Politics
Atiku Wants PMB Probed Over Allegation ‘Buhari Family Bought Etisalat, Keystone Bank’

The presidential candidate of the Peoples Democratic Party has demanded a probe into the ownership of Etisalat Nigeria and Keystone Bank.
Mr Abubakar, in a statement by a spokesperson, Phrank Shaibu, said the call was necessary “in view of reports that members of President Muhammadu Buhari’s family now own substantial share in Etisalat Nigeria which has an estimated $2 billion (about N727 billion at 360 per dollar) of its estimated $20 billion global net worth.”
Read Mr Shaibu’s full statement sent to PREMIUM TIMES below.
The Presidential Candidate of the People’s Democratic Party (PDP), Atiku Abubakar, has called on the appropriate authorities to urgently institute a probe to unravel the hidden faces behind the new ownership structure of multi-billion naira telecoms giant, Etisalat Nigeria, as well as Keystone Bank.
In a statement issued in Abuja on Wednesday, the Special Assistant to Atiku on Public Communication, Phrank Shaibu, said such a probe was necessary in view of reports that members of President Muhammadu Buhari’s family now own substantial share in Etisalat Nigeria which has an estimated $2 billion (about N727 billion at 360 per dollar) of its estimated $20 billion global net worth.
Atiku also expressed shock at reports from unimpeachable sources that the first family now plays big in the nation’s financial sector after acquiring mouthwatering shares in Keystone Bank with total assets of $1.916 billion (equivalent to N307.5 billion) as well as purchasing about ₦3 billion worth of shares in the new Pakistani Islamic Bank.
“I know that last week was turbulent for President Buhari and I apologise for adding to his woes, but as he is insistent on the myth that he is spotless and anti-corrupt, If this is found to be true, this scandal would break every rule of corporate and public governance, since this will be the first time members of the first family will be openly involved in a once-in-a-lifetime deal that would make them all richer beyond their wildest dreams,” the statement said.
The accusation is coming amidst reported allegations in the media that the All Progressives Congress (APC) led federal government plans to use billions of Naira from the Anchor Borrowers Programme allocated by the Central Bank of Nigeria (CBN) for farmers, using imaginary donations from 12 million farmers as a façade.
But the presidential candidate of the PDP advised President Buhari to shun the use of state resources and machinery for the upcoming 2019 presidential poll.
Specifically, Atiku said no farmer contributed any N1.7billion for Buhari’s re-election campaign, warning that APC’s decision to use monies meant for farmers to run his campaign is not tidy at all.
“The other day, a man who scored 15,424,921 votes to win the 2015 general election was reported to have been nominated by 14 million APC members at the Presidential primaries for 2019. Now, over 12 million farmers have donated to his campaign. Are they indirectly spewing out outrageous figures of people they intend to claim voted for them in the coming elections? Could that be why the President was flashing an occult double four hand signal that has gone viral?What did the hand signal mean? Does it mean that the President has jettisoned the idea of a free and fair election and telling Nigerians that no matter how they vote, he will return for a second term of four years? In any case , if the farmers who just took a loan through the borrowers anchor programme and have not liquidated the facility can donate this huge sum or any sum for that matter, it means the ‘Association of widows and children of all those slain by Boko Haram and herdsmen will donate N5billion to the Buhari campaign. In fact, the 23.1 million youth who lost their jobs between 2016 till date will donate about N12billion to the Buhari campaign.”
“Assuming but not even conceding that such a huge sum of money was donated to President Buhari by Nigerian farmers as his handlers would want Nigerians to believe, wouldn’t such donation be in contravention of Section 91 (9)of the Electoral Act 2010 (as amended) which says no individual or other entity shall donate more than N1m to an aspirant or a candidate,” Atiku said.
Section 91 (2) of the Electoral Act further states that a presidential candidate can spend a maximum of N1billion.
The law also recommends a fine of N1m or a prison term of 12months or both for any candidate that breaches the provisions of the Act.
‘We have no stand on whether or not President Buhari should run for office. That is his prerogative and that of his party. But we believe it is improper for public office holders to forcefully loot public funds, on behalf of a sitting president seeking a second term in office.
‘’What this means is that there is a ‘war chest’ which apparently is from the national coffers,’’ Atiku said.
He said if President Buhari wants to run for office next year, he should take only from monies sourced from donations by his campaign groups that are independent of government.
‘’Anything short of that – as is currently the case with the use of funds from the CBN meant for farmers will mean there will be no level playing field for all the candidates billed to contest for the presidency during next year’s presidential elections,’’ Atiku said.
Politics
AMBO and the Osun Governorship Race: Assessing the Man, the Politics and the Vision
AMBO and the Osun Governorship Race: Assessing the Man, the Politics and the Vision
As political activities gather momentum ahead of the 2026 Osun State governorship election, a public affairs commentator, Oluseyi Olonade, has described the emergence of Asiwaju Munirudeen Bola Oyebamiji, popularly known as AMBO, as a significant development in the state’s political landscape.
In an article titled “Oyebamiji: The Man, The Politics and The Aspiration,” Olonade argued that the All Progressives Congress governorship hopeful possesses the character, experience and vision needed to reposition Osun State for sustainable growth.
According to the writer, Oyebamiji’s appeal stems from his extensive background in the banking sector, where he spent nearly three decades working with institutions including Wema Bank, Trans International Bank, Spring Bank and Enterprise Bank.
A native of Ikire in Irewole Local Government Area, Oyebamiji was described as a technocrat whose experience in corporate governance, finance and risk management has shaped his approach to public administration.
The article noted that his public service journey gained prominence in 2012 when he was appointed to oversee the then Osun State Investment Company Limited. Under his leadership, the organisation was reportedly restructured and transformed into Omoluabi Holdings Limited.
The writer further highlighted Oyebamiji’s tenure as Commissioner for Finance under successive APC administrations, where he was credited with managing the state’s finances during challenging economic periods.
Olonade also referenced Oyebamiji’s appointment as Managing Director of the National Inland Waterways Authority, describing it as further evidence of his administrative and leadership capabilities.
The article contrasted Oyebamiji’s governance philosophy with that of the current administration in Osun State, arguing that the APC aspirant favours institutional reforms, economic diversification and fiscal discipline.
According to the writer, Oyebamiji’s proposed agenda includes strengthening transparency in government spending, expanding internally generated revenue, attracting private-sector investments and promoting industrial and agricultural development.
The article also highlighted youth empowerment, entrepreneurship development and digital skills acquisition as key components of his vision for the state.
Olonade concluded that the forthcoming governorship election would present voters with a choice between different approaches to governance, expressing confidence that Oyebamiji’s experience and developmental agenda make him a strong contender in the race.
Politics
Oselu Tiwa nTiwa Endorses Oriyomi Hamzat for Oyo Governorship
*Oselu Tiwa nTiwa Endorses Oriyomi Hamzat for Oyo Governorship*
A sociopolitical support group in Oyo State, Oselu Tiwa nTiwa, has declared its support for Alhaji Oriyomi Hamzat as the authentic governorship candidate of the Accord Party ahead of the forthcoming governorship election in the state.
The group made its position known in a statement jointly signed by its President, Mr. Adewale Oluwaseyi and Secretary, Alh. Adebayo Oyewole, on Thursday, describing Hamzat as a grassroots figure with strong connection to the people and a track record of humanitarian interventions across Oyo State.
According to the group, the endorsement followed what it described as careful observation of Hamzat’s leadership qualities, compassion and dedication to the welfare of ordinary citizens.
“Oriyomi Hamzat has consistently demonstrated empathy, courage and selfless commitment to humanity. Through his numerous interventions in the lives of ordinary citizens, he has become a symbol of hope to many families and communities,” the statement read.
Oselu Tiwa nTiwa also appealed to the national leadership of the Accord Party to prioritise the long-term future and electoral growth of the party in its decision-making process.
The group noted that Hamzat’s candidacy presents an opportunity for the party to strengthen its grassroots support base and expand its political relevance across Oyo State.
“We respectfully appeal to the National Leadership of the Accord Party to look beyond immediate political calculations and consider the bigger picture, the future growth, stability and electoral success of the party in Oyo State and beyond,” the statement added.
The group further expressed confidence in the leadership of the party, saying it believes the party’s national officers and stakeholders would take decisions that reflect fairness, inclusiveness and the collective interest of members.
While calling on party loyalists to remain calm and united, Oselu Tiwa nTiwa said continued consultations among stakeholders would help strengthen the Accord Party ahead of the election.
Signed:
Alh. Adebayo Oyewole,
Secretary.
Politics
Atiku Set To Clinch ADC Presidential Ticket, Leads Amaechi, Hayatu-Deen In 34 States
Atiku Set To Clinch ADC Presidential Ticket, Leads Amaechi, Hayatu-Deen In 34 States
Former Vice President of Nigeria and frontline presidential aspirant of the African Democratic Congress (ADC), Atiku Abubakar, is projected to emerge winner of the party’s presidential primaries, according to impeccable sources in Abuja.
The primaries, conducted across over 8,000 wards in the 36 states of the federation and the Federal Capital Territory, reportedly placed Atiku far ahead of his closest rivals — former Rivers State Governor, Rotimi Amaechi, and former Chairman of the Nigerian Economic Summit Group, Mohammed Hayatu-Deen.
Highly placed party insiders disclosed that Atiku is currently leading in 34 states, including the FCT, after securing dominance across the 19 Northern states, the five South-East states, and the six South-West states, while also maintaining a strong showing in at least three states in the South-South geopolitical zone.
The sources added that the outcome reflects what they described as “an overwhelming nationwide acceptance” of the former vice president within the opposition party ahead of the 2027 general election.
Meanwhile, the ADC leadership has invited members of the press to the official announcement of the final collated results scheduled for 11:00 a.m. on Tuesday, May 26, 2026, in Abuja.
The declaration of results is expected to be broadcast live on ARISE Television and two other major television stations, while also being livestreamed on the party’s official social media platforms on X and Facebook.
Speaking ahead of the announcement, the founding National Chairman of the ADC, Chief Ralph Nwosu, said the decision to televise the exercise live was aimed at promoting transparency and democratic accountability.
“We want millions of Nigerians at home and in the Diaspora to witness democracy in action,” Nwosu said.
He further revealed that the party leadership would encourage all three presidential aspirants to publicly embrace a peace accord and commit themselves to working together in unity for the party’s success.
According to him, the move is necessary to strengthen internal cohesion and position the ADC for victory in the presidential election scheduled for January 16, 2027.
Details later.
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