BREAKING NEWS: President Tinubu Withholds Assent to NDLEA Invoice Over {Financial} Considerations

President Bola Ahmed Tinubu has declined to signal the Nationwide Drug Regulation Enforcement Company (NDLEA) Invoice, 2025 into legislation, citing considerations over {financial} accountability.

His choice was formally communicated in a letter learn throughout plenary on Thursday within the Home of Representatives.

Within the letter, President Tinubu invoked Part 58(4) of the 1999 Structure (as amended), explaining that the proposed laws contradicts present fiscal protocols by in search of to permit the NDLEA to retain a portion of proceeds from drug-related crimes.

He emphasised that, underneath present rules, all proceeds from prison exercise are required to be paid into the federal government’s Confiscated and Forfeited Properties Account. Any disbursement to restoration companies just like the NDLEA have to be approved by the President and accepted by each the Federal Govt Council and the Nationwide Meeting.

President Tinubu argued that there was no compelling justification to amend a system that ensures transparency and accountability by means of multi-level oversight.

Additional particulars are anticipated to emerge in subsequent briefings.