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Obasanjo Slams Buhari Again …Says Another Abacha Era Is Here …Buhari Deceiving Nigerians, Empowering Boko Haram …INEC Lacks Integrity To Conduct 2019 Polls

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Former President Olusegun Obasanjo yesterday attacked President Muhammadu Buhari, accusing him of plotting to rig the general elections.
President Buhari is seeking re-election on the platform of his party, APC. The presidential and National Assembly elections will hold on February 16.
In an open letter titled “Point for Concern and Action” which he distributed to journalists at a press conference held at his house at the Olusegun Obasanjo Presidential Library, Abeokuta, Chief Obasanjo also alleged that the president was acting like a former military dictator, Sani Abacha.
“Buhari has succeeded in deceiving us the first time and we will be fools to allow ourselves to be deceived the second time,” Chief Obasanjo wrote.
“Buba Galadima, who knows Buhari very well as a confidant and National Secretary of Congress for Progressive Change,CPC, the Buhari’s party before it joined in forming All Progressives Congress, APC has warned us this time around that no matter what he promises, he cannot change his character and attitude.”
Chief Obasanjo was one of the millions of Nigerians who supported Buhari in the 2015 presidential election. He has since withdrawn his support for the president, accusing him of incompetence and nepotism.
In his letter, the former president said Mr Galadima “describes him (Mr Buhari) as inflexible, insincere, dubious, intolerant, never accepts responsibility when things go wrong and impervious to reason and advice for change. If you cannot change your mind, you cannot change anything is the assertion of George Bernard Shaw.”
Obasanjo then claimed that what is happening in Nigeria under President Buhari can be likened to what Nigerians witnessed under a late military dictator, Sani Abacha.
Mr Abacha, who ruled Nigeria between 1993 and 1998, died in office while trying to perpetuate himself in office.
“He went for broke and surrounded himself with hatchet men who on his order and in his interest and at high costs to Nigeria and Nigerians, maimed, tortured and killed for Abacha. Buhari has started on the same note on the same path in mad desperation,” Obasanjo claimed.
He then alleged that the president and his party are recruiting collation officers who are already awarding election results.
“It is the sole reason he has blatantly refused to sign the revised electoral bill into law. His henchmen are working round the clock in cahoots with security and election officials to perfect their plan by computing results right from the ward to local government, state and national levels to allot him what will look like a landslide victory irrespective of the true situation for a candidate who might have carried out by proxy presidential debate and campaigns.”
He said the current plan is to drape the pre-determined results with a toga of credibility and also use violence of unimaginable proportion which will be unleashed in high voting population areas across the country to precipitate re-run elections.
“We are monitoring them and we call on all democrats across the world to keep an eye on the unfolding anti-democratic agenda of President Muhammed Buhari. This is the time for preventive measures to be taken otherwise Nigeria may be presented with a fait accompli with impunity and total disregard of all pleas.”
Obasanjo’s letter comes despite repeated promises by President Buhari to ensure free and fair elections.
Also, the former Nigerian President, Olusegun Obasanjo, said yesterday that the Boko Haram insurgents have become stronger than ever.
Chief Obasanjo, a retired military general, made this known in a lengthy statement he issued on Sunday.
In the statement, Obasanjo accused President Muhammadu Buhari of not only failing in all aspects of governance but also plotting to rig the coming election.
The former president said Mr Buhari’s alleged desperation to remain in power despite his mental and physical incapacitation, reminds him of the era of a former military dictator, Sani Abacha.
Calling on Nigerians to resist any plot to rig the election, the former president said the electorates should make good use of their permanent voters card to vote out the incumbent administration that has also failed to manage the country’s security problem.
According to Mr Obasanjo “the security situation has deteriorated with kidnapping everywhere and Boko Haram more in action and nobody should deceive Nigerians about this.”
Chief Obasanjo said if Nigerians fail to take a definitive step by voting Mr Buhari out of power in next month’s general election, Boko Haram and its Islamic State’s West Africa Province (ISWAP) may soon take over the entire West African region and make life unsafe for all.
“With the teaming up of Boko Haram and Islamic State’s West Africa Province (ISWAP), Boko Haram is stronger today militarily than they have ever been,” said the former President.
“Boko Haram has also been empowered by the Nigerian government through payment of ransom of millions of dollars which each administration disingenuously always denies.
“With ISIS being liquidated in Iraq and Syria, Africa is now their port of concentration. Soon, they may take over Libya which, with substantial resources, is almost a totally failed state. When that happens, all African countries North of Congo River will be unsafe with serious security problems.
“The struggle must be for all West African, Central African, North African and most East African States. Nigeria has to play a vanguard role in this struggle as we have much to lose.
“This administration has reached the end of its wit even in handling all security issues, but particularly Boko Haram issue, partly due to misuse of security apparatus and poor equipment, deployment, coordination and cooperation.
“Finally, those Nigerians that are being intimidated or threatened by this Administration must trust in God and stand firm. Tough times do not last forever, but tough people invariably survive tough times. This is a tough time for almost all Nigerians in different respects, but the people’s will shall triumph.
President Muhammadu Buhari who was brought to power through a popular vote promised to end the Boko Haram insurgency in six months. Though the administration has been able to reclaim some local government areas that were under the control of the insurgents, the group is still able to carry out attacks on military formations and civilians in the three North-eastern states of Adamawa, Borno and Yobe.
According to his statement, with less than 26 days to the general elections, Nigeria’s former President, Chief Olusegun Obasanjo, yesterday, expressed doubt about the credibility and competence of the Independent National Electoral Commission (INEC), to conduct fair, free and credible elections.

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INEC To Unveil New Party Registration Portal As Applications Hit 129

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The Independent National Electoral Commission (INEC) has announced that it has now received a total of 129 applications from associations seeking registration as political parties.

The update was provided during the commission’s regular weekly meeting held in Abuja, yesterday.

According to a statement signed by the National Commissioner and Chairman of the Information and Voter Education Committee, Sam Olumekun, seven new applications were submitted within the past week, adding to the previous number.

“At its regular weekly meeting held today, Thursday 10th July 2025, the commission received a further update on additional requests from associations seeking registration as political parties.

“Since last week, seven more applications have been received, bringing the total number so far to 129. All the requests are being processed,” the commission stated.

The commission revealed the introduction of a new digital platform for political party registration. The platform is part of the Party Financial Reporting and Auditing System and aims to streamline the registration process.

Olumekun disclosed that final testing of the portal would be completed within the next week.

“INEC also plans to release comprehensive guidelines to help associations file their applications using the new system.

“Unlike the manual method used in previous registration, the Commission is introducing a political party registration portal, which is a module in our Party Financial Reporting and Auditing System.

“This will make the process faster and seamless. In the next week, the commission will conclude the final testing of the portal before deployment.

“Thereafter, the next step for associations that meet the requirements to proceed to the application stage will be announced. The commission will also issue guidelines to facilitate the filing of applications using the PFRAS,” the statement added.

In the meantime, the list of new associations that have submitted applications has been made available to the public on INEC’s website and other official platforms.

 

 

 

 

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Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business 

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President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.

The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.

The ceremony took place at the Presidential Villa, yesterday.

The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.

The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.

“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.

Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.

Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”

Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”

He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.

“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.

According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”

He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.

The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.

However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.

At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.

They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.

After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.

By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.

In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.

“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.

“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.

He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.

The President added, “We are not just signing tax bills but rewriting the social contract.

“We are not there yet, but we are firmly on the road.”

 

 

 

 

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Senate Issues 10-Day Ultimatum As NNPCL Dodges ?210trn Audit Hearing 

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The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.

Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.

However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.

Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.

A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.

It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.

The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.

“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.

“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”

But lawmakers rejected the request.

The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.

“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.

“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.

Other lawmakers echoed similar frustrations.

Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.

The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.

Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.

Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”

Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.

The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.

Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.

The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.

 

 

 

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