President Mohammadu Buhari has cautioned the Independent National Electoral Commission, INEC and the Nigerian Police against giving in to undue pressure from some unscrupulous politicians to taint the integrity of elections.

Ekiti State governor, Mr. Ayodele Fayose has accused the Federal Government of using an e-Payment firm, Remita to defraud Nigeria, saying he would not attend a meeting summoned by the government to discuss the Treasury Single Account, TSA.

EDO State Commissioner of Police, Mr. Chris Ezike, has urged the state House of Assembly to pass stringent laws to stem activities of cultists in the state, noting that such laws would help reduce other violent crimes in the state.

The Central Bank of Nigeria (CBN) said that the Federal Government’s bail-out funds to states have boosted loan repayment in the banking industry. This was one of the highlights of the apex bank’s Credit Conditions Survey for the fourth quarter of 2015. The survey revealed reduction in loan default across the industry courtesy of the bail-out funds to state governments.

The one per cent transaction fee charged on all transactions through the Federal Government’s Treasury Single Account is shared among Remita, banks, the Central Bank of Nigeria (CBN) and other payment operators involved. Recall that on Wednesday the Senate had ordered its joint Committee on Finance, Banking and Other Financial Institutions and Public Accounts to probe the allegation that the e-collection agent, Remita, had been paid 25 billion, being the one per cent commission it charged for the transfer of N2.5 trillion of Federal Government funds to the TSA.