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SDP Blasts FG on N158trillion loan borrowing …..demands accountability in application

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By George Mgbeleke

Disturbed by the borrowing quest of President Bola Ahmed Tinubu led administration, the Social Democratic Party, (SDP) has criticized the Federal government over the acquisition of 158 trillion, describing it as unhealthy for the country’s economy.

The party raised concern over the Federal government continued pattern in securing several loans with no concrete infrastructural development to show for it.

The party made this declaration on Thursday at a press conference in Abuja by the party’s acting National Chairman, Alhaji Umar Gombe, calling for transparency in the administration of all loans and recovered looted funds.

He said “So we ask: What is this government doing with all the money it has received?
From an economic standpoint, the borrowing pattern of this administration is alarming. The Buhari administration reportedly accumulated ₦83 trillion in borrowing over eight years. Yet in just three years, the current administration has borrowed ₦158 trillion, with no clear evidence of development to justify it.”

The asked some probing questions demanding to know, “Why is it difficult to fund our security architecture?

Why are our hospitals in such poor shape that even for basic ailments, leaders run abroad?
Why do those accused of corruption seek permission to travel overseas for medical treatment?

“These questions have become necessary after 11 combined years of APC governance. The truth is simple: This administration lacks the capacity to deliver sustainable economic transformation. Nigeria’s debt profile is rising recklessly without any commensurate infrastructure to show for it.

“We in the SDP fear that the huge loans recently approved by the National Assembly may be deployed for political purposes ahead of the 2027 elections. We hope to be proven wrong, but governance has already taken the back seat, and Nigeria is now in full campaign mode. Everything revolves around 2027.”

The party sounded a warning,”Let it be clear:

“The SDP therefore calls for transparency in the administration of all loans and recovered looted funds. There is genuine fear that these funds have been re-looted. Government must publish details of recoveries, how much was retrieved, where the funds are kept, and what projects they have been used for.

“The big questions remain:
Where are the trillions borrowed?
Where are the billions recovered?
Where are the projects?
How has the welfare of Nigerians improved?
These are not political questions. These are questions of national survival”

Gombe noted that the party has opened it’s doors to Nigerians to participate in the next general election, adding that more prominent politicians are joining the party ahead of the 2027 election.

“As we move towards 2027, we are even stronger. Credible leaders across the federation are joining the SDP as their vehicle for national transformation.

The SDP is fully prepared for the 2027 elections. Our nationwide registration drive has brought massive numbers into the party. Whatever comes—whether from INEC or any system—the SDP is ready. We are resolute, organized, and determined to provide a credible alternative”

He denied claims that the party is aligning with the ruling All Progressive Congress, APC , as it has always criticized the policies of the ruling party.

Politics

APC withdraws petition challenging Gov.Adeleke’s Victory

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Gov Ademola Adeleke of Osun state

By Our Correspondent

In dramatic twice the All Progressives Congress (APC) has filed an application seeking to withdraw the petition challenging the victory of Governor Ademola Adeleke.

The withdrawal came amid conflicting positions within the party’s legal team over whether the
APC had authorised the petition challenging the outcome of the August 15 governorship election.

Daily Champion reports that the APC, and the Peoples Democratic Party, PDP, challenged the outcome of the August 15, 2026, Osun Gubernatorial elections.

The APC’s petition, marked EPT/OS/GOV/01/2026, which was filed by its governorship candidate, Bola Oyebamiji, listed Adeleke, the Accord, and the Independent National Electoral Commission, INEC, as respondents in the petition challenging the election outcome.

Meanwhile, a Notice of Motion to Withdraw Petition dated September 8, 2026, filed by a counsel for APC, Barrister Oluseyi Oyagbile, before the Osun State Governorship Election Petition Tribunal, indicated the petitioners’ decision to discontinue the case.

The document seeks an order of the tribunal permitting the petitioners to withdraw the election petition.

However, an APC legal team led by Abiodun Layonu, SAN, had earlier disowned the petition, insisting that the party and its candidate had decided not to challenge Adeleke’s victory at the tribunal.

Also, the APC campaign council distanced itself from reports claiming that its governorship candidate, Oyebamiji (AMBO), filed a petition challenging the outcome of the August 15, 2026 governorship election at the Election Petition Tribunal.

A statement made available by the campaign spokesperson, said, “We state categorically that neither the All Progressives Congress ( APC) nor its governorship candidate, Asiwaju Munirudeen Bola Oyebamiji (AMBO) filed any petition at the tribunal challenging the outcome of the August 15 governorship election.

“The purported claim is therefore completely untrue and should be regarded as nothing more than a rumour being circulated by individuals seeking to mislead members of the public and create unnecessary tension.

“We urge members of the public, supporters of our great party and the media to discountenance the claim and refrain from giving credibility to unverified information designed to cause confusion.

“The APC and Asiwaju Munirudeen Bola Oyebamiji remain committed to lawful and democratic processes and will continue to act responsibly in the interest of peace, stability and the good people of Osun State.

“We urge the public to rely only on official statements from the APC and the Campaign Council on matters concerning the party, its candidate and the outcome of the August 15 governorship election.”

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APC chieftain demands probe, prosecution of Atiku over $40M, SIEMENS, SPV allegations

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By Our Correspondent

A chieftain of the All Progressives Congress (APC), Ntufam Hilliard Eta, has called on the nation’s anti-corruption agencies to fully investigate allegations and petitions against former Vice-President Atiku Abubakar and prosecute him if evidence establishes any criminal offence.
Addressing journalists in Abuja on Tuesday at the APC National Secretariat, Eta said the call was driven by the principle of accountability, not political considerations.
He stressed that public office must never become a shield against scrutiny and that political ambition should not stop institutions from acting on credible allegations.
The APC chieftain said he was not asking for a conviction in the court of public opinion, but that the evidence be subjected to the process of court of law. “That distinction is fundamental,” he stated.
Eta referenced a petition reportedly received by the EFCC on September 1, 2026, calling for the reopening of financial-crime allegations against Atiku dating back to investigations conducted around 2005-2006.
He also cited renewed discussions around a 2010 United States Senate report on suspicious financial transactions.
Eta noted that while the report was not a criminal conviction, the allegations contained in it were serious enough to warrant examination by Nigerian authorities.
According to him, the first set of allegations concern the movement of more than US$40 million in suspect funds into the United States between 2000 and 2008 through offshore corporations linked to Jennifer Douglas, Atiku’s wife. The Senate report said about US$25 million was transferred into U.S. accounts opened by Douglas.
The second allegation concerns payments connected to Siemens AG. Eta said the Senate report stated that Douglas received at least US$1.7 million in alleged bribe payments, while an SEC civil complaint alleged US$2.8 million in bribe payments from Siemens.
He stressed that these were allegations contained in historical records, not convictions.
Third, Eta mentioned questions over approximately US$14 million transferred by offshore corporations to American University for consulting services related to the university’s establishment in Nigeria, as examined in the Senate report.
He also listed allegations of the use of Special Purpose Vehicles, SPVs, to divert public funds during Atiku’s tenure as Vice-President from 1999 to 2007. These resurfaced in 2023 following claims by Michael Achimugu and a petition by Festus Keyamo to the EFCC, ICPC and CCB.
Other allegations, he said, border on money laundering, criminal breach of trust, criminal misappropriation, conspiracy and possible violations of the Code of Conduct, as well as questions concerning accounts associated with Marine Float and other companies.
Eta argued that allowing allegations of this magnitude to become mere political ammunition during an election season is dangerous and he said the same standard of accountability must apply to government and opposition figures alike.
He therefore called on the EFCC and other competent authorities to examine every credible petition, obtain relevant records, invite appropriate persons and “follow the money” without fear or favour.
“A serious democracy asks: Was a crime committed? Is there admissible evidence? If yes, prosecution should follow. If no, the matter should be closed,” Eta said, adding, “No sacred cows. No political immunity. No selective justice. Just evidence, due process and the law.”

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Nigerian Politics Becoming Less Violent, Says Gov Diri As CBM Holds Bayelsa Retreat

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By David Owei

Governor of Bayelsa State, Senator Douye Diri, has observed that the political arena in Nigeria was shifting from violence and intimidation to knowledge-based politics.

Speaking during the State Working Committee Retreat of the City Boy Movement (CBM) in Yenagoa, Governor Diri lauded the socio-political group for leading the paradigm shift, insisting that politics should never be about violence.

He noted that while the CBM had been vocal about the re-election of President Bola Tinubu in next year’s election, he urged its members to work with the structures of the All Progressives Congress (APC) in the state and at the national level.

The Bayelsa governor described the movement as strategic and advised it to go beyond social media advocacy to grassroots mobilisation.

Explaining why he pitched tents with the APC, Diri recalled how President Tinubu supported the state’s development by approving the construction of the second phase of the Nembe-Brass road and that he also granted waivers for the state’s imported gas turbines, stressing that the President deserved the support of the people of Bayelsa.

He also restated his position on a restructured Nigeria, saying democracy thrives only when there was justice and fairness, and that given his antecedence, Tinubu was the right man to restructure Nigeria.

His words: “The use of guns and intimidation is giving way to knowledge-based electoral process and I commend the City Boy Movement for this. We are not animals and we do not need to be flogged before we move. I am happy that gradually our politics is changing for the better.

“All of the various support groups must know that the party structure is the number one structure and I am happy that the City Boy Movement is working with the party.

“In this state, APC is a no-go area. Our chances of winning the 2027 election is very high.

“This is one good thing I have seen that a youth group coming together to strategise for an election. We all want our President to come back but it wild not happen by chance. We all have to play our roles not just on social media but at the grassroots. It is our duty to go from door to door.

“President Tinubu has supported the development of Bayelsa State and deserves the support of the people. He responded swiftly to the request for the second phase of the Nembe-Brass road and also gave us waivers for the gas turbines.

“I am an advocate of restructuring and President Tinubu is doing things that people had not succeeded in doing such as state policing. For us in Bayelsa, we want to control our resources and pay tax to the centre and I believe that if we must acheive that, this President is one we must follow. We have seen a President who is stable and capable. Let us allow him to complete his second term.”

In his remarks, Bayelsa State APC chairman, Hon. Warman Ogoriba, thanked Governor Diri for his support to the party, saying the APC decided to be strategic rather than joining issues with people or other parties.

Ogoriba said the APC parades the best candidates and that the party will mobilise to ensure victory for them in the 2027 elections.

In a welcome address, Bayelsa State Director of the City Boy Movement, High Chief Osomkime Blankson, said the retreat was to strategise for the re-election of President Tinubu as he deserved a second term by reason of his performance and achievements.

He expressed appreciation to the governor for his supportive leadership and commitment to peace and development of the state.

Also, the Director-General of the City Boy Movement, Mr. Francis Shoga, described Tinubu as a courageous leader who has taken painful but beneficial decisions and that the movement would take the achievements of his administration to the grassroots.

He thanked the people of Bayelsa for their support, expressing optimism that the state would contribute significantly to the potential 10 million youth votes of the movement for Tinubu.

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