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REVEALED: NIGERIAN SENATORS, REPS YET TO COLLECT AUGUST SALARY
The economic down turn being experienced in the country has hit the National Assembly with attendant cash crunch which has resulted into non payment of August salary of the 469 federal lawmakers as at today, September 18, 2015.
The cash crunch as disclosed by one of the senators, is also largely responsible for crippling of oversight activities of already set up committees across the two chambers according to Leadership Newspapers
Making reference to the cash crunch being experienced in the National Assembly two days ago, a member of the Senate’s Ad- hoc committee on power, Senator Mao Ohuabunwa ( PDP Abia North), in an interview with journalists on the activities of the committee, disclosed that the much expected public hearing on power sector cannot hold for now due to non availability of funds to run it.
He said the cash crunch has no doubt prevented them as lawmakers over the months from carrying out their legislative functions effectively saying ” we cannot carry out our functions effectively because there is no money in the system”.
He, however, added that the problem of funding being faced by the National Assembly presently may perhaps be due to the expensiveness of bi- cameral legislature and Infact, presidential system of government , the country is running.
His words: ” Part of the problems we are facing now, is the problem of funding. I want to tell you outright because he who wears the shoe , knows where it pinches, our major problem now, is funding.
“There is no money in the system. Isolate the running of the parliament from parliamentarians . Isolate the cost of running of parliament from the parliamentarians in it. Running the parliament is expensive, presidential system of government in particular with bi- cameral legislature is an expensive part of democracy , so you can’t eat your cake and have it.
“So, now people keep saying how much is the budget of the parliament , amount of salaries of the lawmakers etcetera , forgetting that there are several sub- heads in the parliament . Infact, now, we cannot do our job effectively . We cannot do our functions effectively because there is no money.
“For example, we supposed to start the public hearing on the power sector on the 11th of this month, but we couldn’t because of lack of money. The idea was to have stakeholders meeting , the just ended interactive session for 2, 3 days from 8- 10 September , then 11th, we start the public hearing which supposed to end on the 15th day of September, 2015, but unfortunately we cannot do that because there is no money in the system to run the committee and perform our functions effectively.
“So what we have decided for now is to mellow down a bit till when the senate resumes for plenary sessions and see how we can raise money but before then, we believe money must have been released into the system.
“Infact , as it is today(Wednesday ), we have not collected our August Salary as federal lawmakers and by extension, the entire legislative staff of the federal lawmakers .
“Look at me here , I’ve not had August salary and this is 16th of September, 2015, but we don’t cry because we represent the people but that is the truth, am not telling you day by moonlight story, am telling you what is actually on ground”.
Apparently feeling the financial insolvency rocking the National Assembly more, are the 2,500 legislative aides of senators and members of the House of Representatives who are yet to be paid a single month salary since June this year when their various principals employed them , many of whom are even yet to get their severance gratuity after serving in the 7th National Assembly.
A disturbing situation that made them to make a mild protest at the central lobby of the National Assembly two weeks back over the N7billion worth allowances.
The unpaid allowances according to some of the legislative aides who spoke on condition of anonymity covers both severance gratuity and duty tour allowances which ranges from N1.5 to N3m per aide depending on grade levels and steps.
They alleged that based on information at their disposal, the N7billion meant for the payment had been released to management of the National Assembly by the Federal Ministry of Finance last month without any sign of readiness for payment from them.
“Our protest is all about prolonged delay we are experiencing in the payment of our severance allowances by the management of National Assembly, even weeks after payment of similar allowances to all the 469 federal legislators who served in the 7th Assembly.
“We believe that the protest, though aborted, has sent the needed message to them that we are ready for showdown with them any time from now if we are not paid the money in this month of September”, they said.
But in an internal circular later issued from the office of the Director, Personal Management of the National Assembly, the management said the money was not yet released from the Ministry of Finance as claimed by the aggrieved aides.
The Acting Director, M. A Abubakar, who issued the circular on behalf of the Clerk to the National Assembly, Salisu Maikasuwa, said: ” I am directed to inform all Legislative Aides to exercise more patience regarding their payment of severance gratuity and duty tour allowances as the management is making assiduous efforts to get the monies released from the ministry of finance.
“I also urge you to maintain the existing good working relationship between National Assembly Management and the Legislative Aides for an enduring welfare of the legislative aides. I wish to assure you that as soon as the monies are released, payment will commence without delay as all preparations have been concluded”.
Source : News Najiriya
More than ₦3 billion was targeted, but about ₦677 million reached the culprits, with recovery and prosecutions underway, reflecting how banks are responding to more sophisticated fraud risks.
Nigeria’s expanding digital banking sector is facing increasingly sophisticated fraud attempts, as financial institutions adapt to faster transactions and broader online services.
A recent case involving First City Monument Bank (FCMB), linked to fraudulent activity detected in December 2025, has drawn attention to how banks are responding to such incidents, with a focus on limiting exposure, recovering funds and working with law enforcement.
According to findings referenced in proceedings before the Lagos State Special Offences Court, the incident involved unauthorised transactions tied to a digital product. Early reports erroneously suggested more than ₦3 billion was lost. Subsequent clarification shows that over ₦3 billion was targeted, ₦2.4 billion was blocked and recovered, while ₦677 million got into the possession of the culprits. This outcome reflects the bank’s cyber security and monitoring capabilities, as well as improved collaboration among regulated financial institutions and with law enforcement agencies. Several suspects and beneficiaries have been apprehended, while recovery and prosecution efforts are ongoing, led by the Economic and Financial Crimes Commission (EFCC).
Proceedings at the Lagos State Special Offences Court have resulted in convictions, including that of a repeat offender, with restitution orders issued. Related matters are also being handled at the Federal High Court in Lagos, where additional suspects are being tried in connection with the scheme. This process is aimed at ensuring that bad actors are identified and permanently blacklisted from the financial system.
Authorities say recovery efforts are continuing as additional funds are traced.
Analysts note that the pace of legal action reflects closer coordination between financial institutions and enforcement agencies in addressing cyber-related financial crime.
The case comes as banks contend with more complex fraud methods, including social engineering and automated exploitation of system processes.
As digital products and platforms expand, so too does the risk associated with cyber-crime and related fraud.
“The scale of digital banking means risks are evolving alongside the systems,” said a Lagos-based financial analyst. “Institutions are now judged by how they manage these events.”
Observers say the sector is moving toward a stronger focus on response and recovery, rather than prevention alone.
This includes improving monitoring capabilities, strengthening transaction controls and enhancing collaboration with regulators and law enforcement. The FCMB case, with limited exposure relative to the amount targeted and ongoing recovery, reflects that shift.
For customers, the primary concern is the safety of their funds. In this case, there has been no indication of losses affecting customer deposits. Maintaining that level of protection remains central to sustaining trust in the financial system.
Nigeria’s financial sector continues to grow, supported by digital innovation and expanding access to banking services.
However, analysts say fraud attempts are likely to persist as systems become more complex and interconnected.
They say institutions will increasingly be judged not only on their ability to prevent incidents, but on how effectively they respond and recover when they occur.
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Ex-APC Deputy Guber flag bearer, Joshua MacIver backs Tinubu, express fears over implosion in Bayelsa APC
….congratulates new State Party Chairman, Warman Ogoriba
APC Deputy Governorship Candidate in the 2023 general elections in Bayelsa State, Great Joshua MacIver has declared his total commitment to the re-election of President Bola Tinubu come 2027, declaring that the Tinubu re-election project is non-negotiable.
Great Joshua MacIver, in his statement titled ” BAYELSA APC CONGRESSES: GOING FORWARD, A CALL TO LOOK INWARDS” and made available to newsmen in Yenagoa, warned APC leaders in the state to look Inward and take note of certain factors which may hinder or cut short our victory.
According to Great Joshua MacIver, such noticeable pitfalls include the imbalance in the united front being put up by the State Governor,Senator Douye Diri among various political blocs in the state.
In the statement issued at the weekend. Great Joshua MacIver stated that “First, before His Excellency, Senator Douye Diri, joined the APC in the state, there were clearly two political blocs that made up the party, with the approximate population ratios of the blocs standing at 95% to 5%.”
“After the entrance of His Excellency, Senator Douye Diri, ONLY THE SMALLER BLOC IS BEING CARRIED ALONG IN THE AFFAIRS OF THE PARTY, leaving the greater percentage to their fate, and this situation has the potential to build anger and dissatisfaction in our dear party.”
” The consequence of this has been the high level defection we have witnessed in the party recently and we believe more may likely follow, if we do not put our house in order.”
” If we do not pull together as a party, we may witness a situation where we will lose key stakeholders, especially after the State and National Assembly Primaries as well the Gubernatorial Primaries.”
“Finally, while it is very clear that we are the party to beat in the 2027 elections and that our loyalty to Mr. President IS NON-NEGOTIABLE, we must make haste to say that we cannot afford to create situations or loopholes in our unity which will be exploited by other political interests in the state. We cannot afford to under-rate anyone.”
“Our core interest remains the re-election of Mr. President, a project to which we have committed our all. We also pledge our total loyalty to the party as we have no alternative to the APC. However, our concern is that we must, as a party, look inwards and ensure that we do not create loopholes that can impede our common goal.”
Great Joshua MacIver, however congratulated the newly elected State Executives of the APC in Bayelsà State led by Hon. Warman Ogoriba, saying their emergence is welcomed at this critical time in our national history.
At least 23 people were killed in a series of suspected suicide bombings, police in Nigeria’s northeastern city of Maiduguri said on Tuesday.
https://www.stanbicibtcbank.com/nigeriabank/personal/products-and-services/all-loans/stanbic-ibtc-mreif-home-loans
More than 100 other people were injured in the blasts that took place on Monday evening in the capital of Nigeria’s restive Borno state.
No group has claimed responsibility for the suspected attacks.
The deadly blasts come after a military post was attacked overnight Sunday to Monday, which authorities blamed on suspected Islamist militants.
This sad incident is coming barely two weeks after Primate Elijah Ayodele, the Leader of INRI Evangelical Spiritual Church specifically warned against attacks in some states. He mentioned these states while calling on security operatives to pay close attention to them.
These were his words:
“Another attack is coming up in these following states where the military must watch carefully and intelligently; Kano, Kaduna, Zamfara, Kebbi, Niger, Borno, Kwara and Kogi state. They want to do a deadly attack, it’s preventable but it depends on how they will handle it. I have told you about the danger coming up.”
@primateayodele
Unfortunately, some of our military agencies don’t believe spiritual intelligence can save the country from so much danger hence, their neglect of this prophetic warning but now, it has been fulfilled with the miliary losing credibility by the day while Primate Ayodele continues to gain momentum.
Likewise, At least 26 passengers and crew sustained varying degrees of injuries on Monday following an accident involving the Kaduna–Abuja train, according to the Nigerian Railway Corporation (NRC).
Opeifa explained that the train departed Rigasa in Kaduna at 7:15 a.m. and was approaching Asham station around 9:16 a.m. when a loud bang was heard after the power car and trailing locomotive collided with one of the passenger coaches.
In July 2025, Primate Ayodele asked nigerians to pray not to see train mishap on the Kaduna-Abuja route.
@primateayodele #nigeriantiktok🇳🇬 #fulfillment #train #abuja #primateayodele
“Let’s pray not to see train mishap in Abuja-Kaduna, Kaduna-Abuja route.”
This has also been fulfilled.
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