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Commercial Value :Tinubu, set to release 60,000MTs of food grains to stabilise prices, Says Edun

The federal government has finalised plans to release an additional 60,000 metric tonnes of food grains to make food available and stabilize the price of foodstuff in the country.
Minister of Finance and Coordinating Minister for the Economy, Wale Edun made this known in Abuja on Tuesday, February 20, at the Public Wealth Management Conference organised by the Ministry of Finance and the Ministry of Finance Incorporated (MoFI).
Edun, in his address, said that President Tinubu is committed to supporting the less fortunate during these challenging times.
He stated that President Tinubu had “previously released strategic grain reserves and is currently releasing 42,000 metric tonnes of food grains, with plans for an additional 60,000 tonnes”.
These measures, the minister said, are aimed at ensuring food availability and stabilizing prices, with the expectation that prices will eventually decrease. The priority is to ensure that food reaches the market and people’s tables, no matter the effort required.
According to Edun, “President Tinubu has always said he will not leave the poor, the vulnerable the weaker in society at times like this. He has previously released strategic grain reserves, he’s currently releasing 42,000 metric tonnes of food grains and he has a plan of releasing another 60,000 tonnes of food grains.
“This is in addition to measures to make sure that whatever is in the stores comes out at this important time and we expect food prices to stabilize and begin to fall in a reasonable period and in the meantime, everything that can be done to put food in the market, on the tables of people will be done no matter what it takes.”
The finance minister talked about the implementation of an executive order allowing the Ministry of Finance, through the Debt Management Office (DMO), to offer government-backed securities.
This initiative aims to restore confidence in the Naira and provide Nigerians, both within and outside the country, the option to save in dollars. By offering dollar-denominated securities, individuals can preserve their savings in dollars while demonstrating their commitment to Nigeria.
He also talked about the collaborative efforts between fiscal and monetary authorities to address economic challenges in Nigeria. He highlighted how the Ministry of Finance’s response, including debt management strategies, led to an increase in Treasury bill interest rates, resulting in improved dollar supply to the economy.
This cooperation between fiscal and monetary policies he said demonstrates a concerted effort to stabilize the economy, reduce inflation and interest rates, and attract both portfolio and foreign direct investments.
The chairman of the MOFI Board, Dr. Shamsudeen Usman, stated that MOFI will take a more active role in managing its assets from now on. He encouraged asset operators to view MOFI as partners, not competitors or regulators.
Usman also assured of MOFI’s commitment to high standards of corporate governance, including a policy to prevent conflicts of interest among staff.
The CEO of MOFI, Dr. Armstrong Takang, outlined MOFI’s renewed mandate, focusing on expectations from both the public and private sectors. He announced the launch of a N100 billion Project Preparation Fund aimed at improving the professionalism in managing public assets.
The goal, he said is to generate commercial value for the benefit of the people and enhance investor confidence in the assets’ operations and management.
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CCT Chairmanship : Embattled Danladi Umar Withdraws Suit Challenges his Successor Mainasara Kogo’s Appointment by Tinubu

Justice Danladi Yakubu Umar, the embattled Chairman of the Code of Conduct Tribunal (CCT), has quietly withdrawn his lawsuit challenging the controversial appointment of Dr. Mainasara Umar Kogo as his successor—an appointment made by President Bola Ahmed Tinubu in alleged violation of constitutional procedures.
Newsthumb report that in Suit No: FHC/ABJ/CS/1796/2024, filed at the Federal High Court, Abuja, Justice Umar—alongside civil society groups—had sought to nullify the appointment of Dr. Kogo.
The respondents listed in the suit included President Tinubu, the Attorney-General of the Federation, Lateef Fagbemi (SAN), the Senate President, Godswill Akpabio, the National Assembly, the National Judicial Council (NJC), and the Federal Judicial Service Commission (FJSC), among others.
However, in a surprising development, a “Notice of Discontinuance” dated March 20, 2025, and signed by Umar’s legal representatives—M.M. Maidoki, A.G. Salisu, and Jibrin S. Jibrin—was filed in court, effectively ending the legal challenge.
Justice Umar decided to withdraw the suit following intense pressure from family members and respected elders from Toro, Bauchi State—his hometown—who urged him to prioritize family honor and avoid escalating political tensions.
A member of Umar’s legal team disclosed that, despite their firm belief that the President, National Assembly, and Secretary to the Government of the Federation (SGF), Senator George Akume, had acted illegally against Umar, they advised him to withdraw the case for the sake of his safety and the integrity of his family.
The removal attempts against Justice Umar ignited serious legal and constitutional controversy involving the Presidency, the National Assembly, and the SGF. President
President Tinubu’s decision to appoint Dr. Kogo was first announced in July 2024 by presidential spokesman Ajuri Ngelale—despite the fact that Justice Umar’s tenure had not expired.
Compounding the controversy, the official appointment letter, signed by SGF George Akume, was dated January 20, 2025, but backdated to November 27, 2024—an action that raised further suspicion among legal scholars and political observers.
The National Assembly also contributed to the confusion by initially citing an incorrect constitutional provision and even misstating the name of the intended appointee—errors they later retracted—raising concerns that Umar’s removal was politically motivated rather than based on proven misconduct.
The move was widely condemned by legal experts, who described it as unconstitutional. Senior Advocates of Nigeria (SANs) including Prof. Mamman Lawan Yusufari, Dr. Wahab Shittu, and Prof. Yemi Akinseye George pointed out that, under the Fifth Schedule of the 1999 Constitution, it is the National Judicial Council (NJC) and the Federal Judicial Service Commission (FJSC) that are empowered to nominate and recommend candidates for appointment to the CCT—not the President acting unilaterally.
There is no public evidence that the NJC, chaired by Chief Justice of Nigeria Justice Kudirat Kekere-Ekun, recommended any successor. Similarly, there is no proof that the National Assembly met the two-thirds majority threshold required to lawfully remove Justice Umar.
The National Assembly’s move to oust Umar was reportedly initiated at the behest of the Presidency, leading to the litigation that has now been withdrawn. Notably, President Tinubu, Attorney-General Fagbemi, and other officials had already filed their statements of defense prior to the discontinuance.
Justice Umar has previously presided over several politically sensitive cases, including the 2012 trial of then-Lagos State Governor Bola Tinubu over alleged false asset declarations. Although he discharged Tinubu, he did not acquit him—an outcome some believe might have posed constitutional hurdles during Tinubu’s political ascendancy.
With the withdrawal of the case, it remains uncertain whether Justice Umar will formally vacate his position or seek other avenues to contest Dr. Kogo’s appointment.
The Code of Conduct Tribunal (CCT) is a specialized court tasked with upholding ethical standards among Nigerian public officers. It is empowered to try politicians, civil servants, judges, and others accused of breaching the Code of Conduct, including false asset declarations, foreign account ownership, conflicts of interest, and corruption-related misconduct.
Upon conviction, the Tribunal can impose penalties such as removal from office, disqualification from holding public office for up to ten years, and forfeiture of assets improperly acquired.
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Akpabio: The Misconcepted Man Of Purpose, Says Niyi Babade

“Just let him know that you are passionate like him and fellow human being’s happiness is paramount to you and that you hold the ideals of man in high esteem, let him know you can contribute positively to the reason why humanity must not suffer, let him know that you are full of ideas that can bring joy and happiness to humanity, let him know that the comfortabilities of the people, the equal rights of the people in a world where no man feels he/she is more superior to the other is your perogative, let him know you can offer positive solutions to difficult situations instantly,let him know that you are super ready to bring people out of the quagmire they might found themselves at any point in time, then he will bring you closer to himself so you will have unlimited access to him and become his friend. He will make sure you are encouraged and generously rewarded for your contribution.His love and concern for humanity is unprecedented no matter your gender or status in the society. This is why people often times take undue advantage of his large heartedness for granted especially the female folks”
This was how Gbenga a former staffer of the Directorate of the State Security Services described Senator Godswill Obot Akpabio the Senate President of Nigeria,when he worked with him as security personnel when he was the Governor of Akwa Ibom State.while speaking with our reporter.
The senate president still remain steadfast and resolute to the course of humanity especially Nigerians wherever they are within the globe.
The ongoing encounter with Senator Natasha is one of the misconceptions that we speak about which has often times trailed the senate president’s path.Because of his love for people,humanitarian and philanthropy heart for every one
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JUST IN: Terrorism trial, Court admits video recording of Kanu’s interrogation, other items

A video recording of Nnamdi Kanu’s interrogation by officials of the Department of State Services (DSS) has been played in court in his ongoing trial before a Federal High Court in Abuja.
The statement Kanu made on October 15, 2015 has also been read.
In the video, he admitted establishment of Radio Biafra and registration in London.
Kanu also admitted not registering the radio station with NBC because there was no need for it.
In his statement, he admitted fighting for emancipation of the people of South East, South South and parts of Benue and Kogi.
He made it abundantly clear that freedom fighting is not a crime in any part of the world including Nigeria because it is a fundamental right.
Kanu claimed not to be involved in any violence because he has not been linked with any one.
Items in four suitcases recovered from him in his hotel room in 2015 were also brought to the court room full display.
Defence lawyer, Kanu Agabi (SAN) did not object when prosecuting lawyer, Adegboyega Awomolo (SAN) applied to tender all the items in evidence.
Justice James Omotosho has admitted the items in evidence.
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