Economy
Senator Attai Aidoko Sir, Legal Quests or Legislation?
By John Paul
Recently, I embarked on a journey to Ugbamaka lgah, the ancestral home of senator Attai Aidoko representing Kogi East in the senate. Whirling the community without a glance on potential pay-off for producing a Senator of the federal republic, I resorted for interrogation and a retired police officer has this to say: “This is not river, but a stream.
The only stream sustaining our community and the neighborhood and it’s about four Kilometers away. Aidoko is far from our challenges because he only comes here in the night and disappear before dawn since he became a Senator. As you can see, we have no portable water, no electricity and other basic infrastructures.”
While the interrogation was still on, something struck my mind with the absence of morality in our leaders and I asked myself, why do people find pleasure in deceiving others? The senior citizen suddenly tapped and asked that I come with him. Lo and behold! I was taken to a large warehouse stocked with tricycles purportedly meant to electioneer Aidoko’s re-election bid in 2019.
Flash, Senator Attai Aidoko told us few months ago that he would not contest in 2019 as he will return to his farm in order to cater for his family but all doubt was cleared with events turning out from his camp within the last few days.
Sometimes I wonder if some of our leaders are sets of aggrieved people on vengeance. They are friendly while election is around the corner and once they are voted into power, they turned their back on the electorates.
I stumbled upon a media branded achievement of the Senator from inception to date and I scoffed knowing it’s fallacious and politically intrigued. Though it’s the usual shenanigans with Nigeria politicians especially when election approaches, but I don’t think it’s necessary to spend constituency allocation on tactics that is obviously irrelevant to the political curriculum of Senator Aidoko. Why? Because unlike his contemporaries, Aidoko only sleeps and merry with his concubines while the court delivers his mandate in his choice location.
What a digression of our democracy.
Come to think of it, why would Aidoko include electrification of Ikeje Igah to Ugbamaka in the projects he initiated when Ikeje has been electrified a year before he found his way to the corridors of power? As a matter of fact, Ikeje Igah’s electrification projects was initiated by the famous philanthropist Suleiman Babanawa in 2002.
Moreover, as a center to Okpo, Ogugu, Ugbamaka and Branch Obu, Ikeje town is located along Kogi – Benue – Enugu highways and it’s said to have been blessed with some basic infrastructures like schools, health care facilities and pipe borne water before our democratic rebirth.
Developing an already developed community in the face of others is abysmal. If Aidoko was in for the business he flaunts, it would have made more sense if suburbs like Igah gate, Igah Ocheba, Igah chechere, which lack virtually all the basic amenities, especially portable water, was considered.
Having watched helplessly while Kogi east legislative strides devalorize daily amidst national core issues, I put a call to some ‘behavioural scientists’ to find out what differentiates ‘psychological dispensation’ from action but they are yet to get back to me. Vision, they say, determines mission and mission determines action. The hypocrisy in the entire narrative of our legislative struggles is not far fetched; the man at the helm of affairs is formerly known for his indispensable slogan “Development of Igalaland is my priority”.
More delusive, Aidoko is also a major stakeholder in the so called ‘project save Kogi’. So, one may be tempted to ask, what has suddenly befallen this noble personality? Has power actually corrupted him or the so-called slogan was just a headway to political limelight?
The time is appropriate to pose this sacred question (Legal quests or Legislation?) before distinguished Senator Aidoko as further delay may write off Kogi east from Nigeria’s Geo-political zones. Judiciary they say is the last hope of a common man but for Aidoko, it’s an avenue to quiz justice against the people.
In 2015, Kogi East Senatorial mandate was grasped via election petition tribunal as Abdulrahman Abubakar of the ruling All Progressives Congress won the senatorial poll. Lending credence, he was given the certificate of return as member of the Nigeria Senate on the 3th of April 2015 and took oath of office in June 2015 conforming with electoral acts.
Six months later, Aidoko swirled into the Senate with a verdict from the state electoral petition tribunal siting in Lokoja asking Senator Abdulrahman Abubakar (APC) who polled 98,915 votes to relinquish for him as the flag bearer of the opposition party with 88, 994 votes. Efforts to appeal the injustice perpetrated against Abdulrahman was an exercise in futility as Aidoko, though has Alfa to contend with, bought his way in the entire process.
The legal battles between Aidoko and Alfa however came on the heel of nonconformity with party rules on individual mandate. While Alfa was anointed by his party with his mandate, Aidoko leveraged on his allotted court mandate.
To show that Alfa was also endorsed by the gods (ojo-ane), not only did he win the scheduled re-run, the pre-election suit had had Aidoko declared unqualified for the second time. But coercively, Aidoko flouted court judgement to remain in the senate regardless of whose ox is gored and the recent appeal he filed at the supreme court is just a guy-man making the street attractive for the next ten months when his tenure shall elapse.
Apparently, Aidoko has never been mandated by his constituency in the senatorial journey so far going by the above facts. He has never won election but rely on paid court orders to overthrow those who toiled every nooks and crannies of the constituency to woo voters.
It was reported online that Aidoko bribed four judges of the supreme Court with a whooping some of N100,000,000 each in order to halt it’s judgement on the pre- election suit by Isaac Alfa sometimes last year.
Space constraints may deter my urge to X-ray the saga between Air Marshall Isaac Alfa and distinguished senator Aidoko Ali Usman but one disgusting fact posterity may not allow if ignored is the fact that Alfa ambitiously gambled with Edward Onoja and cohorts in order to secure justice. But if I must balance the equation, Alfa’s last-minute move is just a tradition everyone must adopt especially if the business of politics must thrive. His concordat with Edward Onoja which hierarchically introduced the influence of the state governor, Minister of Justice and finally the presiding judge was a perfect political permutation. At least the mission was accomplished even though the future is uncertain.
Our democracy has been muddled. The business of legislation is now clustered in one-man’s show which neither regard the rule of law nor enforce common will. The judiciary has been cloned into private entity with the outputs favoring an individual.
Those accusing me of raising dust among our party men can now understand that Aidoko has no place in the heart of any party man or the PDP itself going by the odious selfishness and permutations that had reduced Kogi eastern legislation to a shit hole. How can Aidoko sit and watch while Dino Melaye and his counterpart from the central strive for Ajaokuta steel? How can we watch while our Constituency allowances is been diverted and use for legal cases? How can we fold our hands while myopically inclined, self-serving and self-aggrandizement hold sway to the detriment of common will and aspirations?
To prevent further rots, Aidoko and his handlers must be called to order, at least to explain their preferences between the hovering legal quests and legislative business. So that if the need be, we must shop for possible replacement. A black goat they say is better captured in the day time. (PROPHETIC declaration)
God Bless Kogi East.
John Paul, writes from Lokoja, Kogi State. He can be reached on 07064258752
Editor’s Note
The views and opinions expressed in this article are purely of the writer and do not necessarily reflect the position of Business Post Nigeria on the subject matter.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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