COURT FIXES JULY 10 FOR JUDGMENT ON MALAMI'S 57 PROPERTIES FORFEITURE SUIT. (PHOTO). #PRESS RELEASE

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 Court Fixes July 10 For Judgment On Malami's 57 Properties Forfeiture Suit A Federal High Court in Abuja has set July 10, 2026 as new date for judgment in the suit filed by the Economic and Financial Crimes Commission (EFCC) seeking the final forfeiture of 57 properties linked to Abubakar Malami, former Attorney-General of the Federation and Minister of Justice.  The presiding judge, Joyce Abdulmalik had earlier fixed Monday, July 6, 2026 for judgment after both parties adopted their final processes and argued the case on May 26.  However, the judge moved her  judgment to Friday, July 10, 2026 The EFCC previously secured an interim forfeiture order for the assets, valued at over N212 billion. The properties are located in Abuja, Kano, Kebbi, and Kaduna. The EFCC had argued that the properties were proceeds of official corruption and abuse of office.  Malami's legal team challenged the move, asserting that the assets were legitimately acquired by the former mini...
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PRESIDENT TINUBU ASSENTS TO 2026 APPROPRIATION BILL AND 2025 BUDGET EXTENSION. (PHOTO). #PRESS RELEASE

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 STATEHOUSE PRESS RELEASE

 

PRESIDENT TINUBU ASSENTS TO 2026 APPROPRIATION BILL AND 2025 BUDGET EXTENSION

 

President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. He has also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June 30, 2026.

 

The N68.32 trillion budget for this year earmarks N4.799 trillion for statutory transfers and N15.8 trillion for debt service.

 

It allocates N15.4 trillion to recurrent expenditure and N32.2 trillion to the Development Fund for Capital Expenditure.

 

With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth.

 

The allocations reflect a strategic balance between statutory obligations, debt servicing, recurrent expenditure, and capital investments critical to driving productivity and improving the quality of life for Nigerians.

 

Additionally, the President has assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the implementation period of the capital component of the 2025 Appropriation Act from March 31, 2026, to June 30, 2026.

 

The extension will ensure the full and effective utilisation of appropriated funds, particularly for critical infrastructure and development projects that are at advanced stages of implementation across the country.

 

It will enable Ministries, Departments, and Agencies (MDAs) to consolidate ongoing works, enhance project completion rates, and maximise value for public expenditure.

 

With the 2026 Appropriation Act coming into force on April 1, the Federal Government will commence full implementation in line with the Renewed Hope Agenda.

 

President Tinubu directed MDAs to ensure disciplined, transparent, and efficient utilisation of allocated resources, with a strong emphasis on value for money and timely project delivery.

 

He commended the leadership and members of the National Assembly for their diligence, cooperation, and patriotism in expeditiously considering and passing the budget.

 

The President reaffirmed the importance of sustained collaboration between the Executive and Legislative arms of government in advancing national development objectives.

 

He further assured Nigerians of his administration’s resolve to deepen fiscal reforms, enhance revenue generation, and prioritise investments that will stimulate economic growth, create jobs, and strengthen social protection mechanisms.

 

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

April 17, 2026

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