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Buhari Clueless on How to Overcome Recession –PDP

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Osibajo and Buhari
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Peoples Democratic Party (PDP) has said that the President Muhammadu Buhari administration lacks the fiscal discipline, knowhow and resolve to move the country out of recession.

The PDP said statements by Mrs. Kemi Adeosun, minister of Finance, that the present administration of Buhari will focus on fiscal discipline and diversification to move the country out of recession is a clear indication that the government is clueless.

According to the opposition party, available statistics show that Adeosun’s comments about fiscal discipline and diversification are mere empty rhetoric.

The PDP in a statement issued yesterday by Deji Adeyanju, director, New Media said, “ we believe a recession is not reversed by diversification. A recession is reversed by implementing a stimulus package designed to cut taxes, reduce the cost of doing business and boost spending on infrastructure and other critical sectors of the economy.

“ Available data shows that the Buhari administration has spent a meagre 19 percent of the allocation for CAPEX in #Budget2016. This sort of spending will not make any sort of impact on the economy.

“ Assuming, but not conceding that Mrs. Adeosun was right, the challenge is the past 15 months show that despite the glib talk, the Buhari administration is doing neither.

It said despite claims by the All Progressives Congress (APC) led government that it is weeding ghost workers from the system, “Nigeria’s wage bill increased from N1.65tr in 2014 to N1.83tr and N1.71tr in 2015 and 2016 respectively. These figures represent a combined total increase of N240bn from the wage bill in 2014.”

Furthermore, the PDP noted that, “ two days ago, the Central Bank of Nigeria (CBN) released its economic report for Q2 2016, which showed that the FG incurred a N1.09tr deficit for the quarter. This deficit was 96 percent higher than the N555.49b allowed.

“Total expenditure for this period stood at N1.76 trillion, surpassing the provisional quarterly budget estimate by 12.8 per- cent, representing a 58.1 percent increase of the Q1 expenditure.

“ These figures show an abject lack of fiscal discipline in the management of the nation’s finances by the Buhari administration.

“On diversification, GDP figures re- leased by the Nigerian Bureau of Statistics (NBS) yesterday show that the Buhari administration is doing significant harm to non-oil sectors of the economy. Some of those figures include: Non oil GDP contracted by -0.38 percent in Q2 2016 from -0.18 percent in Q1 2016 and 3.46 percent in Q2 2015.Furthermore, CBN figures show that non-oil export fell by 43.2 percent to $576.97m in Q2 2016. As the data shows, even sectors that experienced growth in Q2 have slowed considerably compared to Q1 2016 & Q2 2015.”


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‘Fraudsters Have Cloned my Voice’- Akume

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George Akume, secretary to the Government of the Federation, has raised alarm over the activities of a criminal syndicate allegedly cloning his voice and using it to defraud unsuspecting Nigerians with promises of Federal Government appointments.

‘Fraudsters Have Cloned my Voice’ – Akume

George Akume, SGF

In a statement issued by Yomi Odunuga, his special adviser on Media and Publicity, on Thursday, Akume said the fraudsters have impersonated him in audio calls and text messages, targeting high-profile individuals and soliciting payments ranging from ₦5 million to ₦15 million in exchange for phantom political positions.

“From information available to the office, the fraudsters cloned the voice of the SGF, using it to solicit money in return for federal appointments,” the statement read.

The SGF further revealed that the scammers not only cloned his voice but also spoofed the phone numbers of other high-profile individuals to give credibility to their fraudulent scheme.

“These scammers attach bank account details to messages sent to victims and request them to send their CVs to cloned emails,” Odunuga added.

The statement noted that the fraudsters have been operating through both traditional bank accounts and fintech mobile wallets, complicating efforts to trace the financial trails.

Distancing himself from the illicit scheme, Akume stressed that appointments to Federal Government boards and parastatals are transparent and not for sale under any guise.

The statement noted, “Senator Akume emphasized that the appointment processes for Nigerians into boards and parastatals are transparent and verifiable, urging individuals not to pay any money in expectation of securing a position.”

The Office of the SGF confirmed that it has notified relevant security agencies, urging members of the public to report suspicious calls or messages to law enforcement.

“The Office of the SGF strongly advises Nigerians to report the activities of these fraudulent people to the authorities while taking all precautionary steps necessary to avoid being victims of th


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Olukoyede, EFCC Chair Denies Forcing Ojulari to Resign as NNPC Boss

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Ola Olukoyede, executive chairman, Economic and Financial Crimes Commission (EFCC),  has denied claims that he compelled Bayo Ojulari, group chief executive officer, Nigerian National Petroleum Company Limited (NNPCL), to step down from his role.

Olukoyede, EFCC Chair Denies Forcing Ojulari to Resign as NNPC Boss

Bayo Ojulari,

The allegations stemmed from an August 2, 2025, online publication which alleged that Olukoyede and Adeola Ajayi, director general, Department of State Services (DSS),  pressured Ojulari into signing a resignation letter during a closed-door meeting in Abuja.

The report also suggested that Ojulari was interrogated over his purported links to Olatimbo Ayinde, British-Nigerian oil mogul, who is reportedly close to key figures in the present administration.

In a follow-up story, the news outlet further claimed Ojulari was later invited to the Presidential Villa, where First Lady Senator Remi Tinubu reportedly opposed his resignation.

Responding to the allegations, Dele Oyewale, spokesman, EFCC<  issued a statement on Wednesday on behalf of the Commission, noting that Olukoyede, through his legal counsel Adeyinka Olumide-Fusika (SAN), described the publications as defamatory and injurious to his integrity.

“The publications and the imputations conveyed by them are so damning and cannot be ignored or treated with levity,” the statement quoted.

Olukoyede denied any suggestion that he was acting at the behest of Ayinde or that his actions were influenced by external political figures.

A letter addressed to the editor of the publication, signed by Olumide-Fusika, reiterated the gravity of the claims and insisted on corrective measures.

“He, therefore, demanded that the medium acknowledge your wrongdoing, expressly admit that what you published and imputed against my client are false, apologise for it unreservedly and retract and pull down the stories from your newspaper website and social media handles,” the statement added.

Olukoyede said the story portrayed him as “someone that has betrayed and subverted public trust by submitting the authority of his public office and trust as Chairman of the EFCC to the dictates and directives of one Olatimbo Ayinde.”

Labelling the report as entirely fabricated, Olukoyede demanded an official apology and complete removal of the story from the outlet’s digital platforms within 48 hours.

 

 

 


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PalmPay Partners FG to Drive Data Protection Awareness

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PalmPay reinforced its commitment to data protection and youth empowerment with a ground-breaking partnership with the Federal Ministry of Youth Development to launch the Youth Data Protection Awareness and Training (YDPAT) Program, which is targeted at equipping over 1,000,000 Nigerian youths digitally over 3 years.

The training program, commissioned last week at the Shehu Musa Yar’ Adua Centre in Abuja, will focus on providing youths with the right knowledge and skills required to navigate the digital landscape safely. With over 70% of the Nigerian population consisting of youths, this is an important move to foster trust, security and youth-focused innovation.

Speaking at the launch, the Honourable Minister of Youth Development, Comrade Ayodele Olawande, commended PalmPay’s partnership in the actualisation of the program and described YDPAT as a bold step toward building a digitally literate and security-conscious generation.

In his words, “This is about building a privacy-first generation, one that is inclusive, future-facing, and globally competitive.” He also emphasised the low awareness of the Nigerian Data Protection Act (NDPA), 2023 and the critical shortage of certified Data Protection Officers (DPOs), despite over 500,000 data controllers operating in the country.

This position was equally supported by PalmPay’s Managing Director, Mr Chika Nwosu, who stated how data protection is as important as innovation in tech. He noted that PalmPay integrates privacy into every stage of its product development, ensuring that user information is safe.

Beyond ensuring data protection, PalmPay is committed to empowering young Nigerians with real opportunities for growth, with mentorship and internship placements for top-performing participants. It has led several youth-oriented initiatives, including the Purple Woman campaign, and Passing the Baton CSR for thousands of youths and women in urban and rural communities.

With a drive to achieve nationwide digital literacy, PalmPay is championing campaigns in Northern Nigeria, with more activations planned across various states.

 


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