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N16bn Release To Osun, Corruption, PDP Tells Buhari …Challenges APC’s Spokesman To Debate
The Peoples Democratic Party (PDP) has accused President Muhammadu Buhari of aiding corruption in the secret release of over N16.6billion Paris Club fund to Osun State.
A statement signed by the National Publicity Secretary, Kola Ologbondiyan, at the weekend, said that the “PDP investigation has revealed that the N16.67billion is to be diverted as bribe to INEC officials, compromised international observers as well as pay hoodlums contracted by the All Progressives Congress (APC) in its desperate plot to rig the September 22, 2018, Osun State governorship elections.”
The party said it was reprehensible that President Buhari, whose handlers have been parading as ‘Mr. Integrity’, could approve such dark scheme to convert funds meant for payment of several months’ arrears of workers’ salaries to bribe electoral officers and pay thugs to foist a rejected leadership on an already impoverished people.
“Further investigation reveals that bulk of the money has already been pencilled for sharing to APC leaders, especially at the national level, as bribe, to short-circuit the system to favour President Buhari’s re-election bid, while the people of Osun continue to suffer deprivation,” the statement noted.
According to the statement, “The PDP has been further made aware of how part of the fund will be moved to private company accounts as well as various hidden locations for the compromised INEC officials and APC leaders.
“Indeed, these revelations have clearly shown that the Buhari Presidency and the APC care less about the welfare of Nigerians and have completely sold themselves to sleazes and corruption for selfish gains.
“The PDP, therefore, charges the people of Osun State, particularly the workers to rise up and reject this direct assault on their rights, sensibilities and survival as a people, by the APC, which have become notorious for corruption and subversion of rules.
“Moreover, the PDP has been at alert regarding the movement of these funds and other secret deals between the APC and INEC and will not hesitate to expose the INEC officials, including a close relation of the President, who has been the arrow head of plots to rig elections for the APC.
“The PDP invites the world to note how President Buhari and the APC, who were huge beneficiaries of credible elections conducted by the PDP in 2015, are bent at destroying our hard-earned democracy, just because they have been rejected by Nigerians.
“Nevertheless, in spite of these machinations, the PDP wants the APC to know that it has not retracted the resolve to contend with it head to head, in all ramifications and magnitude, to discomfit and dismantle its rigging machinery, beginning with September 22, 2018, Osun State governorship election.
“The PDP commends state governors, particularly a few in the APC, who have spoken out against this sneaky act by the Buhari Presidency.
“Our party will continue to work with these patriotic individuals in the overall quest to free our nation from the shackles and misrule of the Buhari-led APC,” Ologbondiyan added.
Meanwhile, The Peoples Democratic Party (PDP) has called on the National Publicity Secretary of the ruling All Progressives Congress (APC), Yekini Nabena, to stop being a masquerade and accept the challenge to debate with one of the Senate President’s aides on live television.
According to the party, Nabena depicted as a depreciation of the standards that should be associated with the spokesman of a ruling party.
A statement by the PDP spokesman in Kwara State, Tunde Ashaolu, which was made available to newsmen, said Nabena had continued to embarrass the ruling party because he lacked the necessary educational or political qualifications to hold such a position.
The statement reads: “People, who know Nabena, are aware that he does not have the necessary pedigree, experience or qualifications to hold such a crucial position. What are his professional and political antecedents? Who knew him before he became the acting publicity secretary?
“This man continues to embarrass the APC and himself through his juvenile press statements and tweets. I mean, for those of us who have been at this level, even at the state level, we know that it takes a certain degree of level and clear headedness to perform effectively as a party spokesman.
“Saraki’s aides have challenged him. He should stop being a masquerade and come out of hiding. Let him accept the challenge and tell the Nigerian people how he and his party have failed all Nigerians. He cannot continue to hide behind press statements, which are authored from Lagos for him. He should come out and give a face and verbal expressions to these statements in public.
“When compared with people who have held this position as spokespersons of political parties in Nigeria like Chief Bola Ige, who was publicity secretary of Action Group in the First Republic, Chief M.C.K. Ajuluchukwu, who served in that capacity for the UPN in the Second Republic, Prof. David Iornem and Dr. Doyin Okupe, who played the roles in the SDP and NRC in the aborted Third Republic, Mallam Bolaji Abdullahi, who is the immediate past publicity secretary of APC and his opposite in the PDP, Mr. Kola Ologbondiyan, to mention a few, where will this Nabena fit in? He is definitely a misfit.
“That position is meant for achievers who have done well in their respective professions, not for an upstart like Yekinni Nabena. However, with the low level that the APC has descended to, we are not surprised that such an incompetent man with no known professional background, who claims to author indecent press statements, dripping with falsehood, is the spokesperson of the ruling party in Nigeria.
“Nabena is an example of why candidates should always have deputies that are qualified, capable and good enough to replace them. When APC fielded this misfit as deputy publicity secretary to assist Mallam Bolaji Abdullahi, a Chevening scholar and former minister, they did not envisage that a situation may arise where Nabena will become substantive spokesperson. Look at the pitiable face of the APC public communication now. This Nabena is definitely a poster boy of his drowning party. What a shame!,” Ashaolu stated.
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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