General
Benedict Peters Denies Funding Political Movement
By Modupe Gbadeyanka
Business mogul, Mr Benedict Peters, has refuted claims that he is the main financial of a new political movement in Nigeria called the Third Force.
The oil magnate, in a statement issued last weekend, distanced himself from the speculations, emphasising that he is not a “financier of the said organisation or any socio-political partisan association or political party in Nigeria or anywhere else in the world.”
According to him, he has received calls and messages advising him to “ignore” the tweet and regard the reports as the “handiwork of detractors,” but having taken into consideration his travails in recent times, fuelled largely by the adverse effects of incomprehensible media falsehood, he was forced to “immediately authorize the release of a rebuttal, given the malicious, damaging effect the unprofessional tweet is capable of creating.”
In the statement personally signed by him, Mr Peters said, “As an International businessman of repute, I have deliberately kept stayed away from politics preferring, instead, to focus and give my all to the development of my business interests across the African continent.
“Corporate Social Responsibility contributions has seen the Aiteo Group, which I lead, provide investment support in Medicine and Medical Research dedicated to seeking cures for several ailments which affect the African continent as well as investment in Sport and Sport as a panacea for the development of Africa’s teeming youth population.
“The latter has been particularly evident in the Sport of football where we have major relationships with the Nigerian Football Federation and Confederation of African Football (CAF). This is even as we continue to regularly provide financial support and investments to encourage building the ‘Nigerian Dream’ through multi-dimensional and multifaceted socio economic interventions.
“Neither I, my immediate family nor companies in which I have interests would embark on the sponsorship of a movement which is unknown to us. This would be crass, irresponsible and inconsistent with the commercial prudence that a businessman of my accomplishment would consider. To, therefore, name me as a financier of such a venture is not only vile and callous, it is insensitive and inconsiderate.
“It is a sad reminder of the length that some people, manipulating the malleable, depraved and downright dishonest elements of the media, can go (for reasons best known to them) in their despicable and contemptible attempts to continue to pitch me against the government of the day in Nigeria!
“Apart from seeking to impugn my integrity as the publication has done, the authors appear to premise the absurdity of their fabrication on my very well publicized relationship with former President Chief Olusegun Obasanjo.
“I confirm that I know the former President very well. He is like a father to me. He was a friend of my father, the late Chief F.B Peters and has a relationship with my family that dates back over 30 years.
“In the publishers’ indecent haste to malign the former president and I, amongst others, they demonstrated a shameful shallowness that paid no heed to the very personal nature of our relationship.
“For the avoidance of any doubt whatsoever, I also confirm, categorically, that the former President has, on no occasion, discussed or mentioned any such plan or intention to me. This situation very pointedly affirms the irrationality and farcicality of the allegations as a whole.
“As unconvincing and implausible as these allegations are, I am constrained to take steps to address these unbridled excesses as a means of protecting my family, my business and I from these unwarranted personal attacks.
“Accordingly, I have instructed my lawyers to immediately take steps to obtain a retraction, in the absence of which they are to take all steps available to provide me with protection, remedy and relief.
“I ask the general public and well-meaning Nigerians at home and abroad, to disregard the tweet and its contents. It is nothing but FAKE NEWS.
“Finally, my message to the COWARDS who have, again, sought to use cheap, fabricated publicity and dirty media propaganda to cause me embarrassment, is that no assemblage of hatchet jobs/men or media manipulation can shake my unwavering stand and belief in the fortunes of the Nigerian economy and the success of the ‘Nigerian Project’.
“Aiteo as a business endeavour has come to stay and will grow bigger in the years to come.”
By Adedapo Adesanya
The Socio-Economic Rights and Accountability Project (SERAP) has approached the court against the Independent National Electoral Commission (INEC) over an alleged N800 billion campaign fund diversion.
The organisation is seeking to compel the electoral body to investigate allegations that about N800 million from the Federation Account Allocation Committee (FAAC) allocations was diverted by governors elected on the platform of the All Progressives Congress (APC) to finance political and campaign activities.
The suit, marked FHC/ABJ/CS/1426/2026, was filed at the Federal High Court in Abuja last week, but no date has been fixed for the hearing of the suit.
SERAP is asking the court to issue an order of mandamus directing INEC to investigate the claims that the governors channelled public funds into a dedicated campaign account allegedly meant to support President Bola Tinubu’s 2027 re-election bid.
The organisation is also requesting an order compelling INEC to demand full disclosure from the governors and the APC on any contributions made to such a campaign fund, including the identities of donors and the lawful sources of the funds.
In addition, SERAP wants the electoral commission to commence a comprehensive review of compliance with Section 91 of the Electoral Act by political parties and candidates, particularly regarding campaign financing and the sources of political donations.
According to SERAP, the allegations raise fundamental concerns about transparency in political financing, electoral fairness and the constitutional rights of Nigerians to participate freely in democratic governance.
The organisation argued that opaque campaign financing remains a major avenue for corruption and weakens public confidence in democratic institutions.
It maintained that the alleged misuse of public funds for political purposes threatens the credibility of the 2027 general election and undermines public trust in the electoral process.
In the suit filed by its lawyers, Mr Kolawole Oluwadare and Ms Kehinde Oyewumi, SERAP argued that the reported diversion of public resources for campaign activities warrants immediate action by INEC under its constitutional and statutory responsibilities.
The group stated: “The abuse of state resources for electoral advantage undermines democratic integrity and public trust. Fairness, transparency, and accountability in political or campaign finance are essential safeguards against corruption, state capture, and undue influence in democratic processes.”
SERAP further argued: “The allegations of diversion or opaque use of public funds pose a grave risk to the integrity of the 2027 general elections.”
The organisation said large-scale public financial allocations, combined with weak oversight and limited transparency, provide sufficient grounds for INEC to activate its investigative powers.
Referring to Section 91 of the Electoral Act, SERAP noted that the law empowers INEC to regulate political donations, enforce contribution limits, demand disclosure of funding sources and impose sanctions where violations occur.
The organisation explained that political parties found to have exceeded donation limits risk fines of up to ₦10 million and forfeiture of excess funds, while individuals who exceed prescribed limits are liable to penalties amounting to five times the excess contribution.
SERAP also contended that campaign financing derived from public resources distorts electoral competition and violates constitutional principles guaranteeing free, fair and transparent elections.
According to SERAP, INEC has a constitutional duty to ensure compliance with campaign finance regulations and to investigate allegations that could compromise the integrity of the electoral process.
By Adedapo Adesanya
The Independent National Electoral Commission (INEC) has shifted the deadline for political parties to submit the names and credentials of candidates seeking to contest the 2027 presidential and National Assembly elections.
The electoral body announced that parties now have until midnight on Tuesday, July 14, to complete the process, extending the earlier deadline of Saturday, July 11.
Under INEC’s timetable for the 2027 general election, political parties were expected to upload the names and personal particulars of their presidential, Senate and House of Representatives candidates before the initial cut-off date.
Explaining the decision, INEC said the extension followed appeals from political parties that had encountered difficulties meeting the deadline.
In a statement issued on Sunday, the National Commissioner and Chairman of the Information and Voter Education Committee, Mr Mohammed Haruna, said the request was formally conveyed through the Inter-Party Advisory Council (IPAC).
According to him, IPAC sought additional time on behalf of parties that were yet to complete the submission of their candidates’ details through the commission’s portal.
“The decision to extend was based on an appeal by the Inter-Party Advisory Council, on behalf of political parties who were unable to upload the names and personal particulars of their candidates within the scheduled timeline,” Mr Haruna stated.
INEC noted that the extension is intended to give all eligible parties a fair opportunity to comply with the requirements of the electoral process while remaining within the framework of the law.
The commission also urged political parties to utilise the extra period to finalise and upload all required information ahead of the revised deadline.
“The commission enjoins political parties to take advantage of this window of opportunity and ensure that all necessary details are uploaded before the expiration of the new deadline,” the statement added.
By Dipo Olowookere
Nigeria’s Vice President, Mr Kashim Shettima, will run as the vice-presidential candidate of the All Progressives Congress (APC) in the 2027 presidential election.
President Bola Tinubu retained Mr Shettima as his running mate for re-election next year, according to the National Chairman of the APC, Mr Nentawe Yilwatda.
In a post on Friday on X, the ruling party chairman described this as “another significant milestone in the journey of our great party.”
He also said it reaffirms the party’s collective resolve to sustain the Renewed Hope Agenda and deepen the progress already being recorded across the country.
It was gathered that Mr Tinubu submitted his presidential nomination forms today through his Special Adviser on Political and Other Matters, Mr Ibrahim Masari.
The submission was done ceremony at the Continental Hotel, Abuja, attended by several party chieftains, including The event brought together an impressive array of leaders of our great party, including the Chairman of the Progressive Governors’ Forum and Governor of Imo State, Mr Hope Uzodimma; Governor Mai Mala Buni of Yobe State, Governor Nasir Idris of Kebbi State, Governor Abba Kabir Yusuf of Kano State, Governor Uba Sani of Kaduna State, Governor Babagana Umara Zulum of Borno State, Governor Ahmadu Umaru Fintiri of Adamawa State, as well as other governors, party executives and critical stakeholders from across the federation.
“The All Progressives Congress remains focused on strengthening its grassroots support, consolidating the achievements of the Renewed Hope Agenda and working together to build a more prosperous, secure and inclusive Nigeria for all,” the party leader stated.
