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Eight Persons Dead As Multiple Vehicles Crash on Lagos-Ibadan Expressway

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At least eight people have been confirmed dead following a multiple-truck collision on the Lagos-Ibadan Expressway near Kara Bridge, outward Lagos, on Thursday morning.

The tragic accident, which occurred around the Berger axis, involved several heavy-duty trucks.

Eyewitnesses said one of the vehicles plunged into the Kara River, while two others collided and burst into flames, triggering panic and a major traffic gridlock on the ever-busy highway.

Operatives of the Nigeria Police Force and the Lagos State Traffic Management Authority, LASTMA, swiftly moved to the scene to restore order and coordinate emergency response efforts.

Television footage from TVC News showed thick black smoke rising from the wreckage as firefighters and rescue personnel battled to contain the blaze and recover victims.

Confirming the incident in a statement via its official X handle, LASTMA said eight casualties were recorded in the crash.

“There’s a report of a multiple road crash involving a truck and a container-laden trailer that went up in flames. Another truck spilled its contents, cartons of biscuits, on the road, while a fourth vehicle, also a container-laden truck, ran into the barrier, causing its carrier to fall off the bridge into the river. Eight casualties have been confirmed,” the statement read.

The agency added that recovery operations were ongoing and urged motorists to exercise patience as efforts continued to clear the wreckage and reopen the affected lanes.

“Efforts are in top gear for the recovery and evacuation of the vehicles involved. There is a heavy traffic backlog on Ogunnusi Road and the Lagos-Ibadan Expressway. LASTMA officers and other emergency responders are on the ground managing the situation,” the statement added.

The collision caused severe traffic congestion across adjoining routes, with vehicular movement crawling from Berger through Ogunnusi Road and stretching further toward Mowe.

Emergency officials were still on site at press time to recover the fallen truck, evacuate burnt vehicles, and ensure the safe reopening of the highway to traffic.

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Senate Approves Tinubu’s N1.15tr Domestic Loan Request to Fund 2025 Budget Deficit

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The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.

The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.

The committee noted that the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.

This expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).

In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.

President Tinubu had on November 4th requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.

The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.

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APC’s Joe Igbokwe Calls for Dismissal of Soldier Who Stood His Ground Against Wike

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A member of the All Progressives Congress (APC), Joe Igbokwe, has called for the dismissal of the soldier who resisted the Minister of the Federal Capital Territory, Nyesom Wike.

The soldier had blocked Wike and officials of the FCTA from accessing a portion of land in the FCT.

The officer, claiming he was acting on instructions, told Wike that he would not be allowed into the property. Wike, however, questioned his authority, leading to a heated confrontation and name calling.

Reacting on Facebook, Igbokwe questioned who was behind the military officer in challenging the FCT Minister.

He wrote, “Who is this man in uniform? Of what meat is he fed? Who is beating the drum for him? This is unacceptable? His uniform has to be removed.”

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Senates Rejects NNPCL’s Explanation, Orders Refund of N210trn to Govt

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The Senate has rejected the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding the ₦210 trillion outstanding against the oil firm.

It came to the conclusion on Wednesday that the money, which had not been accounted for, must be refunded to the Federation Account by the company.

The Senate Committee on Public Accounts chaired by Aliyu Wadada, which has been on the probe for months, took the decision on Tuesday after the Group Chief Executive Officer (GCEO) of the NNPCL, Bayo Ojulari, failed to turn up at its resumed sitting at the National Assembly.

The session was called to give the NNPCL the opportunity to make clarifications on the answers the company provided to the 19 questions the panel asked the firm about the ₦210 trillion.

Following a review of the operations of the NNPCL from 2017-2023, the committee sighted the unexplained transaction, totaling ₦103 trillion (accrued expenses) and ₦107 trillion (receivables) in the audited financial statements of the firm, prompting it to raise the queries.

After weeks of back-and-forth between the committee and the NNPCL, the NNPCL eventually responded to the 19 questions.

However, at a resumed session, Senator Wadada frowned at the absence of  Ojulari, whom the committee said gave no reasons for staying away, consequently rejected the explanations.

The Chairman of the committee, Senator Aliyu Wadada, while speaking on the panel’s findings, said the responses were not only unsatisfactory, but were also contradictory.

“NNPC claimed ₦103 trillion as accrued expenses and ₦107 trillion as receivables -amounting to ₦210 trillion. On question eight, NNPC’s explanation on the ₦107 trillion receivables -equivalent to about $117 billion -contradicts available facts and evidence provided by NNPC itself. The committee is duty-bound to reject this,” he stated.

Wadada further questioned how the firm could pay ₦103 trillion in Cash Calls to Joint Venture (JV) partners in 2023 alone, despite generating only ₦24 trillion in crude revenue between 2017 and 2022.

“Cash Call arrangements were abolished in 2016 under the President Muhammadu Buhari administration. How can NNPC claim to have paid ₦103trn in one year, when it only generated ₦24trn in revenue over five years? Where did NNPC get that money?

“As far as this committee is concerned, that figure is unjustifiable and unacceptable. The ₦103 trillion must be returned to the Treasury. This will be concluded when the NNPCL appears before us,” he stated.

The committee said it would have been better for the current management of the NNPCL to admit that it encountered challenges in explaining what happened to the funds than giving contradictory answers to the questions.

“If the present management of NNPCL is finding it difficult to provide acceptable answers, it is better they say so. The committee will not hesitate to subpoena former officials of NNPCL and NAPIMS,” Wadada added.

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