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Naira Scarcity Plot For Interim Govt To Be Led By Retired General, FG Wants Tinubu To Lose Presidential Election — 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.

“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.”

BIG STORY

Power Interrupted: Wike And The Naval Officer’s Quiet Defiance — By Babajide E. Ikuyajolu

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Public Work or Defiance?

In a country where power often speaks louder than law, the recent confrontation between FCT Minister Nyesom Wike and a Naval officer did more than spark an argument. It stirred something deeper about how Nigerians now see authority.

The video showed what many described as an altercation: Wike visibly angry, the naval officer standing firm, refusing to yield. In a different setting, it might have been a routine exchange of hierarchy. But Nigeria is no longer a place where power goes unquestioned, and that made the moment explode into fascination and quiet applause.

Between Law and Ego

Inside military circles, there is a colloquial expression called “Two Fighting”. It is not a written law, but a saying, used when a senior officer assaults a junior one without legal justification or outside military boundaries. It captures a simple truth whispered in the barracks: rank may command obedience, but it should never erase dignity.

Yet, this was not two fighting. This was a civilian political authority confronting a uniformed officer, a delicate space between governance and discipline, between civil power and uniformed restraint.

By law, Ministers direct policies, not soldiers. The Armed Forces Act makes clear that obedience belongs within a defined chain of command. So while Wike may have carried political weight, the officer’s calm refusal stood on the firmer ground of legality, and perhaps morality too.

Still, power has its own dialect, and sometimes ego translates it louder than law.

The Street’s Verdict

If the law spoke in nuance, the people spoke in certainty. Nigerians did not see a minister enforcing order. They saw a man in power trying to impose himself, and a naval officer who refused to bow.

Across motor parks, offices, and social media timelines, one thing was constant: Admiration. Not necessarily for defiance, but for composure. The officer’s restraint felt like a collective release, the kind that says, “At least someone stood up today.”

It was not rebellion they saw. It was representation. For once, someone in uniform seemed to mirror the quiet dignity Nigerians wish their leaders would show.

The Weight of Punishment

Yet, within the military, hierarchy remains sacred. Technically, the officer could face disciplinary action, not for fighting, but for the embarrassment the episode brought.

But here is where the lines blur again: when a man in uniform is punished for restraint, the public does not see discipline. They see injustice. And in a country already brimming with silent anger, such a message can ripple far beyond the barracks.

Because military men are Nigerians too. Their uniforms may set them apart, but their frustrations are rooted in the same soil. When one of them is made a scapegoat for showing composure, the people watching from the sidelines feel it personally. Their silence starts to sound like protest waiting for a trigger.

Sometimes it takes very little for collective irritation to turn into open defiance, not from hate, but from exhaustion.

The Balance We Need

Moments like this test more than authority; they test perception. They force a country to ask if power can coexist with fairness.

What the situation needs is not punishment or spectacle, but Arbitration, the kind that listens before it judges. Because the more openly government can resolve such tensions, the more quietly the people begin to believe again.

Arbitration here is not just about a verdict; it is about trust. It is the government telling its citizens, “We can be firm without being cruel.” That message alone can hold back the tide of cynicism rising in the hearts of those who have stopped expecting justice to ever look familiar.

Beneath the Outburst

This incident was never about a fence, a title, or a patch of land. It was about something far more human, the way Nigerians now relate to those who hold authority over them.

They are not anti-leadership. They are simply weary of the kind that confuses service with status.

That is why Wike’s anger did not register as zeal for order, but as the old sound of entitlement. And why the naval officer’s restraint felt like a glimpse of the Nigeria people still hope for, a place where discipline and dignity do not cancel each other out.

The Echo

Maybe this was not about who was right or wrong. Maybe it was about what happens when power finally meets a kind of calm it cannot command.

Because in that brief standoff, Nigerians did not just see an officer.

They saw themselves, standing tall, unarmed, but finally unwilling to move.

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BIG STORY

JUST IN: Federal Government Suspends Implementation Of 15% PMS, Diesel Import Duty

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the previously proposed 15 per cent ad-valorem import duty on Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel) will no longer be implemented.

George Ene-Ita, Director of the Public Affairs Department at NMDPRA, issued the update on Wednesday, urging the public to avoid panic buying of petroleum products.

The import tariff had been approved by President Bola Tinubu on October 29, following a submission from the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji. The proposal sought to apply a 15 per cent duty on the cost, insurance, and freight (CIF) value of imported petrol and diesel, aiming to align import costs with domestic market realities. Implementation was originally scheduled to begin on November 21, 2025.

In its statement, NMDPRA clarified that the government is no longer pursuing the implementation of the fuel import duty. “It should also be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in View,” the agency stated.

The authority also assured Nigerians that the country has an adequate supply of petroleum products, meeting the national sufficiency threshold, even during this period of peak demand.

This suspension comes amid concerns from stakeholders about potential price increases and market disruptions that could have resulted from the import duty. The NMDPRA emphasized that the move is aimed at maintaining stability in fuel supply and preventing undue hardship for consumers.

President Tinubu’s initial approval had reflected a broader policy to regulate fuel imports and align them with domestic economic realities, but the suspension indicates a recalibration in response to public and market considerations.

NMDPRA continues to monitor the fuel market to ensure sufficient supply and smooth distribution across the country, urging citizens to adhere to official guidance and avoid hoarding.

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BIG STORY

Obidient Movement’s Mobilisation Director, Morris Monye Resigns; Says Obi Doesn’t Care About Local Structure, No Financial Support

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The Director of Mobilisation for the Obidient Movement, Morris Monye, has resigned from his position, citing poor coordination within the group and the strain of personally funding its activities.

In a statement released via his X handle on Thursday, Monye expressed frustration over what he described as weak organisational structure and lack of support from the movement’s leadership, which he said led to a poor outing in the recently concluded Anambra governorship election.

Monye stated, “Almost a year down the line, most of our short, medium, and long-term plans have not been met. I won’t be part of optics and no work. The poor showing at the Anambra election has also made my position untenable.”

He disclosed that he had personally financed the group’s nationwide mobilisation drives, covering travel expenses, voter awareness campaigns, local structure support, and logistics — all without any financial assistance from the leadership or the presidential candidate of the Labour Party, Peter Obi.

Monye added, “No money was given to the Directorate of Mobilisation. There’s no bank account even for the directorate. In fact, Mr Peter Obi has never asked what we are doing in mobilisation — no communication, nothing.”

The former director also alleged that his role attracted harassment and intimidation from government supporters and security agencies. He said the constant pressure and lack of security took a toll on him and his family.

“It’s a role that paints a target on your back. I’ve had to remain silent so as not to discourage anyone or appear to be complaining, but it has taken a toll on me and my family, who can hardly understand it all,” he stated.

Monye highlighted several of his contributions to the movement, including creating an online registration platform for members, reviving inactive support groups, setting up regional and local offices, and launching the Obidient NextGen university campus network.

He noted that he also helped raise campaign funds for the Obidient candidate in the Anambra election and began an initiative to equip polling unit agents with affordable body cameras for transparency — a project he urged his successor to complete.

According to him, “The next director must follow up on this. We have not closed it out yet. You can’t run a campaign simply from general goodwill. This is not 2023. The element of surprise is gone.”

Reflecting on his tenure, Monye described his service in the Obidient Movement as a “privilege” but said it was time for “someone else to carry the mantle.”

Morris Monye, known as one of the movement’s prominent figures, played a key role in its early mobilisation phase. The Obidient Movement, inspired by Peter Obi’s 2023 presidential campaign, evolved into a grassroots political force largely driven by youthful supporters and social media advocacy.

As of press time, the leadership of the movement, including the National Coordinator, Dr. Yunusa Tanko, had yet to issue a response to Monye’s resignation or the concerns he raised.

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