President Bola Tinubu says he will not partake in the economic destruction of the country by enemies of the nation.

He said the bleeding of the country through the oil subsidy regime was a huge joke that should never be allowed to continue under any guise.

The president stated this on Thursday at a reception in his honour by the Lagos State Government.

“We will be needing the necessary resources to achieve the promise we made to Nigerians during our campaign.

“We need to stop the bleeding of our finances through fuel subsidy and the arbitrary exchange regime. We have no choice.

“We’ve to re-engineer the effectiveness of control and management of our resources in order to meet the obligations owed to Nigerians.

“I could have said yes I want a share of my benefit and participate in the arbitrage. But no, God forbid. That’s not why you elected me,” he said.

The president said that Nigerians would continue to see new and better initiatives for the benefit of, not only the adults, but the children who are the future of the country.

Tinubu pledged to work with the national assembly and state governors in a true separation of powers to achieve the renewed hope agenda of his administration.

The President of the Senate, Sen. Godswill Akpabio, promised to work with the executive arm of government to ensure that Nigerians enjoy the dividends of democracy.

“With what the president has done in Lagos, we are assured that Nigeria is in safe hands.

“We didn’t know this was the plan you had for the country, we wouldn’t have contested with you at the party primaries.


“These few decisions you have taken has served as a catalyst for the country’s development,” he said.

Akpabio said that Lagos has been a model of development for states in Nigeria, adding that the man that did the framework can also do it for Nigeria.

Gov. Babajide Sanwo-Olu of Lagos State also said that the state governors are in full support of the policies and programmes of the present administration.

He said that the support of the state governors was important towards the realisation of the dream of a better Nigeria.

Similarly, Gov. AbdulRahman AbdulRazaq of Kwara said the state governors support the urgent need of Tinubu to reposition the economy of the country.

“The removal of the petroleum subsidy and reversal of the arbitrary exchange regime was the right step in repositioning the country,” AbdulRazaq, who is also the Chairman, Nigeria Governors Forum, said.

Former governor of Lagos Raji Fashola, who represented past governors of Lagos state, assured the president of their continued loyalty to the Tinubu administration.

“We want you to know that we are only a phone call away. Whenever you need us, any of the class that you have mentored, we are ready to serve you once again,” he said.

In a dramatic event, the national assembly members and governors stood up on the podium with their current and former members to show solidarity with the president.

Last modified on Friday, 30 June 2023 03:02

The Abia State Governor, Alex Otti, has taken a further step in his administration’s pursuit of accountability by suspending the state’s Head of Service and Permanent Secretaries who served under the previous administration of former Governor Okezie Ikpeazu.

The suspension came in the wake of the newly inaugurated judicial panel of inquiry tasked with recovering assets and properties belonging to the Abia State Government.

Governor Otti, who assumed office on May 29, 2023, has been practical about his commitment to good governance and the recovery of stolen state resources.

In line with this objective, the judicial panel of inquiry was set up to investigate alleged mismanagement of government assets during the previous administration and recover stolen ones.

A statement released by the Governor’s Chief Press Secretary, Kazie Uko, indicated that the decision to relieve the Head of Service and the Permanent Secretaries of their duties is aimed at avoiding interruption with the judicial panel’s investigation.

“Following the inauguration of the Judicial Panel of Inquiry on the Recovery of Properties and Funds belonging to Abia State Government, the Governor, His Excellency, Dr. Alex Otti, OFR, has directed the immediate suspension of the Head of Service (HOS) and all Permanent Secretaries in the State civil service” Uko stated.

He said Governor Otti has approved the appointment of Lady Joy Maduka, Director, Ministry of Education, as Acting Head of Service (HOS).

The current Permanent Secretaries were directed to “hand over to the most senior Director in their respective Ministries, Departments and Agencies”.

Uko, however, noted that John Pedro Iroakazi, Clerk of the House; and Mrs. U. G. Uche Ikonne, Solicitor General, were not affected by the development.

Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges, figures obtained from the Central Bank of Nigeria have revealed.

The CBN revealed in its figures on movement on foreign reserves that the reserves which commenced January 3, 2023 at $37.07bn fell to $34.22bn as of the end of June 26, 2023.

According to the CBN, the reserves fell by $3.43bn in 2022, from $40.52bn as of the end of December 31, 2021, to $37.09bn as of December 29, 2022.

At previous Monetary Policy Committee meetings, the former Governor, CBN, Godwin Emefiele, said, “The Committee, however, noted the marginal decline in the level of gross external reserves to $36.13bn in February 2023, from $36.4bn in January 2023, a decrease of 0.7 per cent, reflecting the downtrend in crude oil prices, as global uncertainties persist.”

“The Committee, also, noted the moderate decline in the level of gross external reserves to $34.91bn in April 2023, from $35.14bn at end-March 2023, attributable to transactions in the foreign exchange market and largely to minuscule accretion to reserves from crude oil exports,” He said.

A member of the MPC, Adeola Adenikinju, said current and capital accounts were higher in Q3, 2022 than in Q2, 2022.


He said, “Gross external reserves fell by 0.7 per cent to $36.13bn at end-February 2022 from $36.4bn at end-January 2022. This was driven by the rise in debt service payments and foreign exchange swap transactions.


“The FGN’s net fiscal operations resulted in an expansionary fiscal deficit in February 2023 (m-o-m). The overall deficit rose by -N539.01bn in February 2023 compared to – N417.75 in January 2023.

“Both government expenditure and revenue declined. FGN Debt increased owing to new borrowings to finance the deficit in the 2022 budget and new loans by subnational governments.”

Another member of the MPC, Mike Obadan, said foreign exchange market pressures continue to pose challenges as supply-demand imbalances remained unrelenting.

“The external reserves position has remained weak against the backdrop of the limited capacity of the country to earn foreign exchange from both non-oil and oil exports,” he said.

A good handle on the oil theft and other challenges along with commencement of local refining of oil by the Dangote Refinery and Petrochemicals Company coupled with elimination of the notorious petrol subsidy regime should help to achieve stability in the foreign exchange market and exchange rate, he said.

The three suspects arrested over the murder of a Naval Officer, Sub-Lt. Samuel Akingbohun, in ldo- Ani, Ose Local Government Area of Ondo State, has narrated why and how they killed the officer, after an altercation.


In an interview, while they were paraded by the state police command, the suspects, Ayomide Sambo, Johnson Adeleke and Shagari Francis, 17, confessed to killing the officer for assaulting one of them.

It was gathered that the three suspects just finished secondary school in the town.

They narrated how they used an iron rod to hit the deceased officer’s head and scrotum.

Ayomide Sambo, aged 20, narrated that the naval officer physically assaulted his friend, Johnson Adeleke, by slapping and giving him a headbutt, while trying to contest for the right of way in the community.

“We were so annoyed that we went after him and we cornered him at a junction, where we attacked him using an iron rod.

“We were on our way to collect a power bank when we encountered the naval officer. He was coming from the opposite direction, and the portion he was coming from was bad.

“We were both trying to take a good path when my friend used his shoulder to shove the officer. “In annoyance, the naval officer slapped him and also gave him a headbutt. We started to beg the naval officer. After the naval officer had left, my friend said it was fake military personnel.

“It was then that we took a bike and traced him to the junction and challenged him.

“The naval officer and my friend started fighting. It was in the process that I picked up an iron rod and began to hit him all over his body. My friend also collected the iron rod from them and started hitting him.

“But the two of my friends are now denying it and saying that I was the only one that hit him with the iron rod.

“We have never seen the officer before. That was the first time we set our eyes on him. Even the Okada rider that carried us was saying that where my friend hit him with the iron rod was dangerous.

“We were arrested while trying to flee from the town. I was first arrested, while the other two were arrested the following day after I told the naval officers their whereabouts. The two of them are now saying that I was the only one that hit him.”

The second suspect, Johnson Adeleke, aged 20, however denied his involvement in the beating and killing of the officer.

Adeleke said: “When I was on my way to remove my power bank, I mistakenly hit my elbow with the navy officer. He slapped me and gave me a headbutt. At that moment, we didn’t know that he was a naval officer.

“After the fisticuffs, we took a bike and traced him. After catching up with him, I confronted him, but he refused to say anything.

“The friend of the naval officer used his elbow to hit Ayomide, it was at that point that Ayomide picked up the iron rod and started hitting him. I did not hit him at all, it was Ayomide that was hitting him.

“I was already out of Idoani in a bid to escape when my mother’s elder brother called me to report to the station.”

The third suspect, Shagari Francis, 17, in an interview said: “I didn’t hit the naval officer. I was just following them. I was arrested when my mother took me to the station to ask if I was part of them.”

Commenting, the spokesperson for the command, Funmi Odunlam, said the suspects would soon be charged in court for prosecution after police investigation.

Odunlami said, “Currently, three suspects are in custody, and in the course of interrogation, we realised that one Ayomide Sambo was one of those mobilised to the scene, and when he got there, he carried an iron rod, hit him on his head and his testicles, and started stoning him.

“Later, he became unconscious, and he was rushed to the hospital in the town, where he was confirmed dead by the Doctor.”

President Bola Tinubu on Thursday said the cashless policy implemented by former President Muhammadu Buhari around the last general elections confiscated “our monies,” even though according to him, the policy did not work.

He made the assertion in Ijebu-Ode, Ogun State, where he said he had to invoke the spirit of freedom and determination as symbolised by “Baba Emilokan” to overcome the obstacles in the election.

He said that he remained hopeful and optimistic about achieving victory in the last presidential election, despite the ineffective cashless policy implemented by the Central Bank of Nigeria.

According to a statement issued by Dele Alake, Special Adviser to the President Special Duties, Communications and Strategy, the president spoke in separate remarks at the palaces of the Paramount ruler of Ijebuland, Oba Sikiru Adetona, in Ijebu-Ode and Alake of Egbaland, Oba Adedotun Gbadebo, in Abeokuta , during a thank-you visit to the Royal Fathers.

Reflecting on the challenges in the build-up to the 2023 presidential election, President Tinubu recounted his concerns about the confiscation of funds and the failure of the cashless policy, and how he had previously sought wisdom and guidance from Oba Adetona during his visit to the palace.

He said: “Our monies were confiscated. The cashless policy didn’t work, it was terrible then. I realised that, I came to Ogun State to invoke the spirit of freedom which we are noted for.

“I invoked that spirit twice. The spirit of Baba Emilokan. That’s Baba. Being blunt, being decisive, that’s him, he will tell you. The second spirit is that money or no money (we will do the election and we will win).”

President Tinubu acknowledged that these spirits had been the driving force behind his service and expressed his gratitude to Oba Adetona, all the Obas, elected officials, particularly his ‘personal friend’, Senator Gbenga Daniel, the Senator representing Ogun East.

He thanked them for their loyalty and commitment during those crucial times in the 2023 election.

The President, who described his visit to Ijebu-Ode as a homecoming, told Kabiyesi:

“The way you have taken me, the way you have responded to me, all I can say is thank you. May you live long and may you witness a prosperous Nigeria.”

THE Nigeria Data Protection Commission (NDPC) has faulted the Central Bank of Nigeria’s (CBN) recent directive that banks should obtain and verify customers’ social media handles.

The Commission described the directive as illegal, noting that it violated privacy laws.

The apex bank had on June 26, directed banks to obtain the social media handles of customers as part of enhanced Customer Due Diligence (CDD) regulations.


It explained that the move was geared towards bolstering bank customers’ compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) provisions, while aligning with international best practices.

However, in a statement on Thursday, June 29, the NDPC said it was currently engaging with the CBN on the directive, stressing that there is need to adhere to fundamental principles when collecting citizens’ data.

NDPC national commissioner Vincent Olatunji, who reacted to the directive in the statement, highlighted the significance of the Nigerian Data Protection Act (NDPA), which was enacted on June 12, in ensuring the responsible handling of citizens’ data by Data Controller Organisations.

Olatunji said the Act outlines guidelines for the processing of personal data, emphasising fairness, lawfulness, transparency, minimal data collection, and limited retention periods.

He explained that there were prerequisite steps any Data Controller must take prior to the collection of data from data subjects.

The NDPC official added that any organisation that defaulted was going against the law and causing a data breach, noting that such would attract a fine.

“We are already engaging with the CBN to let them know that what they have done is against the law because there are basic principles you must meet when you want to collect citizens’ data,” he said.

“There is data minimisation, meaning you don’t collect data beyond the purpose for which it was intended, purpose limitation, what purpose it is for.”

Olatunji stressed that the NDPC’s role is to protect the rights and interests of Nigerian citizens, making it applicable to all data controllers, including private and government offices, NGOs, and hotels.

“The purpose of this law is to safeguard the rights and interests of Nigerians who are data subjects.”

He highlighted key principles, such as data minimization, which mandates that data should only be collected for its intended purpose, and purpose limitation, which specifies the purpose for which data is collected.

Olatunji further argued that requesting social media handles from bank customers was unnecessary.

However, he acknowledged that if the collection of social media handles served a public interest, such as transaction monitoring, customers should be properly informed.

The European Election Observation Mission (EU EOM) to Nigeria has alleged that the appointment of the Chairman of the Independent National Electoral Commission, Mahmood Yakubu, and other electoral officials by the immediate past president of Nigeria, Muhammadu Buhari, left the electoral umpire vulnerable to perception of partiality during the conduct of the 2023 elections.

The EU Observers made this known in its final report on the 25 February and 18 March elections, published on its official website on June 27.

Mahmood was appointed as INEC Chairman by former President Buhari on 21 October 2015 and reappointed in 2020.

But the EU mission claimed that the public perception of INEC’s alleged partiality was as a result of the “presidential selection” that produced them.

“Weak points include a lack of INEC independent structures and capacities to enforce sanctions for electoral offences and breaches of campaign finance rules.

“Furthermore, the presidential selection of INEC leadership at federal and state level leaves the electoral institution vulnerable to the perception of partiality,” the observers stated.

The observers added that the conduct of 2023 federal and state elections by INEC exposed enduring systemic weaknesses thereby damaging public trust in the electoral umpire.

THE WHISTLER reports that during the counting of the February 25 presidential and National Assembly results, the EU Observer Mission chaired by Barry Andrews, cited “lack of transparency” on the part of INEC, particularly regarding INEC’s failure to transmit presidential poll results on its INEC Results Viewing Portal in real time.

In its final report, the EU maintained that the shortcomings associated with the election were glaring.

“Following a three-month-long observation across Nigeria, and in accordance with its usual practice, the EU EOM is now pleased to present its findings and recommendations.

“Shortcomings in law and electoral administration hindered the conduct of well-run and inclusive elections and damaged trust in INEC.

“With the aim of contributing to the improvement of future elections, the EU EOM is offering 23 recommendations for consideration by the Nigerian authorities,” the EU mission stated.

According to Andrews, Nigerians demonstrated a clear commitment to the democratic process but the election exposed enduring systemic weaknesses and therefore signals a need for further legal and operational reforms to enhance transparency, inclusiveness, and accountability.

“We are particularly concerned about the need for reform in six areas which we have identified as priority recommendations, and we believe, if implemented, could contribute to improvements for the conduct of elections,” said Barry Andrews.

Andrews added that “Importantly, there is a need for political will to achieve improved democratic practices in Nigeria. Inclusive dialogue between all stakeholders on electoral reform remains crucial.”

Listing its recommendations, the EU suggested clarity and plainness in Nigeria’s electoral laws, real-time transmission of results, among other recommendations.

“The six priority recommendations point to the need to (1) remove ambiguities in the law, (2) establish a publicly accountable selection process for INEC members, (3) ensure real-time publication of and access to election results, (4) provide greater protection for media practitioners, address (5) discrimination against women in political life, and (6) impunity regarding electoral offenses,” it stated.

The EU assured it will support stakeholders in the implementation of its recommendations.

The EU final report published on its website as on Tuesday comes amid the ongoing sittings of the Presidential Election Petitions Court in Abuja.

Three petitioners, namely, Peter Obi, Atiku Abubakar and Allied Peoples Movement are challenging the electoral umpire’s declaration of Bola Tinubu as winner of the election.

Meanwhile, the Election Observation Missions made it clear that it operates independent from the institutions of the European Union, adding “The views and opinions expressed in this report are those of the authors and do not necessarily reflect the official policy and position of the European Union.”

Spokesperson to former President Muhammadu Buhari, Garba Shehu, on Thursday, denied that the former leader asked his successor not to investigate some ministers under the previous government.

He also said Buhari had left Daura for London to get some needed rest which, constant visits from well-wishers, had denied him.

“If social media is to be believed, former President Muhammadu Buhari is requesting his successor, President Bola Tinubu not to investigate some former officials of his government…this is fake news, and nothing more,” Shehu said in a statement he signed on Thursday evening titled ‘What Buhari didn’t say to President Tinubu.’

On Tuesday, an online news outlet reported that Tinubu assured his predecessor that he and his close aides will be spared in any anti-corruption war his government embarks upon following the suspension of the EFCC Chairman, Abdulrasheed Bawa.

“It is fake, let us not discuss it or give it energy or air of publicity,” said Shehu.

He noted that there was no one other than the two leaders in the room in which they met on Monday night.

“So, no one was there to report their conversation,” he added.


According to him, the former President wishes to remain outside the spotlight so as not to distract the new administration.

Shehu revealed that “He (Buhari) chose to go home in Daura hoping to find the type of quiet he wished for himself but realising that this was not the case, visitors trooping in morning, day and night, he moved out to a more distant place.”

He said it remains Buhari’s wish to be allowed to have his needed rest, and for the Tinubu administration to have the right atmosphere to work on the realisation of the promises it made to Nigerians.

Former Acting Governor and one-time Speaker of the Bayelsa State House of Assembly, His Excellency Rt. Hon Nestor Binabo, has passed away.

Binabo died in the early hours of Thursday at an undisclosed hospital in Abuja.

Confirming his death in a WhatsApp post, one of his sons, Mr Binabo Momos, wrote, “I thought you’d pull through, Dad. But God knows best.”

It was revealed that the late Binabo had been battling an undisclosed ailment for the past year.

Binabo served as the governor of Bayelsa State from January 27, 2012, to February 14, 2012. He also held positions as Speaker and Deputy Speaker of the Bayelsa State House of Assembly during Chief Timiore Sylva’s administration. He was a member of the Peoples Democratic Party (PDP).

The deceased hailed from Okumbiri in Sagbama Local Government Area

The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, has urged Nigerians to exercise patience with President Bola Tinubu on his decision to remove fuel subsidy,

The monarch stated this while speaking with Vanguard on the current economic crisis caused by the removal of the subsidy

The Ooni insisted that Tinubu is a decisive leader ready to serve the country with his depth of knowledge and experience.

He maintained that Tinubu would turn out to be the best president Nigeria has ever produced.

He said: “Tinubu is a very decisive leader. I want to implore everybody, especially the youths of this country, to be patient with him. He is very focused; God has blessed him.

“In everything that he has been doing, he has been very consistent over the last 30 years and it is now for him to give back to the country.

“We should keep praying for him everyday. The President is getting stronger, wiser and his public rating keeps going up.

“I am very positive his going to be the best president ever produced in Nigeria.”

He advised the President not to waste time in tackling the challenges confronting the country as a man of action that he was known to be.

The Ooni also averred that as the country just transited to another civilian government, it’s best for all hands to be on deck regardless of affiliations, as the election had gone and governance and putting Nigeria on the right path to greatness should be a collective effort.