@FinPlanKaluAja1 Bahrain and Eastern Saudi Arabia are a Shiite hotbed. He might come to rue this statement. His country is a glorified Saudi protectorate but even Saudis speak respectfully in that region about Iran
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Ladies and gentlemen, your 2025 budget.
Tinubu and his friends spent โฆ1.15T disbursed for the capital budget without using it on the capital budget.
This has been Tinubu's pattern in Lagos.
Lessons.
While we were distracted, this happened:
On February 25th 2026, Hon. Alex Mascot, a key member of the Aids and Loans Committee confronted Wale Edun, over the disappearance of capital project funds, despite trillions of naira in loans and record-breaking revenues.
It began as a routine budget defence but escalated into a high stakes interrogation when Hon. Mascot revealed a disturbing pattern:
- N1.15 trillion had been raised and specifically approved by the National Assembly to fund 30% of the 2025 capital budget.
- Multiple loans had been secured, including: $1.2 billion for digital infrastructure, $500 million for economic stimulus, $500 million for MSMEs, $500 million from the AFDB for economic governance and energy transition, and a recent executive request for $21 million, 15 billion Yen, and 4 billion Euros.
He queried why despite this avalanche of borrowed money and strong revenue performance by agencies like FIRS, Customs, and others, capital projects across Nigeria remain at zero disbursement. "With all these funds put together, I want you to enlighten us on why the 2024 budget is yet to be fully implemented, and why the 2025 budget has only been funded 34%, most of which is recurrent expenditure?"
He asked the minister to enlighten Nigerians on why the capital projects still remain at zero.
Minister Wale Edun shifted responsibility to the Minister of State for Finance, Doris Uzoka-Anite, claiming she handled disbursements.
The infuriated committee members then asked; "If the substantive Minister of Finance cannot account for โฆ1.15 trillion approved for capital projects, who can?"
Some lawmakers called for the ministers to resign, but the committee had no choice but to adjourn the hearing to Thursday, February 26th, summoning the Minister of State to provide the clarity the nation deserves.
After the committee meeting, Hon. Mascot spoke to the press and said, โWhen capital projects funding are at zero, development stops. When development stops, Nigerians sufferโ.
On Thursday, hearing resumed, then the Minister of State for Finance, Doris Uzoka-Anite, was summoned to account for the missing โฆ1.15 trillion. It was confirmed that โฆ1.15 trillion was indeed approved for capital projects. However, disbursement protocols require multiple sign-offs, and that certain "pre-disbursement conditions" had not been met by some ministries.
She argued that while the funds exist, they cannot be released until Project documentation is complete
The committee members, armed with the Health Minister's earlier testimony that he received only โฆ38 million of his โฆ286 billion allocation, then asked, "if protocols were the issue, why were some ministries given the runaround while others weren't?"
Mascot rose again and asked: โMr. Chairman, can the minister tell this committee which specific ministry met all conditions and still did not receive funding? If none existed, why was โฆ1.15 trillion approved when the government knew conditions weren't met?"
The minister could not provide a single example. Mascot then said:
"ยท If capital funds were approved, where are they?
ยท If they were misappropriated, who is responsible?
ยท If this is a crime, who will be held accountable?"
Mascot stated that if funds were approved but never reached their destination, that is not poor administration. That is a crime.
On February 27th 2026, Hon. Mascot was invited to Aso Rock by President Tinubu for a close door meeting.
After the meeting with the president, Hon. Ikwechegh announced his resignation from his party APGA, announcing his intention to join the APC.
This is a classic move by Tinubu who always buys off his critics and sadly, Hon. Alex Mascot Ikwechegh has become his latest victim.
Hon. Alex Mascot Ikwechegh will soon begin to sing โon your mandateโ and he will never never again demand for accountability. It will be; see no evil, speak no evil.
All these happened while we were shouting Mirabel, Simi, VDM and Mitchy.
Good PM.
@Oluseguniyodo@ennyola0015 3 ministers in 3 months is very stable. Like Nigerian electricity.
You guys don't even need to think anymore. Just copy & paste buzz words
@ciceroofny@ennyola0015 Changing finance ministers three times in 3 months is why they call him Jagaban?.
Ok, i believe you ๐ ๐
Our foreign partners & IMF, WB are however not parochial Yoruba boys having a cruise on X. They would soon be downgrading the country in their risk rating.
@DefenseNigeria Can ur Govt spend N10bn a day on counter terrorist operations? That's the question.
The answer: They won't.
The country is pampering less than 30,000 members of the political class and due to that, the money needed to kill her enemies cannot be spent. Corruption weakens a nation.
Insecurity to a large extent had reduced in Nigeria before Donald Trump started his Christian genocide agenda, it became worse after America successfully bullied the Nigerian government.
๐จ๐ฃ๏ธ ๐๐ฅ๐๐๐๐๐ก๐: Ruud Gullit is RIPPING into the current game of football!
"I have decided to STOP watching football. I don't enjoy our sport anymore. I watched Arsenal vs Chelsea, what an absolute GARBAGE match of football!"
"I see players trying to create corner kicks, trying to create throw-ins, I see ball boys ready to give towels to the players. Football has become absolutely HORRIBLE. I hope that this is not the path we are heading at."
"I am waiting for players who will take on defenders again, someone like Lamine Yamal. I am missing the joy! I just don't enjoy football anymore."
"Everyone is executing tasks on the pitch. Where are the players dribbling? Where are the players with b*lls? WHY IS EVERYONE PASSING?! PASSING! PASSING! PASSING!"
๐จ๐จMAJOR UPDATE: THE US SUPREME COURT HAS JUST RULED THAT DONALD TRUMP DOES NOT HAVE FULL IMMUNITY AND NOW FACES SUBPOENA IN THE EPSTEIN CASE AFTER BILL CLINTON'S TESTIMONY
The Electoral Act 2026 has endorsed the use of forged certificates by candidates in elections. According to Jibrin Okutepa, SAN, the National Assembly has removed the presentation of forged certificates as grounds for the disqualification of candidates in the new Act.