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Update : Meranda Saves Lagos Assembly ₦2b by Procuring 32Toyota prado and 7 Land Cruisers for ₦5b, Reducing Obasa’s Initial ₦7b Budget, Says sources

Controversy has trailed the purchase of N5BN vehicles for 40 lawmakers at the Lagos State House of Assembly, deepening the feud between Speaker Mudashiru Obasa and erstwhile Speaker Mojisola Meranda.
Our reporters learnt that Meranda purportedly led the purchase of about 39 vehicles for the lawmakers during the period Obasa was removed as Speaker.
However, it was further gathered that Obasa had in December 2024 approved N7bn for the same purpose with plans in motion before he was ousted on January 13, 2025, by about 35 of the 40 lawmakers at the House over allegations of highhandedness, and financial misappropriation among others.
Meranda, who was then made the Speaker by the lawmakers, presided over a boiling House for 49 days until March 3 when she tendered her resignation following the intervention of the leaders of the All Progressives Congress.
Obasa was reelected as Speaker and Meranda returned to her initial position of Deputy Speaker.
However, the crisis does not seem to go away as Meranda and the Assembly still face legal battles from Obasa in the state High Court as the Speaker challenges the basis for his removal.
His contention in court is still ongoing despite the political intervention of party stakeholders who resolved the leadership crisis.
Amid the legal battle is also the contention between the duo over the purchase of the vehicles with money withdrawn from the Assembly’s account while Obasa was away.
Sources privy to the development said Obasa is contending the purchase of the vehicles without his authorisation, as the Speaker had his plan of purchasing the vehicles from Dubai from his bidder of interest.
“He had approved the money before his removal. But Meranda proceeded with buying them, a move that infuriated Obasa,” an aide to Obasa, who asked not to be named for not being authorised to comment yet, said on Tuesday.
“In December, Obasa approved the purchase of those vehicles. But for him, the vehicles were to be bought from Dubai but when Meranda took over, she made it an open bidding. They weren’t bought in Dubai anymore. That is just the difference. So it’s not as if they stole money as it’s been propagated,” another source in the Assembly told our correspondent on condition of anonymity on Tuesday.
“The purchase or execution was only done (under Meranda). Obasa already approved it. There is a difference between between approval and execution,” the source added.
When contacted on Tuesday, Meranda’s spokesperson, Victor Ganzallo, said an official statement would be issued.
“We will put out an official statement,” he said.
However, a source close to Meranda who noted that he had not got official authorisation to speak, stated that the first female Speaker only saved N2bn by purchasing 32 units of 2025 Toyota Prado SUV and seven units of Toyota Landcruiser 2025 at the sum of N5b, rather than the N7bn budgeted by Obasa.
“Let it be known that Rt. Hon. Mojisola Meranda never made any withdrawal from the account of LAHA; rather, she only made a downward review of an existing procurement approval by Rt. Hon. Mudashiru Obasa. In doing that, she saved the assembly the sum of N2 billion,” he stated.
He said Obasa had done an approval for the purchase of 35 units of Toyota Fortuner SUV and 10 units of Toyota Prado from Dubai at N7bn.
“As a matter of fact, he made the approval on December 23, 2024. Upon his removal, Rt.Hon. Mojisola Meranda reviewed the approval and called for a bidding locally and approved the sum of N5b for 32 units of 2025 Toyota Prado SUV and seven units of Toyota Landcruiser 2025 at the sum of N5b, saving N2b for the House.
“Unlike Obasa who had planned to import the vehicles from Dubai, all the cars were locally supplied. It is imperative to note that no money was withdrawn by Rt.Hon. Meranda, she only reviewed an existing approval.
“Interestingly, Hon. Meranda spent far less money to acquire better quality cars and didn’t even approve a single one for the office of the Speaker that she occupied,” he added.
Meanwhile, Obasa’s lawyer, Chief Fashanu Afolabi (SAN), has spoken on why Obasa is still in a legal battle against Meranda and the Assembly despite his client’s reelection as Speaker.
He said the allegations Obasa by the lawmakers were heavy and needed to be trashed.
“Because there are some issues that are still pending within the context of notice of allegation. The case of allegation contains reasons for the impeachment which include highhandedness, fraudulent malpractices and the rest and we feel that those issues must be trashed out,” he told The PUNCH in a telephone interview on Tuesday.
Justice Yetunde Pinheiro of the Lagos State High Court in Ikeja had on Monday adjourned the hearing of a suit filed by Obasa to March 17, 2025.
The court had previously scheduled the hearing for March 10, 2025, but at Monday’s proceedings, counsel for the House of Assembly, Femi Falana (SAN), informed the court that Obasa’s legal team, led by Afolabi Fashanu (SAN), had served further affidavits on the same day
How Meranda save lSHA 2 billion from 7 billions wish Obasa approved for purchases vehicle for members
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Things You Need to Know About Dr. Charles Akinola, the Newly Nominated Managing Director of SWDC

….A Seasoned Public Policy Advisor and Development Strategist
Dr. Akinola has over 30 years of experience in public service, international development, and strategic governance, specializing in agricultural development, sustainable economic growth, and policy implementation across Nigeria and West Africa.
2. Holds Prestigious Academic Credentials from Global Institutions. He earned a Ph.D. in Agricultural Extension from the University of Ibadan and a master’s in public policy & administration from Harvard Kennedy School, where he was an Edward S. Mason Fellow.
He also studied at Cambridge, Cranfield, and MIT, gaining advanced expertise in cross-sector partnerships, enterprise development, and conflict resolution.
3. Instrumental in the Formation of the SWDC and the DAWN Commission
Long before his nomination, Dr. Akinola played a key role in founding the Development Agenda for Western Nigeria (DAWN) Commission for regional integration. He was deeply involved in shaping the vision of the SWDC.
As Chairman of the Technical Committee under the Southwest Governors’ Forum, he led the review of the SWDC Bill and coordinated regional consensus on development priorities.
4. Former Chief of Staff in Both Federal and State Governments, He served as Chief of Staff to the Governor of Osun State (2018–2022) and later as Chief of Staff to the Minister of Marine & Blue Economy, His Excellency Adegboyega Oyetola (CON), while also acting as Senior Special Assistant on Marine and Blue Economy to President Tinubu.
These roles gave him frontline experience in both subnational and national policy execution.
5. A Leader in Community Engagement and Sustainable Development, Dr. Akinola has worked with major oil & gas companies, including WAPco, designing sustainable livelihood programs across Nigeria and the Gulf of Guinea. His contributions helped establish the Global Memorandum of Understanding (GMoUs) as an industry benchmark for community development in the Niger Delta.
6. Active Global Policy Thought Leader.
He is a member of the Dean’s Council at the Harvard Kennedy School of Government and was a Fellow at Harvard’s Weatherhead Centre for International Affairs. His thought leadership focuses on governance, economic innovation, and institutional reform.
7. Arts Collector
Dr. Akinola is a lover of the arts and culture, collects works of indigenous artists, such as Jimoh Buraimoh, Demas Nwoko, Tola Wewe, Nike Okundaye, among others.
*Career Highlights*
• Dr. Charles Akindiji Akinola is a Public Policy Advisor and Administrator whose work has traversed the agricultural and agribusiness, sustainable community economic development, international affairs, and development sectors, developing strategies that shape policy implementation.
• Dr. Akinola holds a Ph. D. in Agricultural Extension from the University of Ibadan, and a master’s degree in public policy & administration from the Harvard Kennedy School of Government, Harvard University.
• He also holds a Postgraduate Certificate in Cross-Sector Partnerships from the University of Cambridge, Cambridge, UK, and attended certificate courses in Enterprise Development and Management from Cranfield University, Cranfield UK, and in Negotiation, Mediation, and Dispute Resolution from the Massachusetts Institute of Technology (MIT), Boston, USA.
• Until recently, Dr. Akinola was Senior Special Assistant to the President on Marine & Blue Economy and concurrently, Chief of Staff to the Honourable Minister.
• He served as the Chief of Staff to the Governor of Osun State between 2018 and 2022. During his tenure, he supported the Governor in developing and implementing policy objectives and strategic and operational plans of the administration.
• As Chief of Staff, the Southwest Governors Forum appointed Dr. Akinola as the Chairman of the Technical Committee to review the South-West Development Commission (SWDC) Bill and aggregated the position of the six Southwest States towards a joint memorandum to the Governors and subsequently to the National Assembly.
• He has worked with major oil & gas companies within and outside Nigeria including the West African Gas Pipeline (WAGP) / West Africa Gas Pipeline Company (WAPco) covering Nigeria, Republic du Benin, Togo, and Ghana by designing and implementing programs that addressed issues of Sustainable Development and Livelihoods in the Niger Delta and West Africa region.
• He advised and collaborated with International Oil companies in the development of the New Community Engagement Strategy, premised on the Participatory Regional Development Model (2005), guided by the Global Memorandum of Understanding (GMoUs). The model was adopted as the industry standard in Community engagement and development by the joint ventures of the National Nigerian National Petroleum Corporation and the Oil companies in the Niger Delta.
• In previous roles, Dr. Akinola was the Director General of the Office of Economic Development and Partnerships (OEDP) between 2011 and 2018. The OEDP was the strategic Think Tank, Policy Advisory, and Implementation agency domiciled in the Office of the Governor. Dr. Akinola played a central role in the activities leading to the establishment of the Development Agenda of Western Nigeria (DAWN) Commission.
• He was Chairman of the Osun State Planning Commission between 2011-2014 and in this capacity collaborated with leading development partners to deliver sustainable development in the State.
• Dr. Akinola was the Founder and Executive Director of Enterprise for Development International (EfDI) between 1999 and 2009. In this role, he coordinated EfDI’s varied consultancy assignments in community economic development in Nigeria, including the expansion of EfDI’s portfolio of development activities in the Niger Delta and the strengthening of local institutions.
• Between 2001 and 2005, Dr. Akinola was the National Coordinator of the Sustainable Tree Crop Program (STCP), a multi-agency, public-private sector effort to facilitate the improvement of smallholder agricultural systems based on tree crops in West Africa with funding from the United States Agency for International Development (USAID) and the Chocolate Industry Worldwide.
• Between 1993 and 1998, Dr. Akinola was the Nigeria Country Director of TechnoServe, a US-based international development organisation that worked in 17 countries in Africa, Latin America, and Eastern Europe.
• He taught at the University of Ibadan in Nigeria from 1984 until 1989 and was on the training and research faculty of the Pan African Institute for Development (PAID) in Buea, Cameroon 1990.
• Dr. Akinola was an Edward S. Mason Fellow at the Harvard Kennedy School of Government and, subsequently, a Fellow at the Harvard Weatherhead Centre for International Affairs (WCFIA). His work focused on Innovation for Economic Development and Governance between 2009 and 2011.
• He is currently a member of the Harvard Kennedy School of Government Dean’s Council.
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Update : Four executive bills, Senate passes two remaining tax reform bills

The Senate has passed the final two of the four major tax reform bills, completing clause-by-clause consideration as it aims to modernise Nigeria’s tax administration framework.
During Wednesday’s plenary, lawmakers began deliberation on the reports of the four executive-sponsored tax bills, successfully passing two and deferring the remaining two to Thursday.
However, all four have now been approved.
The bills include the Joint Revenue Board Establishment Bill, the Nigeria Revenue Service Establishment Bill, the Nigeria Tax Administration Bill, and the Nigeria Tax Bill.
“These four executive bills seek to transform and modernise the tax system in Nigeria,” the Senate stated during the session.
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The following passage, a conference committee has been constituted to harmonise the versions with the House of Representatives. Once aligned, the bills will be forwarded to President Bola Ahmed Tinubu for his assent.
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Update: Reps Set Up Panel to Probe CBN and DISCOs Over N200 Billion Metering Programme Loan

The House of Representatives has launched an investigation into the disbursement and utilisation of the N200 billion Central Bank of Nigeria (CBN) loan allocated for the National Mass Metering Programme (NMMP) to Electricity Distribution Companies (DISCOs).
This was disclosed by the Chairman of the House Committee on Public Assets, Rep. Uchenna Okonkwo, in a statement issued on Wednesday in Abuja, the News Agency of Nigeria (NAN) reports.
He confirmed that a 19-member sub-committee had been inaugurated to probe the matter thoroughly.
The NMMP, initiated in 2020, was designed to provide free electricity meters to Nigerian consumers through the Licensed Electricity Distribution Companies (DISCOs).
The programme was a joint initiative of the CBN, the Nigerian Electricity Regulatory Commission (NERC), and other stakeholders in the Nigerian Electricity Supply Industry (NESI). It aimed to eliminate estimated billing, improve transparency in energy usage, and enhance customer satisfaction.
NMMP expected to be launched in three phases
The rep said that the programme was to be implemented in three phases to ensure the reduction of collection losses and improve market remittances in the industry.
“Under the pilot phase of the programme’s implementation, CBN commenced with the sum of N59.280 billion for procurement and installation of one million meters in 2020 at an interest rate of 9 per cent after a two year moratorium.
“Preliminary research on the NMMP has shown that instead of the pronounced amount of N59.280 billion naira for the phase 0, what was released was N55.4 billion for procurement and installation of 962,832 meters instead of one million meters pronounced by CBN,” he noted.
Furthermore, concerns have been raised regarding repayment. The committee noted discrepancies in the repayment of the funds by the DISCOs.
According to Okonkwo, “Research has also shown that what the eleven Electricity Distribution Companies who received the loan have paid back to CBN as refund for the N54.4 billion they received in 2020 without mentioning the 9 per cent interest on the loan.”
The lawmaker added that the subsequent phases of the programme, which were expected to significantly expand metering across the country, have stalled. Phase 1, which was to be funded by the CBN and Deposit Money Banks (DMBs) for 1.5 million meters, and Phase 2, expected to be financed by the World Bank for four million meters, have yet to take off.
He said that the House, exercising its constitutional powers under Sections 88(1) and (2) of the 1999 Constitution, resolved to investigate the matter with a view to safeguarding public interest.
The sub-committee is expected to scrutinise all aspects of the NMMP funding, from disbursement and meter procurement to distribution and repayment mechanisms.
The 19-member committee comprises Rep. Obed Shehu, Rep. Ali Shettima, Rep. Abel Fuah, Rep. Salisu Koko, Rep. Ahmed Munir, Rep. Sani Umar Bala, Rep. Gbefwi Jonathan, Rep. Abdulmaleek Danga, Rep. Chinedu Obika, and Rep. Okunlola Lanre.
Other members include Rep. Abass Adekunle, Rep. Akinosi Akanni, Rep. Obuzor Victor, Rep. Peter Akpanke, Rep. Ngozi Lawrence, Rep. Ogah Amobi Godwin, and Rep. Ikeagwuonu Onyinye, among others.
The NMMP was expected to be a game-changer in Nigeria’s power sector by reducing estimated billing, enhancing energy accountability, and restoring consumer trust.
However, the current revelations point to implementation failures and possible mismanagement of public funds.
Analysts believe that the outcome of the House probe could lead to reforms in electricity metering policy and strengthen regulatory oversight of loan disbursements to DISCOs.
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