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NDC: Kwankwaso Says Zoning Presidency To South Good For National Healing… Obi  Says “Time to Rescue Nigeria Has Come”

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NDC National Convention
NDC National Convention

Frontline Presidential Aspirant of the Nigeria Democratic Congress (NDC), Mr Peter Obi, has said the time to rescue Nigeria has come, and all hands must be on deck to achieve this in 2027.

Addressing delegates at the first National Convention of his party, the NDC, in Abuja on Saturday, the former Anambra State governor said, “Our choice as a people is therefore clear: whether to surrender to despair and national decline, or to summon the courage to rescue our country and rebuild it on the foundations of unity, equity, justice, competence, and productivity.”

NDC National Convention

“Where we are now, national unity is no longer optional; it is a national necessity. We must rise above ethnicity, religion, region, and political divisions to recover the soul of our nation.”

“Let us be clear. No tribe can prosper alone. No religion can develop Nigeria in isolation. No region can achieve comparative greatness while other regions are left behind. Our diversity must become our strength, not a weapon of division in the hands of desperate politicians.”

Peter Obi and Rabiu Kwankwaso

Also speaking at the convention, the NNPP Presidential candidate in 2023 and former Governor of Kano State, Rabiu Kwankwaso, said zoning to the South is necessary for national healing. “This represents a true opportunity for real national healing.”

The 2023 Presidential Candidate of the Labour Party remarked that, “With unity and effective leadership, Nigeria can become a productive and prosperous nation once again.”

According to him, “We must deliberately support agriculture and manufacturing so they become the highest contributors to our Gross Domestic Product. Special strategic attention must be given to unlocking the enormous agricultural potential of Northern Nigeria and connecting it to industrial production across the federation.

NDC National Convention
NDC National Convention

“We must move decisively from a nation of consumption to a nation of production.”

Obi said that the country “can no longer afford policies that foreclose our youths.”

He said that it’s only “competent, compassionate, and transformative leadership that can defeat insecurity, reduce corruption, create jobs, tame inflation, improve education, pull people out of poverty, and restore hope to millions of Nigerians.

“Our youths must no longer be viewed as problems to manage but as assets to empower. Our women must no longer be neglected but included as equal partners in nation-building. Persons with disabilities must find space to live in normalcy.”

Obi told the convention delegates,

“The task before us is difficult, but it is not impossible. Our challenges are not insurmountable. Nations have recovered from worse situations when courageous people chose sacrifice over silence and patriotism over personal gain. Nigeria too can rise again.”

Peter Obi and Rabiu Kwankwaso
Peter Obi and Rabiu Kwankwaso

Obi expressed regret that, in our country today, “the most painful aspect of our political existence is that many who once benefited from democratic governance have now become willing accessories to the destruction of democracy itself. Those who once fought for justice now openly celebrate electoral injustice. Those who once spoke against impunity now defend coercion, manipulation, intimidation, and outright political gangsterism, especially against opposition voices.”

“What we are witnessing is not politics; it is a systematic assault on democracy and the will of the people.”

“Nigeria today stands at a dangerous crossroads. Our democracy is under severe threat. Our nation is drifting without direction, and our people are passing through immense suffering.”

“Across the world, Nigeria is increasingly described as a failing and disgraced nation. This is not the destiny God ordained for our great country.”

Across virtually every recognised indicator of good governance—accountability, political stability, rule of law, control of corruption, government effectiveness, regulatory quality, and the separation of powers—Nigeria continues to record alarming failures.

“The institutions that should protect the people are weakening daily, while the burden on ordinary citizens grows heavier with each passing moment.”

“Today, over 140 million Nigerians live in multidimensional poverty. Tens of millions of young people remain unemployed or underemployed. Inflation continues to crush families. Businesses are shutting down. Farmers can no longer safely access their farms. Communities live in fear. In this month alone, hundreds of innocent souls were aimlessly lost.”

The high points of the convention were the zoning of the presidential position to the South and the confirmation and inauguration of party officers.

“I Heard When Bwala Was Calling My Name, But I leave Him To Mehdi Hassan”

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Aisha Yesufu and Daniel Bwala
Aisha Yesufu and Daniel Bwala

By Adesina Soyooye

Presidential Adviser, Daniel Bwala, has been handed over by Activist Aisha Yesufu, not to God or Security Agencies, but to Mehdi Hassan, a Journalist  with Aljazeera.

Yesufu was responding to an interview granted by Bwala where he made a not too complimentary remark about her.

During the interview, the interviewer made reference  to Bwala’s earlier interview where he made  uncomplimentary remarks about Yesufu who has just defected from the African Democratic Congress, ADC,  to the Nigeria Democratic Congress, NDC, following Peter Obi’s foot steps. She had said she would go where Obi goes. She, also, declared interest in running for the Senate of the Federal Capital Territory, FCT, a seat currently occupied by Senator Ireti Kingibe.

Bwala had, in his interview taken on both Obi and Yesufu for defecting to NDC, and noted that Yesufu   declared interest in challenging Kingibe. As for Obi, Bwala mocked him for not being able to stay in one party and afraid of taking part in Party Primaries.

But Yesufu, in her response, refused to engage with Bwala, insisting that no right thinking Nigerian would waste time on Bwala.

Her words: “First of all, there’s no right-thinking Nigerian that is going to waste their energy on discussing Daniel Bwala, and I’m really not going to focus on that.”

She however put Bwala in where she felt was his place.

She said: “I heard when he was calling my name. I think I will leave him with Mehdi Hassan. That’s someone that knows how to deal with people like Daniel Bwala.”

Mehdi Hassan, you remember, is the Aljazeera Journalist who interviewed Bwala recently on the activities of the President Bola Tinubu administration, and, according to not a few people, wiped the floor with  Bwala.

Yesufu: “And so one of the things I would say is that in the case of Nigeria, definitely what we want is good governance, accountability, and transparency, and a place where the lives of Nigeria would matter.”

In her defence of Obi, Yesufu said the former LP Presidential Candidate in 2023, has been part of opposition politics since leaving office as Governor.

She noted: “And one of the things is that Mr. Peter Obi, since he left government, as  governor of Anambra, he has been in opposition.

“And I can tell you, even the Mr. Tinubu (President) that they talk about, he has been in opposition.

“I remember there’s a particular piece of mind that they’re very fond of bringing up when I said he’s the father of opposition. And yeah, I mean that, because he stayed in opposition until he was able to get into office. His party was able to get into office in 2015.”

But she noted that remaining in opposition does not mean that one must remain in one political party. “But that doesn’t mean that he (Tinubu) stayed in one party.”

Chief Medical Director Abducted By Gunmen In Army, Police Uniforms

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Crown Hospital
Crown Hospital

By Adesina Soyooye 

 

For Dr. Edwin Emegoarkor, the Chief Medical Director  of Crown Hospital Nkpor, Idemili North Local Government Area of Anambra State, it was a ward round gone awry.

 

On Thursday May 7, 2026, he was on a ward round in the hospital when a gang of four men, wearing Military and Police uniforms, entered the ward, and while patients watched, he was forcefully abducted. Time was about 6.30am. 

 

Eye witness accounts say that the gang of four had driven into the hospital premises in a heavily tinted Lexus 350 parked, and sat back in the car discussing amongst themselves. But apparently, they were bidding their time and waiting for their victim to begin his ward-round.

 

When he entered the ward, two of the gunmen, one in Army uniform, the other in Police uniform, entered walked into the ward just as the remaining two rounded up the security guards at the gate and all those within the premises, and dispossessed them of their phones.

 

Said an eye-witness: “They were casually discussing inside their car while people were moving about in the hospital freely without noticing them.

 

“They were patiently waiting for their victim and later two of them, one in army camouflage and the other in police uniform, came out and picked the CMD who was on a ward round.

 

“Meanwhile, the gunmen surrendered the security men and some medical personnel, took their phones together with others around and left with their victim, Dr Emegoakor.

 

“No life was lost in the process, probably because they did not want to attract the attention of patients and other passers-by.”

Atiku Shuns Clamour For Southern Presidency, Picks ADC Presidential Forms

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Atiku Abubakar buys ADC Presidential Form

By Akinwale Kasali

Atiku Abubakar, former Vice President of Nigeria  and the Peoples Democratic Party, PDP, Presidential Candidate in the 2019 and 2023 Elections, has once again thrown his hat into the 2027 Presidential race.

In doing that Atiku has pointedly ignored that the North having, through late President Muhammadu Buhari held the Presidency for eight years, the Southern Nigeria should be allowed to hold it for same period.

On Friday, Atiku purchased the Presidential Ticket as an Aspirant on the platform of the African Democratic Congress, ADC. And did Rotimi Amaechi from Southern Nigeria.

The ADC confirmed that Abubakar has paid the sum of N90 million for the Presidential forms to enable him to contest under the party’s platform.

This was disclosed in a statement posted on its X account on Saturday.

The post was accompanied by a receipt confirming the transaction, with Official Receipt No. 2881.

The document indicates a payment of ₦90 million in bank draft, stated as the cost of the presidential nomination form ahead of the 2027 general election. The receipt was dated Friday, May 8, 2026.

The party stated: “A New Chapter in Nigeria’s Democratic Journey.

“H.E. Atiku Abubakar, GCON, has officially received his payment receipt to contest under the platform of the African Democratic Congress (ADC) ahead of the 2027 Presidential Election.”

The embattled ADC described the development as part of what it called a wider political shift within the party, framing it as a moment of strategic significance in its evolving electoral posture.

“This development marks another significant moment in the growing movement for national renewal, democratic inclusion, and people-driven leadership within the ADC,” it read.

Following this development, the party further positioned itself as an emerging alternative in Nigeria’s competitive opposition space.

It added: “As Nigerians continue to seek credible alternatives, the ADC remains committed to providing a strong platform built on unity, competence, economic recovery, security, and national progress.”

According to the announcement, the next formal step in the process will take place in the coming days.

It noted: “The formal presentation of nomination forms is expected on Monday at the ADC National Secretariat, Abuja.”

The party further framed the development as part of growing internal momentum ahead of the election cycle.

“The movement is growing. Hope is rising. Expect more,” the party concluded.

Wike Lied, Fubara Never  Accepted Not To Seek Re-election – Tam-George

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Austin Tam-George
Austin Tam-George

By Adesina Soyooye

Austin Tam-George, a  former Rivers State Commissioner for Information and Communications, has disclosed that the Minister for the Federal Capital Territory, Nyesom Wike, lied in his recent monthly press interview when he declared that Rivers State Governor, Siminalayi Fubara, said before President Bola Tinubu, that he would not run for a second term in office.

Tam-George said that Fubara never accepted to such an agreement and that it is a fabrication by Wike.

Recall that Wike had disclosed during the Media outing that Fubara  said before President Tinubu during a reconciliation meeting that he was not going to seek a re-election to a second term in office. Wike, therefore, posited that Governor Fubara was being “clever by half” when it was disclosed that a group of Rivers State Elders had purchased the 2027 Governorship Election Expression of Interest and Nomination Forms for him.

Recall, also that Wike, Fubara’s estranged political godfather, had sworn that Fubara will never get a second term in office for daring to disagree with him.

Governor Siminalayi Fubara and Nyesom Wike
L-R; Governor Siminalayi Fubara and Nyesom Wike

But Tam-George, in an interview, put a lie to Wike’s claims that part of the outcome of the reconciliation before the President was that Fubara will not seek a second term in office. According to the former Commissioner, nothing of that nature came up; there was no such agreement, and no such agreement was  signed.

He stated that even if there was any private political understanding, such agreement cannot overide the Nigerian Constitution.

Tam-George emphasized that the Nigerian Constitution gives every elected governor the right to seek a second term if he/she so desires. Therefore, he argued, if Fubara decides to seek a re-election  and eventually appears on the ballot, his fate rests with the people through a democratic process.

Tam-George: “I can tell you that no such agreement exists. It’s a completely fictitious fabrication by the FCT minister. No such agreement exists.”

In a bid to stop Fubara, Wike, who insists he is a staunch PDP member, and who leads both the PDP and the APC in Rivers State  under what he calls a Rainbow Coalition, has already positioned two Governorship aspirants  against 2027 – one for the PDP and the other for the APC under which Government he serves as a Minister.

Alleged N37 Billion Fraud: EFCC Declares Fmr Minister, Umar Farouq Wanted

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Sadiya Umar Farouq
Sadiya Umar Farouq

By Ayodele Oni 

 

Former Minister of Humanitarian Affairs and Social Development Sadiya Umar Farouq under the late President Muhammadu Buhari’s Government is on the wanted list of  the Economic and Financial Crimes Commission  (EFCC), over allegations of abuse of office and diversion of public funds.

 

In a notice published on its website Saturday, the EFCC asked anyone with information on her whereabouts to contact its offices nationwide.

 

Umar Farouq, 52, is from Zamfara State. Her last known address is listed as EN008, Okpo River, off Agulu Street, Maitama, Abuja. She served under former President Muhammadu Buhari from 2019 to 2023.

 

The EFCC is investigating alleged fraud involving about N37 billion linked to the ministry during her tenure.

 

On 16 April 2026, a Federal Capital Territory High Court issued a warrant for her arrest after she and other defendants failed to appear for arraignment.

 

Justice Jude Onwuegbuzie also approved the arrest of Bashir Nura Alkali, a Permanent Secretary in the Ministry.

 

Umar Farouq, Alkali, and Sani Mohammed face a 21-count charge of criminal breach of trust and abuse of office.

 

The EFCC alleges the defendants misappropriated about $1.3 million and N746.6 million meant for government programmes.

 

“Part of the funds, meant to be refunded to the ministry after payments under a social intervention programme, was allegedly diverted for personal use,” the agency said.

 

She served as Buhari’s Minister between 2019 and 2023 as a replacement for Dr. Beta Edu who was removed from office over some alleged untidy circumstances.

 

One of the highlights of Farouq’s tenure was when a social media blogger married her off to Buhari in a fake marriage ceremony complete with wedding invitations and photographs.

 

She was however  alleged to have later married a former Chief of the Air Staff under same administration.

INEC Guidelines: Defection Ends Saturday

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Kayode Ajulo SAN

By Ayodele Oni 

 

The Attorney General and Commissioner for Justice in Ondo State, Kayode Ajulo, has declared that defection from one party to the other ends by 11.59 pm on Saturday.

 

The commissioner explained that the political party a Nigerian politician belongs to as of 11:59 p.m. on Saturday will effectively determine the platform on which such a politician can contest the 2027 General Elections.

 

Ajulo, a Senior Advocate of Nigeria, made the assertion in a legal opinion released on Saturday, warning politicians against last-minute defections after the deadline for the submission of party membership registers to the Independent National Electoral Commission (INEC).

 

The legal opinion, titled “Fixity of Political Party Membership and Sponsorship for the 2027 Polls,” is based on provisions of the 1999 Constitution (as amended) and the Electoral Act 2026, particularly Section 77.

 

According to him, the Electoral Act now mandates political parties to maintain and submit comprehensive digital membership registers containing verified details of members, including National Identification Numbers, photographs, polling unit information and biometric data.

 

Ajulo explained that only individuals captured in the registers submitted to INEC before the May 10, 2026 deadline would be recognised as valid members eligible to participate in party primaries or contest elections on the platform of such parties.

 

He stressed that the law expressly prohibits dual party membership and imposes penalties for violations, warning that politicians who defect after the submission deadline risk disqualification, while political parties that fail to comply with the provisions could lose the right to sponsor candidates.

 

The Attorney General noted that although Section 40 of the Constitution guarantees freedom of association, such rights are subject to electoral regulations aimed at promoting internal party discipline and preventing political instability caused by frequent defections.

 

Ajulo also cited Sections 68 and 109 of the Constitution relating to defection by lawmakers, noting that elected legislators are expected to vacate their seats upon switching parties except in cases of division or merger within their political parties.

 

He further referenced judicial authorities affirming that political party sponsorship and nomination are tied to compliance with electoral guidelines at the relevant period.Describing the Electoral Act 2026 as a deliberate legislative response to what he termed “opportunistic cross-carpeting,” 

 

Ajulo said the law was designed to strengthen Nigeria’s democratic process and reduce political inconsistency.

 

He advised politicians considering a change of political affiliation to formally resign from their current parties and ensure their names are removed from existing membership registers before the INEC deadline.

 

The senior lawyer also urged political parties to carefully compile and verify their registers to avoid sanctions or disqualification during the nomination process.

 

The development comes amid heightened political activities and intensified membership drives across major political parties ahead of the 2027 elections, with party primaries expected to hold between April 23 and May 30, 2026.

Stop Dragging Gov Otti Into Your Internal Crises, LP Cautions APC

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Alex Otti - Governor of Abia State

By Suleiman Anyalewechi 

 

The Labour Party, LP, has cautioned the All Progressive Congress, APC, against linking Governor Alex Otti to its  festering and self-inflicted crises in Abia state.

 

The Party described as totally unacceptable the tendency by the APC in Abia State to seek to drag Governor Otti into its internal and leadership tussles.

 

The Source reports that the APC, in a statement early on Friday, May 8 2026, accused the Media team of the Abia State Governor of being responsible for the fake and misleading reports circulating in the social media space suggesting that Rt Hon Benjamin Okezie Kalu, the Deputy Speaker of the House of Representatives has endorsed Governor Otti for a second term in office.

 

“The attention of the APC in Abia State has been drawn to a misleading, malicious and deceptive propaganda being circulated across various media platforms allegedly by Governor Alex Otti’s media team.

 

“For the benefits of unsuspecting members of the public who may be misled by these desperate falsehood, we wish to categorically state that the Rt Hon Benjamin Okezie Kalu has never at any time, either publicly or privately, endorsed Governor Otti for a second term in office”, the APC stated.

 

However,in a reaction late  Friday, the Abia state chapter of the LP, in a statement from its spokesperson, Emenike Iroegbu , condemned the APC’s growing tendency to associate the Abia state Governor with issues concerning Kalu.

 

The LP emphasized that the Abia State Governor is too  focused and preoccupied with the task of delivering on the people’s mandate to bother about persons who are yet to clearly define their own political direction.

 

Similarly, the LP called on the APC in Abia State to rather pay attention to the rebuilding of the Party instead of constantly dragging the Governor into their internal challenges.

 

“Ordinarily, the Labour Party would not have dignified such a needless and panic-driven publication with a response but it has become necessary to advise the Abia State APC to desist from the habitual attempt to use the good name of Governor Alex Otti to drive their endless political narrative and internal anxieties.

 

“Governor Alex Otti is far too focused on governance, rebuilding critical infrastructure, repositioning the economy, restoring confidence in public institutions and improving the lives of Abians to spend valuable time discussing individuals who are yet to clearly define their own political direction.

 

“It is, therefore, surprising that the APC in Abia State continues to drag the Governor into every conversation as though their political relevance depends solely mentioning his name.

 

“The truth remains that Governor Alex Otti’s performance has naturally become the standard for governance in Abia state, and this reality appears to be giving the opposition sleepless nights.

 

“The Labour Party finds it unnecessary to engage in debates over endorsement or political speculations manufactured by opposition elements seeking public attention.

 

“Governor Otti’s growing acceptance across Abia State and beyond is rooted in visible performance, prudent leadership and the restoration of hope to the people”, LP noted.

 

The Party, therefore, urged the APC in Abia State to focus on rebuilding their party, articulating alternative policies ,and addressing the concerns of their members instead of dissipating energy on trying to drag Governor Otti into their internal and leadership crises .

Unity Bank Disburses Over N500m To SMEs

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Unity Bank

As part of efforts to promote Small and Medium Enterprises, SMEs in the country, Unity Bank has continued to empower small-scale traders and shop owners across Nigeria through its initiative called Shop Collateralised Facility, SHOCOF.

SHOCOF is an innovative loan product, and Unity Bank has disbursed over N500 million to beneficiaries, significantly improving access to financing, and further driving financial inclusion.

Originally introduced as a targeted intervention for traders in Southeast Nigeria, SHOCOF quickly gained traction and broad acceptance for its flexibility and tailored structure, prompting the Bank to expand the product nationwide.

Under the initiative, eligible customers can use their shops as collateral to access financing. The product simplifies access to credit by leveraging the commercial value and stability associated with fixed business locations, enabling traders to secure funds without the stringent collateral requirements associated with traditional lending structures.

The facility provides working capital support that enables beneficiaries to restock goods, increase inventory turnover, improve cash flow, and respond more effectively to market demand.

Recent reports indicate that more than 80 per cent of Nigeria’s small businesses operate informally, with many relying on personal savings and informal borrowing channels due to limited access to Bank credit. SHOCOF was developed to bridge this gap through a lending model tailored to the realities of market traders and small shop owners.

Speaking on the impact of the product, the Group Head, Risk Management, Unity Bank, Olusegun Oladipo, said the Bank recognised the need for financing solutions aligned with the realities of informal sector businesses.

“SHOCOF was created to address a critical gap within the small business ecosystem by providing access to credit through a structure that traders can satisfactorily meet without much ado,” Oladipo said.

He added: “By recognising the value and stability embedded in their businesses, we have been able to support traders with the capital required to sustain and grow their operations.”

Also commenting, Divisional Head, SME & Retail Banking, Unity Bank, Adenike Abimbola, said the nationwide adoption of the product reflects proper market segmentation to meet the growing demand for accessible financing among small business owners.

“What started as a targeted intervention in the Southeast, which quickly gained momentum because the product directly addressed the realities of everyday traders,” Abimbola said.

Over the years, Unity Bank has continued to introduce targeted solutions aimed at empowering entrepreneurs, including its flagship Yanga account package developed to support female entrepreneurs.

The Bank reaffirmed that expanding access to capital for underserved business segments remains critical to boosting trade, strengthening local economies, and driving sustainable economic growth

Why Some Bank Dividends Are Paused, Implications For Investors

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There is a quiet but important shift underway in Nigeria’s banking sector, and shareholders are beginning to feel it through their dividend payouts. Several banks declared healthy profits for the financial year ended December 2025. A few proposed dividends were announced, then came the regulatory signal that the CBN reportedly withheld approval for some of those dividends until the affected banks aligned with the provisions of BOFIA to ensure prudential compliance.

The story behind the headlines is more reassuring than alarming. Nigeria’s banks are not being asked to explain a crisis but are being required to complete regulatory alignment under risk-assessment governance. The current dividend pause, and elevated impairment charges are, according to Proshare’s latest banking sector update, evidence of regulatory discipline alignment, balance-sheet repair, and capital-quality discipline rather than of banking distress.

The CBN has spent the past two years pushing the industry through a recapitalisation programme that raised about N4.65 trillion across 33 banks. With capital quantity now broadly settled, the regulator has turned attention to capital quality. That means making sure the loans on banks’ books are valued honestly, that losses are recognised promptly, and that depositors are protected before shareholders are paid.

The numbers tell the story. Across several tier-one and tier-two banks, impairment charges in 2025 totalled around N2.16 trillion. UBA recorded a loan-loss provision of N331 billion. Access Holdings increased its impairment charges by 209% to N287.3 billion. Those figures are not signs of weakness. They are signs that vulnerabilities are being recognised upfront rather than postponed.

A large part of the story sits in the oil and gas sector, where banking industry exposure is estimated at around N21 trillion at the end of 2024. Some of those exposures have entered public conversation, and lenders have taken active steps to recover value, including asset freezes and receivership filings. The willingness to disclose, provision, and litigate is itself a sign of a healthier sector, not a failing one.

For shareholders, the immediate experience is uncomfortable. A paused dividend feels like bad news. The longer-term message, however, is more constructive: a banking system that recognises losses, retains capital, and rebuilds buffers can support sustainable dividends and stronger share prices over time.

Discerning investors are reading the moment differently. They were the same investors who supported the recapitalisation cycle. They saw long-term franchise value, deeper capital buffers, and the prospect of cleaner earnings on the other side of the reset. The current pause does not change that decision mindset. If anything, it reinforces it. A bank that takes its impairment hit now is a bank with a cleaner runway tomorrow.

The informed way to read what is happening is that the system is not broken, but the rules are now being applied with more discipline. The banks that raised capital are now being asked to demonstrate that they can use that capital to absorb losses, protect depositors, and build buffers before they distribute profits.

The message, therefore, is straightforward. Nigeria’s banks are being pushed into a stricter phase of regulatory alignment. Losses are being recognised earlier, capital is being retained, recovery actions are being pursued, and transparency is improving.

The short-term effect is uncomfortable for shareholders, but only for a while. The longer-term aim is a stronger, more resilient banking system with a better foundation for sustainable investor returns. For the public, that is good news, even if it does not feel like it on dividend day.