General
Obasanjo’s Endorsement: SERG Urges Atiku, Tinubu to Step Down for Obi
By Modupe Gbadeyanka
The presidential candidates of the Peoples Democratic Party (PDP), Mr Atiku Abubakar, and his counterpart in the All Progressives Congress (APC), Mr Bola Tinubu, have been urged to step down for the candidate of the Labour Party, Mr Peter Obi.
This appeal was made by a pan-Igbo socio-political pressure group, the South East Revival Group (SERG), in a statement signed by its president and national coordinator, Mr Willy Ezugwu.
This is coming a few days after former President Olusegun Obasanjo openly endorsed the former Governor of Anambra State for the race.
In a letter addressed to the youths on January 1, 2023, Mr Obasanjo said Mr Obi remains the only candidate that could rescue Nigeria from hell on earth he said the current administration of President Muhammadu Buhari had plunged the country into.
Reacting to this, SERG described Mr Obasanjo’s endorsement as “a welcome development,” saying that based on equity, fairness, and justice, it was really the turn of the South East to produce the next president of Nigeria.
“The late second republic Governor of Kaduna State, Alhaji Abulkadir Balarabe Musa, in an interview with Channels Television on September 19, 2019, unambiguously proposed that the South East region should produce the next president come 2023, arguing that zoning the next presidency to the region will not only give the Igbos a sense of belonging in Nigeria but will also promote national unity and cohesion.
“In his interview with Vanguard on July 25, 2020, the late statesman insisted that for the sake of peace, justice and national unity, the presidency should go to the South East region of the country in 2023.
“According to the former governor, since the North, South West and South-South have all had a shot at the presidency, it will be morally wrong if any of the zones contest the presidency in 2023 against the South East that has not tasted power since the return to democracy in 1999.
“On its part, the Yoruba socio-cultural organisation, Afenifere, also called for a Nigerian of South East extraction to lead the country come 2023.
“Afenifere leader and elder statesman, Pa Ayo Adebanjo, observed that based on morality, the South East region should produce the next president in the spirit of fairness and unity.
“The elder statesman also reasoned further that since his South-West region has had its turn with former President Olusegun Obasanjo and Vice President Yemi Osinbajo, the South-South with ex-President Goodluck Jonathan, political parties should not hesitate to see the South East as the next in line.
“On April 26, the Leadership newspaper reported that the Southern and Middle Belt Leaders urging all political parties to zone their presidential tickets to the South East to cement unity and fairness in the country.
“The regional leaders reiterated that most of the zones in the country have had their people occupy the presidential villa, adding that the South East has qualified candidates in all political parties that can be president in 2023.
“These Nigerian elders and statesmen, who have seen it all, cannot be wrong in their unanimous calls.
“With peace eluding the country, not just because of agitations in most parts of the country but also in view of the increasing insecurity and poverty, rotation of the Presidency remains the panacea for attaining national unity and transformational development.
“From the words of our elders, rotational Presidency is the most viable option for nation building and in the quest to evolve a country where all citizens have equal rights to positions of authority, rather than the skewed political leadership practised in the country since the post-civil war politics in Nigeria,” the group stated.
“Secondly, the South East has produced the best candidate among the contenders who is unarguably the most prepared for tackling the current security and economic challenges bedevilling Nigeria. To crown it all, Mr Peter Obi has picked one of the most qualified young men from the North, Senator Yusuf Datti Baba-Ahmed, as his running mate.
“It was surprising that in the build-up to the primary elections, the South East was tactically excluded from the race by selfish politicians in both the PDP and the APC as their presidential tickets went to the highest bidders, rather than to the most competent to lead Nigeria.
“But, by divine providence and in the wisdom of the Nigerian people, a third force was birthed, and Mr Peter Obi and Senator Yusuf Datti Baba-Ahmed became the anointed joint ticket for the task of rebuilding our country, which has been troubled by ethnicity and religion in recent times.
“It has been argued that the North East and the South East have not produced a President of Nigeria since the return to democracy in 1999, but in the interest of justice, it would be unthinkable for a northerner to take over from President Muhammadu Buhari who himself is of Northern extraction come May 29, 2023.
“Therefore, the Obi-Datti presidential ticket is an opportunity to unite Nigeria and promote justice and equity for national integration development.
“Today, we are excited that Nigerians have seen the need to give unto themselves the best and most qualified presidential and vice presidential candidates in the person of Mr Peter Gregory Obi and Senator Yusuf Datti Baba-Ahmed, who are youthful and have no baggage of corruption. Both have come to the race with a verifiable track record of performance in both the public and private sectors.
“The public endorsement of the joint ticket by former President Olusegun Obasanjo has given the country direction and hope for national recovery after years of maladministration and mismanagement of Nigeria’s natural endorsements.
“We then call on the presidential candidates of the PDP and the APC to toe the path of honour and immediately step down for Peter Obi as it is the right thing to do at this time of our national leadership deficit,” SERG added.
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.”
