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Nigeria’s debt stock hits N121trn – DMO

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The Debt Management Office (DMO) says Nigeria’s total public debt stock hit N121.67 trillion (91.46 billion dollars) in March.

The Director-General of the DMO, Patience Oniha, made this known in a statement on Friday in Abuja.

Oniha said that the debt stock comprised the total external and domestic debts of the Federal Government, the 36 state governments, and the Federal Capital Territory (FCT).

According to her, the total domestic debt, as at March, was N65.65 trillion (46.29 dollars), while the total external debt was N56.02 trillion (42.12 billion dollars).

She said that the comparative figure of the total debt stock for December 2023 was N97.34 trillion (108.23 billion dollars).

She said that the increase in the total debt stock was informed by growth in the domestic component of the debt to bridge deficit in the 2024 budget, and instability in the foreign exchange market during the first quarter.

“Excluding Naira exchange rate movements in the first quarter of 2024, only the domestic debt component of the total debt stock grew from N59.12 trillion on Dec. 31, 2023 to N65.75 trillion on March 31.

“The increase was from new borrowing to part-finance the 2024 budget deficit and securitisation of a portion of the N7 3 trillion Ways and Means advances at the Central Bank of Nigeria (CBN),” she said.

She said that improvement in government revenue would go a long way in ensuring debt sustainability, while borrowing, as provided in the 2024 budget would continue.(NAN)

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Tinubu vows severe punishment for Plateau attackers, condoles victims family

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President Bola Tinubu has promised that the gunmen who killed many people in communities in Plateau State will be apprehended and face severe punishment under the law.

The President extended his condolences to the families of the victims in Ruwi, Hurti, and Tadai communities in Bokkos Local Government and those from Manguna and Dafo villages, where the gunmen launched brutal attacks, resulting in the loss of lives and the destruction of properties.

President Tinubu in a statement by his spokesman, Bayo Onanuga, also commiserated with the Government of Plateau State and Governor Caleb Mutfwang.

He urged the affected communities to cooperate with the authorities and security agencies by volunteering information to catch the perpetrators and secure their communities.

He assured Governor Mutfwang of his support in ending this spate of wanton bloodletting on the Plateau.

He directed the National Emergency Management Agency to work with state authorities to provide necessary support to the victims and bring immediate relief to the affected communities and those wounded during the attacks. NEMA will work closely with the state to ensure that affected communities rebuild and recover.

The President stated: “The report of another violent attack in communities in Plateau State by mindless gunmen saddens me. The latest attacks on defenceless citizens are unacceptable. I have directed security agencies to hunt down the attackers, and they will face severe punishment when apprehended. These intermittent attacks should have no place in our country at a time when we are working so hard to restore peace and order in all parts of our country. This unfortunate incident will never dampen and slow us down in our duty to protect every Nigerian citizen. Instead, we will work harder to exterminate forces of evil wherever they are lurking in our country.

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“Our thoughts and prayers are with the victims’ families and all those affected by this senseless violence.  No community should have to endure such tragedy. We all must unite to foster peace and stability. I urge all citizens—regardless of ethnic, religious, or political affiliations—to uphold the shared humanity that binds us all, embrace peace and reject retaliation.”

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Rising Tensions in Kano as Police Summon Sanusi for Interrogation

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Kano is currently experiencing heightened tensions following a formal request from the Inspector General of Police (IG), Kayode Egbetokun, for Muhammadu Sanusi II, the 16th Emir of Kano, to appear at the Force Intelligence Department (FID) headquarters in Abuja on Tuesday, April 8, 2025.

Speculation surrounds this invitation, with many believing it may be linked to an attack on the Emir’s entourage during recent Sallah celebrations. The state police have detained Usman Sagiru in connection with the alleged murder of vigilante member Surajo Rabiu, which occurred during the assault on Emir Sanusi II’s entourage.

Additionally, another vigilante, Aminu Suleman, was injured in the incident and subsequently taken to Murtala Muhammed Specialists Hospital in Kano for treatment. According to SP Abdullahi Haruna, the state police command spokesman, the violence erupted while local guards were escorting the Emir’s entourage from the Kofar Mata Eid prayer ground after the observance of the two rakat eid-el-fitr prayers.

The invitation letter, dated April 2, 2025, and referenced with number CR:3000/FID/FHQ/ABJ/VOL59/697, was issued by Commissioner of Police Olajide Rufus Ibitoye on behalf of the Deputy Inspector-General of Police for the FID in Abuja. The letter states: “I have the directive of the Inspector-General of Police, through the Deputy Inspector-General of Police, Force Intelligence Department (FID), to invite you for an investigative meeting regarding an incident that occurred during the Sallah celebrations within your domain.”

The official summons has ignited apprehension throughout Kano City and surrounding areas, with some locals interpreting it as a potential attempt by the federal government to impose a state of emergency in the region. A resident from the Dorayi quarters, who requested anonymity, remarked, “We perceive this invitation as an affront to our traditional institution and an effort to intimidate our Emir by the police, who failed to ensure our safety on Sallah day.”

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He urged President Bola Tinubu and the federal government to prevent the police from instigating unrest in Kano State. Another anonymous resident expressed worries that the invitation could escalate tensions and possibly lead to a state of emergency. “What transpired on Sallah day was not a Durbar but rather a customary procession of the Emir from his palace to the Mosque, where it is normal for him to ride a horse, rather than walk,” he stated.

He cautioned against disrupting the peace in Kano, asserting, “Summoning Emir Muhammadu Sanusi II over trivial matters constitutes a violation of his fundamental human rights, and it will be met with resistance from the community.”

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Ken Nnamani Denies Pleading With Abbo On Judge’s Behalf

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Ken Nnamani, a former president of the senate, says he did not beg Elisha Abbo, a former senator representing Adamawa north, on behalf of any judge after the ex-lawmaker lost his election case in court.

In October 2023, the court of appeal sacked Abbo and declared Amos Yohanna, candidate of the Peoples Democratic Party (PDP), as the winner of the Adamawa north senatorial election.

Appearing on Channels Television on Wednesday, Abbo said he was a victim of “miscarriage of justice”.

The former senator said Nnamani pleaded with him on behalf of a judge after he lost his election case in 2023.

Reacting in a statement, the former senate president described Abbo’s claim as “blatant lies”.

“My greatest surprise was to hear him state that Senator Ken Nnamani visited him to plead with him on behalf of a judge for the miscarriage of justice. This statement is a blatant lie. I do not know how Senator Abbo can boldly fabricate an event that never happened to buttress his allegation of judicial miscarriage against him,” he said.

“For the avoidance of doubt, I have never visited Senator Elisha Abbo at his house or anywhere. Up to this moment, I do not know where he lives. I have never discussed with him about his case, or any case pending or decided by any court of law in Nigeria.

“The only time I met with him was when he visited me in my house. It was more of a social visit by him. At this meeting, we never discussed his case or any case. I recall that when the matter of his political career came up, I advised him to avoid controversies as a young politician.

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“The statements Senator Abbo made regarding me and his case are all fabrications. I believe I have had a sterling and distinguished public service career. I am determined to maintain my integrity and commitment to excellence till the end of my life.”

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