Connect with us


BIG STORY

You’re Working For Atiku – Tinubu Threatens Court Action Against Channels TV, Arise News

Published

on

The presidential candidate of the ruling All Progressives Congress (APC), Bola Tinubu, has vowed to sue some media organisations including Arise News, Channels TV, and BusinessDay newspaper, for spreading “fake news and assassinating” his character over alleged drug trafficking case previously treated in the United States.

 

He accused the media organisations of working for former Vice President Atiku Abubakar and former Anambra state governor, Peter Obi.

 

During the week, documents circulated in the public space detailing a forfeiture of money via the US District Court for the Northern District of Illinois purported to be linked to drug trafficking by Tinubu.

 

The documents however did not show that Tinubu was put on trial or that he had dealings with drug trafficking rings. The documents also showed the case was concluded about 30 years ago.

 

The matter led to Tinubu’s forfeiture of $460,000 in one of the 10 accounts linked to the former Lagos state governor.

 

Tinubu’s campaign also said the forfeiture was for taxes not paid on income accruing to the ruling party’s candidate.

 

On Saturday night, the Director, Media and Publicity, APC Presidential Campaign Council, Bayo Onanuga, writing on the allegations via a post on his Facebook page on Saturday, said a suit would be filed over the case “sooner than later”.

 

Onanuga, who was reacting to the Independent National Electoral Commission’s (INEC) denial of investigating a criminal case against Tinubu, further accused the media organisations of having been paid by the presidential candidates of the Peoples Democratic Party (PDP) and Labour Party (LP), Abubakar and Obi, respectively to spread fake news against Tinubu.

 

He stated: “All those people, including Arise TV, BusinessDay, and Channels TV spreading fake news and assassinating the character of Asiwaju Tinubu will meet us in court sooner than later.

 

“You have all thrown professionalism and objectivity to Jabi Lake because you are playing the script of your master puppeteers, Atiku and Peter Obi. The height of your shenanigans today was the wide use of a fake INEC statement.

BIG STORY

BREAKING: GTCO Becomes First Banking Stock To Exceed N100 On NGX

Published

on

Guaranty Trust Holding Company has achieved a strong mid-market showing during the July 16, 2025, trading session, surpassing the N100 milestone.

This makes GTCO the first banking stock listed under the NGX Banking Index to cross the N100 benchmark, while Stanbic IBTC Holdings remained just below at N99.

The upward movement aligns with the broader positive sentiment in the banking sector, where the NGX Banking Index has gained over 22% so far in July.

The development follows GTCO’s recent dual listing, which involved 2.29 billion ordinary shares being listed on the London Stock Exchange on July 9, 2025, and another 2.28 billion shares added to the Nigerian Exchange the next day.

The stock’s rise appears driven by investor response to its cross-border listing and its strong Q1 2024 financial performance. Month-to-date, GTCO has posted a gain exceeding 27%.

Continue Reading

BIG STORY

BREAKING: Atiku Abubakar Resigns From PDP

Published

on

The presidential flagbearer of the Peoples Democratic Party in the 2023 general elections, Alhaji Atiku Abubakar, has officially withdrawn his membership from the opposition party.

Atiku submitted his resignation ahead of the 2027 general elections, following confirmation of his involvement in forming a new coalition known as the Alliance Democratic Congress.

The resignation was contained in a letter dated Monday, July 14, 2025, and addressed to the chairman of the PDP in Jada 1 ward, Jada Local Government Area, Adamawa State.

A copy of the letter was shared on X by the Special Assistant on Media to the former Vice President on Wednesday.

The letter stated, “I am writing to formally resign my membership from the People’s Democratic Party (PDP) with immediate effect.

“I would like to take this opportunity to express my profound gratitude for the opportunities I have been given by the party.

“Serving two full terms as Vice President of Nigeria and being a presidential candidate twice has been one of the most significant chapters of my life.

“As a founding father of this esteemed party, it is indeed heartbreaking for me to make this decision.

“However, I find it necessary to part ways due to the current trajectory the party has taken, which I believe diverges from the foundational principles we stood for. It is with a heavy heart that I resign, recognising the irreconcilable differences that have emerged.

“I wish the party and its leadership all the best in the future. Thank you once again for the opportunities and support.”

 

More to come…

Continue Reading

BIG STORY

EFCC To Appeal Ruling Acquitting Fayose Of Money Laundering Charges

Published

on

The Economic and Financial Crimes Commission (EFCC) says it will challenge the judgment that cleared Ayodele Fayose, former governor of Ekiti state, of money laundering and fraud accusations.

In his decision on a no-case submission, Justice Chukwujekwu Aneke ruled that the prosecution did not provide enough evidence to require Fayose to present a defence.

After the judgment, EFCC counsel Rotimi Jacobs stated that the commission would obtain the certified judgment and begin the appeal process.

Fayose and his company, Spotless Investment Limited, had been re-arraigned on an 11-count charge of laundering ₦6.9 billion, allegedly during his time as governor.

The charges included allegations that Fayose received ₦1.2 billion for his 2014 campaign and accepted $5 million in cash from Obanikoro, bypassing standard banking procedures.

He was also accused of laundering several sums and using over ₦1.6 billion to purchase properties via proxies and firms such as De Privateer Ltd and Still Earth Ltd, contrary to the Money Laundering (Prohibition) Act, 2011.

During the May 19 no-case submission, Kanu Agabi, Fayose’s lawyer, argued that the prosecution failed to prove its case and pointed out that Abiodun Agbele, allegedly central to the transactions, wasn’t charged, which weakened the EFCC’s position.

“With due respect, the predicate offences do not hold water. Criminal breach of trust and conspiracy are distinct offences, and no co-conspirator was charged,” Agabi stated.

He asked the court to find that Fayose had no case to answer.

Olalekan Ojo, lawyer for the second defendant, also submitted a separate no-case application dated March 21, 2025, with supporting documents filed on May 16.

Ojo contended that the main evidence provided by the prosecution, particularly Obanikoro’s testimony, was unreliable since he confirmed there was no direct communication between Fayose and Sambo Dasuki, the former national security adviser.

Jacobs, however, urged the judge to dismiss the no-case submissions, arguing that there were unexplained financial activities that needed clarification.

He questioned why Fayose didn’t use his personal account if the money was legitimate, referencing EFCC investigator Abubakar Madaki’s claim that Fayose acquired properties through associates who later denied ownership, even though Fayose admitted the properties were his.

“If the money was clean, why not buy the properties in his name?” Jacobs asked.

He also referred to Obanikoro’s account that Fayose requested the money in cash and introduced Agbele to receive it, saying Fayose must explain these actions.

Despite these arguments, the court ruled in favour of the defendants and granted the no-case submission.

Continue Reading



 

Join Us On Facebook

Most Popular