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N1.032trn Etisalat, Keystone Bank Buying: PDP Dares Buhari To Answer Atiku …Threatens To Expose President’s Corruption Details …Insists Buhari Has No Integrity

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Following the allegation made by its presidential candidate, Atiku Abubakar that family members of President Muhammadu Buhari acquired Etisalat Nigeria and Keystone Bank Plc at the tune of N1.032 trillion, Peoples Democratic Party (PDP) Presidential Campaign Organisation (PPCO) yesterday challenged the President to answer its presidential candidate.
The campaign organisation further stated that against the backdrop of this allegation, the President lacks integrity to seek re-election.
Fielding questions, while addressing newsmen at a press conference in Abuja, the Director, Media and Publicity of PPCO, Kola Ologbondiyan, who refused to give more details, added that if President Buhari refused to answer to the allegation, it means he has agreed with the revelation.
He further said that if the President answer to the allegation, the campaign organisation will give more detail, adding that his silence will means consent.
Addressing newsmen, Ologbondiyan declared that President Buhari no longer has the moral standing to seek re-election until he directly answers its Presidential candidate, Atiku, on the revelation that the President has soiled his hands in the alleged corrupt acquisition of Etisalat Nigeria and Keystone Bank Plc.
He said that President Buhari should perish the thought of going ahead with his re-election campaign without clearing this pertinent issue, because it directly bothers on his integrity both as a person and the exulted office of the President of the Federal Republic of Nigeria.
The campaign media director challenged the President to explain how “his family members came about the sum of N1.032 trillion for this scandalous acquisition.
“Nigerians are not interested in mere rhetoric or attempts by the Buhari Presidency to divert public attention from the issue at hand, but demand that President Buhari, who hitherto prides himself as Mr. Integrity, squarely addresses these grave issues in person.
“This is not an issue for President Buhari’s aides to howl about in the media, it touches directly on his person, particularly his perception as a symbol of the Talakawas. He must therefore address them on this issue.
“It is a norm that he who comes to equity must come with clean hands. President Buhari and his family members have entangled themselves in corruption. Mr. President’s hands can no longer be said to be clean, until he proves otherwise.
“The PPCO wants Nigerians and the whole world to note that President Buhari’s refusal to personally address this matter means consent.
“We, therefore, dare President Buhari to put forth a denial on this disclosure by our candidate and we will spare no thoughts in furnishing the public with details of his corrupt activities within and outside Nigeria.
“Our party has full details of how persons related to President Buhari, by consanguinity and affinity, have been paved the way to loot trillions of naira from government agencies for corrupt acquisition of shares in major companies, purchase expensive property within and outside Nigeria, as well as to finance their very luxury lifestyles, under Mr. President’s cover.
“In fact, no Nigerian has made more money in the last three and half years than relations of President Buhari, many of whom have found themselves controlling stupendous wealth frittered from our economy, yet our President is asking Nigerians to get ready for more hardship in the coming year.
“Our party is privy to the facts of how these relations of the President have been hounding government agencies, major business concerns and intending foreign investors over kickbacks as well as strangulating companies that refuse to accede to their demands.
“Nigerians will also recall how the Buhari Presidency muted the case of the Aide of the First Lady, Mr. Baba-Inna, who was arrested in September this year, over accusations of receiving N2.5 billion from politicians, businessmen and women on behalf of the First Lady.
“Nigerians can also recall how the Buhari Presidency gagged the confession of one Amina Mohammed, paraded by the Department of State Services (DSS), who stated in public that persons close to President Muhammadu Buhari were involved in serial fraud and looting of public resources under the official cover of the Buhari Presidency.”
Making reference to what Governor of Kaduna State, Mallam Nasir El-Rufai said about the President in 2010, Ologbondiyan said, “In fact, there is incontrovertible evidence, as provided by the Governor of Kaduna state, Mallam Nasir El-Rufai that President Buhari is not as clean as his handlers want Nigerians to believe.
“In October 4, 2010, El-Rufai accused Buhari of corruption in allowing 53 suitcases belonging to his ADC’s father to enter Nigeria unchecked at a time the country was exchanging old currency for new in 1984.
“President Buhari should therefore not continue to dress himself in borrowed garb of integrity until he cleans himself of the stinking corruption of his acolytes, family and friends under his cover.”

 

Nneka Amaechi-Nnadi, Abuja

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Fubara Dissolves Rivers Executive Council

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Rivers State Governor, Sir Siminialayi Fubara, has dissolved the State Executive Council.

The governor announced the cabinet dissolution yesterday in a statement titled ‘Government Special Announcement’, signed by his new Chief Press Secretary, Onwuka Nzeshi.

Governor Fubara directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.

He thanked the outgoing members of the State Executive Council for their service and wished them the best in their future endeavours.

The three-paragraph special announcement read, “His Excellency, Sir Siminalayi Fubara, GSSRS, Governor of Rivers State, has dissolved the State Executive Council.

“His Excellency, the Governor, has therefore directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or  the most Senior officers in their Ministries with immediate effect.

“His Excellency further expresses his deepest appreciation to the outgoing members of the Executive Council wishing them the best in their future endeavours.”

 

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INEC Proposes N873.78bn For 2027 Elections, N171bn For 2026 Operations

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The Independent National Electoral Commission (INEC) yesterday told the National Assembly that it requires N873.78bn to conduct the 2027 general elections, even as it seeks N171bn to fund its operations in the 2026 fiscal year.

INEC Chairman, Prof Joash Amupitan, made the disclosure while presenting the commission’s 2026 budget proposal and the projected cost for the 2027 general elections before the National Assembly Joint Committee on Electoral Matters in Abuja.

According to Amupitan, the N873.78bn election budget covers the full conduct of national polls in 2027.

An additional N171bn is needed to support INEC’s routine activities in 2026, including bye-elections and off-season elections, the commission stated.

The INEC boss said the proposed election budget does not include a fresh request from the National Youth Service Corps seeking increased allowances for corps members engaged as ad-hoc staff during elections.

He explained that, although the details of specific line items were not exhaustively presented, the almost N1tn election budget is structured across five major components.

“N379.75bn is for operational costs, N92.32bn for administrative costs, N209.21bn for technological costs, N154.91bn for election capital costs and N42.61bn for miscellaneous expenses,” Amupitan said.

The INEC chief noted that the budget was prepared “in line with Section 3(3) of the Electoral Act 2022, which mandates the Commission to prepare its election budget at least one year before the general election.”

On the 2026 fiscal year, Amupitan disclosed that the Ministry of Finance provided an envelope of N140bn, stressing, however, that “INEC is proposing a total expenditure of N171bn.”

The breakdown includes N109bn for personnel costs, N18.7bn for overheads, N42.63bn for election-related activities and N1.4bn for capital expenditure.

He argued that the envelope budgeting system is not suitable for the Commission’s operations, noting that INEC’s activities often require urgent and flexible funding.

Amupitan also identified the lack of a dedicated communications network as a major operational challenge, adding that if the commission develops its own network infrastructure, Nigerians would be in a better position to hold it accountable for any technical glitches.

Speaking at the session, Senator Adams Oshiomhole (APC, Edo North) said external agencies should not dictate the budgeting framework for INEC, given the unique and sensitive nature of its mandate.

He advocated that the envelope budgeting model should be set aside.

He urged the National Assembly to work with INEC’s financial proposal to avoid future instances of possible underfunding.

In the same vein, a member of the House of Representatives from Edo State, Billy Osawaru, called for INEC’s budget to be placed on first-line charge as provided in the Constitution, with funds released in full and on time to enable the Commission to plan early enough for the 2027 general election.

The Joint Committee approved a motion recommending the one-time release of the Commission’s annual budget.

The committee also said it would consider the NYSC’s request for about N32bn to increase allowances for corps members to N125,000 each when engaged for election duties.

The Chairman of the Senate Committee on INEC, Senator Simon Along, assured that the National Assembly would work closely with the Commission to ensure it receives the necessary support for the successful conduct of the 2027 general elections.

Similarly, the Chairman of the House Committee on Electoral Matters, Bayo Balogun, also pledged legislative support, warning INEC to be careful about promises it might be unable to keep.

He recalled that during the 2023 general election, INEC made strong assurances about uploading results to the INEC Result Viewing portal, creating the impression that results could be monitored in real time.

“iREV was not even in the Electoral Act; it was only in INEC regulations. So, be careful how you make promises,” Balogun warned.

The N873.78bn proposed by INEC for next year’s general election is a significant increase from the N313.4bn released to the Commission by the Federal Government for the conduct of the 2023 general election.

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Tinubu Mourns Literary Icon, Biodun Jeyifo

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President Bola Tinubu yesterday expressed grief over the death of a former President of the Academic Staff Union of Universities and one of Africa’s foremost literary scholars, Professor Emeritus Biodun Jeyifo.

Jeyifo passed away on Wednesday, drawing tributes from across Nigeria and the global academic community.

In a condolence message to the family, friends, and associates of the late scholar, Tinubu in a statement by his spokesperson, Bayo Onanuga,  described Jeyifo as a towering intellectual whose contributions to African literature, postcolonial studies, and cultural theory left an enduring legacy.

He noted that the late professor would be sorely missed for his incisive criticism and masterful interpretations of the works of Nobel laureate, Professor Wole Soyinka.

The President also recalled Jeyifo’s leadership of ASUU, praising the temperance, foresight, and wisdom he brought to the union over the years.

Tinubu said Jeyifo played a key role in shaping negotiation frameworks with the government aimed at improving working conditions for university staff and enhancing the learning environment in Nigerian universities.

According to the President, Professor Jeyifo’s longstanding advocacy for academic freedom and social justice will continue to inspire generations.

He added that the late scholar’s influence extended beyond academia into political and cultural journalism, where he served as a mentor to numerous scholars, writers, and activists.

Tinubu condoled with ASUU, the Nigerian Academy of Letters, the Wole Soyinka Centre for Investigative Journalism, the University of Ibadan, Obafemi Awolowo University, Oberlin University, Cornell University, and Harvard University—institutions where Jeyifo studied, taught, or made significant scholarly contributions.

“Nigeria and the global academic community have lost a towering figure and outstanding global citizen,” the President said.

“Professor Biodun Jeyifo was an intellectual giant who dedicated his entire life to knowledge production and the promotion of human dignity. I share a strong personal relationship with him. His contributions to literary and cultural advancement and to society at large will be missed.”

Jeyifo was widely regarded as one of Africa’s most influential literary critics and public intellectuals. Among several honours, he received the prestigious W.E.B. Du Bois Medal in 2019.

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