General News
D. Day as 56m Nigerians Choose between GEJ and GMB
No fewer than 56 million Nigerians will file out today to elect the next president in an election believed to be the keenest in the history of the country, according to Punch newspapers.
The figure represents 81.9 per cent of the total number of 70,383,427 voters that registered for the election.
The ruling Peoples Democratic Party presidential candidate, Dr. Goodluck Jonathan and the opposition All Progressives Congress candidate, Gen. Muhammadu Buhari (retd) are once again asking for Nigerians’ votes in this year’s general elections to enable them to lead the country.
The two political gladiators contested in the 2011 general elections won by Jonathan. But this year’s election has generated much tension across the country following the near equal strength of the two major presidential candidates in the poll.
According to Punch, the Independent National Electoral Commission had in February shifted the general elections as a result of insecurity in the North-East and poor distribution of the Permanent Voter Cards.
The INEC Chairman, Prof. Attahiru Jega, had said that the commission was empowered by Section 26 (1) of the Electoral Act 2010 (as amended) to shift national elections due to some factors.
He explained that the postponement followed reports by the National Security Adviser, Col. Sambo Dasuki (retd.) and other service chiefs that their agencies would not be able to guarantee security of the commission’s personnel in some parts of the country. Jega had denied that INEC was forced to shift the polls, adding that the electoral body took the best decision under the prevailing circumstances.
“Nobody has forced us to take this decision; it is a very weighty decision, but under the present circumstances, we have taken the best decision and we stand by it,” he had said.
The postponement of the elections was said to have given security agencies the opportunity to reduce the insecurity posed by the Boko Haram terrorist group in the three North-Eastern states of Borno, Adamawa and Yobe as well as to allow the electoral body to improve in its distribution of the PVCs.
INEC, in its bid to ensure credible conduct of the elections, introduced a lot of innovations, including the PVCs and the smart card readers to prevent rigging.
The electoral body also increased existing polling units by 30,000. By this addition, the total number of polling units across the country’s 774 local government areas is now 150,000 from the initial 119,973.
The creation of the additional units was contained in an INEC bulletin signed by the Director in charge of the commission’s secretariat, Ishiaku Gali.
Gali had said the decision to create the additional polling units was taken at the commission’s meeting on August 12, 2014 so as to decongest polling units across the country.
As Nigerians elect the new president today, however, the electoral body has put the current total number of registered voters at 70,383,427 of which Lagos State with 5,426,391 has the highest number of registered voters. Nigeria’s commercial capital is followed by Kano with the second highest number of registered voters of 4,751,818.
Meanwhile, INEC has warned the electorate to shun activities that could trigger off breakdown of law and order as they vote for the candidates of their choice.
The Resident Electoral Commissioner in Ekiti, Mr. Sam Olumekun, and Head, Voter Education in Kwara State, Mr. Jacob Iyanda, asked the electorate to remain orderly while casting their ballots.
Olumekun, who spoke with Saturday PUNCH through the commission’s Public Relations Officer, Alhaji Taiwo Gbadegesin, said, “Voters are to be orderly and follow the instructions of electoral officers. They are not supposed to accept bribe because that is against the ethics of the election.”
Also, Iyanda warned voters or politicians against canvassing for votes during accreditation.
He said, “Voters are expected to come to the polling units with their PVCs. Secondly, they should follow the instructions of INEC officials because they are going to move from one point to the other in the process of accreditation.
“Voters should not canvass for vote, they should not wear any clothe or cap that has symbol of any political party. No symbol of a political party should be found on them. Voters should cast their votes and if they know they want to stay back to watch the proceedings, they should stay quietly and stay out of trouble.
“It is also wrong for them to accept bribe from party agents to cast their votes.
“Voters should make sure that once they finish accreditation between 8am and 1pm, by the time the real voting is supposed to come up by 1.30pm, everybody is supposed to be at the polling units. Once the voters are called to queue up and counted, then it will be difficult to start looking for someone who is not around. So before 1.30 pm, all voters must have converged on the polling units.”
The Deputy Director in charge of Voter Education in Osun State, Rev. Canon Stephen Ojewande, warned politicians and their parties against making provocative comments that could create bad blood among voters.
Urging voters to conduct themselves at the polling units while exercising their civic responsibility peacefully, Ojewande assured them of adequate security.
He also warned that anyone caught canvassing for votes on the election day would be dealt with according to the provision of the law.
Ojewande said, “We want voters to go to their polling units with their PVCs. Accreditation will be done and after this, voting will start. Nobody should canvass for votes during accreditation or voting time.”
Head of Voters Education Department in Oyo State, Mr. Ayodele Folami, said voters were expected to arrive at the polling units by 8am for accreditation.
He said, “We have electoral guidelines guiding the conduct of our staff, ad-hoc members and voters. It is standard rule and having gone through more than a decade of democratic process, we expect voters to have acquainted themselves with the rules. They are expected to be at the polling units by 8am and cooperate with our staff while verifying their PVCs.
“They are also expected to be law-abiding and respect the next voter who could be loyal to a rival party. Normally, political discussion is not allowed around the polling units because it could lead to violence.”
Folami added, “At no time on the day of the election will candidates or their supporters be allowed to campaign. All campaigns stop before the day. Campaign on such day is against electoral guidelines. Any politician who does so on the days of the elections will face the law and could jeopardise his chances or that of his candidate. It is also a crime to take bribe from party agents to cast vote for their candidate on election day.”
In Plateau, the police said that they had taken measures, along with all relevant authorities and stakeholders to forestall breakdown of law and order during the polls.
The Police Public Relations Officer, DSP Emmanuel Abuh, said that the police are also in touch with heads of various institutions, including universities, asking them to sensitise members of their communities against being used by unscrupulous politicians or taking the law into their hands.
He said, “Just as we have been briefing various stakeholders on the preparations for the elections, the police are working round the clock. No segment of the society will be left or neglected. Every precautionary measure has been taken to ensure that there is no breakdown of law and order.
He added, “As you can see, all the security agencies in the state carried out a show of force round the streets of Jos and its environs. This is to show you that we are serious about the election.”
Assistant Registrar, Information and Publication, University of Jos, Mr. Aaron Abdullahi, said that the institution did not envisage any problem during the polls as students are currently on break till April 16.
Abdullahi said, “The students are currently on break until April 16, but we have adequate security cover on campus right now. UNIJOS security staff members are currently on one-week intensive training from Monday, March 23 to 27. The resource persons are drawn from the police, DSS, military and other security experts.”
Meanwhile, the Federal Road Safety Commission said the body had deployed 20,000 personnel and 413 patrol vehicles along designated routes for today’s elections.
Corps Marshal, FRSC, Mr. Boboye Oyeyemi, said this was to ensure sanity on the nation’s highways during the polls.
This is contained in a statement signed by the Spokesperson for the commission, Mr. Imoh Etuk, and made available to Saturday PUNCH in Abuja on Thursday.
It said the commission had drawn a roadmap toward effective patrolling of designated routes on the highways to ensure best road safety practices among road users during the exercise.
It said the 24 Emergency Ambulance Response Centres at the various routes across the country would also complement efforts of the commission.
The routes are: FCT, Kaduna, Gombe, Jigawa, Taraba, Niger, Kogi, Ondo, Edo, Osun, Nasarawa, Plateau and Kwara states where the centres were located.
He said, “Motorists are hereby enjoined to ensure proper planning and management of trips through maintenance of their vehicles and compliance with traffic rules and regulations.
“ Road users are strictly warned to desist from all road vices such as overloading, speed limit violation, non-use of seat belt, route violation (driving against traffic), making/receiving calls while driving and night trips.
“Details of the objectives of this special exercise include the removal of obstructions from the highways; traffic control/decongestion and public enlightenment campaigns.
“Road users are strictly advised to desist from night trips and ensure that vehicles which ply the highways conform with safety standard,” the corps marshal added.
He listed functional head/tail lights, wipers, tyres, fire extinguisher, caution sign and non-defective windscreen as some of the basic conditions to be met by all motorists.
Oyeyemi urged motorists to call the FRSC Toll Free Emergency Numbers: 122 and 070022553772 to report any traffic crash or any other traffic-related challenges, for prompt response.
Federal High Court in Abuja has adjourned the Federal Government’s alleged tax evasion case against Binance Holdings Ltd. cryptocurrency exchange, until September 24, 2026, to allow both parties more time to pursue an out-of-court settlement.
Justice Emeka Nwite fixed the new date on Thursday after Moses Ideho, counsel to the Federal Government, informed the court that discussions aimed at resolving the dispute amicably were still ongoing.
Ideho, a deputy director of Legal and Prosecution at the Nigeria Revenue Service (formerly the Federal Inland Revenue Service), told the court that the matter, which had been scheduled for a report on settlement or continuation of trial, could not proceed.
According to him, one reason for the delay was the reported elevation of Justice Nwite to the Court of Appeal, while the second was the continued reconciliation efforts between the parties.
“The parties are still exploring settlement in the charge that led to this case,” Ideho told the court.
Sunday Agaji, counsel to Binance, did not oppose the application for adjournment, following which Justice Nwite postponed proceedings until September 24 for either a report on the settlement discussions or continuation of trial.
The case was previously adjourned on May 12 after both the Federal Government and Binance informed the court that negotiations were underway to settle the matter outside the courtroom.
Binance had first indicated its willingness to pursue an amicable resolution on March 24.
The cryptocurrency company was re-arraigned on July 12, 2024, on a four-count charge bordering on alleged tax evasion.
Ayodele Omotilewa, Nigerian representative, pleaded not guilty on behalf of the company.
The re-arraignment followed the removal of Binance executive Tigran Gambaryan and his colleague, Nadeem Anjarwalla, from the charge after the Federal Government amended the case to make Binance Holdings Ltd the sole defendant.
Justice Nwite had, on June 14, 2024, discharged and struck out the names of Gambaryan and Anjarwalla after the prosecution filed the amended charge.
Binance is also facing a separate criminal prosecution by the Economic and Financial Crimes Commission (EFCC), which accuses the company of laundering about $35.4m.
In addition, the Nigeria Revenue Service is pursuing a separate civil suit against Binance before another judge of the Federal High Court, seeking approximately $79.5bn in alleged economic losses linked to the company’s operations in Nigeria.
Oodua Youth Coalition (OYC), a Yoruba socio-cultural group, has issued a notice to stage peaceful picketing at MTN Nigeria offices nationwide.
This action stems from the company’s alleged failure to publicly condemn recent xenophobic attacks against Nigerians in South Africa.
This is coming despite statement by Karl Toriola, chief executive officer, MTN Nigeria, who recently said that MTN may have originated from South Africa, he explained, but MTN Nigeria is a Nigerian publicly quoted company, managed by Nigerians and with a Nigerian board.
However, in a statement jointly signed Olatunji Adejuwon and Olaoye Abolaji,vice president and national secretary respectively of OYC, described MTN Nigeria’s silence as unacceptable, given the company’s South African roots and the patronage it enjoys from Nigerians
The coalition said it would proceed with a peaceful protest if the telecommunications company continued to ignore its demands, stressing that the action was intended to draw attention to the need for corporate responsibility and moral leadership in condemning xenophobic attacks against fellow Africans.
“Consequently, the Oodua Youth Coalition hereby gives notice that we shall, without hesitation, commence a peaceful picketing of MTN Nigeria’s offices if the company continues to ignore our legitimate demands.
“Our action is intended to draw attention to the need for corporate responsibility and moral leadership in condemning acts of xenophobia against fellow Africans,” the statement said.
The group renewed its call on MTN Nigeria to immediately convene a press conference, with representatives of the coalition in attendance, to unequivocally condemn the xenophobic attacks and reaffirm its commitment to the safety, dignity and unity of all Africans.
It maintained that the proposed protest would be peaceful, orderly and in accordance with the laws of the Federal Republic of Nigeria.
According to the coalition, relevant security agencies have been notified of the planned action, while appropriate communications have also been sent to the South African diplomatic mission in Nigeria.
“We once again call on MTN Nigeria to immediately convene a press conference, with representatives of the Oodua Youth Coalition in attendance, to unequivocally condemn the xenophobic attacks and reaffirm its commitment to the safety, dignity and unity of all Africans.
“We emphasise that our proposed action shall remain peaceful, orderly and in accordance with the laws of the Federal Republic of Nigeria. Relevant security agencies have been duly notified, and appropriate communications have also been sent to the South African diplomatic mission in Nigeria.”
Reaffirming its commitment to defending the rights and dignity of Nigerians, the coalition vowed not to relent until its concerns received the desired attention.
“The Oodua Youth Coalition remains committed to defending the dignity of Nigerians and promoting African solidarity. We will not relent until our concerns receive the attention they deserve,” the statement added.
Responding to the controversy, Toriola further condemned all forms of xenophobia and violence against Africans living in South Africa, insisting that MTN Nigeria is a Nigerian company with substantial local ownership.
“We unequivocally condemn any form of xenophobia, violence or attacks against any community in the world. We’re a Nigerian company, through and through. We’re listed on the stock exchange with over 201,000 retail investors, and 11 million people hold shares through their pension funds in MTN Nigeria.
“We provide the digital backbone of the economy, and we have a completely Nigerian entity.
“Yes, MTN was founded in South Africa, and the parent company that is the majority shareholder is South African. But let’s also look at it objectively. The shareholding of MTN Holding South Africa is only 50 per cent African.
“The remaining 50 per cent is from across the world — 27 per cent from the United States, with the rest from the United Kingdom, Europe, the Middle East and the Asia-Pacific region,” Toriola said.
By Bidemi Oke
Every civilisation has been built on one invisible infrastructure. The Romans built roads. The Industrial Revolution built electricity. The Internet built information. The next economy may be built on something far less tangible.
Trust
That sounds counterintuitive because we have spent centuries believing that money is the foundation of every economy. It isn’t. Money has never been the foundation; it has simply been the mechanism through which trust is exchanged. Every major financial innovation, from coins and paper notes to credit cards, online banking and blockchain, has been humanity’s attempt to solve the same problem: “how do we help strangers trust one another without ever meeting?”
Seen through that lens, today’s financial revolution looks very different.
Most discussions about digital finance revolve around whether cash will disappear. We debate mobile wallets, central bank digital currencies, cryptocurrency, real-time payments and digital banking. Yet these conversations often mistake the visible change for the actual transformation.
The real shift is not that money is becoming digital. The real shift is that trust is becoming programmable. That single idea explains why the financial landscape is changing faster than many people realize.
For decades, finance has depended on institutions to create confidence. Banks verified identities, governments authenticated currencies, contracts relied on lawyers, payment networks validated transactions and every exchange involved an intermediary whose primary role was to reassure two parties that the system could be trusted.
Technology is quietly rewriting that arrangement
Today, identities can be verified digitally. Transactions can be authenticated within seconds, smart contracts can execute agreements automatically once predefined conditions are met, and artificial intelligence can detect suspicious activity before humans notice it. Increasingly, confidence is being built into the infrastructure itself rather than added afterwards.
This is why I believe we need a new way to think about the evolution of finance, not as a journey from cash to digital payments, but as “three generations of financial trust”.
The first generation was Physical Trust. Trust was tied to tangible assets like gold, paper currency, handwritten signatures and face-to-face interactions. Confidence came from what people could physically see and hold.
The second generation was Institutional Trust. As economies expanded, institutions became the guarantors of financial confidence. Banks, regulators, payment networks and financial intermediaries enabled transactions at a scale impossible through personal relationships alone. Trust shifted from physical objects to established organisations.
We are now entering the third generation: Programmable Trust.
Here, trust is embedded directly into technology. Verification happens automatically. Payments settle in real time, financial services become integrated into everyday experiences instead of existing as separate destinations. Increasingly, people interact with trusted systems rather than trusted institutions alone. That distinction is more profound than it first appears.
Many organisations still measure digital transformation by counting how many services have moved online, but digitising an existing process is not the same as redesigning how trust flows through an economy. Converting paperwork into an application does not automatically create a digital financial ecosystem.
This explains why some economies process millions of digital transactions every day yet continue to face friction, inefficiency and limited financial inclusion. The missing ingredient is rarely another payment platform. More often, it is interoperable infrastructure, trusted digital identity, consistent regulation and systems capable of working together seamlessly.
In other words, the future of finance will not be determined by who builds the fastest application. It will be determined by who builds the most trusted ecosystem.
This has significant implications for Africa. The continent has rightly earned global recognition for accelerating digital financial adoption. Yet the next opportunity extends beyond increasing transaction volumes. The greater challenge is designing financial infrastructure where payments, identity, data, compliance and commerce interact intelligently rather than operating in isolation.
That is where long-term competitive advantage will emerge. Perhaps the greatest irony of all is that the more advanced finance becomes, the less visible it will appear.
People rarely think about the internet protocols that power a video call or the cloud infrastructure supporting an online purchase. Likewise, future generations may hardly think about payment rails, settlement networks or blockchain architecture. Financial experiences will simply happen securely, instantly and almost invisibly.
History suggests that successful technologies eventually disappear from our attention not because they become less important, but because they become so reliable that we stop noticing them altogether.
So, are we entering a fully digital financial economy? Perhaps that is no longer the right question.
A more useful question is whether we are entering an economy where trust itself becomes digital infrastructure because if that is true, then the organisations shaping the future of finance are not merely moving money more efficiently.
They are redesigning how entire economies create confidence at scale and that may prove to be the most valuable innovation of all.
Bidemi Oke is the Chief Executive Officer of FlashChange, a fintech platform focused on secure digital asset exchange. He is an entrepreneur and vibrant leader, recognized for driving innovation and redefining access in the financial technology industry.
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