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PDP Leadership Crisis: Appeal Court Adjourns Hearing
The Abuja Division of the Appeal Court yesterday adjourned its hearing in the ongoing leadership tussle within the opposition Peoples Democratic Party, PDP.
A three member panel of justices led by Ibrahim Salauwa gave the ruling following an application by counsel to former governor Ali Sheriff faction of the party, Akin Olujimi.
Mr. Olujimi had requested an adjournment by the court to allow the Port Harcourt Division of the appellate court conclude on a similar application.
He prayed the court to allow his application to prevent the emergence of contrasting judgements in the matter.
The counsel representing the Ahmed Makarfi faction, Emmanuel Ukala, opposed the application. Therefore, the appellate court sought a few hours adjournment after which it would listen to the arguments of both parties.
About 6 hours later, Mr. Ibrahim said the court would have to adjourn and fix another date to listen to the arguments.
He acknowledged the efforts of parties for their patience in waiting and said the case had been adjourned till December 15.
While the application at the Abuja Division of the appellate court was filed by Ahmed Makarfi faction of the PDP; the one filed at the Port Harcourt Division was by Alhaji Ali Sheriff.
Mr. Makarfi seeks to upturn the judgement of the Abuja Division of the Federal High Court which on June 29 declared his emergence as leader of the party a product of impunity.
Mr. Sheriff on his part asked the Appeal Court in Port Harcourt to nullify the judgement by a high court in the state, presided over by Ahmed Liman which validated the national convention where Mr. Makarfi was elected.
The Port Harcourt Division of the court gave no specific date for its next hearing during the last sitting on November 24.
Meanwhile, The Senate was in a rowdy session over the defection of Senator Yele Omogunwa to the All Progressives Congress as senators elected on the platform of the Peoples Democratic Party staged a walk-out.
Senator Omogunwa had written a letter to the Senate President, Dr. Abubakar Bukola Saraki, informing him of his defection from the PDP to the APC in order to support the Governor-elect of Ondo State, Rotimi Akeredoluý
However, trouble started on the floor of the Senate immediately the letter of his defection was read by Saraki.
The Minority Leader, Senator Godswill Akpabio, came through order 43 to fault the defection of Omogunwa, arguing that the only ground he could defect is if there was division within the PDP, which he said no longer exits as specified by section 68 (C) of 1999 constitution, as amended.
Akpabio raised the point of order saying that Omogunwa’s seat should be declared vacant because the seat is owned by the PDP not APC.
The matter worsened when a constitutional order was raised by Senator Dino Melaye, citing section 68 of the 1999 constitution, as amended.
Melaye argued that based on that constitutional order, Omogunwa has the right to defect to the APC, adding that there was crisis going on in the PDP.
However, Senator Peter Nwabochi protested, saying the Senate President had ruled on that issue and there is no need for Melaye to speak on the matter.
Infuriated by the development, the PDP Senators staged a walkout from plenary session to express their dissatisfaction to the development.
Addressing journalists, Akpabio said that what is expected by the Senate leadership is to declare the seat of Omgunwa vacant in order to put an ýend to political rascality.
He said: “We felt that, for today, the way we see it, is that maybe our contributions are not wanted and the excitement of the ruling APC is that they can do it on their own.
“I don’t think that will augur well for the democracy.
“So, we have to make our point very clear to the nation that, yes, we do not support political rascality and this is not the right time for somebody to cross carpet, realising that the party is one.
“And the moment there is no division in a political party and you cross carpet, you cannot go there and sit down with your relish, you should be ashamed of yourself because automatically your seat is in peril.
“At the appropriate time, I believe that working with the caucus, we will work with the national leadership of our party to take a correct legal pronouncement and ensure that the seat is declared vacant.
“Just like you observed, the reason for his jumping the ship from PDP to APC this morning is in order for him to go and support the new governor-elect, Akeredolu.
“That is the reason.
“It is not on the basis that there is a division in the PDP and that is not recognised by the law.
“He stated in his letter that he wanted to go and support Akeredolu.
“He should do so by resigning and giving back our seat.
“He also needs to know that the seat he was occupying, he was doing so in proxy.
“The seat belongs to the PDP.
“The seat does not belong to him.
“If he wishes to go and support his governor-elect, he has the right to resign from the seat and give back our seat to us and the legal process will follow and we will fill the vacancy.
“It is not for him to jump from a corner of the chamber to the other to support his governor-elect.
“It is not for him to do so.
“He ought to resign and go there to become a commissioner or a special assistant or adviser, not to trade the seat of the PDP.
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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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