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FG Begins Investigation into US Security Alert Source

By Ubong Ukpong & Laide Akinboade, Abuja
Defence Minister, Maj-Gen Bashir Magashi (rtd), yesterday disclosed that the nation’s defence and intelligence community was verifying the source of security threat alert in the country, recently issued by the United States government.
Magashi made the disclosure when he appeared before the House of Representatives Committee on Defence, to defend the 2023 budget proposals of his ministry.
Only on Oct. 23, the US Mission in Nigeria had issued a security alert over the risk of terror attacks in Nigeria, especially in the Federal Capital Territory, (FCT).
However, the minister, who assured that the ministry would not take the threat lightly, said, “the ministry is trying to verify the source of the threat as well as countries that are also interested in the remarks made by the U.
S. government,” he said.He promised not to take the current security alert threat lightly, saying security in Abuja is being beefed up in the FCT and other neighboring states of Nasarawa and Niger.
“We believe that there is no smoke without fire and in that regard, we were able to subject the details to our intelligence organisations and they have provided answers to those areas which the government demands,” he said.
Magashi said government realised that what it needed was to be extra vigilant to prevent any activities of bandits and where the threat was likely to come so that it could be neutralised.
The minister urged the U.S. government to always provide such information to the ministry instead of going public to avoid causing confusion among the people.
On his part, Chairman, House Committee on Defence, Hon Babajimi Benson, said the house had embarked on enacting innovative legislations designed to strengthen the defence sector.
He expressed satisfaction with the level of successes recorded so far in the fight against insecurity in the last five months.
This according to him is a proof with the level of professionalism displayed by the military, while assuring that adequate funds would be allocated to the defense sector in the 2023 budget.
FCTA Assures Abuja Residents of Safety
The Federal Capital Territory Administration (FCTA) Executive Committee, has reassured residents of the Abuja of their safety, insisting that adequate security arrangements have been made to maintain law and order in Abuja.
The EXCO, which issued this promise during its 12th Meeting in Gwarinpa I District, Abuja, said the government has made all necessary arrangements in collaboration with security agencies to protect lives and property of all people.
The EXCO noted that though the Advisory has generated tensions, fear, and panic among residents, the security agencies are combing the nooks and crannies of the Territory to fish out criminals and other persons wishing to truncate the peace and tranquillity of the FCT.
“Even before the issuance of the advisory, the security agencies have maintained and upscale surveillance through their personnel within the Federal Capital City to ward off any security breach,” the EXCO stated.
It reiterated that the procurement and distribution of sixty operational vehicles fitted with state-of-the-art equipment to security agencies by the Administration are strategically done to assist and enhance their performance.
The EXCO recalled that the Minister of the Federal Capital Territory, Mallam Muhammad Musa Bello, had earlier convened an emergency security meeting were issues concerning the security alert given by some embassies in Abuja, to their citizens were exhaustively discussed and measures are taken to sustain the current state of security and prevent any breach.
The meeting, however, urged residents to cooperate at all times with the security agencies by volunteering useful and timely information that will assist in nipping any form of criminality in the bud.
The Committee, therefore, enjoined residents to install Close-Circuit Television (CCTV) in public places and buildings, to complement ongoing efforts by the government at tackling the prevailing security challenges in the country in line with National Security Council advice.
The installation, will no doubt, enhance surveillance and deter criminal activities around the Federal Capital City, Abuja,” the EXCO emphasized.
The EXCO noted that the first phase of the joint security operation by G-7; being states that are contiguous to the FCT, which ended on the 25th of October, this year, recorded a remarkable success, especially with the arrest of bandits and rescue of kidnapped victims.
Today’s FCT EXCO meeting was presided over by the FCT Permanent Secretary, Mr Olusade Adesola, who represented the FCT Minister, Mallam Muhammad Musa Bello and attended by the Chief of Staff to the FCT Minister, Mallam Bashir Mai-Borno, Secretaries of Mandate Secretariats, AMMC Coordinator among others.
It would be recalled that last week, there were series of security advisories issued by some embassies in Abuja warning their citizens to avoid public places in the nation’s capital.
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Veritas Kapital Records N13.6bn Premium in 2025
Veritas Kapital Assurance Plc has reported an eight percent rise in Gross Written Premium to N13.6 billion in the first half of the year.Managing Director of Veritas Kapital Assurance, Dr. Adaobi Nwakuche disclosed this in a statement on Wednesday in Lagos.Nwakuche said the performance reflected strong market presence and effective distribution channels.
She noted that Net Insurance and Investment Income surged by 244 per cent to N5. 2 billion, from N1.52 billion recorded in the full year 2024.According to her, Profit After Tax reached N3.2 billion, already surpassing the company’s total earnings for the full year 2024.“These results affirm the strength of our values-driven model, built on our people’s dedication, a clear strategy, and unwavering focus on customer value,” she said.Nwakuche said Total Assets rose by 11 per cent to N37 billion from N33.1 billion in 2024, showing improved financial health and operational efficiency.She added that shareholders’ funds increased to N15.1 billion from N11.92 billion in 2024, underscoring investor confidence and sound governance.“This performance is the result of disciplined underwriting, investment optimisation, expanded digital capabilities, and strong customer-focused service delivery.“The H1 2025 results go beyond growth. They show Veritas Kapital’s evolving role as a partner in progress, delivering solutions relevant to individuals, businesses, and communities. “Each figure tells a story of protection delivered, promises honoured, and futures secured. We are building trust, not merely growing profits,” Nwakuche said.She added that as Nigeria adapts to new economic realities, Veritas Kapital is charting a course defined by agility, innovation, and intentionality.The company, she said, is investing in digital access, claims responsiveness, and talent development, while reinforcing its core values of integrity, transparency, and service.COVER
FG Disburses N5.12bn Pension Arrears to 90,689 DBS Pensioners

By Tony Obiechina, Abuja
The Federal Government has released funds for the disbursement of N5.12 billion in pension arrears to 90,689 Defined Benefit Scheme (DBS) pensioners under the Pension Transitional Arrangement Directorate.This was contained in a statement by the Head of Corporate Communications of PTAD, Olugbenga Ajayi.
He said that the directorate had finalised the disbursement of the money. The Nigeria Customs Service, the Nigeria Immigration Service, and Prisons Pension Department (CIPPD) pensioners are 8,626, received N276,032, for one-month arrears; the Police, Pension Department (PPD) pensioners are 9,681, received N619,584, for two months as arrears. The Civil Service Pension Department (CSPD) pensioners are 12,773, received N408,736, for one-month arrears, and the Parastatals Pension Department (PAPD) pensioners are 59,609, received N3,814,He said that the payment reaffirms the administration’s commitment to ensuring that pensioners receive their due entitlements in line with the Renewed Hope Agenda of President Bola TinubuAccording to the statement, the approvals align with the President’s Renewed Hope Agenda.“This move shows President Tinubu’s strong commitment to senior citizens’ welfare and marks a new era in DBS pension management,” said PTAD, Executive Secretary, Tolulope Odunaiya.Among the key measures is the immediate implementation of an extra budgetary allocation to enforce new pension rates for DBS pensioners.The President also endorsed the adoption of a proposed pension harmonisation policy, which will be incorporated into the 2026 pension budget. Additionally, health insurance coverage for all DBS pensioners has been approved, ensuring access to essential healthcare services.The proposed reforms include a new pension rate of N32,000 and incremental increases of 10.66% and 12.95% for pensioners from defunct and privatised agencies. Other components of the reform package include harmonisation of pension rates across all DBS pensioners and their enrolment into the National Health Insurance Scheme (NHIS).In June, PTAD announced the successful disbursement of N8.6 billion in pension arrears to 148,625 eligible DBS pensioners across various sectors. The payments reflect the implementation of the N32,000 pension increment approved by President Tinubu in 2024.PTAD had previously settled arrears related to the first pension increment of 20% to 28%, which came into effect in January 2024.COVER
NAF Offensive Decimates 592 Terrorists, Destroys 372 Assets in Eight Months

By David Torough, Abuja
The Nigerian Air Force (NAF) has killed no fewer than 592 terrorists and destroyed 372 enemy assets in Borno within the last eight months, surpassing the total operational gains recorded in 2024.A statement by NAF’s spokesman, Air Commodore Ehimen Ejodame yesterday said the Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, said this during a courtesy visit to Gov.
Babagana Zulum of Borno. Abubakar said the offensive had destroyed 206 technical vehicles and 166 logistics hubs in deep hostile territory, with coordinated day-and-night strikes from Gonori to Rann, Dikwa to Damboa, Azir to Mallam Fatori.He said the offensive had been boosted by the deployment of A-29 Super Tucano aircraft capable of precision and night missions, Mi-171 helicopters for medical evacuation and logistics, and enhanced intelligence, surveillance and reconnaissance platforms for round-the-clock target tracking.He added that a new Mi-35 gunship was expected to further intensify close-air support for ground troops in the theatre.“Backed by an upgraded fleet and precision night-strike capabilities, NAF aircraft executed 798 combat sorties, clocking over 1,500 operational flight hours in the Air Component of Operation Hadin Kai.“This year, our air war is faster, sharper, and more surgical.“We are taking out high-value targets, crippling their logistics, and hunting down every cell that threatens the peace of the North-East,” he said.The CAS also praised the “Borno Model” of combining community-driven non-kinetic measures with decisive military action, saying it had proven effective in the counter-insurgency campaign.He also inspected facilities at the NAF Base, met with aircrew and ground personnel, and received operational briefings.He reaffirmed the NAF’s commitment to precision air power, intelligence-led operations, and inter-agency collaboration to protect Nigerians.In his response, Gov. Zulum praised the NAF for its sustained air support in degrading terrorist capabilities and protecting communities.According to him, the NAF has been a steadfast partner in their fight against insurgency.“Your operations have saved countless lives and allowed our communities to begin rebuilding.“The people of Borno recognise your sacrifices and stand firmly behind you,” he said.