COVER
Onaiyekan Insists 2023 Presidential Election Rigged
Archbishop Emeritus of Abuja Catholic Archdiocese, John Cardinal Onaiyekan yesterday expressed hope that he would see the anticipated new Nigeria before he dies.
Speaking on Channels Television’s programme Onaiyekan, who was reacting to the 2023 presidential poll, said the election was rigged, stressing that those involved in manipulating the outcome of the elections know themselves.
The 80-year-old clergy who expressed sadness over the inability of the election tribunal to decide on the petitions filed by opposition parties before the May 29 handover, said God knows those that rigged the election.
“I am 80, so I am not going anywhere.
I am still dreaming that before I go to paradise, I should see a better Nigeria, and I believe it is possible.“Those who rigged the election know they did it. Those who refused to allow the people’s will to prevail, they know. And the wonderful thing is that God himself knows them.
“Even the court may not know, but God knows them. And they know themselves.
“The more we mention God is the more we should be on guard not to be using the name of God in vain.
“There are countries that did not want to mention God, but they are running their affairs well.
“But if we decide to keep mentioning God, then we must run our affairs according to the will of God,” he said.
The court had fixed May 8, for the hearing of the petitions challenging the victory of the president-elect, Bola Tinubu.
The candidate of the Peoples Democratic Party, PDP, Atiku Abubakar, and his Labour Party counterpart, Peter Obi, had approached the tribunal to upturn Tinubu’s victory, alleging that their mandates were stolen by the ruling – All Progressives Congress (APC).
Gowon Urges Nigerians to Accept Tribunal Verdict
Ahead of the May 8, commencement of the Presidential Election Petition Tribunal hearing, a former Head of State, General Yakubu Gowon (rtd), has urged Nigerians to accept the decisions of the court as final, when delivered.
This was his submission at a symposium in honour of a one-time Justice of the Supreme Court, Justice Chike Idigbe yesterday.
Gowon also urged Nigerians to allow the courts do its work without interference, as the judiciary plays a pivotal role in the unity of the country.
Also in attendance at the event were the former Chief Justice of the Supreme Court, Justice Alfa Belgore; Minister of Works and Housing, Babatunde Fashola; Minister of State for Budget and National Planning, Clem Agba; and some Senior Advocates of Nigeria.
Following the February 25 presidential election, the Chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu, had on March 1 declared All Progressives Congress’ Bola Tinubu the President-Elect on the grounds that his party scored the majority of votes cast in the polls.
He had polled 8.8 million votes to defeat Atiku Abubakar of the Peoples Democratic Party (PDP) who scored 6.9 million votes, Peter Obi of the Labour Party (LP) who polled 6.1 million votes and 15 others.
However, Atiku and Obi are disputing the result, filing separate petitions seeking orders to annul the election or declare them the winners of the polls.
Tinubu: Nigeria’s Unity Non-negotiable, Promises Fairness to All
President-Elect, Bola Ahmed Tinubu, yesterday, said the unity of Nigeria is non-negotiable, assuring all citizens that he will be fair to all.
Tinubu spoke when he commissioned the Magistrates’ Court Complex in Port Harcourt, the Rivers State capital at the instance of Governor Nyesom Wike.
Tinubu, who ended his two-day official visit to the oil-rich South-South state yesterday, said Nigerians must tolerate one another.
The All Progressives Congress (APC) powerbroker said himself and Wike, a chieftain of the Peoples Democratic Party (PDP) are promoting unity despite not being members of the same political party.
“I will fulfil the promise I made to the people of Rivers State and that is what I intend to do in all policy formations coming up.
“I promise Nigerians that the unity of this country is not negotiable. That is what Wike and I are promoting jointly. I promise I will be fair to all,” Tinubu said.
Tinubu, a former Lagos State governor, also promised to review the welfare of judges after he is sworn in on May 29, 2023.
“The reform is on the way,” he said, addressing legal luminaries at the occasion and tasking them on the culture of maintenance. “I am here with the hope that you will collaborate with me. I promise you (of) my commitment to fulfill all political promises that I made.”
Tinubu was in the state alongside the Speaker of the House of Representatives, Femi Gbajabiamila; as well as APC governors and former governors.
By Attah Ede, Makurdi
In a bold move to tackle the growing menace of drug abuse among young people, the Minister of Education, Dr. Tunji Alausa, has approved the implementation of mandatory drug integrity testing for students in Nigeria’s tertiary institutions.This initiative, announced after a strategic meeting with the Chairman of the National Drug Law Enforcement Agency (NDLEA), Brig.
Gen. Buba Marwa (retd), will apply to both new and returning students through compulsory and random testing.The development is part of a comprehensive three-pronged strategy proposed by the NDLEA, which includes curriculum reform to introduce up-to-date drug education in schools, stand-alone drug abuse prevention programs at the secondary level, and a national student drug testing policy.According to NDLEA spokesman, Femi Babafemi, over 40,000 drug offenders have been arrested and more than 5,500 metric tonnes of narcotics seized in the last two years alone.Marwa emphasized the urgent need for this initiative, stating that drug use fuels criminal activities including terrorism, kidnapping, and banditry.“We are fighting for the souls of our children. Without drugs, many criminal activities would not be possible,” Marwa declared.Dr. Alausa acknowledged the devastating effects of drug abuse on academic performance and employability, describing it as a major threat to national development.“When youths get into drugs, they lose interest in education. Even if they attend school, they’re not functional. Their ability to make informed life decisions is diminished, making them unemployable,” Alausa warned.To institutionalize the reforms, the minister announced the establishment of a Substance Use Prevention Unit in the ministry and the formation of an inter-ministerial working group with the NDLEA. He also committed to collaborating with the Universal Basic Education Commission and the Tertiary Education Trust Fund to support the NDLEA Academy in Jos.Meanwhile, in Makurdi, Benue State, a different kind of crisis is unfolding. No fewer than 76 nursing students at the Benue State University (BSU) were forcefully evicted from their hostels on Thursday, following a dispute over increased accommodation fees.The students, who were relocated from the main campus to the dilapidated facilities of the former School of Nursing and Midwifery, said they were asked to pay N30,000 per bed space, double the N15,000 charged at the main hostels.According to them, the eviction came without prior notice, even as the students were in the middle of their first semester exams and preparing for their clinical postings slated for August 11.Many of them, coming from distant states such as Lagos, Kaduna, and Abuja, were left stranded on the streets with their luggage and no alternative accommodation.Acting President of the Benue Schools of Nursing and Midwifery Alumni Association and media aide to the State NANNM Chairman, Mhange Moses, condemned the action as harsh and insensitive.“This is a shameful treatment. These students live in appalling conditions — no water, no electricity, broken toilets. Now they are being thrown out with no place to go. The nursing college is at risk of losing accreditation, and the students’ futures are in jeopardy,” Moses lamented.He appealed to Governor Hyacinth Alia to intervene urgently and provide a safe and conducive learning environment.“Nurses are the custodians of public health. They deserve better. We appreciate the governor’s efforts in upgrading the institution, but he must act now to prevent further damage,” Moses urged.As the federal government ramps up its fight against drug abuse in tertiary institutions, the plight of these nursing students highlights another pressing issue in the education sector—access to basic, dignified living conditions while pursuing academic and professional training.
By Tony Obiechina, Abuja
FCMB Group Plc has announced its financial results for the half-year period ended June 30, 2025, recording gross earnings of N529.2bn, representing a 41.3 percent increase compared to N374.5bn posted in the corresponding period of 2024.In its unaudited financial statements for the period ended March 31, 2025, and filed with the Nigerian Exchange Limited on Tuesday, the growth was primarily driven by a 70.
3 percent surge in interest and discount income, which rose to N458. 4bn from N269.2bn in H1 2024. This strong performance reflects improved yields on earning assets and expansion in the Group’s loan book, which reached N2.38tn as of 30 June 2025.Net interest income climbed to N207.4bn, up 95.3 percent from N106.2bn in the same period last year. Despite this, interest expense rose by 54.1 percent to N251.0bn, compared to N163.0bn in 2024.Net fee and commission income also rose significantly by 51.3 percent to N37.9bn from N25.1bn. This growth was aided by a 30.9 per cent rise in fee and commission income to N47.4bn, even as fee and commission expenses fell by 14.9 per cent to N9.5bn.However, net trading income declined by 29.3 per cent to N22.2bn from N31.4bn, while other gains fell sharply to N696.3m from N37.1bn, reflecting lower revaluation and disposal gains on financial instruments.Operating expenses increased across the board. Personnel expenses rose 34.4 percent to N48.3bn, and depreciation and amortisation grew 24.8 per cent to N8.1bn, while general and administrative expenses jumped 59.4 per cent to N57.2bn. Other operating expenses rose 49.4 per cent to N39.6bn.Despite these cost increases, the Group delivered a profit before tax of N79.1bn, a 23.2 per cent rise from N64.2bn in H1 2024. After tax, profit stood at N73.4bn, reflecting a 23.4 per cent year-on-year growth from N59.5bn.Other comprehensive income for the period was N6.9bn, up from N24.8bn in the previous year. This brings total comprehensive income for the Group to N80.3bn for H1 2025, slightly below the N84.3bn reported in H1 2024, due largely to lower unrealised gains from foreign currency translation differences.Total assets as of June 30, 2025, stood at N7.54tn. Customer deposits rose 39.9 per cent to N4.54tn, while loans and advances to customers increased modestly to N2.38tn.
By David Torough, Abuja
The Nigerian National Petroleum Company Limited (NNPCL) has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant.Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, made the announcement during a company-wide town hall meeting at the NNPC Towers in Abuja, ending weeks of speculation over the future of the country’s most prominent state-owned refining asset.
A statement by the company management yesterday said, “The Nigerian National Petroleum Company Limited has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant.”He described selling the Port Harcourt Refining Company as “ill-advised and sub-commercial.”Ojulari’s remarks come amid rising public concern sparked by his earlier comments at the 2025 OPEC Seminar in Vienna, where he said “all options are on the table” regarding the future of Nigeria’s refineries.The statement triggered a wave of speculation that a sale might be imminent.He stated that the new position of the firm was not a shift. Rather, it is informed by ongoing detailed technical and financial reviews of the Port Harcourt, Kaduna and Warri refineries.The statement added, “The ongoing review indicates that the earlier decision to operate the Port Harcourt refinery, before full completion of its rehabilitation, was ill-informed and sub-commercial.”Although progress is being made on all three, the emerging outlook calls for more advanced technical partnerships to complete and high-grade the rehabilitation of the Port Harcourt refinery.”Thus, selling is highly unlikely as it would lead to further value erosion.”At the town hall, the Executive Vice Presidents presented progress reports from the Upstream, Downstream, Finance, Business Services, Gas, Power, and New Energy businesses, highlighting operational achievements, ongoing reforms, and areas requiring attention.According to the statement, the announcement reinforces NNPC’s mandate as a strategic custodian of national energy infrastructure and reflects a firm resolve to deliver on the complete rehabilitation and long-term viability of Nigeria’s refineries.It also signals continuity in the Federal Government’s broader energy security objectives and a commitment to retaining critical assets under national control.Feedback during and after the session revealed a workforce energised and aligned with the leadership’s vision. Described as “reassuring,” “transformational,” and “sustainable”, the atmosphere reflected an optimistic outlook among employees and hopefulness about the company’s evolving strategic direction.“NNPC Ltd will continue to reposition itself as a commercially driven, professionally managed national energy company, grounded in transparency, focused on performance, and unwavering in its responsibility to its number one stakeholder group, Nigerians,” Ojulari concluded.The statement added that the declaration was received with applause from hundreds of staff attendees, who described the position as a renewed sense of business-focused direction across the organisation.NNPCL Drills Four Oil Wells in Kolmani, BauchiA Director at the Nigerian National Petroleum Company Ltd, Yusuf Usman, said the company has drilled four oil wells in the Kolmani area of Bauchi State.He also restated the commitment of the company to the exploration and development of oil and gas resources in the northern region of the country.Usman said this on Wednesday in Kaduna at the Sir Ahmadu Bello Memorial Foundation’s two-day interactive Session on Government-Citizens Engagement.Usman stated, “So far, the NNPCL has drilled four wells in the Kolmani area of Bauchi State, and is currently evaluating the appropriate technology to be deployed for the next phase of drilling operations.“In support of President Tinubu’s Compressed Natural Gas (CNG) Initiative, five CNG and Liquefied Natural Gas (LNG) plants are under construction in Kogi.“These plants are expected to enhance gas supply and accessibility across the northern region.”Usman highlighted some of the achievements of the company under the Tinubu-led administration that benefited the north and other parts of the country.
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