General
Obasanjo’s Endorsement Of Peter Obi Worthless—Tinubu
By Aduragbemi Omiyale
The campaign group of the presidential candidate of the ruling All Progressives Congress (APC) in the 2023 polls, Mr Bola Tinubu, has described the endorsement of the candidate of the Labour Party, Mr Peter Obi, by former president Olusegun Obasanjo, as “worthless.”
On Sunday, Mr Obasanjo released a letter to announce his support for Mr Obi, but in a swift response, the Director for Media and Publicity for the APC Presidential Campaign Council (PCC), Mr Bayo Onanuga, rubbished the endorsement.
Mr Onanuga declared that the former Governor of Lagos State would not “lose sleep over Obasanjo’s move, as Obasanjo is notorious for always opposing progressive political forces, as he did against MKO Abiola in 1993.”
The group said it pities Mr Obi because it is “confident that Chief Obasanjo cannot win his polling unit and ward in Abeokuta for Obi in the coming Presidential election on 25 February, 2023.”
“From our records, President Obasanjo has not successfully made anyone win an election in Nigeria since then.
“Not even in Ogun State can anyone rely on his support or endorsement to become a governor or Councillor,” the statement said.
Read the full response below:
We read with amusement the endorsement of Mr Peter Obi, the Labour Party Presidential Candidate by former President Olusegun Obasanjo in his New Year message on Sunday.
Following calls by journalists from various media houses who asked for our reaction we decided to make this preliminary statement, though we didn’t consider the so-called endorsement to be of any value.
We respect the democratic right of former President Obasanjo to support and endorse any candidate of his choice in any election.
Except that he made it known formally in his new year message, any discerning political watcher in Nigeria knows that Chief Obasanjo’s preference for Peter Obi is expected. He had earlier stated his position at various public events, the last being at the 70th birthday anniversary of Chief John Nwodo, former President of Ohaneze Ndigbo in Enugu.
We make bold to say that our party and candidate, Asíwájú Bola Ahmed Tinubu will not lose sleep over Obasanjo’s move, as Obasanjo is notorious for always opposing progressive political forces, as he did against MKO Abiola in 1993.
The endorsement is actually worthless because the former President does not possess any political goodwill or leverage anywhere in Nigeria to make anyone win a Councillorship election let alone win a Presidential election. He is a political paperweight.
He is also not a democrat anyone should be proud to be associated with.
We recall that in 2003 and 2007 general elections when he was a sitting President, Obasanjo used all the coercive instruments of State at his disposal to railroad people into elective offices against the will of Nigerians as expressed at the polls. In 2007, he declared the polls a do or die affair after he failed in his bid to amend our constitution to have a third term.
From our records, President Obasanjo has not successfully made anyone win election in Nigeria since then.
Not even in Ogun State can anyone rely on his support or endorsement to become a governor or Councillor.
We pity Peter Gregory Obi as we are confident that Chief Obasanjo cannot win his polling unit and ward in Abeokuta for Obi in the coming Presidential election on 25 February, 2023.
Chief Obasanjo’s endorsement is not a political currency Mr Peter Obi can spend anywhere in Nigeria because he is not a political force, even in his part of the country.
Chief Obasanjo similarly endorsed Alhaji Atiku Abubakar, Peoples Democratic Party candidate in 2019 against President Muhammadu Buhari. Atiku was walloped by Buhari with a wide margin in the election.
History will repeat itself in February as our candidate Asíwájú Bola Ahmed Tinubu will equally beat Obi by a large margin.
We take a particular notice of the part of the endorsement statement where Chief Obasanjo said none of the presidential candidates is a Saint.
We want to state here that Chief Obasanjo is not a good judge of character. He is a man who considers only himself as the all-knowing Saint in Nigeria.
Over the years, Chief Obasanjo has also convinced himself that integrity, honesty and all good virtues begin and end with him.
Bayo Onanuga
January 1, 2023
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.”
