News
JUST IN: EFCC Invites Betta Edu Over N585m Scandal

The Economic and Financial Crimes Commission has invited the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, to its headquarters located in Jabi, Abuja over an alleged N585m scandal.
The invitation came less than an hour after President Bola Tinubu announced Edu’s suspension from office through the Special Adviser to the President on Media and Publicity, Ajuri Ngelale.
An impeccable EFCC source, who confirmed the development to our correspondent, revealed that the anti-graft agency’s Chairman, Ola Olukoyede, had earlier recommended the suspension of the Minister to the President to pave the way for proper investigation.
READ ALSO: BREAKING: Tinubu Suspends Betta Edu Over N585m Scandal
The source further noted that the commission swung into action immediately after the President ordered a thorough investigation into the alleged payment of N585.189 million grant meant for vulnerable groups in Akwa Ibom, Cross River, Ogun and Lagos states into a private account.
“We have invited the suspended Minister, Betta Edu. The invitation letter was sent to her immediately after her suspension was announced by the President. We’re are expecting her at the headquarters any moment from now,” the source noted.
News
Trump’s Military Threat: ‘Poor Man Is Already A Sinner’ – Shehu Sani

Former lawmaker, Shehu Sani, has criticised United States President Donald Trump’s approach to global relations, alleging a double standard in the way he engages with different regions of the world.
In a statement posted on X on Wednesday, Sani said Trump had secured a trillion-dollar deal from Saudi Crown Prince Mohammed bin Salman and consistently defended the kingdom, while raising issues of human rights, terrorism and religious persecution only when dealing with African leaders.
According to him, no African, European or Latin American nation could offer Trump the kind of financial leverage that oil-rich Arab states provide.
READ ALSO:US Lawmakers Demand Answers From Trump Administration Over Chinese Chemical Shipments To Iran
Sani’s remarks come amid Trump’s recent threat of military action in Nigeria over allegations of Christian genocide.
The former lawmaker argued that in a materially driven world, “a poor man is already a sinner,” suggesting that economic power continues to shape international attitudes and interventions.
He wrote: “Mr Trump got a deal of a trillion dollar from Bin Salman and defended everything about Saudi Arabia. No African, European or Latin American country can give him that.
“When they are talking with oil rich Arab countries, issues of human rights, executions, terrorism and religion doesn’t come up, until they meet with African leaders and start asking them where they learned ‘how to speak English’. In a material World, a poor man is already a sinner.”
News
Why Nigerians Are Not Feeling Inflation Drop – Economists

Despite Nigeria recording its seventh consecutive month of disinflation, economists and financial analysts have raised concerns that the easing inflation trend has brought little or no relief to Nigerians and households already overwhelmed by high living costs and economic hardship.
The National Bureau of Statistics (NBS) reported that headline inflation slowed to 16.05 per cent in October 2025, down from 18.02 per cent in September, one of the strongest single-month declines this year.
Food inflation also moderated to 13.12 per cent, compared to 16.9 per cent in the previous month.
But economists and analysts insist the improved figures do not reflect the economic reality facing millions of Nigerians.
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, said the gains from the latest figures have not translated into real cost-of-living relief because price pressures remain elevated across essential sectors.
READ ALSO:Why U.S. Military Intervention In Nigeria Will Be Messy, Says Adeyemi
“Inflationary pressures remain elevated in critical household sectors—including food, transportation, housing, utilities, education, and health—which jointly account for 84 percent of inflation,” Yusuf noted.
He attributed the limited impact of disinflation to persistent structural challenges such as high logistics costs, energy constraints, insecurity in food-producing regions and climate-related disruptions that continue to suppress supply.
According to him, “the full welfare benefits are yet to be sufficiently felt by households due to persistent structural constraints.”
Yusuf advised that deeper and sustained reforms across key sectors—supported by coordinated monetary, fiscal and structural policies—are necessary to turn statistical improvements into real economic progress.
‘NBS Inflation Figures Are Flawed’ — Former CIBN President, Okechukwu
In an interview with DAILY POST, Mazi Okechukwu Unegbu, former President of the Chartered Institute of Bankers of Nigeria (CIBN), said the October inflation report is detached from the real-life experience of Nigerians.
READ ALSO:Nigerian Military Kills 50 Jihadists During Army Base Raids
Unegbu insisted the country’s true inflation rate is significantly higher than official figures suggest.
“The inflation figure by the National Bureau of Statistics is flawed because it does not reflect reality. In real terms, the country’s inflation is as high as 29 percent,” he said.
He argued that the persistent rise in the cost of food, rent, transportation, fuel, and other essentials shows that the declining inflation rate “does not make sense” to the average Nigerian.
Why Nigerians Still Feel No Relief — Oyedokun
An economist and a university don, Prof Godwin Oyedokun, said most Nigerians feel no impact from the inflation slowdown because the structural drivers of the cost-of-living crisis remain intact.
READ ALSO:US Lawmakers Demand Answers From Trump Administration Over Chinese Chemical Shipments To Iran
He outlined six reasons why Nigerians are yet to feel the impact of inflation: “Prices are still rising— just more slowly- A drop in inflation does not mean prices are falling. Nigerians are still paying historically high amounts for food, transport, energy and rent.
“Incomes remain stagnant- Wages, pensions and SME earnings have failed to keep up with inflation for two years, weakening purchasing power.
“Key cost drivers remain unresolved- Exchange-rate volatility, high energy costs, logistics inefficiencies, insecurity in food belts and elevated interest rates continue to fuel price increases.
READ ALSO:Two Nigerians Sentenced For Attempting To Obtain Ghana Cards With False Identities
Inflation expectations are still high- Businesses expect prices to rise further and therefore adjust prices upward in advance.
“State-to-state variations distort relief- Some states still record much higher food and transportation inflation than the national average.
“Poverty levels overshadow economic data- With high unemployment and widespread poverty, even a slowdown in inflation does little to improve household welfare.”
Prof. Oyedokun concluded that “Nigerians have yet to feel any relief because the level of prices— not just the rate of change— remains painfully high, and the structural conditions driving hardship persist.”
News
Chief Of Army Staff, Shaibu Announces Recruitment Of 24,000 Soldiers

The Chief of Army Staff, COAS, Lieutenant General Waidi Shaibu, has announced plans to recruit and train 24,000 soldiers to boost the operational strength of the Nigerian Army amid rising security challenges.
This was made known in a post on X Wednesday by Zagazola Makama, a counter-insurgency security expert.
According to the report, Shaibu revealed the plan on Wednesday during an operational visit to the 1 Division of the Nigerian Army in Kaduna, where he addressed officers ranging from second lieutenants to lieutenant colonels.
He said the initiative is part of the Army’s strategy to enhance its readiness and expand manpower for deployments across the country.
READ ALSO:Military Captures Plateau Gunrunner, Recovers Arms
According to him, three new training facilities approved by President Bola Ahmed Tinubu will train 12,000 soldiers within six months, with the capacity to double the figure to 24,000 if two streams are run simultaneously.
Shaibu noted that the facilities are strategically located to produce recruits equipped with modern warfare skills, tactical knowledge, and improved weapon handling.
He said the focus is not only on increasing troop numbers but also on ensuring high-quality training.
He added that the recruits will be trained in basic tactics, combat operations, and leadership principles to strengthen the Army’s professional standards.
READ ALSO:Army Officer Dies After Wife Allegedly Sets Him Ablaze In Akwa Ibom
The COAS reiterated the Army’s commitment to the “Soldier First” concept, promising improved welfare and support systems for both new and existing personnel. He urged senior officers to mentor incoming recruits to sustain discipline, core values, and operational excellence.
The recruitment drive is expected to significantly boost manpower, strengthen troop deployment in critical areas, and enhance the Army’s capacity to respond to threats nationwide.
During his visit, Shaibu also held discussions with officers on operational logistics, welfare initiatives, and ongoing efforts to improve the Army’s capabilities in the North West and other theatres of operation.
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