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Police Gives Okunbo Clean Bill of Health, Tunde Ayeni Kicks

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Tunde Ayeni, a former chairman of the board of directors, Skye Bank Plc, has kicked against a police report dismissing the allegation he brought against Hosa Okunbo, his former business partner.

In a petition to both the police and the Economic and Financial Crimes Commission (EFCC), Ayeni had accused Okunbo of gross mismanagement and criminal diversion of company funds.

Ayeni had claimed that Okunbo, who had been his business partner since 2003, deceived him and took over control of the company — Ocean Marine Solutions Limited — while he was undergoing a court trial, which he claimed had distracted him.

In a letter by the inspector-general of police (IGP) monitoring unit, addressed to Augustine Alegeh, a senior advocate of Nigeria (SAN) and Okunbo’s lawyer, the police said Ayeni’s accusations are baseless.

“From the foregoing, it is pertinent to state that the allegations of stealing and criminal diversion of company funds as alleged by the complainant — Dr. Tunde Ayeni — against the suspect, Capt. Hosa Wells-Okunbo, could not be established as there was documentary evidence that was provided by the suspect — Capt. Hosa Wells-Okunbo — which clearly shows that Capt. Hosa Okunbo has lawfully acquired Dr. Tunde Ayeni’s interest in Ocean Marine Solutions Limited (OMS) for the valuable consideration of N2,000,000,000.00 (Two Billion Naira) only,” part of the letter read.

The police added that “the allegation of criminal diversion of company funds is baseless, malicious and false as it hasn’t been proven by the complainant”.

But reacting, Femi Falana, counsel to Ayeni, said the IGP monitoring team has not done much on the matter.

The lawyer explained that the parties had earlier reached a resolution until police said it had a report.

“Contrary to media report, the Monitoring Unit of the Inspector-General of Police has not commenced investigation into the allegations contained in the petition of Tunde Ayeni against his business partner, Capt Hosa Okunbo. Apart from inviting Tunde Ayeni to adopt his petition, the Monitoring Unit of the Inspector-General of Police has not taken any other step in the matter,” Falana wrote in a statement on Monday.

“Specifically, Capt. Okunbo has not been invited to react to the said petition. To that extent, the petition has not been challenged in any material particular.

“Meanwhile, both parties have since agreed to explore an amicable  resolution of  their business dispute. Consequently, the lawyers of the parties have held fruitful discussions in respect of the claims and counter claims of their clients. The IGP Monitoring Unit has been fully briefed of the progress made so far in the matter.

“However, in a desperate move to frustrate the amicable resolution of the dispute, the IGP Monitoring Unit is alleged to have produced a “report” of an investigation that has not been conducted. As if that was not enough, the ‘report’ was addressed to Capt Hosa Okunbo’s lawyer and circulated to media houses. But up till now, the IGP Monitoring Unit has not deemed it fit to furnish us with a copy of the ‘report’.”

Falana added that Mohammed Adamu, inspector-general of police, has been asked to assign the petition to another team of officers to conduct a thorough investigation into the allegations.

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Second Term for Tinubu Will Turn Governors into Total Slaves, Dele Momodu Warns

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Chairman, Ovation Media Group, and former presidential aspirant, Aare Dele Momodu, has expressed strong concern over what he described as growing political support for President Bola Ahmed Tinubu among state governors across the country.

Speaking during an interview on News Central TV, Momodu said he was shocked by the level of backing the president is reportedly receiving, warning that Nigeria’s democracy could face serious risks if the current political trend continues.

The media entrepreneur cautioned that allowing Tinubu to secure a second term in 2027 could, in his view, lead to excessive concentration of power. He particularly criticized what he described as a growing wave of opposition figures aligning with the ruling All Progressives Congress> (APC).

Momodu referenced reports of opposition governors, including Ahmadu Umaru Fintiri, allegedly moving closer to the ruling party, describing the development as politically troubling.

According to him, some governors are allegedly competing to demonstrate loyalty to the president ahead of future elections.

“The governors are fighting to ensure Tinubu wins a second term, fighting to be the biggest thug for him. If a man in his first term can capture the bodies and souls of Nigerians this way, imagine what he would do with a second term. It will be a full-blown dictatorship, and the governors will regret it as they become total slaves to him,” Momodu said.

He concluded by urging Nigerians to remain vigilant and actively protect democratic institutions, warning that unchecked consolidation of political power could threaten the nation’s democracy and future stability.

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Court Validates PDP 2025 Convention in Ibadan, Affirms Turaki-led NWC

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The Oyo State High Court sitting in Ibadan has affirmed the validity of the 2025 Elective Convention of the Peoples’ Democratic Party (PDP), which produced Dr. Kabiru Turaki as the substantive National Chairman of the party.

Delivering judgment on Friday, Justice Ladiran Akintola upheld the convention in its entirety, ruling that it was conducted in full compliance with the relevant constitutional and statutory provisions governing party elections in Nigeria.

The decision marked a significant legal victory for the party’s leadership and brought clarity to the dispute surrounding the convention’s legitimacy.

The ruling followed an amended originating summons filed by Misibau Adetunmbi (SAN) on behalf of the claimant, Folahan Malomo Adelabi, in Suit No. I/1336/2025.

In a comprehensive judgment, the court granted all 13 reliefs sought by the claimant, effectively endorsing the processes and outcomes of the Ibadan convention.

Justice Akintola held that the convention, organised by the recognised leadership of the party, satisfied all laid-down legal requirements as stipulated in the 1999 Constitution of the Federal Republic of Nigeria, the Electoral Act 2022 (as amended), and the relevant provisions of the Electoral Act 2026.

The court found no breach of due process or statutory non-compliance in the conduct of the exercise.

In the same proceedings, the court dismissed the Motion on Notice seeking a stay of proceedings and suspension of the ruling, filed by Sunday Ibrahim (SAN) on behalf of Austin Nwachukwu and two others. The applications were described as lacking merit.

Earlier in the proceedings, the court had also rejected a bid by Ibrahim to have his clients joined in the suit.

Justice Akintola ruled at the time that the joinder application was unsubstantiated and consequently dismissed it.

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Opposition Parties Reject 2026 Electoral Act, Demand Fresh Amendment

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Opposition political parties have rejected the 2026 Electoral Act recently passed by the National Assembly, which President Bola Tinubu swiftly signed into law.

The parties called on the National Assembly to immediately begin a fresh amendment process to remove what they described as “all obnoxious provisions” in the law.

Their position was made known at a press briefing themed “Urgent Call to Save Nigeria’s Democracy,” held at the Transcorp Hilton Hotel in Abuja on Thursday.

In a communiqué read by the Chairman of the New Nigeria Peoples Party (NNPP) Ahmed Ajuji, the opposition leaders stated:

“We demand that the National Assembly immediately commence a fresh amendment to the Electoral Act 2026, to remove all obnoxious provisions and ensure that the Act reflects only the will and aspiration of Nigerians for free, fair, transparent and credible electoral process in our country. Nothing short of this will be acceptable to Nigerians.”

Some of the opposition leaders present in at the event include former Senate President David Mark; former Governor of Osun State, Rauf Aregbesola; former Vice President Atiku Abubakar; former Governor of Rivers State, Chibuike Rotimi Amaechi; and former Governor of Anambra State, Peter Obi, all from the African Democratic Congress (ADC).

The National Chairman of the New Nigeria Peoples Party (NNPP), Ahmed Ajuji, and other prominent members of the NNPP, notably Buba Galadima, were also in attendance.

The coalition said the amended law, signed by Bola Tinubu, contains “anti-democratic” clauses, which they argue may weaken electoral transparency and public confidence in the voting system.

At the centre of the opposition’s concerns is the amendment to Section 60(3), which allows presiding officers to rely on manual transmission of election results where there is communication failure.

According to the coalition, the provision weakens the mandatory electronic transmission of results and could create loopholes for manipulation.

They argued that Nigeria’s electoral technology infrastructure is sufficient to support nationwide electronic transmission, citing previous assurances by officials of the Independent National Electoral Commission (INEC).

The parties also rejected the amendment to Section 84, which restricts political parties to direct primaries and consensus methods for candidate selection.

They described the change as an unconstitutional intrusion into the internal affairs of parties, insisting that indirect primaries remain a legitimate democratic option.

The opposition cited alleged irregularities in the recent Federal Capital Territory local government elections as evidence of what they described as a broader pattern of electoral compromise.

They characterised the polls as a “complete fraud” and said the outcome has deepened their lack of confidence in the ability of the electoral system to deliver credible elections in 2027.

The coalition also condemned reported attacks on leaders of the African Democratic Congress in Edo State, describing the incidents as a serious threat to democratic participation and political tolerance.

They warned that increasing violence against opposition figures could destabilise the political environment if not urgently addressed.

In their joint statement, the opposition parties pledged to pursue “every constitutional means” to challenge the Electoral Act 2026 and safeguard voters’ rights.

“We will not be intimidated,” the leaders said, urging civil society organisations and citizens to support efforts aimed at protecting Nigeria’s democratic system.

On February 18, 2026, President Bola Tinubu signed the Electoral Act (Amendment) 2026 into law following its passage by the National Assembly. The Act introduced several reforms, including statutory recognition of the Bimodal Voter Accreditation System and revised election timelines.

However, opposition figures such as Atiku Abubakar and Peter Obi have also called for further amendments, particularly over the manual transmission fallback clause, which critics say leaves room for manipulation.

The president said the law will strengthen democracy and prevent voter disenfranchisement.

Tinubu defended manual collation of results, questioned Nigeria’s readiness for full real-time electronic transmission, and warned against technical glitches and hacking.

The Electoral Act sparked intense debate in the National Assembly over how election results should be transmitted ahead of the 2027 general elections.

Civil society groups under the “Occupy NASS” campaign demanded real-time transmission to curb manipulation.

In the Senate, lawmakers clashed during consideration of Clause 60, which allows manual transmission of results if electronic transmission fails.

Senator Enyinnaya Abaribe (ADC, Abia South) demanded a formal vote to remove the proviso permitting manual transmission, arguing against weakening real-time electronic reporting.

The move led to a heated exchange on the floor, with Senate President Godswill Akpabio initially suggesting the demand had been withdrawn.

After procedural disputes and a brief confrontation among senators, a division was conducted. Fifteen opposition senators voted against retaining the manual transmission proviso, while 55 supported it, allowing the clause to stand.

Earlier proceedings had briefly stalled during clause-by-clause review, prompting consultations and a closed-door session.

In the House of Representatives, a similar disagreement came up over a motion to rescind an earlier decision that mandated compulsory real-time electronic transmission of results to IReV.

Although the “nays” were louder during a voice vote, Speaker Tajudeen Abbas ruled in favour of rescinding the decision, triggering protests and an executive session.

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