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#EndBadGovernance Protests: Tinubu monitoring situation, Says Bagudu

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The Minister of Budget and Economic Planning Atiku Bagudu says President Bola Tinubu is monitoring the #EndBadGovernance protests across the country.

Nigeria’s recent protests are owing to the high cost of living, worsened by the floating of the naira and the stoppage of fuel subsidy removal by the Tinubu administration.

Although there have been calls for Tinubu to address the nation after the demonstrations entered the third day – petering out though – the president is yet to do that.

However, Bagudu, said the Nigerian leader is well aware of the situation.

“Mr President has been monitoring the situation, as he ought to. Very responsibly, and alert,” the minister said on Saturday during Channels Television’s special programme The August Protest — #EndBadGovernance.

“I am a minister. I also have responsibilities. I have also been monitoring this thing. I have been noting this thing so that I can make inputs.”

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“We have been monitoring and listening carefully to hear what is being said and what noting them,” Bagudu said on the show.

Pushed by the inflation figures which have reached 34 per cent, millions of Nigerians who are struggling to afford basic items trooped to the streets across several cities to register their grievances over the reforms by the Tinubu government.

The protests went smoothly in many cities on the first day but events turned awry in other places. Hoodlums hijacked the demonstrations in places like Kano, Katsina, Jigawa, and others, looting goods and destroying properties worth millions of naira.

To rein the chaos, some states imposed a curfew while police authorities arrested several suspects.

The minister who admitted the hardship facing Nigerians, said it was not peculiar to the country but the Federal Government is working to make life easier for the citizens.

“The cost of living crisis is a crisis affecting many countries as we speak,” he said, adding that, “we would listen and we also value the inputs of Nigerians”.

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BREAKING: US, Nigerian Forces kill ISIS Commander in Nigeria, Says Trump

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Donald Trump
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United States and Nigerian forces Friday killed a senior ISIS commander, Abu-Bilal al-Minuki, believed to be the second most dreaded terrorist in the world.

US President Donald Trump broke the news in a Truth Social post late Friday night.

“Tonight, at my direction, brave American forces and the Armed Forces of Nigeria flawlessly executed a meticulously planned and very complex mission to eliminate the most active terrorist in the world from the battlefield,” Trump said.

“Abu-Bilal al-Minuki, second in command of ISIS globally, thought he could hide in Africa, but little did he know we had sources who kept us informed on what he was doing.

“He will no longer terrorize the people of Africa, or help plan operations to target Americans. With his removal, ISIS’s global operation is greatly diminished.

“Thank you to the Government of Nigeria for your partnership on this operation. GOD BLESS AMERICA! President DONALD J. TRUMP.”

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This is not the first strike Trump has ordered on terrorists in Nigeria, who he has accused of persecuting Christians in the West African country.

In December, Trump said he had directed a “powerful and deadly strike against ISIS” in northwestern Nigeria, who he said had been killing innocent Christians.”

See Trump’s full statement on Truth Social media below

 

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U.S.-based Nigerian jailed 115 months for money laundering, romance scam

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A Nigerian man, Charles Nnamdi Emesim, has been sentenced to 115 months in prison in the United States for conspiracy to commit money laundering linked to a decade-long romance and internet fraud scheme that defrauded at least 23 victims of more than $700,000.

The sentence was handed down on Wednesday by U.S. District Judge Robert Wier, according to a statement issued on Thursday by the U.S. Department of Justice.

The statement said Emesim, 53, who is legally resident in Newark, New Jersey, was convicted for conspiracy to commit money laundering after authorities found that he received and laundered proceeds from “internet- and telephone-enabled scams,” including romance scams, lottery scams, inheritance scams, investment scams, government imposter scams, and medical expense scams.

According to the department, between December 9, 2013, and June 28, 2024, Emesim operated at least 17 bank accounts under his name and the names of his companies, Chadon Export and Chadon Trucking.

Investigators said at least 23 victims across the United States were defrauded into sending more than $700,000 through cash deposits, cashier’s checks, money transfers, and wired payments into accounts controlled by Emesim.

One of the victims, described as “a senior citizen and widow living in the Eastern District of Kentucky,” was allegedly deceived through a romance scam involving a man identified as “Michael Oliver.”

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The victim was reportedly made to believe she was in a romantic relationship and was introduced to a supposed “customs agent” identified as Samuel Rock to facilitate a transfer of wealth.

According to the statement, the victim later travelled to Lexington airport in Kentucky, where she met the supposed Customs agent in person, handed him additional money, drove him to a local store, and bought him a computer tablet.

“The Court found that Emesim was the individual who impersonated ‘Customs Agent Rock’ when meeting with this victim in person,” the statement added.

Authorities said the victim lost “tens of thousands of dollars” through cash payments, cashier’s checks, prepaid debit cards, and gift cards sent to Emesim and his associates.

The Justice Department further stated that Emesim frequently withdrew victims’ funds in cash or transferred the money into accounts belonging to relatives, businesses, or family members in Nigeria.

Jason Parman, First Assistant United States Attorney for the Eastern District of Kentucky, described romance scams and financial fraud schemes as “predatory crimes” that rely on “deception, emotional manipulation, and calculated exploitation.”

He said the defendant “spent years helping funnel stolen money from hardworking Americans,” including an elderly victim who “was manipulated into believing she was building a genuine relationship.”

“These criminals do not see victims as people—they see them as targets,” Parman said, adding that authorities would continue to “aggressively pursue and prosecute those who exploit trust, devastate families, and profit from fraud.”

Also commenting, Federal Bureau of Investigation Louisville Field Office Special Agent in Charge, Olivia Olson, said Emesim “preyed upon trusting men and women” for more than a decade.

She added that the sentencing shows that law enforcement agencies remain committed to pursuing “criminals who operate financial scams at the expense of innocent Americans.”

During the sentencing hearing, the court described Emesim’s conduct as “heartless and unquestionably reprehensible,” saying the crimes caused severe financial, emotional, and psychological harm to victims.

Under U.S. federal law, Emesim is required to serve 85 per cent of his prison sentence and will remain under supervision for three years after release.

The case was investigated by the FBI, while Assistant U.S. Attorney Kate Dieruf prosecuted the matter on behalf of the United States government.

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Nigeria’s inflation rises to 15.69% in April

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Nigeria’s inflation rate climbs to 26.72%
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Nigeria’s headline inflation rate rose to 15.69 per cent in April 2026, up from 15.38 per cent recorded in March, reflecting a 0.31 percentage point increase, according to the National Bureau of Statistics (NBS).

According to the data released on Friday, Consumer Price Index (CPI) stood at 138.3 in April, marking a 2.9-point increase from 135.4 in March. The NBS said the increase followed the agency’s recent rebasing to a 2024 base year with 2023 as the weight reference period.

Despite the uptick in the annual rate, the bureau stated that the pace of price increases slowed, with month-on-month inflation easing to 2.13 per cent in April from 4.18 per cent in March.

The NBS data also shows a sharp moderation when compared with April 2025, when headline inflation was significantly higher at 26.82 per cent.

“The National Bureau of Statistics is pleased to announce the release of the latest Consumer Price Index (CPI) figures for April 2026. Following the completion of the recent rebasing exercise, this report is centred on a new CPI base year of 2024 and a weight reference period of 2023. Hence, the Consumer Price Index (CPI) increased to 138.3 in April 2026, and reflects a 2.9-point increase from the preceding month.

“On a year-on-year basis, the headline inflation rate for April 2026 stood at 15.69%, when compared to 15.38% and 26.82% recorded in March 2026 and April 2025; respectively. The month-on-month headline inflation rate in April 2026 was 2.13%, which was 2.05% lower than the rate recorded in March 2026 (4.18%),” the NBS stated.

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At the divisional level, price pressures were driven mainly by Food and non-alcoholic beverages, restaurants and accommodation services, and transport, while recreation, alcohol and tobacco, and insurance recorded minimal impact.

“The three major contributors to the headline inflation were Food and non-alcoholic Beverages: 6.40%, Restaurants & Accommodation Services: 3.56%, and Transport: 1.70%; while the least contributors were Recreation, Sport, and Culture: 0.01%, Alcoholic Beverages, Tobacco, and Narcotics: 0.01%, and Insurance and Financial Services: 0.03%,” the bureau added.

It also said food inflation stood at 16.06 per cent year-on-year in April, lower than 24.68 per cent recorded in the same period last year, while the monthly rate slowed to 3.63 per cent from 4.17 per cent in March, reflecting softer increases across key staples.

The statistics bureau further said core inflation, which excludes volatile agricultural produce and energy, came in at 15.86 per cent year-on-year, with the monthly rate dropping sharply to 1.03 per cent from 4.03 per cent in March.

Across locations, it noted that urban inflation stood at 15.40 per cent year-on-year, while rural inflation was higher at 16.36 per cent, with both segments recording slower monthly increases compared to March.

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