Breaking News
President Tinubu presidential pardon can damage investors’ confidence – CPPE
The Centre for the Promotion of Private Enterprise, CPPE, has said President Bola Tinubu’s recent presidential pardon can damage investors’ confidence in Nigeria.
The Centre noted that a situation whereby persons convicted of economic and financial crimes benefit from the presidential pardon raises questions about policy consistency, contract sanctity, and investment security, thereby discouraging both domestic and foreign investors.
CPPE Chief Executive Officer, Dr Muda Yusuf, raised the concern in a statement on Sunday.
According to the economic think-tank, while the prerogative of mercy is a legitimate constitutional instrument, its application to serious economic and financial offences and other criminal acts demands utmost discretion, transparency, and alignment with Nigeria’s commitments to anti-corruption campaign, drug control and the sanctity of human life.
CPPE urged the Federal Government to urgently review and rationalise the list of beneficiaries of the presidential pardon.
“Reaffirm Nigeria’s zero-tolerance position on corruption, drug trafficking, illegal mining, and financial crimes; uphold institutional integrity and ensure that justice is never compromised for convenience or political expediency; and strengthen transparency and accountability in the exercise of executive clemency to safeguard public confidence and investor trust.
“Nigeria’s aspiration to build a competitive, diversified, and globally respected economy rests on the credibility of its institutions and integrity of its governance. The perception of weak sanction regimes towards economic and financial crimes is incompatible with this goal.
“To preserve investor confidence and social stability, government must demonstrate unwavering commitment to accountability, effective consequence management and the rule of law. The credibility of Nigeria’s economic reform and investment promotion drive depends largely on it,” CPPE stated.
Recall that on October 11, 2025, the Presidency released the names of 175 persons granted clemency, including illegal miners, drug traffickers and kidnappers.
Tinubu’s decision had triggered public outrage and condemnation.
Meanwhile, a statement from the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, clarified that the list of those pardoned is subject to review.
Breaking News
Breaking: Nigerian Workers Demand N300,000 Minimum Wage, FG Faces Fresh Salary Pressure
The Federal Workers Forum, FWF, has demanded an immediate increase in the federal minimum wage from N70,000 to N300,000, noting that the current salary structure can no longer sustain civil servants amid Nigeria’s rising cost of living.
The Forum made the demand in a letter dated September 2, 2026, addressed to President Bola Ahmed Tinubu and the National Assembly, with the Senate President, Speaker of the House of Representatives, Chief Justice of Nigeria and Head of the Civil Service of the Federation listed among the recipients.
The workers also proposed a new salary structure that would place the highest-paid Level 17 officer on a monthly salary of N1.5 million, while Level 1 Step 1 workers would earn N300,000.
“We call for justice and immediate wage review now, adjust the federal minimum wage to N300,000 and a maximum wage of N1.5m for the Level 17 officers,” the Forum said.
Recommended
The FWF argued that the Federal Government had not fully implemented the 2024 minimum wage agreement, claiming that federal workers had yet to receive the full consequential adjustment and associated allowances.
“It will surprise you to hear that the Federal Government has not fully implemented the new national minimum wage since July 2024. We have been in the battle for full consequential adjustment of the new minimum wage,” it said.
Recall that the Nigeria Labour Congress, NLC, in August 2026, demanded an upward review of the minimum wage to N500,000.
In July 2024, President Bola Tinubu’s government increased the minimum wage to N70,000 per month from N30,000.
However, the cost of living for many Nigerians has tripled between 2024 and 2026.
You may like
The Federal Government has said Nigeria will never support a military coup or any unconstitutional change of government, following claims that the country backed a failed coup attempt in the Niger Republic.
The Minister of State for Foreign Affairs, Sola Enikanolaiye, made this known in a statement issued on Thursday.
According to the statement, the claims circulating on social media are baseless and misleading.
Enikanolaiye said Nigeria remained committed to democracy, constitutional rule and political stability in West Africa and would not support any attempt to remove a government through unconstitutional means.
Recommended
“Nigeria will never support illegality or unconstitutional change of government anywhere, no matter who is involved or which country is concerned,” he said.
The minister also rejected claims that Nigeria, through its membership of the Economic Community of West African States (ECOWAS), supported or endorsed the military takeover in Niger.
He said the Federal Government had already stated its position on the situation in Niger in an earlier statement issued by the Ministry of Foreign Affairs on August 30, 2026.
According to him, Nigeria remains deeply concerned about developments in Niger and wants the country to return peacefully to stability and constitutional order.
Enikanolaiye said Nigeria’s close historical, cultural and fraternal ties with Niger made peace and stability in the neighbouring country particularly important.
“Nigerians at home and abroad should disregard the videos and narratives circulating online, they are intended to create confusion and tarnish Nigeria’s image,” the statement said.
You may like
-
Breaking News12 months agoNiger Delta Group hails Tinubu, NUPRC for ₦373bn host community fund and 536 life-changing projects
-
Breaking News11 months agoEx-EFCC Exhibit Keeper Kaduna Zonal Directorate, Allegedly Steals ₦22m
-
Breaking News10 months agoTerrorists Want ₦2m ‘levy’ in Katsina Community Despite Peaceful Agreement
-
Business5 months agoBREAKING NEWS: Zenith Bank Rewards Investors with ₦410.69bn Dividend at AGM
-
Breaking News5 months agoDEFAMATION OF CHARACTER: SERAP On Appeal Against The ₦100m Judgment In Favour of DSS Officials
-
Breaking News5 months agoPlaintiff To Pay ₦1m Fines For Delay In Jonathan Eligibility Suit
-
Breaking News4 months agoOgun Police Command Foils Plan To Kidnap Chinese National, Arrest 2 Over ₦50m Ransom Plan
-
Breaking News2 months agoOsun Dismisses EFCC’s ₦11b Alleged Looting, Says Action Illegal