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Speaker Abbas Reaffirms Commitment to Accountability in Public Funds

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By Gloria Ikibah

The Speaker House of Representatives, Rep. Tajudeen Abbas, has restated the commitment of the 10th House to ensuring transparency and accountability in managing public funds.

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Speaking at a public hearing organized by the House Committee on TETFUND and Other Services, on Friiday in Abuja, Speaker Abbas, who was represented by the House Leader, Rep. Julius Ihonvbere highlighted the significance of the proposed amendments to the Tertiary Education Trust Fund (TETFUND) Act (2011).

Abbas noted that TETFUND, established by an Act of the National Assembly in 2011, serves as an intervention agency supporting public tertiary institutions across Nigeria.

According to him, the agency focuses on providing educational infrastructure and facilitating capacity-building initiatives for academic staff.

he said: “It has been established through available data that the fund has substantially fulfilled its given mandate.
“However, there still exist some limitations in the existing legal framework that hinder the Fund from meeting the challenges posed by current realities and its obligations.
“The over-reliance on the Fund by beneficiary institutions has encouraged a lack of innovations by some of the tertiary administrators while the legal framework allowed some ambiguities and potential risks of arbitrariness.
“Particularly in the areas of the authorisation of withdrawals from the fund, and the assessment and clarity on taxable profits for the Fund’s contributions.
“The amendments are meant to provide for additional conditions for assessing funds for capital projects by beneficiary institutions and related matters.
“I understand that the current framework limits the effective oversight function of the National Assembly and questions the transparency and accountability procedures adopted by the administrators.
“The 10th House of Representatives has a responsibility as the People’s House to ensure accountability and transparency in the management of public funds,” he said.

In her address, the Committee Chairman, Rep. Mariam Onuoha, stated that the proposed legislation aims to address the challenges of poor project implementation, which have raised concerns about the actual use of funds in tertiary institutions.

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She noted that, in response to complaints and controversies from stakeholders, the Speaker recommended amendments to Section 7 of the Act to strengthen guidelines for accessing and utilizing the funds.

Onuoha assured that stakeholders’ views and submissions would be carefully considered in the final report after the hearing.

“Public funds, once deployed are subject to accountability, probity and justification for the amount released which often is not enough.
“Even we are given little, that little demands accountability and probity; it is line with this that the committee will commence a school-by-school oversight from the second quarter of the year.
“This is to ensure direct inspection to observe how critical infrastructure are being executed, to see and document abandoned or distressed projects.
“If there are contractors who have collected money that have not done the job in accordance to the bill of quantity, the committee name and shame and make necessary recommendations for sanctions to blacklist them where necessary.
“We as a committee have participated in the ongoing tax reforms bill and have made our plea along other stakeholders on the need to exclude the clause affecting the operations of TETFUND.
“We are of the opinion that TETFUND opinion has become the lifewire of infrastructure development and capacities of lecturers across the tertiary institutions and haven come this far, it will not be right to throw away the baby and bath water.
“Issues bothering on operations of the TETFUND, the committee as mandated by section 88 and 89 of the Constitution empowers the committee to carryout oversight to ensure that they are corrected at the right time.
“This is to ensure a win-win and balanced implementation instead of ,” she said.

The Executive Secretary of TETFUND, Sonny Echono, who highlighted ongoing efforts to ensure effective management of the fund, criticized the unchecked establishment of tertiary institutions, particularly by state governments relying solely on TETFUND without proper financial plans.

According to him, to promote fairness, only one university, one polytechnic, and one college of education per state was eligible for funding each year.

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He therefore urged lawmakers to prioritise expanding existing institutions instead of creating new ones, to ensure better allocation of resources.

President of the Academic Staff Union of Universities (ASUU), Prof. Emmanuel Osodeke, called for ASUU’s reinstatement on the TETFUND board and advocated for an independent monitoring committee to oversee projects from inception to completion.

Prof. Osodeke also warned that ongoing tax reforms could threaten TETFUND’s operations, stressing that the fund is crucial to sustaining Nigeria’s tertiary education system.

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Presidency mocks Atiku over 2027 ambition, calls him serial loser, advises Obi to leave ADC

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The Presidency has dismissed ex- Vice President Atiku Abubakar over his renewed declaration to contest the 2027 presidential election, describing his ambition as a recurring political miscalculation that will end in defeat.

Recall that Atiku, in a recent interview with said the 2027 general election would mark his final attempt at the presidency.

However, the Presidency, speaking through the Special Adviser to the President on Information and Strategy, Bayo Onanuga, ridiculed the former vice president’s chances, insisting he was likely to “repeat history” and suffer another electoral loss.

Reacting through the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Presidency argued that Atiku’s political trajectory shows a pattern that has repeatedly ended in defeat.

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“This Atiku will never learn,” Onanuga said.

He further accused the former vice president of attempting to undermine the informal zoning and rotation understanding between Nigeria’s North and South, which has long influenced presidential politics.

Once again, Abubakar Atiku has put forward a self-serving argument to justify his attempt to disrupt Nigeria’s power rotation arrangement,” Onanuga stated. “In 2023, as a member of the PDP, a party that, like others, practices zoning, Atiku disregarded the established formula and sought to succeed a fellow northerner who had spent eight years in office. His ambition fractured the PDP, leading to his resounding defeat at the polls.”

The Presidency also predicted another electoral loss should Atiku proceed with his 2027 ambition.

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“Now, he stands poised to repeat history and face another doom. Another spectacular failure awaits this perennial candidate in the next election,” he added.

Onanuga also referenced Atiku’s recent interview, where the former vice president reiterated his stance on North-South rotation, insisting that the South has held power for longer periods since 1999.

According to him, Atiku’s argument ignored key historical context, particularly the circumstances surrounding the transition following the death of former President Umaru Musa Yar’Adua, which led to former President Goodluck Jonathan completing the tenure.

“He conveniently overlooks the fact that the North’s shorter tenure was due to the untimely death of President Umaru Yar’Adua, which led to President Jonathan’s succession,” Onanuga said. “This accidental breach does not invalidate the power rotation arrangement between the North and the South.”

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Reaffirming the Presidency’s position on zoning, he maintained that the South should retain the presidency through 2027.

Since Buhari completed his eight years, Tinubu too must complete his own. All Atiku needs to do is to bury the thought of running again, as it is still the South’s turn in the 2027 election,” he concluded.

Onanuga also made a remark directed at Labour Party’s 2023 presidential candidate, Peter Obi, suggesting he distance himself from speculation linking him to a possible coalition arrangement involving the African Democratic Congress (ADC), following Atiku’s renewed political positioning.

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BBC to fire 2,000 workers to make £500m savings

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The British Broadcasting Corporation (BBC) has announced plans to reduce its workforce by up to 2,000 roles as it moves to address mounting financial challenges.

The broadcaster said it must cut costs by £500 million within the next two years.

Interim Director-General Rhodri Talfan Davies acknowledged that the planned job losses would be difficult for employees but stressed the need to act quickly to stabilise the organisation’s finances.

Speaking on BBC Radio 4’s Media Show, Davies said the broadcaster would spend the coming months determining how to implement the reductions without undermining essential radio, television and online services relied upon by audiences.

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He added that further details on how the restructuring would affect BBC operations would be released later in the year.

Speaking on the announcement, the head of the broadcasting union Bectu, Philippa Childs warned that job losses on such a scale would have serious consequences for both staff and the broadcaster’s future.

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The BBC currently employs around 21,500 full-time equivalent staff.

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In an email to staff on Wednesday, April 15, 2026, Davies explained that the organisation is grappling with widening financial gaps due to rising production costs, pressure on licence fee revenue, reduced commercial income and ongoing global economic uncertainty.

Meanwhile, the UK Culture Secretary, Lisa Nandy, said the BBC, like other institutions, must make tough financial decisions.

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She noted that the broadcaster’s leadership was also exploring commercial opportunities and alternative revenue streams to strengthen its finances.

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The restructuring announcement comes ahead of the arrival of incoming Director-General Matt Brittin, a former Google executive, who is set to officially replace departing chief Tim Davie on May 18.

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PDP approved appointment of Wike as minister – APC

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The National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, has said that the Peoples Democratic Party (PDP) approved the appointment of Nyesom Wike as a minister in the administration of Bola Tinubu.

Yilwatda made the disclosure on Wednesday during a media chat in Abuja while responding to questions on Wike’s continued membership of the PDP despite serving in an APC-led government.

The APC chairman said Wike’s appointment was not unusual, citing precedents where past administrations appointed opposition figures into key government positions.

He referenced the appointments of Bala Mohammed and Adamu Aliero, who served as ministers of the Federal Capital Territory under previous PDP administrations despite belonging to other parties.

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“President Jonathan discovered Bala Mohammed was good enough and brought him from ANPP,” he said.

“Aliero was also appointed by President Yar’Adua from ANPP because of his experience.”

Yilwatda argued that the backlash against Tinubu over Wike’s appointment was unjustified.

“What’s wrong if President Tinubu is doing what two former presidents have done and nobody condemned them?” he asked.

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He also pointed to other opposition figures serving in the current administration, including Bianca Ojukwu, noting that criticism appears to be disproportionately focused on Wike.

According to the APC chairman, Wike formally wrote to the PDP’s National Working Committee in 2023 seeking permission to accept the ministerial role.

He said the party granted approval for Wike to serve in the APC-led government.

“Wike wrote the national working committee of PDP before he took the appointment,” Yilwatda said.

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“The national working committee of PDP approved that he should come and serve with us.”

Yilwatda maintained that Wike’s role in the Tinubu administration is backed by the PDP, not the APC.

“He is serving with us with the approval of the national working committee of PDP,” he said.

“So, it was PDP that approved that Wike should work with the APC.”

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