NIGERIA’S WORLD BANK LOANS TO REACH $9.65BN IN 2025.(PHOTO).

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 Nigeria’s World Bank Loans to Reach $9.65bn in 2025 Nigeria’s World Bank debt is set to hit $9.65bn by year-end, with total support including grants at $9.77bn, funding projects in health, education, power, and digital infrastructure. Loans rose from $2.7bn in 2023 to $4.25bn in 2024, before easing to $2.7bn in 2025, with IDA loans totaling $7.3bn and IBRD loans $2.35bn. Grants over three years reached $122m. Economists warn rising debt could strain finances if not paired with stronger revenue mobilisation. The World Bank accounts for 41% of Nigeria’s $46.98bn external debt.
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COURT REVOKES BAIL, ISSUES ARREST WARRANT FOR UNIUYO PROFESSOR IN ELECTORAL FRAUD CASE. (PHOTO).

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 Court Revokes Bail, Issues Arrest Warrant for UNIUYO Professor in Electoral Fraud Case


The Akwa Ibom High Court on Wednesday revoked the bail of Professor Ignatius Uduk, a University of Uyo (UNIUYO) academic facing trial for alleged electoral fraud during the 2019 general elections. The ruling came after Uduk failed to appear in court for the second consecutive hearing, and his lawyer, George Ezeugwu, was also absent.


Justice Bassey Nkanang, presiding over the case, granted the Independent National Electoral Commission (INEC)'s application to revoke Uduk's bail. INEC had charged Uduk, a former Collation/Returning Officer for Essien Udim Constituency, with abandoning duties, announcing false election results, and perjury.


The defendant’s lawyer had sent a message to the court, stating that both Uduk and his counsel were ill. However, Justice Nkanang acknowledged the health issues but upheld INEC’s request for bail revocation and issued an arrest warrant.


The case, which has faced multiple delays, was adjourned to February 5, 2025, for judgment. If Uduk fails to attend the next session, further legal actions will be taken.

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