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EXCLUSIVE: Despite cash crunch, public outcry, Saraki takes delivery of new N330million exotic cars

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The Senate President, Bukola Saraki, has taken delivery of new exotic cars purchased by the National Assembly management for his official use, brushing aside widespread criticisms against such lavish spending at a time of national economic crisis.

PREMIUM TIMES had exclusively reported that the Nigerian legislative body proposed to splash about N4.7 billion on at least 400 vehicles for leaders and members of the Senate and House of Representatives.

Among the proposed vehicles were 10 top-of-the-range cars for Mr. Saraki and his official convoy.

Our market survey showed the vehicles cost N329, 515,625 – more than the budgetary allocations for many government schools.

The report triggered a firestorm of reaction from Nigerians, including President Muhammadu Buhari and former President Olusegun Obasanjo, who urged the National Assembly to shelve the plan.

Mr. Buhari said he had rejected a proposal for new vehicles to be purchased for him as part of 2016 budget expenditure.

“I turned down a N400 million bill for cars for the presidency, because the vehicles I am using are good enough for the next 10 years,” the president said during his first media chat.

Former President Olusegun Obasanjo also wrote members of the National Assembly asking them to jettison the plan to buy official vehicles.

“Whatever name it is disguised as, it is unnecessary and insensitive,” Mr. Obasanjo said. “A pool of a few cars for each Chamber will suffice for any Committee Chairman or members for any specific duty. The waste that has gone into cars, furniture, housing renovation in the past was mind-boggling and these were veritable sources of waste and corruption. That was why they were abolished. Bringing them back is inimical to the interest of Nigeria and Nigerians.”

But PREMIUM TIMES can report today that the National Assembly management ignored such concerns and, finalised procurement processes for the vehicles, and indeed took delivery of them for Mr. Saraki.

At least four of the 10 vehicles meant for Mr. Saraki have already been delivered by Lanre Shittu motors and the lawmaker has since put them to use.

Officials briefed about the matter told this newspaper that procurement process for the purchase of vehicles for the senate president was concluded since December.

However, like Mr. Saraki, the tenders board agreed the purchases be made in batches due to paucity of funds, our sources said.

Stressing what the Senate spokesperson, Aliyu Sabi, had earlier said, the source said procuring new vehicles for Mr. Saraki became a “matter of priority” because “the current cars are old and already developing faults”.

PREMIUM TIMES obtained tender documents for the 10 cars Mr. Saraki requested.

In the document, the National Assembly sought to purchase a 2016 model Mercedes Benz S550, four 2016 Toyota Prado jeeps, four 2016 Toyota Hilux SS (Auto) as well as a 2016 model Toyota Hiace Bus.

 

PREMIUM TIMES’ independent market evaluation showed the cars cost as follows: 1Nos.Mercedes Benz S550 (N49, 020,625); 4nos. Toyota Prado (N149, 650,000); 4nos Toyota Hilux SS (N102, 407,500) and 1Nos. Toyota Hiace Bus (N28, 437,500).

At N250 to the dollar, PREMIUM TIMES estimated the total cost of the purchase at N329, 515,625.

The four cars delivered yet, and confirmed by this paper, are three Toyota Prado SUVs and one Mercedes Benz S500.

[Pictures inset]

120 cars for Senators

PREMIUM TIMES also confirmed that the procurement processes for the purchase of 120 Toyota Land Cruisers for the remaining 119 Senators were also concluded last December.

The tenders board also agreed to shelve the plan temporarily due to “paucity of funds.”

A source said senators however continued to pressure the Committee on Senate Services, which in turn put pressure on the National Assembly management to immediately conclude the procurement.

An estimated N4.7billion would have been spent by the time the acquisition of cars for Mr. Saraki and his 108 colleagues are completed.

A cocktail of illegalities
As we reported in an earlier story, the acquisition of cars for senators is a violation of the monetisation policy of the federal government.

Under the policy, no new vehicles should be purchased by any agency of government for use by officials.

Rather, public officers and political office holders are to receive 250 per cent of their annual basic salary as motor vehicle loan, which translates to N5.07 million for each senator.

Our sources at the National Assembly said the Senators got these loans before also proceeding to acquire these new Toyota Land Cruisers.

Also, the President of the Senate is said to have inherited the vehicles used by his predecessor, and Senate insiders say “he really does not need new cars as the one he uses are in top condition”.

But even if he needs new cars, the number being acquired for him is in excess of what the law provides.

According to the Revenue Mobilisation, Allocation and Fiscal Commission, the Senate President is entitled to a maximum of six vehicles, and not 10 as being bought for him.

He is entitled to two official cars, one pilot car, one protocol/press car, one ambulance and one security car.

Members of the two chambers of the national assembly are renown for their taste for exotic vehicles even after receiving monetary pay in lieu of official vehicles based on the provisions of the law.

The Senate had in the last legislative session bought Toyota Prado Jeeps for each Senator at the cost of over N1.3 billion, coming after both chambers had also bought Toyota Camry, for Senators and Peugeot vehicles for members of the House of Representatives.

The allegedly shady deal involved in the purchase of the Peugeot vehicles formed part of the charges against then Speaker Dimeji Bankole when he was taken to court after completing his term.

What N4.7billion can do
If deployed towards enhancing healthcare delivery, N4.7 billion can be used in building 235 primary health care centres across Nigeria (enough for at least 6 health care centres in each state) at the cost of N20 million each.

The money, N4.7 billion, can also provide over 470,000 children with insecticide-treated mosquito nets at N10,000 each, saving them from the scourge of malaria which today kills more than 300,000 Nigerian children under the age of five annually and responsible for 11 per cent of maternal mortality cases yearly, according to experts at the Malaria Action Programme for States (MAPS).

Still on healthcare, over 10 million Nigerian kids could get complete malaria treatment dosage, at N460 if the N4.7 billion was directed to this life-saving purpose.

If that money is spent on boosting yield of farm produce, the amount can cover the cost of procurement of about 626,667 bags of fertilizers for Nigerian farmers at N7,500 each.

The money –N4.7 billion – can also offset a six-month wage bill of 40,000 minimum wage workers presently owed salary payment by some state governments seeking bailout from the federal government.

In order to provide conducive learning environment in schools, 470,000 sets of school furniture, comprising table and chair at N10,000 each, can be procured at the cost of N4.7 billion. Yet kids sit on bare floors to study in many schools across the country while the parliamentarians gets N4.7 billion to buy cars.

In the housing sector, at N7million per piece, the country can provide 671 additional cheap housing for citizens; and provide 51 thousand households with potable water at N92,000 per household connection.

Culled @ Premium Times

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Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour

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Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour

 

 

 

Laffmattazz, one of Nigeria’s foremost comedy and live entertainment brands, is pleased to announce its official partnership with First Bank of Nigeria Limited for the highly anticipated Laffmattazz 2026 International Tour, themed “Next Chapter: A New Season of Laughter.”

 

Now in its 15th year, Laffmattazz—the brainchild of renowned Nigerian comedian Gbenga Adeyinka (Gbenga Adeyinka 1st)—has evolved into a cultural phenomenon, celebrated for its seamless fusion of comedy, music, and live stage performances.

 

The 2026 tour, which kicked off on Easter Sunday, April 5th, 2026 at the Jogor Centre, Ibadan, marks a significant milestone in the brand’s journey. Building on over a decade of success across Nigeria, this year’s edition signals a bold expansion into the international market, with a multi-city run in Canada, alongside major stops in Akure, Abeokuta, and Lagos.

 

This strategic partnership with First Bank of Nigeria Limited underscores a shared commitment to excellence and innovation. It is also aligned with FirstBank’s First@Arts initiative—a significant and ongoing program dedicated to supporting the creative arts, entertainment, and cultural sectors. Through this initiative, FirstBank provides financing, advisory services, and actively fosters a sustainable value chain for artists and creative entrepreneurs, while supporting key industry platforms such as the Nigerian Entertainment Conference.

 

Speaking on the collaboration, the Laffmattazz team stated:

 

“We are delighted to welcome First Bank of Nigeria Limited as a strategic partner for the Laffmattazz 2026 International Tour. As we mark 15 remarkable years of Laffmattazz, this partnership reinforces our vision to take premium Nigerian entertainment beyond borders, while delivering even bigger, better, and more memorable experiences for our audiences.”

 

As a key partner, First Bank will enrich the tour through innovative customer engagement initiatives, experiential activations, and exclusive fan experiences across all tour locations.

 

With its distinctive blend of humor, culture, and live entertainment, the Laffmattazz 2026 Tour is poised to connect audiences across cities and continents, bringing laughter to thousands of fans worldwide.

 

 

About Laffmattazz

 

Laffmattazz is a premier Nigerian comedy and entertainment brand, now in its 15th year, renowned for its vibrant live shows and nationwide tours. Founded by Gbenga Adeyinka 1st, the brand continues to deliver high-quality experiences that celebrate creativity, culture, and laughter.

 

About First Bank of Nigeria Limited

 

First Bank of Nigeria Limited is Nigeria’s oldest financial institution, widely respected for its legacy of trust, innovation, and customer-centric financial solutions that support economic growth and development. Through its First@Arts initiative, the Bank continues to play a pivotal role in empowering the creative industry and driving sustainable growth across the sector.

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Opinions divided over Pasuma Jaiye Kuti proposed wedding 

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Opinions divided over Pasuma Jaiye Kuti proposed wedding 

 

 

The current threading in *entertainment* world of speculated society marriage between oganla Fuji, Wasiu Alabi Pasuma with Nollywood icon, and widely acclaimed Queen of the tube jaiyeola Kuti has brought out different opinions amongst the fans and entertainment personnel.

 

What started as a rumour and mirage is gradually turning to reality and some fans are saying it’s not possible for Jaiye Kuti who is one of the scandal free Nollywood actress to be involved in such an unholy union with Pasuma

Most people who spoke with our correspondence, are of opinion that such a marriage can only happen in a mirage sessions and in Nollywood movies that apart Jaiye Kuti been responsible and married with children, Pasuma is someone who have vowed not to married and have a woman under his roof.

But to some also, it’s not impossible as artistes are known to be engaging and married to each other after denied and counter claims, which made and at the end they will go ahead and married . With this most people believe that truly there’s marriage in offspring for both celebrities While both parties refused to comment on the trend controversial issues about the whole issue , the world is anxiously waiting if this well circulated story of Pasuma getting married to Jaiye Kuti will come to pass or it will turn out to be a mirage.

Either way the die is cast as all eyes will be on Jaiye Kuti and Pasuma with searchlight on Nigeria entertainment industry once again

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PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

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PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

 

President Bola Ahmed Tinubu has congratulated his Senior Special Assistant on Digital Engagement, Strategy and New Media, Mr Otega Ogra, on his election to the Executive Committee of the World Federation of Advertisers (WFA).

 

The election took place today at the organisation’s Annual General Meeting, held during the Global Marketing Week Conference in Stockholm, Sweden.

PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE

President Tinubu described the development as a significant step for Nigeria’s growing influence in global communications.

 

He noted that Mr Ogra’s emergence as the only representative from West Africa and Sub-Saharan Africa on the Executive Committee reflects the depth of Nigerian expertise and the contribution of a new generation of young Nigerian professionals to global industry standards.

 

Mr Ogra was elected to the Executive Committee on the platform of the Advertisers Association of Nigeria (ADVAN), underscoring the role of Nigeria’s organised advertising and marketing industry in shaping representation at the global level.

 

The WFA is the leading global body for advertisers, representing over 150 multinational and Fortune 500 companies, alongside national advertiser associations across more than 60 countries, with a combined annual marketing spend running into hundreds of billions of dollars. Its Executive Committee is the organisation’s highest decision-making body, responsible for setting priorities and guiding global policy on responsible advertising, media transparency, sustainability, and the evolution of digital ecosystems.

 

President Tinubu noted that Mr Ogra’s election is both a personal distinction and a strategic opportunity for Nigeria and the African continent, placing them at the centre of global conversations on brand trust, platform accountability, innovation and the future of marketing and communications.

 

The President commended Mr Ogra, who also serves as Vice President of ADVAN, for his sustained contributions to strengthening Nigeria’s marketing and communications ecosystem, drawing on a career spanning leadership roles across the banking, manufacturing, and public sectors.

 

“Otega’s election reflects the growing recognition of Nigerian expertise and affirms our capacity to contribute meaningfully to the frameworks shaping global markets,” the President said.

 

President Tinubu added that the achievement aligns with his administration’s Renewed Hope Agenda, particularly in advancing the creative economy, strengthening digital governance, and positioning Nigeria as a competitive hub for innovation and enterprise.

 

Josh Faulks, CEO of the Australian advertiser association (AANA), and Simon Michaelides, Director General of the UK advertiser association (ISBA), also join the leadership team.

 

Current members of the executive committee, David Wheldon, President and Philip Myers, Deputy President, who is also the Chief Institutional Affairs and Corporate Communications Officer at Ferrero, continue in their current roles, as do all regional vice presidents.

 

 

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