General
Saraki Quits APC, Returns to PDP
By Modupe Gbadeyanka
Nigeria’s Senate President, Mr Bukola Saraki, has announced his resignation from the ruling All Progressives Congress (APC).
Mr Saraki left the APC on Tuesday night, stating that he was left with no other option after making efforts to resolve issues he had with some key members of the party.
In a statement issued today, the Senate President said he exited the party after due consultations with stakeholders from his state, Kwara State.
Mr Saraki said he was returning to the opposition party, the Peoples Democratic Party (PDP), which he left about four years ago.
“I wish to inform Nigerians that, after extensive consultations, I have decided to take my leave of the All Progressives Congress (APC).
“This is not a decision that I have made lightly. If anything at all, I have tarried for so long and did all that was humanly possible, even in the face of great provocation, ridicule and flagrant persecution, to give opportunity for peace, reconciliation and harmonious existence.
“Perhaps, more significantly, I am mindful of the fact that I carry on my shoulder a great responsibility for thousands of my supporters, political associates and friends, who have trusted in my leadership and have attached their political fortunes to mine. However, it is after an extensive consultation with all the important stakeholders that we have come to this difficult but inevitable decision to pitch our political tent elsewhere; where we could enjoy greater sense of belonging and where the interests of the greatest number of our Nigerians would be best served.
“While I take full responsibility for this decision, I will like to emphasise that it is a decision that has been inescapably imposed on me by certain elements and forces within the APC who have ensured that the minimum conditions for peace, cooperation, inclusion and a general sense of belonging did not exist.
“They have done everything to ensure that the basic rules of party administration, which should promote harmonious relations among the various elements within the party were blatantly disregarded. All governance principles which were required for a healthy functioning of the party and the government were deliberately violated or undermined. And all entreaties for justice, equity and fairness as basic precondition for peace and unity, not only within the party, but also the country at large, were simply ignored, or employed as additional pretext for further exclusion.
“The experience of my people and associates in the past three years is that they have suffered alienation and have been treated as outsiders in their own party. Thus, many have become disaffected and disenchanted. At the same time, opportunities to seek redress and correct these anomalies were deliberately blocked as a government-within-a-government had formed an impregnable wall and left in the cold, everyone else who was not recognized as “one of us”. This is why my people, like all self-respecting people would do, decided to seek accommodation elsewhere.
“I have had the privilege to lead the Nigerian legislature in the past three years as the President of the Senate and the Chairman of the National Assembly. The framers of our constitution envisage a degree of benign tension among the three arms of government if the principle of checks and balances must continue to serve as the building block of our democracy. In my role as the head of the legislature, and a leader of the party, I have ensured that this necessary tension did not escalate at any time in such a way that it could encumber Executive function or correspondingly, undermine the independence of the legislature. Over the years, I have made great efforts in the overall interest of the country, and in spite of my personal predicament, to manage situations that would otherwise have resulted in unsavoury consequences for the government and the administration. My colleagues in the Senate will bear testimony to this.
“However, what we have seen is a situation whereby every dissent from the legislature was framed as an affront on the executive or as part of an agenda to undermine the government itself. The populist notion of anti-corruption became a ready weapon for silencing any form of dissent and for framing even principled objection as “corruption fighting back”. Persistent onslaught against the legislature and open incitement of the people against their own representatives became a default argument in defence of any short-coming of the government in a manner that betrays all too easily, a certain contempt for the Constitution itself or even the democracy that it is meant to serve.
“Unfortunately, the self-serving gulf that has been created between the leadership of the two critical arms of government based on distrust and mutual suspicion has made any form of constructive engagement impossible. Therefore, anything short of a slavish surrender in a way that reduces the legislature to a mere rubber stamp would not have been sufficient in procuring the kind of rapprochement that was desired in the interest of all. But I have no doubt in my mind, that to surrender this way is to be complicit in the subversion of the institution that remains the very bastion of our democracy. I am a democrat. And I believe that anyone who lays even the most basic claim to being a democrat will not accept peace on those terms; which seeks to compromise the very basis of our existence as the parliament of the people.
“The recent weeks have witnessed a rather unusual attempts to engage with some of these most critical issues at stake. Unfortunately, the discord has been allowed to fester unaddressed for too long, with dire consequences for the ultimate objective of delivering the common good and achieving peace and unity in our country. Any hope of reconciliation at this point was therefore very slim indeed. Most of the horses had bolted from the stable.
“The emergence of a new national party executives a few weeks ago held out some hopes, however slender. The new party chairman has swung into action and did his best alongside some of the Governors of APC and His Excellency, the Vice President. I thank them for all their great efforts to save the day and achieve reconciliation. Even though I thought these efforts were coming late in the day, but seeing the genuine commitment of these gentlemen, I began to think that perhaps it was still possible to reconsider the situation.
“However, as I have realized all along, there are some others in the party leadership hierarchy, who did not think dialogue was the way forward and therefore chose to play the fifth columnists. These individuals went to work and ensured that they scuttled the great efforts and the good intentions of these aforementioned leaders of the party. Perhaps, had these divisive forces not thrown the cogs in the wheel at the last minutes, and in a manner that made it impossible to sustain any trust in the process, the story today would have been different.
“For me, I leave all that behind me. Today, I start as I return to the party where I began my political journey, the Peoples Democratic Party (PDP).
“When we left the PDP to join the then nascent coalition of All Progressives Congress (APC) in 2014, we left in a quest for justice, equity and inclusion; the fundamental principles on which the PDP was originally built but which it had deviated from. We were attracted to the APC by its promise of change. We fought hard along with others and defeated the PDP.
“In retrospect, it is now evident that the PDP has learnt more from its defeat than the APC has learnt from its victory. The PDP that we return to is now a party that has learnt its lessons the hard way and have realized that no member of the party should be taken for granted; a party that has realized that inclusion, justice and equity are basic precondition for peace; a party that has realized that never again can the people of Nigeria be taken for granted.
“I am excited by the new efforts, which seeks to build the reborn PDP on the core principles of promoting democratic values; internal democracy; accountability; inclusion and national competitiveness; genuine commitment to restructuring and devolution of powers; and an abiding belief in zoning of political and elective offices as an inevitable strategy for managing our rich diversity as a people of one great indivisible nation called Nigeria.
“What we have all agreed is that a deep commitment to these ideals were not only a demonstration of our patriotism but also a matter of enlightened self-interest, believing that our very survival as political elites of this country will depend on our ability to earn the trust of our people and in making them believe that, more than anything else, we are committed to serving the people.
“What the experience of the last three years have taught us is that the most important task that we face as a country is how to reunite our people. Never before had so many people in so many parts of our country felt so alienated from their Nigerianness. Therefore, we understand that the greatest task before us is to reunite the county and give everyone a sense of belonging regardless of region or religion.
“Every Nigerian must have an instinctive confidence that he or she will be treated with justice and equity in any part of the country regardless of the language they speak or how they worship God. This is the great task that trumps all. Unless we are able to achieve this, all other claim to progress no matter how defined, would remain unsustainable.
“This is the task that I am committing myself to and I believe that it is in this PDP, that I will have the opportunity to play my part. It is my hope that the APC will respect the choice that I have made as my democratic right, and understand that even though we will now occupy a different political space, we do not necessarily become enemies unto one another,” the Senate President wrote in the statement.
General
Sumsub Unveils New Partner Hub to Overcome Operational Friction
By Modupe Gbadeyanka
A new partner hub designed to help organisations overcome operational friction has been launched by Sumsub, a leading full-cycle verification platform that enables scalable compliance.
This new addition comes as businesses across Africa and other emerging markets continue scaling rapidly, driving greater demand for compliance, verification, and fraud prevention infrastructure as fintech and digital finance ecosystems continue evolving across the continent.
The new portal unites all the required sales, marketing, deal management and compliance education resources.
A statement from the firm said the Sumsub Partner Hub was designed to address the most common challenges in partnerships, namely, scattered resources, slow alignment, and limited partner visibility. It replaces fragmented workflows with a structured, scalable system built for growth.
By centralising resources, enablement, and deal processes, the Hub helps partners operate faster in client engagements and move towards their business goals with greater confidence, transparency and consistency.
“Our collaboration with Sumsub was noticeably enhanced with the launch of the Partner Hub”, confirms Walid Bou Abssi, Country Manager for Nigeria and Ghana at SHELT Global Ltd. “We appreciate having direct access to all the consolidated resources and training materials within the platform, which boosted deal management and operational efficiency of our partnership”.
“Most partnerships don’t fail because of strategy. They fail because of unnecessary friction”, says Tom Schoon, Head of Strategic Partnerships for Africa at Sumsub. “That’s why we built the Sumsub Partner Hub: to help our allies across tech, compliance, financial services and other sectors move quickly across the partnership lifecycle, from onboarding and certification to deal activation and co-marketing. Ultimately, our shared goal is to capture new opportunities faster and reinforce each other’s business growth strategies from day one”.
General
EFCC Probes Undeclared $461,600 at Kano Airport
By Modupe Gbadeyanka
Two suspects are currently being investigated for not declaring $461,600 in their possession to the Nigeria Customs Service (NCS) at the Mallam Aminu Kano International Airport.
Two male passengers, identified as Mr Jamilu Shuaibu Waya and Mr Usman Namadi, were arrested on Friday, May 8, 2026, at the airport with an undeclared sum of money. They arrived in the country from Dubai via Ethiopian Airlines ET941.
While they initially declared $130,000 and $180,000, respectively, at the currency declaration desk, a subsequent physical examination by customs officials revealed an additional undeclared $120,000 on the first suspect (bringing his total to $250,000) and an additional $31,600 on the second suspect (bringing his total to $211,600). The undeclared amounts contravene Sections 3 and 4 of the Money Laundering (Prevention and Prohibition) Act 2022.
In a statement on Monday, the Economic and Financial Crimes Commission (EFCC) said its Kano Zonal Directorate was looking into the matter after the suspects were handed over to the agency by the acting Customs Area Controller for Kano/Jigawa Area Command, Deputy Comptroller UU Adamu.
The Zonal Director of the EFCC, ACE1 Friday S. Ebelo, assured customs of his organisation’s commitment to a full-scale investigation.
“The EFCC will conduct a thorough and uncompromising investigation into this matter. We will prosecute the case with the utmost diligence to ensure that violators of our anti-money laundering laws face the full weight of justice,” he said.
He further expressed deep appreciation to the NCS for the long-standing and consistent cooperation of the service with the EFCC over the years, noting that such inter-agency collaboration remains critical in combating the illegal movement of cash and financial crimes.
Earlier in his remarks, Mr Adamu expressed his deep appreciation to the EFCC for its unwavering support to customs.
“Let me express appreciation for the continuous collaboration with the EFCC Kano Zonal Directorate for their support in realising our goal while combating the illegal movement of cash,” he said.
General
DAPPMAN Faults Dangote’s Suit to Halt Fuel Imports
By Adedapo Adesanya
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has kicked against a lawsuit filed by the Dangote Petroleum Refinery to invalidate fuel import licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Last week, the refinery asked the Federal High Court in Lagos to void import permits granted by the NMDPRA to fuel importers.
The marketers said it would not fold its arms and allow its depots to go into extinction through a court ruling, arguing that the licences being challenged were not mere administrative favours but legal instruments issued under the PIA to guarantee the country’s fuel supply security.
The development followed the recently issued import license by the NMDPRA to six Nigerian oil marketers to bring in over 600,000 metric tonnes of petrol into the country.
Since the 650,000 barrels-per-day refinery began supplying petroleum products to the local market, Dangote has repeatedly argued that continued issuance of fuel import licences to marketers undermines domestic refining, weakens investment incentives, and encourages dependence on imported products despite existing local capacity.
The refinery already handles 90 per cent of the domestic supply.
In the statement, the marketers maintained that the NMDPRA acted within its statutory powers in approving the licences, stressing that the regulator’s responsibility was to ensure uninterrupted product availability for Nigerian consumers and not to protect the commercial interests of any single refinery, regardless of its size.
The association stated that its members had invested billions of naira in petroleum depots, logistics systems, and compliance infrastructure based on the understanding that the licences granted to them were lawful, valid, and protected under the law.
According to the marketers, any attempt to retroactively void those approvals would create uncertainty across the downstream petroleum sector at a time when stability in fuel supply remains critical.
“The news that Dangote Petroleum Refinery has filed a fresh lawsuit seeking to set aside fuel import licences issued by the NMDPRA to marketers and the NNPC demands a clear response from this association.
“The import licences at the centre of this lawsuit are not administrative courtesies. They are the legal instruments through which Nigeria’s fuel supply chain functions. They were issued under a regulatory framework established by the Petroleum Industry Act, by an authority empowered to make exactly this kind of determination. The NMDPRA has consistently maintained, correctly, that these licences exist to protect supply security, not to disadvantage any single producer, however large.
“DAPPMAN’s member companies have invested billions of naira in depot infrastructure, logistics networks, and compliance systems on the basis that their operating licences are valid, lawful, and durable. A legal action designed to retroactively void those licences does not just affect individual businesses, it introduces uncertainty into the entire downstream supply chain at a moment when Nigeria can least afford it,” the association maintained.
It added that the NMDPRA had consistently defended the issuance of import permits as necessary tools for safeguarding national supply, insisting that the position had previously been upheld in court and should continue to stand.
DAPPMAN rejected what it described as the underlying argument that a private refinery’s commercial interests should supersede the statutory mandate of the regulator.
It further warned against any attempt to turn Nigeria’s downstream petroleum industry into a monopoly, arguing that the market had evolved over many years into a multi-player system serving millions of Nigerians daily.
The association disclosed that it would engage legal counsel, work with affected member companies, and make formal representations to the relevant authorities over the matter.
“We respect Dangote Petroleum Refinery’s right to pursue legal remedies. What we do not accept is the premise that a private refinery’s commercial interests should override a regulatory authority’s mandate to ensure adequate supply to Nigerian consumers.
“The PIA is clear: import licences may be issued where the regulator determines it necessary. That determination has been made. It has been defended in court before. It should be defended again.
“Nigeria’s fuel market is not a monopoly waiting to happen. It is a competitive, multi-participant market that has taken years to build and that serves millions of Nigerians every day. DAPPMAN will be engaging legal counsel, coordinating with affected member companies, and making formal representations to the relevant authorities on this matter,” the statement added.
The group argued that the strength of Nigeria’s downstream sector lies in the participation of multiple operators, warning that efforts aimed at shrinking the number of market participants would ultimately hurt consumers through reduced competition and supply vulnerabilities.
According to DAPPMAN, “A lawsuit that seeks to reduce that field of players is ultimately a lawsuit against Nigerian consumers,” adding, “Our members did not build this industry to watch it be argued out of existence in a courtroom,” emphasising its commitment to continually serve Nigerians.
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