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Crisis In Presidency: Fresh Plots To Oust Osinbajo Uncovered
A political group, the Initiative to Save Democracy, ISD, has said that there are fresh plots aimed at tarnishing the person of Vice President Yemi Osinbajo by some political actors from within the Presidency referred to as the cabal.
ISD claimed that there is a calculated attempt by the cabal in collusion with some South West leaders to peddle outright falsehood, fake news and lies against the Vice President.
In a press statement issued on Saturday and signed by the Peter Oladele, Secretary of ISD, and made available to our correspondent, the group said it has reliable information that the cabal will stop at nothing to distract the Vice President from doing his work.
The group said they were working tirelessly to malign the Vice President’s reputation and integrity after they could not find any wrongdoing evidence against him.
The group added, “The first thing they attempted to do was to destroy the relationship between the President and Vice President but that has not worked despite deploying different strategies from inside and outside.
“Then they tried to malign the Vice President’s reputation by throwing up all sorts of trump charges against him but with no evidence of wrongdoing that soon crumbled.
“They even referred to the N5.8 billion NEMA Emergency Intervention, the N90 billion FIRS Campaign Fund and other fake news but all those failed too because they were fake news from the beginning. They even went after those who have backed the Vice President,” the statement said.
ISD then explained that the cabal is cooking more fake news and lies against the VP and this time its in conjunction with South West leaders.
“In the coming days and week, there will be fake news and lies about the Vice President in the media and social media space yet again, most of it fabricated by the cabal and some people who claim to be South West leaders led by a former governor of Lagos who is afraid of VP’S rising profile.
“Their plan is to oust him in time before 2023 elections which is still very far away.
“The plan of the cabal is to ensure that they distract the Vice President every week with some fake news. What this will ultimately mean is that instead of him to focus on the work he is doing for Nigeria, he will be concerned about the fake news and lies.
The group said that the cabal is very angry at the President for showing off the cordial relationship he enjoys with the Vice President during the Independence Day celebration on 1 October.
According to the group, “Their renewed anger at the Vice President stemmed from the showing he enjoyed with his boss during the Independence Day celebration. The cabal said the two of them appeared to still enjoy a very healthy relationship as they were seen talking and laughing at something the President had said at different times.
“They will stop at nothing to make Prof. Osinbajo look bad in the eyes of President Muhammadu Buhari, his boss. They also don’t like the fact that he has restated his loyalty to serve Nigeria and serve his boss, these are some of the things getting them angry.”
The group said it is too early for the cabal to be scheming about 2023 when we are in 2019 with a lot of work to be done by the present administration. “I think they should leave politics for now and allow the President and Vice President concentrate on the work at hand.
It added, “They were elected to deliver the dividends of democracy to Nigerians and they should be allowed to deliver their mandate instead of pushing politics into their faces. We urge Nigerians not to distract themselves with negative politics.”
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
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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Fubara Redeploys Green As Commissioner For Justice
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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