General News
President Jonathan’s PDP is a ‘Criminal’ Party —El-Rufai
Mallam Nasir el-Rufai, the All Progressives Congress (APC) flag bearer for Kaduna State gubernatorial election next year has described the Peoples Democratic Party (PDP) under President Goodluck Jonathan as a “criminal” party.
El Rufai, who spoke during a courtesy visit to the correspondent chapel of the Nigeria Union of Journalists in Kaduna at the weekend claimed that the PDP he belonged to was different from the one being headed by President Jonathan, saying the party no longer had respect for the rules and processes.
“It is a big mistake to say that the PDP of 2003 is the same as the Jonathan’s PDP. The PDP that I was a member had rules and processes. Let me give you one example. As a minister of FCT, I demolished a house belonging to the Chairman of the PDP.
“Today, no minister of the FCT can touch the house of a member of the PDP National Executive Committee. The PDP in 1999 was not the same as the PDP of today. The PDP of today is a criminal PDP.
“They have no regard for rules. They say that they are Peoples Democratic Party but they have no regard for the people and democracy.
“I was minister on the platform of the PDP but I was not a minister because I was in PDP. I was a minister on merit.”
He said he was not appointed a minister of the Federal Capital Territory by ex-President Olusegun Obasanjo as a member of the PDP but as a technocrat.
El Rufai, said that Ngozi Okonjo-Iweala, incumbent minister of Finance; Oby Ezekwesili , a former minister of Education, and himself were appointed by Obasanjo as “technocrats” and not on the basis of political party membership.
“The minister representing Kaduna State was Nenadi Usman, because the governor of Kaduna as at that time disowned me and said that I did nothing for the party. But Obasanjo told him that ‘whether you like it or not this man is going to be minister because I have a special assignment for him,’” he said.
Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million.
Tunde Ayeni, former chairman of defunct Skye Bank Plc,
This follows the probe of alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank Plc through companies linked to Ayeni.
He was arrested by EFCC operatives in Abuja on April 23, 2026, and is still been held in custody as at the time of filling the report.
Dele Oyewale, spokesperson, EFCC, confirmed the arrest on Friday but declined to provide further details.
Ayeni is under investigation for diverting funds obtained for marine security, electricity distribution, and real estate projects into other unknown projects.
Investigators allege the loans were instead channelled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.
About 12 firms believed to be connected to Ayeni are also under investigation for their role in securing the loans.
The EFCC is expected to file charges once the investigation is concluded.
Summit Household Solutions Limited has opened its ultra-modern manufacturing facility in Ota, Ogun State, as part of its efforts to scale production of home and personal care products in Nigeria.
The plant, which started operations in April 2025, produces items such as dishwashing liquids, handwash, sanitisers and multipurpose liquid soaps, with an annual capacity estimated at 7,000 tonnes.
Commissioning the facility on behalf of Governor Dapo Abiodun, the Permanent Secretary, Ministry of Commerce, Trade and Investment, Mr Kehinde Akintomide, said the investment reflects growing confidence in Ogun State’s business environment.
He noted that the state hosts over 6,000 manufacturing firms and described the development as consistent with ongoing efforts to promote industrialisation, attract investment and reduce reliance on imports under the Federal Government’s Renewed Hope initiative.
Akintomide disclosed that the factory has already employed more than 50 Nigerians, with projections to exceed 250 jobs as operations expand.
In his remarks, the General Manager of the company, Mr Sadiq Ali, said the facility represents a major step in Summit’s growth plans, adding that its flagship brand, 2Sure, currently leads production at the plant.
He also revealed that the company is preparing to introduce new home and personal care products later this year.
Summit Household Solutions manufactures the 2Sure brand and has expanded into the personal care segment with Lewar, a premium beauty soap line positioned for quality and affordability.
Among dignitaries present were the Onikotun of Otun, Ota, Oba Abdulakeem Odunaro, representing the Olota of Ota, Prof. Adeyemi Abdulkabir Obalanlege; the Agba Akin of Ota, Chief Dada Olusola; Director of Investment, Ms Yemisi Folarin; Director of Industrial Promotion, Mr Femi Adeboye; former Managing Director of 7Up Bottling Company, Mr Ziad Maalouf; and the Chief Executive Officer of OmniRetail, Mr Deepanker Rustagi.
Speaking at the event, Maalouf, who conceived the 2Sure brand during his time at 7Up Bottling Company, expressed satisfaction with its growth and commended Summit Solutions Limited for advancing the brand.
The special guests were conducted around the facility, and the programme was concluded with a luncheon.
The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.
The move comes amid stalled diplomatic efforts and a fragile ceasefire in the region.
U.S. Treasury Secretary Scott Bessent confirmed that authorities are sanctioning multiple crypto wallets tied to Iran. “We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said.
Tether, which facilitated the transactions, said it worked with U.S. authorities to freeze the funds across two wallet addresses after receiving intelligence linked to unlawful activity.
A U.S. official said blockchain analysis revealed “material links” to the Iranian regime, including transactions routed through intermediary addresses connected to wallets associated with the Central Bank of Iran.
Responding to the development, Tether CEO Paolo Ardoino said the company does not tolerate illicit use of its stablecoin. “USD₮ is not a safe haven for illegal activity. When there is credible linkage to sanctioned entities or criminal networks, we act immediately,” he stated.
The crackdown underscores the growing reliance of sanctioned states on digital assets to bypass traditional banking restrictions. Data from Chainalysis shows Iran’s cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps reportedly controlling about half.
Analysts say while the freeze is significant, Iran has historically adapted to sanctions. Daniel Tannebaum of the Atlantic Council noted that targeting third-party actors enabling such transactions may be key to increasing pressure.
NCC Blames Growing Data Demand Network Quality Issues
EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud
Bank Customers to Pay N1,500 for ATM Card Issuance, Replacement – CBN
Summit Factory Opens in Ogun, Targets Hygiene Market Expansion
Kaspersky Discovers Vulnerability in Qualcomm Snapdragon Chips that can Lead to Data Loss & Device Compromise
NITDA Takes Over National Digital Architecture System
FG to Gift Nigerians over 100 Free TV Channels from May 15
FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion – Minister
Microsoft Revamps Copilot in Workplace AI Push
Dangote Refinery Debunks Speculations on IPO
Telecom3 days agoNCC Orders Telcos to Give Users Free Airtime for Poor Network Service
Telecom2 days agoNCC Blames Growing Data Demand Network Quality Issues
E-Financial2 days agoBank Customers to Pay N1,500 for ATM Card Issuance, Replacement – CBN
Telecom3 days agoMTN to Pay Subscribers After NCC Cracks Down on Service Failures
E-Financial3 days agoEXPLOSIVE: How Titan Trust Bank Allegedly Used Union Bank’s Own Assets to Fund Its Takeover
E-Financial2 days agoATM Card Fees Jump to ₦1,500 as CBN Scraps Maintenance Charges
E-Business2 days agoKaspersky Discovers Vulnerability in Qualcomm Snapdragon Chips that can Lead to Data Loss & Device Compromise
News2 days agoCADEF, Stakeholders Push for Zero Added Sugar Standards in Infant Foods