Grumbling about banks’ profit is a favourite Nigerian pastime that gets louder and louder in the first quarter of the year when their financial performance for the previous year is announced. But lately, the grumblers have shifted attention to bank charges, with some arguing that the lenders are too profitable and should waive these deductions from customers’ accounts. ‘’How do the banks make so much profit while the rest of the economy is collapsing?’’; ‘’Banks are stealing from their customers through dubious charges;’’ and ‘’Let’s boycott Bank XYZ…’’ are some of the commonest protestations.

On Wednesday, May 14, The Guardian published an article with a rather ghoulish title, ‘’The blood profits of Nigerian banks’’, written by Dr. Emmanuel Owhoko, identified as a public policy analyst, author and journalist. The piece drips with obvious irritations about banks’ ‘’growing quest for abnormal profits through use of arbitrary charges, devoid of empathy for emotional state of customers’’. It suggests that bankers are just a lazy bunch that does nothing other than to debit customers’ accounts and convert the proceeds into huge profits. But the essay is based on ignorant assumptions and poor knowledge of the operations of banks. As a former banker, I feel compelled to intervene in a very simple manner.

First, why do banks make so much profit? The reason is simple. Their unique role and peculiar functions confer on them some advantages that other industries don’t have. A typical bank sells a wide range of services to millions of customers every day and night, including weekends and public holidays. Such a business will most likely be profitable unless it is mismanaged. A top tier Nigerian bank has millions of customers (Access Bank has over 60 million, for example) and each of these customers has one thing or the other to buy from their bank. Even if you have a savings account from which you rarely make withdrawals, your bank is making money off you by lending your money at a higher interest rate than it’s paying you. It’s called financial intermediation; and it’s the main reason a bank exists and the core source of its income.

In addition to lending (and there are many types of it), banks also offer a wide range of other services such as financial advisory; wealth management; investment banking; foreign exchange services, etc, to millions of its customers and get paid for them. In some cases, a bank is part of a holding company that offers a lot more varied and diversified services such as insurance; pensions; fintechs and payments. It therefore follows that almost every adult person, including students, is in a regular need of one banking service or the other. Such inevitability offers the industry unique benefits that can only translate onto profits.

Unlike a manufacturing business, a bank does not import raw materials; has no complex machines and conveyor belts that break down; does not pay customs and excise duties for spares and inputs and does not deal with the problems of unsold goods, huge inventory costs and products recall. The peculiarity of banking business and its inherent advantage became clearer last year. While many Nigerian manufacturers with dollar-denominated loans suffered huge losses due to Naira depreciation, banks actually recorded fat gains from their massive dollar holdings.

A bank simply makes the bulk of its revenues from financial intermediation – taking money from the surplus side and giving it the deficit side with a margin. So, consider a bank with a loan book of N500 billion at an average interest rate of 20%. How much interest income is that? There is no business as lucrative as money lending, right from history; and there’s no reason for a bank not be profitable, unless it is mismanaged. But banking is also a very risky business (actually, the technical name for a loan is ‘’risk asset’’) with its own peculiar challenges. Many banks, including some very big ones overseas have failed. Nigeria has also recorded many cases of bank failures. One bad loan can almost sink a bank. This is why it is a highly regulated industry.

Dr. Owhoko writes in his article which I referred to earlier: ‘’Implicitly, these charges constitute huge burden on the average bank customer who contends daily with depletion in his or her account balances. Corporate customers or businesses are also not spared from these questionable charges that have become a drain on the balance sheet of companies’’. A bank is a commercial and profit-oriented business whose services and activities are well regulated. A bank must stay profitable, safe, sound and stable. To that extent, Banks and other Financial Industry Act (BOFIA), the law that guides banking businesses, stipulates that all services provided by a bank must be paid for by the customer. In other words, there’s no free lunch in the banking hall. A customer - whether corporate or individual – should never expect to obtain free services from a bank. The charges that Dr. Owhoko and many others complain so stridently about are just the cost you pay for the services your bank renders to you.

I often wonder why the same people who whine about bank charges are eager to pay various telecommunications charges; cable TV subscription; dry cleaning bills; air tickets; restaurant bills and other sundry obligations without complaints, but are quick to bicker over bank charges. Are banks charity organizations? Don’t they understand the risks involved in keeping trillions of customers’ deposit safe? If you think that bank charges are too high, you may wish to consider keeping your money at home and watch it grow!

A bank provides the safest and most reliable place to keep your financial treasures. But it comes with huge costs to the banks. Charges on customers’ account are therefore meant to help offset these costs so that the banks could continue to operate in a safe, sound and stable manner. The idea that these charges, which are typically in small amounts, are the main sources of banks' profit is erroneous. Banks make the bulk of their income from interest earned on loans, investments and other assets. Minor debits like account maintenance fees and SMS charges constitute a small portion of the bottom line.

Nigerian banks should be commended for their important roles in the economy. They provide funding for big and small businesses like Dangote Industries; the airline industry; manufacturing sector; public sector and even small businesses like schools; restaurants or a corner shop. Instead of bellyaching over minor charges, Nigerians should ask their governments to provide security, stable electricity and adequate infrastructure that banks spend so much to provide.

Etim, a retired banker, is the publisher and editor-in-chief of Policy and Politics

President of the Senate, Godswill Akpabio has successfully concluded another phase of empowerment initiatives and projects commissioning in the Akwa Ibom Northwest Senatorial District.

The events, which began Friday, May 16th came to an end on May 18 with projects commissioned in Abak, Ikot Ekpene, and Essien Udim Local Government Areas, with Constituents benefitting from projects facilitated by Akpabio.

In Abak council Area, Senate President Akpabio commissioned several projects, such as roads, ICT Centers, classroom blocks, ultra-modern markets, police stations among others.

The Chairman of Abak Local Government Area, Ime Charles, and the Akwa Ibom State Commissioner of Police, CP Baba Azare, expressed their delight and gratitude for the impactful developments.

In Ikot Ekpene, the Senate President commissioned a one storey 12 classrooms block at State College, Ikot Ekpene among other projects located in the area.

The final stop was Essien Udim LGA, where Senator Akpabio commissioned life-changing projects like health centers, ultra modern markets, classroom blocks, ICT hubs, roads, and a police station in Nto Nsek Village.

The Chairman of Essien Udim Local Government Area, Hon. Ntiedo Usoro, alongside CP Baba Azare, once again conveyed their appreciation for the Senator’s dedication to community development.

The three-day tour represents the second phase of empowerment for the people of Akwa Ibom North West Senatorial District, in fulfilment of his campaign promises to his Constituents in 2023.

Jackson Udom,
Special Assistant, Media To The President Of The Senate

In today’s Nigerian church, particularly within Pentecostal circles, the phrase “Born Again” has been reduced to a tired cliché, frequently declared but deeply misunderstood. For many self-acclaimed ministers of God, being born again is nothing more than quitting smoking, dropping the bottle, and walking away from illicit affairs. They flaunt these changes like badges of spiritual honour, parading them as the ultimate evidence of salvation.

But let us be clear:”Born Againism” is not behaviour modification, it is heart transformation. The idea that one can claim spiritual rebirth just by avoiding a few visible vices is not only misleading, but it also trivializes the profound message of Jesus Christ. The Saviour did not endure Calvary just so men could stop smoking and drinking. He died to radically change the heart of man, not merely his habits.

Too many self-proclaimed ministers preach a gospel of surface-level change. To them, being born again means looking “clean,” praying loudly, dressing modestly, and shouting “Hallelujah” at every opportunity. Their sermons obsess over alcohol, trousers, hairstyles, and nightclubs, while ignoring the weightier matters; pride, corruption, bitterness, tribalism, and greed. These ministers major in the minors and overlook the transformative depth of genuine salvation.

Let us not forget the words of Jesus in John 3:3, when He said to Nicodemus: “Except a man be born again, he cannot see the kingdom of God.” That is not a call to switch from cigarettes to chewing gum. It is a divine mandate for spiritual rebirth, one that breaks the old nature and births a new creation entirely. As Paul affirms in 2 Corinthians 5:17: “If any man be in Christ, he is a new creature: old things are passed away; behold, all things are become new.”

The tragedy is that many pastors who shout about abstinence are themselves drowning in spiritual filth, manipulating congregants, hoarding wealth, engaging in tribal politics, and nursing unforgiveness. Some of them would not touch alcohol but would not hesitate to break a home or exploit the vulnerable. What hypocrisy!

Jesus warned about this kind of religious pretense in Matthew 23:25-26: “Woe to you, teachers of the law and Pharisees, you hypocrites! You clean the outside of the cup and dish, but inside they are full of greed and self-indulgence.”

That warning might as well be addressed to today’s spiritual showmen, those who abstain from wine but are intoxicated with power, who avoid women but seduce followers with false prophecies and manipulated dreams. They have replaced the authentic gospel with a hollow performance.

Let us face it: even cultists and scammers can quit alcohol and womanizing. Some do it to maintain their edge. But salvation is not about changing habits for convenience; it is about changing allegiance, from self to Christ, from darkness to light.

In Nigeria, the “born again” label has become cosmetic. It is more about how you dress, how you sound when you pray, and whether you attend vigil or not. We now judge spirituality by appearance, not by fruit. Meanwhile, those who carry Bibles to the office still inflate contracts, collect bribes, and treat subordinates with disdain.

Some pastors go as far as policing appearances, monitoring skirt lengths and makeup shades, yet remain silent about gossip, unforgiveness, tribal hate, and political compromise within their own ranks. Is this the gospel of Christ or a man-made religion that only targets what the eyes can see?

If being born again does not affect how you treat your spouse, how you handle money, how you conduct business, or how you lead others, then you are not born again, you are just well-behaved.

It is time to confront self-acclaimed ministers of God and call them to accountability. The gospel must not be reduced to a three-point checklist of “I don’t smoke, I don’t drink, and I don’t womanize.” That is religion, not regeneration. That is morality, not spirituality.

Born againism must touch every sphere of a person’s life: how you think, how you forgive, how you speak, how you handle authority, and how you respond when no one is watching. It must reflect in your politics, your business, your family, and your daily conduct. Anything less is a poor imitation.

Philippians 2:5 charges believers: “Let this mind be in you, which was also in Christ Jesus.” That is the ultimate benchmark. Not what you quit, but who you have become.

To every pastor and preacher who thinks abstaining from beer and sex makes one born again: you are leading people into deception. Preach Christ, not cosmetics. Teach transformation, not tradition. Point people to the cross, not a code of conduct.

Born againism is a divine encounter, not a checklist. It is time to return to the true gospel, deep, sincere, and life-altering.

And to the man or woman who claims to be born again yet is still full of pride, bitterness, and hypocrisy: stop fooling yourself. Real salvation changes the heart, not just the habits. So, let the Church wake up, and let the ministers stop lying to themselves.

Greatness started in the realm of human creation in eight stages of human development, according to ego psychologist Erik Erikson: a form of ascending from being an infant to toddlerhood to preschool years to early school years to adolescence to young adulthood to middle adulthood to late adulthood. I could imagine how the growth of a child will turn out to be great if it is not the assemblies, interactions, continuous learning (thorough and compendious), and affections both covert and overt. This is the citadel that a man called Dele Momodu spurted from; his journey into the rise of success cannot be underestimated with the level of dedication, diligence, dutifulness, and hard work. His interpersonal relationships are superb and imbued with a high sense of humility as he celebrated his 65th birthday last week with encomiums showering on him from friends, families and well-wishers all over the world.

Dele Momodu mounted the ladder of greatness with consistency and tenacity from his mother’s advice that he should not give up, from being a graduate of Yoruba language at the University of Ife (now Obafemi Awolowo University) to obtaining a master’s degree in English Literature, growing up to establish his own brand of magazine and newspaper, proving the golden word of an adage that says a child who knows how to wash hands will eat with the elders.

One unique relationship that paved the way for Dele Momodu is that of Chief Moshood Kashimawo Olawale Abiola (MKO) that was both professional and deeply personal, rooted in shared ideals and a commitment to Nigeria’s democratic future. Ovation Magazine’s dream started when Momodu began his journey with MKO in 1988 when he joined the Concord Group of Newspapers, owned by Abiola. He started as a staff writer for African Concord magazine; Momodu quickly soared through the ranks, becoming the pioneer staff of Weekend Concord and later its news editor. His dedication and editorial prowess secured him the position of literary editor at Classique, a celebrity magazine owned by May Ellen Ezekiel, making him one of Nigeria’s highest-paid editors at the time.

This brings the deeply personal and transformative story about a life-changing experience he narrated in the midst of his friends that Chief Moshood Kashimonwo Abiola ordered him to visit him in his home through a call from his godfather, Chief Alex Duduyemi, who sensed his distress in London. He was on the brink of suicide due to financial despair and personal struggles when driving aimlessly in London, overwhelmed by a sense of failure. This timely intervention led to a profound conversation that helped him regain hope and purpose. And surprisingly, MKO gave him a cheque for 4,000 pounds in a banter exchange with Bashorun and asked him, ‘Can’t you put a signature on the thigh of a woman?’ The statement that changed his life is ‘Daddy, I don’t have money’. In 1991, it was a huge sum of money for the Ovation Magazine boss; he utilised it wisely to form his empire that upstaged the relevance in the world at large. Momodu described his emotional reaction to this act of kindness, highlighting Abiola’s generosity and the profound impact it had on him. These stories not only shed light on Dele Momodu’s personal journey but also underscore the themes of resilience, divine intervention, and the profound influence of mentorship and generosity in shaping lives.

Dele Momodu and Buhari

One crucial attraction you cannot keep off Akinrogun of Gbonganland is the testimony Sextus gave Marcus Aurelius in his book Meditations that “To show intuitive sympathy for friends, tolerance to amateurs and sloppy thinkers. His ability to get along with everyone: sharing his company was the highest of compliments, and the opportunity an honour for those around him.” Apollonius’ admonition in the same book is “to have learnt how to accept favours from friends without losing your self-respect or appearing ungrateful”. This is why you will see Momodu as a centre of attraction to the world of politicians, business moguls, celebrities, and monarchs.

Dele Momodu is widely recognised for his ability to maintain relationships across Nigeria’s complex political landscape. His network includes influential figures from various political parties and ideologies, and he has often been seen navigating these differences with a combination of tact, diplomacy, and a commitment to national unity. As a media icon in Africa, for promoting African excellence and culture, his work has helped in bridging the gap between Africans in the diaspora and those on the continent, making him one of the most respected figures in Nigerian media and public life.

Dele Momodu and Tinubu

Dele Momodu has paid his dues to journalism; may politics pay him too!

Temitayo writes from Benin City, Edo State Capital

In an era where public service is often clouded by inefficiency and distrust, Professor Is-haq Olanrewaju Oloyede’s leadership at the Joint Admissions and Matriculation Board (JAMB) stands as a powerful testament that honesty and competence can—and must—coexist in public institutions. His tenure exemplifies what it means to lead with integrity, purpose, and a deep sense of accountability to the public good.
The erudite Professor and a former distinguished Vice Chancellor is widely regarded as a no-nonsense administrator, known for his principled leadership and commitment to institutional reform. This reputation was recently reaffirmed in his candid response to the widespread complaints over the 2025 UTME results, where he openly acknowledged that technical glitches had negatively impacted some candidates’ scores. In a nation where denial and blame-shifting are too often the norm, his public admission of fault was a rare and commendable act of leadership.

Servant Leadership in Action
By accepting responsibility and offering a public apology to parents and students, Prof. Oloyede demonstrated the core attributes of servant leadership: humility, transparency, empathy, and a commitment to continuous improvement. Leadership, after all, is not only about achieving results but about lifting others in the process. As the saying goes, “A man of success achieves his goals, but a man of significance changes his world.” Prof. Oloyede belongs firmly in the latter category.

Leadership Tested in Crisis
The true test of leadership is not how one responds to praise, but how one navigates dissent and adversity. In addressing the UTME controversy head-on during the press briefing of May 14, Prof. Oloyede modeled what it means to listen, communicate transparently, and act in the public interest—even when it is uncomfortable to do so. That is leadership rooted in integrity, not image.

Institutional Strength Begins with Personal Character
Reflecting on leadership as a learned skill, I believe one of its most essential components is the ability to align an organization’s vision with the deeper needs of its people. It requires self-awareness—knowing one’s strengths and limitations—and the courage to confront uncomfortable truths. Prof. Oloyede’s example shows that strong institutions are built on the shoulders of individuals willing to lead with truth, humility, and resolve.
As we strive to rebuild Nigeria’s institutions, let his leadership serve as a benchmark. We must hold our public officials to higher standards—where honesty is not seen as weakness, but as the cornerstone of public trust.

A New Era of Accountability
The attributes of Prof. Oloyede embodies—a developmental mindset, openness to feedback, and rejection of entitlement—are becoming increasingly critical in the face of rising demands for public sector accountability. Nigerians are no longer willing to accept mediocrity or self-serving leadership. There is a growing call for a culture shift—one that values service over status and people over power.

The Call for a Revolution of Values
With the benefit of hindsight, one truth stands out: we need a radical transformation in both mindset and systems. This brings to mind the prophetic words of Rev. Dr. Martin Luther King Jr., who in his 1967 speech Beyond Vietnam, called for a revolution of values:

> “We must rapidly begin the shift from a thing-oriented society to a person-oriented society. When machines and computers, profit motives and property rights are considered more important than people, the giant triplets of racism, extreme materialism and militarism are incapable of being conquered.”

He went on to challenge us to go beyond charity—to restructure the systems that perpetuate inequality and suffering:
> “True compassion is more than flinging a coin to a beggar. It comes to see that an edifice which produces beggars needs restructuring.”

Towards a New Nigeria
This message remains deeply relevant to Nigeria’s current realities. Institutions matter. And when they are led by men and women of vision and values, they become agents of transformation. Prof. Oloyede’s example is not just an exception—it should be the new expectation.
Let his courage and candor remind us that a better Nigeria is not only possible—it is achievable. But it begins with each of us demanding and exemplifying a higher standard of leadership, service, and integrity.

A New Nigeria is Certainly Possible

The former presidential candidate of the Labour Party, Peter Obi, has warned against giving ethnic colouration to his visit to Rome on Sunday.

Naija News reported that Obi was in Rome to participate in the inauguration of Pope Leo XIV on Sunday.

Obi at the event exchanged pleasantries with President Bola Tinubu. His exchange with Tinubu in Rome has raised political opinions from his supporters and supporters of Tinubu.

On his ? handle on Monday, the former Governor of Anambra State urged Nigerians and leaders to imbibe the message of Pope Leo XIV.

He said: “I have just returned from the Vatican, and it was a deeply solemn and reflective visit. My participation in the inauguration ceremony was in line with my previous witnessing of inaugurations, swearing-ins, and official ceremonies across the world, this was no exception. Such occasions carry profound moral and spiritual significance. This was never a political event and should remain untouched by politics. Some moments are best reserved for quiet contemplation.

“After the inaugural Mass, I did not attend the Papal Audience and therefore did not have the opportunity to meet the Holy Father personally. That honour was reserved for heads of state and accredited diplomats. For those who desire such an encounter, the Papal Audience continues traditionally.

“What should truly command our attention, however, is the content and moral force contained in the Pope’s homily, particularly his urgent call to fight poverty and promote a spirit of brotherhood that transcends ethnic, political, and religious boundaries. The deeper meaning of the gathering lies not in ceremonial gestures, but in whether those present internalised his message and will return with the resolve to act.

“The fight against corruption is the essential first step toward building societies where resources are directed to what truly matters – education, healthcare, poverty alleviation, and infrastructure. These should be our major concern and the lasting message we carry home from the Vatican. May we, in whatever station we occupy, rise to the task of building a more just, compassionate, and prosperous nation.”

[NaijaNews]

Dr. Mubark Mahmud PhD, an environmental researcher originally from Kano State and now residing in France, has developed a groundbreaking technique for measuring tree height, now recognised as the “Mahmud Method.” This method has been integrated into the M-Tree software, utilised by universities across France for assessing tree height and diameter.

The innovation was officially launched at Université Paris-Saclay on 30 April and has been published in the journal Smart Agricultural Technology, with plans for incorporation into educational curricula in various institutions. There are also intentions to enhance the research through Artificial Intelligence.

Alhaji Aliko Dangote, Africa’s prominent billionaire businessman, praised Dr. Mahmud during a convocation ceremony at Aliko Dangote University of Science & Technology, Wudil, noting his achievement as a significant honour for Kano State and Nigeria. He stated, “Kano should take pride in Dr. Mubarak’s invention of a tree height measurement device, which has been officially endorsed by the French government.”

Dr. Mahmud’s device employs advanced technology for precise tree measurement, providing a more efficient approach to environmental monitoring and forest management, underscoring the value of supporting local talent in advancing scientific progress.

[Leadership]

Barcelona goalkeeper, Wojciech Szczesny, has told his teammate, Robert Lewandowski, not to give up on winning the LaLiga Golden Boot.

Lewandowski has netted 25 times this season and trails with three goals behind Real Madrid superstar, Kylian Mbappe, who leads with 28.

The Blaugrana have already claimed the La Liga title with their 2-0 win over Espanyol to complete a domestic treble under coach Hansi Flick.

Szczesny spoke during celebrations for their title. He said to Barca One via GOAL, “All that’s left is for Robert to win the Pichichi. Don’t worry, there’s two games left for Lewy to overtake Mbappe.”

Lewandowski failed to add to his tally when Barcelona lost 3-2 to Villarreal on Sunday.

The Polish marksman is now left with the final matchday against Athletic Club on May 25 to score at least four goals.

He will, however, hope that Mbappe, who has been unstoppable in his debut season for Los Blancos, does not add more goals to his 28 league tally.

[DailyPost]

Lofty promises allegedly by the Presidency and the national headquarters of the All Progressives Congress (APC) are some of the reasons why legislators, high ranking elective office holders and chieftains of other political parties are defecting to the ruling party, Daily Trust learnt.

In most of the instances, the defectors cite internal party wrangling or performance of the ruling government as reasons for dumping their political parties, under whose backs they rose to power.

Though political defections are not new in Nigeria’s democratic landscape, the rate and scale at which they have swept through the ranks of the opposition in recent months—less than two years into President Bola Ahmed Tinubu’s administration—have triggered growing concerns.

Many observers are now questioning the motives behind the wave of cross-carpeting, especially amid worsening economic conditions.

These concerns have been amplified by the belief that, given the severe economic crisis following President Tinubu’s removal of fuel subsidy and the devaluation of the naira, and the worsening security situation, opposition leaders would rally together to present Nigerians with a viable alternative ahead of the 2027 general elections.

Yet, instead of strengthening the coalition efforts championed by former vice president and 2023 Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, the reverse has been the case.

Apart from the defection of the former Kaduna State governor, Nasir El-Rufai and a few others from the ruling APC to the Social Democratic Party (SDP), which is being touted as the potential vehicle for the coalition, the APC has been harvesting defections from the PDP and other opposition parties at an alarming rate.

The gale of defections has permeated the political terrain as already a serving governor has moved to the APC and others reportedly only marking time.

Besides, many legislators at the national and state levels have moved to the APC, while the number of ex-governors, deputies, former legislators, among others has continued to swell.

But beyond citing the problems in their parties, Daily Trust learnt from multiple sources that some of the defectors were allegedly approached with mouth-watering offers to defect.

The essence, according to our sources, is to improve the chances of President Tinubu to get a second term in 2027.

The carrots being offered

There are allegations that a lot of money is being shared to opposition politicians especially in the Senate and House of Representatives to defect to the APC.

The allegation is the same against some politicians seen as powerful in their constituencies even though they don’t hold any political office, either elective or appointive.

Daily Trust could not independently verify this claim, as the presidency, the APC and those who have defected have denied the allegation.

Besides alleged financial inducements, there are accusations that most of the legislators that have defected so far have been assured of automatic ticket to return to the National Assembly in 2027, irrespective of how long they have been in the hallowed chambers, or the level of their performance.

It was suspected that the same offer has been made for some first-time governors from the opposition parties.

So far, only the governor of Delta State, Sheriff Oborevwori, has dumped the PDP, under whose back he rode to power in 2023, and joined the APC.

It is not clear whether the remaining opposition first-term governors would defect to the APC or not, but the actions and utterances of some of them showed that they are favourably disposed to what President Tinubu, and by extension the ruling party, are doing.

The first-time governors include Alex Oti (Labour Party, Abia), Umo Eno (PDP, Akwa Ibom), Peter Mba (PDP, Enugu), Abba Kabir Yusuf (NNPP, Kano), Caleb Mutfwang (PDP, Plateau), Siminalayi Fubara (PDP, Rivers), Agbu Kefas (PDP, Taraba) and Dauda Lawal (PDP, Zamfara).

Specifically for legislators at the National Assembly who are popular in their states, it was alleged that they are also being wooed with multi-billion naira projects, in addition to promises for automatic tickets for return.

But when contacted, some of them denied the allegations while others refused to talk at all. In retrospect, many of them during the announcement of their defections alleged that their former political parties were incurably enmeshed in crises and they have no option but to move on to the APC.

For instance, Senator Kawu Sumaila, who represents Kano South in the Senate under the New Nigeria People’s Party (NNPP), is one of those who recently migrated to the APC.

Soon after his defection, rumours were rife that he defected to the ruling party because he was given a project worth over N90 billion to reactivate some dams in Kano under the Ecological Fund.

When asked during an exclusive interview with the Daily Trust to comment on this allegation, Kawu Sumaila said the projects approved for his senatorial zone were true, but that they were awarded long before he and other legislators from Kano defected to the APC.

He also said there was no any condition attached to their movement to the APC or the dam projects in question.

He added that the contract, which was approved by the federal government to the tune of over N90 billion, was not influenced by him alone, or awarded directly to him, saying they worked together with some members of the House of Representatives to attract the project.

“We influenced it (the constituency project) for our people. I am not a journalist. I am a representative of the people. I made promises during my campaign—one of them being to revitalise the agricultural and irrigation systems in Kano South. Our region has three major dams—Tiga and Challawa among them—which are among the largest in West Africa. These dams even support irrigation in parts of Kano Central, Yobe, Bauchi, and up to Maiduguri.

“For instance, Challawa in Karaye has been idle for 34 to 35 years after its completion. Reactivating it would impact at least 30,000 people.

“So, as a responsible representative, should I reject that kind of opportunity just because of political party differences? Should I say no to a project that benefits my people simply because of alphabetical differences in party names?” he asked.

In Katsina State, the only three members of the House of Representatives elected on the platform of the opposition PDP have defected to the ruling APC.

They are Hon. Salisu Yusuf Majigiri, representing Mashi/Dutsi federal constituency; Abdullahi Balarabe Dabai, representing Bakori/Danja, and Hon. Aliyu Ilyasu, representing Batsari/Safana/Danmusa federal constituency.

Both Dabai’s and Ilyasu’s phone numbers seem to be on call forwarding for days, such that they could only receive calls from the numbers they have saved. And the messages of inquiry sent to them yesterday on the allegations that they were influenced with either financial inducement, contracts, or automatic tickets, were not replied as at the time of filing this report.

For Hon. Majigiri, who picked up his call yesterday, he said he was about to collect his membership card of the APC at his political ward and would not be able to respond to the inquiry.

However, a former PDP ward chairman, Manawa ward of Batsari Local Government Area of Katsina State, Sani Muhammad popularly known as “I know”, told our reporter that he dropped his leadership position in the APC and defected with his house member.

“Actually, he (Hon. Ilyasu) defected to the APC before even consulting us, but the moment he called me to intimate me about the move, I decided to move with him, so I defected also.

“It is indeed the crisis in the PDP, especially in Katsina State, that forced him to leave.  He is not the kind of person who likes crisis. We have not heard of any inducement, but we know that the APC were calling them to join them, so he decided to join,” he said.

In Kebbi, prior to the defections of Senators Adamu Aliero, Dr. Yahaya Abdullahi and Musa Mai Doki to the APC at the floor of the Senate Chambers in Abuja, plans for their movement started last year in Birnin Kebbi when Senator Aliero nominated some known political figures considered as his foot soldiers to dialogue with the APC-led administration under Governor Nasir Idris on alleged sharing formula for elective and appointive offices.

The group, led by his junior brother, Alhaji Abba Aliero, had met with Governor Idris and other APC chieftains at the Government House chambers in Birnin Kebbi where they discussed the modalities for their defection to the ruling party.

After coming out of the meeting, Abba Aliero said they were invited for a tete-a-tete, and the public would be informed of whatever decision was reached later.

He said “We, the supporters of Senator Aliero were summoned to a friendly discussion with His Excellency, Governor Idris, which we obliged. We sought for time to return to our constituencies for further consultations with our grassroots supporters before deciding on the best course of action.”

On his part, Dr Yahaya Abdullahi has been in the Senate since 2015. Up till the time of filing this report, Dr Abdullahi has not responded to calls to comment on the alleged reasons why he defected to the APC.

However, Abdullahi had earlier offered a more nuanced rationale for his defection. He recalled his resignation from the APC in June 2022, when he also stepped down as the 9th Senate Leader, following political disagreements in his state.

According to him, those disagreements had since been resolved under the current Kebbi governor’s leadership.

“For me, this is a homecoming. It is also politically imperative that I join President Bola Tinubu,” he added.

In Zamfara, there are allegations that the likes of Senator Ikra Bilbis, who represents Zamfara Central in the 10th National Assembly on the platform of the Peoples Democratic Party (PDP), would defect.

But in an interview with the Daily Trust, Senator Bilbis debunked the claim even though he admitted that he had succeeded in attracting projects to his people under the Tinubu administration.

“I’m not one of them (defectors). I’m not thinking about that. That’s not my priority,” he said.

When asked if he had attracted any project to his senatorial district, he said, “Of course. Have you forgotten? Recently, my bill has passed; it has gone through all the legislative processes from the Senate to the House of Representatives, and Mr President has even assented to the bill. That is the establishment of the Federal University of Health, Science and Technology.”

But when told that there were allegations that these are some of the things that the president is using to induce legislators, he said, “No. To be honest with you, to be fair to him, he has not even seen me.”

Rep. Adamu Tanko representing Suleja/Gurara/Tafa of Niger State, who defected from the PDP to the APC, denied being promised anything in return for his defection. He said it was out of his personal conviction and what he thought was the best for his people.

Rep. Tanko defected earlier in March alongside Rep. Husseini Mohammed Jallo, the member representing Igabi Federal Constituency of Kaduna State, who also joined the APC.

Rep. Tanko who spoke to Daily Trust over the phone on Sunday, said, “There was no promise of anything. There was none.”

Similarly, Donatus Matthew representing Kaura federal Constituency of Kaduna State, who dumped Labour Party (LP) for the ruling APC in February, also dismissed purported reports about enticing him with automatic ticket or any other thing by the ruling party.

The lawmaker, who also spoke to our reporter on phone, on Sunday, said the reports were mere political speculations. He told our reporter to contact the leadership of the ruling APC about whether or not there was any promise.

“Please, ask the leadership of the APC. That is the best place to get the answer to what you are asking. Thanks you,” he said.

It could be recalled that as at last week, 30 members of the House have defected since the inauguration of the 10th Assembly.

Out of the 30 that defected, 27 left the PDP, Labour Party (LP), African Democratic Congress (ADC), and the NNPP and joined the ruling APC while one left LP and joined PDP. Two left LP and joined APGA.

There’s no coercion – Senate leader

Amid the backlash trailing the gale of defections, particularly the fears of a creeping one-party state, Senate Leader Opeyemi Bamidele, dismissed claims that the APC was coercing or inducing opposition lawmakers to defect.

Bamidele insisted that the decisions were voluntary and motivated by the spirit of national unity.

He described the senators’ defections as an act of patriotism and a necessary step toward building a cohesive front to address Nigeria’s deepening economic and security challenges.

“This is the time for all of us to work together to take Nigeria to the next level,” he stated, urging political actors to eschew grandstanding and focus on collaborative governance.

Bamidele also pushed back against the narrative that the APC was plotting a one-party state, maintaining that the defections should rather be seen as an alignment of political forces toward a government of national unity, not an attempt to suffocate the opposition.

His comments, however, have done little to calm fears among critics and civil society organisations who insist that the pattern of defections, coupled with statements by APC leaders such as Ganduje, reflect a broader agenda to entrench the ruling party’s dominance ahead of the 2027 polls.

They’re moving to realise their ambitions – APC

Contacted for a response to the allegations, the APC National Director of Publicity, Bala Ibrahim, told Daily Trust yesterday that the defectors were joining the ruling party to realise their political ambitions.

He said those who defected to the ruling party felt they couldn’t achieve their ambitions in their former parties, stressing that APC has done no wrong in providing them the platform to thrive.

Ibrahim, who challenged those making the allegations to provide proof, said “People go into politics for a purpose, and in achieving that, you look for the right vehicle to convey you.

“If you get that vehicle, you won’t care or worry about how you get there; the most important thing is to actualise your dream through that vehicle.

“If the APC is providing the platform for them to actualise their ambitions, I don’t see anything wrong with that in politics. People change camps in politics.

“If you are in a camp where you feel your vision will be frustrated, where you feel there won’t be a level-playing field, you move to where there is going to be democratic demonstration of a level-playing field. That is the purpose of politics,” he said.

Villa mum

The Presidency is yet to comment on the latest allegations of inducing politicians to defect.  Efforts to reach out to Bayo Onanuga, the Special Adviser to the president on Information and Strategy were not successful as he was said to be in Rome.

Also, the Special Adviser to the President on Policy Communication, Daniel Bwala, could not be reached, and he was yet to respond to a WhatsApp message sent to him.

Earlier in April, the presidency had denied pushing for a one-party state, insisting that defections were voluntary.

It insisted that democracy under President Tinubu remained vibrant and unthreatened.

In a statement titled “Democracy Strong and Alive in Nigeria,” Onanuga rejected accusations that the Tinubu administration was edging towards authoritarianism through an orchestrated wave of defections.

Reaching out to second-term govs?

Daily Trust also learnt that the support of first-time governors and those who are serving their second term, irrespective of party leaning, is also being sought after, considering their control of party structures in their states, among other advantages.

But a source said the APC-led government is not actually fixated that the governors should be lured to its fold.

“As we all know, the ultimate goal is for the APC to have the majority of votes, especially in the presidential election during the next election. Therefore, the other kite that is being flown by those pushing for the Tinubu second-term bid is for the first-time governors to give a serious commitment that they would support the president to win.

“Once they keep to their words, they would also be supported in different ways to win their second term. This could be through big federal government projects through the budget or other interventions.

“They would be given the right of first refusal by the party. It is almost the same thing with the legislators. They would be supported through various means to win their primaries and the main election,” he said.

On second-term governors, another source said, “Even though most of them might not want to defect at this time, they, nonetheless, want to remain relevant in the scheme of things.”

“While some of them would like to go to the Senate, others would not want to be disturbed with questions after leaving office on May 29, 2027…So, the kite being thrown at them is to support the APC project so that at the end of the day, it will be a win-win situation,” the source said.

The second-term opposition governors are Ahmadu Umaru Fintiri (PDP, Adamawa), Bala Mohammed (PDP, Bauchi) and Seyi Makinde (PDP, Oyo).

Second-term governors who are members of the APC are Babajide Sanwo-Olu (Lagos), Dapo Abiodun (Ogun), AbdulRahman AbdulRazak (Kwara), Abdullahi Sule (Nasarawa), Muhammad Inuwa Yahaya (Gombe), Babagana Zulum (Borno) and Mai Mala Buni (Yobe), amongst others.

First-term governors who are members of the APC includes but not limited to Ahmad Aliyu (Sokoto), Dikko Umaru Radda (Katsina), Hyacinth Alia (Benue), Umar Namadi (Jigawa), Francis Nwifuru (Ebonyi), Uba Sani (Kaduna), Bassey Otu (Cross River), Nasir Idris (Kebbi) and Umar Bago (Niger)

Govs not under duress – Gombe gov

When contacted by one of our correspondents on whether they were influenced by President Tinubu or the National Chairman of the APC, Dr. Abdullahi Umar Ganduje, the Chairman of Northern Governors Forum and governor of Gombe State, Inuwa Yahaya, who commented through his spokesman, Ismaila Misilli, said there is no governor that is under pressure from any quarter.

“Our governor, who is the chairman of the northern governors and a strong member of the APC, has said it again and again that they are not under any influence,” he said.

“He has told the BBC in a recent interview, and I want to repeat what he said. Yes, big wigs are defecting and they would continue to defect to our party because of the good work we are all doing at the state level and at the national level.

“There is no directive or suggestion from the presidency for the governors to forcefully influence the defection of anybody. And there is no arrangement that the governors would be supported to have their way.

“However, what is certain is that the governors are on the same page with the president. Those that are joining the APC are simply being appreciative of the wonderful things the president and the governors are doing,” he said.

Asked if they are not scared that the party might implode at the end of the day, considering that those that are defecting mostly have the ambition of contesting for offices that are currently occupied by other politicians, Misilli said, “The APC structure is big enough to accommodate everyone. We have the federal government and we have many states, there is no problem at all.

“APC is a big house for everyone, and it is not about entrenching a one-party state; it is about providing good governance for the citizens which is gradually becoming visible.”

The most striking of the defections

The most striking of these defections was the movement of Atiku’s 2023 running mate, Ifeanyi Okowa, and Delta State Governor Oborevwori, alongside the entire PDP structure in Delta State, to the APC.

This cascade of defections soon extended to the Senate, where apart from Kawu Sumaila, formerly of the NNPP, three PDP senators from Kebbi State— Aliero (Kebbi Central), Abdullahi (Kebbi North) and Maidoki (Kebbi South)—also crossed over to the ruling party.

They were not the first. Earlier, Senators Ned Nwoko (Delta North), Francis Onyewuchi (Imo East), and the late Ifeanyi Ubah (Anambra South) had defected from the PDP, Labour Party (LP), and Young Progressives Party (YPP), respectively.

Onyewuchi, who was among the earliest defectors in July 2024, attributed his decision to the deepening factional disputes within the LP at both national and state levels. Similarly, in February 2025, Nwoko cited entrenched divisions within the PDP as his reason for embracing the APC.

Fractured opposition and unresolved leadership crises

At the heart of these defections lies the deepening disarray within Nigeria’s leading opposition parties. In the PDP, the leadership crisis festering since the fallout of the 2023 presidential election has remained unresolved, leaving the party fractured along regional and factional lines.

The prolonged stay of acting national chairman, Umar Damagum, and the crisis over the national secretary’s position deepened by the persistent push-and-pull between the camps loyal to Atiku Abubakar and Rivers State’s former governor, Nyesom Wike, have further weakened the party’s unity and national appeal.

Efforts to convene a decisive National Executive Committee (NEC) meeting have been consistently stalled, fuelling suspicions of deliberate sabotage by entrenched interests keen on maintaining the status quo. The power struggle in the PDP has not only paralysed decision-making at the national level but also trickled down to the states, with many local chapters thrown into chaos.

The Labour Party has faced its own internal crisis. The party, which rode on the popularity of Peter Obi in 2023 to secure seats in the National Assembly, has since become engulfed in leadership tussles at both national and state levels creating a fertile ground for aggrieved lawmakers to jump ship.

Similarly, the NNPP, once projected as an emerging third force, has been battling bitter supremacy wars between its presidential candidate, Rabiu Musa Kwankwaso, and other key stakeholders, leading to multiple court cases and leadership squabbles.

For many lawmakers, these crises have provided both a pretext and a political shield for their defections as internal crisis within a party is the only reason recognised by the constitution as grounds for defection.

Experts blame lack of ideology, rising materialism for defections

Meanwhile, political experts and civic groups have attributed the spate of defections to the ruling APC to a deep-rooted absence of political ideology within Nigeria’s party system, warning that the trend poses grave risks to the country’s democratic health.

Professor Tunde Adeniran, a political scientist and former Minister of Education, told Daily Trust that the unchecked appetite for material gains and the vacuum of ideological commitment among political actors have been major drivers of the ongoing defections.

“There is the rush at different levels and by various politicians to join the ruling party because of lack of ideology,” Adeniran said, adding that “Ideology should ordinarily serve as a compass to guide members of the political class and their followers. In its absence, the majority of politicians act without integrity, principles, or value-guided direction. They are, therefore, prompted by materialism in their actions.”

Echoing similar concerns, renowned political analyst, Professor Kamilu Sani Fage, described the defections as a reflection of Nigeria’s transactional politics, where political parties are seen merely as platforms for personal ambition rather than vehicles for ideological pursuits.

“It is always an easy decision for politicians in Nigeria to switch parties because most of them only see political parties as vehicles to achieve personal ambitions,” Fage observed.

“It is difficult to identify parties based on manifestos or ideologies, which makes it easier for politicians to move freely from opposition to ruling parties, and vice versa. Because of these personal goals and the lack of ideology, most politicians find it difficult to remain in the opposition,” he said.

Further amplifying the concerns, the Resource Centre for Human Rights and Civic Education (CHRICED) warned that the mass defections, particularly from the National Assembly, were eroding political pluralism and risking a slide toward one-party dominance.

CHRICED’s Executive Director, Comrade Ibrahim Zikirullahi, while addressing a recent press briefing, acknowledged the constitutional right of politicians to associate freely but raised alarm that the current wave of defections was endangering Nigeria’s democratic equilibrium.

“This mass defection is gradually turning the country into a one-party state,” Zikirullahi warned. “Such a scenario diminishes the effectiveness of opposition parties, stifles political discourse, and limits the electorate’s choices.”

He cited the crisis in Rivers State, where the defection of 27 lawmakers loyal to the immediate past governor, Nyesom Wike, has plunged the state into political turmoil, creating a ripple effect that has emboldened further defections at the national level.

“This shift raises significant concerns about the health of Nigeria’s democracy and the principles of political pluralism,” Zikirullahi added.

Ganduje’s comments fuel fears of one-party dominance

Amid the wave of defections, comments by APC National Chairman, Abdullahi Ganduje, have further heightened fears of a creeping one-party agenda. Ganduje, a former Kano State governor, openly boasted that the APC was on course to becoming the only viable political platform in the country, as more opposition politicians continue to defect to the ruling party.

Ganduje’s remarks, delivered during various defection ceremonies and most recently after he and the three Kebbi senators had a meeting with President Tinubu, have been widely interpreted as a confirmation of the APC’s strategic plan to weaken the opposition ahead of 2027, consolidating its grip on the political space.

Civil society groups and pro-democracy activists have since raised the alarm over the implications of Ganduje’s comments, warning that a lopsided political environment could erode democratic competition and further stifle dissent.

Critics point out that while party-switching is a familiar feature of Nigeria’s politics, the current pattern of mass defections—coupled with the ruling party’s overt declarations—could tip the country towards de facto one-party dominance, with all its attendant risks to electoral integrity, accountability and democratic vibrancy.

Power dynamics that could boomerang on APC

Yet, beneath the euphoria of the APC’s growing influence lies the undercurrent of festering internal rivalries that could, if not carefully managed, undermine the party’s cohesion in key states. Former Jigawa State governor, Sule Lamido, is one the key proponents of this viewpoint.

Nowhere is this undercurrent more evident than in Kebbi and Delta, where the struggle for supremacy among the APC’s power blocs threatens to fracture the party from within.

In Kebbi State, the recent defection of the three PDP senators, including political heavyweight Aliero, is believed to have rekindled an old rivalry between Aliero and former Governor Atiku Bagudu, who currently serves as Minister of Budget and Economic Planning. The two leaders, both founding fathers of the APC in Kebbi, fell out during the 2022 primaries, leading Aliero to defect to the PDP and contest the senatorial seat.

While Aliero has now returned to the APC, analysts say the wounds from their bitter 2022 showdown remain fresh, with both camps still jostling for dominance. There are fears that if the national leadership fails to broker a genuine reconciliation, Kebbi APC could once again implode ahead of 2027, especially with Aliero still commanding significant grassroots loyalty across the state.

In Delta, the dynamics are even more complex. The defection of Governor Oborevwori, alongside the entire PDP structure, into the APC was seen as a political masterstroke by the ruling party. However, the move has set the stage for an intense turf war within the Delta APC, pitting Oborevwori against his former arch-rival and APC 2023 governorship candidate, Senator Ovie Omo-Agege.

Sources within the party say while both leaders may currently project a united front, their underlying mistrust and competition for the party’s control—especially in anticipation of 2027—could destabilise the APC in the state. Oborevwori’s entry into the APC has also reignited the political influence of former Governor James Ibori, a political ally of President Tinubu, who is believed to be working behind the scenes to protect his loyalists and retain relevance within the new power structure.

This three-way contest between Oborevwori, Omo-Agege and the Ibori political family has already polarised the party’s grassroots, with many warning that unless the national leadership steps in early to harmonise the interests of the various factions, the APC may suffer the same fate that befell the PDP in 2023, when its internal disunity paved the way for APC’s gains in the state.

Thus, while the APC may appear to be consolidating power at the national level, the emerging internal rivalries in strategic states like Kebbi and Delta could pose significant headaches for the party, if not carefully managed ahead of the 2027 general elections.

[DailyTrust]

The Monetary Policy Committee (MPC), the highest policy-making organ of the Central Bank of Nigeria(CBN), begins a crucial two-day meeting today with a decision on the benchmark interest rate as the main agenda.

Many analysts expect the CBN to leave the benchmark interest rate, the Monetary Policy Rate (MPR), unchanged at 27.50 per cent, in preference for a more discernible consumer price trend.

The MPC, headed by the CBN governor, traditionally provides monetary policies and benchmarks, which determine the direction of the financial services sector and the economy to a large extent.

The National Bureau of Statistics (NBS) last week released its latest Consumer Price Index (CPI) report, showing that the headline inflation rate dropped by 52 basis points from 24.23 per cent in March 2025 to 23.71 per cent last month.

On a month-on-month basis, inflation also declined to 1.86 per cent in April, compared to  3.90 per cent recorded in March.

The decline in inflation rate was driven by a broad-based decrease in the prices of food items. Food inflation slowed by 53 basis points from 21.79 per cent in March 2025 to 21.26 per cent in April 2025. On a month-on-month basis, food inflation eased by 12 basis points from 2.18 per cent to 2.06 per cent.

Core inflation-which included all items excluding farm produce and energy, also declined by 105 basis points from 24.43 per cent in March 2025 to 23.39 per cent in April. On a month-on-month basis,   core inflation dropped by 239 basis points from 3.73 per cent in March 2025 to 1.34 per cent last month. 

Experts and sources close to the CBN said the MPC would rely on the side of caution and hold the rates and other parameters unchanged.

Analysts at Bismarck Rewane’s Financial Derivatives Company (FDC), Cordros Capital Group, Afrinvest West Africa and Arthur Steven Asset Management, among others, expect a cautious stance that would leave the MPR and all parameters unchanged.

However, analysts at Futureview said the apex bank could reduce the benchmark interest rate marginally. They expect inflationary pressure to reduce further in the next period.  

Cordros Capital analysts said: “Since the last MPC meeting, the global economic landscape has grown increasingly volatile and uncertain, primarily driven by persistent trade protectionist policies in the United States.

‘’In our view, the MPC is likely to take these developments into account, particularly the elevated global uncertainty and its adverse implications for naira stability, despite a positive real rate of return, given the current inflation rate. 

‘’Against this backdrop, we expect the MPC to adopt a cautious stance, leaving the Monetary Policy Rate (MPR) unchanged, alongside retaining all other policy parameters in a bid to anchor inflation expectations and maintain the naira’s attractiveness,”

The analysts said inflation risks were still tilted to the upside, particularly as the naira continues to experience gradual depreciation, reinforcing the need to anchor inflation expectations.