General
Presidency Blasts Ezekwesili Over IPOB Comments
By Modupe Gbadeyanka
Former Minister of Education and co-convener of the #BringBackOurGirls Group, Mrs Oby Ezekwesili, has been advised by the presidency to demonstrate a great sense of responsibility in the face of national security challenges posed by the IPOB incendiary propaganda designed to cause civil unrest in the country.
Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, said in a statement yesterday that, “A prominent influencer like Dr Oby has a moral and patriotic duty not to give ammunition to any violent group that seems determined to pursue its separatist agitation through reckless and destructive methods.”
He explained that, “While it is convenient for the civil society activist to condemn the military and the government of President Buhari, Mrs Ekekwesili didn’t find it appropriate, even once, to criticise the dangerous and violent propaganda being propagated by the IPOB leader, Nnamdi Kanu.
“Oby, as they call her, tweets on everything. Why was she silent on this one?”
According to him, the attacks on soldiers and policemen by IPOB supporters “was most irresponsible, indefensible and reckless” and that nobody in her position “should elevate mobs to the status of rock stars for the sake of playing to the gallery.”
The presidential media aide said while the military are taking all precautions to observe the rules of engagement, “there is a deliberate sinister agenda by IPOB to provoke the soldiers into killing innocent people in retaliation so that Nnamdi Kanu would use the pictures of the victims for international propaganda by the accusing the government of ethnic cleansing against the Igbos with the sole purpose of gaining sympathy.
“A president who has put the nation’s cash cows, the Central Bank and the Ministry of Petroleum in the hands of the Igbo; who has given four out of five states in the sub-region senior cabinet posts in his administration, including Foreign Affairs; and Industry, Trade and Investment, and is constructing the Second Niger bridge after years of deceit and false starts cannot be called a hater of the Igbo.”
The statement warned that the politicization of the ongoing military exercise in the sub-region, itself in line with similar exercises in the five other geopolitical regions is inimical to the military readiness of the armed forces and the much-desired improved civilian-military relations in the country.
Mr Shehu, also wondered why Mrs Ezekwesili “retreated to the background or lost her voice while IPOB supporters were violently molesting, harassing, attacking and jeopardizing the lives of indigenes and non-indigenes,” challenged Mrs Ezekwesili to explain to Nigerians where the constitution of Nigeria, and international human rights law support the killing and molestation of innocent people in the name of advocacy for self-determination.
According to him, “her hypocritical and timid silence while Kanu’s IPOB supporters were engaged in lawlessness and recklessness in violation of his bail conditions is a burden on her credibility as a national crusader who should be courageous to condemn criminality. This art of using a raincoat while taking a bath is nothing short of self-deceit.”
He reminded her that “if the Buhari administration could take tough action against the extremist religious groups in the northern parts of the country to preserve national security, it is ridiculous to accuse the President of sending soldiers to the Southeast because he hates the Igbos. The Federal Government under President Muhammadu Buhari respects all citizens and will ensure that they are safe and secure wherever they reside.”
Mr Shehu advised her to rise above pettiness and sentiments, and to resist the temptation to play to the gallery, when the country’s national security is under threat, adding that “seeking to make political capital out of a chaotic situation is highly unbecoming of her and of the reputation she has worked hard to build over the years.”
General
EFCC Admits Freezing Osun Bank Account, Alleges N11bn Embezzlement
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.”
General
NMDPRA Launches App to Track Fuel Consumption Across Filling Stations
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.
General
Onafriq, Privy to Build Regulated Stablecoin Infrastructure for B2Bs
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.”



