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FCMB’s N160bn Capital Raise Aligns with Nigeria’s Economic Revival-GMD

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FCMB Group Plc

On October 13, 2025, FCMB Group Plc presented the facts behind its ₦160 billion public offer to capital market operators, investors, and other stakeholders at the Nigerian Exchange Group (NGX). The offer marks a critical phase in the Group’s recapitalisation programme designed to strengthen its capital base, retain its international banking licence, and enhance shareholder value in line with the Central Bank of Nigeria’s new ₦500 billion capital requirement for international banks.

The Group CEO of FCMB, Ladi Balogun presented the offer details during the “Facts Behind the Offer” session, showcasing the importance of the capital raise towards building a stronger and more resilient financial institution.

Balogun traced the Group’s rich history with NGX, highlighting how the exchange has facilitated approximately $863 million in capital raising since the bank’s inception, with recent rounds heavily supported by domestic investors. This confidence from local market participants is especially vital for economic stability and long-term sector growth.
Setting the capital raise against Nigeria’s improving macroeconomic backdrop, Balogun pointed to key indicators such as foreign reserves reaching a 10-year high, inflation dropping to near 20 percent, and the naira’s appreciation as signs of stability that buoy investor optimism. He projected that lower interest rates and Nigeria’s potential return to emerging market indices would drive increased foreign portfolio inflows and higher valuations, particularly in the banking sector.

Nigerian Exchange Group CEO, Jude Chiemeka, in his welcome remarks, applauded FCMB’s proactive engagement with investors through this transparent communication platform. He said, “We applaud FCMB’s proactive engagement with investors. The financial sector is critical to our economy, accounting for over 75 percent of daily trading on the NGX and contributing significantly, including ₦2.2 trillion in taxes over the last four years.”

Chiemeka highlighted the broader achievements of the exchange, including ₦4.6 trillion raised across various asset classes in H1 2025 and sustainability efforts such as green and social bonds issuance in partnership with the International Finance Corporation. He urged FCMB to deepen collaboration with NGX’s X-Academy on corporate governance and investor education, reinforcing the commitment to market development.

Speaking on FCMB’s strong H1 2025 Financial results, Balogun spoke to the restructuring which showed a 23 percent profit before tax increase and a 20.6 percent return on equity. He explained that “the cost of funds remains high due to the 50% cash reserve requirement, meaning half of deposits earn zero interest. Raising equity helps repay expensive deposits, effectively creating higher yields on that capital.”

He added that, “following FCMB’s 2024 capital raise, the bank’s net interest margin rose to 9.1 percent and return on equity reached the 20 percent range by mid-year. We expect a similar outcome after the new capital raise closes in November 2025, with funds deployed by Q1 2026 to further reduce fixed deposits.”

The FCMB Group CEO also reiterated Nigeria’s economic milestone, whereby GDP growth has finally outpaced population growth, a crucial shift for poverty reduction. “Sustained poverty reduction requires annual GDP growth of about 7 percent. The Central Bank of Nigeria is driving reforms that have supported this improvement,” he stated.

Balogun highlighted monetary reforms like the floating of the exchange rate and clearing a $7 billion FX backlog, which have improved foreign reserves and investor confidence. Encouraging shareholder participation, He urged investors, “to maintain or increase their investments to avoid dilution,” signalling a bullish outlook for Nigerian banks under these favorable conditions.

The strong performance of FCMB’s stock which has surged by 395 percent since 2020, translating into a 70% compound annual growth rate, combined with the bank’s undervalued price-to-book ratio, signals significant upside potential for investors looking to capitalize on Nigeria’s evolving economic landscape.

WAFCON 2026 Qualifiers: Oshoala, Omewa, Usani Arrive Lomé  For Clash

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Super Falcons
Super Falcons

By Akinwale Kasali

Women African Cup of Nations, WAFCON, defending Champion, the Super Falcons of is Nigeria, is set to defend its continental title. The team  commenced training sessions on Monday in the Togolese capital, Lomé, ahead of their 2026 Women Africa Cup of Nations final qualifying fixture, first leg match against their Béninoise counterparts.

The match, scheduled to take place on Friday, October 24th, 2025, has seen Six-time Africa Player of the Year, Asisat Oshoala, among the early birds in the Super Falcons’ Lomé camp, alongside new invitee, Joy Omewa, as well as Turkey-based defender Tosin Demehin, China-based forward Folashade Ijamilusi, and the home-based quintet of goalkeeper, Anderline Mgbechi, defenders Blessing Ilivieda and Miracle Usani, midfielder Taiwo Afolabi and forward Kafayat Mafisere.

Head Coach, Justine Madugu  confirmed that the team  began training sessions in Lomé on Monday afternoon, as they prepare to face the Bénin senior women’s team at the 25,000 – capacity Stade de Kégué on Friday afternoon.

Both West African neighbours clash in a final qualifying fixture for the 2026 Women Africa Cup of Nations championship to be hosted by Morocco, which also serves as Africa’s qualifying tournament for the 2027 FIFA Women’s World Cup finals, to be hosted by Brazil.

 The encounter will commence at 3pm Togolese time (4pm Nigeria time).

The return leg is slated for the MKO Abiola Sports Complex, Abeokuta on Tuesday, 28th October 2025.

The Confederation of African Football, CAF, has selected Gambian official Ngum Fatou as referee for Friday’s match, with Mauritanians Mariem Chedad and Hamedine Houleye as assistant referees 1 and 2 respectively, while Gambian Isatou Touray will serve as fourth official.

Halimatou Hamidou from Niger Republic will be the commissioner, while Martha Nyekanyeka from Malawi will be in the role of referee assessor.

INVITED SUPER FALCONS PLAYERS FOR WAFCON QUALIFYING FIXTURE VS BÉNIN:

Goalkeepers: Chiamaka Nnadozie (Brighton Hove & Albion, England); Anderline Mgbechi (Rivers Angels); Rachael Unachukwu (Nasarawa Amazons)

Defenders: Osinachi Ohale (Pachucha Club de Futbol, Mexico); Shukurat Oladipo (AS Roma, Italy); Michelle Alozie (Houston Dash, USA); Ashleigh Plumptre (Ittihad Ladies FC, Saudi Arabia); Blessing Ilivieda (Bayelsa Queens); Oluwatosin Demehin (Galatasaray Sportive, Turkey); Miracle Usani (Abia Angels)

Midfielders: Rasheedat Ajibade (Paris Saint Germain, France); Taiwo Afolabi (Rivers Angels); Deborah Abiodun (Washington Spirit, USA); Jennifer Echegini (Paris Saint Germain, France); Christy Ucheibe (SL Benfica, Portugal)

Forwards: Chinwendu Ihezuo (Pachucha Club de Futbol, Mexico); Joy Omewa (Fortuna Hjorrin FC, Denmark); Esther Okoronkwo (AFC Toronto, Canada); Asisat Oshoala (Al Hilal FC, Saudi Arabia); Folashade Ijamilusi (Liaoning Shenyang Shenbei Hefeng, China); Kafayat Mafisere (Edo Queens)

Max Air Pilots Stop Work Over Unpaid Wages

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Max Air

By Akinwale Kasali

Crisis has rocked Max Air, following the inability of the Domestic Airline to pay the wages and entitlements of its Pilots. This has  prompted  the Pilots to ground scheduled flights in protest.

Passengers booked on Max Air were left stranded at the Maiduguri International Airport, as the Pilots reportedly refused to fly shortly before takeoff, forcing Airline Officials to ask already boarded passengers to disembark and return to the terminal.

It was gathered that the protest was linked to salaries and allowances, allegedly, owed by Max Air management to its flight crew.

The Nigeria Civil Aviation Authority (NCAA) also confirmed the temporary disruption, noting that normal operations resumed after both parties reached a settlement.

“The matter was resolved, and the flight departed around 1:00 p.m.,” said the NCAA Director of Public Affairs and Consumer Protection.

Sources informed the magazine that this is not the first time Max Air has faced operational turbulence.

The airline was recently sanctioned by NCAA over a near-crash incident in Kano earlier this year.

#Freennamdikanu: Farotimi Condemns Attack On Protesters

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Dele Farotimi

By Akinwale Kasali

Dele Farotimi, activist and  Lawyer has condemned  the attack on protesters who demanded the release of Leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu, by Armed Military Personnel who fired teargas and live ammunition to disperse protesters in Abuja.

The Civil Rights Advocate further criticised the Nigerian Police and the Judiciary for their handling of peaceful protests. He said their actions show that Nigeria is only pretending it has democracy.

Farotimi made said this on a Channels Television’s programme,  The Morning Brief Tuesday.

He argued that the suppression of protests and court restrictions on citizens’ rights to assemble freely are clear signs that the country has strayed from democratic norms.

Farotimi, “In a democracy, there should never be a need for a police permit before you may have a protest. The police were informed so that they would provide security.

“That a court would presume to curtail the right of citizens to protest peacefully in a democracy is even suggestive of the fact that we’re not in a democracy. We’re only mimicking and pretending to be in one.”

It would be recalled that the protesters led by Omoyele Sowore, activist and former Presidential Candidate defied a court order and police warnings as and marched with placards and chanted slogans before security operatives dispersed them with tear gas.

Farotimi described the idea of citizens needing police permission to protest as “completely unheard of” in a democracy.

According to him, the police are public servants, not gatekeepers of citizens’ rights.

“It is ridiculous that citizens would need permission from their paid employees before they can congregate peacefully,” he said.

He further faulted the Judiciary and accused it of losing its independence and serving the interests of the executive.

“I’m sorry to say our Judiciary is unfit for purpose. It does exactly as it is told by the Executive and does not serve the cause of justice,” he said, adding that “an order is only as useful as its lawfulness.”

He, however, maintained that only those who engage in violence should face arrest during protests, not peaceful demonstrators.

He recalled his own experience of being prosecuted under a “non-existent law,” which he said illustrated the dysfunction within Nigeria’s legal system.

Defection Again PDP Bleeds As Hon. Ojema Ojotu Dumps Party, Joins APC

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Ojema Ojotu

By Akinwale Kasali

The wind of defection rocking the Peoples Democratic Party, PDP, has continued as Hon. Ojema Ojotu, member of the House of Representatives representing Apa/Agatu Federal Constituency of Benue State, has officially dumped it for the All Progressives Congress, APC.

Ojotu’s defection is coming a week after Governor Peter Mbah of Enugu State alongside his loyalists officially joined the APC.

Announcing his defection   the Deputy Speaker, Hon Benjamin Kalu, who presided over Tuesday’s plenary session, read the lawmaker’s defection letter on the floor of the Green Chamber.

It would be recalled that before Ojotu’s defection to the ruling Party, the APC produced 10 out of the 11 members that represent the various constituencies of the North Central State in the Green Chamber.

With Ojotu’s defection, the ruling APC is now in full control of all Benue Federal Seats in the House of Representatives.

Ojotu in his letter stated that his decision to leave the PDP is centered on the perennial crisis involving the PDP.

“After consultation with his constituents, family members and political associates, I have decided to dump the PDP for the APC,” he said.

Ojotu’s defection was challenged by the House Deputy Minority Leader, Aliyu Madaki of the New Nigeria Peoples Party, who called on the presiding officer to declare Ojotu’s seat vacant.

Madaki said, “Honourable Speaker, I rely on Constitutional Point of Order 68 (1) (g), which says that a member’s seat should be declared vacant if he leaves the party that sponsored his election, and if there is no division in that party that brought him to power.”

His Point of Order was countered by the House Majority Leader, Ibrahim Halims, who relied on Order 7 to argue that “When there is an unresolved crisis in a party and that party cannot resolve its crisis, the person concerned can leave to protect his future.”

Kalu officially welcomed Ojotu, who is the Chairman of the House Committee on Inland Waterways, into the APC fold, assuring him of the Party’s support at all times

#FreeNnamdiKanu: Rights Group Condemns Police Brute Force Against Protesters

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Nnamdi-Kanu - IPOB Leader

‎The Committee for the Defence of Human Rights, CDHR, has condemned the Nigerian Police Force, NPF and other security agencies for disrupting the Monday peaceful protest of some Nigerians demanding the freedom of Indigenous Peoples of Biafra,  IPOB leader Nnamdi Kanu.

The rights group in a statement signed by Debo Adeniran said it’s the Constitutional right of Nigerians to demonstrate whenever they are not happy with the government, saying it’s wrong to attack the protesters with brute force.

On Monday, some Nigerians led by Omoyele Sowore led a national protest under the aegis of #freeNnamdikanu, demanding the unconditional release of the IPOB strongman who has been detained by the Department of State Services, DSS, since 2021, he’s being prosecuted for terrorism and treason related charges.

During the protest in Abuja, the nation’s capital yesterday, the protesters were attacked by the police and other security officials who allegedly fired live bullets and teargas to disperse the protesters. Some demonstrators have also been arrested and detained by the Police.

Reacting, Adeniran described the action of the Police as oppressive and condemnable, noting that their action is a violation of protesters constitutional right under democracy.

Below, the CDHR Statement:

The Committee for the Defence of Human Rights (CDHR) condemns the disruption of the peaceful protest led by Mr. Omoyele Sowore in Abuja today. The protest, a constitutionally guaranteed peaceful assembly, was met with unnecessary force by officers of the Nigerian Police

‎ We would like to remind the government that freedom of assembly and expression in a protest are fundamental and inalienable human rights, enshrined in the Nigerian Constitution and several international human rights instruments that Nigeria subscribes to. The government cannot therefore criminalise citizens who assemble peacefully and express their opinions on, or dissatisfaction with government actions, inactions or policies. The actions of the Nigerian Police in tear-gassing armless, non-violent civilians constitute excessive use of force and a gross violation of the protesters’ rights and opposed to all known democratic principles. It is oppressive and utterly condemnable.

‎ It is our belief that no individual or group in a free and democratic society should be subjected to inhumane and degrading treatment for simply exercising their rights of expression and to peaceful assembly and, indeed protests. The deployment of state instruments of coercion against citizens expressing such legitimate grievances against a government action is an unacceptable abuse of power and a direct assault on the sensibility of our people and civilized principles of democracy. Such high-handed tactics do not resolve conflicting issues but rather exacerbate them, thus breeding public resentment and creating a fertile ground for more hostile and possible subterranean violent actions in the future.

‎ We are particularly surprised by the reports of arrest of several protesters in Abuja. CDHR demands the immediate and unconditional release of all individuals detained for participating in this peaceful protest. Their arrest is unnecessary and a blatant attempt to criminalize dissent.

The CDHR wishes to state unequivocally that government’s attempt at silencing dissent voices will also breed grave consequences on the nation’s peaceful coexistence and stability. Such will turn out to engender public anger that has a potentiality of devastating volatility that may be difficult to douse.

‎ We, in the CDHR, will continue to monitor the situation closely with a view to ensuring that those whose rights are violated in this and other protests get deserved justice.

‎Debo Adeniran

 President, CDHR

Lagos, 20 October, 2025

OPINION: Reno Omokri: The Pathological Liar

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Valentine Obienyem and Reno Omokri

By Valentine Obienyem

I had to advise myself on the futility of replying to characters like Mr. Reno Omokri. The man has made a full-time career of shadowing Mr. Peter Obi and would readily respond to anything Obi says or does. I am convinced that if Obi were to remark, even casually, that Reno’s father was a good judge, Reno would, because it came from Obi,  swiftly protest – insisting instead that his father was Sisamnes, the corrupt judge whom King Cambyses flayed alive and whose skin was used to upholster the judicial chair, that future judges might never forget the wages of corruption. Such is the depth of Reno’s contrariness – so consumed by envy and obsession that he would contradict even the truth itself, merely to draw breath from controversy.

When I wrote a couple of articles on him, it was the same Obi who appealed to me to stop writing about Reno, insisting that it was giving him attention he did not deserve. In fact, he said wryly: “Reno is a good but hungry man. He uses me to get traffic; why not indulge him that vanity?”

I remember my engagement with Mr. Tai Obasi. Tai has wisely, perhaps, decided not to touch anything concerning Reno, not even with a long spoon. He once advised that I emulate him, though he admitted that my analyses are always punchy. I recalled  explaining to him why I always hit him hard with truth by telling him about Martin Luther ( A Rev. Fr.).  When Luther’s wife, a former nun, reproached him, “Dear husband, you are too rude against the Papacy” – he replied, “A twig can be cut with a bread knife, but an oak calls for an axe.” There is no language inappropriate in the exposition of Reno, who is an enemy of truth and civility.

Reno is on the loose against all civilised norms. He can go to any extent to sing the praises of those in power or those who lubricate his palms. After a brief observation, I discovered that he places more value on people’s favour than on reputation – and he makes no pretence to the contrary. This informs his support for corruption, indiscipline, incompetence and shameless philistinism.

Reno reminds me of an ancient sophist named Teng. A certain fellow once recovered a drowned body and demanded a large ransom from the dead man’s family before releasing it for burial. Distraught, the family sought Teng’s counsel. “Wait,” said the sophist with an air of cunning calm, “no other family will pay for the corpse.” They followed his advice. Soon the man who possessed the body, finding no one willing to meet his price, grew anxious and came to Teng for guidance. Teng, with the same cold detachment, told him: “Wait, nowhere else can they obtain the body.”

Such is Reno’s character – a man so duplicitous that he plays both sides of every quarrel, advising the oppressor and the oppressed in turn, profiting from the confusion he creates. He traffics in deceit as others do in trade, thriving on contradiction, and mastering the art of self-serving sophistry. Like Teng, he measures wisdom by advantage, and morality by convenience.

Reno is one of the worst sycophants I have encountered. He is insincere, hypocritical, and a perfect artist in acting out opinions he pretends to hold. The way and manner he supports President Tinubu, for example, would give no inkling that he once criticised him fiercely to the point of  touting him  for senility. Today, he acts with astonishing devotion to the same man he once condemned – all for material gain. The true character of the man manifests daily. People are still stunned by the lightning speed with which he transformed from Tinubu’s critic to his ardent defender.

He is in the news again recently over his dealings with Mike Arnold. Honestly, I have not read the entire story because anything about Reno nauseates. However, as reported by credible sources, the story is revealing. In October 2025, Reno Omokri publicly dismissed U.S. Senator Ted Cruz’s claim that Nigeria was witnessing a “Christian genocide.” He argued that while Christians were indeed victims of attacks, so too were Muslims, insisting that the violence stemmed from terrorism, banditry, and communal conflict rather than a state-sponsored campaign against any faith. To bolster his argument, Omokri said he invited a U.S. fact-finding delegation- led by former Texas Mayor Mike Arnold and filmmaker Jeff Gibbs – to assess the situation on the ground.

However, after their visit, Mike Arnold contradicted Omokri’s account. He accused Omokri of misrepresenting the findings and called him a “pathological liar” after evaluating his longstanding dealings with him.

The summary of Arnold’s point is that Reno is a pathological liar. His written and spoken lies could make a book – many were not written, some were not “writable.” Arnold almost called him a Judas who betrays all; a mad dog who bites everybody. Check all those he has worked with – he is today their number one antagonist. Reno must have pushed the normally taciturn Arnold to the bursting point with his lies and misrepresentations, such that he felt compelled to expose him.

When Reno lies or fights, he does so without restraint or truce; he uses every device of satire, ridicule, and vituperation –  he is an expert in the crafty distortion of truth. Reno does not care about his reputation. He is always eager to do anything to finance his vanity. I am sure that if the devil would pay his bills, he would offer him his services. He wants to enjoy the pleasure of every impulse. At over fifty, it is incredible that honour still means nothing to him. People like him probably think a good name is a posthumous bauble which fools pay dearly for but cannot enjoy – this is probably his mindset.

Honestly, Reno is a fascinating character. I have never seen a man whose every action is prompted by inordinate avarice. This is precisely why Nigerians rank him as the outstanding man of his time in three areas: in lies, in sycophancy, and in “nzuzu.”

ADC, PDP In Disarray, Can’t Provide Credible Opposition- APC

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APC Chairman Yilwada

The Lagos state chapter of the All Progressives Congress, APC, has slammed opposition parties in the country for failing to provide the “intellectual counterweight” to the ruling party.

The state ADC  said in a statement on Tuesday by its spokesman, Seye Oladejo that the opposition parties are in disarray and lacked direction ahead the 2027 general elections, saying the situation is not good for the country which requires credible opposition to put the APC on its toes.

Major opposition parties in the country include the African Democratic Congress, Peoples Democratic Party, PDP, Labour Party, LP among others.

According to Oladejo, the opposition are only interested in pursuing their own selfish agenda, saying President Bola Ahmed Tinubu has so far provided good leadership in the country through the Renewed Hope Agenda, RHA mantra of the APC by offering Nigerians “a credible alternative founded on progressivism, good governance, and national unity.”

He stressed that the opposition is currently wallowing in confusion and desperation, which according to him, don’t bode well for the nation’s democratic growth and development.

Oladejo: “Rather than serve as credible watchdogs, policy challengers, or intellectual counterweights to the ruling party, the opposition has degenerated into a coalition of desperation, confusion, and hypocrisy – the very bane of Nigeria’s democratic growth.

“The health of any democracy is measured by the quality, depth, and seriousness of its opposition – its ideas, organisation, and consistency.

“Sadly, Nigeria’s opposition has failed woefully on all counts. It lacks leadership, cohesion, and a binding political philosophy.

“The nation has watched in disbelief as individuals who once claimed to stand for ideological purity now leapfrog from one platform to another in search of personal relevance.

“The opposition’s moral compass has been completely eroded, leaving behind a band of opportunists united only by their lust for power,” Oladejo said.

The ADC spokesperson said the coalition of opposition parties in the country shouLd learn from President Tinubu, who through years of hard-work built a formidable opposition that finally won power at the centre after defeating the ruling party, describing Tinubu as a visionary, principled and idealistic leader. .

“He offered Nigerians a credible alternative founded on progressivism, good governance, and national unity.

“The APC of today is a testament to what visionary and responsible opposition politics can achieve when driven by patriotism rather than personal ambition,” he said.

Coup: ADC Exposes FG’s Plan To Crack Down On Opposition

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Bolaji Abdullahi
Bolaji Abdullahi

The African Democratic Congress, ADC, has warned the federal government not to use the recent reported coup in the country as an excuse to clamp down on the opposition. The ADC however condemned the alleged coup and any attempt to destroy the nation’s democratic rule.

The National Publicity Secretary of the party, Bolaji Abdullahi made the remark in a statement on Monday, saying the Bola Ahmed Tinubu’s administration may be tempted to use the alleged coup plot to attack those who disagree with his government.

According to the party’s spokesperson, the administration should not use national security to exert political capital on dissenting voices in the country, saying it’s worrying that authorities in the country are making discordance tunes over the alleged coup plot.

Below, the ADC statement:

“The ADC has been closely monitoring the reports of an alleged coup plot involving arrested military officers and subsequent media claims that a former southern governor is under investigation for allegedly funding the suspects. While we vehemently oppose any effort to undermine Nigeria’s constitutional order, we are equally concerned about the potential misuse of such allegations to justify political witch-hunts, suppress dissent, or manipulate public sentiment.

“We are particularly concerned about the conflicting signals coming from government sources, especially as the Defence Headquarters has publicly denied ever mentioning a coup plot, despite widespread media reports to the contrary. Such inconsistency raises serious fears that the coup narrative may have been politically engineered.

“The ADC is particularly concerned that the federal government has not deemed it fit to make a categorical statement on this very serious matter, especially after the military authorities had repeatedly denied that there was such a threat to the government. By keeping quiet, the government has deliberately allowed the coup story to fester for whatever reason.

“What is clear, however, is that the government is exploiting the coup story to divert attention from the real issues of misgovernance in the country and to curry sympathy. Even more significantly, subsequent unattributed media reports purportedly implicating unnamed politicians in the so-called plot now provide a pretext for the government to clamp down on opposition figures or mount undue surveillance on them.

“We understand that the APC government is desperate. But such desperation must never be allowed to endanger our democracy or undermine the democratic rights of citizens.

“The ADC therefore calls on the federal government to immediately clarify the true nature of the alleged coup. Government has a duty to decisively quash the swirling rumour. Conversely, if indeed there has been any such threat to national security, the government has a duty to be transparent about it and brief the nation accordingly.

“Government must desist from weaponising national security as a pretext to silence opposition and political dissent.
The ADC is resolute in its opposition to dictatorship of any form, whether military dictatorship or its civilian variant. We therefore support any legitimate action that may be taken in defence of our constitution and our democracy. In the same vein, we oppose any ploy by the government to intimidate legitimate voices under the guise of national security.”

The magazine reports that some military personnel were arrested recently by the federal government over an alleged coup plot against President Tinubu.

PDP Insists Nat. Secretary, Anyanwu Personally Signed Letter Informing INEC About Convention

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Senator Samuel Anyanwu

By Ayodele Oni

National Working Committee (NWC) of the Peoples Democratic Party (PDP) has insisted that the national secretary, Senator Samuel Anyanwu personally signed the letter to the Independent National Electoral Commission, (INEC), announcing the party’s forthcoming November national convention.

The party refuted claims of “signature forgery” that were brought forward by the party’s National Secretary, Senator Anyanwu.

Speaking on behalf of the NWC at a press conference held in Abuja on Monday, PDP National Publicity Secretary Debo Ologunagba asserted that Anyanwu personally signed several official letters, including the notification sent to INEC about the PDP’s convention, which is scheduled for November 15 and 16 in Ibadan, Oyo State.

The PDP insisted that the documents were signed just hours before the 102nd National Executive Committee meeting held on August 25, and this signing occurred in the presence of state governors, NWC members and others.

Ologunagba specified that the signing took place in the presence of key PDP figures, including:

Adamawa State Governor Ahmadu Fintiri

Bauchi State Governor Bala Mohammed

Oyo State Governor, Seyi Makinde

Osun State Governor, Ademola Adeleke

Zamfara State Governor, Dauda Lawal

Former Minister of Special Duties Tanimu Turaki

Former Senate President Bukola Saraki, “among others.”

Furthermore, Ologunagba noted that at the subsequent NEC meeting, Governor Bala Mohammed, who is the Chairman of the PDP Governors’ Forum, confirmed that all relevant letters, including the one to INEC, had been duly signed.

Anyanwu had written to both INEC and the relevant security agencies, disclaiming the document and insisting that his signature was criminally forged.

In a strongly worded letter dated October 15, 2025, and addressed to the Inspector-General of Police, Director-General of the Department of State Services (DSS), and the Chairman of INEC, Anyanwu said he neither signed nor authorized any correspondence relating to the planned convention.

“My attention has been drawn to the above titled official letter to the Independent National Electoral Commission (INEC) with Ref. No. PDP/DOM/GF.2/Vol. 1M/25 – 140 dated Monday, August 25, 2025 purportedly signed by me.

“Regrettably, the quoted letter was never signed, authorized or known to me. It is shocking to have a forged/cloned version of my signature on the letter

“I therefore, request that this criminal conduct by officers of the Peoples Democratic Party (PDP) and their collaborators within INEC be investigated and the culprits prosecuted.”