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20260806 120000 UTC
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[00:00:02] of
[00:00:12] Hello again and thank you for joining us here on the news. I am
[00:00:15] Kelly. Egiga. Following Tuesday morning's minor
[00:00:19] earth tremor recorded across parts
[00:00:21] of the federal capital territory at 11 am. The minister of solid minerals
[00:00:25] development. Deele Alake has directed the Nigerian
[00:00:29] geological. survey
[00:00:30] of agency to provide early seismic updates for continuous
[00:00:34] assessment. the minister was responding to an alert by the
[00:00:38] NJSA
[00:00:39] of reporting that tremos shook
[00:00:41] of several buildings in
[00:00:42] of Abuja on Tuesday August 4 this year. the
[00:00:45] NSA seismic monitoring station, otako
[00:00:49] recorded the earth tremor at exactly
[00:00:52] of
[00:00:52] of 11:23 am noting that it originated from a 1
[00:00:56] km
[00:00:57] of death and spread across a distance of f kilometers in
[00:01:00] 5 seconds, however the NGASA interpreted the
[00:01:04] tremorus quote
[00:01:06] of light events of one to two magnitude
[00:01:09] of the americally scale
[00:01:11] in a statements by his special assistant media
[00:01:15] in Lara Owaywise, the minister reassures residents
[00:01:18] of the FCT that proactive security measures are in place to save
[00:01:22] guard lives and property, urging everyone to
[00:01:26] of remain calm. This latest event ecos previous.
[00:01:30] siismic activity
[00:01:31] of the territory, notably the recurring trem was recorded on
[00:01:34] of September 5 and 7, 2018, which rattled
[00:01:38] communities in mbape,
[00:01:40] of of
[00:01:40] of metama and katampe. Geological experts are maintaining that
[00:01:44] while
[00:01:45] of the FCT lies within an area containing ancient
[00:01:48] geological faults that can occasionally become
[00:01:52] active, abuja streamers are generally low
[00:01:55] magnitude and have not caused significant structural
[00:01:59] d'
[00:02:07] We're counting down to the governorship elections in Oshin
[00:02:10] States and there been some sort of drama and twists so
[00:02:14] of long as that elections concern, but let's uh
[00:02:18] begin with news that we're tracking
[00:02:20] of for you this as the economic and financial crimes commission have been
[00:02:24] explaining uh why it froze the accounts
[00:02:27] of the state's government, the EF. cc
[00:02:30] have maintained, the EFCC have rather been
[00:02:33] maintaining and explaining why they fros the account
[00:02:37] of the Oshin States governorship, governorship
[00:02:40] accounts, governor state, the state accounts a bigger pardon
[00:02:44] insisting that there were, they've been monitoring that account
[00:02:48] for quite some time now, as regards ecological funds and fac
[00:02:52] allocations to the tune of 11 billion
[00:02:55] nara, the head of media and publicity
[00:03:01] of of the EFCC disclosed this to media men
[00:03:02] in a statements which was signed yesterday,
[00:03:05] Wednesday.
[00:03:12] of of Well, that's decision has drawn reactions now. The governor of Oshin
[00:03:16] States at Delique. Ademal
[00:03:18] a of Delic is accusing the EFCC and has given reasons
[00:03:22] why it fros the oceun states government accounts.
[00:03:25] of Well, the governor was speaking an interview while refuting.
[00:03:30] uh claims by the EFCC. In the meantime,
[00:03:34] uh, some representatives
[00:03:35] of the state governments, the Commissioner for Information and Enlightenment,
[00:03:39] Mr. Kolak was speaking earlier on our breakfast program the
[00:03:43] morning brief, and he made
[00:03:46] allegations against the APC LED administration. Well, he has also
[00:03:50] received some sort of pushback from the APC LED
[00:03:54] of administration, who have also criticized the accord party
[00:03:58] as regards issues around. with the state's statutory
[00:04:02] account. the ESCC loss
[00:04:06] the
[00:04:06] of power in to freeze
[00:04:09] of account
[00:04:10] of an individual not to talk of that
[00:04:12] of the state without court order. instance
[00:04:18] of of of case of of states, the question is that the
[00:04:21] forcing
[00:04:22] a
[00:04:24] of of of the account was
[00:04:29] of a of of the court order, the answer is no, that says the matter, that's the first. hero committed by
[00:04:32] of EFCC, it is quite surprising that the same
[00:04:37] of EFCC to which also state government petitions
[00:04:41] since 2025, I will send you copy of
[00:04:45] that petition received by GFCC of car case of money
[00:04:49] laundering and mismanagement management of
[00:04:52] f against the marine
[00:04:56] minister and
[00:05:00] against the yes or no chairman
[00:05:03] of wearing the
[00:05:03] of withdrew in cash over a period of three months
[00:05:07] 1.6 billion year we attach to that petition all
[00:05:11] relevant documents statement. of account and everything up to this
[00:05:15] moment that I'm talking EFCC has closed its
[00:05:18] eyes to that petition, but
[00:05:22] whenever APC just put anything on paper, even this
[00:05:26] morning, before evening, EFCC will start
[00:05:29] working on it and such
[00:05:31] money was was actually paid
[00:05:35] to us for for it to be transferred to any place
[00:05:39] and they are the anti-graft agency if they have. the
[00:05:42] back the let us know the the
[00:05:45] what i was telling you was
[00:05:47] that every month every month
[00:05:49] the the responsibility of financial res the local government happen to be
[00:05:53] about 6.5 billion na which they which are supposed
[00:05:57] to be paid from the local real location we have
[00:06:01] bearing that one by the time we had the state bill with that the
[00:06:05] local government bill there's nothing left for
[00:06:08] us as a culture of
[00:06:12] try to be the judge in their own
[00:06:15] case, it is not correct that,
[00:06:18] after meeting the obligations obligations
[00:06:21] in state that will not be anything left for the government to
[00:06:25] spend, the allocation to state
[00:06:28] averagel now is about 14, 15
[00:06:31] billion
[00:06:32] and the monthly wage vill is about 6 billion, just
[00:06:36] about one billion different for what it used to be
[00:06:40] when we were in government and even during that time the
[00:06:44] average allocation to state during the administration
[00:06:47] of was about two
[00:06:50] billion and the way bill was about five
[00:06:53] 5.5 billion so the w has not changed
[00:06:56] drastically if the EFCC has now coming to
[00:07:00] investigate government they go and face EFCC they should
[00:07:03] notice at all
[00:07:05] uh we started in 2023 about the culture of corruption in
[00:07:09] our states we have said it often times that the
[00:07:13] government of is corruption reading and
[00:07:17] i will site two or three examples in
[00:07:19] 2023 when president
[00:07:23] removed first subsidy he gave two billion to each state
[00:07:27] the federation among other things to purchase
[00:07:30] cng buses and improve on the transportation the states of
[00:07:34] state diverted that two billionaire are you aware that the lg
[00:07:38] chairman of led by the APC are receiving funds directly from the federation
[00:07:42] account is that correct? of course, because they are the legally
[00:07:46] recognized structure. so why are they not paying teachers
[00:07:50] from the local government funds? why is the state government paying as alleged by Mr. alimi
[00:07:54] and the government? if they are paying teachers or not? i'm
[00:07:57] not aware. but i know for fact that recently they
[00:08:01] purchased over 300 motorcycles for security agencies in the
[00:08:05] state. i'm also aware that they purchased over 90 in
[00:08:08] logs for security agent. please receive their own.
[00:08:17] Away from Oushen State, the House of Representatives Adag committee
[00:08:21] investigating the alleged establishments and operations the presidential
[00:08:25] foreign investment promotion council, PfiPC is planning to meet
[00:08:28] discretely with the controversial DG the
[00:08:31] Council. The committee chairman Yusuf
[00:08:35] Gagde explains that Deni is currently in the custody the
[00:08:38] police and is being investigated by the anti-graft agent.
[00:08:42] says the wint a businessman Benga Collins were appeared before the
[00:08:46] committees claiming to have paid 400 million
[00:08:50] narra to a DME for a contract to
[00:08:53] renovate and funnish his official residence. A national assembly
[00:08:57] correspondent Terry Kumy
[00:08:58] reports.
[00:09:12] Nigeria deposite Insurance Corporation and the
[00:09:16] House of Reps Committee on insurance and actual matters have
[00:09:20] again collaborated to strengthen the country's financial
[00:09:24] safety nets to ensure prompt protection of
[00:09:27] depositors in the aftermath the completion the bank
[00:09:31] recapitalization exercise. Over 60 members the House
[00:09:35] Committee met with the leadership the NDIC and Lagos at
[00:09:38] retreats jointly organized by both institutions to
[00:09:42] examine the implications the exercise and the
[00:09:46] growing risk with fintech innovation, while the chairman the
[00:09:50] house committee amadu Jaha called for stronger regulatory
[00:09:54] oversight and financial safety net mechanisms to protect
[00:09:57] depositors, the managing director and chief executive officer of
[00:10:01] NDIC Thompson Sunday on his part told the
[00:10:04] retreat that the exercise must be backed by sound
[00:10:08] governance and a strong compliance
[00:10:09] culture. At the
[00:10:13] time, the Nigeria is undertaking one the most significant banking
[00:10:17] recapitalization exercises in its recent
[00:10:21] history, requiring banking to strengthen their capital.
[00:10:25] is while remaining innovative, resilient and
[00:10:28] competitive. this development present animals
[00:10:32] opportunities for economic growth, financial
[00:10:36] inclusion and innovation. as innovation
[00:10:39] accelerates, our possibility as policy
[00:10:42] makers is to ensure that deposit of
[00:10:46] protection, financial stability and consumer confidence evolve
[00:10:50] at the same pace. the house of representative remains
[00:10:53] fully committed to providing the legislative support necessary
[00:10:57] to strengthen Nigeria's financial safety
[00:11:00] architecture. a time when Nigeria as a country is
[00:11:04] pursuing ambitious economic growth objectives, including the goal
[00:11:08] of attaining a $1 trillion dollar economy in 2030,
[00:11:12] robust and credible financial safety net is
[00:11:15] essential to maintaining depositors and investors confidence
[00:11:19] and enhancing financial system resilence. we
[00:11:23] stand here boldly to say that to Today over 98% of
[00:11:26] depositors representing more than 281
[00:11:30] million accounts across insured institutions are fully
[00:11:33] covered by our deposit insurance
[00:11:36] scheme.
[00:11:40] The Nigerian Customs Service (Adamawa taraba
[00:11:43] commanders) parts of efforts aimed at Kirbyn
[00:11:47] smuggling has intercepted contraband with a duty
[00:11:50] paid value of over 362 million.
[00:11:55] lionar along the country's border with Cameroon and Chard within a
[00:11:59] period of six months. This disclosure was made by the
[00:12:02] controller general of control of customs the command
[00:12:06] Mohammed Abdullahi taco during a media briefing at the headquarters the
[00:12:10] command in Uola and the Mawa states. Among the major seizures
[00:12:14] were 220 kilograms of Pangoline
[00:12:17] scales packed and three sacks, 48 ivory
[00:12:21] turks weigh 74 kilograms concealed in two. sacks
[00:12:25] and 534.55 kilograms of dried
[00:12:29] donkey meat intercepted along the Yola Numan road on
[00:12:33] July 23, the command also seized a darf low-bed
[00:12:37] trailer transporting a sunny motor grader allegedly
[00:12:40] bound for export to the Republic of Chad alongside large
[00:12:44] quantities of premium motor spirit PMS, popularly known as petrol
[00:12:48] recovered during multiple operations across border
[00:12:51] communities. The command intercepted.
[00:13:02] the command occasion to listen
[00:13:06] to the confine the
[00:13:10] command intercepted and
[00:13:12] seized 23
[00:13:15] 25,995 l of
[00:13:18] pms that is equivalent to
[00:13:22] 13 13 jericans
[00:13:25] of PMS and one
[00:13:29] drum
[00:13:33] and one
[00:13:34] and one drum, subsequently 9
[00:13:37] kilograms of cannabis sativa was also
[00:13:40] intercepted, 74 kilograms of
[00:13:44] averitors, 220 kg of
[00:13:48] pangulin scales, 64 pieces of complete
[00:13:52] row donkey skin and 534.5 5
[00:13:56] kilograms of dried donkey meat,
[00:14:00] three vehicles, one darf lob truck,
[00:14:03] isani moto grader and one toyota highest
[00:14:07] bus, smuggling petroleum
[00:14:11] products, endangered wildlife species and
[00:14:14] cannabis sativer directly
[00:14:17] supported national
[00:14:19] security, underm public health and economic
[00:14:22] stability, we maintain zero
[00:14:25] tolerance for illicit trade,
[00:14:28] offenders will face route the law and
[00:14:32] full for future their
[00:14:35] assets. Please be informed
[00:14:39] that following this briefing,
[00:14:43] these donkey skins will be destroyed
[00:14:46] immediately in collaboration with relevant
[00:14:49] interagency partners. passing to
[00:14:53] the provisions the Nigerian. service at
[00:14:57] 2023,
[00:15:02] this is new strike, let's take a moment, we're back with business and sports news, please stay with
[00:15:06] us,
[00:15:18] the day begins with news gathering and research, we need to confirm the
[00:15:22] story.
[00:15:26] directors as well as policy makers from the business
[00:15:30] districts to the corporate the policy, actions and even
[00:15:33] inaction of both the fiscal and the monetary authorities
[00:15:37] make impact: 90% of Ningeria's economy is an informal
[00:15:41] sector, just like this market, and take for example, they
[00:15:45] impacted by government policies like inflation rates,
[00:15:48] prices, keep going
[00:15:51] up. While trading
[00:15:54] is fast and mostly virtual, get the top stories that set to
[00:15:58] investing agenda. Beyond Africa, we got you
[00:16:02] covered. It's a full menu for you every
[00:16:04] weekday. Business. morning and business
[00:16:08] incorporated only on channels
[00:16:11] television.
[00:16:25] welcome back, tension splayed out on the streets of Lagos and Abuja on Wednesday as
[00:16:29] members the hashtag ticketback movement renewed their demands for
[00:16:33] change even as supporters the federal government staged
[00:16:36] counter. protest back in the current administration, although the
[00:16:40] police were deployed to both his cities to ensure peace and
[00:16:43] lagos, the protesters were dispersed with the
[00:16:47] gas,
[00:16:54] lagers witnessed protests organized by the
[00:16:58] hashtag taking back movement earlier today, a
[00:17:02] large number of members the movement took to the streets of
[00:17:05] Lagas mainland with blackards and banners, some
[00:17:09] of which read, quote, festival the oppressed,
[00:17:13] end the security and killings, 500 thousand
[00:17:17] narrow minimum wage and freedom for all kidnapped
[00:17:21] victims and
[00:17:22] quote,
[00:17:35] as the protesters continued. their march, the police
[00:17:39] arrived moments later and dispersed the crowd
[00:17:43] according to them to stop the demonstration from
[00:17:46] degenerating into
[00:17:47] violence.
[00:18:07] you It is disating that uh Nigeria has degenerated
[00:18:10] to a state of lawlessness where you
[00:18:14] know the constitutionally empowered
[00:18:16] institution that is the Nigerian
[00:18:19] police and you know the government
[00:18:23] expected to not just secure the lives of Nigerian
[00:18:27] citizen but to also see to it that we have a continued
[00:18:31] existence the government is constitutionally sanctioned with the
[00:18:34] duty you know to secure the lives of Nigerians. by virtue of
[00:18:38] section 14 the constitution, but they have incurably failed in this
[00:18:41] regard.
[00:18:48] in the f city, the same group the hashtag taking back
[00:18:52] movement, guys around the begger area of central abuja
[00:18:56] for similar
[00:18:57] purpose.
[00:19:09] "we have number of demands that we must retarate here and
[00:19:13] include that Nigerian workers must be paid 500
[00:19:16] thousand nira per month as their minimum
[00:19:19] wage. we have also
[00:19:22] asked that they release
[00:19:26] kano from unjust and unlawful detention,
[00:19:30] that they discontinue all forms of trial, whether it's cyber crime,
[00:19:34] treason trials against activists and nigerians who have..." raising up
[00:19:37] their voice against bad governance in this
[00:19:39] country, but a counter
[00:19:43] protest in lagus and abuja, a group of youths
[00:19:47] said to be members of civil society also staged
[00:19:51] their protest in support the ruling government. on
[00:19:55] behalf the millions of Nigeria we represent, this
[00:19:58] coalition here by passes resounding vote
[00:20:02] of confidence in the director general
[00:20:06] the DSS Mr. Jai. They
[00:20:10] are doing a good job and they are
[00:20:14] doing an excellent job, we see it, acknowledge it and we
[00:20:18] defend it. However, even the most
[00:20:21] vigilant government must be reminded of
[00:20:24] festering wound that
[00:20:28] requires urgent surgical
[00:20:30] attention. Why
[00:20:34] deds has neutralized many threats to our national?
[00:20:37] security under the superb leadership the
[00:20:41] President Tinubu, there remains one man who
[00:20:44] continues to insult the intelligence of
[00:20:47] this nation,
[00:20:49] that man Mr. Amaly,
[00:20:53] he paris himself as an activist, but we know the
[00:20:57] truth, he is a merchant of chaos
[00:21:00] and
[00:21:04] a conveyor of anarchy and a threat to our collective
[00:21:08] collective peace. It does appear that the hashtag
[00:21:12] #taking back movement has chosen August 5th as a
[00:21:15] day of protest against what the group terms
[00:21:19] bad. last year the sim group held a
[00:21:22] rally in some locations across the country, for the
[00:21:26] group, their expectation is that authorities attend to the
[00:21:30] demands the leaders the hashtag taking back
[00:21:34] movement.
[00:21:48] time for a quick stop now. with her business dex, the manufacturers association of
[00:21:52] Nigeria says business confidence in the nation's industrial sector
[00:21:56] rebounded in the second quarter of 2026, driven by optimism
[00:21:59] over recent government reforms and expectations of
[00:22:02] improved operating conditions. According to the latest
[00:22:06] manufacturers CEO confidence index, the aggregate
[00:22:09] score rose to 52.1 points from
[00:22:13] 48.7 in the preceeding quarters, signaling renewed
[00:22:17] confidence among manufacturers despite system challenges
[00:22:20] such as limited access to finance, high boring
[00:22:24] costs, power shortages and foreign exchange
[00:22:27] constraints. the reports also highlights stronger optimism across
[00:22:31] key sectors and industrial zones with manufacturers edging
[00:22:35] policy actions to improve credit access, energy supply
[00:22:38] and patronage of locally made products to sustain
[00:22:41] growth in the
[00:22:43] sector.
[00:22:47] as governments increasingly focus on delivering measurable results, the
[00:22:51] role of monitoring and evaluation is gaining prominence in
[00:22:55] public sector governance and lagos. Lagos, policy makers,
[00:22:58] development partners and community stakeholders are exploring ways
[00:23:02] to strengthen accountability and improve the impact of government
[00:23:06] policies.
[00:23:12] As legal state pushes its development agenda, stakeholders are
[00:23:15] exploring how to enhance service delivery and ensure
[00:23:19] public. projects deliver measurable results. The discussion
[00:23:23] is center at the 2026 monitoring and evaluation
[00:23:26] stakeholders forum themed leveraging monitoring and
[00:23:30] evaluation of advanced shared
[00:23:32] prosperity.
[00:23:36] The state ministry of economic planning and budgets believes that strengthening
[00:23:40] monitoring and evaluation remains central to
[00:23:43] promoting transparency, accountability and better
[00:23:47] development outcomes. is therefore expected
[00:23:51] to keeping collaboration among our stakeholders,
[00:23:55] encourage the exchange of best practices and generate
[00:23:59] practical recommendation that we further
[00:24:02] strengthen our monitoring and evaluation system in legal
[00:24:06] states, but having done this to ensure that there
[00:24:10] is real value for money, if we also take advantage
[00:24:14] of time value promotion save the the
[00:24:17] department for money and organization. It's always
[00:24:21] be,
[00:24:22] I will always be called
[00:24:23] in question. The role of host communities is also on the
[00:24:26] f: first and foremost we want to
[00:24:30] appreciate the legal state government
[00:24:33] for consulting us before
[00:24:36] commencing a project. The communities
[00:24:40] are always been involved in the
[00:24:43] monitoring the execution of projects
[00:24:47] within our various communities. and
[00:24:51] after the execution, the state government is
[00:24:54] always handing over such projects to the
[00:24:58] community. you data is very key and technology is also very
[00:25:02] key, so over the years we've developed our MNE capabilities
[00:25:06] from where
[00:25:07] you know things are done a lot more digital now, as you said we have the echo
[00:25:10] 360 app where you can go, we have things being done by civic and we can go
[00:25:14] and track uh the projects and people citizens can go for themselves and say
[00:25:18] look okay what's happening with the? uh children's hospital, they can go and they
[00:25:22] can log on, they can say, okay, this is where we are, this is the stage we are at, and this is where we're
[00:25:25] trying to get to at this point in time. stakeholders maintain that
[00:25:29] employing stronger collaboration, technology and continuous
[00:25:33] evaluation will be key to ensuring public
[00:25:36] investment deliver lasting benefits for Lagos
[00:25:39] residents.
[00:25:56] Let's talk sports of Falcon's head coach Justin Madugu is warning his players
[00:26:00] to step up their performance despite. qualifying for the
[00:26:03] quarterfinals the women's cup of nations, the super falcons of Nigeria
[00:26:07] booked the place in the last eights after dominant six to
[00:26:11] win against Egypt in the final group C match on Wednesday
[00:26:15] goals from assistwala gift
[00:26:17] Monday
[00:26:21] and Joey Omewa sealed the crucial win for the raining
[00:26:25] champions despite qualified for the quarterfinals their performances in the group
[00:26:29] stage have been a cause for concern which is... seen as
[00:26:33] not being convincing oh well gaz with the strike and
[00:26:37] gaz with the goal absolutely nail
[00:26:41] it for the super
[00:26:44] falcon and
[00:26:48] it goes this surely is number six and
[00:26:50] it is well that's surely can't be
[00:26:54] much more time Nigeria have done it
[00:26:58] they have taking it short on
[00:27:01] this. "naturally everyone will be
[00:27:04] happy, knowing fully well that you have advanced
[00:27:08] to the next stage the competition, given the
[00:27:11] circumstances where we found ourselves
[00:27:14] and uh we placed everybody a very
[00:27:18] tight corner and uh thank god that we have been able to come
[00:27:22] out of it, the competition will just be starting for
[00:27:25] us, it's it's a lesson for us to really understand
[00:27:29] that African football has grown." and you can't take anybody for
[00:27:33] granted, you can't take anybody for granted, if you make
[00:27:37] any mistake and you get punished for it, if you don't have
[00:27:41] second chance, that's the end the road for you, so we have
[00:27:45] gotten to a stage now where we cannot afford
[00:27:49] to make the kind of mistakes we were making at the group stage,
[00:27:53] because that would be costly for the team, we need to be very,
[00:27:56] very, very careful and play cautiously in the subsequent
[00:28:00] games that we have to play.
[00:28:05] The women cup of nations in Casablanca does a foroc on this news track
[00:28:08] track thanks and this for watching i'm Kelly
[00:28:11] again
[00:28:18] now.
[00:30:35] Well hello, welcome to business incorporated live on channels
[00:30:38] television, here's what's coming
[00:30:40] up and
[00:30:44] we see uh coming up today uh the oil prices uh
[00:30:48] little change there, but we see congo is banning exports and uh
[00:30:51] Kenya, the brewer there has posted growth for the
[00:30:55] financial
[00:30:56] year.