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Atiku tackles Tinubu on FG’s ‘endless borrowing’ despite N7.98trn oil windfall

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*** Describes president’s economic policies as contradictory, opaque, bereft of fiscal discipline

*** Presidency alleges ex-VP Atiku paid US lobbyist $1.2m for election PR

By Uchedo Onyeoma

African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, on Sunday, criticised President Bola Tinubu’s administration over its “unprecedented domestic borrowing” despite the significant windfall accruing from high international crude oil prices.

But the presidency immediately replied Atiku, criticizing him for hiring a United States, US, lobbyist with $1.2 million, in preparation for the 2027 elections, urging the former vice president to show Nigerians the report card of presidential candidate of African Democratic Congress, ADC.

Atiku, on his part, described President Tinubu’s economic management as contradictory, opaque, and bereft of fiscal discipline.

In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu,
Atiku noted that the Federal Government has already raised about N5 trillion from the domestic bond market in the first half of 2026, “almost 80 per cent of the total amount borrowed during the corresponding period in 2025.”

According to Atiku, such aggressive borrowing would only be understandable if government revenues had collapsed.

“The exact opposite is the case,” he said.

The former Vice President pointed out that while the 2026 Appropriation Act benchmarked crude oil at $64.84 per barrel, the average price of Brent crude, the benchmark for Nigerian oil has remained around $92 per barrel between March 1 and July 14. Nigerian crude typically trades at a premium above Brent, making the government’s earnings even higher.

He said: “This naturally raises two unavoidable questions.

“First, why is a government enjoying such an extraordinary oil windfall borrowing at almost twice last year’s pace as though the nation were in financial distress? Second, where is the money?”

Atiku explained that the difference between the budget benchmark and prevailing oil prices amounts to an additional $27.15 on every barrel of crude sold.

“At an average production of 1.5 million barrels per day, Nigeria earns an estimated $42.7 million in additional revenue daily.

“Over the 135-day period between March 1 and July 14, this translates to approximately $5.76 billion, or about N7.98 trillion.

“Nigerians deserve a full accounting of this windfall. Where has the money gone? Why is there no transparent disclosure of the proceeds from excess crude sales? Why is government borrowing heavily when oil revenues are significantly above budget projections?” He asked.

Atiku recalled that previous administrations maintained clear mechanisms for warehousing and reporting excess crude earnings through the Sovereign Wealth Fund and other established fiscal buffers.

“Today, Nigerians have been left completely in the dark. A government that cannot explain what it has done with an estimated N7.98 trillion in additional oil receipts has no moral authority to continue plunging the country deeper into debt,” he stated.

The former Vice President further lamented that despite the huge oil windfall and the removal of fuel subsidy, millions of Nigerians continue to face worsening hardship.

He noted that recent United Nations findings indicate that about 80 per cent of Nigerians cannot afford a decent meal each day, while infrastructure continues to deteriorate despite repeated promises that subsidy savings would be invested in roads, healthcare, education, and other critical sectors.

“It is increasingly evident that this administration lacks the competence, discipline, and transparency required to manage the nation’s resources.

“Rather than allowing Nigerians to benefit from favourable global oil prices, it has chosen the path of endless borrowing, mounting debt, and deepening poverty.

“An ADC administration under my leadership will pursue a fundamentally different approach. Every kobo earned above the budget oil benchmark will be transparently accounted for and managed under a rules-based fiscal framework.

“Rather than borrowing recklessly in the midst of plenty, we will deploy excess revenues to reduce the nation’s debt burden, strengthen our fiscal buffers, and invest strategically in infrastructure, education, healthcare, agriculture, and other productive sectors that create jobs and stimulate sustainable economic growth.

“We will restore transparency in the management of oil revenues by publishing regular reports on excess crude earnings and ensuring that public finances are subject to the highest standards of accountability.

“We will cut the cost of governance, eliminate waste, block leakages, and ensure that borrowing is undertaken only for productive investments capable of generating measurable economic returns, not to finance consumption or conceal fiscal irresponsibility.

“Nigerians deserve answers. They deserve accountability. Above all, they deserve a government that manages national wealth in the public interest, not one that presides over unprecedented opacity while asking future generations to repay debts incurred in the midst of plenty,” Atiku said.

Meanwhile, President Bola Tinubu’s stand was conveyed by his Special Adviser on Media and Public Communication, Sunday Dare, who stated that Nigerians demand to know the report card of the African Democratic Congress, ADC, presidential candidate, Atiku Abubakar.

In a statement he signed, Dare said the former vice president can’t take Nigeria down the path of self-destruction.

The statement reads partly: “Worse still, for a man who presumes to offer leadership to Africa’s most populous nation, his recent resort to grievance offshoring, outsourcing political warfare to Washington and reportedly paying $1.2 million to an American lobbying firm to peddle petitions against a sitting Nigerian President, stands as an affront to Nigeria’s sovereignty and a vote of no confidence in its democratic institutions.

“It is also a stinging slight, an implicit condescension directed at generations of Nigerian journalists, policy analysts, academics, and public intellectuals who have spent decades analysing, critiquing, and carrying the burden of the nation’s democratic evolution.

“The Atiku Abubakar of today cuts a pitiable figure, a grotesque portrait of what a politician becomes when ambition overwhelms judgment and every political faculty becomes programmed for self-destruction.

“No, Atiku cannot take Nigeria down that path with him. He must travel it alone. But first, Nigerians deserve Atiku Abubakar’s report card. Charity, they say, begins at home, not in Washington.

“Nigerians deserve to know whether the Atiku Abubakar who has long presented himself as a democrat is, in reality, a politician of many colours. He has erected for himself a throne built simultaneously on sand and bayonets. It is time to explode the bayonets.”

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Osun Guber: APC senator charges supporters to kill Accord Party, Adeleke supporters allege

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*** We are not afraid, Gov. Adeleke warns

*** Arrest, prosecute Sheikh Jingir, NHRC charges FG

By Nkem Okereh

Tension has remained heightened in Odin state ahead of this weekend’s governorship election, despite the signing of the Peace Accord by the leaders and candidates of the participating political parties

The parties and their candidates had at the event, signed to promote violence free election by Irving their supporters to about d clashes and attacking of each other

But the Peace Accord, which was initiated by the General Abdul salami Abubarkar ryd, led National Peace Movement and the Independent National Electoral Commission (INEC), seems not to have received the acceptance of some political actors in the state

This is as the senator representing Osun East Senatorial District, Francis Adenigba Fadahunsi, on Tuesday, warned the members of Accord Party (AP) from their activities in Ilesha ahead of the August 15 governorship election in Osun State.

The APC senator had ina widely circulated video, where he addressed his supporters Yoruba language in Ilesha, warned that there would be trouble if members of the Accord Party were seen in the area,

Fadahunsi, who called on his supporters to come out and vote during the election, also called on those present to record his statement, while making the remark

He said, “If we hear of Accord Party members coming to Ilesha, there will be trouble. We will all come out and vote. Please record me. We are here, and between now and the election, if we see anyone from the Accord Party, we will kill them,” he said.

This is as the incumbent governor of the state, and Accord Party governorship candidate, Ademola Adeleke, has declared that he would not be intimidated by any form of federal medical ght as he has remained exoressed confidence that he would win the August 15 election

Adeleke said he was not afraid and cannot be intimidated by the alleged support of the Federal Government and some state governors for the All Progressives Congress (APC) candidate ahead of the governorship election

The governor, who spoke during the Arise Townhall Meeting, on Tuesday , described himself as a “bulldozer”, saying he was prepared to confront what he described as “Federal might” and the influence of governors campaigning for his opponent.

“I am a bulldozer. I am not afraid of Federal might and governors backing the APC candidate. If they like, they should bring all the governors,” Adeleke said.

He noted that the governors were free to campaign and mobilise support for the APC candidate, but they would not be able to vote in the election, adding that their presence would not change the position of Odin voters.

“Those governors are my friends. I am a civilised administrator. They won’t vote; they can only come and dance, and after the election, we will meet,” he said.

Meanwhile,the National Human Rights Commission (NHRC), has called on the Federal Government to immediately arrest and prosecute Islamic cleric, Sheikh Yahaya Jingir, over what it described as hate speech and incitement.

The Commission have the charge in a statement issued on Tuesday, by its Executive Secretary, Tony Ojukwu, SAN, s

NHRC condemned in strong terms “the hateful and inciting remarks” it said were attributed to the Islamic cleric in a viral video on Sunday.

The NHRC said it watched with grave concern as the cleric openly canvassed for religiously exclusive politics ahead of the general elections and used derogatory language referring to “infidels” while urging supporters to obtain voter cards to “show their limit.”

It described the statements as a direct attack on the principles of equality, non-discrimination, and peaceful coexistence guaranteed under the 1999 Constitution, as amended, as well as Nigeria’s international human rights obligations.

“The Commission finds these remarks to be hate speech and incitement to religious hatred and potential violence. At a time when we are preparing for another general election, such utterances are reckless and dangerous.

“They serve no purpose other than to divide Nigerians along religious lines and set citizens against one another.

“We cannot afford to look away. If we fail to speak and act now, we embolden both Christian and Muslim clerics and other influential persons to make worse statements in the coming months. That path leads only to crisis,” the Commission stated.

The Commission therefore called onon the Inspector General of Police, the Director General of the Department of State Services, and other relevant authorities to immediately arrest and prosecute Sheikh Jingir for hate speech and incitement, while it urged religious leaders, traditional rulers, and politicians to refrain from divisive rhetoric, and reject identity politics and to hold leaders accountable based on competence and service delivery

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INEC keeps mum as states scare opposition with campaign permit funds

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INEC Chairman

***Kogi, Abia govts slam N150m, N200m for campaign billboards, posters

*** Supporters to pay for wearing branded campaign T-Shirts, caps, bags, others

*** Fees, draconian assault on political participation – PDP

By Eze Nnadi

Ahead of the 2027 general election, opposition political parties and their candidates have continued to witness some harsh campaign policies from the ruling parties across the states, even as the Independent National Electoral Commission (INEC) has remained mute, despite suing for equal opportunities for campaign across political lines.

Even as the election umpire has not cleared the parties and their candidates for political campaigns as prescribed by the 2026 Electoral Act as amended, state governments have, in measures to frustrate the opposition parties and their candidates, rolled out stringent financial policies for campaigns.

While the opposition parties and their candidates are to some extent, not allowed to have access to state government-owned electronics media stations for their campaigns, the state governments have equally rolled out stringent and frustrating policies to scare the parties from public campaigns .

For example, the ‎Kogi State Government, on Tuesday, said it has fixed N150 million as the official fee payable by presidential candidates for the placement of campaign billboards, posters and other promotional materials across the state ahead of the 2027 general election.

‎The government also approved N50 million for senatorial candidates, N30 million for House of Representatives candidates and N5 million for State House of Assembly candidates.

‎The Commissioner for Information and Communications, Kingsley Fanwo, made the disclosure after a stakeholders’ meeting with the state signage and advertising agency.

‎Fanwo said the fee will also cover the wearing of branded T-shirts, caps and other political promotional items, by supporters of political parties and their candidates.

‎According to Fanwo, the fees are intended to regulate political advertising, enforce existing signage laws and boost the state’s internally generated revenue, adding that the fees were determined after a peer review of applicable charges in other states, adding that the government considered them affordable given the scale and reach of political campaigns.

The Kogi state government warned all political parties and candidates against erecting billboards or displaying campaign materials without paying the prescribed fees and obtaining the necessary approvals.

‎He said offenders, including individuals or organisations found aiding or facilitating violations, would face prosecution.

‎He said, “In Kogi, APC is the ruling party, but that does not exempt any APC candidate from complying with the law.

‎“If you are an APC candidate and you did not pay the prescribed fee before placing your billboards or posters, we will remove them and you will be prosecuted.

‎“The government is for everybody. All political parties and candidates are hereby enjoined to adhere strictly to the regulations governing the placement of campaign materials across the state,” he said.

‎Fanwo noted that the Kogi State Signage and Advertisement Agency, KOSSAA, under the Ministry of Information and Communications, would coordinate the implementation and enforcement of the new campaign signage regime., adding that enforcement would be carried out fairly and without political discrimination.

In Abia state, opposition political parties and candidates have rejected the N200m fee imposed by the Abia state government as payment for the placement of any campaign billboards across the state ahead of the 2027 general elections

The Abia State government, through the State Structure for Signage and Advertisement Agency (ABSSAA), in a statement on Thursday, announced fees for placement of campaign billboards, posters across the state ahead if the polls.

ABSSAA placed a N200 million signage fee on all 2027 presidential candidates and N150 million for governorship candidates and N20 million on candidates contesting other elective positions before they could display their political campaign posters anywhere in the state.

Rejecting the fees, the People’s Democratic Party (PDP), described the fees as not only outrageous and punitive but also a draconian assault on political participation.

PDP in a statement signed by the state Publicity Secretary, Jude Udeachara, said it considered the policy an outrageous commercialisation of the democratic space, a calculated assault on opposition candidates, and an unconscionable attempt to convert political participation into the exclusive privilege of the wealthy and those with access to public funds.

The PDP noted that the fees were not regulation, but political extortion dressed in administrative language, aimed at silencing political opponents and denying less financially endowed candidates the opportunity to communicate with the Abia electorate.

According to the statement, “Governor Otti must be reminded that Abia State is not his private estate and that ABSSAA is not an instrument that may lawfully be deployed to erect financial barricades against opposition political parties. Public advertising spaces are part of the democratic environment in which candidates must be allowed to canvass for votes under fair, transparent and reasonable conditions.

“The imposition of these prohibitive charges raises grave questions about the Otti administration’s understanding of the campaign finance framework established by the Electoral Act 2026.

“Section 92 of the Act limits the total election expenditure of a presidential candidate to ₦10 billion, a governorship candidate to ₦3 billion, a senatorial candidate to ₦500 million, a House of Representatives candidate to ₦250 million, and a State House of Assembly candidate to ₦100 million. A candidate who knowingly exceeds the applicable ceiling commits an offence and may, upon conviction, face a fine, imprisonment for up to 12 months, or both.”

The party argued that if all 36 states and the Federal Capital Territory were to replicate Abia’s ₦200 million charge, a presidential candidate would be required to spend ₦7.4 billion on permits alone.

“That would consume 74 per cent of the candidate’s entire ₦10 billion statutory spending ceiling before paying for the production, mounting or maintenance of a single billboard or undertaking any other campaign activity.

“This exposes the absurdity, recklessness and anti-democratic character of the Alex Otti administration’s policy.”

The PDP called on the Independent National Electoral Commission (INEC) to take immediate notice of the development and caution the Abia State Government against policies capable of undermining a level playing field ahead of the 2027 elections.

Also, the governorship candidate of the African Action Congress, (AAC) in Abia State, Doris Ogala, slammed the imposition of N150m charges on guber candidates for the placement of campaign billboards in the state.

Ogala in a video she posted on X, said she does not have a godfather who ‘has stolen government funds’ to pay such an amount of money for billboard display.

She fumed, “People are dying in the hospital. Workers are dying. Their salaries have not been paid, and you are imposing 150 million naira for a candidate. Where will I get the money from?

“Do I have a godfather who has stolen government funds? I should pay 150 million naira. I dare anybody to touch my billboard. All of us will campaign without a billboard in this state.”

It would be recalled that the African Democratic Congress (ADC) governorship candidate in Adamawa state in the 2027 general election, Omar Suleiman, has been slammed a fine of N3m by a Yola Chief Magistrate Court for pasting his campaign posters on a public infrastructure.

Chief Magistrate Musa Adamu of Chief Magistrate Court No. 2, in a case jointly filed by the Adamawa State Ministry of Environment, the Adamawa State Urban Planning Board and the Attorney-General of Adamawa State, found the candidate guilty for violating Adamawa state environmental and outdoor advertising regulations

The court noted that the posters were found on the Unity Flyover, Jippu-Jam Roundabout in Yola and the Mai Doki Roundabout in Jimet, which the court noted were public places

The court said the matter was treated as an administrative proceeding because the defendant was absent, while no charge was read and no plea was taken.

Authorities said the action was taken under the state’s Executive Order regulating outdoor advertisements and protecting public infrastructure., adding that the court’s decision would serve as a warning to politicians ahead of the 2027 campaigns, as the state government insisted that political activities must comply with environmental and urban planning laws.

It would further be recalled that a primary school head teacher, in Orumba South local government area of Anambra state was suspended by the state education board for approving the Community Primary School, Umunze premises for an opposition party rally, during the 2025 governorship election in the state

Despite all the numerous attempts by ruling parties and their states to frustrate and push the opposition political parties out of public space ahead of the 2027 polls, the Independent National Electoral Commission (INEC) has however, remained silence, even as it had earlier threatened to sanction ruling political parties, whose governments are using the fees to clampdown on opposition campaigns and democracy.

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Military eliminates ISWAP VIP escort commander, other fighters in Borno

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*** Shekau’s son reportedly emerges top Boko Haram commanders

By Mustapha Ujab

Terrorist groups operating in Borno area of the North Eastern Nigeria, have continued to suffer major set backs in the hands of Nigerian military, as the troops have launched air strikes on the Islamic State West Africa Province, ISWAP, in the Sambisa Forest, Borno State, killing a key VIP escort commander, Qaid Abu Khalid Al Muhajir, and eight other fighters.

This as it was reported that Ibn Mohammed bin Shakau, the biological son of the late Boko Haram leader, Abubakar Shekau, has emerged within the ranks of the Boko Haram insurgent group.

The setback from the military against the ISWAP, was contained in a statement posted on X by security expert, Zagazola Makama, who disclosed that the strikes, conducted on Saturday, August 8, 2026 around the Yuwe and Sabil Huda enclaves in the Sambisa Forest, were highly effective.

He said Abu Khalid is a specialist responsible for providing escorts and coordinating the movement of senior ISWAP commanders and other high-value members of the terrorist group.

Khalid was reportedly highly familiar with navigation routes and tactical movements connecting major ISWAP enclaves, particularly roads used for the movement of senior commanders and special convoys.

His role reportedly made him an important facilitator of mobility within the terrorist group’s network, enabling senior members to move between enclaves while reducing the risk of interception by security forces.

According to Zagazola, nine ISWAP fighters were neutralised during the air strikes, while several others sustained varying degrees of injuries.

He added that the casualties included terrorist elements linked to the group involved in the ambush of Nigerian troops along the Bita–Yamtage axis in Gwoza Local Government Area.

“The latest intelligence suggests that the air strikes may have disrupted a wider network of fighters involved in terrorist operations across the Sambisa Forest and the Gwoza axis.

Also I’m Borno, the Air Component of Operation HADIN KAI, OPHK, has reportedly neutralised nine suspected terrorists and destroyed three carts believed to be carrying weapons and logistics during a precision air strike at Dumba in Borno State.

A statement posted on X by security expert, Zagazola Makama, said the operation was conducted on Saturday, August 8, following credible intelligence on terrorist activities around the Dumba area.

Zagazola stated that the operation was executed during an armed reconnaissance and air interdiction mission.

According to him, the aircraft, established overhead Dumba at about 2:58 p.m. after intelligence indicated the presence of suspected terrorists in the area.

He added that on reaching the target location, the aircraft reportedly detected a group of three suspected terrorists walking along a road and another group of six terrorists pushing three carts suspected to be laden with weapons and other logistics.

“Rather than engaging immediately, the aircraft maintained surveillance and tracked the terrorists until both groups converged and came to a halt at a location inside the bush,” he said.

Meanwhile, Ibn Mohammed bin Shakau, the biological son of the late Boko Haram leader, Abubakar Shekau, has reportedly emerged within the ranks of the Boko Haram insurgent group.

A counter-terrorism expert, Zagazola Makama, made this known in a post on X.

Makama noted that the development has raised fresh concerns over the possible continuation of the ideology and networks associated with his father, Shekau.

According to Zagazola, Ibn Mohammed is reportedly following the path of his father, who was one of the most notorious figures in Nigeria’s insurgency in the North-East.

Shekau became the leader of Boko Haram after the death of the group’s founder, Mohammed Yusuf, and presided over some of the most violent periods of the insurgency.

Under his leadership, Boko Haram carried out attacks against communities, security personnel, government institutions and other civilian targets across the North-East and neighbouring countries.

Shekau was also known for his uncompromising leadership style and his use of propaganda videos to threaten governments and announce attacks.

“His death in 2021, following a confrontation with fighters of the Islamic State West Africa Province, ISWAP, significantly altered the dynamics of the insurgency in the Lake Chad region,” Zagazola noted.

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