NEWS
Naira Re-design: CBN/Finance Minister face off sign of confused govt – Kachukwu
By John Danjuma
The Presidential candidate of the African Democratic Congress (ADC), Dumebi Kachukwu, has described the face off between the governor of Central Bank of Nigeria, CBN and the Minister of Finance, Zainab Ahmed, over Naira re-designing as sign of a confused government with no direction.
It would be recalled that barely two days after the CBN announced the move to redesign the Naira billed for December 15, 2022, the minister disowned the policy saying she was not aware of it, warning the CBN of the consequences that may arise from it.
Speaking in Abuja on Monday, Kachukwu said the controversy between the finance minister and the Central Bank of Nigeria has exposed the fact that some appointees of the government are working at cross purpose.
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“It further speaks to the confusion that goes on daily in President Muhammadu Buhari” administration, the fact that the minister of finance who is a key part of the economy, who superitends over the economy to get to know the policy of Naira redesigning through the media says a lot about our country and the government.
“It says a lot about the fact that in this government, something that concern monetary policy, the minister of finance was not part of the meeting to be briefed. She might not have a supervisory role over the CBN Governor but she is a key part of the economy. She would have pointed out the fact that the policy is ill timed.
Kachukwu reiterated his believe that the planned redesigning of the Naira is ill timed policy which will further erode the value of the Nigerian currency against the American Dollar.
He said President Muhammadu Buhari has continued to destroy the Nigerian economy with wrong and ill-timed policies that mostly benefit a few.
“Millions are daily thrown into the poverty bracket. Our middle class has been wiped out as the dollar today exchanges for N800 and above. Diesel which powers most businesses and industries retails for around N900. A bag of local rice sells for N50,000 in some parts of Nigeria.
“A bag of Dangote cement retails for N4100. Mind you cement is the building block for the construction industry and that same construction industry is a key driver of any economy.
“One begins to wonder if this government is deliberately trying to set a record of creating the greatest number of poor people in the shortest period possible.
“How do you explain the timing of the re-design of the naira? The sensible thing to do is weigh the pros and cons before taking such a decision which has further weakened the naira.
“How many Nigerians actually store money in their homes as is being speculated? Do we further destroy the naira because of a few Nigerians?
“At a time like this. It is extremely ill-timed. Before this time, the Naira was doing N788 to $1, today it is over N800 and in Lagos it is over N1000 because people are now speculating.
“Everyday Nigerians are now leaving this country in droves. As they leave Nigeria they are selling their properties, they are buying forex.
“Our economy is in tatters while the managers of our economy fight over who informed who or who got Presidential approval.
“As the naira continues to plunge, more businesses will collapse this week. Thousands will be thrown into the employment market daily. This is our reality.
“We need to see all the factors affecting our Naira. If these people are not in touch with the reality of what is happening in Nigeria they keep on making wrong headed policies. They will keep on making mistakes.
“In a country like ours we have been speaking for seven years about diversifying our economy about strengthening the Naira, I want to challenge this government, the banks to tell us how many new businesses the banks have supported to export this year.
“If you want to strengthen the Naira you have to look at the balance of trade, you have to export more than we import. They should ask the banks how many people they funded to export, how many small businesses in the last 10 months, in the last one year or two years, five years or throughout the lifespan of this administration that will show you what is going in Nigeria.
“It is a very unserious government that does not know what is to be done.”
He challenged the security agents to fish out those that are hoarding the Naira to warrant the new policy.
“Why can’t our security agencies up their game, identify those who have been speculated to store billions in their homes and then use legal means to recover the money.
“By the way who says all money stored at home is ill-gotten wealth? There are those who simply don’t trust banks or don’t want to incur the extortionist bank charges imposed by some banks”
On the security security advisory by some of the western nations and the departure of embassy officials and their families which have led to panic amongst Nigerians he said it is because the President failed to respond to rumours that some convicted terrorists were released to secure the freedom of the remaining Kaduna train captives.
“Some now accuse his government of undermining the efforts of our men and women in the field by the indiscriminate release of those who have sworn to destroy our way of life. Only the President can confirm if this is true or not.
“Nigerians now live in fear of the unknown as they wonder if they could be in the right place at the wrong time. Our highways have gotten worse as bandits now take on and kill convoys with several policemen. If those with a retinue of police aides are being attacked and, in some cases killed, then who is safe in Buhari’s Nigeria?
“Even though President Buhari has sought to assure Nigerians that all is well one begins to wonder what is really going on.”
“We can’t continue to keep quiet while our President continues to pauperise us. I call on President Buhari to convene an emergency economic summit.
“We all need to get involved in this conversation. It is meaningless to keep on talking about the 2023 general elections when our present realities suggest that we might not have a nation by that time.
“We can’t continue acting like we don’t know tens of millions of Nigerians are unemployed and impoverished.Their plight gets worse as our economy gets worse. When is breaking point?
“The President can’t keep on saying he is fighting inflation yet in an import dependent economy small businesses are paying up to N5 million to clear a 20ft container and up to N9million for a 40ft container.
“Who is advising our President? Inflation begins from your ports. This government is killing small businesses. If the President is serious about strengthening the naira, he should find out how many new export oriented businesses Nigerian banks funded in the last one year.
“He should find out how many new businesses Nigerian banks funded in the last 10 months. We can’t keep on deceiving ourselves.”
NEWS
Adeleke Hails Judiciary over Party Deregistration Suit
Osun State Governor, Senator Ademola Adeleke has described the judiciary as the last hope and refuge of the citizens as he profusely commended the Court of Appeal for its ordering stay of proceedings in a suit seeking to deregister Accord and other parties.
This was detailed in a government house statement issued on Saturday morning in Osogbo.
According to the statement, the governor hailed the presiding Justices for their professionalism and undiluted commitment to fair and equitable administration of justice, declaring that those scheming to disenfranchise and block Accord members from August polls have failed.
He described the ruling as a just action designed to protect the rights and privileges of all stakeholders, calling the Justices the preserver of citizens’ rights as guaranteed by the Nigerian Constitution.
“I am using this opportunity to commend the judiciary for protecting the sanctity and integrity of our democracy from deliberate abuse by anti-democratic elements. On behalf of the good people of Osun state, we thank the justices and the entire judiciary.
“From 2018 till date, I have been a beneficiary of judicial interventions which protect my rights and privileges when faced with constant abuse and attacks on democratic rights. The judiciary is the last hope of the oppressed, the refuge for the weak.
“The judgement by the Justices of the Court of Appeal further reinforces our faith in the judiciary, further rekindles our trust in the democratic process. As we escape the trap of those seeking to avoid free and fair elections, I congratulate Accord leaders locally and nationally.
“We should now redouble our campaigns to secure an overwhelming victory on August 15. We must be bold, strong and resolute within the confine of the law to sustain and extend our mandate.
“As we have the people and God with us, we won’t succumb to intimidation and harassment. August 15th is for the continuity of our Imole administration. We will legally resist any attempt to derail the democratic process”, the governor stated.
ALSO READ: Outrage as Police Officer Who Threatened Nigerians Over Recording Breaks Silence
Recall that at the resumed hearing of the appeal number CA/ABJ/CV/569/2026 between Accord versus Incorporated Trustees of National Forum of Former Legislators & 6 Ors, counsel to the appellant, Musibau Adetunbi SAN had informed the Court of three pending applications, to wit: an Application for Stay of Further Proceedings filed on 4th May, 2026; an Application seeking Departure from the Rules filed on 4th May, 2026; and an Application seeking leave to amend the Notice of Appeal filed on 14th May, 2026.
In a bench ruling, the Court held that the essence of an application for stay of proceedings is to preserve the res pending the determination of the appeal and to ensure that the appeal, if successful, is not rendered nugatory.
The Court further held that having considered the grounds of appeal together with the affidavit evidence placed before it, and particularly in view of the absence of substantial opposition from the Respondents, the Appellant had placed sufficient materials before the Court to warrant the exercise of its discretion in their favour pursuant to Order 4 rules 10 and 11 of the Court of Appeal Rules, 2021.
The Court also made reference to Appeal No. CA/ABJ/CV/444/2026 – Barr. Maxwell Mgbudem v. Accord, being a matter of similar facts wherein the Court of Appeal had equally granted an application for stay of proceedings in similar circumstances. The Court accordingly granted the Appellant’s Motion for Stay of Proceedings.
The appeal was thereafter adjourned to 27th October, 2026 for hearing.
NEWS
Outrage as Police Officer Who Threatened Nigerians Over Recording Breaks Silence
A Nigerian police officer identified as Newton Isokpehi has sparked widespread reactions online after publicly apologising for threatening Nigerians who film police officers while on duty.
The officer came under heavy criticism after a viral video showed him warning that he would “clear everybody down,” including bystanders near anyone recording him during official duty.
Following the backlash, Isokpehi released a video on Thursday pleading with Nigerians and rights activist Harrison Gwamnishu for forgiveness, saying his earlier comments were made out of anger and frustration.
SEE ALSO: Six Arrested as Police Expose Inside Network Behind Oyo School Abduction
“Please forgive me. If I offended you as a brother, forgive me. That statement was just out of annoyance because of the things that are happening,” he said.
Speaking in Pidgin English, the officer clarified that he was not against citizens filming police officers, noting that Nigerians have the right to record security personnel while carrying out their duties.
“Actually, you can video us. You are allowed to video a policeman. But it’s not right for just anybody to come from anywhere and start videoing officers on duty,” he stated.
Isokpehi, who disclosed that he hails from Edo State and was raised in a police barracks in Kaduna, described himself as a committed officer who has spent over 12 years serving in the Mobile Police unit.
The officer also displayed several scars and gunshot wounds on his body, claiming they were sustained during dangerous operations while serving the country.
“Out of 17 of us, only two survived that operation. We have suffered in this work,” he said emotionally.
Attempting to walk back his earlier remarks, Isokpehi insisted he never intended to harm civilians.
“How can I be saying I will kill my own people? We don’t do that. I spoke out of annoyance. That one was just verbal talk,” he added.
He further appealed directly to Gwamnishu and Nigerians, admitting that the controversy had escalated beyond what he expected.
“Harrison, forgive me. I beg the whole of Nigeria, please forgive me. This one has reached too far,” he pleaded.
The apology has continued to generate mixed reactions online, with many Nigerians condemning the officer’s initial comments while others expressed sympathy over the harsh conditions faced by security personnel.
NEWS
Cubana Chief Priest Explains Why He Dumped Peter Obi for Bola Ahmed Tinubu
Nigerian socialite and businessman, Cubana Chief Priest, has explained why he shifted his political support from former Labour Party presidential candidate Peter Obi to President Bola Ahmed Tinubu following the 2023 general elections.
Speaking during a livestream session with popular streamer Peller, the celebrity businessman said his decision was motivated by a desire to avoid repeated political disappointment.
SEE ALSO: Plateau 2027: “I’m Not in the Race to Fill Numbers” — Bida Declares War on Mutfwang
He stated that he no longer wanted to back a candidate who might lose, saying he made the switch after the last election experience.
“Because I don’t want to lose again because they say first fool no be fool na the second fool be proper fool,” he said.
Cubana Chief Priest also claimed that President Tinubu remains cautious about him due to his past political alignment with Peter Obi and his ethnic background.
According to him, the President does not fully trust him because of his previous support for the opposition during the 2023 polls.
“President Bola Tinubu no really trust me as an Igbo man that I am. He look me with one eye because he believes that this one that worked for Peter Obi, before at the last election,” he added.
He further dismissed the chances of Peter Obi in the 2027 presidential election, describing him as “not serious” and insisting that only “serious people” would emerge victorious.
The comments have since generated widespread reactions on social media, with critics accusing him of political opportunism, while others argue that his position reflects the realities of Nigeria’s winner-takes-all political system.
Cubana Chief Priest was a vocal supporter of Peter Obi and the Labour Party during the 2023 elections but later aligned with the ruling All Progressives Congress (APC).
He currently serves as the Imo State Coordinator of the Pro-Tinubu City Boys Movement and has become more active within APC circles.
He had also obtained an APC House of Representatives nomination form but later withdrew from the primary election on the day of the exercise.





