News
“Stop disturbing BDCs, they are not the cause of dollar rise’-Peter Obi cautions FG
By Emmanuel Agaji
The main opposition Voice and the Labour Party Presidential Candidate in last year’s general election, Peter Obi has advised government agencies arresting Bureau de Change operators to stop because they are not the problem of the naira fall or dollar rise.
Obi said in his X handle on Sunday that the action is primitive goes to show a poor understanding of the problems.
According to the LP leader, the recent reported attacks and disruption of the business activities of Bureaux de Change (BDCs) operators in different urban centers across the country by Government Agencies, are ill-advised and wrongly directed.
“Rather than solve the problem, the action will further escalate and worsen the exchange rate situation
in the country.
“The BDCs are not the primary suppliers of forex nor do they create demand. They only provide a market to sellers and buyers of foreign currency.
“They are part and parcel of every economy and can be found even in the developed economies of the world.
“To think that the BDCs are the cause of the declining value of the Naira is a smack on rational economic thinking.
“The only way to shore up the value of our currency is to move the country from consumption to production, especially export-led production, and fight corruption, which allows unproductive money to pursue the available supply of foreign currency.
“As long as Nigeria remains an unproductive economy and corruption continues unfettered with people in possession of unproductive excess cash, the value of our currency will continue to depreciate.
“It’s important therefore that government authorities properly understand the workings of a modern economy and channel their efforts accordingly, and stop ridiculing the nation in the eyes of global economies.
News
INEC adjusts Osun governorship election campaign period
The Independent National Electoral Commission, INEC, has announced adjustment for the campaign period ahead of the Osun State governorship election.
The adjusted schedule for the election was announced in a statement issued on Thursday by Mohammed Kudu Haruna, National Commissioner and Chairman, Information and Voter Education Committee.
“The Independent National Electoral Commission (INEC) issued the Revised Timetable and Schedule of Activities for the 2027 General Election and adjusted the Osun State Governorship Election forward by one week from the 8th of August 2026 to the 15th.
“As a result of this adjustment, the last day for political parties’ campaigns in the state is now midnight on Thursday, August 13, 2026, in line with Section 98(1) of the Electoral Act 2026, which provides that campaigns shall end 24 hours prior to election day.
“The Commission urges all political parties, candidates, and stakeholders to strictly adhere to the revised timeline.
“INEC remains committed to the conduct of free, fair, credible and inclusive elections,” the statement read.
News
Senator Abdulaziz Yari Accused of Using Billions to Secure Vice Presidential Ambition
Fresh allegations have surfaced against former Zamfara State Governor and current senator representing Zamfara West, Abdulaziz Yari, accusing him of engaging in large-scale financial inducements aimed at influencing political figures and advancing his ambition to become Nigeria’s Vice President.
According to claims attributed to unnamed sources, Yari is allegedly distributing billions of naira to politicians and influential individuals, while reportedly keeping detailed records of such transactions for potential leverage. The allegations suggest that these actions are part of a broader effort to position himself as a possible running mate to President Bola Ahmed Tinubu, should there be any change involving current Vice President Kashim Shettima.
The report further alleges that Yari has made substantial monthly payments to key political figures, including APC National Chairman Abdullahi Ganduje and First Lady Oluremi Tinubu, as well as providing funds to presidential aides to secure access and influence.
In addition, Yari is said to have targeted individuals within the inner circle of the President, including associates and family members. One claim alleges that he distributed millions of dollars during a recent birthday event for Gilbert Chagoury.
The senator is also reportedly linked to the establishment of a political support group, the Renewed Hope Network, allegedly funded with billions of naira and coordinated through political ally James Abiodun Faleke.
Further allegations tie Yari to past financial dealings involving late former President Muhammadu Buhari and former First Lady Aisha Buhari, with claims that funds were exchanged and later referenced during investigations into alleged fraud cases.
Sources also claim that Yari’s wealth is partly derived from illegal gold mining activities in Zamfara State, alongside consultancy payments reportedly received from the Federal Government.
As of the time of filing this report, there has been no official response from Yari or the individuals named in the allegations. The claims also remain unverified, and no formal charges or independent confirmations have been publicly established.
News
I Am Ready For 2027 – President Tinubu Declares
President Bola Tinubu on Thursday declared that he is ready to contest the 2027 election to seek a second term in office as Nigeria’s leader.
According to him, he is ready to break the shackles of ignorance and poverty, put freedom in the hearts of Nigerians and ensure democracy survives.
Taking a swipe at opposition parties, President Tinubu said he wants to give something different from the rascality or noise-making of a street convention.
According to him, the country must submit to the principles of separation of powers and respect the judiciary even when rulings don’t favour a particular group.
Naija News reports that Tinubu made the declaration when he met with the leadership and coordinators of the Renewed Hope Ambassadors at the Presidential Villa, Abuja.
Tinubu added that he can’t be intimidated by the antics of opposition parties and politicians, declaring that he was once in their shoes and understands the game.
“They want to scare me off? It’s a lie. I have been through this path before, and if I have to come back over and over again, I will do the same thing,” he added.
Meanwhile, the Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has berated former Vice President Atiku Abubakar over his interest in the 2027 presidency.
Onanuga argued that Atiku is simply pursuing a self-serving interest without regard for zoning or Nigeria’s power rotation arrangement, which gives preference to a southern candidate for the 2027 presidency.
According to the presidential media aide, Atiku has constantly disregarded zoning arrangements in his previous ambitions for the presidency, leading to a crisis in the Peoples Democratic Party (PDP).
He added that Atiku’s open declaration of intent to contest the 2027 presidency is following the same route and may plunge the African Democratic Congress (ADC) into similar troubles.
Onanuga, however, predicted that Atiku would suffer a resounding defeat at the polls, describing him as a man who never learns.
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