Politics
Tinubu’s source of wealth unknown; his govt looting billions from oil theft as hunger plagues Nigerians: Financial Times.
“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
Accord Party Crisis Deepens As Another Governorship Candidate Emerges For Osun Polls
A faction of Accord Party has held its own governorship primary, where Mr. Clement Bamigbola emerged as the faction’s governorship candidate for the 2026 Osun State election.
This is coming just four days after the emergence of Governor Ademola Adeleke as the party’s flag-bearer.
Recall that the party under the leadership of Maxwell Mgbudem, on Wednesday, held a similar exercise which produced Governor Ademola Adeleke as the party’s candidate.
However, a faction of the party rejected his emergence, insisting that Barrister Maxwell Mgbudem is not the legally recognized national chairman of the Accord Party.
In a fresh development on Sunday, about 300 delegates of the Accord Party from across Osun State elected Bamigbola as the factional candidate during a primary held at Regina Suite, Osogbo.
Bamigbola emerged through a voice vote conducted by the delegates, after which the Chairman of the Primary Committee, Hon. Olufemi Ogundare, declared him the party’s candidate for the 2026 Osun State governorship election.
Politics
Tinubu, ECOWAS leaders meet in Abuja over Benin coup, regional stability
President Bola Tinubu and leaders of ECOWAS countries are currently meeting in Abuja.
The 68th Ordinary Session of the ECOWAS Authority of Heads of State and Government is taking place at the State House Conference Centre, in Abuja.
Leaders of West African countries at the meeting include President Julius Bio (Sierra Leone, ECOWAS Chair), President Patrice Talon (Benin), José Maria Neves (Cabo Verde) and Alassane Ouattara (Côte d’Ivoire).
Others are Adama Barrow (The Gambia), John Mahama (Ghana), Umaro Embaló (Guinea-Bissau), Joseph Boakai (Liberia), Bassirou Faye (Senegal) and Faure Gnassingbé (Togo).
The meeting is coming against the backdrop of five turbulent years for West Africa, which saw coups in Mali (2020, 2021), Burkina Faso (twice in 2022), and Niger (2023).
The latest incidents include an attempted coup in Benin on December 7, 2025, and renewed instability in Guinea-Bissau.
At the time of filing this report, details of the meeting are yet to be disclosed.
Politics
Breaking: Diri Orders Autopsy on Bayelsa Deputy Governor’s Death, Warns Against Politicisation
Bayelsa State Governor, Senator Douye Diri, has ordered an autopsy to determine the cause of death of the state’s Deputy Governor, Lawrence Ewhrudjakpo.
Governor Diri gave the directive on Saturday while receiving former President Goodluck Jonathan at the Government House in Yenagoa.
Reacting to the incident, the governor condemned what he described as widespread misinformation and speculation on social media, warning against any attempt to politicise the deputy governor’s death.
“I want to make an appeal. I have seen people politicise his death. In Ijaw land, there is no enmity in death. Let nobody politicise the passing of our dearly beloved deputy governor,” Diri said.
“If anyone truly loves him, this is the time to show it. I have directed that an autopsy be carried out to reveal the cause of his death. There is a lot of nonsense going on on social media.”
The governor further urged the public to focus on mourning and honouring the late deputy governor, noting that the state government had declared three working days of mourning in his honour.
“If anyone is issuing statements to eulogise him, let it end there. Let us mourn him because Bayelsa State is in a mourning mood,” he added.
Governor Diri also called for unity and love among the people, reminding them of the inevitability of death.
Speaking during the condolence visit, former President Goodluck Jonathan described the late Ewhrudjakpo as a committed and dedicated individual who played a key role in the activities of his foundation.
“For me, he was someone my foundation and I will never forget. He represented the governor in all our programs,” Jonathan said, adding that Ewhrudjakpo worked tirelessly in that role, even more than when he served as deputy governor.
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