accused of plotting a coup against the Federal Government.
Earlier, the President of NBA, Afam Osigwe, wrote a letter dated April 27, 2026, to the Chief of Army Staff over the controversial directive requiring civilian lawyers to appear robed before the military tribunal.
In its resolution, the Council maintained that the mandatory robing requirement amounts to an unlawful extension of the Rules of Professional Conduct for Legal Practitioners.
According to NEC, Rule 79 of the Rules of Procedure (Army) 1972 merely outlines the categories of persons qualified to appear before a Court Martial and does not prescribe any dress code for counsel appearing before such tribunals.
The Council further argued that the regulation of the conduct and appearance of legal practitioners in Nigeria falls exclusively within the authority of the General Council of the Bar pursuant to the Legal Practitioners Act and the Rules of Professional Conduct.
NEC emphasized that Rule 45 of the Rules of Professional Conduct specifically identifies the courts before which lawyers are required to appear robed, namely the High Courts, the Court of Appeal and the Supreme Court.
It stated that the deliberate mention of those courts excludes tribunals and quasi-judicial bodies not expressly listed, including Courts Martial.
The Council also noted that legal practitioners do not appear robed before several constitutionally recognised tribunals and quasi-judicial bodies, adding that there was therefore no legal basis for extending the requirement to military courts.
While acknowledging that Courts Martial are recognised courts established under the Armed Forces Act, NEC maintained that such recognition does not automatically import the ceremonial and procedural rules applicable to superior courts of record under the Constitution.
The NBA NEC consequently called on the Nigerian Army to immediately review and withdraw the aspect of the Convening Order compelling civilian lawyers appearing before Courts Martial to wear robes.
-
Entertainment20 hours agoNollywood poster boy Alexx Ekubo had a prepared will before his demise
-
News18 hours agoWATCH: This is Karu, Abuja express road now(Video)
-
News11 hours agoJust in: EFCC Nabs Tinubu’s Aide Over Alleged N500Bn Fraud
-
News21 hours agoUUTH sealed as EFCC tries to arrest only Prof of cardiothoracic surgery, three staff members
-
Entertainment11 hours agoAlexx Ekubo: Family Finally speaks, issues statement
-
Entertainment16 hours agoAll you need to know about popular movie star, Alexx Ekubo
-
Economy20 hours agoCBN Forex Intervention Trigger New Changes In Dollar To Naira Exchange Rate May 13, 2026
-
Education20 hours ago2026 UTME: Ekiti Emerges Tops As JAMB Releases List Of Top Ten Candidates

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login