Politics

Tinubu’s source of wealth unknown; his govt looting billions from oil theft as hunger plagues Nigerians: Financial Times.

Published

2 years ago

July 20, 2024

“Tinubu must utilise all his political acumen to stem this theft,” FT wrote.

The Financial Times (FT) has raised significant concerns about President Bola Tinubu’s unexplained source of wealth, accusing his administration of looting billions through oil theft while millions of Nigerians suffer from hunger and poverty.

In an editorial published on Wednesday, the FT criticises Mr Tinubu’s disjointed policies, which have exacerbated the plight of tens of millions of Nigerians, pushing them further into poverty.

“Corruption must be confronted. It does not help that Tinubu’s own substantial wealth remains obscure, nor that his Minister for Poverty Alleviation was suspended over allegations of funds diversion, which she denies,” the FT argued.

It added, “It also does not assist that the state is implicated in the large-scale theft of oil, depriving the nation’s coffers of billions of dollars.

Tinubu must utilise all his political acumen to stem this theft.”

According to FT, instead of handing out bags of rice to Nigerians, what is needed is direct cash payments to people’s phones, the technology for which exists, and in the longer term, a proper safety net, which the state lacks the capacity or probity to administer.

In 2022, Peoples Gazette published a series of damning reports on how Mr Tinubu, who was Lagos governor between 1999-2008, corruptly enriched himself through questionable Lagos tax administration via Alpha Beta.

The newspaper also uncovered how Mr Tinubu’s Alpha Beta siphoned billions to shell companies.

FT’s critique follows the anniversary of Mr Tinubu’s first year in office on 29 May.

Previously, The New York Times had similarly reported on how Mr Tinubu’s policies have deepened poverty in Nigeria.

Last week, Senator Ali Ndume, a member of Mr Tinubu’s party, condemned the administration for its insensitivity to the suffering of Nigerians, describing it as being run by “kleptocrats”.

Ahmed Oluwasanjo and Abdul Ardo
© 2024 Peoples Gazette™ Limited.

Politics

INEC postpones nationwide voter revalidation until after 2027 elections

Published

4 hours ago

April 10, 2026

Ekwutos Blog

The Independent National Electoral Commission, INEC, has announced the postponement of the proposed nationwide voter revalidation exercise until after the 2027 General Election.

This follows a meeting with the Resident Electoral Commissioners, RECs, on Friday, April 10.

A statement signed by INEC’s National Commissioner, Chairman, Informationa and Voter Education Committee, Mohammed Kudu Haruna, said

“the voter revalidation exercise is a critical component of the Commission’s mandate to maintain a credible and up-to-date National Register of Voters.

It is designed to verify and review existing voter records, ensure the accuracy of personal data, eliminate duplicate and ineligible entries, and strengthen the overall integrity of the voter register.

The exercise also aims to provide an opportunity for registered voters to confirm their details and make necessary corrections where required.

INEC remains committed to the conduct of free, fair, credible, and inclusive elections.”

Politics

ADC Congress Ideato South: New Leadership Team Emerges

Published

10 hours ago

April 10, 2026

Ekwutos Blog

Following the just conducted ADC Congress, the African Democratic Congress (ADC) in Ideato South Local Government Area, Imo State, has announced its new leadership team. The team, led by Chairman Hon. Eze Chijioke, includes:

– Chairman: Hon. Eze Chijioke
– Secretary: Chief Duru Maurice
– Youth Leader: Mr. Obinwanne Okwara
– Woman Leader: Mrs. Anueyiagu Ogechi
– Organizing Secretary: Hon. Godian Egemba

The team is expected to lead the party to victory in future elections.

Politics

ADC Owerri Municipal Gets New Chairman: Hon. Success Opara Emerges Amidst State Leadership Tussle

Published

1 day ago

April 9, 2026

Ekwutos Blog

The African Democratic Congress (ADC) in Owerri Municipal, Imo State, has concluded its Local Government Area Congress, with Hon. Success Opara emerging as the new Chairman. The congress, conducted in all wards across Owerri Municipal, saw party faithfuls voting for Opara, who is expected to lead the party to victory in future elections.

However, there’s an ongoing leadership tussle within the Imo State ADC, with Chief Emmanuel Amushie claiming to be the authentic state chairman, recognized by the Independent National Electoral Commission (INEC). On the other hand, Prof. James Okoroma has also been declared the authentic state chairman by the national leadership of the ADC.

Furthermore the Independent National Electoral Commission (INEC) has removed the faction led by Prof. James Okoroma as the recognized leadership of the African Democratic Congress (ADC) in Imo State, as of April 9, 2026. INEC recognizes only the Amuchie-led Executive as the lawful and legitimate leadership of the ADC in Imo State.

The removal follows a Court of Appeal ruling directing parties to maintain the status quo pending the determination of a substantive suit before the Federal High Court. INEC has also suspended recognition of all leadership factions of the ADC until the court reaches a final decision.