News
FG Begins Salary Deductions Over December 2024 Overpayments

The Office of the Accountant General of the Federation (OAGF) has announced that deductions are currently being made from the salaries of federal workers who received excess payments in December 2024 due to a system error.
In a statement released on Friday by the OAGF’s Director of Press and Public Relations, Bawa Mokwa, the government explained that the deductions are necessary to recover the overpayments, which resulted from a payroll system malfunction.
The OAGF also clarified concerns about alleged salary shortfalls in January and February 2025, stating that workers’ earnings had returned to normal levels after the exhaustion of various arrears paid in the last quarter of 2024.
“There were no shortfalls in salaries paid to federal workers in January and February 2025,” the statement read. “The amounts received during this period reflected normal salaries after the exhaustion of various arrears paid in the last quarter of 2024.”
Federal workers had benefited from payments covering arrears for the national minimum wage, the 25% and 35% salary increases, and wage awards between October and December 2024. These additional payments temporarily boosted salaries, leading to misunderstandings when January and February 2025 salaries reverted to their actual amounts.
“Payment of normal salaries after exhausting the various arrears began in January 2025, which made some workers think they were shortchanged when, in actual sense, it was their real salaries. A glance at the current salary table will substantiate this further,” the OAGF added.
Barring any future salary adjustments, the statement emphasized that salaries paid in January and February 2025 would remain unchanged until reviewed by the Federal Government.
On the issue of December 2024 overpayments, the OAGF confirmed that the system error responsible for the miscalculations had been corrected, and deductions were ongoing to recover the excess funds.
“There were cases of overpayments in December 2024 due to a system error. That error has been corrected, and deductions from the salaries of affected workers are ongoing and will continue until full recovery,” the statement noted.
Regarding outstanding promotion arrears, the OAGF explained that payments are handled by a Standing Committee on Promotion and Salary Arrears within the Budget Office of the Federation. The committee compiles and verifies salary and promotion arrears from Ministries, Departments, and Agencies before forwarding them to the Integrated Payroll and Personnel Information System (IPPIS) for payment.
The statement further disclosed that batches 1 to 6 of promotion arrears payments have been fully processed, while additional payments are awaiting approval from the Budget Office.
News
FG Declares April 18, 21 Public Holidays for Easter Celebration

The Federal Government has declared Friday, 18 April and Monday, 21 April 2025 as public holidays to mark Good Friday and Easter Monday celebrations across the country.
This was announced in a statement issued on Tuesday by the Permanent Secretary of the Ministry of Interior, Dr Magdalene Ajani, on behalf of the Minister of Interior, Dr Olubunmi Tunji-Ojo.
“Announcing this on behalf of the Federal Government, the Minister of Interior, Dr Olubunmi Tunji-Ojo extended heartfelt congratulations to Christians across the country on this joyous occasion,” the statement read.
The Minister emphasised the significance of Easter, urging Christians to reflect on the virtues of sacrifice, love, and selflessness exemplified by Jesus Christ, who laid down His life for the redemption of humanity.
Dr Tunji-Ojo also encouraged Nigerians to use the holiday period to offer prayers for peace, unity, and stability in the country. He reaffirmed the commitment of President Bola Ahmed Tinubu’s administration to the Renewed Hope Agenda, aimed at driving national growth and development.
In his message, the Minister called on citizens to extend love and goodwill to their neighbours through acts of kindness and generosity, embodying the spirit of Easter.
He concluded by wishing Christians a blissful Easter celebration and extended warm holiday greetings to all Nigerians.
News
Pandemonium as Irate Investors Storm CBEX Office in Ibadan

There was pandemonium on Tuesday at the Ibadan outlet of CBEX, a digital trading asset firm, as angry investors stormed the premises in protest, vandalising property and looting valuables.
The unrest, which occurred in the Oyo State capital, was triggered by reports that investors had been unable to access or withdraw funds from their accounts on the platform for several days. Matters escalated when many of them reportedly discovered that their investments had completely vanished.
The protest, initially peaceful, quickly degenerated into violence, resulting in looting and physical assaults on some staff members of the firm. Witnesses say the situation became uncontrollable as emotions flared and the aggrieved investors accused the company of operating a Ponzi scheme.
The affected investors were said to cut across various walks of life, including artisans, traders, and civil servants, all of whom had put their trust—and money—into the digital trading venture.
It took the intervention of security operatives to restore calm and disperse the rampaging crowd. Officers have since cordoned off the building and maintained a presence overnight to forestall further breakdown of law and order.
As of Wednesday morning, normalcy had returned to the area. Vehicular and pedestrian movement has resumed, with business activities gradually picking up.
Authorities are yet to issue an official statement on the matter, but concerned stakeholders are calling for a thorough investigation into the operations of CBEX to protect future investors from similar occurrences.
News
Pandemonium as Irate Investors Storm CBEX Office in Ibadan

There was pandemonium on Tuesday at the Ibadan outlet of CBEX, a digital trading asset firm, as angry investors stormed the premises in protest, vandalising property and looting valuables.
The unrest, which occurred in the Oyo State capital, was triggered by reports that investors had been unable to access or withdraw funds from their accounts on the platform for several days. Matters escalated when many of them reportedly discovered that their investments had completely vanished.
The protest, initially peaceful, quickly degenerated into violence, resulting in looting and physical assaults on some staff members of the firm. Witnesses say the situation became uncontrollable as emotions flared and the aggrieved investors accused the company of operating a Ponzi scheme.
The affected investors were said to cut across various walks of life, including artisans, traders, and civil servants, all of whom had put their trust—and money—into the digital trading venture.
It took the intervention of security operatives to restore calm and disperse the rampaging crowd. Officers have since cordoned off the building and maintained a presence overnight to forestall further breakdown of law and order.
As of Wednesday morning, normalcy had returned to the area. Vehicular and pedestrian movement has resumed, with business activities gradually picking up.
Authorities are yet to issue an official statement on the matter, but concerned stakeholders are calling for a thorough investigation into the operations of CBEX to protect future investors from similar occurrences.
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