News
Court remands activist lawyer Dele Farotimi in prison, postpones bail hearing
A Chief Magistrate’s Court in Ado Ekiti, the Ekiti State capital, Wednesday, remanded a lawyer and activist, Dele Farotimi, in prison over alleged defamation of Afe Babalola, a Senior Advocate of Nigeria and founder of Afe Babalola University Ado Ekiti (ABUAD).
PREMIUM TIMES reported that the police invaded Mr Farotimi’s office in Lekki, Lagos, on Tuesday to arrest him and take him to Ado Ekiti, following Mr Babalola’s petition.
Mr Babalola alleged in his petition that Mr Farotimi defamed him in his book, ‘Nigeria and its Criminal Justice System’.
The book, according to the prosecution, alleged that Mr Babalola corrupted the Supreme Court to procure a fraudulent judgment in the service of his clients.
The defendant pleaded not guilty Wednesday to the 16 counts preferred against him by the police.
The trial chief magistrate, Abayomi Adeosun, ordered that the defendant be remanded in the Ado Ekiti correctional centre for him to file a formal bail application.
He adjourned the case till Tuesday, 10 December, for the court to hear the bail application.
The prosecution, Samson Otsubu, had asked the court to remand Mr Farotimi in prison, while investigations continued.
He said Mr Farotimi’s co-conspirators are still at large and the published books are still in circulation.
“The Supreme Court judges mentioned in the book are yet to be investigated. To avoid threat to national security, we want to humbly say that the defendant be kept at Ado Ekiti correctional center pending the conclusion of the investigation,” the prosecutor said.
Defence lawyer Peter Akeredolu, leading three others, made an oral application for the defendant’s bail on Wednesday.
Mr Akeredolu said the alleged offences in the case are bailable.
“We are in this court when the charges were read and none of the charges is linked to capital offence which is not bailable. Chapter 35 of the 1999 constitution as amended guarantees the liberty of the people. This application is premised on the fact that an accused is presumed innocent until proven otherwise.
“The court should admit the defendant to bail on very liberal terms especially on self-recognisance. The man in the dock is a lawyer of 25 years standing. We pray the honourable court to grant him bail on self recognisance. There are three health challenges the defendant is currently managing.”
But ruling, the magistrate said he could not grant bail to the defendant based on an oral application.
“Enough materials have not been brought to the court to enable me to exercise my discretion. It is not enough to cite a plethora of cases like the defendant counsel have done,” the magistrate ruled.
News
Just in: Tinubu assents 2026 Appropriation Bill, 2025 Budget Extension
President Bola Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion.
He also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June 30, 2026.
This was announced on Friday in a statement by his Special Adviser on Information and Strategy, Bayo Onanuga.
The ₦68.32 trillion budget for this year earmarks ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt service.
It allocates ₦15.4 trillion to recurrent expenditure and ₦32.2 trillion to the Development Fund for Capital Expenditure.
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth.
The allocations reflect a strategic balance between statutory obligations, debt servicing, recurrent expenditure, and capital investments critical to driving productivity and improving the quality of life for Nigerians,” the statement read in part.
The President also has assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the implementation period of the capital component of the 2025 Appropriation Act from March 31, 2026, to June 30, 2026.
The extension, the statement revealed, would ensure the full and effective utilisation of appropriated funds, particularly for critical infrastructure and development projects that are at advanced stages of implementation across the country.
It will enable ministries, departments, and agencies (MDAs) to consolidate ongoing works, enhance project completion rates, and maximise value for public expenditure. With the 2026 Appropriation Act coming into force on April 1, the Federal Government will commence full implementation in line with the Renewed Hope Agenda,” it added.
Additionally, President Tinubu directed MDAs to ensure disciplined, transparent, and efficient utilisation of allocated resources, with a strong emphasis on value for money and timely project delivery.
He commended the National Assembly for its diligence, cooperation, and patriotism in expeditiously considering and passing the budget.
The President reaffirmed the importance of sustained collaboration between the executive and legislative arms of government in advancing national development objectives.
Tinubu also assured Nigerians of his administration’s resolve to deepen fiscal reforms, enhance revenue generation, and prioritise investments that will stimulate economic growth, create jobs, and strengthen social protection mechanisms.
The budget is also expected to be partly financed through external borrowing, following the approval of a foreign loan plan exceeding $21 billion to bridge the fiscal gap.
₦9.85trn Increase
The 2026 budget represents an increase of ₦9.85 trillion over the initial proposal of ₦58.47 trillion that Tinubu submitted to the National Assembly, and ₦13.33 trillion higher than the 2025 budget.
The President had while presenting the 2025 budget proposal before federal lawmakers in December 2025, pegged the capital expenditure at ₦26.08 trillion and the crude oil benchmark at US$64.85 per barrel.
He disclosed that the expected total revenue was ₦34.33 trillion; ₦15.52 trillion for debt servicing.
The proposal was anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of ₦1,400 to the US Dollar for the 2026 fiscal year.
Amid the growing concerns over insecurity across the country, Tinubu said his administration would “invest in security with clear accountability for outcomes—because security spending must deliver security results”.
“We will take decisive steps to strengthen agricultural markets. Food security is national security.
“The 2026 budget prioritises input financing and mechanisation; irrigation and climate‑resilient agriculture; storage and processing; and agro‑value chains,” he told the National Assembly members.
Nigeria’s budgets in recent years have come under fire with experts critcising the poor implementation and release of funds for the execution of important national projects.
But the Tinubu administration said that the 2026 national budget was well-planned to solidify the gains of its reform agenda.
“Our ‘Budget of Consolidation, Renewed Resilience and Shared Prosperity’ is critical. It is a commitment to double down on what is working, to solidify gains, and to ensure that the shared prosperity we speak of becomes a lived reality for more Nigerians, faster,” Minister of Information and National Orientation, Mohammed Idris, said in a statement.
News
BREAKING: Popular sports analystt, Okomi is dead
Popular sports broadcast journalist with Classic FM 97.3, Temisan Okomi, has died.
A journalist with News Central, Olawale Adigun, confirmed his death in a statement shared on X on Friday.
He wrote on X, “The worst way to go into the weekend is hearing about Temisan Okomi’s passing. I’m so gutted and, at the same time, terrified. This man meant so much to me.”
Recall that news of his death has since stirred reactions on X, with colleagues and fans expressing shock and grief.
The late journalist had worked with Lagos Television, HiTV, and other prominent media organizations in Nigeria.
His last post on X was on April 14, 2026, when he wrote, “The Champions League is hard, man.”
News
Kwankwaso has decided to be Obi’s running mate-Ibrahim Abdulkarim reveals
Ibrahim Abdulkarim, a political associate of ex-governor of Anambra State, Peter Obi, has claimed that the former governor of Kano State, Rabiu Kwankwaso, has agreed to deputize the Obi in the 2027 presidential race.
He spoke during an interview on Trust TV, said the Obidients and the Kwankwassiyya Movements are already aligning towards Obi/Kwankwaso ticket.
Asked if Obi and Kwankwaso had struck a deal, Abdulkarim said “yes, I can categorically tell you that they have agreed”.
We all know that. Both the Obidients and the Kwankwassiyya Movements are aware of the agreement”.
Recall that Kwankwaso recently decamped from the New Nigerian Peoples Party, NNPP to the African Democratic Congress, ADC.
His move stirred suspicion that the two political gladiators may have agreed to run for the 2027 presidency on a single ticket.
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