News
Speaker Abbas inaugurates special committee on oil theft
The Speaker of the House of Representatives, Tajudeen Abbas, has inaugurated Special Committee on Oil Theft to tackle one of the largest threats to Nigeria’s economy.
Mr Abbas said during the ceremony on Wednesday in Abuja, that Nigeria was losing estimated 300,000 barrels of crude oil per day due to theft, vandalism and other criminal activities.
According to him, some of the severe consequences of this include revenue loss, environmental disaster, threats to regional peace and security, proliferation of arms and a poor investment climate.
The speaker said that the nation was reported to be incurring losses of oil revenues estimated at N1.29 trillion annually due to industrial-scale theft.
He explained that the committee’s primary objective was to determine the proximate and remote causes of oil theft and recommend remedial measures to the parliament.
“We set up this special committee to underscore our unwavering commitment to protect the nation’s resources for the good of all our citizens and to punish the perpetrators of these dreadful crimes.
“I charge you, therefore, to investigate all dimensions of oil theft, focusing on the actions of all actors, including criminal gangs, militia groups, the local populace, company employees and security agencies.
“I urge the members of this committee to approach your mandate with diligence, objectivity, sense of urgency and patriotism.
“The findings and recommendations from your work will also serve as a foundation for sustainable solutions rather than ad hoc measures.
“I also expect your efforts to contribute significantly to enhancing the integrity of our oil sector and promoting sustainable development.
“I call upon all stakeholders, including government agencies, industry players, security agencies, civil society organizations, and the general public, to extend their full cooperation to this special committee for it to deliver on its mandate,” he said.
Mr Abbas said that Nigeria was facing significant financial challenges due to a combination of rising expenditures and falling revenues.
He recalled that the proposed revenue and expenditure for 2023 stood at N9.73 trillion and N20.51 trillion, respectively.
The speaker added that there was a fiscal deficit of N10.78 trillion, about 4.78 per cent of the GDP.
According to him, this deficit is the largest in Nigeria’s history, and with a budget more than double the proposed revenue, the country is faced with the challenge of borrowing to cover the gap.
“It is for this reason that the house will significantly raise the targets for all government revenue-generating agencies.
“I am convinced these agencies can generate much more than they currently do.
“In our recent engagement with MDAs on the 2024-2026 MTEF, we made it clear that a lot more will be required of our key revenue-generating agencies in 2024.
“We expect them to double their total annual revenue profile. However, to achieve this, these agencies must reduce wastage and improve efficiency, especially in collection.
“In addition to this, revenue-generating agencies must ensure transparency in the management of generated revenues.
“Let me state clearly that the House will not tolerate low performance by agencies or failure to show evidence of required remittances to the Federation Account.
“We shall also closely monitor and undertake strict oversight of the activities of all revenue-generating agencies to ensure compliance,” Abbas said.
Earlier, the Chairman of the committee, Ado Doguwa (APC-Kano state), said record from National Extractive Industries Transparency Initiative, NEITI, report 2021, indicated that the oil and gas sector accounted for 72.26 per cent of Nigeria’s total export and government foreign exchange.
He said the sector accounted for 40.55 per cent of government revenue and provided 19,171 jobs.
Mr Doguwa said in spite of the seemingly robust contribution of the oil and gas sector to national economy, the country was yet to derive maximum benefits from its abundant hydrocarbon resources.
According to him, this is due to oil theft and losses through pipeline vandalism, pipeline integrity issues, compromises, measurement inaccuracies, outright sabotage and general insecurity in the oil producing communities.
Mr Doguwa stressed that issues of oil theft and pipeline vandalism were not new but remained persistent threats to Nigeria’s economy, environment and national security.
“The urgency of addressing these challenges and bolstering our regulations, technology and security measures cannot be overstated.
“Oil theft is large scale illegal business estimated to be worth $133 billion per year globally.
“This makes it the world’s biggest theft of a natural resource and is also considered to be the number one most smuggled natural resource globally.
“From the 2021 NEITI, it is estimated that between 2019 – 2021, Nigeria lost 643 million barrels of crude amounting to $48 billion from thefts.
“A recent report by a presidential investigative panel affirms the apparent micro-economic impact of crude oil theft.
“The report states that with oil theft and illegal bunkering taking as much as 200,000 to 400,000 barrels per day of the country’s oil production at the onset of these illegalities to now more than 800,000 barrels per day, the country’s fiscal stability is therefore threatened.
“The report further painted a frightening scenario where losses to oil thieves and official leakages could overtake official receipts of all oil revenues into the Nigerian treasury,” he said.
Mr Doguwa said that challenges might appear enormous but with the political will of the house leadership, members and the committee, they could be surmountable, saying that the tales of woe could be rewritten to that of blossoming prosperity.
The chairman said he was optimistic that with the inauguration and the support of the house leadership, the committee would dust off all existing recommendations and re-evaluate them.
He said the committee would do this in line with current realities and ensure monitoring the implementation of relevant recommendations in collaboration with relevant agencies of government.
NAN
News
Trump Orders Review of 55 Million US Visa Holders in Mega Crackdown

The Trump administration has announced a sweeping review of more than 55 million foreigners holding US visas, aiming to identify potential violations that could trigger visa revocation or deportation.
In a statement to The Associated Press, the State Department confirmed that all visa holders are now subject to “continuous vetting.”
Officials will examine any indicators of ineligibility, including overstaying authorised periods, criminal activity, threats to public safety, engagement in terrorism, or support for terrorist organisations.
If authorities find evidence of such violations, they will revoke the visa, and individuals already in the US could face immediate deportation.
Officials stressed that the review targets both individuals residing in the United States and those holding multiple-entry visas abroad.
Since assuming office, President Donald Trump has prioritized strict immigration enforcement, targeting not only undocumented migrants but also holders of student and visitor exchange visas.
The current vetting process extends far beyond prior reviews, potentially affecting individuals who initially received approval to stay in the US.
According to the Department of Homeland Security, last year the US had 12.8 million green-card holders and 3.6 million people on temporary visas.
Immigration policy expert Julia Gelatt of the Migration Policy Institute noted that the 55 million figure likely includes individuals living abroad with tourist or business visas. She questioned whether allocating resources to review people unlikely to return justifies the scale of the initiative.
Alongside the review, Secretary of State Marco Rubio announced on X that the US will immediately halt work visas for commercial truck drivers, citing safety risks and threats to American jobs.
“The increasing number of foreign drivers operating large tractor-trailer trucks on US roads is endangering American lives and undercutting the livelihoods of American truckers,” Rubio wrote.
The administration recently strengthened English proficiency requirements for foreign truckers following incidents where language barriers contributed to accidents. State Department officials confirmed they are pausing the processing of new work visas to reassess screening and vetting protocols.
“Ensuring that every driver meets the highest standards protects American workers and maintains a secure, resilient supply chain,” the department added.
Experts warn the broader implications of the review could ripple across the US economy. Edward Alden, senior fellow at the Council on Foreign Relations, explained that the administration’s policies aim to discourage companies, universities, and hospitals from employing foreign workers.
“The economic consequences will extend far beyond individual visas,” Alden said, emphasizing that employers risk compliance issues if they continue hiring foreign staff.
The review represents the most comprehensive enforcement action in recent US history and signals that the administration will aggressively monitor both legal and temporary visa holders to maintain national security and prioritize domestic employment.
News
2027: ADC Coalition Deceiving Nigerians – Baba-Ahmed

The 2023 Labour Party (LP) vice-presidential candidate, Datti Baba-Ahmed, has warned Nigerians that the opposition coalition under the African Democratic Congress (ADC) is giving false hope about rescuing the country from underdevelopment.
“They are deceiving us,” Baba-Ahmed said during an interview on Channels Television’s Politics Today on Friday.
Baba-Ahmed, who ran alongside Peter Obi in the 2023 presidential election won by Bola Tinubu of the All Progressives Congress (APC) expressed his willingness to be Obi’s running mate in the 2027 presidential election.
Although Obi has shown interest in the 2027 race and is aligning with ADC coalition figures such as David Mark, Atiku Abubakar, Nasir el-Rufai, Rotimi Amaechi, and Rauf Aregbesola, Baba-Ahmed stressed that he wants Obi to remain in the Labour Party and contest as its presidential candidate.
“I’m in the Labour Party. I’m a Peter Obi man. I still want Peter Obi to come back to the Labour Party and contest the 2027 election,” Baba-Ahmed stated.
When asked about his plans for the 2027 race, Baba-Ahmed confirmed his readiness to serve as a running mate for like-minded leaders committed to restoring Nigeria.
“If Nigeria is still around and there is an electoral system to follow, my love for Nigeria is undying.
I would appropriately associate with groups and individuals aligned with restoring the nation,” he said.
Baba-Ahmed also revealed two potential leaders he would consider deputising, with Peter Obi being his primary choice. “The first one has not said anything.
The second one is Peter Obi. I’m always with Peter Obi until he decides not to,” he added.
News
Tinubu Secures Fresh $238m Loan from Japan

Nigeria has secured a $238 million loan from the Japan International Cooperation Agency (JICA) to support the expansion and modernization of the national power grid.
The deal, confirmed during engagements at the ninth Tokyo International Conference on African Development (TICAD9) in Yokohama, Japan, reflects a strategic shift towards implementation-driven energy development.
President Bola Tinubu highlighted that Nigeria’s participation at TICAD9 focused on concrete, outcome-oriented partnerships rather than ceremonial diplomacy.
“We are moving from planning to implementation, from agreements to delivery, and from promises to measurable results,” he said.
Details of the JICA Loan Project
The $238 million loan, supported by a Federal Executive Council counterpart funding of ₦19,083,192,805.30, will finance significant upgrades to Nigeria’s transmission infrastructure.
Key components of the project include:
Construction of 102.95 km of new 330kV double-circuit lines
Construction of 104.59 km of 132kV double-circuit lines
Development of four 330/132/33kV substations and two 132/33kV substations
Multiple line bay extensions to improve efficiency and reduce system losses
According to Minister of Power, Chief Adebayo Adelabu, the partnership with Japanese companies such as Toshiba, Hitachi, and Japan’s Transmission & Distribution Corporation is essential for unlocking Nigeria’s energy potential.
“Our focus is on transmission infrastructure, operational efficiency, and strategies to reduce system losses.
This $238 million loan from JICA provides the backbone for that transformation,” Adelabu explained.
Adelabu acknowledged Japan’s consistent support for Nigeria’s power sector, highlighting contributions in infrastructure, technical studies, training, and financing.
He emphasized that JICA’s backing is critical to expanding access to reliable, affordable, and sustainable electricity across the country.
The project aims to strengthen Nigeria’s power transmission network, improve system reliability, and enhance overall efficiency, ultimately supporting industrial growth and meeting rising electricity demand nationwide.
News
‘Gate of Hell’ Will Open on Gaza’– Israeli Defence Issues Finally Warning to Hamas

Israeli Defence Minister Israel Katz has issued a fierce warning to Hamas, declaring that Gaza City will face complete destruction if the militant group refuses to accept Israel’s conditions for ending the war.
Katz, in a statement shared on social media on Friday, August 22, 2025, used sharp words to describe Israel’s next steps.
He said the “gates of hell” would open on Hamas if it failed to disarm and release all hostages.
“Soon, the gates of hell will open upon the heads of Hamas’s murderers and rapists in Gaza until they agree to Israel’s conditions,” Katz wrote.
He added that if Hamas refused, Gaza City would suffer the same fate as Rafah and Beit Hanoun, two cities previously flattened by Israeli offensives.
His comments mark one of Israel’s strongest warnings since the escalation of the conflict.
The minister’s remarks came only hours after Prime Minister Benjamin Netanyahu announced that negotiations had been ordered to free the hostages held in Gaza.
Netanyahu explained in a video address that Israel’s military operation in Gaza City would not stop during talks. “Defeating Hamas and releasing our hostages go hand in hand,” he said.
The prime minister also confirmed the mobilisation of 60,000 reservists to join the offensive.
Meanwhile, mediators have been waiting for Israel’s response to a ceasefire plan that Hamas accepted earlier in the week.
The proposal suggests a phased release of hostages, but Israel insists that only a deal ensuring the release of all captives at once will be accepted.
Israel’s hardened stance has sparked growing concern worldwide.
International leaders have cautioned that an expanded assault on Gaza City could worsen the humanitarian disaster already unfolding in the region.
Gaza’s health ministry says more than 62,000 Palestinians, most of them civilians, have been killed since Israel’s military campaign began.
The United Nations considers these figures credible.
The war was triggered by Hamas’s October 2023 attack, which left 1,219 people dead in Israel, mostly civilians.
Since then, the conflict has intensified, with both sides showing little sign of compromise.
With Katz’s threat to turn Gaza City into rubble if demands are not met, the conflict appears to be entering an even deadlier stage.
The international community continues to press for a ceasefire, but Israel’s leadership insists that victory over Hamas and the release of all hostages remain its top priorities.
Health
NAFDAC Raises Alarm as Fake Cowbell Milk Floods Nigerian Markets

The National Agency for Food and Drug Administration and Control (NAFDAC) has raised alarm over the circulation of fake Cowbell “Our Milk” 12g sachets in Nigeria.
In a statement issued on Friday, August 22, 2025, the agency explained that the counterfeit milk is packaged to look like the discontinued Cowbell “Our Milk,” but it is unauthorised and unsafe for consumption.
NAFDAC clarified that Promasidor Nigeria Ltd, the authentic manufacturer, stopped producing Cowbell “Our Milk” in September 2023.
The product was replaced with Cowbell “Our Creamy Goodness.” Despite this, fake versions of the old product have found their way into Nigerian markets.

Picture of Fake cowbell milk.
The counterfeit sachets bear the brand name, NAFDAC registration number, and familiar packaging design, making them difficult for unsuspecting buyers to identify as fake.
Health Dangers of Fake Cowbell Milk
NAFDAC warned that the consumption of these counterfeit products poses serious health risks.
Fake milk could contain toxic chemicals, harmful additives, or diluted ingredients that endanger human health.
Infants, children, pregnant women, and the elderly are the most vulnerable. Possible dangers include:
- Foodborne illnesses
- Allergic reactions
- Organ damage
- Long-term health complications
- In extreme cases, death
Counterfeit Product Details
- Product Name: Cowbell “Our Milk” 12g sachet
- Purported Manufacturer: Promasidor Nigeria Ltd
- Production Date: 04/2025
- Expiry Date: 12/2028

Picture of original cowbell milk.
NAFDAC Issues Strong Warning
The agency urged Nigerians to remain vigilant and avoid purchasing the counterfeit milk.
Healthcare professionals, distributors, and consumers have been advised to report suspicious sales of substandard or fake products immediately.
Reports can be made through:
The nearest NAFDAC office
Toll-free line: 0800-162-3322
Email: sf.alert@nafdac.gov.ng
NAFDAC also called on traders and retailers to stop selling the fake sachets.
The agency assured the public that strict enforcement measures are being taken to remove the counterfeit products from circulation.
This is not the first time Nigerians have faced risks from fake food and beverages.
Experts warn that counterfeit consumables are becoming more sophisticated, often making them difficult to spot.
Consumers are advised to always check product details, expiry dates, and packaging changes announced by manufacturers.
By highlighting the dangers and raising awareness, NAFDAC says it hopes to protect Nigerians from avoidable health crises linked to fake milk products
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