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Reps To Consider Increase In Derivation Fund From 13% to 50%

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By Gloria Ikibah
The House of Representatives is set to consider a constitutional amendment bill which is aimed to increase the derivation fund from the current “not less than 13 per cent” to “not less than 50 per cent”, to ensure the development of all Nigerian states and regions where mineral resources are being extracted.
The bill which was sponsored by Rep. Awaji-Inombek Abiante and 8 other lawmakers has been deferred for debate on Tuesday at plenary.
The decision by Speaker Tajudeen Abbass was arrived at when some lawmakers pleaded to be given copies of the bill to study when the bill was read for second time at plenary on Wednesday.
The bill seeks to alter section 162(2) of the 1999 constitution by deleting the words ‘not less than thirteen percent’ and inserting ‘not less than fifty percent’.
According to the general principle of the bill made available to Naijablitznews.com, the proposed piece of legislation is in response to the clamor of the present administration to righting the wrongs of previous regimes and by ensuring the practice of true federalism.
The sponsors of the Bill argued that the initiative is in tandem with the dream of the founding fathers of Nigeria.
They argued: “Let us indeed renew the hope not only of our founding fathers but also that of generations after us by the unanimous endorsement to review quickly and to amend the formula to not less than fifty percent (50%) according to the Independence Constitution of 1960 and the Republican Constitution of 1963 in Sections 134 {1 (a &b)} and 140 {1(a & b).
“It is noteworthy to add that including all revenues from VAT in this sharing arrangement will enhance competition among the states for increased productivity by making their environment friendlier for investment in order to increase their revenue. This is in tandem with the spirit of equity and justice.
“There has been discovery of one billion barrel of crude oil and gas in North-Eastern part of the country along the Chad Basin in neighboring Bauchi and Gombe states; there are gold fields in Zamfara, Niger, Osun, Kwara, Ebonyi, Kaduna, Edo and Bauchi states and also the FCT; tin mining in Plateau and Nasarawa state among others.
“The truth is, every state in Nigeria is endowed with mineral resources and this bill seeks to ensure that states and regions where these minerals are extracted from also have their revenues allocated according to the 50% derivation formula”.
Rep. Abiante argued that the current formular of revenue sharing renders the collective wisdom of our patriots/statesmen and their intellectual wisdom worthless.
He said: “The current ‘not less than thirteen percent’ derivation entrenched in the 1999 Constitution is grossly inadequate and a mis-representation of the Spirit of pre-independence negotiations and agreements.
“Even in the intent and desire to ensure the rehabilitation and development of the damaged environment where mineral resources (liquid, gaseous and solid) are derived for the sustenance and development of the whole country does not also seem achievable with the current practice of 13%.
“This Bill is not all about resource control but an attempt to address the myriads of issues bordering on the meager “not less than 13%” derivation fund payable to states on revenues derived from their environment as provided for in Section 162(2) of the 1999 Constitution of the Federal Republic of Nigeria as (amended).
“It is important to state that this amendment is not only relevant for today, but also for the future. Some of us may feel that this section that we seek to amend makes no meaning to them, because, their states are not presently affected. But it is pertinent to ask, what about the future?
“Let us remember that every state in the Federal Republic of Nigeria is blessed with abundant natural resources capable of turning the economic fortunes of the country. The increased interest by Federal Government to reduce the dependence on oil and gas as the mainstay of our economy means attention will be shifted to the solid minerals”.
The lawmaker further stated that the huge environmental impacts of the exploitation of natural resources on the host communities are devastating, including pollution, hunger, insecurity and youth restiveness.
“The meager ‘not less than 13%’ derivation as presently provided for by the 1999 Constitution of the Federal Republic of Nigeria encourages Illegal exploitation and mining of our natural resources. It is said he whose parents provides enough food does not bring disgrace to his parents by fighting for food outside. It is a truism that rich parents who do not provide enough food for their children despite having them in abundance can only encourage such children to pilfer from them.
“The illegal refineries that litter the entire Niger Delta region and illegal mining sites across some other parts of Nigeria are reflections of non-commitment of enough funds for the development of these areas.
“The deployment of enough funds means more development in terms of social, economic and security infrastructures. The various State Governments’ ability to build industries will keep the restive youths engaged and away from crimes, especially from the illegal mining and exploitation of natural resources.
“The eradication of illegal mining will mean more money for the Federal and the State governments to share for development purposes, besides the energy and the resources used in chasing and closing illegal operators would be channeled to fast-track the development and protection of the region and indeed any part of the Federation as presently is where mineral resource or any revenue is gotten for the running of the business of Governance, hence the urgent need to increase the derivation fund from “not less than thirteen percent” to “not less than fifty percent”.
“This menace of oil theft has become a threat to our national security and economy, hence the recent tour of the Niger Delta region by the National Security Adviser, Mallam Nuhu Ribadu, Chief of Defence Staff, Minister of Defence, Minister of State for Petroleum Resources, Chief of Air Staff on the 26th of August, 2023 with the strong determination to fight illegal refineries.
“The revenue allocation formula as previously enshrined in both the Independence and Republican constitutions will certainly resolve this issue and make for greater patriotism and a sense of commitment from all. This sense of patriotism will reduce or totally eliminate oil theft and illegal mining as constantly reported.
“It will also make for greater development hinged on healthy competition as witnessed in the pre-independence Nigeria and the First Republic where we had the famous Cocoa House, the University of Ibadan, the University of Nigeria, Nsukka, the University of Ife as it was then called, the famous groundnut pyramid in Kano, the foundation for the eventual establishment of the Ahmadu Bello University, the Western Nigeria Television and several others”.
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Just in: Tinubu Orders Probe Against Google, Facebook, X, AI Platforms Over Use of Nigerian Content

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Just in: Tinubu Orders Probe Against Google, Facebook, X, AI Platforms Over Use of Nigerian Content companies and Generative Artificial Intelligence (AI) platforms over allegations of anti-competitive practices and the unlawful use of content belonging to Nigerian media organisations.

The directive follows a joint petition submitted to the Presidency by the Nigerian Press Organisation (NPO), comprising the Newspaper Proprietors’ Association of Nigeria (NPAN), the Nigeria Union of Journalists (NUJ), the Broadcasting Organisations of Nigeria (BON), and the Guild of Corporate Online Publishers (GOCOP).

In a statement issued on Monday, the FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, said the investigation would cover major technology companies, including Meta, Alphabet, the parent company of Google, X (formerly Twitter), as well as Generative AI platforms operating in Nigeria.

According to the commission, the probe is aimed at examining allegations that the companies engage in anti-competitive practices, unlawfully exploit news content, and operate in ways that may undermine fair competition within Nigeria’s digital media landscape.

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“The big technology companies have come under the radar of the Federal Competition and Consumer Protection Commission following allegations of anti-competitive practices, unlawful exploitation of news content, and other potentially unfair market conduct,” the statement said. It added that the investigation was initiated following President Tinubu’s directive in response to concerns raised by Nigerian media organisations.

The media bodies argued that the activities of some global technology firms threaten the commercial sustainability of local news organisations and undermine the rights of publishers and content creators.

According to the FCCPC, the Nigerian media industry has become increasingly concerned about the growing influence of digital platforms on the country’s news ecosystem.

The commission noted that the petition specifically accused companies such as Meta, Alphabet, X, and certain AI platforms of engaging in practices capable of weakening competition, reducing revenue opportunities for publishers, and using copyrighted news content without adequate authorisation or compensation. FCCPC Executive Vice Chairman and Chief Executive Officer, Tunji Bello, assured that the investigation would be conducted independently and based strictly on available evidence.

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He said the commission recognises both the importance of a vibrant media industry to Nigeria’s democracy and the critical role technology plays in innovation and economic development. “Our responsibility is to objectively determine the facts and ensure that competition within the digital ecosystem remains fair, transparent, and consistent with Nigerian law,” Bello said.

He stressed that the inquiry should not be interpreted as an assumption of wrongdoing by any of the companies involved.

According to him, every organisation under investigation will be given a fair opportunity to present relevant information before any conclusions are reached.

The FCCPC said its investigation will focus on whether the conduct of the companies violates the Federal Competition and Consumer Protection Act 2018, allegations of market dominance and anti-competitive behaviour, the unauthorised extraction and commercial use of copyrighted news content for training AI models, and complaints that Nigerian publishers are being denied fair compensation for the value generated from their content.

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The commission noted that the move aligns with similar regulatory actions in other countries. It cited South Africa, where Google agreed to pay news organisations about R688 million (approximately $40 million) annually to support the local news industry.

The investigation also comes months after the FCCPC imposed a $220 million penalty on Meta over alleged regulatory violations, a decision the technology company is currently challenging.

Through the latest probe, the Federal Government says it aims to ensure that international technology companies operating in Nigeria comply with local competition laws while guaranteeing that Nigerian media organisations receive fair value for the content they produce.

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Video of ‘fake’ agency DG challenging Gbajabiamila resurfaces

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Adeniyi Adeyemi Matthew, acclaimed DG of the Presidential Foreign Intervention Promotion Council

A video of Prince Adeniyi Adeyemi Matthew, the man at the centre of the alleged ₦1.3bn “ghost agency” scandal, has resurfaced online on Monday as the controversy surrounding the purported government agency continues to intensify.

The video, recorded during a press conference held in late June 2026, showed Adeyemi defending his claim to the leadership of the alleged Presidential Foreign Intervention Promotion Council while challenging the position of the Presidency and the Office of the Chief of Staff to the President, led by Femi Gbajabiamila.

,During the briefing, Adeyemi questioned how an agency described by the Presidency as non-existent could appear in official budget documents.

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He said “the national budget does not emerge in isolation. It passes through multiple layers of technical drafting, executive coordination, ministerial inputs, Budget Office review, and finally legislative scrutiny by both chambers of the National Assembly.”

He argued that the inclusion of the agency in official budget documents raised questions about the integrity of the budget process.

“The question becomes unavoidable: At what point in this process did references to a non-existent agency allegedly enter the official record? And if they are indeed present in official documentation, what does that imply about the integrity of the process that produced and approved those documents?” he asked.

Adeyemi further claimed that the agency maintained several accounts with the Central Bank of Nigeria.

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“The same acclaimed non-existent agency has a domiciliary account, a pounds sterling account and a Treasury Single Account, all domiciled in the Central Bank of Nigeria. Is it even possible to open an account with fictitious documents in a commercial bank in Nigeria today, let alone the Central Bank of Nigeria?” he said.

He also alleged that the Chief of Staff to the President, Femi Gbajabiamila, demanded 48 per cent of the agency’s proposed ₦27.4bn take-off grant and referenced an alleged demand for ₦12.5bn.

The Presidency has, however, consistently denied the allegations.

The Office of the Chief of Staff has maintained that the Presidential Foreign Intervention Promotion Council has no legal backing and was never established by the Federal Government.

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According to the Presidency, Adeyemi forged official documents, including appointment letters bearing the names and signatures of senior government officials, to portray himself as the Director-General of the purported council.

Authorities also alleged that he operated from an office inside Phase III of the Federal Secretariat Complex in Abuja, where he hosted meetings with government officials, diplomats, foreign investors and members of the public while presenting himself as a senior government official.

The controversy deepened after it emerged that an entity listed in the 2026 Appropriation Act as the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council received more than ₦1.3bn in budgetary allocations, sparking widespread public scrutiny over how a body the Presidency now describes as fictitious appeared in the federal budget.

The reported allocation comprised about ₦803m for personnel, ₦200m for overhead and ₦300m for capital expenditure.

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Adeyemi is facing an eight-count charge bordering on forgery, impersonation, false personation and operating a fictitious government agency before the Federal High Court in Abuja.

The Presidency has maintained that the matter is before the court and urged the public to disregard his claims, while Adeyemi insists he is not an impostor and says the court will determine the dispute. (PUNCH)

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Tinubu: Strong Institutions Are Bedrock of Democracy as Wike Delivers Body of Benchers Annex(Photos)

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President Bola Ahmed Tinubu on Tuesday reaffirmed his administration’s commitment to strengthening Nigeria’s democratic institutions, declaring that the provision of modern infrastructure for the judiciary and legal profession is essential to deepening the rule of law and sustaining democracy.

Represented by the Secretary to the Government of the Federation, George Akume, at the commissioning of the Office Annex for the Body of Benchers in Abuja’s Institution and Research District, the President described the project as more than an architectural accomplishment, saying it symbolised the Federal Government’s resolve to build resilient institutions capable of advancing justice and national development.

“It is with profound honour and a great sense of national purpose that I stand before you today to officially commission this state-of-the-art Office Annex for the Body of Benchers,” Tinubu said.

“Today’s ceremony is not merely a celebration of a beautiful edifice crafted with architectural excellence. It is a resounding affirmation of our administration’s steadfast commitment to the rule of law, the independence of our institutions, and the dignity of the Nigerian legal profession.”

The President said his administration’s Renewed Hope Agenda recognises that democracy can only flourish where institutions are strong, independent and adequately equipped to discharge their constitutional responsibilities.

“When we took the oath of office, we promised Nigerians a Renewed Hope. We made it clear that democracy cannot thrive in a vacuum; it requires strong, resilient and well-equipped institutions to anchor it.”

He described the Body of Benchers, which oversees admission into the legal profession and enforces professional discipline, as one of the country’s most important legal institutions deserving of infrastructure that reflects its national significance.

“The Body of Benchers stands at the very apex of this institutional framework. It is only fitting that an institution of such monumental national significance is housed in an edifice that reflects its prestige, responsibility and dignity,” he said.

Tinubu stressed that providing infrastructure for the judiciary does not amount to executive interference but rather fulfils the constitutional responsibility of government to support institutions responsible for interpreting and safeguarding the law.

He disclosed that, beyond the newly commissioned annex, the Federal Capital Territory Administration had approved the construction of two 300-capacity hostels for the Nigerian Law School in Bwari to improve students’ welfare, completed the access road linking the Body of Benchers Secretariat to Nile University, and commenced work on a new fire service station to serve the district.

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The President reserved special commendation for the Minister of the Federal Capital Territory, Barr. Nyesom Wike, saying the minister had fulfilled the mandate to transform Abuja into a modern and functional capital city.

“When I appointed Wike, I gave him a clear mandate to transform Abuja into a modern, functional and world-class capital city. Over the last three years, the scale of infrastructural development, urban renewal and project delivery in the FCT has been unmatched,” he said.

He listed the Court of Appeal Complex, Judges’ Quarters, the Outer Southern Expressway and several other landmark projects as evidence of what he described as Abuja’s ongoing renaissance.

“The timely completion and handover of this Body of Benchers Annex is yet another feather in that cap of accelerated governance. It shows that when leadership is focused, things get done, and they get done right.”

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Tinubu urged the Chairman of the Body of Benchers, Olorogun Albert Akpomudje SAN, and members of the body to utilise the facility as a centre for justice, mentorship and legal reforms that respond to the evolving needs of Nigerians.

“My administration will continue to play its part, ensuring that our judicial officers are well-housed, well-remunerated and provided with the tools to dispense justice without fear or favour,” he added.

Earlier, the Minister of the Federal Capital Territory (FCT) Barr Nyesom Wike attributed the delivery of the project to President Tinubu’s support and prompt release of funds, saying the administration had consistently prioritised projects that strengthen institutions of justice.

The minister recalled that the proposal for the annex was initiated by former Chairman of the Body of Benchers, Chief Adegboyega Solomon Awomolo, SAN, who appealed for additional office accommodation after the annual budget had already been passed.

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According to Wike, he approached President Tinubu, who directed that the project be included in the supplementary budget, with the approval subsequently secured from the National Assembly.

“Luckily, he prayed very well and Mr. President said, ‘Put it in the supplementary budget.’ That was approved by the National Assembly, and today we are here commissioning the project,” Wike said.

He also disclosed that another request by the Body of Benchers to ease traffic congestion around the institution had already been addressed through the construction of a new road scheduled for commissioning by the Vice President.

The minister said the FCT Administration would continue to support institutions within the justice sector, assuring the Body of Benchers of government’s readiness to consider further requests that would enhance its operations.

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Speaking earlier, Chairman of the Body of Benchers, Olorogun Albert Akpomudje SAN, described the new annex as a significant intervention that would strengthen legal education, professional discipline and the administration of justice.

He stressed the need for continued collaboration between government and development partners to sustain investments that protect public infrastructure and improve access to justice.

Delivering the vote of thanks, the Minister of State for the FCT, Mariya Mahmoud, reaffirmed the administration’s commitment to strengthening institutions that uphold justice, discipline and the rule of law.

She described the annex as a landmark investment in Nigeria’s legal profession, saying it would serve as a centre for service, mentorship, ethical standards and professional excellence while advancing the work of the Body of Benchers in safeguarding the integrity of the nation’s justice system.

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