NEWS
ADC Accuses Tinubu of Cooking Excuses to Snuff Out Opposition
The Nigerian Government is cloaking its strategy to snuff out opposition with national security.
The African Democratic Congress (ADC) levelled the allegation a strongly worded statement on Wednesday, in which it fingered recent claims by a presidential aide.
The party averred that it had no intention of undermining democracy but is solely focused on rescuing Nigeria from what it described as the “irredeemable incompetence” of the President Bola Tinubu’s administration.
The party’s interim National Publicity Secretary, Bolaji Abdullahi, expressed concern over the APC’s growing hostility toward dissenting voices, questioning the ruling party’s apparent discomfort with opposition politics.
His remarks followed a statement on microblogging site, X by President Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga.
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Onanuga had alleged that certain political figures were “banding together to overthrow an administration that has been the most focused, most transformative in our history.”
In its response, the ADC dismissed Onanuga’s post as “irresponsible and defamatory,” warning that such rhetoric could be used as a pretext for a wider clampdown on opposition leaders and voices critical of the government.
The ADC stated, “Bayo Onanuga’s tweet is a textbook example of a political dog whistle.
“The APC-led Federal Government appears to be constructing a false narrative designed to justify a potential crackdown on dissent and to criminalise legitimate opposition activities under the guise of protecting national security.”
In reaffirming its democratic credentials, the party noted that, “The ADC is not interested in truncating democracy.
We are solely committed to saving the nation from the irredeemable incompetence of this government. And the only means available to us is the democratic means.
“We are not soldiers; we are politicians. We don’t have bullets—only ballots. When the time comes, we will present our solutions and an alternative vision of the future to the Nigerian people and leave them to make their choice.”
Abdullahi also accused the APC of forgetting its own roots as a former opposition party, adding, “It is a great wonder that the same party, which came to power as an opposition force, now appears to find the idea of opposition unacceptable.”
The ADC therefore called on President Tinubu to rein in his aides, particularly those making what it described as “baseless but dangerous allegations that risk heating up the polity two years before the next general election.”
“This manner of crying wolf where there is none does not make the president look good and only betrays a sense of panic,” the party added.
Urging citizens to remain alert, the ADC warned of covert attempts to delegitimise the opposition and shrink democratic space.
“The health of our democracy depends on a free, open, and competitive political environment,” it noted.
The party also appealed to the international community, including democratic governments, human rights organisations, and election observers, to closely monitor the political climate in Nigeria.
“We call on them to hold the Tinubu administration accountable for any actions that undermine democratic freedoms or violate the political rights of Nigerian citizens.
“The ADC remains committed to building a better Nigeria—through peace, participation, and the power of the people,” he said.
The much awaited Africa’s largest Initial Public Offering by the Dangote Petroleum Refinery and Petrochemicals (DPRP) has been formally flagged off on the Nigerian Exchange (NGX).
President and Chief Executive Officer, Dangote Industries Limited (DIL), Aliko Dangote, marked the commencement of the offer by ringing the opening bell at the NGX trading floor in Lagos on Monday.
The transaction marks a significant milestone for Nigeria’s capital market, as the DPRP becomes the first refinery in the Nigerian Exchange’s 66-year history to open its shares to public subscription.
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The offer comprises 4.1 billion new ordinary shares priced at N525 per share, allowing investors to acquire an equity stake in Africa’s largest refinery.
Retail and institutional investors, as well as eligible investors across Africa, can participate in the public offer.
Investors can subscribe for a minimum of 10 shares, requiring an investment of N5,250 at the offer price.
The offer opened on Monday, September 14, 2026, and is scheduled to close on October 13, 2026, subject to the terms and conditions contained in the offer prospectus.
At the ceremony, Dangote highlighted that the public offer was part of a broader effort to expand public participation in owning his companies.
“We will lease every company that we operate,” he said.
The launch attracted prominent dignitaries, including Lagos State Governor Babajide Sanwo-Olu, members of the Dangote family and captains of industry.
The Securities and Exchange Commission (SEC) has warned prospective investors against fraudsters, fake platforms and unauthorised individuals seeking to take advantage of the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO).
The Commission issued the warning in a public notice dated Monday, September 14, 2026, following its approval for the IPO by Dangote Petroleum Refinery and Petrochemicals FZE to open to the public.
The SEC urged investors to exercise caution and ensure that all applications and payments relating to the IPO are made only through the officially designated and approved receiving agents, subscription channels and platforms.
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The Commission advised prospective investors to obtain information about the IPO only from the SEC’s official channels, the issuer’s official channels and other official channels established and approved for the offer.
It also urged investors to verify the authenticity of any website, platform or link before providing personal or financial information.
According to the SEC, investors should follow only the officially announced subscription or application process and IPO timetable and should “Avoid transferring funds to any person or entity claiming to receive applications/subscriptions outside the approved channels.”
The Commission further advised investors to verify that their chosen registered Capital Market Operator’s channels or platforms for the offer are duly authorised and approved.
The SEC also warned investors to “Avoid responding to unsolicited calls, WhatsApp messages, social media advertisements, emails or other channels/platforms that offer or guarantee allotments or preferential allocation.”
The regulator urged prospective subscribers to carefully read the approved Prospectus and understand the terms, conditions and risks associated with the investment before making any subscription.
SEC warns against fake IPO agents
The Commission stressed that the existence of an individual, company, digital platform or social media account does not, by itself, constitute approval or authorisation to receive applications or funds from investors in respect of the offer.
The SEC therefore advised prospective investors to contact SEC-registered stockbrokers, banks or registered Investment advisers for guidance before subscribing.
The Commission also urged the public to “VERIFY” the registration status of companies, entities, platforms or individuals offering investment opportunities before entering into any transaction with them.
Investors can verify the registration status of operators through the SEC’s dedicated portal for registered fintech operators or through the Commission’s Capital Market Operators platform.
The warning comes as the Dangote Petroleum Refinery and Petrochemicals IPO officially opens on Monday, September 14, 2026, following the Commission’s approval.
The Commission listed its contact details as +2342094621168-9 and [email protected], while its WhatsApp contact is 0916 772 3240.
The SEC urged investors to remain vigilant and rely only on verified and authorised channels throughout the IPO process.
Investor demand for the Dangote Petroleum Refinery and Petrochemicals initial public offering (IPO) has reached a historic level, with subscription activity surging across digital investment channels.
Data released by the Nigerian Exchange (NGX) on its official X handle on Monday showed that total transaction volume had surpassed 402,634, pushing the total subscription value to ₦1,476,171,994,112, approximately ₦1.476 trillion.
The figures, displayed on the #NGXInvest command centre dashboard, highlight the strong appetite among investors for the landmark offering.
More details shortly.
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