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Nigeria Cannot Afford To Be Governed Like A Reality TV Show – Peter Obi Blasts Leaders
Peter Obi, in a statement on Sunday in which he reacted to the various happenings in different parts of the country, said Nigerian leaders are engaging in frivolities while various national issues of utmost importance are left unattended.
Touching on the allegations of sexual harassment between Senator Natasha Akpoti-Uduaghan and Senate President Godswill Akpabio, to the Lagos House of Assembly speakership saga, to the recent Supreme Court judgement on the Rivers State political crisis, Obi submitted that what is coming out of the three arms of government is disgusting and uninspiring.
He further appealed that the leaders of the three arms of government should avoid undue interference in happenings at the state levels.
Instead, the former Anambra State Governor urged Nigerian leaders to take urgent steps in addressing the myriad of challenges facing the country and its citizens.
Obi also accused Nigerian leaders of neglecting serious governance in favour of political rascality, thus making a mockery of leadership.
He concluded that Nigerians deserve better and that the leaders must take urgent steps to correct the various irregularities.
In his words, “It is deeply troubling that Nigeria’s political leadership is rapidly descending into an embarrassing spectacle.
“We are at a time when our nation faces the highest levels of actual and multidimensional poverty, soaring infant mortality rates, millions of out-of-school children, one of the most insecure and hunger-stricken nations on earth, grappling with escalating insecurity and countless other challenges.
“One would expect our leaders to be focusing and sacrificing solely on providing urgent, transformative solutions to this myriad of problems but not necessarily.
“Instead, the national discourse is consumed by trivialities, whether it is allegations of sexual harassment or budget padding in the National Assembly, controversies surrounding State Houses of Assembly speakership, reckless Court judgments threatening to destabilize or deprive the State of funding to provide needed services to the citizens.
“What is coming out of the three arms of government, the Executive, the Legislature and the Judiciary is disgusting and uninspiring. The Executive show of negative power as seen in Osun state, the reckless Judiciary pronouncement on Rivers State that is capable of threatening democracy plus the embarrassing scandal from the National Assembly all combine to give a gloomy picture of our democratic journey.
“Leaders in these three arms should avoid undue disruptive interference in affairs of sub-national government activities.
“Urgent steps should be taken by the leadership of the three arms to stabilize our polity and stem politicians from defecting to parties where they feel it will be easier to rig them into office.
“This reckless neglect of serious governance is a grave disservice to the millions of Nigerians who deserve competent, accountable leadership focused on solving real problems.
“The blatant display of political rascality, coupled with widespread irregularities, paints a distressing picture of a leadership that has abandoned its core responsibility to the people and is making governance resemble a theatrical performance rather than a serious commitment to public service.
“While citizens bear the crushing weight of various hardships due to misgovernance, those in power prioritize personal interests and political gamesmanship over the nation’s well-being.
“This mockery of leadership is not only unacceptable, it is a betrayal of the people’s trust.
“Nigeria cannot afford to be governed like a reality TV show while millions suffer for so long. It is time for leadership rooted in character, competence, capacity, consistency, compassion, and urgency—leadership that prioritizes education, healthcare, and poverty alleviation.
“Anything less threatens the nation’s stability, undermines the present, and betrays the nation’s future.
“A new Nigeria is POssible! -PO.”
[NaijaNews]
With Enough Money, You Win Any Election In Nigeria – Ex-Gov Udenwa
Former Governor Achike Udenwa of Imo State has said Nigerian elections can be bought by those who have enough money.
Speaking on State Affairs, a podcast hosted by On-Air-Personality, Edmund Obilo, the number one Imo citizen between 1999 and 2007, lamented the role of money in Nigeria’s electoral process.
Udenwa said the Independent National Electoral Commission (INEC) and security agencies can be influenced.
“Unfortunately, our society has grown to such a level where if you say vote for me, I am no longer asking what you can do. What are your antecedents? What type of character do you have? We don’t ask such questions again,” he said.
“Even if I don’t vote for you, you can buy your way through if you have the right amount of money,” he said.
Asked if politicians could buy INEC, the police, the army, and even the electorate, he responded, “You can buy everybody.”
Udenwa, who is a member of the Peoples Democratic Party Board of Trustees, also blamed the ruling All Progressives Congress for the ongoing crisis in the PDP.
While acknowledging that the PDP has internal challenges, he maintained that external forces were contributing to the party’s instability.
“There are external hands trying to destroy the PDP through internal sources. We are still battling the problem, and I believe PDP will not be destroyed,” he said.
[DailyTrust]
2027: New political party emerges in Kano
A political group, Team New Nigeria (TNN), has unveiled its symbols and reaffirmed its commitment to forming a political party aimed at addressing Nigeria’s challenges, including hardship and insecurity.
During the public presentation at Kano Pillars Stadium, TNN President Modibbo Farakwai introduced the group’s motto, “Unite and Rebuild the Nation,” and its slogan, “Greater Nigeria.”
The group’s flag features green and white colors, with an image of hands held together in red at the center, and “TNN” written in white on a black background.
Farakwai explained that the green color represents growth, responsibility, and sacrifice; white stands for peace, redemption, and unity; red signifies solidarity, courage, and love; while black symbolizes emancipation, justice, and honor.
He also inaugurated a state harmonisation, structure, and mobilisation committee for the North-West states of Kano, Katsina, Kebbi, Kaduna, Jigawa, Sokoto, and Zamfara. This committee will oversee political activities and coordinate the formation of 13-man steering committees in each local government area.
Farakwai emphasized that TNN has already registered 43 million members and is prepared to establish a political party that will promote human rights and good governance.
In his remarks, TNN’s National Chairman, Prof. Garba Waziri, urged committee members to strengthen grassroots political structures, ensure public participation in decision-making, and uphold integrity to unite the country.
[DailyPost]
NLC opposes plans for fresh hike in electricity tariff
…threatens nationwide protest
The Nigeria Labour Congress (NLC) has vowed to resist any plan by the Nigerian Electricity Regulatory Commission (NERC) to further increase electricity tariffs by migrating other electricity consumers to Band A.
The congress threatened to mobilise its members for a nationwide protest should the regulatory agency go ahead to implement any fresh tariff increase in electricity.
It also warned telecommunication companies not to go back on the 35 per cent increase in telecommunication services agreement reached on February 21, 2025, between it and the Federal Government through the Joint 10-Man Committee.
The NLC decided during the National Executive Council meeting in Yola, Adamawa State, where it also commissioned some Compressed Natural Gas (CNG) driven Mass Transit Buses for the North East Zone.
In a communique issued at the end of the NEC meeting and signed by NLC President, Joe Ajaero and General Secretary, Emmanuel Ugboaja, the Congress said: “NEC unequivocally rejects the ongoing sham reclassification of electricity consumers by the Nigerian Electricity Regulatory Commission (NERC), which seeks to forcefully migrate consumers from lower bands to Band A under the guise of service improvement while, in reality, imposing unjustified extortion on the masses.
“This systematic exploitation, sanctioned by the Ministry of Power, is nothing short of economic violence against the working class and broader Nigerian populace. It is evident that the ruling elite, acting as enforcers of global monopoly capital, are determined to further deepen the misery of the Nigerian people through incessant tariff hikes, increased taxation, and relentless economic strangulation. Whereas inflation has soared, wages remain stagnant, and the cost of living has become unbearable, the ruling class continues to transfer the burden of their fiscal irresponsibility onto the already impoverished working masses.
“NEC-in-session warns that any attempt to announce further electricity tariff increases will be met with mass resistance.
“Consequently, the Congress resolves to immediately mobilise for a nationwide protest should the Ministry of Power and NERC proceed with their exploitative plan to further hike electricity tariffs under any guise. The NLC shall not stand idly by while the Nigerian people are subjected to the unholy machinations of capitalist profiteers and their state collaborators.”
It added: “On the 35% Tariff Hike in Telecommunications Services: NEC acknowledges the agreement reached on February 21, 2025, between the Nigeria Labour Congress (NLC) and the federal government through the Joint 10-Man Committee, which reduced the initially proposed telecommunications tariff hike from 50% to 35%. However, Congress remains vigilant, recognising the long history of infidelity.
“NEC categorically warns that should the implementation of the agreement on March 1, 2025 not be as agreed, the National Administrative Council (NAC) is mandated to immediately deploy all necessary instruments to enforce compliance in line with the February 10th, 2025 Central Working Committee (CWC) directive.”
The NLC called on all affiliates, industrial unions, and progressive allies to remain on high alert and fully prepared to engage in decisive mass action against all anti-people policies of the state.
“The Congress reiterates that no society can sustainably develop under a regime of corporate plunder and neoliberal enslavement. The Nigerian working people must, therefore, remain resolute, organized, and uncompromising in the collective struggle for a fair and equitable Nigeria where the dominance of fat cats at the expense of the masses will be greatly reduced to create a socioeconomic balance,” it added.
Obi’s ex-spokesman Kenneth Okonkwo meets Atiku, says Nigeria needs cooperation
Former spokesperson for the Labour Party Presidential Campaign Organisation, Kenneth Okonkwo, has met with former Vice President Atiku Abubakar, the Peoples Democratic Party presidential candidate in the last election.
Okonkwo, an actor-turned-politician and once a staunch supporter of LP’s presidential candidate, Peter Obi, shared details of the meeting on his Instagram account on Saturday.
“It’s a privilege and honour to be invited by His Excellency Atiku Abubakar for a consultative meeting on how best to chart a new course for our beloved country.
“The situation in Nigeria today requires the cooperation of every well-meaning Nigerian to ensure that our country is restored to its path of greatness,” Okonkwo wrote.
His meeting with Atiku comes months after he resigned from the Labour Party, citing Obi’s failure to build the party into a formidable political force capable of challenging the ruling class.
Okonkwo had accused Nigeria’s leadership of being dominated by “kakistocrats and kleptocrats” and stressed that a strong grassroots-based political party was necessary to wrest power from bad leaders.
“After the 2023 general election, Nigerians, including me, had high hopes for the Labour Party. I believed that Peter Obi would seize the momentum and build a solid party of integrity… However, I continued in his defence believing he would still privately bring the needed solution to LP problems, (but) to no avail,” he had said at the time of his resignation.
Despite his criticism of the LP, Okonkwo previously stated that he had no intention of joining the PDP or APC but was open to consultations with like-minded individuals to determine his next political move.
His recent meeting with Atiku has sparked speculations on social media about his political future and potential alliances.
However, Okonkwo has not publicly declared any shift in political affiliation.
[Punch]
Fubara orders fresh LG elections, directs Heads of Administration to take over
Rivers State Governor, Sir Siminalayi Fubara, has announced that the Rivers State Independent Electoral Commission (RSIEC) will conduct fresh elections for local government councils following recent Supreme Court judgments on the state’s lingering political crisis.
In a statewide broadcast on Sunday, Governor Fubara stated that while his administration disagrees with the court rulings, it remains committed to upholding the rule of law. He assured that once the certified true copies of the judgments are obtained—expected by Friday, March 7, 2025—his government will study and implement them accordingly.
As an interim measure, Fubara ordered the Heads of Local Government Administration to immediately take over the governance of the 23 LGAs, pending fresh elections. He also directed the outgoing local government chairmen to hand over power by Monday, March 3, 2025.
“Given the outlawing of caretaker arrangements in the local government system, I hereby direct the Heads of Local Government Administration to immediately take over the administration of the 23 local government councils pending the conduct of fresh elections by RSIEC,” Fubara stated.
The governor urged residents to remain calm, assuring them that his administration is working to stabilize the situation and continue delivering on its responsibilities.
“Although our dear state seems to be back in trying times, I urge everyone to remain calm and peacefully go about their legitimate daily activities,” he said.
The announcement comes amid heightened political tensions in Rivers State, as various factions await the implementation of the Supreme Court’s verdicts and the scheduling of new local government elections.
Read Full Speech Of Fubara’s Broadcast Below:
STATEWIDE BROADCAST BY THE GOVERNOR OF RIVERS STATE, HIS EXCELLENCY, SIR SIMINALAYI FUBARA, GSSRS, ON SUNDAY, MARCH 2, 2025, ON THE RECENT JUDGMENTS OF THE SUPREME COURT.
1. My dear people of Rivers State, we are all aware of the recent Supreme Court judgments and pronouncements regarding aspects of the lingering political disputes in our dear State.
2. Although we disagree with the judgments, we are bound to obey the orders made therein as a law-abiding government.
3. Since inception, we have conducted the affairs of government within the framework of our Constitution, due process and the rule of law.
4. While we are not above mistakes because we are humans, we believe that we have not, as a government, done anything deliberately to trample on the rule of law or the hallowed principles of constitutional governance.
5. Accordingly, I have had a meeting with my team of lawyers, and they have assured me that the certified true copy of the judgments may be available to them by Friday, 7th March, 2025.
6. I assure you that upon the receipt of certified judgments, we shall study their ramifications and implement them without reservations to move the State forward.
7. Furthermore, given the outlawing of caretaker arrangements in the local government system, I hereby direct the Heads of Local Government Administration to immediately take over the administration of the 23 local government councils pending the conduct of fresh elections by the Rivers State Independent Electoral Commission.
8. I further direct the outgoing local government chairmen to formally hand over the levers of power to the Heads of Local Government Administration by Monday, 3rd March 2025.
9. Although our dear State seems to be back in trying times, I urge everyone to remain calm and peacefully go about with their legitimate daily activities as we continue to do everything in our power to advance our responsibilities to the citizens.
10. Thank you, and may God bless Rivers State.
[Vanguard]
[OPINION] This sentinel at the door of Anambra must succeed - Chidi Anselm Odinkalu
Comprising five of the country’s 36 states, south-east Nigeria is the site of resilient atrocity. In the eight years from the middle of 2015 to the end of 2023, the monitoring coalition, Nigeria Mourns, confirmed about 3,000 killings in this theatre from open source records, but unofficial estimates suggest that there may be up to five killings missed for each counted. The worst of the killings have occurred since 2019, and the worst hit state in the zone over that period is Anambra.
Many erroneously date the origins of this to the radicalisation of the Indigenous People of Biafra (IPOB) in the aftermath of its proscription in 2017. In reality, the escalation has lasted for over a quarter of a century, dating back approximately to the assassination in Enugu in 1998 of Igwe Amobi IV of Ogidi.
The annual Conflict Barometer by the Heidelberg Institute for International Conflict Research identifies the south-east as one of eight different conflicts of concern in Nigeria, describing it as a “violent crisis of secession” and ranks it on a par with the crisis of armed pastoralism in the Middle Belt of the country; ahead of the crisis of resource militancy in the Niger Delta; and only below the Boko Haram insurgency in the north-east and the armed bandits in the north-west of Nigeria.
Three framings define the crisis in south-east Nigeria in popular narrative. One is that it is about secession. A second is that most of the fatal incidents connected with it are perpetrated by “unknown gunmen”. The third is that the response to the situation is predominantly kinetic. Each of these is flawed. Together, they miss the underlying issues, with the result that they have turned an otherwise manageable crisis into an interminable atrocity.
Let’s begin with the first. The simplicity of the secession narrative is appealing at both the emotive and pecuniary levels. The former unites other Nigerians with subliminal appeal against a historical “Igbo question”. The latter enables the managers of expeditionary military deployments in the region to finagle more money for themselves using the excuse of preserving Nigeria’s territorial integrity. This would not be so if the situation were to be understood as a policing preoccupation with crime and criminality.
What’s the reality? IPOB’s business model does not stand a snowball’s chance in hell in any of the truly deadly sites of atrocity in south-east Nigeria. Awkuzu, host to the most horrendous atrocities in the region, is the site of “Nigeria’s most brutal police station” where hundreds, if not more, detainees have been killed extra-judicially. In Obosi, the ancient city on the banks of the Idemili River; and in Awka, the state capital, hundreds of young men routinely exterminate one another in murderous inter-cult and inter-gang warfare. In Ogbaru, located between the banks of Oguta Lake and the floodplains of River Niger, organized gangs mobilize deadly violence in sophisticated operations to rustle hydrocarbons. Lokpanta, the point along the Enugu-Port-Harcourt motorway where all the states of south-east Nigeria come close to sharing common borders, is an ungoverned territory where commercial kidnapping meets atrocity liquidation. None of these square with the convenience or simplicity of the secession narrative or with its profitability.
Turning to the second popular narrative about the situation in south-east Nigeria, the mythical “unknown” perpetrator is a figure of considerable antiquity in Nigeria. It has been around since the inconclusive judicial inquiry into the attack on Fela Anikulapo-Kuti’s Kalakuta Republic in February 1977, which blamed the incident on the “unknown soldier”. In 2011, the traditional ruler of Ihembosi, a community in Anambra State, was disappeared by “unknown gunmen.” They were also to blame in the violent abduction and subsequent disappearance in May 2014 of Chike Okoli, former Commissioner in the same state.
The legend of the unknown perpetrator in Nigeria has over the years emerged as both metaphor and measure of what is widely seen as state incapacity and leadership indifference to the scourge of impunity in the country. Far from an affirmation of unknown actors, Nigeria’s legend of the unknown perpetrator signposts a sense of popular despondency or loss of belief in the capacity of the state to end impunity for atrocities.
In the face of these tendencies, therefore, the third idea that the country or region can shoot its way out of this crisis is worse than wishful thinking. The complex landscape of drivers and factors in the situation in south-east Nigeria does not lend itself to such over-simplifications. To reprise a useful metaphor, it is more deserving of a scalpel than a hammer.
Over 24 months from 2022 to 2024, Bianca Ojukwu, the current minister of state for foreign affairs, and I together led a Truth, Justice and Peace Commission (TJPC) into the causes of the crisis in south-east Nigeria, the perpetrators, the consequences and possible solutions. The commission met and consulted with hundreds of victims and witnesses, including the security services, community leaders, clergy, politicians, vigilante elements, as various armed militias in the region.
Two things were evident. One is that the situation in the south-east is fundamentally a crisis of governance and of popular lack of belief in the legitimacy of many in political office in the region. The second is a clear desire on the part of most people to recover their communities and address the tasks of reconstruction and healing from the traumas of the violence.
There are no easy answers to these, but there are common threads. Rather perversely, the perpetrators who insist on rendering the region uninhabitable and the security providers who feed the secessionist trope are both engaged in a mutually profitable joint enterprise. Neither wishes insecurity in the south-east to end. This is why the audacity of Governor Chukwuma Charles Soludo in enacting the new Anambra State Homeland Security Law, 2025, is welcome because it evinces a durable solution to the crisis. The law establishes a complementary security provider for the state called “Agun’echemba” (sentinel at the gate) and launches Udo g’Achi (peace shall reign) targeting atrocity insecurity.
Several aspects of the new law have come under scrutiny. In particular, section 18 which targets transactional ritualism has drawn attention, with claims that it lacks the clarity required to pass constitutional muster and discriminates against traditional worship. For context, the TJPC which I led met twice with Juju priests. Separately, I met privately with some senior exponents of the trade. They were united in acknowledging that some amongst them had chosen to parlay their skills in support of atrocity insecurity and made detailed proposals, including asking the government to help root out such practitioners, prohibit infiltration, and regulate and support legitimate practitioners.
The TJPC report diagnosed this phenomenon as “transactional accultism”, which it identified as enabling “violent cultism” and “the crisis of insecurity”. The report argues that this is “a major component of the psychological armor plate of impunity” providing the perpetrators of the violence with deadly rituals which lead them to believe that they have “an aura of both impenetrability to projectiles and invincibility in the field of atrocity, an immense psychological boost in an environment of impunity.”
The law also targets the compounded deficit of legitimate political leadership as an underlying driver of the crisis of insecurity in the region. In 2005, the New Humanitarian reported on the situation in south-east Nigeria that “rigged elections increase disenchantment”, explaining that sympathy for separatism “has been growing since the general elections of April and May 2003, which were marred by widespread allegations of vote rigging.” Officeholders who are widely seen as lacking legitimacy are liable to be compromised when confronted with atrocity insecurity. Instead, they get reduced to belligerents instrumentalizing the violence rather than seeking to end it. In this law, Governor Soludo shows he is different.
Above all, this law also addresses the need to rebuild the capacity to administer criminal justice fairly and effectively, beginning with responsible policing; capable magistrates, coroners and the office of the Directorate of Public Prosecutions (DPP). In many states in the region, the police have been rendered destitute of confidence, denuded of the trust of communities. Similarly, most magistrates are desolate and DPP’s offices in the region are unfunded, leaving prosecutorial personnel at the mercy of self-interested parties or of adversaries who threaten them into being ineffectual. The result is that in much of the region, all sides glamourise summary, arbitrary or extra-judicial killing as the solution to crime or deviance, disagreement or dissonance.
None of these is easy to implement. As a programme, it confronts organized opposition from those who have profited so far from the over-simplification in a single narrative of secession that has bedeviled the search for solutions to the situation. The present government of Anambra state has demonstrated single-mindedness ending this. For that, it deserves support and other states in the region can adapt this model.
A lawyer and a teacher, Odinkalu can be reached at chidi.odinkalu@tufts.edu
Ebonyi senator: Natasha Akpoti has history of making sexual harassment claims against prominent figures
Peter Nwaebonyi, deputy chief whip of the senate, says Natasha Akpoti-Uduaghan has a history of making “reckless and false allegations of sexual harassment against prominent figures”.
Nwaebonyi said the sexual harassment allegations tabled by Akpoti-Uduaghan, senator representing Kogi central, against Senate President Godswill Akpabio is a desperate attempt to divert attention from legitimate disciplinary proceedings.
The rift between Akpabio and Akpoti-Uduaghan began following a recent seat reallocation in the red chamber.
Akpoti-Uduaghan firmly resisted her new seat placement after the rearrangement, claiming the move was intended to stifle her voice.
The issue came to a head on Friday when Akpoti-Uduaghan accused the senate president of attempting to make sexual advances toward her in his office and home.
The allegation triggered responses from prominent Nigerians, including a lawsuit by Ekaette Akpabio, the senate president’s wife, while others demanded an investigation into the claims.
Bukola Saraki, former senate president, who voiced his concern in the controversy, said the senate ethics committee must conduct a transparent probe of the allegations.
Saraki added that “both parties must submit to the investigation, fully cooperate with the committee, and stake their claims before it.”
‘SEXUAL HARASSMENT POLITICALLY MOTIVATED, DIVERSIONARY STUNT’
Reacting to the controversy, Nwaebonyi said Akpoti-Uduaghan’s claims were “politically motivated” and aimed at manipulating public sentiment.
He claimed that her allegations surfaced only after she was summoned for disciplinary action, questioning why no prior complaints were made within the senate or to female colleagues.
The lawmaker acknowledged Saraki’s call for transparency and protection but found the comparison between his experience and current allegations against Akpabio “flawed.”
“In Saraki’s case, the matter revolved around his official duties as Senate President— specifically, an accusation concerning the importation of an official vehicle,” Nwaebonyi said.
“The claim was factually incorrect, and Saraki, knowing this, subjected himself to scrutiny to clear his name. It was an administrative and procedural issue directly tied to his office, and a swift resolution through the Senate Ethics Committee restored confidence in the institution.
“In contrast, what we have before us today is a case of personal, unsubstantiated, and conveniently timed accusations— claims of sexual harassment that supposedly took place over a year ago but surfaced only after the accuser was summoned for disciplinary action.
“There was no prior complaint, no record of distress, no mention to her husband, and no disclosure to female colleagues in the Senate.
“Instead, the accusation was unleashed only at the point of reckoning, in a desperate attempt to divert attention from legitimate disciplinary proceedings.
“If we take Saraki’s argument to its logical conclusion, we would be establishing a dangerous precedent—one where any gold digger or habitual liar can throw out an unsubstantiated allegation and expect the Senate to come to a halt while they are entertained.”
The deputy chief whip further described Akpoti-Uduaghan’s allegations as “wild claims, media noise, and no evidence.”
Nwebonyi also questioned why the female lawmaker never addressed the issue in the red chamber and noted that she was appointed chairperson of the senate committee on local content before the alleged harassment.
While reaffirming Saraki’s concerns about senate integrity, Nwebonyi insisted that the institution must not be manipulated by “baseless allegations.”
He asked Akpoti-Uduaghan to pursue legal action if she had legitimate claims rather than using the senate and the media as a “shield against accountability.”
“This case, however, is about a personal vendetta and a desperate attempt to escape disciplinary action — the senate must resist the temptation to legitimize a distraction campaign designed to avoid legitimate scrutiny,” the Ebonyi lawmaker said.
He, however, implored the senate and Nigerians to remain focused and not allow blackmail to dictate the institution’s agenda.
[TheCable]
‘It’ll include Bitcoin, Ethereum’ — Trump to create US cryptocurrency reserve
The United States President Donald Trump has announced plans to create a cryptocurrency reserve to support the crypto industry.
In a statement via Truth, a social media platform, on Sunday, Trump said a presidential working group has been directed to move forward on a crypto strategic reserve that includes Bitcoin, Ethereum, Solana and more cryptocurrencies.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” he said.
“I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!
“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!”
The announcement comes almost two months after the US president launched a meme coin called $Trump.
Trump had made his support for the cryptocurrency industry known during his presidential campaign last year, after his campaign team announced in May that supporters can make donations in crypto, including Bitcoin, Ethereum, and Dogecoin.
Five months later, he began promoting World Liberty Financial, a crypto venture set up by his longtime business partners and others.
World Liberty began selling its token to qualified investors to raise $300 million.
[TheCable]
[OPINION] One house, two speakers - Ehi Braimah
Are you still wondering what has been going on in the Lagos State House of Assembly? Never mind; it is the usual power dynamics on full display by our politicians. They have taken positions and fighting for leverage. No one is amused except that, this time, Lagos State – a highly prized jewel and the centre of excellence – is the latest victim of the show of shame that Nigerians put up with on a regular basis.
From the National Assembly to the State Houses of Assembly, what can we really point to as a higher sense of purpose that drives the conversations and engagements among our lawmakers? After the shenanigans that we witnessed in Rivers State in what turned out to be a long-running soap opera before the Supreme Court judgments, it never occurred to me that Lagos State would be the next perfidious playground.
Without a doubt, Lagos State is the richest state in Nigeria with a GDP of about $34 billion, followed by Rivers State with $21 billion, according to available data. These two states can stand on their own without federal allocations from Abuja. It is understandable that there’s so much at stake in Lagos State, but do we need the political chicanery?
But the bizarre behaviour of a majority of our political elite leaves a sour taste in the mouth. Politicians can align to protect their interests which is okay, but it should not be at the expense of Nigerians when our wellbeing should be their number one priority. What Nigerians want at all levels – from the local councils to the subnational governments and federal government – is exemplary leadership, and I do not think we are asking for too much.
According to John Maxwell, a world renowned leadership expert, “Being a great leader is all about having a genuine willingness and true commitment to lead others to achieve a common vision and goals through positive influence.”
Maxwell also says, “A leader knows the way, goes the way and shows the way.” Great leaders craft a vision for progress and foster a buy-in culture from their followers.
Lagos State not only has the highest urban population in Nigeria, it is arguably the 6th largest economy in Africa arising mainly from its commercial and industrial activities. It explains why the internally generated revenue (IGR) reached a historic N1 trillion milestone last year.
The 40 members in the Lagos State House of Assembly have always worked together in peace and harmony over the years based on a leadership structure for Lagos that is superintended by the Governance Advisory Council (GAC).
However, on January 13, 2025, an unexpected turn of events led to the impeachment of Mudashiru Obasa, speaker of the house of assembly, who staged a dramatic comeback last Thursday and presided over a plenary of only four members. Although Obasa declared that he had returned as speaker, the purported plenary was a joke taken too far.
Meanwhile, Obasa has instituted a legal challenge to what transpired on January 13 while he was away in the United States on vacation. At that time, the house of assembly was on recess. Politicians say when they have a problem, they will find a political solution. But when they don’t, you will see them washing their dirty linen in the public and end up in court, keeping their Lordships busy and working overtime. Never have a dog in their fight.
When Obasa who had been speaker of the house for 10 years was impeached, 36 members voted in favour of the resolution, but Obasa is faulting the process because the House Rules, according to him, requires the majority leader to inform the clerk to notify the members to resume.
But the clerk must obtain the prior approval of the speaker before the notice of resumption from recess can be circulated. Obasa says this process was breached, because, as it turned out, the plan to remove him was an “urgent matter” that had been hatched and consecrated by his political adversaries.
Obasa has also not helped his own case because of his alleged highhandedness, arrogance and overbearing nature. “As speaker,” some insiders alleged, “Obasa had become too powerful and disrespected some of his political associates.” A case in point was when the Lagos State 2025 budget was scheduled for presentation. Obasa kept Babajide Sanwo-Olu, the governor of Lagos State and members of GAC waiting for longer than necessary.
The impeachment process produced Mojisola Labat Meranda as the new speaker of the Lagos State House of Assembly with 35 members of the house rooting for her. Their aim was to effect a change in the power calculus in the house.
But this is just the beginning of the crisis which has been receiving multiple interventions by some elders like Chief Segun Osoba, a media titan and former governor of Ogun State, and Chief Bisi Akande, former governor of Osun State – two influential stalwarts of the All Progressives Congress (APC).
These elders have called for truce from the warring parties which requires a multifaceted approach, but politicians are good chess players and the end will always justify the means. Although the presidency was fingered as backing Obasa to instigate the crisis, it is not entirely true. The facts of the matter do not support this allegation. What is playing out is the usual political intrigues and the fight for relevance by Obasa and his supporters. Insiders say President Bola Ahmed Tinubu was unaware of the plot to remove Obasa, one of his foot soldiers and die-hard loyalist which many see as an affront to the presidency.
In order to take care of the interest of all the critical stakeholders, what is likely to happen is that Meranda will resign and Obasa will perish the idea of returning as speaker. Since Obasa is from Agege 1 Constituency in the Lagos West Senatorial District, the next speaker, according to a very dependable source, is expected to emerge from that District and the likely beneficiary is David Setonji, a civil engineer and current chief whip of the house of assembly representing Badagry constituency. Both Babajide Sanwo-Olu, the governor and Meranda are from the Lagos Central Senatorial District.
This scenario is likely to pave the way for Obasa, all things being equal, to head to the Senate in 2027 in a game of political engineering and brinkmanship. The rally by Obasa and his supporters after he returned from his vacation was stage managed to display his political sagacity and make the point that he will not go down without a fight.
My reading of the situation is that he poured gasoline into the raging fire by taking the additional step of convening the plenary, not to pre-empt the court hearing which was to hold the next day, but to escalate the matter based on the script he held close to his chest which was being used to manipulate the crisis by his sponsors. Clearly, Obasa could not have been acting alone.
Besides Osoba and Akande, Babajide Sanwo-Olu, the APC leaders in Lagos State and Abuja, and GAC members must work together to prevent any further escalation of the crisis. The situation in Rivers State and Lagos State are similar, but they are not taken from the same playbook. It is why I am hopeful that the efforts of peacemakers Osoba and Akande – the bridge between Abuja and Lagos – will yield the desired results within the shortest possible time.
Since Obasa went to court to challenge his impeachment, he should be patient and take it easy. When you are speaker for 10 years, it should count for something. At the end of the day, it is Lagosians that are bearing the brunt of the needless crisis.
How can Babajide Sanwo-Olu function effectively when the house of assembly is divided? In fact, the governor has also been accused in certain quarters of being responsible for the crisis because he wanted checkmate Obasa and teach him a political lesson. Can this be true? I do not have any empirical evidence to support this claim, but who is to be blamed for the ongoing crisis? That is the story of our democratic culture and political evolution which manifests in power play in high places.
Well-meaning political leaders and stakeholders must rise above the fray and douse the tension immediately. I challenge the sponsors of the political gladiators – whoever they maybe – to act in the interest of Lagosians and do the right thing in order to save our Lagos.
Braimah is a public relations consultant and marketing strategist. He is also the publisher/editor-in-chief of Naija Times (https://ntm.ng) and Lagos Post (https://lagospost.ng), and can be reached via ehi.braimah@neomedia.com.ng.