General
Anambra Re-Elects Soludo as Governor for Second Term
By Adedapo Adesanya
Governor Chukwuma Soludo has secured a second term in office, keeping him at the government house in Akwa until 2030, after being declared the winner of the November 8 Anambra State governorship election by the Independent National Electoral Commission (INEC).
According to the results announced by INEC in the early hours of Sunday, Mr Soludo won by a landslide in the 21 local government areas of the South-East state.
The State Returning Officer and Vice Chancellor of the University of Benin, Mr Omoregie Edoba, declared Mr Soludo as the winner of the exercise after the collation of results from the local government areas of the state where the election was held.
“I hereby declare that Soludo Charles Chukwuma of the APGA, having satisfied the requirements of the law, is hereby declared the winner and is returned elected,” Mr Edoba, a professor, told a gathering at the state headquarters of INEC in Awka, the state capital, where the election results were collated.
The electoral umpire said out of a total number of 2,788,864 registered voters, 598,229 were accredited for the election. It also said that of the total number of 595,298 votes cast in the election, 584,054 were valid while 11,244 were rejected.
Mr Soludo, the candidate of the All Progressives Grand Alliance (APGA), secured 422,664 votes to trounce his closest rival, the All Progressives Congress (APC)’s Nicholas Ukachukwu, who polled 99,445 votes.
Mr Paul Chukwuma of the Young Progressives Party (YPP) came third with 37,753 votes, while Mr John Nwosu of the African Democratic Congress (ADC) scored 8,208 votes.
Mr George Moghalu of the Labour Party (LP) and Mr Jude Ezenwafor of the Peoples Democratic Party (PDP) scored 10,576 votes and 1,401 votes, respectively.
Shortly after the results were announced, there was jubilation at the residence of the governor in Isoufia community, Aguata LGA.
In a statement personally signed by him, President Bola Tinubu congratulated Mr Soludo and described his re-election as a testament to his visionary leadership and the significant progress recorded under his administration.
“Governor Soludo, the Solution, has demonstrated that knowledge is indeed power and that academic principles can be applied in serving the people, undergirding accountability, transparency, and prudent management of people and resources.
“I visited Anambra State in May this year, where I inaugurated some projects executed by the Soludo administration. I highlighted the good thinking behind the landmark projects embarked upon by Mr Solution. That experience is indeed remarkable and will remain indelible in my mind.
“I commend Governor Soludo for bringing discipline, grace, brilliance, and a fresh perspective to governance in Anambra. Under him, Anambra is living up to its motto as the Light of the Nation.
“I urge Governor Soludo to be magnanimous in victory and to seek the cooperation of his opponents in the just-concluded election.
“I assure Governor Soludo of my unwavering support, and I look forward to continued collaboration between Anambra and the Federal Government.
“The victory of the opposition All Progressives Grand Alliance in the election again demonstrates the vitality of our political system and the fact that victory for any progressive and hardworking leader can hardly be encumbered or denied,” the President said.
President Tinubu also commended the new INEC Chairman, Professor Joash Amupitan, and his team for conducting what he described as a credible election, based on reports received.
He charged the commission to maintain high standards and continue to improve its performance “so we can strengthen and deepen our electoral system.”
By Modupe Gbadeyanka
The Economic and Financial Crimes Commission (EFCC) has explained why it initiated a move to freeze the bank account of the Osun State government.
Earlier on Wednesday, the Governor of Osun State, Mr Ademola Adeleke, claimed that the anti-money laundering agency asked one of its bankers, First Bank, not to release funds to the state government.
According to the Governor, this was part of the strategies to frustrate his administration ahead of the August 15, 2026, governorship election in the state.
Reacting to the issue on Wednesday night, the EFCC, in a statement, said it has been investigating the state government since March 2026 over an alleged “fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee (FAAC) account to the tune of N11.0 billion.
The organisation noted that some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC.
“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026.
“The commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved,” parts of the statement said.
In the disclosure, the agency noted that its preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources, stressing that it cannot “watch idly while a state government’s account is being pillaged.”
“While the commission is fully aware of the impending governorship election in Osun State, it has a responsibility to act in defence of the sanctity of the funds of the state. It will be uncharitable for the commission to allow an excuse of an upcoming election to fold its arms to perform its legally-assigned functions,” it pointed out.
The EFCC disclosed that it is “keeping watch over the finances of other states like Osun State. Many of these states are on the investigative radar of the commission to ensure accountability and probity. The commission has always pointed out that it is non-partisan and non-sectarian but always working in the overall interests of Nigerians. The Osun State government account was frozen to save public funds from being looted.”
The organisation urged the public “to ignore false narratives and deliberate demonisation of the works of the EFCC. The interests of all Nigerians are greater and will always be protected by the commission.”
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched a mobile application designed to monitor fuel consumption patterns in real time across retail outlets nationwide.
The NMDPRA, established under the Petroleum Industry Act (PIA) 2021, is responsible for the technical and commercial regulation of Nigeria’s midstream and downstream petroleum operations. The deployment of the mobile application aligns with the authority’s broader efforts to leverage technology to improve regulatory compliance and strengthen accountability.
The pilot phase of the project began on August 1 in Abuja and its six Area Councils, the authority said in a statement published on X.
As part of the rollout, the Executive Director for Distribution Systems, Storage and Retailing Infrastructure (DSSRI), Mr Ogbugo Ukoha, led a team alongside officials from the Abuja Regional Office to assess the readiness and operational performance of the digital platform at participating retail outlets.
According to the NMDPRA, the application captures inventory and compliance data in real time, enabling regulators to monitor fuel distribution more effectively while improving operational efficiency across the sector.
The authority said the platform would generate reliable, data-driven insights to support evidence-based decision-making, strengthen national energy security planning and enhance transparency in the downstream petroleum industry.
It added that the initiative is expected to provide significant value to government, investors, operators and other stakeholders by improving access to accurate fuel consumption and compliance data.
Nigeria’s downstream petroleum sector has undergone significant changes since the deregulation of the petrol market and the removal of fuel subsidies, with regulators placing greater emphasis on data-driven supervision to ensure product availability, prevent supply disruptions and discourage sharp regional disparities in distribution.
By Modupe Gbadeyanka
No doubt, moving money among African markets remains a slow, fragmented process that relies on multiple intermediaries and prolonged settlement cycles.
To solve this issue and drive the development of stablecoin-enabled payment services for businesses across the continent, Onafriq has joined forces with a leading stablecoin infrastructure provider, Privy.
The collaboration will enable Onafriq to create and manage embedded digital asset solutions for its partners and, in time, institutional clients where regulation allows. The initial phase focuses on cross-chain stablecoin transfers and treasury and settlement workflows, creating the foundation for future cross-border payment and liquidity solutions.
Integrating Privy’s secure infrastructure enables Onafriq to build the capabilities required to support a new generation of efficient digital payment services for banks, fintechs, and mobile money operators.
This partnership is a key component of Onafriq’s broader strategy to modernise pan-African payment infrastructure, enabling secure multi-modal wallets and more efficient movement of value across the continent.
The outcome will support a range of future institutional use cases, including stablecoin-enabled settlement, treasury management and liquidity services, as it reflects Onafriq’s commitment to driving Africa’s digital transformation agenda by investing in technologies that make financial services more efficient, connected and accessible.
It was gathered that Onafriq selected Privy for its enterprise-grade infrastructure to enable the seamless integration of digital asset wallet capabilities into its products, subject to regulatory approval, and deliver a simple user experience while abstracting the complexity of blockchain technology.
“At Onafriq, we keep investing in technology that makes payments faster and more accessible. Privy gives us a building block for faster settlement and better liquidity management. As demand for digital asset services grows, our goal is to ensure Africa’s payment ecosystem benefits securely and in line with regulatory frameworks,” the Group Chief Product and Innovation Officer at Onafriq,” Mr Luke Kyohere, said.
The chief executive of Privy, Mr Henri Stern, said, “Stablecoins will play an increasingly important role in the future of global payments, but real-world adoption depends on infrastructure that is secure, scalable and simple to implement. Working with Onafriq allows us to help build that foundation across Africa and beyond.”
