General
Buhari is a Failure, Waste, Hypocrite—Aisha Yesufu
By Dipo Olowookere
Co-convener of the popular BringBackOurGirls (BBOG) group, Aisha Yesufu, has come hard of President Muhammadu Buhari over the present scarcity of petrol across the country.
Yesufu, while reacting to an old tweet of Mr Buhari in 2015 on the fuel scarcity under the last administration of Mr Goodluck Jonathan, said President Buhari has failed as both the Minister of Petroleum Resources and President.
Mr Buhari is presently Nigeria’s Minister of Petroleum, with Mr Ibe Kachikwu, the Minister of State for Petroleum Resources his deputy.
“The countless man hours that will be spent at petrol stations today, will reduce our productivity as a nation. This should not be so,” Mr Buhari has posted via his official Twitter page at 10:44am of March 2, 2015.
This tweet was over three weeks before the 2015 presidential election, which Mr Buhari won. The poll was held on Saturday, March 28, 2015.
But reacting to this old tweet of the President yesterday, the BBOG activist said, “Dear President Muhammadu Buhari @MBuhari Your tweet below says it all about your hypocritical stand.
“Your tears, words, tweets were never about Nigeria but about your need to come & enjoy the perks of power. You have failed as the Minister of Petroleum & more so as the President,” she posted.
Commenting further, Yesufu asked, “What type of President are you? You have not had the decency to address the Nation on the crippling effect of the fuel scarcity that many are suffering. You may have Kano people in your pocket, you sure don’t have the rest of us there.
“At your age, one would have expected you have seen it all and not be swayed by the temporary insanity of power but alas! age does not mean wisdom, integrity, values and character.
“So, what has happened now that is different from 2nd March 2015 when you made that tweet during fuel scarcity? That you became President? What a shame! Power that is transient? Somebody was there before you and somebody would be there after you. What’s the big deal!
“People are suffering and all that concerns you is the fawning you get and revel in the access to Presidential jets and pictures of you in overcoat with your incompetent sycophants toeing the line
“I don’t blame you, I blame the timid, docile and irresponsible citizens of Nigeria that would fight themselves on the queues at the filling station instead of coming to Aso Villa to fight you. Shamefully, I am one of the citizenry. Be warned one day we would no longer take it!
“Your impunity and arrogance of treating the people of Nigeria with disdain would definitely come back and haunt you when you see yourse
lf alone without the sycophants.
“Lee Kuan Yew is your mate. Nelson Mandela is your mate. They spent their years as leaders thinking about the next generation and building legacy. You are spending your time thinking about the next election while enjoying bagpipes and ceremonial welcome. What a waste!
“Nigerians cried over killings and molestation by @PoliceNG you turned deaf ears. Fuel scarcity you equally have turned deaf ears. We are counting! We would remember! It’s a debt we would not forget. Our day to turn deaf ears too would come God willing!
“Mr President, the first thing you should do about this fuel scarcity is to fire yourself as Minister of Petroleum and get a competent hand to be one, that’s if you would recognise competence even if it hits you in the face!”
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.”
