1. The controversy surrounding the purported Presidential Foreign Investment Promotion Council deepened on Wednesday as the Senate rejected, for the second time in one week, a request to investigate the controversial budgetary allocation to the alleged agency, while former Vice President Atiku Abubakar and the Presidency traded accusations over how the matter should be probed.
The Nigeria Police Force on Tuesday arrested Adeniyi Adeyemi, the self-styled Director-General of the alleged council, following a bench warrant issued by a Federal High Court in Abuja, after he failed to appear for his arraignment on an eight-count charge bordering on alleged conspiracy, forgery and impersonation following the widespread scandal.
2. A teacher at Community High School in Oriire Local Government Area of Oyo State has said pupils and teachers have resumed academic activities following the rescue of the abducted victims, but fear still lingers because of the absence of visible security around the school. The teacher, who didn’t reveal his name in the TVC interview uploaded on Wednesday, disclosed this while speaking after the victims regained their freedom following nearly two months in captivity.
3. The National Bureau of Statistics, NBS, has said headline inflation rate slowed to 15.91 per cent in June from 15.93 per cent in May. NBS disclosed this in its latest Consumer Price Index, CPI report released on Wednesday, noting that the food index increased 17.52 per cent in June from 16.96 per cent in May 2026.
4. The Federation Account Allocation Committee, FAAC, has shared N2.550 trillion as revenue generated in June 2026 among the Federal Government, states and the 774 local government councils. The latest allocation is N250 billion higher than the amount shared for the previous month. It represents an increase of 10.9 per cent.
5. A Federal High Court sitting in Abuja, on Wednesday, ordered the final forfeiture of 48 properties linked to a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, to the federal government. Justice Joyce Abdulmalik granted the order after accepting the application filed by the Economic and Financial Crimes Commission’s, EFCC.
6. Nigeria’s Permanent Representative to the United Nations, Amb Jimoh Ibrahim, on Wednesday, said President Bola Tinubu has confirmed his attendance at the 81st session of the United Nations General Assembly in New York, United States, scheduled for September. This was as a source with knowledge of the discussions further said that a chance meeting with United States President Donald Trump appears likely.
7. The Nigeria Civil Aviation Authority, NCAA, has barred the American pilot involved in the June 10 aviation incident at Asaba Airport from operating within Nigeria’s airspace and suspended the aircraft’s First Officer pending the outcome of ongoing investigations. The Director-General of Civil Aviation, Capt. Chris Najomo, disclosed this on Thursday on the sidelines of the Airport Business Summit in Lagos.
8. Troops of the Joint Task Force, North West Operation FANSAN YAMMA have rescued 13 kidnap victims during separate operations in the Anka and Kaura Namoda Local Government Areas of Zamfara State. The operation, carried out by troops of Sector 2, also disrupted planned terrorist activities, forcing the suspects to flee and abandon their captives.
9. A combined team of police and other security agencies has launched a manhunt for gunmen who abducted the principal of Government Secondary School, Odo-Ekina, four students and one NECO ad hoc staff member during the ongoing National Examinations Council examination in Dekina Local Government Area of Kogi State. It was reports that the incident occurred on Tuesday at about 5:25pm, when the school came under attack while students were writing the examination.
10. The Senate on Wednesday called for immediate deployment of security personnel to Akpachi-Ugboju, Otukpo-Nobi, Ondo Ugboju and surrounding communities in Benue, following renewed attacks by suspected bandits which had claimed no fewer than 20 lives. The resolution followed a motion sponsored by Sen. Abba Moro, PDP-Benue South on the urgent need to stop the gruesome killings in the affected communities in Otukpo Local Government Area of the state.
