Politics
Senate In Rowdy Session Over Naira Redesign Policy

The Senate witnessed arowdy session on Wednesday as senators deliberated a motion on the Naira Redesign Policy of the Central Bank of Nigeria (CBN), moved by the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani.
Sani, in the prayers to his motion, urged the Senate to provide legislative support for the policy.
He also requested the Senate to mandate his committee to embark on aggressive oversight on the matter.
He urged the Senate to support the CBN redesign policy, including the January 31 deadline for compliance.
Matters, however, became controversial when Senators Ali Ndume, Abiodun Olujimi, Betty Apiafi, Barau Jibrin, Chukwuka Utazi, and Orji Kalu, supported the CBN policy but suggested the extension of the deadline for compliance.
Kalu specifically wanted the Senate to invite the Governor of the CBN, Godwin Emefiele, to throw more light on the policy, praying that he should be persuaded to extend the deadline to April 30, 2023.
But Senator Gabriel Suswam disagreed with Kalu and others, claiming that the CBN governor had always shunned the Senate invitations.
He urged his colleagues to ignore the CBN policy and let the country damn the consequences.
In his submission, Senator Bassey Akpan, stressed the need to support the CBN governor. He said there should be no discussion on the matter.
Suswam and Akpan’s submissions did not go down well with those seeking the extension to the deadline, which led to a rowdy session at plenary.
It took the persistent appeals by the presiding officer, Senator Ovie Omo-Agege, to bring calm to the floor after 10 minutes of intense arguments among the senators.
Senator Ndume had earlier said there were only five banks in the entire 27 local government areas of Borno State since the insurgency started in the state.
Senator Olujimi also said one and a half months was too short to withdraw all the money in circulation to avoid shutting down the economy.
She said the Senate should invite the CBN governor for further explanation on the issue.
Senator Apiafi said rural banking had been shut down, hence the January deadline should be extended.
She said counterfeiting was not enough reason to change the naira notes.
She added that the implications of the redesign should be criticality examined in view of the fact that bandits had said they would be collecting ransom in foreign currencies if the naira notes were redesigned.
Senator Barau Jibrin said naira redesign could not halt terrorism but could only reduce it.
Senator Chukwuka Utazi said, because of the rural nature of the country, the leadership of the Senate should interface with the CBN governor to explain the implications on the peculiarity of the country, adding that the CBN should visit all the rural communities to get first-hand information.
Senator Orji Kalu suggested the extension of the deadline from January 31 to April 30, adding that the Committee on Banking and Finance should meet with the CBN governor on the matter.
Deputy President of the Senate said it was the prerogative of the CBN to redesign the naira and put deadline for compliance.
The Senate, after the rowdy session, offered to provide legislative support for the policy.
It also mandated the Senate Committee on Banking and Financial Institutions to go on oversight to ensure that Nigerians were adequately protected from the CBN, banks and other agencies involved in the process.
Politics
Makinde Renames Polytechnic After Late Ex-Gov

Oyo State Governor, ‘Seyi Makinde, has renamed The Polytechnic, Ibadan as Omololu Olunloyo Polytechnic, Ibadan, in honour of a late former governor of the State, Dr Omololu Olunloyo.
Dr Olunloyo, who died on April 6, 2025, was the pioneer Principal of the Polytechnic, Ibadan, while he also served as Governor of Oyo State between October 1 and December 31, 1983.
Governor Makinde made the announcement at the state interdenominational funeral service held yesterday in honour of the late former governor at the Obafemi Awolowo Stadium, Liberty Road, Ibadan.
Governor Makinde said Dr Olunloyo lived an eventful life, adding that his attainment and personality could not be summarised in one sentence.
“He was not a man we could summarise in one sentence. He was a scholar, a statesman, a technocrat, a lover of culture and, above all, a man of deep conviction.
“While giving the exhortation, I was listening to Baba Archbishop Ayo Ladigbolu and he said in 1983, Baba became Governor of Oyo State. Though his time in office was brief, his election victory over a popular incumbent remains a powerful testament to the trust people gave him.
“I talked about preserving and digitising his library yesterday [Wednesday] as a mark of honour to Baba Olunloyo.
“Today, we will be giving Baba another honour to immortalise him. He was the first Principal of The Polytechnic, Ibadan; that institution will now be named Omololu Olunloyo Polytechnic, Ibadan.”
Earlier in his sermon, a retired Methodist Archbishop of Ilesa and Ibadan, Ayo Ladigbolu, described the late Olunloyo as a role model with intellectual inspiration and unassailable integrity.
The cleric said the deceased also demonstrated leadership in most superior quality during his lifetime.
In attendance were the state Deputy Governor, Chief Abdulraheem Bayo Lawal; wife of a former Military Governor of the old Oyo State, Chief (Mrs) Dupe Jemibewon; wife of a former Governor of Oyo State, Chief (Mrs) Mutiat Ladoja; former Deputy Governor and PDP Deputy National Chairman (South), Ambassador Taofeek Arapaja; and former Deputy Governor, Hazeem Gbolarumi.
Others were the member representing Ibadan North-East/South-East Federal Constituency, Hon Abass Adigun Agboworin; Chief of Staff to the Governor, Otunba Segun Ogunwuyi; Oyo State Exco members; Chairman of Oyo State Elders’ Council, Dr Saka Balogun; Chairman of All Local Government Chairmen in Oyo State, Hon Sikiru Sanda; President-General of the Central Council of Ibadan Indigenes (CCII), Chief Adeniyi Ajewole; religious leaders and family members, among other dignitaries.
Politics
10 NWC Members Oppose Damagum Over National Secretary’s Reinstatement
Ten members of the Peoples Democratic Party (PDP) National Working Committee (NWC) have countered the Acting National Chairman, Umar Damagum, on the reinstatement of Senator Samuel Anyanwu as National Secretary.
The dissenting members, led by the Deputy National Chairman ( South), Taofeek Arapaja, in a joint statement, said no organ of the opposition party could overturn the decision of the 99th meeting of the National Executive Committee (NEC).
The dissenting NWC members include Arapaja; Setonji Koshoedo, Deputy National Secretary; Okechukwu Obiechina-Daniel, National Auditor; Debo Ologunagba, National Publicity Secretary; Ologunagba; Woyengikuro Daniel, National Financial Secretary and Ahmed Yayari Mohammed, National Treasurer.
Others are Chief Ali Odefa, National Vice Chairman (South East); Emmanuel Ogidi, Caretaker Committee Chairman (South South); Mrs. Amina Darasimi D. Bryhm, National Woman Leader and Ajisafe Kamoru Toyese, National Vice Chairman (South West).
The group also insisted that contrary to the position of the acting National Chairman, the 100th NEC meeting of the party would be held on June 30 as earlier scheduled.
The statement read: “The attention of the National Working Committee (NWC) of the Peoples Democratic Party (PDP) has been drawn to a press briefing by the acting National Chairman, Amb. Umar Damagum, today Wednesday, June 25, wherein he attempted to overturn the resolution of the 99th National Executive Committee (NEC) meeting which scheduled the 100th NEC meeting for Monday, June 30.
“The acting National Chairman in the said press briefing also reportedly announced that Senator Samuel Anyanwu has been asked to resume as National Secretary of the party contrary to the resolution of the 99th NEC meeting, which referred all matters relating to the office of the National Secretary to the 100th NEC meeting.
“The pronouncements by the acting National Chairman have no foundation as no organ of the party (including the NWC), individual or group has the power to cancel, overrule, veto or vary the resolution of the National Executive Committee (NEC) under the Constitution of the PDP (as amended in 2017).
“For the avoidance of doubt, the NEC is the highest decision-making organ of the party, second only to the National Convention. By virtue of Section 31 (3) of the PDP Constitution, the resolution of the NEC to hold its 100th meeting on Monday June 30, is binding on all organs, officers, chapters and members of the party and no organ, group or individual can vary or veto this resolution of NEC.
“Furthermore, the claim by Damagum that Sen Anyanwu has been asked to resume office as the National Secretary of the party is, therefore, misleading being contrary to the resolution of NEC.
“In the light of the foregoing, the 100th NEC meeting as scheduled for Monday, June 30, has not been canceled or postponed.”
Politics
Presidency Slams El-Rufai Over Tinubu Criticism …Says He Suffers From Small Man Syndrome
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has fired back at former Kaduna State Governor, Nasir El-Rufai, following the latter’s scathing criticism of President Tinubu’s administration and his 2027 re-election prospects.
In an interview on live television, Mallam El-Rufai said it would take a “miracle” for President Tinubu to be re-elected in 2027, citing an internal poll that purportedly shows a 91 percent disapproval rating for the president across key regions in the country, including the South-East and the North. He also claimed that President Tinubu’s disapproval rating in Lagos stood at 78 percent.
Reacting on Wednesday via a post on X (formerly Twitter), Mr Onanuga took a swipe at the ex-governor, quoting a harsh assessment of Mallam El-Rufai’s character from former President Olusegun Obasanjo’s memoir, My Watch.
“Nasir’s penchant for reputation savaging is almost pathological,” Mr Onanuga wrote, citing Chief Obasanjo’s words. “Why does he do it? Very early in my interaction with him, I appreciated his talent. At the same time, I recognised his weaknesses; the worst being his inability to be loyal to anybody or any issue consistently for long, but only to Nasir El-Rufai.”
The presidential adviser emphasised Chief Obasanjo’s remarks that Mallam El-Rufai often tries to elevate himself by diminishing others. “He lied brazenly, which he did to me, against his colleagues and so-called friends,” Mr Onanuga continued, quoting the former President. “I have heard of how he ruthlessly savaged the reputation of his uncle, a man who, in an African setting, was like a foster father to him.”
Chief Obasanjo, who appointed Mallam El-Rufai as the Minister of the Federal Capital Territory between 2003 and 2007, did not mince words in the memoir, describing Mallam El-Rufai as suffering from “small man syndrome.”
Mr Onanuga’s post is seen as a direct rebuttal to Mallam El-Rufai’s recent criticism and growing opposition role. The former governor is reportedly playing a central role in forming a new coalition to challenge President Tinubu in the 2027 general election.
In March 2025, El-Rufai officially dumped the All Progressives Congress (APC) and joined the Social Democratic Party (SDP), intensifying speculations about his 2027 political ambitions.
As the political rift deepens, Mallam El-Rufai remains one of the most vocal critics of the Tinubu administration, while Mr Onanuga and other presidential allies continue to push back against what they describe as “reckless” opposition rhetoric.
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