News
OPINION: Atiku Versus Tinubu And Nigeria At 63

By Lasisi Olagunju
Where witches contend and exchange punches, mere men do not stand by to watch. But part of the job of a journalist is to see and report; sometimes he runs commentaries on bouts – not minding if the pugilists are gods or principalities. There is an ongoing offshore Bola Tinubu versus Atiku Abubakar rumble-in-the-jungle, a perfect heavyweight bout between power potentates. These two used to be very good friends and political soul mates. But Pompey the Great and Julius Caesar were also allies and in-laws. Yet, when it was time for Caesar to confront Pompey by crossing the Rubicon in January 49 BC, he did so without looking back. Caesar crossed that river after charging his army with the famous lines: “Let us go where the omens of the gods and the crimes of our enemies summon us. The die is now cast.” With those words, Julius Caesar determined his own fate; he sealed the fate of Pompey and altered the course of their country’s history forever.
In faraway Chicago, United States, Atiku and Tinubu spent the whole of last week panting for balance as they perched on the alien branch of the US judicial system. For whatever reasons, Tinubu has been fighting very hard to fire-proof his university records. He failed the first time; he failed the second time less than 48 hours ago. The court bout continues today over who has or does not have certificates. Tomorrow, it will be over; we will know who is a liar between the two friends; we will know if our president is a man or woman; we will know if Tinubu will be free and Atiku will be silenced forever.
In its handling of this case, the American judiciary has comported and discharged itself with admirable cleanliness. We’ve seen speed; we’ve seen so much openness, decorum, competence and diligence. We’ve seen a strict adherence to rules and facts. In the rulings, there were no abusive words, no bad grammar, no dodgy logic, no invidious, shameful technicality. There was no duplicitous dithering in delivering prompt justice; the sentences were simple, the language was plain, there were no ambiguities on what the court meant and what it said. I would recommend all that ennobling work ethic to what we have here as judiciary. Nigerians who are following the US case are shocked at the consideration for time and respect for timeliness by the two courts that have handled the matter. Nigerian judges and lawyers surely have something to learn from those judges.
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Evergreen English novelist, Charles Dickens, wrote in his ‘Bleak House’ that “it won’t do to have truth and justice; we must have law and lawyers.” I rewrite that to read: it is not enough to have law and lawyers; it is more important to have truth and justice. But you can’t have justice where the process is programmed to surrender to roadblocks and succumb to bottlenecks. The United States District Court for the Northern District of Illinois delivered its ruling two days ago. It gave an order and remembered to give a deadline for compliance with that order. Very quickly and with an air of finality, it stressed that it would “not extend or modify these deadlines” because of the injustice that would attend its doing so. The court even told the party that lost not to bring an application for a stay of its order saying “… any request for a stay before this court will be denied.” The words of Justice Nancy L. Maldonado in making those declarations were clear and direct. The case suffered no wicked adjournments and delays. Is that not how it should be, ordinarily? 17th century English philosopher and jurist, Sir Edward Coke, wrote on the imperative of speedy trial of cases. It is to him we owe the phrase “justice delayed is justice denied.” William Shakespeare in ‘Hamlet’ describes “the law’s delay” as the “whips and scorns of time.” Everyone, including those who do it, knows that delayed remedy is zero remedy. Lord Denning, Master of the Rolls, said something similar: “Delay of justice is a denial of justice…To put right this wrong, we will in this court do all in our power to enforce expedition.” I wish I could find a phrase like that to quote from the Nigerian judiciary. A judicial system that is built on opacity of procedure and deliberately slow administration of justice will ultimately breed its own destruction. How? Victims of delayed justice feel helpless; they see the system as being rigged against them; they feel cheated, frustrated and angry; they develop their own idea of justice without recourse to the courts; they take the law into their own hands.
Chicago State University has been firmly asked to bring to court the bird in its pocket. We wait to see the colour of that bird. While every Nigerian holds their breath on how this Chicago case ends, I suggest they go back and read how the Pompey versus Caesar contest ended. We have the whole of today to do that.
Tomorrow will come and we will see the end of the Atiku-Tinubu mud fight in a foreign land. While we wait and watch the tragedy, shall we ask questions of our country and interrogate why we are where we are? This is particularly important when you know that whatever happens in that Chicago case may not have any positive impact on the life we live. We are on holiday because independent Nigeria was 63 yesterday. But I feel what we marked could not have been a celebration of the country’s’ independence anniversary; it looked more like the funeral of its promise.
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We have become a country of beggars. Almost every call or text message is a desperate request for help. I am almost certain that the economic pain we feel today has never been felt by any generation of Nigerians since the country was created by the British in 1914. Apart from the power people and their friends who spawn excess, everyone else yawns in want. If the country hasn’t collapsed, tell me what has happened to it.
The United States dollar crossed the expressway and exchanged for one thousand naira last week. In simple terms, it means a bullion van of one billion naira now weighs just 100 bales of $100 dollar bills (one million dollars). What is the worth of an increasingly worthless currency?
Exactly one hundred years ago (1923), the photo of a German lady using banknotes to light her stove shocked Germany. Yet, a year earlier, some boys were shown flying a kite made of their country’s useless currency. There was, in another photo, a man using the currency notes as wallpaper because it was cheaper to use than buying “the cheapest rolls of wallpaper.” Before the outbreak of the First World War in 1914, the exchange rate of the German mark to the American dollar was 4.2 to one; same as the British shilling, the French franc and the Italian lira. But Germany lost the war and entered turbulence. By November 1923, the German mark had fallen to 4.2 trillion marks to one US dollar. “A wheelbarrow full of money couldn’t buy a newspaper,” a commentator reminisced, and added: “Shopkeepers couldn’t replenish their stock fast enough to keep up with prices, farmers refused to sell their produce for worthless money, food riots broke out, and townspeople marched into the countryside to loot the farms. Law and order broke down. The German attempt at democracy had been completely undermined.” Is that where Nigeria is going?
What is the future of presidential democracy in Nigeria? I do not know if our politicians are hearing what the people are saying about this question. They say it benefits only politicians and their palaces and that it has wrecked the people. Democracy has failed Nigerians and everyone knows.
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Guinea’s military Head of State, Mamady Doumbouya, addressed the UN General Assembly in New York on Thursday, September 21, 2023. He questioned the credentials of Western democracy and the good it had done for the people of Africa. Did our leaders listen to his concern on the unequal distribution of wealth which he said created endless inequalities, hunger and poverty? “When the wealth of a country is in the hands of an elite while newborns die in hospitals due to lack of incubators, it is not surprising that…we are seeing transitions to respond to the profound aspirations of the people,” he said.
With our country clocking 63 years in pain and turbulence, shouldn’t we decide now that enough is enough? Michelle Obama said during the recent US Open 2023 that “when things lie in the balance, we all have a choice to make. We can either wait around and accept what we’re given. We can sit silently and hope someone else fights our battles. Or we can make our own stand.” Some of us took a stand a long time ago: we won’t be silent or keep quiet. We won’t stop asking Nigerians to accept to be their own physicians. For members of my own generation, how many years have we lived? If things continue as they are, how many more do we have? Bob Marley’s ‘Exodus’ tells you to open your eyes “and look within.” And you look as commanded. And the song asks if you are “satisfied with the life you’re living?” Of course, you have looked “within” and what you see you do not want (even for your enemy) but you think you are forever helpless. It is like everyone desiring heaven but nobody wanting to die. How do we enjoy the bliss of paradise without dying?
At independence, our national anthem came with a promise that “our flag shall be a symbol/ that truth and justice reign.” The generation of Nigerians who sang that song promised “to hand on to our children/ a banner without stain.” We proceeded to ask God of all creation to grant us one particular request: “Help us to build a nation/ where no man is oppressed” so that “with peace and plenty/ Nigeria may be blessed.” We aborted that promise. That abortion was celebrated with pomp in Abuja yesterday by those in power; the poor marked it asking why they had to be hungry when their country was said to be very rich. There is so much wealth around and about us but there is also so much misery and want. Paradox is the only figure of speech that will explain that. Our situation is difficult to explain but it is not very different from an epoch strung together by Charles Dickens in the opening lines of his ‘A Tale of Two Cities’: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way…” We know what the other way of Heaven is. That is where 63-year-old Nigeria is, right now.
News
House To Probe $20bn Shortfall In Oil Firms’ Cleanup Funds
The House of Representatives launched an investigation on Thursday into the compliance level of oil and gas companies with decommissioning and abandonment regulations in Nigeria’s petroleum industry.
This comes against the backdrop of concerns over a staggering $20 billion compliance gap and spikes in environmental, fiscal, and social risks associated with outdated infrastructure.
This followed the presentation of a motion of urgent public importance by the Chairman, House Committee on Political Parties Matters, Mr Zakaria Nyampa, at Thursday’s plenary.
Speaking on the significance of the motion, the Adamawa lawmaker said, “Across oil-producing countries, operators are required to set aside funds during the productive phase of their assets to cover the future costs of dismantling, site remediation, and restoration.
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“This principle is clearly enshrined in Nigeria’s Petroleum Industry Act 2021 and the NUPRC/NMDPRA Decommissioning and Abandonment Regulations of 2022, yet compliance remains alarmingly poor.”
He argued that Sections 232 and 233 of the PIA mandate licensees and lessees to “Establish decommissioning programmes, maintain dedicated escrow accounts, obtain regulatory approvals, and pay penalties for non-compliance.
“Unfortunately, most operators in the upstream, midstream, and downstream sectors are flouting these provisions. In some cases, International Oil Companies have divested from assets in the Niger Delta without adequate D and A funding, effectively transferring future environmental and financial liabilities to the government and host communities.”
In his words, over 90 per cent of operators have failed to meet their mandatory D&A funding obligations, while regulatory agencies, particularly the Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, have not shown the necessary enforcement commitment.
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“We are witnessing a dangerous regulatory gap. The regulators must be held accountable for ensuring that every operator complies fully with decommissioning laws. Otherwise, Nigerians, especially host communities, will bear the brunt of environmental disasters,” he added.
He added that the cost of decommissioning in Nigeria’s oil and gas industry is estimated between $500,000 and $1m per well, and up to $50 million per field, with total liabilities projected at $10bn to $15bn in the upstream sector alone.
“Less than 20 percent of operators have established properly funded escrow accounts. The total amount contributed so far is below $1bn, leaving a massive shortfall and compliance gap of about $15bn to $20bn across the industry,” he expressed.
Nyampa raised the alarm that the midstream and downstream sectors face huge risks, with decaying refineries, depots, gas plants, and pipeline infrastructure constituting potential remediation liabilities of up to $5bn.
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“If urgent action is not taken, Nigeria risks widespread environmental degradation, oil spills, toxic contamination, and safety hazards such as fires, gas leaks, and explosions, particularly in already vulnerable host communities.”
Following the adoption of his motion, the House resolved to set up an ad hoc committee to investigate the level of compliance with decommissioning and abandonment provisions as spelt out in the PIA.
When constituted, the Committee is expected to invite relevant regulatory agencies and oil companies, scrutinise their D and A escrow accounts, and report back to the House within twelve weeks for further legislative action.
News
Tinubu Approves National Honours For 959 Nigerians
President Bola Tinubu on Thursday approved the conferment of 959 national honours and endorsed reforms to strengthen the funding framework for the Nigeria Police Force.
This came as he presided over marathon meetings of the National Council of State and the Police Council at the State House, Abuja.
Addressing State House correspondents after the meetings, the Permanent Secretary of the Cabinet Affairs Office, Dr Emanso Umobong, said the President approved the report of the National Honours Award Committee for 2024 and 2025, as well as special awards that were earlier bestowed by the President from January 2025 to date.
According to Umobong, the current honours committee, reconstituted in August 2021 and chaired by Justice Sidi Bage, screened over 5,000 applications before recommending 824 recipients for the 2024/2025 National Honours and 135 special awardees, totalling 959 honourees.
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“The award of titles of honour and decorations of dignitaries is a yearly event at which the President honours deserving nationals and non-nationals who have distinguished themselves in the service of the nation and humanity,” she said.
Umobong added, “After diligent screening and selection by the committee, a total of 824 successful applicants were recommended for the 2024/2025 National Honours and 135 special awards by the President, bringing it to a total of 959 awardees.”
She noted that President Tinubu, in the spirit of inclusive national recognition, had already honoured several distinguished Nigerians and friends of Nigeria in the past year, including Bill Gates for contributions to public health, Uncle Sam Pemu for journalism, and the Super Falcons and D’Tigress for excellence in sports.
Others include the Ogoni Nine and Ogoni Four, honoured posthumously for environmental activism, and Professor Mahmood Yakubu, the outgoing INEC Chairman, recognised for service to Nigeria’s democratic process.
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The updated list of awardees, Umobong said, would be published soon.
Following the Council of State session, President Tinubu chaired the Nigeria Police Council, where members approved major reforms to the Nigeria Police Trust Fund.
In his first-ever briefing to journalists since assuming office in August 2023, Minister of Police Affairs, Ibrahim Geidam, said the Council ratified proposals to repeal and re-enact the 2019 Police Trust Fund Establishment Act to remove its six-year limit and transform it into a permanent agency.
“The sunset clause of six years in the current Act limits the lifespan of the Nigerian Police Trust Fund and impedes long-term planning, thereby constraining sustainable police reform.
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“We also prayed that the Council approve the repeal and re-enactment of the Nigerian Police Transparency Establishment Act 2025 in order to remove the sunset clause and transition it into an agency,” Geidam said.
He explained that the Council further approved an upward review of the Police Trust Fund’s allocation from 0.5 per cent to 1 per cent of the Federation Account, as well as a directive to the Attorney-General of the Federation to incorporate all resolutions into an executive bill for submission to the National Assembly.
Established in 2019, the NPTF was designed to bridge funding gaps in policing by supporting training, welfare, technology acquisition, and logistics. However, its limited tenure and budget constraints have long hindered sustainable reforms.
“All these prayers have been approved without any omission,” Geidam confirmed, adding, “The Council also directed that the Honourable Attorney-General and Minister of Justice input all the approvals of the Council in the proposed Executive Bill.”
News
Court Admits More Evidence In EFCC’s $4.5bn Case Against Emefiele
The Economic and Financial Crimes Commission has announced that the Lagos State Special Offences Court in Ikeja has admitted additional evidence in the ongoing trial of the former Governor of the Central Bank of Nigeria, Godwin Emefiele, over an alleged $4.5bn fraud.
In a statement released on Thursday, the EFCC said Justice Rahman Oshodi of the Special Offences Court made the ruling during proceedings on October 9, 2025.
“Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on October 9, 2025, admitted more evidence against a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an alleged $4.5bn fraud,” the commission said.
The former CBN governor is facing a 19-count charge filed by the Economic and Financial Crimes Commission, accusing him of soliciting and receiving illegal gratifications.
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His co-defendant, Henry Omoile, faces a separate three-count charge bordering on unlawful acceptance of gifts by agents.
The statement added that the trial judge had adjourned the case till December 2 and 3, 2025, for a mini-trial.
“The case was adjourned till December 2 and 3, 2025, for mini-trial,” the EFCC noted.
Thursday’s ruling marks another step in the ongoing prosecution of Emefiele, who was first arraigned in 2023 following investigations into alleged abuse of office and large-scale financial impropriety during his tenure.
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Emefiele, who was appointed by former President Goodluck Jonathan in 2014 and retained by President Muhammadu Buhari, came under intense scrutiny following controversial monetary policies during his tenure, particularly the 2023 naira redesign and cash withdrawal limits, which sparked widespread public criticism and economic disruption.
He has repeatedly denied any wrongdoing, insisting that all actions taken under his leadership at the apex bank were in line with the law and national interest.
In earlier proceedings, the anti-graft agency tendered several documents and digital evidence, including WhatsApp chat records retrieved from a mobile phone allegedly linked to Emefiele.
The defence team, however, has consistently challenged the admissibility of some of the evidence, arguing that the EFCC did not follow due process in obtaining or certifying them.
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The forensic analysis of one of the devices, reportedly an iPhone, has also been a major point of contention, with both parties disagreeing over the methodology and level of access granted to experts.
The EFCC had previously alleged that part of the funds in question; running into billions of naira and foreign currencies, were traced to bank accounts and assets connected to Emefiele.
In 2024, a Federal High Court in Lagos ordered the interim forfeiture of over $4.7m, ₦830m, and several properties allegedly linked to him, while another court later granted the final forfeiture of assets valued at more than ₦12bn.
Emefiele, who served as CBN governor between 2014 and 2023, has denied all allegations, maintaining that his actions were in line with the law and national interest.
The EFCC first arraigned him in December 2023, after his suspension and arrest by the Department of State Services. He was later re-arraigned on multiple amended charges involving alleged fraud, abuse of office, and unlawful receipt of gratification.
(PUNCH)
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