General News
NASS Leadership: Intrigues As APC Fails to Enact Will

The ruling All Progressives Congress (APC) suffered a crucial setback on Tuesday; as it failed to have its chosen candidates elected leaders of both arms of the National Assembly, according to Daily Independent.
The development, aside putting the party in power in very difficult position with the federal legislature, has dealt a blow on the authority of the APC, especially its strongman, Asiwaju Bola Tinubu, believed to have orchestrated the party’s position.
Daily Independent reported that in what was a clear repeat of the 2011 scenario in the House of Representatives when the then opposition Action Congress of Nigeria (ACN) connived with rebellious members of the then ruling Peoples Democratic Party (PDP), to deny the PDP the chance of installing its chosen candidate as Speaker.
This time, in what some see as payback time, PDP members in the Senate and House of Representatives connived with some members of the APC who were unhappy at the party’s choices to elect Senator Bukola Saraki and Yakubu Dogara as Senate President and Speaker respectively.
The APC leadership had picked Senator Ahmed Lawan and Femi Gbajabiamila as the party’s candidate for the position at a mock election held last Saturday.
The intrigues surrounding the fight for the NASS leadership crystallized yesterday when the party members, especially those in the Senate, shunned the meeting called by President Muhammadu Buhari, early in the day, to find a solution to the challenges bedeviling the party.
Instead they appeared in the chamber, and with the support of PDP members, formed a quorum, and went ahead to elect Saraki as the Senate President un-opposed.
In a Senate of 109 members, 57 members made up mostly of PDP members converged in the Senate Chambers, got inaugurated by the Clerk to the National Assembly, Salisu Maikasuwa, who acting on the letter of proclamation forwarded to him a week ago by President Muhamnadu Buhari, set the 8th Session of the National Assembly in motion.
With calls for nomination made, Saraki was the only one nominated for the seat at a time Senator Ahmed Lawan and his supporters were at the International Conference Centre, waiting for the arrival of President Buhari and the Saraki team.
He emerged un-opposed, following which affirmation vote was taken to ratify his election.
The PDP, however, played a fast one on the APC members when one of the PDP members and the immediate past Deputy President of the Senate, Ike Emweremadu, was nominated as Deputy President candidate to slug it out with Ali Ndume of the APC and Saraki’s running mate.
With their numerical advantage, the PDP members outwitted the few APC senators in the chamber, voting en-mass for Ekwerenmadu.
According to Daily Independent, those who know say Ekwerenmadu’s emergence was not happenstance, because on Monday night, news broke that Saraki had in the bid to win the support of the PDP caucus, agreed to support the bid to return the Deputy Senate President, who served for eight years to his prime job.
The emergence of Ekweremadu as Deputy Senate President is the first time a mixed leadership is presiding over the Senate.
With the “palace coup” in the Senate effectively executed, the battle field was shifted to the House of Representatives where the PDP members had struck an agreement with the Yakubu Dogara team offering him their support to emerge as Speaker against the candidature of Femi Gbajabiamila, the APC’s anointed candidate.
The animosity between the two camps was openly displayed even before the Clerk to the National Assembly was done with the assignment in the Senate.
As soon as the news filtered in that Saraki and Ekweremadu had clinched the seats in the senate, the supporters of Dogara both in the PDP and APC threw caution to the wind by engaging in wild jubilation, shouting “PDP” “PDP” “PDP”.
Ironically, Dogara in his last two elections into the parliament, was elected on the platform of PDP but about nine months ago, decamped to the APC to actualize his third term bid.
The lawmakers who supported Dogara did not hide their disdain for Gbajabiamila as they booed him when he entered the chamber at about 10.30 am.
However, the tide changed some minutes later when his supporters who were also at the ICC waiting to attend the meeting called by the President, came in, in droves.
Both camps began to engage each other in war of praise singing, causing much noise in the chamber.
At about 1:03 pm, the clerk of the House of Representatives Mohammed Sanni Omolori, concluded the roll call of members after the Clerk to the National Assembly, Maikasuwa had read the proclamation letter from President Muhammadu Buhari, in accordance with the law.
Of the 360 members, two persons were absent, leaving the floor to the 258 members to engage in the election of the principal officers.
With call for nominations made, Jibrin Abdulmumin, stood up to nominate Dogara for the position of Speaker, which was seconded by Chike Okafor.
Dogara accepted the nomination to the admiration of his supporters.
Minutes after, Mohammed Sanni from Bauchi state nominated Gbajabiamila for the contest and was seconded by Shuaibu Philips from Edo state.
As soon as Gbajabiamila accepted his nomination, the Clerk announced that secret ballot system would be adopted.
Members were called in a group of 10 and in alphabetical order of state of origin and asked to vote by writing the name of their preferred candidate.
The voting commenced at about 1:30 pm.
When the voting were concluded, and the ballots counted, Dogara emerged victorious with 182 votes, beating Gbajabiamila by a slim margin of 8 votes, as the APC adopted candidate scored 174 votes.
Wild jubilation erupted in the chamber, as Dogara’s supporters hugged one another while some supporters of Gbajabiamila who could not stomach the defeat were seen crying openly, while leaving the chambers.
The desire of the PDP to take absolute control of the lower parliament was however thwarted as members refused to nominate Leo Ogor, the immediate past Deputy Leader of the House, for the Deputy Speaker position. Ogor was said to have rallied the PDP members for Dogara, because he was promised the Deputy Speaker seat as compensation.
As soon as it dawned on Ogor that he had been edged out, he stormed out of the chambers angrily even before the nomination was made openly.
It took the intervention of some PDP members to bring him back into the chamber, and even then, he sat with anger openly visible on his face.
When nominations were made, Lasun Yusuf, an APC member from Osun State was nominated and put in the ring with Mohamned Tahir Monguno who was the Deputy Speaker-designate on the Gbajabiamila ticket. Yusuf garnered 203 votes to Monguno’s 153.
While the voting for the Deputy Speaker seat was still ongoing, the leadership of the APC in a statement issued by the party’s National Publicity Secretary, Lai Mohammed, raised objection to the game that played out on the floor of the House and the Senate Chamber.
Meanwhile, celebration broke out in Bauchi State as soon news of Dogara’s emergence filtered in.
He represents the Bogoro Dass/Tafawa Balewa Federal Constituency of the state. Youths, women and political groups, Muslims and Christians were almost united in celebration as almost every man on the street of Bauchi was elated with the emergence of Dogara as the 8th Speaker.
Dogar, 48, is from Gwaranga village in Bogoro Local Government Area of Bauchi State.
He scored 182 to beat his main rival, Femi Gbajabiamila, who represents Surulere Federal Constituency, Lagos state, in a keenly contested election. Gbajabiamila scored 174.
General News
SERAP Sues CCB over Electoral Act, New Tax law

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Code of Conduct Bureau (CCB) over its failure to investigate an alleged abuse of office in the National Assembly regarding the amendments to the Electoral Act and tax reform laws.

“Public officers hold their offices in trust for the people and must not deploy official power for personal or sectional advantage,” SERAP said in a statement on Sunday.
In the suit marked FHC/ABJ/CS/634/2026, SERAP is seeking an order of mandamus to compel the CCB to immediately probe lawmakers and executive officials involved in the processes.
SERAP specifically wants the CCB to investigate claims that critical provisions on electronic transmission of election results were secretly removed from the Electoral Act Amendment Bill, as well as alleged discrepancies between the tax reform bills passed by the National Assembly and the versions signed into law.
The group is also asking the CCB to refer any public officers found guilty of violating the Code of Conduct to the Code of Conduct Tribunal for prosecution.
No date has been fixed for the hearing.
The statement reads, “We’re also seeking an order of mandamus to direct and compel @CCBNigeria to probe the allegations that certain lawmakers and officers of the executive branch unlawfully altered some aspects of the tax reform bills, which resulted in differences between the tax laws passed by lawmakers and the gazetted copy available to the public.”
SERAP emphasised that granting the reliefs sought would help address critical concerns relating to conflict of interest, abuse of office, non-disclosure of interests, and reinforce adherence to due process.
The group added that, “It would serve to curb the erosion of the Code of Conduct for Public Officers in the exercise of legislative powers.”
“Where lawmaking is shaped by abuse of office and conflict of interest, it ceases to be a legitimate exercise of constitutional and fiduciary responsibility and becomes a legal and ethical infraction prohibited under the Code of Conduct for Public Officers,” the statement concluded.
General News
Tinubu Approves N3.3 Trillion Payment Plan to Boost Power Supply

President Bola Tinubu has approved a N3.3 trillion payment plan aimed at settling long-standing debts in Nigeria’s power sector, in a move expected to improve electricity supply and restore investor confidence.

The development was disclosed in a statement issued on Sunday by Bayo Onanuga, special adviser to the President on Information and Strategy.
According to the statement, the approval followed a final review of legacy debts accumulated under the Presidential Power Sector Financial Reforms Programme over 10 years, spanning February 2015 to March 2025.
“Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution,” the statement partly read.
The government noted that implementation of the repayment plan has already commenced, with 15 power generation companies signing settlement agreements valued at ₦2.3 trillion.
It added that the Federal Government had so far raised ₦501 billion to fund the initiative, out of which ₦223 billion had already been disbursed, while further payments are ongoing.
Explaining the significance of the programme, Olu Arowolo-Verheijen, special adviser on Energy to the President, said the initiative goes beyond debt clearance.
“This programme is not just about settling legacy debts. It is about restoring confidence across the power sector, ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably,” she said.
She added that the plan formed part of the sector reforms, including improved metering and the introduction of service-based tariffs.
“It is part of a broader set of reforms already underway, including better metering and service-based tariffs that link what you pay to the quality of electricity you receive.
“The government is also prioritising power supply to businesses, industries, and small enterprises because reliable electricity is critical to creating jobs, supporting livelihoods, and growing the economy.
“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” she added.
The presidency stated that the settlement of the debts was expected to enhance liquidity across the power value chain, leading to more stable electricity generation and improved service delivery.
President Tinubu also commended stakeholders for their roles in resolving the long-standing issues and confirmed that the next phase of the programme, known as Series II, will commence within the current quarter.
Nigeria’s fragile power supply has been marked by frequent grid collapses, low generation levels, and persistent outages affecting homes and businesses.
A 2024 report by Africa Trade Barometer disclosed that Nigeria loses an estimated $26 billion yearly to power failures.
It said businesses spend about $22 billion annually on off-grid fuel to offset the impact of power shortages. This further pushes operational costs.
“Economic losses arising from Nigeria’s electricity shortages are estimated to be USD 26 billion annually, without accounting for spending on fuel for off-grid generators, which is estimated to be a further USD 22 billion,” the report by Standard Bank said.
“In Nigeria, surveyed businesses must contend with a national grid that frequently collapses as it fails to meet a daily peak demand which is nearly four times its generation capacity,” it added.
General News
Union Bank Looted: How Former Directors Gambled with Billions and Nearly Destroyed a National Bank

The former directors and owners of Union Bank did not just fail, they engineered a financial disaster. They manipulated reports, hid massive losses, diverted foreign loans and treated depositors’ money like a private wallet.

Union Bank
Investigators uncovered billions of dollars in misconduct. These directors buried over ₦250 billion in losses, piled a $300 million foreign loan onto the bank without protection and then forced Union Bank to carry the burden. They even used the bank’s own funds to buy its shares, an outrageous betrayal of trust.
It didn’t stop there. Over $100 million was pulled out improperly, leaving the bank exposed and struggling. Loans meant for customers were secretly diverted into shady transactions. False reports were sent to lenders. The system was deliberately deceived.
This was not incompetence. It was exploitation.
By 2025, their actions had created nearly ₦400 billion in losses and over ₦147 billion in unpaid charges. The bank was on the edge.
The Central Bank of Nigeria (CBN) stepped in just in time. Without that intervention, Union Bank could have collapsed, dragging others down with it.
Now, the bank is stabilising. But let’s be clear: this recovery is happening in spite of those former directors, not because of them.
They didn’t build value. They destroyed it.
And Nigerians deserve to never forget who was responsible.
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