Defence Allocations Rose from N934bn in 2015 to N2.2trn in 2024

Linus Aleke in Abuja

The ex-Chief of Defence Staff (CDS), General Lucky Irabor (Rtd), has said that budgetary allocations to defence have consistently risen, from N934 billion in 2015 to N2.2 trillion in 2024.

Irabor stressed that data from the Budget Office of the Federation (2024) indicates a strategic shift towards sustained military readiness.

The former CDS, who spoke at the Guild of Editors Conference in Abuja, said: “Nonetheless, prolonged military involvement in internal operations has blurred civil–military boundaries, occasionally triggering human rights concerns and accountability debates. Democratic governance has also felt the strain, as emergency powers and anti-terror laws occasionally intersect with civil liberties.

However, the evolution of national security strategies between 2009 and 2024 reflects adaptive learning, institutional reorganisation, and improved regional coordination.

The broader implication is clear: the sustainability of Nigeria’s statehood and unity depends on effectively harmonising security, development, and civic inclusion. It is therefore crucial, as we engage further in this discourse, to underscore the importance of a citizen-centred approach that anchors security in justice, participation, and resilience.”

He stated that Nigeria’s experience with terrorism has evolved from being localised in the northeast to becoming a nationwide security concern.

“Between 2021 and 2022, the country recorded more than 4,500 conflict incidents annually, with fatalities exceeding 10,000 each year (Adams et al., 2024). Boko Haram and its splinter group, the Islamic State West Africa Province (ISWAP), expanded their reach beyond Borno, Yobe, and Adamawa into Niger, Zamfara, Kaduna, and Plateau States. This geographic spread has made coordinated responses more difficult for both media organisations and security forces. Editors are compelled to cover a wider range of violent incidents, often in remote areas, with limited access to verifiable sources.

The result is a high risk of misinformation, as newsrooms struggle to confirm details before public dissemination, while terrorists deliberately manipulate narratives for propaganda.”

He stated that terrorism in Nigeria is not only a security challenge but also a symptom of deep socio-political and economic distortions.

According to him: “High youth unemployment, recorded by the National Bureau of Statistics (NBS, 2023) at 53.4 per cent among persons aged 18–35, has created fertile ground for extremist recruitment.

In many northern communities, ideological manipulation thrives amid poverty, governance deficits, and limited educational opportunities.

The politicisation of security management, porous borders across the Sahel, and unchecked arms trafficking have complicated coordinated responses.

Furthermore, ethno-religious divisions have sustained cycles of mistrust, weakening state authority. The proper analysis of the situation and the creativity of the media in framing these issues with the right context is essential.”

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    A new-generation bank has uncovered an alleged $510,000 diversion carried out by one of its former staff members, Obinna Nwaobi, leading to his arraignment by the Economic and Financial Crimes Commission (EFCC) before the Federal High Court in Enugu.

    In a statement, the EFCC confirmed that Nwaobi was brought before Justice C.O. Ajah on a five-count charge bordering on criminal diversion, fraudulent conversion, and abuse of office.

    The Commission said the suspect allegedly manipulated a customer’s domiciliary account and diverted a total of $510,000 for personal use.

    Investigations began after the new-generation bank detected irregular transactions during routine scrutiny by its strengthened anti-fraud unit.

    The bank immediately escalated its findings to the EFCC, prompting the comprehensive investigation that resulted in Nwaobi’s arrest and prosecution.

    The bank noted that the incident further highlights the importance of robust internal controls and reaffirmed its commitment to sanitising the banking sector.

    It explained that it has invested in enhanced fraud-monitoring systems, continuous staff ethics training, and stronger compliance processes to safeguard customer funds and maintain public trust.

    The EFCC told the court that Nwaobi used his position to access and manipulate account records without authorisation.

    The defendant, however, pleaded not guilty to all the charges.

    Justice Ajah ordered that the defendant be remanded in EFCC custody pending consideration of his bail application and adjourned the case to a later date for trial.

    The EFCC assured that it will continue to collaborate with financial institutions to curb insider fraud and protect the integrity of Nigeria’s financial system.

    ​  

    Wale Igbintade A new-generation bank has uncovered an alleged $510,000 diversion carried out by one of its former staff members, Obinna Nwaobi, leading to his arraignment by the Economic and

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    Gov Sule Hails NIPC, Core International Collaboration On Project Profiling In Nasarawa 

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    Kasim Sumaina in Abuja 

    The Governor of Nasarawa State, Abdullahi Sule, has expressed deep gratitude to Nigeria Investment Promotion Council (NIPC), and Core International who partnered to explore cutting‑edge digital tools to streamline and showcase the state investable projects across sectors.

    The governor, expressed his gratitude when the Nasarawa State Government, through its investment arm, Nasarawa State Investment and Development Agency (NASIDA) hosted a high‑level working mission of the Nigerian Investment Promotion Commission (NIPC) and Core International, a specialist consultancy in natural resources, focused on project profiling and investment promotion for the state.

    Sule, while thanking NIPC and Core International for selecting Nasarawa as a sub‑national pilot for the initiative, underscored his administration’s commitment, noted that “Nasarawa is investable – whether it’s agriculture, mining, or the emerging oil and gas sector, we are fully prepared to welcome all investors who are genuinely committed to our state’s development. 

    “This partnership with NASIDA is strategic and forward‑looking.”

    He added that the state’s rich endowment of natural resources and arable land presents multiple high‑impact opportunities.

    On his part, Platform Director for Core International, Archi Tronko, said the visit was part of a national programme by NIPC and Core International aimed at boosting Nigeria’s overall investment attractiveness through digital‑first, targeted global outreach.

    Tronko, in a statement issued in Abuja said, “We had a highly fruitful and rigorous meeting with the governor and NASIDA team. We were able to pinpoint critical pressure points in project preparation and immediately proffer tangible solutions, which is a core pillar of the NIPC–Core International partnership. 

    “Our mission is clear: we are here to optimise and support state investment efforts. Nasarawa is demonstrating the proactive effort required to attract serious capital, and we look forward to fully supporting its deliverables.”

    Tronko added: “We were able to pinpoint critical pressure points in project preparation and immediately proffer tangible solutions, which is a core pillar of the NIPC and Core International Partnership. Our mission is clear: we are here to optimise and support state investment efforts.

    “Nasarawa State is demonstrating the proactive effort required to attract serious capital and we look forward to fully supporting its deliverables.”

    “The mission concluded successfully with the selection of a group of high-profile projects that will be included in the national investment programme, marking a significant milestone in Nasarawa’s drive to become a prime investment destination in Nigeria.

    “The NIPC and Core International team will now continue its working mission to other Nigerian States. This programme is open to both state-owned and private sector projects seeking project preparation and enhanced investment promotion support,” he concluded.

    ​  

    Kasim Sumaina in Abuja  The Governor of Nasarawa State, Abdullahi Sule, has expressed deep gratitude to Nigeria Investment Promotion Council (NIPC), and Core International who partnered to explore cutting‑edge digital tools to streamline

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