NEWS
Reps Query NIPOST over Irregularities, N10bn Withdrawal

By Ubong Ukpong, Abuja
The House of Representatives Committee on Finance on Wednesday queried irregularities in the registration of subsidiary companies under the Nigerian Postal Service (NIPOST).
Chairman of the committee, James Abiodun Faleke (APC, Lagos) issued the query when the Ministry of Finance Incorporated (MOFI) alongside other agencies appeared before the committee for an interactive session on the 2024-2026 Medium Term Expenditures Framework/FSP.
Speaking during the session, Faleke noted that documents before the committee showed that two subsidiary companies under NIPOST were registered under individual names as shareholders instead of the Federal Government, wondering why that was so since NIPOST is a federal government asset.
He said the registration of the two subsidiary companies namely, NIPOST Property Company Ltd and NIPOST Logistics were done with individuals as shareholders.
Faleke also raised issues over the approval and withdrawals of N10 billion for the purpose of the registration of the subsidiary companies.
“Is NIPOST part of your asset? I have a document before me. The registration of NIPOST Property Development Company Ltd. I saw that the shareholders of these companies are individuals. Okoh Alexander Ayoola, Adeyemi Alexander, Aliyu Halima; these are personal names. Are people allowed to register NIPOST property in their personal names?
“I also have NIPOST Logistics also registered in personal names. I want to know from you; did you give CAC permission to register Nigerian assets in personal names; some of them were working as civil servants and some of them have retired.
“Are you also aware that N10 billion was approved and withdrawn to be used for the setup of these entities and that same N10 billion came in and also went out in the name of NIPOST from an account opened as NIPOST Property; Are you aware of that”, Faleke queried.
Responding, the Chief Executive Officer of MOFI, Dr Armstrong Takang, admitted there were irregularities within the system and that he needed the support of the committee to address them.
“The question you raised is precisely why this committee needs to partner with us in addressing irregularities in our system. That is one example, there are many cases. The simple answer is simply no; for a federal government entity, the shareholders must be registered under MOFI.
“This was recently brought to my attention and we are on it. We have sent a letter to CAC through the Federal Ministry of Finance that they should not register any shareholder in a government entity other than MOFI. That is the only way in the eyes of the law that the government can claim such property. We did also indicate in that letter that whenever anyone wants to register a commercial entity for the FG, they ought to request for a letter of no objections from MOFI to ensure that the registration process does not in any way undermine what the law states as far as ownership of government interest is. Clearly, that is what that is”, he said.
On the issue of N10 billion reportedly approved and withdrawn for processing the NIPOST subsidiary companies, Takang said the Bureau of Public Enterprises (BPE) would be in the best position to answer that.
He said, “I will defer that question to BPE because BPE supervised the process for unbundling of NIPOST to those two entities which is Logistics Company and Property Development Company.
Earlier in his opening remarks, Faleke said the federal government must not accept laxity on the part of any agency or representative acting on its behalf in signing deals that affect the country.
He said the interactive session with the Agencies and stakeholders on government finances was to ensure the passage of the MTEF/FSP before the presentation of the 2024 annual budget.
Faleke said, “The MTEF is the very basis of the annual budget which is itself the backbone of the implementation of the Federal Government’s plans and policies.
“As the representatives of the Nigerian people, a position which we occupy in trust for them, we owe Nigerians the onerous responsibility of delivering the democratic dividends to the door steps of our constituents in line with our campaign promises.
“We can only achieve them through the powers bestowed on us by the Constitution of the Federal Republic of Nigeria (Amended) i.e. oversight, representation and law making. That is the gumption of the oath we took during inauguration of the 10th House of Representatives.
“As this is the first MTEF/FSP presented by the Administration of His Excellency, Bola Ahmed Tinubu, President and Commander in Chief of the Armed Forces, and received by this 10th Assembly, this interactive session is to familiarize ourselves, we the House Committee on Finance and all the various agencies who have significant inputs in the MTEF and the National Budget”
He noted that the sessions are expected to be held at least quarterly so that projections agreed upon are monitored and oversight reports laid before the House and Nigerians on the progress of the budget.
The Committee Chairman emphasised that revenue is crucial on the outcomes of the National budget.
He said the Committee has observed various factors that have caused shortfalls in expected revenues as well as charges to Government revenues from commitments by agencies of Government.
He added, “The Committee will not accept such laxity on the part of MDAs in not negotiating the best for the Country.
“The $11 billion P&ID fiasco is still fresh in our minds where the whole Country was almost held hostage to a fraudulent agreement.
“Another agreement signed on behalf of the Government by NBET and Azura Power has committed payments of over $30m per month.
“This agreement is dollar denominated and applicable even now in times of acute foreign exchange shortages.
“The Committee is committed to ensure value for money is attained in all Government agreements.
“Our revenues have been reducing over the years due to decreases in oil revenues which used to be our major earner. The Committee has vowed to get to the bottom of these oil shortfalls.
“The NNPC, our oil asset managers, give oil theft as the main cause; however, how are our marginal field operators performing vis-a-vis the various oil fields’ potentials?”
The Accountant General of the Federation, Oluwatoyin Madein who was present at the session, said the federal government was doing everything possible to block revenue leakages and shore up the revenue of the government to meet its needs.
NEWS
FG Imposes 7-year Ban on New Federal Tertiary Institutions

The Federal Executive Council (FEC) has approved a seven-year moratorium on the establishment of new federal tertiary institutions.
Dr Tunji Alausa, Minister of Education announced the approval, after Wednesday’s FEC meeting, presided over by President Bola Tinubu at the Presidential Villa, Abuja.
He explained the ban applies to all federal universities, polytechnics, and colleges of education.
According to Alausa, the decision aims to address systemic decay caused by unregulated expansion.
”What we are witnessing today is duplication of new federal tertiary institutions, a significant reduction in the current capacity of each institution, and degradation of both physical infrastructure and manpower.
”“If we do not act decisively, it will lead to marked declines in educational quality and undermine the international respect that Nigerian graduates command.”
“We are doing this to further halt decays in tertiary institutions which may in future affect the quality of education and consequently cause unemployment of graduates from some of these institutions.”
Alausa noted Nigeria currently has 72 federal universities, 108 state universities, and 159 private universities with similar trends in polytechnics and colleges of education.
He pointed to a growing mismatch between the number of institutions and available student enrollment.
He cited a northern university with fewer than 800 students but over 1,200 staff, calling it unsustainable.
The minister described the moratorium as a bold corrective measure by the Tinubu administration.
He said the government would now focus on upgrading existing institutions, improving infrastructure, boosting manpower, and increasing capacity.
“We need to improve the quality of our education system and increase the carrying capacity of our current institutions so that Nigerian graduates can maintain and enhance the respect they enjoy globally.”
The minister however announced that the Council approved 9 new private universities out of the 79 active requests pending applications.
”Several of these applications have been in the pipeline for over six years, with investors having already built campuses and invested billions of Naira,” he explained.
“Due to inefficiencies within the NUC, approvals were delayed. We have since introduced reforms to streamline these processes, and today’s approvals are a result of clearing this backlog.”
(NAN)
Foreign News
CAF Sanctions Kenya Again over Crowd Trouble

The Confederation of African Football (CAF) has sanctioned African Nations Championship (CHAN) co-host, Kenya, for the second time in as many weeks over security breaches.
In a statement made available on Monday evening, the continental governing body said that it has limited entry to the 48,000-seat Moi International Sports Centre.
It also said that, known as Kasarani Stadium, can accommodate 27,000 fans for Sunday’s Group A match between Kenya and Zambia.
CAF said only electronic ticket holders would be allowed into the stadium, with thermal tickets prohibited.
The governing body warned that Kenya’s matches could be relocated from Kasarani Stadium if organisers fail to prevent further breaches.
“We trust these measures will be applied swiftly to protect competition’s integrity, ensure fan safety, and uphold confidence in Kenya’s commitment to the tournament,” CAF said.
The sanctions follow incidents on Aug. 10 when Kenya defeated two-time winner Morocco 1-0 in spite of playing the entire second half with 10 men.
The win put Kenya top of Group A with seven points.
The debutants would reach the quarterfinals with at least a draw against winless Zambia.
Last week, Kenya’s football federation was fined nearly 20,000 U.S. dollars for security lapses during the team’s 1-0 win over DR Congo in the tournament opener on Aug. 3.
In the latest case, CAF cited major lapses, including stadium gates and restricted service areas being overrun by ticketless spectators and holders of government-distributed physical tickets.
It also accused security personnel of losing control at exit points and allowing breaches of the perimeter fence that enabled thousands of ticketless fans to enter.
CAF had expressed alarm over the use of tear gas and flash grenades, reports of live ammunition fired near spectators and staff, and violent incidents such as stone-throwing at security personnel.
It also cited unsafe vehicle movement in spectator areas, inadequate police response, and the lack of medical incident reports in spite of injuries being reported.
Organisers were further criticised for insufficient communication tools and the absence of CCTV coverage at critical entry points.
Education
Varsity Don Advocates Establishment of National Bureau for Ethnic Relations, Inter-Group Unity

By David Torough, Abuja
A university scholar, Prof. Uji Wilfred of the Department of History and International Studies, Federal University of Lafia, has called on the Federal Government to establish a National Bureau for Ethnic Relations to strengthen inter-group unity and address the deep-seated ethnic tensions in Nigeria, particularly in the North Central region.
Prof.
Wilfred, in a paper drawing from years of research, argued that the six states of the North Central—Kwara, Niger, Kogi, Benue, Plateau, and Nasarawa share long-standing historical, cultural, and economic ties that have been eroded by arbitrary state boundaries and ethnic politics.According to him, pre-colonial North Central Nigeria was home to a rich mix of ethnic groups—including Nupe, Gwari, Gbagi, Eggon, Igala, Idoma, Jukun, Alago, Tiv, Birom, Tarok, Angas, among others, who coexisted through indigenous peace mechanisms.
These communities, he noted, were amalgamated by British colonial authorities under the Northern Region, first headquartered in Lokoja before being moved to Kaduna.
He stressed that state creation, which was intended to promote minority inclusion, has in some cases fueled exclusionary politics and ethnic tensions. “It is historically misleading,” Wilfred stated, “to regard certain ethnic nationalities as mere tenant settlers in states where they have deep indigenous roots.”
The don warned that such narratives have been exploited by political elites for land grabbing, ethnic cleansing, and violent conflicts, undermining security in the sub-region.
He likened Nigeria’s ethnic question to America’s historic “race question” and urged the adoption of structures similar to the Freedmen’s Bureau, which addressed racial inequality in post-emancipation America through affirmative action and equitable representation.
Wilfred acknowledged the recent creation of the North Central Development Commission by President Bola Tinubu as a step in the right direction, but said its mandate may not be sufficient to address ethnic relations.
He urged the federal government to either expand the commission’s role or create a dedicated Bureau for Ethnic Relations in all six geo-political zones to foster reconciliation, equality, and sustainable development.
Quoting African-American scholar W.E.B. Du Bois, Prof. Wilfred concluded that the challenge of Nigeria in the 21st century is fundamentally one of ethnic relations, which must be addressed with deliberate policies for unity and integration.