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Atiku, PDP Close Case Against Tinubu’s Election June 22

By Johnson Eyiangho, Abuja
The Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar and his party will on Thursday, June 22 close their case in their joint petition challenging the declaration of Bola Ahmed Tinubu as the winner of the February 25 presidential election.
The petitioners, according to a pre-hearing report were supposed to close their case yesterday but their lead counsel, Chief Chris Uche (SAN) brought to the notice of the Presidential Election Petition Court (PEPC) that they lost two days out of the days allotted to them and asked that the two days be returned.
The petitioners, who told the court during the pre-hearing session that they would call 100 witnesses, have only presented 25 witnesses so far.
Speaking with newsmen, Counsel to the petitioners said, they might call additional five witnesses to have a round figure of 30 witnesses.
Uche said some of the documents to be tendered in the remaining two days would take the place of the remaining 70 witnesses.
“We are closing our case on Thursday, it was supposed to end today (Tuesday) but because we lost two days, one of which was the June 12 public holiday, the court graciously extended our time by two days”, Uche told newsmen after the proceedings.
Earlier in the proceedings, the petitioners lamented the difficulties encountered in getting Certified True Copies (CTC) of documents out of the Independent National Electoral Commission (INEC) in aid of their joint petition challenging Tinubu’s election.
At the resumed hearing of the petition, Counsel to Atiku and his party told the court that, getting materials from INEC is like getting weapons from an opponent.
He told the Court that getting documents from INEC was very difficult, but commended the legal team of the electoral body, headed by Abubakar Mahmoud (SAN) for their assistance in getting some of the documents from INEC.
Uche applied for a stand-down in the proceedings to enable the petitioners mark the deluge of documents made available to them Tuesday morning.
Meanwhile, counsel to INEC, Kemi Pinhero (SAN) told the court in his submissions that INEC officials brought the documents from all over the country and that the petitioners are yet to pay for the certification of the documents.
He said it was incumbent on the petitioners to prepare a schedule of documents they wish to tender.
The court rose for about ten minutes to enable parties in the petition put heads together and find a way forward with the documents.
When parties reconvened, Uche reported to the court that they have agreed that the petitioners go back with the documents, prepare a schedule of documents and mark them for tendering on Wednesday.
The five-member panel of Justices of the court, led by Justice Haruna Tsammani adjourned till Wednesday, June 21 for the continuation of hearing in the petition.
Tribunal Asks Labour Party to Show Proof on REC Summons
The Presidential Elections Petition Court, yesterday, asked the Labour Party to present proof that it served the Independent National Electoral Commission (INEC)’s Resident Electoral Commissioners (RECs) across the country summons to provide electoral documents.
This is the submission made by the court as the Labour Party insisted that the electoral body was frustrating its case by deliberately evading summons.
The presidential candidate of the Labour Party, Peter Obi was present, alongside some members of the party to witness the proceedings yesterday. The Labour Party and the Peoples Democratic Party are challenging the victory of President Bola Tinubu of the All Progressives Congress (APC) at the Tribunal.
On the Labour Party’s petition, the justices asked the party to present proof that it served INEC RECs in the 36 states and the Federal Capital Territory summons to provide electoral documents following persistent calls that the electoral body was deliberately frustrating its case.
The five-member panel said it was clear that the Labour Party never issued subpoenas on the resident electoral commissioners in the states where it is seeking documents.
Counsel for Labour Party, Livy Uzoukwu had informed the court that INEC Chairman, Mahmood Yakubu, had given his commitment that all electoral documents will be made available on demand, from the RECs.
However, the court stated that the party did not explore Section 74 of the Electoral Act which stated that they must, on demand, provide documents within 14 days to the said party or pay a fine of N2m or imprisonment, or both, for defaulters.
The court said it was clear that the party didn’t lodge a complaint on the delay of documents, and has also failed to apply the penalty clause as stipulated in section 74.
The court added that whatever happened between the Labour Party and INEC was without the involvement of the court.
Meanwhile, under cross-examination for the party, a witness, Clarissa Ogar, who is a staff of amazon, admitted to be in court in her own capacity.
She said there was no technical glitch on the INEC server during the presidential election.
She, however, admitted that glitches can occur at any time while using the amazon software and application.
The court stood down its proceedings and reconvened at 2pm.
At the resumed hearing, the presidential candidate of the PDP, Atiku Abubakar and his party told the court that they will close their case challenging the declaration of Tinubu as the winner of the February 25 presidential election on Thursday.
According to a pre-hearing report, the petitioners, were supposed to close their case on Tuesday but their lead counsel, Chris Uche brought to the notice of the court that they lost two days out of the days allotted to them and asked that the days be returned to them.
The petitioners have so far called 25 witnesses out of the 100 witnesses they proposed.
He said they might call additional five witnesses to have a round figure of 30 witnesses called.
The counsel for the PDP said that some of the documents to be tendered in the remaining two days would take the place of the remaining 70 witnesses.
Like the counsels for the Labour Party, he also lamented the difficulties encountered in getting certified true copies of documents out of INEC to aid them in challenging Tinubu’s election.
He, however, commended the legal team of the electoral body, for their assistance in getting some of the documents.
The five member panel of justices, led by Justice Haruna Tsammani adjourned till Wednesday, June 21 for continuation of hearing in the petitions.
PDP Insists on Victory in 2023 Presidential Election
The Peoples Democratic Party (PDP), yesterday insisted that without prejudice to ongoing case at the Presidential Election Petition Court, its Candidate, Atiku Abubakar, won the 2023 Presidential Election.
The PDP National Organising Secretary (NOS), Umar Bature, stated this in his remarks at the party’s “Select Committee meeting” at the PDP National Secretariat in Abuja.
“This party believes that Atiku Abubakar won the election but we are in court and without prejudice to what the court will decide, we will keep it aside,” Bature said.
He also expressed strong belief that the PDP will win ongoing governorship cases in tribunals in Kaduna, Nasarawa, Ogun and Sokoto states.
“We believe strongly that the ongoing tribunal cases in Kaduna, Nasarawa, Ogun and Sokoto States will be in our favour.
“Let me give a preview of our performance in the last election. In the State House of Assemblies, we have 342 members, we have 116 members in the House of Representatives. In the Senate, we have 36 members and we have 13 Governors.”
The Acting National Chairman of the PDP, Amb. Umar Damagun, in his address of welcome earlier, said the meeting was to review the outcome of the 2023 general elections and share ideas on how to strengthen the party to face challenges ahead.
“We have had series of meetings with the members of the National Ex officio, state chairmen, select BoT and members of the National Assembly. This is a continuation of that meeting and it was borne out of what has happened during those meetings and we said there was need for us to call this one.
“This meeting is going to be an interactive session and I want us to be conscious of the fact that while making your contributions we should be mindful of the fact that we are one family.
“Anybody that is in this hall today is here by the virtue of the fact that he/she meant well for this party. I want to enjoin us to contribute in a manner that will not hurt the sensibilities of others. We are one family and so we shall remain,” Damagun said.
In his contribution, Sen. Adolphus Wabara, the PDP Acting Chairman, Board of Trustees (BOT), expressed confidence that the party will recover its “stolen mandate.”
“Frankly speaking, I didn’t expect that we still have this number in our party. I want to congratulate all of us for this having faith in this party. This is what will make us strong to clinch our stolen victory. We should not despair. We are in politics!
“As our acting National Chairman mentioned, they stole our mandate. We hope the tribunal and the courts will give us back our stolen mandate. Much as some of us may disagree with the synopsis, because we are still in court, we should mind what we are going to say today so it doesn’t work against us in the court.
“Let us watch how we attack ourselves. There will be time for that. The BOT waits to take some advisory decisions but then this is not the time,” Wabara said.
The PDP had invited 183 of its members, including past governors, members of the National Assembly and other members for the select Committe meeting.
However, conspicuously absent at the meeting are former Rivers State Governor, Nyesom Wike and his group of G-5 colleagues, among other invitees.
Obi Asking for Non-existent Documents – INEC
Some documents requested by the presidential candidate of the Labour Party (LP) at the 2023 election, Mr Peter Obi to be presented as exhibits at the Presidential Election Tribunal are non-existent.
INEC made the declaration before the court sitting in Abuja yesterday.
Obi and the Labour Party (LP) are challenging the Feb. 25 election of President Bola Tinubu before the court in a petition marked CA/PEPC/03/2023.
Respondents in the petition are INEC, President Tinubu, Vice-President Kashim Shettima and their All Progressives Congress (APC).
Giving evidence before the court, Mr Lawrence Bayode, Deputy Director, ICT at INEC told the court that out of the five documents Obi asked for; two were non-existent, while one was work in progress.
One of Obi’s witnesses, Ms Loretta Ogah, an ICT cloud engineer, said she contested election into the House of Representatives on the platform of Labour Party in Cross River, but lost the election.
Ogah was cross-examined by Mr Wole Olanipakun (SAN), counsel for Tinubu and Shettima.
She told the court that she sued INEC after her loss because the electoral umpire did not list her name on its portal as a result of network failure.
Also cross-examined by Mr Lateef Fagbemi (SAN), counsel for APC, Ogah told the court that glitches did not occur on INEC portal on Feb. 25.
She said she did not know INEC’s password protocol as she was not INEC’s employee.
The court, presided over by Justice Haruna Tsammani, adjourned further hearing to Wednesday. (NAN)
COVER
Afreximbank Net Interest Income Grows 4.53% to $ 411.2m in Q1

By Tony Obiechina, Abuja
African Export-Import Bank (Afreximbank) has released the consolidated financial statements of the Bank and its subsidiaries for the three months ended 31 March 2025.Financial HighlightsAfreximbank Group delivered satisfactory financial performance for the first quarter of 2025, meeting expectations with solid profitability, strengthened liquidity and a resilient capital base.
This performance provides a springboard for the Bank to continue playing its pivotal role of advancing the aspirations of Africa and the Caribbean for economic transformation and sustainable development in the months and years ahead. Net interest income grew by 4.53% to $411.2 million compared to prior year, driven by growth in interest earning assets, complemented by effective management of borrowing costs, helping the Bank to cushion the marginal decline in total interest income due to softening benchmark rates.Fee income from Guarantees and Letters of Credit saw robust growth of 47% and 36% respectively, partially offsetting lower advisory fees to contribute to total unfunded income of $26.9 million for Q1-2025. While this represented a 7.41% decrease from $29.0 million in Q1 2024, the strong performance in Off-balance sheet assets is in line with the Bank’s strategy to grow unfunded business.The Group posted strong Net Income of $215 million, a 21% increase year-on-year from $178 million in the prior period.The Group’s total assets and contingent liabilities increased by 6.4%, reaching $42.7 billion as of 31 March 2025, up from $40.1 billion at FY’2024. On-balance sheet assets grew by 4.85% to $37.0 billion; driven primarily by a 58% surge in cash balances to $7.4 billion, while Off-balance sheet assets i.e. letters of credit and guarantee volumes increased by a 19% to reach $5.7 billion at the end of Q1-2025.Net loans and advances closed Q1-2025 at $27.8 billion; down from the FY2024 closing position reflecting early repayments from certain customers on account of improved foreign currency balances position of some sovereign borrowers. Importantly, the Loan Asset Quality remained strong, with the Non-Performing Loans (NPL) ratio at 2.44%, a modest increase from 2.33% at FY’2024 – well below the Bank’s strategic NPL ceiling of 4%.Driven by inflationary pressures and growing personnel costs, operating expenses rose by 23% to reach $75.4 million by 31 March 2025. Despite this, Afreximbank Group maintained a healthy Cost-to-Income Ratio of 16%, below its strategic range of 17-30%.Afreximbank’s liquidity profile strengthened considerably, with liquid assets now comprising 20% of total assets, up from 13% at the close of FY’2024. This higher liquidity position was as a result of successful fund-raising, coupled with loan repayments received during the quarter.Shareholders’ funds increased by 3.4%, reaching $7.5 billion, driven by strong internally generated capital of $215.4 million in addition to new equity investments under the second General Capital Increase (GCI II) programme.Operating HighlightsIn line with the Afreximbank strategic objective of driving Industrialisation and export development, the Bank and the Government of Kenya ratified a number of initiatives designed to support the development Industrial Parks (IPs) and Special Economic Zones (SEZs) in Kenya under the US$3 billion Kenya country programme.The projects which include Dongo Kundu Industrial Park in Mombasa and Naivasha SEZ II in Mai Mahiu, are key components of Kenya’s Vision 2030 plan to boost export manufacturing and industrialisation. Afreximbank’s support for these initiatives will specifically enhance infrastructure development, attract investment, and strategically position Kenya as a key hub for African and global commerce.The rollout of the Pan-African Payments and Settlement System (PAPSS) continues to gain momentum with KCB Group in Kenya and Bank of Kigali in Rwanda launching the platform, becoming the first banks in their respective countries to offer seamless, instant, and affordable cross-border payments in local currencies across Africa.Aligned with its mandate to promote Global Africa following the recognition of the African Diaspora as the 6th region of Africa, the Bank further cemented its expansion and presence in the Caribbean with the historic groundbreaking ceremony to kick off the construction of the first ever Afreximbank African Trade Centre (AATC) outside of Africa in Bridgetown, Barbados. AATC Barbados will also host its regional office. The Barbados AATC is an authentic icon of trade embodying the ambition, resilience, and influence of leading commercial cities in Africa and the Caribbean that serve as dynamic focal points for commerce, fostering regional and global trade connections, and is expected to enhance intra-and extra-African trade, with a focus on countries of the Global South.Denys Denya, Afreximbank’s Senior Executive Vice President, commented:“Our QI 2025 results, which were in line with expectations, reflected a strong and resilient financial performance, notwithstanding continued macroeconomic challenges. With solid profitability growth, a strengthened liquidity position, and a well-capitalised balance sheet, the Group is firmly positioned to continue playing a pivotal role in advancing the aspirations of Africa and the Caribbean for economic transformation and sustainable development.”COVER
Wike Presents N1.7trn 2025 Budget to NASS

By Laide Akinboade, Abuja
The Minister for Federal Capital Territory (FCT), Nyesom Wike, on Wednesday presented N1.7 trillion as the total FCT 2025 statutory budget to the National Assembly.The FCT Minister presented the budget on behalf of President Bola Tinubu to the House committee on FCT in Abuja.
He said the sum of 1,289,690,124,776 Naira is for capital projects, which constitutes 72. 33% of the budget. He said FCT Administration is indeed grateful for the understanding and magnanimity of the Honourable Committee in considering the FCT 2025 Statutory BudgetHe reminded the committee that FCT Statutory Budget is funded from proceeds of the 1% of the 52.68% Statutory Allocation of the Federal Government from the Federation Account, InternallyGenerated Revenue (GR) and the other sources as contained in the Revenue Fiscal Framework.He noted that the 2025 budget is accordingly prepared within the context of the Medium-Term Expenditure Framework (MTEF), the Medium-Term Development Plan (MTDP) and the International Public Sector Accounting Standards (IPSAS). The Budget also took into consideration the Federal Government’s assumptions for 2025.The Budget proposal also has taken into cognizance the estimated revenue accruing to the FCT through the Federation Account and recognizes other in-house efforts to bo0st revenue generation capabilities in FCT. The focus of the capital budget is mainly on completion of on-going projects that have a high impact on service delivery.He said, “Accordingly, a fiscal framework of the sum of N1,783,823,708,392.00 comprising Distributable Revenue of N1,392,573,937,087.00 and Non-Distributable Revenue of N391,249,771,305.00 has been proposed for the FCT 2025 Statutory Budget after due deliberations with all the Revenue Generating Agencies of the FCTA, taking into consideration the parameters highlighted in paragraph 5 above.”When compared 2025 Budget proposal of the sum of N1,783,823,708,392.00 with the Revised 2024 Appropriation of the sum of N1,668,770,61 0,283.00, there is an increase of the sum of N115,053, 098,108.76 (7%) in the 2025 statutory budget proposal.This increase is to achieve a realistic budget performance in 2025 having considered the remarkable improvement in the revenue generated in 2024 fiscal year”.The chairman of the House of Representatives’ Committee on the Federal Capital Territory (FCT) Hon. Aliyu Betara earlier commended the FCT Minister for tackling the current waves of insecurity in FCT, being able to deliver its mandate effectively.He said, “We have noted with satisfaction the completion of various projects and new ones embarked by the FCT administration. Out of the total FCT 2025 statutory budget of 1,783,823,708,392 Naira, the sum of 1,289,690,124,776 Naira is for capital projects, which constitutes 72.33% of the budget.”It is important to note that out of the total capital proposal of the sum of 1,889,014,910,776 Naira is for ongoing projects, and this constitutes 85% of the capital project. In effect, what I’m saying is, out of the total amount earmarked for capital for 2025, the FCT is using or utilizing or proposing to use 85% of that amount for completion of ongoing projects. The sum of 200,775,212,000 is just for new projects”.The Minister had earlier presented the same 2025 budget to the Senate Committee on FCT.The Chairman of the Senate Committee on the Federal Capital Territory (FCT) is Senator Ibrahim Bomai, who said FCT is presenting one of the best budgets so far.”And before I allow the floor for questions, I would also like to note that the IGR proposed by FCT has greatly improved. The FCT is proposing 608 billion just IGR.”So this is something to commend the Honorable Minister of State and his staff for doing a wonderful job”, he said.COVER
LP Crisis: NWC Accuses Ajero-led NLC of Destabilization

By Mike Odiakose, Abuja
The leadership of the Labour Party yesterday alleged that Nigeria Labour Congress (NLC), led by Joe Ajero, is responsible for the crisis rocking the party and not the Federal government.In his reaction to the allegation by Ajero, Nenadi Usman and others said that the Labour Party is being destabilized by the federal government because of the potential of the party, the party’s Spokesman; Obiora Ifoh said they are economical with the truth.
“The NLC President, Ajero who is now sounding like a broken record, also restated his resolve to invade unannounced the national and state Secretariats of the Labour Party, with his armies, with the intention to take over the party forcefully.”We must state clearly and categorically that if there is any person or organization that has destabilized the Labour Party or who is working to destabilize the party, it is no other person than Joe Ajero and the NLC.”We must also state here that after the general election in 2023, the party has no issues at all, we had no faction and we had no major disagreement in the party.”It was Ajero who went ahead to illegally, unprofessionally and unconstitutionally set up a so-called Transition Committee which went all over the place making noise and debasing the image of the party.”It was the same Committee set up by Ajero that was going to INEC everyday, constituting nuisance, all in attempt to destabilize the party, mobilizing people, including old and retired men, including Abdulawaheed Omar, Ejiofor, Lawson Osagie and Prof. Theophilus Ndubaku, men who should be resting after many years of serving their fatherland, to go against the interest of the party.”Nigerians all over, have asked Ajero to concentrate on his primary assignment to fight for the welfare of workers. The regulatory body in charge of the Labour Union in the Ministry of Labour has also publicly admonished Ajero to excuse himself from matters concerning politics and to face his legitimate assignment as a defender of workers rights.”We put it on record that Ajero’s led NLC in all its ramifications has failed the Nigerian workers as shown by his last May Day speech. Today, Nigeria workers are oppressed, the economy is not working, there are unfair practices against workers, and nobody speaks for the oppressed workers in Nigeria, yet Ajero is busy plotting his future political ambition and toiling with the welfare of workers.”Over the past few years, instead of the NLC to be in support of the party, and for the party to draw strength from the Labour movement as it’s done in some Scandinavian countries such as in Brazil, Australia etc, what we found in Nigeria is a reversed approach were the NLC which ought to be a source of strength, is constituting itself as a destabilizing factor for the Labour Party.”Since 2015, this same NLC was the one that set up the Caretaker Committee that is unknown to the party constitution headed by one Salisu Mohammed. If there is any group or persons who have worked against the interest of the Labour Party, it is NLC and Joe Ajero.”So he should not shift the blame to any person, he should squarely take responsibility for whatever is happening in the party today.”We are also calling on all genuine members of the Labour Party to distance themself from the illegal activities of the Nenadi Usman group and their ploy to manipulate unsuspecting party members from parting with their hard earned money through illegal Congresses they are planning.”They do not have the powers to conduct any party activity, congresses inclusive. Be warned.”Labour Party open to all Nigerians but not for sale — NLC President
Nigeria Labour Congress (NLC) has declared the Labour Party open to defectors, pledging to provide equal political opportunities for all Nigerians regardless of social status, religion, or ethnicity.The Congress added that the party is open to all Nigerians and willing to welcome defectors.NLC President, Joe Ajaero who spoke in Abuja during the National Executive Council (NEC) meeting of the Labour Party held yesterday alleged that government agencies were actively working to destabilise the party through various clandestine plots.“All agencies of government are involved in these destabilisation plots. We must be clear about this.“They must be told to remove their hands from the organisation of the Workers’ Party. That is a sin. Across over 57 countries of the world, Labour Parties are functional and driven by workers’ unions,” Ajaero warned.He cited the British Trades Union Congress (TUC), which has for decades operated the Labour Party using a union office, as an example of global practice.“So why should Nigeria be different? Why would the government keep eyes on the Labour Party here?” He queried.Ajaero reaffirmed that the Labour Party is not the exclusive preserve of the NLC but a party “formed by Congress and given to Nigerians with a clear-cut ideology.”He emphasised the platform’s openness and commitment to inclusivity.He also criticised attempts to use the Supreme Court to interfere in internal party affairs, asserting that the apex court has already ruled that internal crises should be resolved through mechanisms within the party.“When people talk about Supreme Court rulings, I wonder if the Supreme Court is now the one to run political parties. It is not the Supreme Court that constitutes the Labour Party,” he insisted.Taking a swipe at other political parties that charge exorbitant fees for expression of interest and nomination forms, Ajaero contrasted them with the Labour Party, which he said is rooted in pro-people values.In the Labour Party, we don’t charge hundreds of millions to contest elections because we can’t afford it. We are in politics to add value to society, to bring relief to the oppressed—not to profit from the people’s misery,” he said.Encouraging defectors from other political parties to join, Ajaero stressed the enduring institutional nature of the Labour Party.“This is our party. We do not defect. NLC and TUC are institutional members. When politicians defect, we remain. Soldiers come, soldiers go, but the barracks remain.”He called on all stakeholders to unite and work collectively towards strengthening the party and achieving its goals.Earlier, the Chair of the Board of Trustees of the party, Dr Sylvester Ejiofor, lamented that previous efforts to resolve internal crises had failed because they lacked alignment with the party’s constitution, the Electoral Act, and the widely accepted ‘Consent Judgement’ of the Federal High Court in Abuja.