News
Edo 2024 Guber: Jacob Idinye Denies Involvement Of PDP In Attacks On Opposition Parties
A two time governorship aspirant in Edo State and a chieftain of the ruling Peoples Democratic Party (PDP), High Chief Jacob Egietseme Idinye has absolved his party of all blames in the series of attacks on the campaign trains of opposition parties across the state, saying the PDP abhors violence.
While reacting to the allegations of his party masterminding attacks on some members of the Labour Party and All Progressives Congress in the the state, the Etsako born media guru and politician described the allegation as baseless and untrue.
High Chief Idinye during a chat with some journalists in a popular hotel at his village in Agenebode (Etsako East, LGA) said, “It is irresponsible and reckless of the tottering political parties to level such a wild allegation without any substantial proof. Anywhere in the world, a winning side in any contest will never involve itself in any act of violence to disrupt its projected victory. Asue Ighodalo of the PDP poseses intimidation credentials that have already decimated his opponents and as well endeared him to the electorate. Impressively, various polls and pamutations have largely put him ahead of his opponents who are apparently pretenders and not serious contenders.
Idinye who is also a member of the newly inaugurated Etsako East LGA Campaign Council further said, “What we read recently in both social and traditional media are full of lies, innuendos, vituperative criticisms, and libelous. PDP is only be magnanimous and tolerant not to have them with legal suits. Moreover, the baseless allegation of the Labour Party and also of the All Progressives Congress accusing the ruling Edo State PDP of being responsible for the attacks of their supporters in Edo State is not only laughable but ridiculous and reprehensible.
“The PDP as the ruling party in Edo State remains the biggest stakeholder to ensure that there’s no breakdown of law and order. On behalf of my party I want to state unequivocally that PDP members were not involved in any attack. Our investigation into the concerned local governments and Wards made nonsense of the allegations.
“As a decent, disciplined and purpose-driven political party, our position has always been for the security agencies to do their jobs and bring those found culpable in any attack to book. Our leader and mentor, His Excellency Governor Godwin Obaseki is a lover of peace and unity, similarly our candidate, Dr Asue Ighodalo is also an Ambassador of peace who has utter disdain and contempt for violence. He will never be involved in any act of violence, neither does he have any history of same. A complete gentleman, brilliant, with bold ideas and competence, a man of integrity, dignity and moral rectitude.
“Those who alleged must be able to provide evidence and point at suspects and leave the rest to the police and other security agencies. We abhor violence as a party. Everybody has the constitutional right to support whichever party they choose and we don’t think that should make for any kind of violence. We don’t see the Labour or any other party as a threat in Edo our good works and scorecards.
“It’s important to put it on record that every indication points to our victory in the coming election in Edo State based on the widely acknowledged great performance of the state governor, His Excellency Godwin Obaseki and other elected and appointed government officials in this outgoing tenure.
“Our members have no business unleashing attacks on the opposition parties. The state government remains committed to the security of the lives and property of all Edo State citizens and residents irrespective of political affiliation.
“The Labour Party and All Progressives Congress attack dogs will do well if they desist from needless blackmail and face the substance of the expectations of the electorate, so churning out damaging and misleading footages and images on the social media with the vicious intent to sow seed of discord and spread falsehoods will only bounce back on these misguided elements alongside their paymasters. Asue Ighodalo clearly holds all the aces, he is not only contesting, but will record a landslide victory.”
Suspected Boko Haram terrorists have killed 15 mourners and abducted many in Kwaple, a village near the Chibok Local Government Area in Borno State.
Our correspondent gathered that the attack occurred around 7 pm on Monday when they gathered in a funeral rite for a community member.
Confirming the attack, the Chairman of Chibok Local Government Area, Modu Mustapha, said, “The terrorists attacked during a funeral, a lot of people were killed.”
A local source who pleaded not to be identified revealed that 15 people died, while many others were abducted.
“It was a horror experience when they came shooting. I was not there, but the information reaching me is that it was 15 people, mostly men, who died.
“They burnt an EYN church in the area, burned about five houses, and other properties,” the source added.
Meanwhile, efforts to reach the Spokesperson for the Borno State Police Command, ASP Nahum Daso, for details of the attack and other surrounding information proved abortive as he neither picked up nor returned calls.
Details later…
Naijablitznews reports that popular billionaire Emeka Daniel Okonkwo otherwise known as E-Money has been nabbed in Lagos by the Economic and Financial Crimes Commission, EFCC over alleged Naira abuse.
E-Money, who is the CEO of Emmy Cargoes Nigeria Limited and Five Star Music, was arrested in Lagos State for alleged abuse of the naira.
He is being investigated for allegedly spraying both Naira and US dollars at a party in Lagos in violation of Nigeria’s currency laws.
As at the time of filing this report the anti-graft agency has yet to issue an official statement regarding his arrest.
By Francesca Hangeior
Bitcoin-focused investment firms are stepping into the spotlight as key players in a growing global movement toward the widespread adoption of cryptocurrency as a reserve asset.
Industry leaders and market analysts suggest that this shift—commonly referred to as “hyperbitcoinization”—could eventually displace traditional fiat currencies and redefine global financial systems.
Adam Back, CEO of Blockstream and the inventor of Hashcash, believes that firms holding Bitcoin in their treasuries are strategically positioning themselves ahead of this potential transformation. “
Companies like Strategy are taking advantage of the gap between Bitcoin’s future potential and the current state of fiat money,” Back said.
He described the practice as a “logical and sustainable arbitrage” scalable enough to support large corporations transitioning their treasuries to Bitcoin.
One of the frontrunners in this strategy is Strategy, whose Bitcoin holdings have already generated over $5.1 billion in profit since the beginning of 2025, according to co-founder Michael Saylor.
The firm’s bullish stance on Bitcoin has been instrumental in legitimizing corporate treasury allocations into digital assets.
Across the globe, Asia is also seeing a surge in institutional Bitcoin adoption. Metaplanet, often referred to as “Asia’s MicroStrategy,” recently surpassed 5,000 BTC in holdings and aims to acquire 21,000 BTC by 2026.
These moves illustrate the expanding geographical spread of institutional confidence in Bitcoin’s long-term viability.
At the regulatory level, the climate in the United States is becoming more favorable. The Federal Reserve recently reversed its 2022 guidance that had discouraged banks from engaging with cryptocurrencies. Michael Saylor welcomed the development, stating that U.S. banks “can now begin openly supporting Bitcoin without regulatory concerns.”
In an even more significant move, President Donald Trump signed an executive order to create a national Bitcoin reserve using BTC seized in criminal investigations. The initiative marks a historic moment in the relationship between government and cryptocurrency, signaling a new era of state-backed digital asset reserves.
Bitcoin’s price growth is also outpacing inflation rates, bolstering the argument for its superiority over fiat currencies.
“Bitcoin’s price has been growing faster than traditional fiat currencies over four-year periods,” Back noted, emphasizing Bitcoin’s fixed supply and inflation resistance as core attributes driving its adoption.
As investment firms, multinational corporations, and now governments increasingly turn to Bitcoin, momentum is building for a future where Bitcoin could serve as a dominant global reserve currency.
With market experts projecting Bitcoin’s market cap could one day exceed $200 trillion, the financial world may be on the cusp of a historic transformation.
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