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‘Obasanjo had N20,000 when he returned from prison, He has no right to accuse people of corruption’ – Afenifere Chieftain spits fire
Afenifere chieftain, Chief Ayo Adebanjo, says former President Olusegun Obasanjo has no moral right to accuse anyone of being corrupt.
Describing Obasanjo as a “whited sepulchre,” Adebanjo said the former President had not disputed that he had only N20,000 in his bank account as of when he returned from the prison in 1999 and that a former Vice-President, Atiku Abubakar, and a businessman, Oyewole Fasawe, saved him from bankruptcy.
Adebanjo said if Nigeria were a decent society, people like Obasanjo would never feature in public life again, saying it continued to amaze him how people continued to give the former President “undue prominence in spite of his known character.”
He said he was sure that “when a real government of the people comes into power, they would take Obasanjo’s Presidential Library Complex in Abeokuta” from the former President.
Adebanjo, who will turn 90 years on April 10, said these in his autobiography, Telling it as it is, which was publicly presented in Lagos on Tuesday.
He attacked the former President, particularly in chapter 13 of the 233-page book, which he titled, ‘Awolowo, Obasanjo and the Yoruba Nation.’
At the event, chaired by a former military Vice-President, Cmdr. Ebitu Ukiwe (retd.), were the national leader of the All Progressives Congress, Bola Tinubu, and former governors of Ogun State, Chief Olusegun Osoba and Otunba Gbenga Daniel.
Also present was a former Commonwealth Secretary General, Chief Emeka Anyaoku, a former Secretary to the Government of the Federation, Chief Olu Falae, a former Minister of State for Defence, Musiliu Obanikoro, a former Minister of Industry, Mrs. Nike Akande, the founder of Latter Rain Assembly, Pastor Tunde Bakare, and Chief Albert Horsfall.
Also present were the Chairman of First Bank Nigeria, Mrs. Ibukun Awosika, industrialist, Chief Rasaq Okoya, Prof. Pat Utomi and Tony Elumelu.
In his book, Adebanjo described Obasanjo’s eight years in government between 1999 and 2007 as a civilian President as a tragedy and calamity, declaring that his scorecard was nothing to write home about.
He wrote, “The man who carried on as if he was all-in-all failed woefully on all counts as President. His eight-year tenure (1999-2007) was a tragedy. His scorecard was nothing to write home about. What did he do in eight years? Before he came, we were buying fuel for N20 per litre, and crude oil was $23 per barrel. In 2007, under his regime, we were buying fuel at N75 per litre, and crude oil was between $65 and $75 per barrel. In the worst days of Abacha, one dollar was over N120.”
Adebanjo, a disciple of the late sage, Chief Obafemi Awolowo, said Obasanjo humiliated Awolowo, when the latter visited him to discuss the interest of the Yoruba after Obasanjo became the military head of state following the assassination of Maj. Gen. Murtala Mohammed on February 13, 1976.
He said, “There are many incidents to show that Obasanjo is anti-Yoruba. He has no interest in, or sympathy for the Yoruba cause, he only has his own interest for everything he does. That is my conclusion, and I have copious evidence to prove it.”
Adebanjo also blamed Obasanjo for the collapse of the Alliance for Democracy by picking the late Bola Ige, a member of the AD, as a minister in 1999 against the wish of the party.
He said, “As far as I am concerned, the moment Bola Ige joined Obasanjo’s government, following his (Bola Ige) loss of AD’s presidential primaries where he polled six votes against Chief Olu Falae’s 17, marked the beginning of the end of the party. In my opinion, these are the scenarios which led to the collapse of the AD.”
In his remarks at the event, Anyaoku described Adebanjo as “one of those who have been responsible in creating the history of our country.”
Anyaoku said like Adebanjo, he witnessed the time when Nigeria operated regional governments and did very well.
He said, “I lived in those years and there has never been any doubt in my mind that our country, Nigeria, was doing extremely well when it had a true federation of four regions, with each region developing at its own pace, with its citizens feeling proud to belong to the bigger Nigerian country.
“We have since, of course, lost that basic structure of governance and when we think about the progress we were making in those days, we think, first and foremost of the Western Region under the leadership of Chief Obafemi Awolowo… Those were days when there was healthy competition in the Eastern Region of Nigeria, Chief Awolowo’s counterpart, Dr. Michael Okpara, was also focusing on the development of his region; the agricultural development in eastern Nigeria was very significant; and in the Northern Region, Sir Ahmadu Bello was also learning from the experience of his colleagues in the Western Region, the Eastern Region and the Mid-West Region.
“Those were days when you could talk about the famous groundnut pyramids in northern Nigeria or talk about the vast plantations of cotton that Nigeria was producing and indeed, you could talk about the very high quality hides and skin, which were being marketed abroad as Moroccan leather because of their superior quality. And the country as a whole was doing reasonably well.”
Anyaoku blamed the military intervention for the woes of the country, arguing that the military should not have altered the constitution.
He said, “I believe that if the military had not intervened in our governance in January 1966 and remained in power for so many years and if they had not disfigured our constitution, I used the word disfigured advisedly, because I do not believe that there is any country in the world that has the diversity that Nigeria has, diversity of peoples who have lived for several centuries in their geographical areas, who have their distinct cultural traditions.
“I don’t believe there is anywhere in the world where such a country with such diversity can live under a unitary government. So, we do need in Nigeria, a true federal structure and this was one of the abiding thoughts that Chief Obafemi Awolowo advocated throughout his life and the legacy that he left.”
Also speaking, Tinubu described Adebanjo as a principled and upright man, saying he owed his election as governor of Lagos State in 1999 to Adebanjo’s insistence on fair play.
Tinubu said he aligned with Adebanjo on the call for restructuring and true federalism.
He said, “I respect him for his principled stand on issues of the country. If you don’t understand him, you might say he is divisive but what is the meaning of restructuring, if not true federalism? If not about freedom and opportunity for each federating units to come up with their blueprints, govern and promote the unity of the country. What is the meaning of restructuring, if it is not about resource management and opportunity for true federalism in any democratic setting? I agree with that and I am with him on that.”
More than ₦3 billion was targeted, but about ₦677 million reached the culprits, with recovery and prosecutions underway, reflecting how banks are responding to more sophisticated fraud risks.
Nigeria’s expanding digital banking sector is facing increasingly sophisticated fraud attempts, as financial institutions adapt to faster transactions and broader online services.
A recent case involving First City Monument Bank (FCMB), linked to fraudulent activity detected in December 2025, has drawn attention to how banks are responding to such incidents, with a focus on limiting exposure, recovering funds and working with law enforcement.
According to findings referenced in proceedings before the Lagos State Special Offences Court, the incident involved unauthorised transactions tied to a digital product. Early reports erroneously suggested more than ₦3 billion was lost. Subsequent clarification shows that over ₦3 billion was targeted, ₦2.4 billion was blocked and recovered, while ₦677 million got into the possession of the culprits. This outcome reflects the bank’s cyber security and monitoring capabilities, as well as improved collaboration among regulated financial institutions and with law enforcement agencies. Several suspects and beneficiaries have been apprehended, while recovery and prosecution efforts are ongoing, led by the Economic and Financial Crimes Commission (EFCC).
Proceedings at the Lagos State Special Offences Court have resulted in convictions, including that of a repeat offender, with restitution orders issued. Related matters are also being handled at the Federal High Court in Lagos, where additional suspects are being tried in connection with the scheme. This process is aimed at ensuring that bad actors are identified and permanently blacklisted from the financial system.
Authorities say recovery efforts are continuing as additional funds are traced.
Analysts note that the pace of legal action reflects closer coordination between financial institutions and enforcement agencies in addressing cyber-related financial crime.
The case comes as banks contend with more complex fraud methods, including social engineering and automated exploitation of system processes.
As digital products and platforms expand, so too does the risk associated with cyber-crime and related fraud.
“The scale of digital banking means risks are evolving alongside the systems,” said a Lagos-based financial analyst. “Institutions are now judged by how they manage these events.”
Observers say the sector is moving toward a stronger focus on response and recovery, rather than prevention alone.
This includes improving monitoring capabilities, strengthening transaction controls and enhancing collaboration with regulators and law enforcement. The FCMB case, with limited exposure relative to the amount targeted and ongoing recovery, reflects that shift.
For customers, the primary concern is the safety of their funds. In this case, there has been no indication of losses affecting customer deposits. Maintaining that level of protection remains central to sustaining trust in the financial system.
Nigeria’s financial sector continues to grow, supported by digital innovation and expanding access to banking services.
However, analysts say fraud attempts are likely to persist as systems become more complex and interconnected.
They say institutions will increasingly be judged not only on their ability to prevent incidents, but on how effectively they respond and recover when they occur.
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Ex-APC Deputy Guber flag bearer, Joshua MacIver backs Tinubu, express fears over implosion in Bayelsa APC
….congratulates new State Party Chairman, Warman Ogoriba
APC Deputy Governorship Candidate in the 2023 general elections in Bayelsa State, Great Joshua MacIver has declared his total commitment to the re-election of President Bola Tinubu come 2027, declaring that the Tinubu re-election project is non-negotiable.
Great Joshua MacIver, in his statement titled ” BAYELSA APC CONGRESSES: GOING FORWARD, A CALL TO LOOK INWARDS” and made available to newsmen in Yenagoa, warned APC leaders in the state to look Inward and take note of certain factors which may hinder or cut short our victory.
According to Great Joshua MacIver, such noticeable pitfalls include the imbalance in the united front being put up by the State Governor,Senator Douye Diri among various political blocs in the state.
In the statement issued at the weekend. Great Joshua MacIver stated that “First, before His Excellency, Senator Douye Diri, joined the APC in the state, there were clearly two political blocs that made up the party, with the approximate population ratios of the blocs standing at 95% to 5%.”
“After the entrance of His Excellency, Senator Douye Diri, ONLY THE SMALLER BLOC IS BEING CARRIED ALONG IN THE AFFAIRS OF THE PARTY, leaving the greater percentage to their fate, and this situation has the potential to build anger and dissatisfaction in our dear party.”
” The consequence of this has been the high level defection we have witnessed in the party recently and we believe more may likely follow, if we do not put our house in order.”
” If we do not pull together as a party, we may witness a situation where we will lose key stakeholders, especially after the State and National Assembly Primaries as well the Gubernatorial Primaries.”
“Finally, while it is very clear that we are the party to beat in the 2027 elections and that our loyalty to Mr. President IS NON-NEGOTIABLE, we must make haste to say that we cannot afford to create situations or loopholes in our unity which will be exploited by other political interests in the state. We cannot afford to under-rate anyone.”
“Our core interest remains the re-election of Mr. President, a project to which we have committed our all. We also pledge our total loyalty to the party as we have no alternative to the APC. However, our concern is that we must, as a party, look inwards and ensure that we do not create loopholes that can impede our common goal.”
Great Joshua MacIver, however congratulated the newly elected State Executives of the APC in Bayelsà State led by Hon. Warman Ogoriba, saying their emergence is welcomed at this critical time in our national history.
At least 23 people were killed in a series of suspected suicide bombings, police in Nigeria’s northeastern city of Maiduguri said on Tuesday.
https://www.stanbicibtcbank.com/nigeriabank/personal/products-and-services/all-loans/stanbic-ibtc-mreif-home-loans
More than 100 other people were injured in the blasts that took place on Monday evening in the capital of Nigeria’s restive Borno state.
No group has claimed responsibility for the suspected attacks.
The deadly blasts come after a military post was attacked overnight Sunday to Monday, which authorities blamed on suspected Islamist militants.
This sad incident is coming barely two weeks after Primate Elijah Ayodele, the Leader of INRI Evangelical Spiritual Church specifically warned against attacks in some states. He mentioned these states while calling on security operatives to pay close attention to them.
These were his words:
“Another attack is coming up in these following states where the military must watch carefully and intelligently; Kano, Kaduna, Zamfara, Kebbi, Niger, Borno, Kwara and Kogi state. They want to do a deadly attack, it’s preventable but it depends on how they will handle it. I have told you about the danger coming up.”
@primateayodele
Unfortunately, some of our military agencies don’t believe spiritual intelligence can save the country from so much danger hence, their neglect of this prophetic warning but now, it has been fulfilled with the miliary losing credibility by the day while Primate Ayodele continues to gain momentum.
Likewise, At least 26 passengers and crew sustained varying degrees of injuries on Monday following an accident involving the Kaduna–Abuja train, according to the Nigerian Railway Corporation (NRC).
Opeifa explained that the train departed Rigasa in Kaduna at 7:15 a.m. and was approaching Asham station around 9:16 a.m. when a loud bang was heard after the power car and trailing locomotive collided with one of the passenger coaches.
In July 2025, Primate Ayodele asked nigerians to pray not to see train mishap on the Kaduna-Abuja route.
@primateayodele #nigeriantiktok🇳🇬 #fulfillment #train #abuja #primateayodele
“Let’s pray not to see train mishap in Abuja-Kaduna, Kaduna-Abuja route.”
This has also been fulfilled.
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