President Bola Ahmed Tinubu’s administration has announced more than $50 billion in investment commitments since taking office in May 2023, but actual Foreign Direct Investment (FDI) inflows have remained a fraction of the pledged amount.
Nigeria’s Permanent Representative to the United Nations, Ambassador Jimoh Ibrahim, has declared that President Bola Tinubu and members of his family enjoy protection under international law and cannot be arrested in the United States while attending the 2026 United Nations General Assembly (UNGA) in New York.
Baba-Ahmed, who was the running mate to Peter Obi on the Labour Party ticket in the 2023 presidential election, said the major politicians seeking to unseat Tinubu had, at different times, been part of the same political establishment they now claim to oppose.
According to him, these measures have helped address distortions that had weakened the foundations of the Nigerian economy, stressing that macroeconomic stability was only the beginning of the work, and that the success of the reforms must ultimately be measured by their impact on ordinary citizens.
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to order an urgent investigation into alleged financial irregularities involving more than ₦78.8 billion under the Federal Government’s cash transfer and social protection programmes.
The story now being told by the Tinubu administration is increasingly difficult to ignore: when an incumbent government begins to feel politically threatened, the institutions of state suddenly become intensely interested in its opponents.
In a statement issued on Thursday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Presidency stressed that the case before the United States District Court for the District of Columbia is strictly a civil dispute over access to government records.
The appointment is significant because Von Batten’s firm was hired by former Vice President Atiku Abubakar earlier this year under a $1.2 million, 12-month agreement to provide government-affairs and strategic-advisory services in the United States.
A statement to the effect, said the appointment took effect on August 27, 2026, and is subject to the terms and conditions of service contained in the Certain Political, Public and Judicial Office Holders (Salaries and Allowances, etc.) (Amendment) Act, 2008.
Von Batten-Montague-York, L.C., in a statement posted on its X account on Wednesday, alleged that its founder, Dr Karl Von Batten, received an unsolicited offer of $3 million “a few days ago”, alongside an invitation to a confidential meeting in London.
The Federal Government has raised N1.23tn through two bond issuances under its Presidential Power Sector Debt Reduction Programme as it moves to settle verified legacy obligations owed to electricity Generation Companies (GenCos).