News
Rivers Chief Judge Defies Assembly’s Request of Probe Against Fubara, Citing Court Injunction
By Yusuf Danjuma Yunusa
The Chief Judge of Rivers State, Hon. Justice Simeon C. Amadi, has stated that he is legally restrained from constituting a seven-member panel to investigate allegations of gross misconduct against Governor Sir Siminalayi Fubara and Deputy Governor Prof. Ngozi Nma Odu.
The statement is contained in a letter addressed to the Speaker of the Rivers State House of Assembly, Rt. Hon. Martin Chike Amaewhule, dated January 20, 2026.
In the letter, Justice Amadi referred to two letters from the House of Assembly, both dated January 16, 2026, which requested him “to appoint seven (7) persons to investigate the allegations of gross misconduct against His Excellency, Sir Siminalayi Fubara, GSSRS, the Governor of Rivers State, pursuant to Section 188(5) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).”
The requests were based on resolutions of the House pursuant to Section 188(4) of the Constitution.
A similar request was made regarding the Deputy Governor, Prof. Ngozi Nma Odu, in the same language and effect, according to the Chief Judge.
Justice Amadi revealed that his office had also received two separate court orders of interim injunction on January 16, 2026 in two suits:
Suit No.: OYHC/6/CS/2026 – Her Excellency, Prof. (Ms.) Ngozi Nma Odu, DSSRS Vs. The Rt. Hon. Martin Amaewhule, DSSRS (Speaker, Rivers State House of Assembly) & 32 Ors and Suit No.: OYHC/7/CS/2026 – His Excellency, Sir Siminalayi Fubara, GSSRS Vs. The Rt. Hon. Martin Chike Amaewhule, DSSRS (Speaker, Rivers State House of Assembly) & 32 Ors.
The Chief Judge is listed as the 32nd Defendant/Respondent in both suits, and the interim orders were served on his office on January 16.
Justice Amadi cited paragraph 1 of the orders, which reads: “That an interim injunction is hereby made, restraining the 32nd Defendant, i.e., The Hon. Chief Judge of Rivers State from receiving, forwarding, considering and or howsoever acting on any request, resolution, articles of impeachment or other documents or communication from the 1st-27th and 31st Defendants for the purpose of constituting a panel to investigate the purported allegations of misconduct of the Claimant/Applicant for seven days.”
Attached to his letter were certified true copies of the court orders. Justice Amadi emphasized the importance of constitutionalism and the rule of law, noting that “all persons and authorities are expected to obey subsisting orders of court of competent jurisdiction, irrespective of perception of its regularity or otherwise.”
The Chief Judge also referenced case law in support of his position, citing Hon. Dele Abiodun vs. The Hon. Chief Judge of Kwara State & 3 Ors. (2007) 18 NWLR, 109-169, in which the Court of Appeal condemned a Chief Judge for constituting a panel to investigate allegations against an appellant despite a subsisting restraining order.
The court warned, “I liken the scenario created by the Chief Judge to the position of a chief priest and custodian of an oracle turning round to desecrate the oracle. The Chief Judge of the State who is the custodian and head of the judicial arm of the State, ought to abide by the Laws of the State, nay the land…”
Justice Amadi added that the Speaker of the House has already filed an appeal against the interim orders at the Court of Appeal, Port Harcourt Division, with notices served on 19th and 20th January. He explained that under the doctrine of lis pendens, “parties and the court have to await the outcome of the appeal.”
He concluded that, due to the subsisting interim orders and pending appeal, his “hand is fettered” and he is “legally disabled at this point from exercising my duties under Section 188(5) of the Constitution in the instant.”
Justice Amadi urged the Rivers State House of Assembly to “be magnanimous enough to appreciate the legal position of the matter.”
The Assembly had sought the establishment of a seven-member panel to probe Governor Fubara and his deputy, Ngozi Odu, regarding allegations of gross misconduct.
The allegations include the demolition of the Assembly complex, extra-budgetary spending, withholding of funds meant for the Assembly Service Commission, and alleged refusal to comply with a Supreme Court ruling on the financial autonomy of the legislature.
The House commenced the impeachment proceedings days after the Minister of the Federal Capital Territory, Nyesom Wike, accused the governor of reneging on a peace agreement brokered by President Bola Tinubu in 2025.
Consequently, the impeachment proceedings have been halted by the judiciary, creating a tense political deadlock in the state. The path forward now depends on either a resolution of the pending court case or a new legal strategy by the State Assembly.
News
Report: Nigeria Records N166trn Public Debt
By Yusuf Danjuma Yunusa
The Debt Management Office (DMO) says Nigeria’s total public debt rose to N166.79 trillion as of June 30, 2026.
The DMO published the latest public debt portfolio report on Friday.
The figure represents a 9.4 percent or N14.39 trillion increase from the N152.4 trillion recorded at the end of June 2025.
It also represents an increase of N7.44 trillion or 4.7 percent compared with the N159.35 trillion recorded at the end of the first quarter (Q1) of 2026.
According to the latest report, the debt stock comprises N91.59 trillion in domestic debt, which accounts for 54.91 percent of the total debt stock, and N75.2 trillion in external debt, representing 45.09 percent.
The debt office said domestic debt increased by N11.04 trillion (13.7 percent) from N80.55 trillion recorded in June 2025.
The office said external debt also rose by N3.35 trillion (4.7 percent) from N71.85 trillion in the same period.
According to the DMO, the federal government accounted for N152.77 trillion of the total debt stock, comprising N86.99 trillion in domestic debt and N65.77 trillion in external debt.
On the other hand, states and the Federal Capital Territory (FCT) accounted for the remaining N14.01 trillion — N4.59 trillion in domestic debt and N9.42 trillion in external debt.
In dollar terms, the agency said Nigeria’s total public debt stood at $120.93 billion as of June 30, 2026 — up from $99.66 billion recorded in June 2025.
The DMO said the Central Bank of Nigeria (CBN) official exchange rate of N1,379 per dollar as of June 30 was used to convert the external debt to naira.
News
NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision
The Nigerian National Petroleum Company Limited (NNPC Ltd) has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing it as a landmark development that affirms the growing viability of Nigeria’s upstream gas sector.
The project, located offshore in OMLs 112 and 117 and developed by AMNI International in partnership with TotalEnergies, will produce about 300 million standard cubic feet of gas per day at peak. The output will supply critical feedgas to Nigeria LNG Limited in support of its Train 7 expansion, which will increase capacity at the Bonny Island plant from 22 million tons per annum to 30 Mtpa.
The FID was enabled by the Presidential Directives of 2024, which provided fiscal incentives for non-associated gas, streamlined contracting and lowered development costs. Ima is the fourth major gas project to reach FID under President Bola Ahmed Tinubu, after Iseni, Ubeta and HI.
Group Chief Executive Officer, NNPC Ltd., Engr. Bashir Bayo Ojulari described it as “a decisive vote of confidence in Nigeria’s gas sector and in the bold reforms” that have created competitive terms and a predictable investment environment.
NNPC Ltd. also commends the collaboration between AMNI, TotalEnergies and the Nigerian financial sector, saying the model of indigenous operator, international partner and domestic capital is a template for future developments.
In a statement signed by Andy Odeh Chief corporate communications officer of NNPC Ltd. reaffirms its commitment to work with government, regulators and industry partners to sustain investment momentum and deploy Nigeria’s gas resources for industrialisation, job creation and long-term prosperity.
News
At MAN AGM In Kano, Manufacturers Throng Dangote Pavilion Over ‘Peoples IPO’
Manufacturers under the aegis of the Manufacturers Association of Nigeria (MAN) thronged the Dangote Group’s pavilion at the exhibition to seek information and clarification on the ongoing Public Initial Public Offering (IPO) of the Dangote Petroleum Refinery and Petrochemicals (DPRP).
The three-day Annual General Meeting (AGM) of the Kano-Jigawa Branch of the Manufacturers Association of Nigeria (MAN), the 54th in the series, ended on Thursday, with the Dangote Group’s representative hosting participants and engaging manufacturers who expressed keen interest in the ongoing Initial Public Offering (IPO) of the Dangote Refinery.
The Dangote Refinery Peoples’ IPO offers Nigerians and other eligible investors an opportunity to buy shares in the Dangote Petroleum Refinery and Petrochemicals, thereby becoming part-owners of one of Africa’s largest industrial projects and participating in its future growth.
The Dangote Refinery IPO runs from 14 September to 13 October 2026.
Dangote Industries Limited is one of the sponsors of the 54th MAN AGM.
Earlier, in his opening remarks, the Chairman of the Manufacturers Association of Nigeria (MAN), Sharada/Challawa Branch, Alhaji Nura S. Madugu, highlighted the mounting burden of multiple taxes, levies and charges on manufacturers, warning that the situation is increasing the cost of doing business and undermining the competitiveness of local industries.
Madugu urged the Kano State and Federal Governments to ease the tax burden on manufacturers and accelerate efforts to harmonise taxes and levies imposed on businesses.
He particularly decried the practice of double and multiple taxation, which he said continued to place additional financial pressure on manufacturers already grappling with high energy costs, inadequate infrastructure, expensive financing, insecurity, foreign exchange challenges and unfair competition from imported goods.
“We are especially concerned about instances of double and even multiple taxation, where the three tiers of government impose what is essentially the same levy under different names and different guises. This practice places our products at a serious disadvantage in their constant competition with imported goods, a disadvantage made worse by the high cost of alternative power supply and the volatility of the foreign exchange rate.
Madugu reminded the meeting of MAN’s enormous contribution to the society and provide employment to thousands of Nigerians, as well as participating actively in tax revenue generation for the country.
“We provide employment to thousands of Nigerians. We participate actively in tax revenue generation for the states and the federation through the deduction of Value Added Tax on our products, the remittance of Pay-As-You-Earn on behalf of our staff, and the payment of Withholding Tax, Education Tax, Tertiary Education Tax, Company Income Tax, and a whole host of other levies too numerous to mention individually. Beyond taxation, we also discharge our Corporate Social Responsibility diligently to the communities in which we operate.
“Even though what we receive in return remains modest, we continue, in strength and in good faith, to serve this nation and to hold up its economy. We do this because we believe in Nigeria and in Kano State. But it must be said plainly,” Madugu added.
In his remarks also, MAN Chairman, Bompai/Jigawa Branch, Mohammed Bello I. Umar, appreciated the association’s members for their resilience, commitment and continued investment in the Nigerian economy despite the difficult operating environment.
He pointed out that the meeting provides the members of the association with an opportunity to reflect on its activities, review the challenges confronting their businesses, acknowledge the progress they have made, and chart a stronger course for the future of manufacturing in the country.
However, he said, the members must acknowledge that manufacturing remains under serious pressure.
He highlighted that the high cost of energy, multiple taxes and levies, inadequate infrastructure, high financing costs, insecurity, foreign exchange challenges and unfair competition from imported goods continue to affect our competitiveness.
“One issue that requires our collective attention is the importation of contraband and substandard goods. These products undermine local manufacturers who invest heavily
“Reliable and affordable electricity remains one of the most important requirements for industrial development.
He however welcomed the ongoing electricity reforms and efforts by the Kano State Government and the State House of Assembly towards establishing a more effective electricity framework for the State.
He called for the swift implementation of reforms that will create a more reliable, competitive and affordable electricity market for industries.
He noted that manufacturers continue to provide employment, generate wealth, support local communities and contribute significantly to government revenue in production, employ Nigerians and comply with government regulations.
“We must therefore stand together and call for stronger enforcement at our borders and markets.
He urged the relevant government agencies to intensify the fight against smuggling, counterfeiting and the importation of goods that compete unfairly with locally
Report: Nigeria Records N166trn Public Debt
NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision
At MAN AGM In Kano, Manufacturers Throng Dangote Pavilion Over ‘Peoples IPO’
NLC President Ajaero: It Is Wrong to Negotiate Minimum Wage Without Minimum Pension
Prof Yusuf Adamu Delivers BUK’s 63rd Professorial Inaugural Lecture, Reflects on Medical Geography and Academic Legacy
Zamfara Varsity ASUU Threatens Warning Strike Over FG-ASUU Agreement, Promotion Arrears
Bello Sharada: A Great Writer, A Bookish Soul, Gone Too Soon
Kano Chemists Threaten Warning Strike Over Alleged PCN Pressure
Per Ishaq Samaila: “Waziri” for Strategy. “Mai Jama’a” for Service. One Man. One Mission. Ibrahim Kabir Masari
Court Ultimatum Forces FBI to Hand Over Tinubu’s Fraud Records to Judge—But Keeps Them Hidden from Public
Report: Nigeria Records N166trn Public Debt
NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision
At MAN AGM In Kano, Manufacturers Throng Dangote Pavilion Over ‘Peoples IPO’
NLC President Ajaero: It Is Wrong to Negotiate Minimum Wage Without Minimum Pension
Prof Yusuf Adamu Delivers BUK’s 63rd Professorial Inaugural Lecture, Reflects on Medical Geography and Academic Legacy
Zamfara Varsity ASUU Threatens Warning Strike Over FG-ASUU Agreement, Promotion Arrears
Bello Sharada: A Great Writer, A Bookish Soul, Gone Too Soon
Kano Chemists Threaten Warning Strike Over Alleged PCN Pressure
Per Ishaq Samaila: “Waziri” for Strategy. “Mai Jama’a” for Service. One Man. One Mission. Ibrahim Kabir Masari
Court Ultimatum Forces FBI to Hand Over Tinubu’s Fraud Records to Judge—But Keeps Them Hidden from Public
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