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Lagos Lawmakers Spend N200 Million On End -of-year Party Amid Economic Hardship

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The Lagos State House of Assembly, under the leadership of Speaker Mudashiru Obasa, has come under fire from civil society organizations (CSOs) and concerned citizens for reportedly spending over N200 million on an end-of-year party.

The event, held at the Assembly complex, featured performances by musicians and elaborate fanfare, sparking outrage amid Nigeria’s worsening economic conditions and Lagos State’s mounting debt profile.

The extravagant celebration comes at a time when residents of Lagos and Nigerians nationwide are grappling with skyrocketing inflation, depreciating currency, and dwindling purchasing power.

Critics argue that such ostentatious spending is insensitive and reflects poor prioritization of public funds.

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“This is an affront to Lagosians who are struggling to survive. While families are struggling to put food on their tables, lawmakers are spending millions on frivolities,” a source told Sahara Reporters.

The controversy surrounding the Assembly’s expenditure is further amplified by Lagos State’s deteriorating financial health.

A recent audit revealed that the state incurred a staggering N578 billion in foreign exchange losses in 2023 alone. This figure dwarfs the state’s capital expenditure for the year, which stood at N314 billion.

“These acts demonstrate a blatant misuse of public resources. It’s time for accountability and transparency in the Lagos State House of Assembly,” another source said.

The latest revelation has prompted calls for anti-corruption agencies to investigate the Assembly’s financial practices.

Activists have urged the Economic and Financial Crimes Commission (EFCC) to probe the alleged misuse of public funds, particularly the recent N200 million party expenditure.

“We demand a thorough audit of the Lagos Assembly’s financial records.

“Public officials must be held accountable for their actions, especially when they prioritize luxury over the welfare of the people,” the source added.

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NANS-RN Disowns Alleged ‘President’, Warns Public Against Impostor

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The recognised leadership of the National Association of Nigerian Students, Republic of Niger Chapter (NANS-RN), has distanced itself from one Abubakar Muhammad Uwaisu, accusing him of falsely parading himself as the “National President” of the association.
In a press disclaimer issued by the association’s Secretary General, Comrade Mustapha Y. Haruna, the group described Uwaisu’s claim as “false, baseless, and a deliberate act of impersonation and misrepresentation.”

The association stated that Uwaisu “is not, and has never been” its president, urging the public, media organisations, government agencies, and diplomatic stakeholders to disregard any statements or representations made by him in that capacity.

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NANS-RN further alleged that Uwaisu lacks the qualifications and institutional backing required to assume any leadership role within the body, noting that leadership within the association is based on due process, legitimacy, and the confidence of its members.

The statement also raised concerns about alleged conduct attributed to Uwaisu, including remarks directed at Musa S. Mamman, Secretary General of the Nigeria–Niger Joint Commission, whom the association described as a respected diplomat with a record of national service.

The association cautioned key institutions such as the National Youth Service Corps and the Federal Ministry of Education against engaging with Uwaisu under any official pretence, emphasising that he does not represent Nigerian students in the Republic of Niger.

Reaffirming its commitment to protecting the integrity and unity of the student body, the leadership said it would pursue all lawful measures to safeguard the association’s image.

It also urged stakeholders to verify official communications through recognised NANS-RN channels to avoid being misled.

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UAE to Withdraw from OPEC Effective May 1, 2026

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By Yusuf Danjuma Yunusa

The United Arab Emirates (UAE) announced on Tuesday that it will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1, 2026.

The decision, reported by a Dubai-based local media outlet, stems from the UAE’s long-term strategic and economic vision as its energy profile evolves. This includes accelerated investments in domestic energy production, following a comprehensive review of the country’s current and future production capacity, as well as its overall output policy.

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“This would be based on the UAE’s national interest and commitment to contributing effectively to meeting the market’s pressing needs,” the report added.

The UAE stated that it will continue to act as a responsible and reliable energy supplier, bringing additional production to the market gradually and measuredly, in line with demand and market conditions.

The Emirates also reaffirmed its commitment to investing across the entire energy value chain—including oil and gas, renewables, and low-carbon solutions—and to working with partners to ensure stable global supply.

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Abe Resumes as NUPRC Board Chairman, Pledges Improved Leadership

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By Yusuf Danjuma Yunusa

Senator Magnus Abe officially resumed as Chairman of the Board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) today, vowing to enhance the regulatory body’s capacity to fulfill its statutory mandate.

Speaking at the Commission’s headquarters shortly after his inauguration, Abe promised to provide stronger leadership and oversight while also committing to securing a more befitting office for the NUPRC to maximize staff productivity.

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“I want to assure management that we are here strategically to work with you and see that, as much as possible, we work together to uplift the Commission and to help our country,” Abe said.

The Chairman emphasized that the board’s core purpose is to deliver better leadership and oversight to the regulatory agency.

In her remarks, NUPRC Commission Chief Executive Mrs. Oritsemeyiwa Eyesan congratulated the new board members, noting that the Commission depends on them for direction in line with the Petroleum Industry Act.

Eyesan described the inauguration as coming at a “most auspicious moment,” particularly amid the current spike in oil and gas prices triggered by the ongoing Middle East crisis.

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