COVER
Emefiele: INEC Considering Moving Its Materials from CBN—Yakubu

.Says Commission Mindful of Integrity Breach
.APC Chairmanship Aspirants Bicker over Non-refund of N20m Nomination Fee
.Mull Taking their matter to Buhari as Adamu Shuns their Written Appeal
By Jude Opara, Abuja and Dan Amasingha, Minna
As Nigerians continue to express concern over the surprise involvement into partisan politics by the governor of the Central Bank of Nigeria (CBN), the Independent National Electoral Commission (INEC) yesterday disclosed that it was considering moving its sensitive and non sensitive electoral materials from the Central Bank of Nigeria, (CBN) which is under the custody of the the now politically exposed Godwin Emefiele, the governor in order to ensure their safety and integrity.
INEC Chairman, Prof. Mahmood Yakubu disclosed on Thursday during the Second Quarter of the Consultative meeting with media executives at the National headquarters of the Commission in Abuja.
The national electoral body usually secures its materials in the CBN offices across the country, a development that has made some stakeholders to question the safety and security of the materials with Emefiele joining the race for the presidential ticket of the ruling All Progressives Congress (APC)
The INEC boss who was answering a question concerning the security of the items, however, assured that the Commission has never had any cause to worry about the security of the materials in the custody of the apex bank.
Nevertheless, he said if need be, following the apex bank’s incursion into politics, INEC would consider alternative means of safe keeping the materials in order to ensure the confidence of all political stakeholders.
On the efforts being made to ensure the conduct of a free and credible election in 2023, the INEC Chairman explained that the Commission was living nothing to chance including the periodic training and retraining of its staff and constant engagements with stakeholders including the media, security agencies and Civil Society Organizations (CSOs).
“Based on the provisions of the Electoral Act 2022, the Commission released the Timetable and Schedule of Activities for the 2023 General Election over two months ago. Since then, the official notice for the election has been published as required by law. Similarly, all the 18 political parties in Nigeria have forwarded the schedules for the conduct of their primaries to the Commission and some have commenced the process of choosing their candidates by conducting Ward and Local Government congresses.
“Beyond the conduct of primaries by political parties, the Commission is required to make Regulations and Guidelines for the implementation of the provisions of the Electoral Act. I am glad to report that the Commission will finalize the document next week to guide the conduct of future elections, including the forthcoming Ekiti and Osun Governorship elections as well as the 2023 General Election”.
He equally gave insight into what is being done to conduct credible elections in Ekiti state next month and Osun in July, saying, “With regard to the Ekiti and Osun Governorship elections, the Commission is processing applications by media organizations for accreditation. I wish to reassure you that all applications will be carefully considered and expeditiously treated. The Commission will also work with the security agencies to ensure the safety and security of journalists and their unimpeded access to all voting and collation locations during elections.
“The Commission has finished the configuration of the BVAS for the Ekiti State Governorship election. To further ensure optimal performance of the BVAS on Election Day, the Commission will undertake a mock voter accreditation exercise in Ekiti State ahead of the main election on 18th June 2022, the details of which will be announced shortly”.
The President of the Nigeria Union of Journalists (NUJ), Chris Isiguzo reassured the Commission of the readiness of the media to continue to partner with it in ensuring that adequate information on its activities was disseminated.
Isiguzo also cautioned the media practitioners to always be factual in their reportage.
APC Chairmanship Aspirants Bicker over Non-refund of N20m Nomination Fee
Meanwhile a crisis of confidence is brewing in the ruling All Progressives Congress (APC) ahead of its presidential primary as it is yet to refund the N20million nomination fee it collected from aspirants who vied for the position of the national chairmanship of the party on March 26, against Senator Abdullahi Adamu, who emerged by consensus arrangement. It could be recalled that President Muhammadu Buhari who doubles as the leader of the party had goaded all other aspirants to queue behind his preferred aspirant, Senator Adamu.
It elicited grumble from the other aspirants and party chieftains and by way of damage control, the president stipulated that the party would refund all other aspirants, the N20million they paid for the forms. Some of the aspirants who coughed out N20million to contest for the position are worried that the party has moved on without looking at their direction anymore, especially as Buhari further directed the Caretaker Extraordinary Convention Planning Committee (CECPC), headed by Governor Mai Mala Buni of Yobe state to ensure the refund
DAILY ASSET investigation revealed that the situation is causing a palpable tension in the party as some of the former chairmanship aspirants who were prevailed to step down for consensus candidate, Alhaji Abdullahi Adamu are getting agitated.
Their abandonment is contrary to a directive given by President Buhari sequel to the brokering of a consensus chairmanship arrangement.
Among those who were in the national chairmanship race with the current national chairman, Abdullahi Adamu, were former Nasarawa state, Governor Tanko Almakura, Mr Salihu Mustapha from Kwara State, Senator Sani Musa and Mohammed Etsu both from Niger state, Mr Abdul Aziz Yari from Kebbi state and Mr George Akume from Benue state.
Each of the aspirants had paid the non-refundable fee of N20million before President Buhari persuaded them to step down for Senator Adamu as a his preferred choice.
Having waited without any refund, DAILY ASSET made representations in writing to the new leadership of the party and got no response.
“We have written to the chairman reminding him of the presidential directive, but nothing has been heard from him, ” Mohammed Etsu said.
Etsu disclosed that Adamu has neither replied the letters sent to him nor communicated with any of them verbally.
Asked what step they will take he said: “We might be forced to take the case back to President Muhammadu Buhari since he gave the directive.”
COVER
FAAC: FG, States, LGCs Share N1.681trn April Revenue

By Tony Obiechina, Abuja
A total sum of N1.681 trillion, being April 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.According to a statement by the OAGF Director of Press and Public Relations, Bawa Mokwa during the weekend said the revenue was shared at the May 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
The N1. 681 trillion total distributable revenue comprised distributable statutory revenue of N962.882 billion, distributable Value Added Tax (VAT) revenue of N598.077 billion, Electronic Money Transfer Levy (EMTL) revenue of N38.862 billion and Exchange Difference N81.407 billion.A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N2,848.721 trillion was available in the month of April 2025. Total deduction for cost of collection was N101.051 billion while total transfers, interventions, refunds and savings was N1066.442 billion. According to the communiqué, gross statutory revenue of N2,084.568 trillion was received for the month of April 2025. This was higher than the sum of N1,718.973 trillion received in the month of March 2025 by N365.595 billion. Gross revenue of N642.265 billion was available from the Value Added Tax (VAT) in April 2025. This was higher than the N637.618 billion available in the month of March 2025 by N4.647 billion. The communiqué stated that from the N1,681. 228 trillion total distributable revenue, the Federal Government received a total sum of N565.307 billion and the State Governments received a total sum of N556.741 billion.The Local government Council received N406.627 billion, while the sum of N152.553 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.On the N962.882 billion distributable statutory revenue, the communiqué stated that the Federal Government received N431.307 billion and the State Governments received N218.765 billion.The Local Government Councils received N168.659 billion and the sum of N144. 151 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.From the N598.077 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N89.712 billion, the State Governments received N299.039 billion and the Local Government Councils received N209.327 billion.A total sum of N5.829 billion was received by the Federal Government from the N38.862 billion Electronic Money Transfer Levy (EMTL). The State Governments received N19.431 billion and the Local Government Councils received N13.602 billion.From the N81.407 billion Exchange Difference, the communiqué stated that the Federal Government received N38.459 billion and the State Governments received N19.507 billion.The Local Government Councils received N15.039 billion, while the sum of N8.402 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.In April 2025, Petroleum Profit Tax(PPT), Oil and Gas Royalty, Electronic Money Transfer Levy (EMTL), Value Added Tax (VAT), Excise Duty, Import Duty and CET Levies increased significantly while Companies Income Tax (CIT) decreased considerably.COVER
Tinubu Meets Catholic Bishops in Rome, Seeks Unity in Diversity

By David Torough, Abuja
President Bola Tinubu has urged Nigerians to use their diversity for the country’s stability and rapid development.In a statement by the Special Adviser to the President on Information & Strategy, Bayo Onanuga said Tinubu spoke on Sunday in Rome when he received members of the Catholic Bishops’ Conference of Nigeria.
The President also issued a stirring call to leaders at all levels to work for the betterment of the citizenry. Tinubu, a Muslim, said, “If we use our diversity not for adversity but for prosperity, the country’s hope is stability and progress.”He described it as historic, being the President of Nigeria when a new Pope was inaugurated in Rome.The Catholic bishops were part of President Tinubu’s delegation to attend Pope Leo XIV’s installation mass on Sunday.Archbishop Lucius Ugorji, Archbishop of Owerri and President of the Catholic Bishops’ Conference of Nigeria, thanked President Tinubu for facilitating their visits to the Vatican to bury the late Pope Francis and witness the inauguration of Pope Leo XIV.He said the development signalled a new era of a more robust relationship between the President and the Catholic Bishops’ Conference.”You are always there for us. Now that you have come to the Vatican, whenever we have our conference in Nigeria, we will also invite you, and we look forward to interfacing with you just as you were able to do with the Holy Father,” he said.Archbishops Ignatius Kaigama of Abuja, Alfred Martins of Lagos, and Mathew Hassan Kukah, the Catholic Bishop of Sokoto Diocese, attended the meeting with the President.‘I’m the Head of Nigerian Delegation,’ Tinubu Tells Obi, Fayemi at VaticanPresident Bola Tinubu, Labour Party presidential candidate in the 2023 election, Peter Obi and a former Ekiti State Governor, Dr Kayode Fayemi, met briefly at the installation mass of Pope Leo XIV held on Sunday at the Vatican, Rome.The encounter, which drew attention on social media after it was shared by presidential aide Bayo Onanuga on X, took place during the religious ceremony attended by dignitaries from around the world.According to Onanuga, Fayemi first spotted Tinubu seated with other global leaders and urged Obi to join him in greeting the Nigerian leader.“Fayemi sighted President Tinubu, where he sat with other leaders and asked Obi to follow him to pay homage to the Nigerian leader. Obi agreed,” he posted.Upon reaching the President, Fayemi made a light-hearted remark to ease the atmosphere, saying, “Mr. President, welcome to our church, and thank you for honouring the Pope with your presence.”Tinubu immediately responded, “I should be the one welcoming you and Peter. I’m the head of the Nigerian delegation.”The President’s humorous response reportedly sparked laughter from Obi, who replied in agreement: “Yes, indeed. We are members of your delegation.”The interaction stood out for its symbolic significance, coming after the fiercely contested 2023 presidential election which saw Tinubu of the All Progressives Congress declared winner over Obi, the LP candidate.Both Fayemi and Obi are known to be devout Catholics and Papal Knights, an honour conferred by the Vatican on distinguished members of the Catholic Church.COVER
Bloody Weekend: Herdsmen Kill 15 in Benue, Boat Mishap Claims 27 in Kwara

From Attah Ede, Makurdi, Samuel James, Ilorin and Dan Amasingha, Minna
Again, no fewer than 15 people were reportedly killed while several others sustained various degrees of injuries in a renewed attack by suspected armed herdsmen in Ogwumogbo and Okpo’okpolo communities in Agatu Local Government Area (LGA) of Benue State.
According to a source, the attack started on Saturday evening and continued into Sunday morning, two weeks after a similar assault in Otobi-Akpa community in Otukpo LGA, where a district head of Agatu living in Otukpo local government area with seven others lost their lives. The source, who spoke to DAILY ASSET on phone on condition of anonymity, said 15 persons were killed in Ogbayi and Ogwumogbo communities respectively.”There was a small stream there, called Abekoko, one Ali from Ogwumogbo and 14 others whose names were not known yet, were killed”.“Our farming communities are now deserted, with residents fleeing to neighboring areas in search of safety.“The situation is dire, especially for women and children, who are urgently in need of assistance.”We call on the Benue State Governor, His Excellency, Rev. Dr. Fr. Hyacinth Iormem Alia as well as security personnel, to kindly swing into action to put an end to this unfortunate massacre of our people by criminal herders”, the source said.The Chairman of Agatu Local Government Council could not be reached for comment.However, a close aide to the council chairman told newsmen on phone that his principal could not be reached because he was far away attending the burial of those killed by the herders.The Aide, who spoke on condition of anonymity said the situation is pathetic, painful and a distraction of peace currently being enjoyed in Agatu area.”My chairman is pained over this latest killing because it was uncalled for, hence the relative peace and tranquility in our area since the beginning of year.”I can confirm to you that 15 people were killed in Ogbayi and Ogwumogbo communities in Agatu by armed herders.The chairman of Agatu Local Government Council Melvin James Ejeh who later confirmed the incident, said he was speechless.”I’m too emotional to speak about this incident. This is the first time we are witnessing this, since I became Chairman; I’m sad – Chairman”The attack was unprovoked. I thank the Benue State Governor Rev Fr. Hyacinth Alia for his quick intervention and also the security personnel who have been drafted to the area to forestall further attack”, the Aide said.When contacted, the chairman of Miyietti Allah Cattle Breeders Association of Nigeria(MACBAN) Benue State chapter, Mohammed Risku, said he was in a meeting and promised to call back.Benue State Command Police Public Relations Officer (PPRO), Catherine Anene, said the command was yet to receive any report concerning the attack.Boat Mishap Claims 27 Passengers in KwaraTwenty seven people have reportedly died in a tragic boat mishap in Kwara State.The passengers were returning from a market trip in Niger State when the incident occurred.The tragedy happened barely seven months after over 100 villagers lost their lives in a boat in Gbajibo community in Kaiama Local Government Area of Kwara State.According to eyewitnesses and a survivor, the accident was said to have occurred at night three days ago due to overloading.They said the total number of the passengers onboard was uncertain as the boat was designed to carry 100 passengers but often carried nearly 300 passengers during dry and rainy seasons.It was added that a heavy storm of the impending rain might have contributed to the mishap.While confirming the incident, the Chairman of Kaiama Local Government, Abdullah Danladi, who led a government delegation to commiserate with the families of the victims, warned that the government would no longer tolerate the yearly reoccurrence of such tragedies.The Chairman however announced plans to set up a committee to enforce strict compliance with life jacket usage and ban night travel on local boats in the area.In addition, the Emir of Kaiama, His Royal Highness Muazu Umar, pledged to intensify public enlightenment campaigns to ensure passengers and boat operators adhere to water travel safety standards.Seven die in Niger Truck AccidentAn early morning Sunday truck accident at Essa, along the Agaie- Badeggi federal highway in Katcha local government area of Niger State has claimed seven lives.Confirming the accident, Niger State Emergency Management agency said the articulated vehicle was heading to the northern state of Kano from Lagos.The truck was carrying federal government grains and some passengers numbering 36, all male and was heading to Kano from Lagos.The accident occurred at about 3:00AM on Sunday, and was attributed to failed portions of the road that were yet to be reconstructed on Lambata -Bida axis.As of the time of filing this report, 7 people were confirmed dead, 11 people with a severe degree of injuries, while 5 people sustained minor injuries. Some of the injured were taken to Badeggi and Agaie health centres, and others were taken away by their fellow colleagues.Most of the dead passengers were also taken away by their relatives.Search and rescue operations were carried out by Nsema alongside commuters and some villagers near the scene of the incident.The DG NSEMA, Abdullahi Baba Arah, caution road users to be conscious of the rainy season as they traverse the country, especially articulated truck drivers.