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Naira redesign plot to install interim govt to be led by retired general – El-Rufai

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The Kaduna State Governor, Nasir El-Rufai, on Thursday described the current scarcity of naira notes as part of an alleged plot to disrupt the forthcoming general elections to ensure an interim government takes over.

The governor made the allegation in a state broadcast.

He alleged that the development was meant to ensure that the presidential candidate of the ruling All Progressives Congress, Bola Tinubu, and other candidates of the party lose.

He claimed that those who lost out in the party’s primaries were behind the plot.

He said, “It is important for the people of Kaduna State, and indeed Nigeria, to know that contrary to the public pronouncements and apparent good intentions, this policy was conceived and sold to the President by officials who completely lost out in the gubernatorial and presidential primaries of the APC in June 2022.

 “Once Asiwaju Bola Tinubu emerged as the candidate in June 2022, and subsequently did not pick one of them as his running mate, this currency redesign policy was conceived to ensure that the APC presidential candidate is deprived of what they alleged is a humongous war chest.

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 “They also sought to achieve any one or more of the following objectives: create a nationwide shortage of cash so that citizens are incited to vote against APC candidates across the board resulting in massive losses for the party in all the elections; ensure that the cash crunch is so serious, along with the contrived and enduring fuel shortage existing since September 2022, that the 2023 elections do not hold at all, leading to an Interim National Government to be led by a retired Army General; sustain the climate of shortage of fuel, food and other necessities, leading to mass protests, violence and breakdown of law and order that would provide a fertile foundation for a military take-over.”

 In pursuit of the objectives, El-Rufai claimed the Central Bank of Nigeria and those he described as “other disgruntled federal officials” had convinced the President that it was fine for ordinary citizens to be dispossessed of their hard-earned money, and starved if need be, while small and medium-sized businesses were deprived of access to their capital, thereby bringing trade and exchange to a grinding halt.

He said all efforts by state governors to modify the implementation of the policy to avoid what they assumed were unintended consequences were unsuccessful.

El-Rufai said politicians that the officials had convinced the President to regard as the real targets of the currency redesign policy have not been impeded in any way by it so far.

He added, “Indeed, two of the presidential candidates and a running mate of the opposition parties own or have preferred access to some of the licensed banks. For that reason and by various clandestine arrangements, these politicians have access to hundreds of millions of these new notes, while the traders, merchants, students and other citizens are queuing for days to withdraw a few thousand naira just to buy food and necessaries.

“Within two to three weeks of implementation, it was clear to everyone that the architects of this policy can see that it is our people that are being affected and not the politicians. It is quite unfortunate that many politicians who either own banks or have privileged access to money are so insulated from the pains of talakawa that they are recklessly endorsing a policy that is being badly implemented.”

The governor said there was no reason why the old and new notes should not coexist until the old notes are gradually withdrawn over the years as it is done in the United Kingdom, Saudi Arabia and other countries.

El-Rufai faulted the position of the President on the matter, saying, “The address by the President earlier this (Thursday) morning limiting the legal tender status of old notes to only N200 amounts to total disregard and disobedience of the ruling of February 8 which was extended further yesterday (Wednesday) by the Supreme Court.

“The misguided action of the Attorney-General to mislead the President into engaging in this public violation of the order of the highest court of the land shows how desperate the policy architects are to cause national chaos, by showing open contempt for the judiciary.

“The decision to recognise only N200 as legal tender till April that the President announced this morning was offered to the state governments as part of proposals for an out-of-court settlement three days ago.”

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NDC: “They cannot stop me, they will fail” — Peter Obi

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“…If you know what they are doing to ensure that I’m not on the ballot in 2027, you will be surprised”

Presidential candidate of the Nigeria Democratic Congress (NDC), Mr Peter Obi has vowed that nobody will stop him from taking part in the 2027 general election.

Obi spoke in reaction to the Federal High Court judgement on Friday, which ordered the Independent National Electoral Commission, INEC, to deregister the party.

The NDC candidate, who disclosed that powerful forces want him out of the race, declared that he is unstoppable.

Obi was a guest speaker at a leadership programme hosted by a group, NextGen Mentorship and Leadership Initiative on Friday at Madonna University Okija, Anambra State.

He said: “If you know what they are doing to ensure that I’m not on the ballot in 2027, you will be surprised.

“The Nigerian government is doing everything to ensure that I do not contest in this election, but I’m not looking at the obstacles but at the destination.

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“I’m rather focussed at the fruitfulness of the destination and that is what keeps me going.

“I’m not desperate to be Nigerian President but desperate to see Nigeria work. Go and obtain your PVC. If you don’t vote, you are hurting your future. When you have your PVC, do not vote for me because I’m an Igbo man. I’m not contesting the election because I’m an igbo man, but vote for me because I’m the most qualified.”

On the court judgment, he had this to say: “They cannot stop me. They will fail. Let me assure you it is not the end of the road. We are committed to this democracy and to those who want to kill this democracy they are trying to hurt the society.

“The reactionary elements in Nigeria, those who are bent on holding Nigeria down do not want it to work but I can assure you it would work. I have confidence that I will pull through because the will of the people must prevail.

“No where is safe in Nigeria today, yet the people who should help salvage the country are bent on hurting our democracy.

“My message to all those who mean well for Nigeria and not just my supporters is for us to remain peaceful and continue to resist this tragedy being imposed on Nigeria.”

He also challenged President Bola Tinubu to a debate, noting that “I challenge any of those contesting to a debate to say what they want to do for this country, including President Bola Tinubu. I’m not saying it to make you happy but to change Nigeria and make it work.”

Meanwhile, the NDC has also  rejected the judgement , declaring that it has instructed its lawyers to file an appeal.

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Remi Tinubu sparks debate after urging Nigerians to start akara, corn businesses

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First Lady Oluremi Tinubu has come under fire on social media after encouraging Nigerians to consider small-scale ventures such as selling akara, roasted corn and kuli-kuli, saying the businesses require little capital to begin.

Tinubu made the remarks while speaking with correspondents following the second-quarter meeting of the Renewed Hope Initiative with wives of state governors at the State House in Abuja on Wednesday.

A video of her comments, shared by News Channel 247 on Friday, quickly generated widespread reactions online.

Speaking on the activities of the Renewed Hope Initiative, the First Lady said the programme had been providing grants, rather than loans, to vulnerable Nigerians to help them start businesses and improve their livelihoods.

“We’re trying to give hope, and to start Akara business doesn’t take a lot of money. To start roasting corn, or somebody even said kuli kuli doesn’t take much. We didn’t give them a loan; we gave it to them as a grant.

“So we’ve encouraged Nigerians as best as we could. What is within our hands, I have given, and I keep giving,” she said.

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Tinubu also highlighted the initiative’s interventions in healthcare, education, agriculture and social investment, noting that she had personally supported several causes with substantial donations.

“I remember giving for TB. When I heard there were so many TB cases, I gave N2 billion. To breast cancer, I gave a billion. For food malnutrition, I gave half a billion.

“So those are the things we’ve been doing and making sure we can make sure that whatever this government is trying to do, it will see the light of day,” she stated.

According to the First Lady, the initiative has also provided scholarships, ICT training opportunities and support for agricultural and social investment programmes.

She urged Nigerians to remain hopeful despite the prevailing economic difficulties.

“The narrative has really changed, has changed to challenge the average man, whereas the average man is supposed to have hope. So I like the idea that Mr President say this is the Renewed Hope Agenda.

“We have to renew our hope, and that’s how we renew our hope, you know, and that’s what I have to tell Nigerians,” she said.

However, her comments on small-scale businesses triggered swift criticism, with many social media users accusing her of downplaying the severity of the country’s economic challenges.

An X user, @ADCVanguard_, said the video demonstrated “exactly how disconnected Nigeria’s ruling class has become from the reality of ordinary citizens.”

Another user, @ireteeh, compared the initiative’s interventions with private-sector efforts, writing: “The First Lady is empowering people with akara, corn, and kuli-kuli, while an ordinary citizen with limited resources is equipping people to build thriving careers in cybersecurity.”

A user identified as Nefertiti (@firstladyship) also criticised the remarks, saying, “Nigerians are in big trouble. There is fire on the mountain but the people are tired of running.”

Despite the backlash, some Nigerians defended the First Lady, arguing that there was nothing wrong with encouraging people to engage in small businesses.

One X user, @Akikanju1568901, described akara as “one of the most lucrative businesses in Nigeria,” noting that the trade has enabled many families to train their children in universities and acquire houses and cars.

Another user, @PemiOladapo, wrote: “There’s dignity in labour… these are our local snacks! People should start it and scale it!”

Meanwhile, another commentator, @TossynBankz_, argued that the issue was not the nature of the businesses but the broader economic context.

“Nobody is mocking akara, roasted corn, or kuli-kuli. Those are honest businesses. The problem is that Nigerians are asking for a better economy, more jobs, and lower prices. Telling people to start selling akara in this situation just feels like the government doesn’t understand what people are going through,” the user wrote.

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BREAKING: Court nullifies NDC’s registration, overturns earlier ruling that directed INEC to register party

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The Federal High Court sitting in Lokoja, Kogi State, has set aside its earlier judgment that compelled the Independent National Electoral Commission (INEC) to register the Nigeria Democratic Congress (NDC) as a political party.

The latest ruling effectively reverses the legal basis upon which the NDC had been listed by INEC, throwing the party’s status into uncertainty and preventing it from operating as a recognised political party for now.

Earlier this year, the NDC secured a Federal High Court judgement in Lokoja, Kogi State in Suit No. FHC/LKJ/CS/49/2025 directing INEC to register it, a development that sparked controversy among other political associations. The party’s inclusion on the electoral commission’s list was based solely on that court order.

However, the registration was challenged by rival political groups, particularly the All Democratic Alliance (ADA), which argued that the NDC failed to comply with statutory requirements for political party registration.

The challengers alleged that the party did not properly complete the application process through INEC’s designated portal and failed to submit essential documents, including its manifesto and other required materials.

Following the fresh legal challenge, the Federal High Court in Lokoja revisited the matter and vacated its previous judgment, agreeing that the earlier order compelling INEC to register the NDC should no longer stand.

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The court’s decision means that the NDC is currently not an officially registered political party. As a result, the party cannot sponsor or field candidates in any election until it obtains formal recognition from INEC.

The judgment also effectively returns the party to the starting point of the registration process. To regain recognition, the NDC will either have to meet all of INEC’s registration requirements and apply afresh or challenge the latest judgment at the Court of Appeal.

For INEC, the ruling means the electoral commission is no longer under any legal obligation to register the NDC.

The court agreed with the commission’s position that there were legal issues surrounding the earlier order that compelled the registration, which may have involved procedural errors, timing, or failure to satisfy statutory conditions.

In practical terms, the court’s decision keeps the NDC off the list of officially recognised political parties unless it successfully overturns the ruling on appeal or completes the registration process in accordance with INEC’s guidelines.

The latest judgment marks a significant twist in the legal battle over the party’s registration and could have implications for its political ambitions ahead of future elections.

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