FG’s debt overshoot, EFCC auction row and other major headlines
In a roundup of Nigeria’s top news, the Federal Government’s borrowing for 2024 has exceeded approved limits, raising concerns about fiscal management. Security issues remain prominent, with the killing of a senior Army officer in Nasarawa and the Nigerian Navy thwarting a major crude oil theft. The Economic and Financial Crimes Commission faces criticism over its asset auction plans, while Oyo State received new surveillance aircraft to boost security. Nigeria’s Super Falcons also suffered a surprising defeat to Malawi at the WAFCON tournament.
What we know
- The Federal Government’s new borrowing reached N12.62tn, surpassing the approved N7.83tn ceiling by N4.79tn, according to the Budget Office.
- Gunmen killed senior Army officer Col Abdussalam Ude in a suspected kidnap attempt at his Nasarawa State residence.
- The Economic and Financial Crimes Commission is under scrutiny for its plan to auction seized vehicles, with the Nigeria Association of Auctioneers questioning the process.
- Oyo State Governor Seyi Makinde took delivery of two surveillance aircraft, flown in by Nigerian Air Force pilots, to enhance security efforts.
- Nigeria’s Super Falcons lost 3-2 to debutant Malawi in their WAFCON group opener, marking a major upset in the tournament.
