News
DMO Lists Two FG Savings Bonds For Subscription

The Debt Management Office (DMO) listed two Federal Government of Nigeria savings bonds on Monday for subscription at N1,000 per unit.
They are the first offers in 2024.
According to News Agency of Nigeria (NAN), The first offer is a two-year savings bond due to mature on January 17, 2026 at 11.033 per cent per annum.
The second offer is a three-year savings bond due to mature on January 17, 2027, at an interest rate of 12.033 per cent per annum.
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Opening date for both offers is January 8, while the closing date is January12; settlement is January 17, and coupon payment dates are April 17, July 17, October 17 and January 17.
“They are offered at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50 million.
“Interest is payable quarterly while bullet repayment is made on maturity date,’’ the DMO stated.
The savings bonds, like all other Federal Government securities are backed by the full faith, credit of the Federal Government and charged upon the general assets of Nigeria.
“They qualify as securities in which trustees can invest under the Trustees Investment Act.
“They qualify as government securities within the meaning of the Company Income Tax Act and Personal Income Tax Act for tax exemption and pension funds, amongst other investments,’’ the DMO stated.
News
Otuaro Felicitates Tompolo On Honorary Doctorate Award

Administrator of the Presidential Amnesty Programme (PAP), Dr Dennis Otuaro has congratulated High Chief Government Oweizide Ekpemupolo, popularly known as Tompolo, on the conferment of an Honorary Doctorate of Laws (LLD) by the E.K. Clark University.
Otuaro described the recognition as well-deserved and befitting, noting that Tompolo has, over the years, demonstrated uncommon commitment to the peace, progress, and stability of the Niger Delta and Nigeria at large.
According to him, Tompolo’s role in sustaining peace in the region, particularly through his steadfast support for dialogue, community engagement, and nonviolent approaches to conflict resolution, has made a significant contribution to national security and economic stability.
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He further noted that, beyond his contributions to peacebuilding, Tompolo has demonstrated extraordinary compassion, philanthropy, and devotion to humanitarian causes.
He added that his investments in youth empowerment stand as clear evidence of a man whose heart is truly with his people.
“Tompolo’s good heart, generosity, and love for humanity distinguish him as a leader of rare character,” Otuaro said.
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The PAP Administrator commended E.K. Clark University for identifying and honouring a personality whose impact continues to resonate across the Niger Delta and beyond.
He urged other institutions to emulate such gestures that celebrate individuals advancing society through selfless service.
Dr Otuaro prayed for God’s continued guidance, long life, and strength for High Chief Ekpemupolo as he continues to serve the Niger Delta and Nigeria with dignity, wisdom, and compassion.
News
JUST IN: Defence Minister, Badaru Mohammed Resigns

The Minister of Defence, Mohammed Badaru, has resigned his appointment with immediate effect.
His resignation was contained in a letter addressed to President Tinubu and dated December 1.
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The Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed this on Monday.
The presidential spokesman said Abubakar resigned on health grounds.
News
Police Deny Opening Recruitment Portal, Warn Nigerians Against Fake Adverts

The Police Service Commission has debunked reports circulating on social media and several unofficial websites claiming that it has opened a portal for recruitment into the Nigeria Police Force.
The Commission described the publications as fake, warning that they were created by fraudsters seeking to deceive and exploit unsuspecting Nigerians.
In a statement published on its official website on Monday, the PSC said it had not commenced any recruitment exercise.
“The general public is hereby informed that these publications are fake and entirely misleading.
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“They are the handiwork of fraudsters attempting to exploit innocent citizens,” the Commission said.
It added that no recruitment portal had been opened by the Commission.
“There is currently no ongoing recruitment into the Nigeria Police Force.
“The Police Service Commission has not opened any portal for such an exercise,” the statement added.
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The PSC stressed that whenever recruitment begins, the announcement will be made strictly through authorised platforms.
According to the statement, official channels include advertisements in reputable national newspapers, announcements posted on the Commission’s verified website (www.psc.gov.ng), and formal press releases.
“We urge Nigerians to rely only on information published through these official channels.
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“Any recruitment portal not listed on our website is fraudulent and should be reported to the police,” the commission said.
The PSC advised the public to ignore the fake recruitment claims to avoid falling victim to scams.
The PUNCH had reported that the Police Service Commission has cautioned Nigerians seeking a career in the Nigeria Police Force to beware of fake recruitment adverts circulating online, insisting that it has not yet commenced the 2025 recruitment exercise.
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