NEWS
Nigeria is rapidly transforming into a government of Tinubu, by Tinubu, and for Tinubu.
Former Vice President of Nigeria, Atiku Abubakar, asserts that the future of Nigerians has been effectively mortgaged to President Bola Tinubu, his family, and associates. He believes that even after Tinubu leaves office, it will be nearly impossible to break these shackles.
Atiku, who was the Presidential candidate of the Peoples Democratic Party (PDP) in the last election, compares Tinubu’s integration of his business interests into Lagos’s public enterprises to his efforts at the federal level.
“Just as Alpha Beta, Primero, and others act as Tinubu’s proxies in Lagos, managing critical sectors and generating revenue for him and his family, he has begun to replicate this at the federal level,” Atiku said.
He expressed astonishment at the operations of the NNPC and how the government-owned oil company had put its retail arm under the control of OVH, a company in which Oando, led by Wale Tinubu, owns 49%.
Atiku regretted that his intention to privatize the NNPC and increase its transparency has been overshadowed by what he describes as the criminal hijack of the NNPC by corporate cabals around the current president.
“In October 2022, just five months before the elections, the NNPC Retail controversially announced it had acquired OVH and all its filling stations. NNPCL already had about 550 filling stations across the country but claimed it was enhancing its capacity by acquiring OVH, which had only 94 stations and 100 others leased.
“The NNPC did not disclose the purchase price of OVH or the terms of the acquisition. A Freedom of Information request by Premium Times was also rejected by the NNPC, which claimed to be a private company despite still being government-owned.
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“Following this dubious deal, Mele Kyari was controversially retained as NNPC GMD despite his incompetence. Tinubu then appointed his former boss at Mobil, turned ally, Pius Akinyelure, as NNPC Chairman, while he himself took on the role of Minister of Petroleum.
“In a move that defies economic logic, OVH, previously owned by NNPC Retail, has now acquired NNPC Retail. This absurd situation means that Wale Tinubu’s Oando now owns 49% of NNPC Retail. Moreover, Nigeria paid Wale Tinubu a significant sum to facilitate the Tinubu family’s acquisition of the national oil company. This represents a clear case of illogical business transactions and abuse of office by President Tinubu, who has prevented NNPC from becoming a public liability company as stipulated by the PIA.”
Atiku acknowledged that the NNPC and its leadership are under legislative investigation but expressed skepticism about the process’s credibility due to the vested interests of those conducting the investigation.
“Senator Opeyemi Bamidele, who is heading the National Assembly panel, is a known supporter of Tinubu. He served as a commissioner under Tinubu in Lagos State and publicly calls him his godfather. Given that Tinubu is the Petroleum Minister, he should be held responsible for the sector’s issues. I doubt Bamidele will conduct a thorough investigation that might implicate his patron,” Atiku said.
Atiku also commented on the recent revelation that the Lagos-Calabar Coastal Highway project is under litigation.
The Organized Crime and Corruption Reporting Project (OCCRP), a global network of investigative journalists, reported that the coastal highway project has been taken to court and revealed a close relationship between Tinubu’s son, Seyi, and Gilbert Chagoury, who was awarded the contract without competitive bidding.
“I had earlier claimed that the Lagos-Calabar Coastal Highway project was fraudulent, but the government denied it. Now, the matter is in court. It is also concerning that Chagoury and Tinubu have a business relationship, and their children are business partners, as revealed by the OCCRP.
“This indicates a conflict of interest. It is no surprise that the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Coastal Highway, which together will cost over $24 billion, were approved without competitive bidding. It seems that whatever Tinubu wants, he gets,” Atiku concluded.
Signed:
Paul Ibe
Media Adviser to Atiku Abubakar
Vice President of Nigeria (1999-2007) and Presidential Candidate of the Peoples Democratic Party (2023)
Abuja
21st August, 2024.
NEWS
Makinde Fires Back at Presidency, Insists on ₦9tn NLNG Dividend Shortfall
Oyo State Governor Seyi Makinde has challenged the Presidency to explain how Nigeria Liquefied Natural Gas (NLNG) dividends were distributed among states and local governments, insisting that a reconciliation exercise identified a shortfall of about ₦9 trillion.
Makinde’s position was contained in a statement issued on Sunday by his Special Adviser on Media, Dr Sulaimon Olanrewaju, in response to the Presidency’s rejection of the governor’s earlier claims over NLNG dividend payments.
RELATED NEWS: JUST IN: Presidency Rejects Makinde’s Claim of ₦250bn NLNG Dividends for Each State
The statement said the Nigeria Governors’ Forum (NGF), with the support of the Federal Government, engaged a consultant to reconcile NLNG dividend payments, adding that the exercise identified approximately ₦9 trillion allegedly due to states and local governments.
“The exercise identified a shortfall of about ₦9 trillion due to states and local governments. The Federal Government accepted the findings,” the statement said.
The governor maintained that the reconciliation report remained in the custody of both the Federal Government and the NGF.
“The report remains in the custody of both the Federal Government and the NGF. We trust the Presidency will not deny its existence,” the statement added.
The statement also noted that Makinde is the incumbent Vice-Chairman of the NGF.
Makinde Questions $21.5bn NLNG Dividend Payments
The governor questioned the Presidency’s statement that NLNG had paid $21.5 billion in dividends into the Federation Account since its inception, including $3 billion received under the current administration.
According to Makinde, the Presidency’s response did not explain how the payments were distributed or establish the amounts received by states and local governments.
“The Presidency stated that NLNG had paid $21.5 billion in dividends into the Federation Account since inception, including $3 billion received under the current administration. But it did not explain how these funds were disbursed,” the statement said.
The governor also questioned whether states and local governments had received their shares, how much they received and the basis for calculating their allocations.
“Have states and local governments received their shares? How much did they receive, and how were those amounts calculated? What happened to the $3 billion received under this administration?” the statement asked.
Makinde defended the figures he had previously cited, maintaining that his claims were based on verifiable information.
“Governor Makinde conducts public discourse with decorum and does not make unfounded claims or quote figures without a basis,” the statement said.
The governor maintained that he was ready to provide further clarification on the matter while urging the Presidency to address the substance of the allegations.
“We remain ready to provide further clarification while we urge the presidency to address the substance of the matter,” the statement added.
Recall that Biztellers had earlier reported the Presidency’s rejection of Makinde’s claim concerning NLNG dividends allegedly withheld from states and local governments.
The Presidency stated that NLNG had paid $21.5 billion in dividends into the Federation Account since its inception, including $3 billion received under the current administration.
However, in his latest response, Makinde argued that disclosing the total amount paid into the Federation Account did not address how the funds were distributed among the different tiers of government.
The governor is now demanding clarification on the distribution of the dividends and the findings of the reconciliation exercise that reportedly identified the ₦9 trillion shortfall.
NEWS
NANS Threatens to Shut Down AE-FUNAI Over School Fees Hike
The National Association of Nigerian Students (NANS) has threatened to shut down Alex Ekwueme Federal University, Ndufu-Alike (AE-FUNAI), Ebonyi State, if the institution’s management fails to reverse the reported increase in school fees.
The association, in a press release dated Sunday, October 18, 2026, described the reported tuition increment as insensitive, unjustifiable and unacceptable, citing the economic difficulties confronting Nigerian students.
The statement was signed by the NANS President, Dist. Comr. Akinteye Babatunde Afeez, GCNS, who warned that the increase could frustrate the academic aspirations of countless students.
SEE MORE: BREAKING: OAUSTECH Student Akinteye Babatunde Elected New NANS National President
“To be clear, education cannot be commercialised. Students cannot be made to pay for the financial challenges confronting our universities,” the statement read.
NANS acknowledged that universities require adequate funding but argued that their managements, particularly vice-chancellors, should explore innovative revenue-generating opportunities rather than impose additional financial burdens on students.
The association maintained that the Federal Government was investing heavily in education to keep students in school and ensure that access to education was not determined by their financial background or status.
NANS Gives University Management Conditions
The student body warned the vice-chancellor and the entire university management against policies capable of pushing students out of school.
It said the national leadership would not stand by while Nigerian students faced additional financial pressure that could threaten their academic futures.
“Going forward, we wish to make it clear to the Vice-Chancellor and the entire University Management that the National Leadership of NANS will not stand by while Nigerian students are subjected to policies capable of pushing them out of school,” the statement said.
NANS subsequently demanded an immediate reversal of the reported tuition increase and called on the university to restore fees to the affordable and reasonable levels that existed before the increment.
The association warned that failure to meet its demand would lead to a mobilisation of its national leadership to the institution.
“To this end, we call on the management of Alex Ekwueme Federal University to immediately reverse the reported tuition increment and return the fees to the affordable and reasonable level that existed before the increment. Otherwise, we will mobilise the National Secretariat of NANS to Alex Ekwueme Federal University and shut down the school until the fee is reversed,” the statement added.
NANS Reaffirms Commitment to Students
The association reiterated its commitment to defending the interests, welfare and aspirations of Nigerian students.
It pledged to continue speaking firmly against policies that place unnecessary and unbearable financial burdens on students.
NANS maintained that students should not be made to bear the financial challenges confronting universities and called on the management of AE-FUNAI to reverse the reported increase.
NEWS
Gov Uba Sani Hands Over Land Titles to Displaced Residents of Nine Kaduna Communities
Kaduna State Governor Uba Sani has handed over land titles to displaced residents of nine communities in Birnin Yero, Igabi Local Government Area, to enable them to rebuild their homes and regain shelter.
The Kaduna State Ministry of Information and Culture disclosed the development on Sunday, October 18, 2026, describing the exercise as an intervention aimed at helping displaced residents rebuild their homes.
According to the ministry, each beneficiary is being allocated a plot of land to support resettlement and provide shelter for affected residents.
SEE ALSO: Kaduna Moves to Clear 5-Year Promotion Backlog for 24,000 Teachers
“ He is officially handing over land titles, giving each person a plot of land to rebuild their homes and regain shelter,” the ministry’s announcement stated.
The ministry also noted that Governor Sani had continued to support displaced communities across Kaduna State since assuming office.
The latest exercise focuses on nine communities in Igabi Local Government Area, with the allocation of land intended to help affected residents rebuild their homes and regain stability.
The development comes amid previous reports concerning land disputes and displacement affecting communities in Kaduna State.
In September 2026, reports indicated that the Kaduna Geographic Information Service (KADGIS) had resolved more than 5,000 land disputes and restored over 150 property titles.
The agency also reported that alternative plots had been provided to some communities affected by previous demolitions.






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