POLITICS
Revenue Leakage: Institute tasks FG on Effective Monitoring of TSA

The Chartered Institute of Treasury Management (CITM) has tasked the Federal Government on effective monitoring of the backend of the Treasury Single Account (TSA) to prevent resource leakage.
Mr Olumide Adedoyin, the Registrar, CITM, said this at a news conference in Abuja on Wednesday.
“There are some challenges within the TSA platform because the backend for the audit was not adequately secured.
“So in spite of being able to net resources, there is a little opening at the back that leads to the hemorrhaging of resources.
“There must be an orientation of training and retraining of individuals because you will be surprised that some persons saddled with these responsibilities do not actually understand the process.
“Granted there is no 100 per cent full proof system; the possibilities of friend of government to have access to resources is times higher, that is the issues of tying up that end,” he said.
Adedoyin added: “We have reached out to government on different fora, trying to make them understand the importance of putting this backend in check.”
He said that the institute sought to create a pathway toward promoting the study and the practice of managing the treasury as a safeguard against fraud, misapplication, misappropriation of resources placed in the custody of fund managers in both private and public sectors.
The registrar said the institute also sought to institutionalise preventive mechanism by diligently encouraging the study and practice of the profession as obtained in greater economies of the world.
He said it would bring to bear best practices through research and cross fertilisation of ideas from like mind institutes and research bodies presently available in about 54 countries of the world.
Adedoyin sought the partnership of the media to drive the initiative to stabilise and grow the economy of Nigeria.
Also speaking on the preparation of national budget, the Technical Adviser, CITM, Mr Akejo Daniel, said budget should be based on needs and not wants.
He said items should be listed to be acquired between three or four years saying that the most important one would be attended to the first year, the next one will be given next year and so on and so forth.
“Now, anyone that can not be accomplished this year will now be moved to the first batch of next year.
“It is not the issue that a director is going and he is going with his car. This has to do also with what is called zero-based budget and this comes in when we are talking of International Public Sector Accounting Standards (IPSAS).
“When we say we are applying accrual-based IPSAS, we are talking of capitalising our assets.
“Nigeria said we are presently applying accrual IPSAS but I don’t see it that way because every year we budget for the same thing,” he said.
Daniel added:“Why should we throw away the chair that a director used and buy another chair for the next director? Why should a director going, go with a vehicle that he just bought two years ago and another director has to buy new vehicle. No.
“All these things should be capitalised and depreciated just the way it is been done in the private sector.
“It is when we do this that we will eliminate waste. We will manage capital expenditure effectively and we will be able to progress in this country.”(NAN))
POLITICS
Osun 2026 Guber: APC Aspirants Should Not Waste Money Contesting Against Adeleke – Ex Party Chieftain, Jackson Ojo

By Mike Odiakose, Abuja
A former Chieftain of the All Progressives Congress (APC), Dr Jackson Lekan Ojo has advised those in the race for the APC ticket not to waste their resources as the victory of Governor Isiaka Adeleke is practically a done deal.
In a video post on his Facebook page, Jackson Ojo said Governor Adeleke has won the heart of the people of his state with his transformation of all the 30 local governments in the State and prompt payment of workers and pensioners.
According to him, the achievements of Governor Adeleke has already done 80 percent of his campaign ahead of the election.
Jackson Ojo, who is a Security Expert and global affairs analyst, from Osun State, stressed that he has always advised political office holders to perform while in office as this is the greatest strategy and tactics to win future elections.
He stressed that the abysmal performance of the APC at the Federal level and the poor performance of previous APC governors in Osun state will count heavily against any candidate that is presented by the party to contest against governor Adeleke.
The former APC chieftain added that he is not patronizing the governor for any personal gain as there is nothing that the governor can give him that God has not already given him.
He stressed that his intervention in the Osun governorship race is to stop opponents of the governor from wasting their resources for an election they can never win.
His words: “Two weeks ago I resigned from partisan politics, so I am no longer member of any political party in Nigeria. When I speak now I am not speaking in favour or against any political party. So, I am very free to air my views
“This is my views on the forthcoming governorship election in Osun state. I still see some people struggling for governor in Osun state come 2026.
“That is highly impossible for an APC aspirant. What is the APC government doing at the national level, what are the doing in the Senate, what are they doing in the House of Representatives to encourage Nigerians?
“If we are in a place like America or United Kingdom (UK) APC will not be able to win ordinary councillorship again in this country. Is it in the management of economy, education, health, security and others?
“In all these areas put together they have not scored up to 10 percent. I can boldly mark them today they they have woefully failed in area of agricultural development, educational development, health development, security, economy and infrastructural development. In all ramifications this party has failed.
“Look at the antecedents of the APC in Osun state. Aregbesola tried a bit, yes, but then Aregbesola left the State aground.
“When Baba Jeje, Mr. Go Slow, the unfortunate Minister of Blue Economy or whatever they call it, came there was nothing to write home about during his tenure as governor of Osun State. He came, he bartered the state, he rubbished the State, he insulted the state, he disgraced the State on the platform of APC.
“Now another APC is coming out now thinking of winning? Winning where, defeat who?
“Governor Adeleke does not know me, there is no benefit Adeleke can give me that God has not given to me. I can’t be a Commissioner in Osun state. No. I can’t be Special Adviser or whatever. I can’t even take their contract. I don’t think they can award the kind of contract that I need to an individual.
“But then, Adeleke has tried. If you go to my community you will see the way he has positively turned the community. Even if I am the governor of Osun State I don’t think I can do what Adeleke has done in my town and that transformation cuts across all the 30 local government areas of Osun State. All the communities, all the local governments, all.
“This man is no longer paying half salary of quarter salary. This man is not owning workers, he is not owning pensioners. This alone has spoken, this alone has done 80 percent of his campaign.
“If you perform well in office that is the highest strategy and tactics that you can use to win the heart of the people.
“Come 2026 whoever is putting money on ground in Osun state to go and contest governorship in Osun state, honestly that person has money to waste. It is sadaka, the money they have stolen they want to come and do sadaka. It is Adeleke till 2030.”
POLITICS
Former DG of PDP Governors Forum Defects to ADC

By Mike Odiakose, Abuja
Former Director General of the People’s Democratic Party (PDP) Governors Forum, Hon C.I.D Maduabum has resigned from the party and joined the African Democratic Congress (ADC).
In a statement made available to Daily Asset in Abuja on Sunday, Hon Maduabum said he is dumping the PDP because the party has been “hijacked by self-serving, unscrupulous elements who are more interested in personal power grabs than in party discipline, internal democracy, or national interest.
”Part of his statement read: “After deep reflection, extensive consultations, and careful evaluation of the current political realities within the People’s Democratic Party (PDP), I have taken the difficult but necessary decision to resign my membership of the PDP with immediate effect.
“As a committed democrat, a two-term member of the House of Representatives, and former Director-General of the PDP Governors’ Forum, I have dedicated significant portions of my political life to building the PDP as a platform for democratic consolidation and national development.
“However, the soul of the party I once served with pride has been hijacked by self-serving, unscrupulous elements who are more interested in personal power grabs than in party discipline, internal democracy, or national interest.
“The PDP today is a shadow of its former self. It has descended into chaos, internal betrayal, and systematic destruction by diverse forces who have no regard for the principles upon which the party was founded. Sadly, voices of reason are no longer welcome, and genuine reformers are vilified or silenced.
“I can no longer in good conscience remain in a house that has been stripped of its moral compass and overrun by opportunists.
“In light of this, I am proud to announce that I am joining the African Democratic Congress (ADC) — a party that now stands as the only credible democratic alternative for Nigeria.
“The ADC is emerging as a beacon of hope for good governance, integrity, accountability, and inclusive politics. It offers the opportunity for principled politics, genuine people-oriented leadership, and a platform for rebuilding our nation from the grassroots up.
“The ADC Coalition includes progressive minded people like Mr. Peter Obi and others.
“I join the ADC not merely as a defector but as a reformer committed to helping build a new political culture — one based on merit, ideology, discipline, youth inclusion, and national unity.
“The time has come for all well-meaning Nigerians to take a stand against the decay in our political system. I call on all patriots, especially those disillusioned by the dysfunction in the traditional parties, to rally around this movement for a new Nigeria through the ADC.
“I remain committed to the democratic ideals of justice, equity, and service to the people. The struggle to rescue Nigeria and restore its promise continues — and it begins now on a new, firmer footing.”
POLITICS
Anambra: INEC Registers 96,085 New Voters, Extends CVR by Three Days

The Independent National Electoral Commission (INEC) said it has registered 96,085 new voters in nine days and extended the exercise by three days in Anambra.
The commission disclosed this in a statement by Sam Olumekun, National Commissioner and Chairman, Information and Voter Education Committee, on Thursday in Abuja, after its weekly meeting.
He said that on the preliminary stage of the CVR, 56,017 representing 58 per cent of new registrants were female while 50,429 52 representing 48 per cent were young people between the ages of 18 and 34.
“The commission is pleased with the turnout of registrants in Anambra and the peaceful conduct of the Continuous Voters Registration (CVR) in all the 326 registration centres in the state.
“As of yesterday, Wednesday, 96,085 new voters have successfully registered in nine days. On average, the Commission registered over 10,600 voters per day.
“In addition, 12,595 voters applied for transfer of their registration both within and outside the state while 7,061 persons applied for the update of their records or the replacement of their damaged or lost Permanent Voters Cards (PVCs).
“The CVR in Anambra ends today. However, in response to appeal from citizens, the Commission hereby extends the exercise for three more days. It will now end on Sunday, July 20,” he said.
Olumekun said that the commission would thereafter display the register for claims and objections by citizens as provided by law.
This, according to him, will be followed by a further clean-up of the data using the Automated Biometric Identification System (ABIS).
“Subsequently, the detailed breakdown of the new registrants by age, gender, occupation and disability will be published for public information,” he said.
Olumekun also disclosed that INEC had received five more letters of intent from associations seeking registration as political parties.
According to him, the new application brings the number received so far by the commission to 134.
Olumekun stated that the details of the new associations, indicating their proposed names, acronyms, logos, addresses and interim leaderships were already published on INEC website and other platforms for public information.
He said that INEC would continue to keep the citizens up to date on all its activities.