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Mr. President, This Is Not a Dilapidated Nigeria: An Open Rebuke of Bola Ahmed Tinubu’s Extravagant Governance
Mr. President, This Is Not a Dilapidated Nigeria: An Open Rebuke of Bola Ahmed Tinubu’s Extravagant Governance.
By George Omagbemi Sylvester | Published by SaharaWeeklyNG.com
When President Bola Ahmed Tinubu declared in 2023 that he inherited a “dilapidated Nigeria” from his predecessor, Muhammadu Buhari, many Nigerians expected an urgent shift toward austerity, fiscal discipline, and a governance style that reflects the dire economic realities facing the nation; but what we have seen under Tinubu’s government is not the leadership of a man burdened with fixing a broken country. Instead, it is the portrait of extravagant ruling elites drowning the nation in reckless spending while millions of citizens are crushed under inflation, joblessness, insecurity, and despair.
It is for this reason that Emir of Kano and former CBN Governor Mohammed Sanusi II bluntly told Tinubu: “You do not claim to have inherited a dilapidated economy and then proceed to spend like a drunken sailor.” His words sting with truth and today, Nigerians demand a response beyond media propaganda and deflection.
Extravagant Spending Amid National Hardship
How can President Tinubu justify allocating ₦21 billion to renovate the Vice President’s residence in Abuja and an international conference center built for ₦240 million in 1991 renovated for ₦39 billion, when public universities are struggling to buy basic laboratory equipment and students sleep on floors? If the country is truly dilapidated, why should National Assembly members be gifted ₦70 billion worth of SUVs at ₦160 million each, in the same year citizens are taxed to death for basic services?
Even more appalling is the ₦5 billion budgeted for vehicles for the office of the First Lady, Senator Oluremi Tinubu (an office that does not exist in the Nigerian Constitution). Is this not fraud with a fancy name?
Then comes the presidential fleet, which received an allocation of ₦5 billion in 2024, while another ₦5 billion was budgeted for a luxury presidential yacht. Let that sink in: a yacht in a nation where nearly 133 million Nigerians live in multidimensional poverty (according to the National Bureau of Statistics, 2022).
Corruption and Nepotism Masked as Governance
How can we take Tinubu’s reform agenda seriously when he awarded a ₦15 trillion Lagos-Calabar Coastal Highway project to Gilbert Chagoury, a Lebanese-Nigerian billionaire and close ally of the President? Let us remember: Chagoury was once deported under former President Obasanjo for economic sabotage. Today, he’s back in favor; not by merit, but by political convenience.
What about the ₦5 billion allocated to the Presidential Tax Reform Committee headed by Taiwo Oyedele? To date, Nigerians have seen no report, no reform outcomes, just photo-ops, and hollow press statements.
And if things are so bad, why appoint the largest cabinet in Nigerian history (48 ministers) when the Oronsaye Report has already recommended the downsizing and merging overlapping ministries and agencies? What happened to that cost-saving reform?
The Subsidy Scam
Tinubu told Nigerians that he removed fuel subsidies to free up funds for development, but where is the money? How much has been saved and how has it been spent? Till now, there’s no transparent accounting.
On the contrary, after removing the subsidy, pump prices skyrocketed from ₦185/liter to over ₦900/liter in many states. Electricity tariffs followed suit. While Nigerians were told to “tighten their belts,” the government loosened theirs with gold-plated policies and unchecked looting.
Governance Without Empathy
Under Tinubu’s watch, education has become a privilege, not a right. Public university lecturers are owed a backlog of salaries from previous ASUU strikes. Students are being priced out of classrooms by inflated fees. And health? Only the wealthy can afford decent hospitals, while public health institutions resemble war zones.
Food prices have doubled. A 50kg bag of rice now costs over ₦75,000. Tomatoes, which used to be ₦300 per basket, now go for ₦10,000 in some markets. Yet, the President and his vice continue globe-trotting at taxpayers’ expense.
According to BudgIT’s 2024 report, the Tinubu government allocated ₦90 billion for Hajj pilgrimage. Is Nigeria now a theocracy? Should religion be more important than education, health, infrastructure, and human capital?
Meanwhile, each Senator reportedly earns ₦21 million monthly, and House of Reps members pocket ₦13.5 million. These increments were passed under Tinubu’s administration without a whisper of concern for the 133 million poor Nigerians.
The Deceptive “Renewed Hope”
Tinubu’s campaign slogan, “Renewed Hope,” has fast become “Renewed Hopelessness.” Nigerians have seen no signs of a turnaround. Instead, what they see is a system where:
Nepotism thrives: critical appointments are handed to cronies, not technocrats.
Security remains elusive: from Zamfara to Plateau, Benue to Borno, killings are rampant.
Inflation is unchecked: currently at 33.69% (May 2025), according to the NBS.
The naira is weak: trading at over ₦1,500/$1 in the parallel market.
Unemployment continues to soar: youth unemployment stands at 53.4%, the highest in West Africa.
IF THESE AREN’T SIGNS OF FAILURE, WHAT ARE?
Words from the Wise
The late Chinua Achebe once warned, “THE TROUBLE with NIGERIA is SIMPLY and SQUARELY a FAILURE of LEADERSHIP. ” That rings louder now than ever. Nobel Laureate Wole Soyinka described our leadership as a “CRIMINAL ENTERPRISE MASQUERADING as GOVERNANCE.”
Even elder statesman Chief Edwin Clark recently declared: “This GOVERNMENT is not BEING SINCERE with NIGERIANS. You don’t REMOVE SUBSIDY and then begin to LIVE a LIFESTYLE of KINGS and EMPERORS.”
In the words of Prof. Pat Utomi: “LEADERSHIP is not about ACQUIRING luxury cars and private jets. It’s about making LIVES BETTER for the AVERAGE CITIZEN.”
Yet, what we see under President Tinubu is the institutionalization of greed. Leaders are getting richer, while citizens can barely survive.
Final Word
Mr. President, the claim that you inherited a “dilapidated economy” is not enough. What matters is what you’ve done with the economy since May 29, 2023. Sadly, the answer is clear: the cost of governance has exploded, the suffering of the people has intensified and trust in public institutions has eroded further.
We demand answers:
Where are the subsidy savings?
Why the jumbo budget for luxuries?
Why ignore the Oronsaye Report?
Why increase electricity tariffs without improved service?y
Why are critical sectors neglected while SUVs are bought in bulk?
Nigerians are watching. The world is watching. This trend must be arrested; urgently. It is time for accountability, not propaganda. If this administration is truly committed to rescuing Nigeria, then start acting like you inherited a failing state and not a treasure chest for elite consumption.
Enough of deception. Enough of waste.
Written by George Omagbemi Sylvester Published by SaharaWeeklyNG.com
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Ogun Central 2027: The Competence Question and APC’s Senatorial Choice
LAs the 2027 elections draw closer in Ogun State, discussions about who should represent Ogun Central in the Senate are gradually gaining momentum. Across Abeokuta South, Abeokuta North, Odeda, Obafemi-Owode, Ifo, and Ewekoro, the mood among the people appears largely the same. The people have made their preference clear. Not in anger or protest but in the quiet and wilful way that voters do when they still believe you can do better. The unifying thing in the people’s agitation is the call for credible, competent, and accessible representation.
This is not a new demand from the people of the district. The demand for a paradigm shift has been growing in recent times. Residents across the district are showing a preference for leaders who can demonstrate measurable capacity in healthcare, infrastructure, education, youth empowerment and constituency development. The calls for palpable development, responsive engagement, and effective legislative outcomes have become too obvious to dismiss.
We can all recall that in the last elections in 2023, the All Progressives Congress rallied behind Senator Shuaibu Salisu with considerable optimism. Party leaders and stakeholders presented his candidacy to the people as the strongest path to meaningful progress for the district. That mandate carried real expectations, and it is fair to say that, in several communities, those expectations have not been fully met.
Concerns have been raised across town hall meetings, community forums, and on social media about the speed of infrastructural projects, the reach of scholarship and empowerment programmes, and the overall visibility of senatorial intervention in major sectors. Whether one attributes these gaps to constraints of the Senate’s systems or individual legislative capacity, the perception of underdelivery is widespread enough to warrant serious attention from party leaders.
For now, this dissatisfaction has not translated into rejection of the APC. Instead, it has taken the form of an expectation to do better next time. Voters in Ogun Central are not asking for a fundamental change in the party structure or traditions. They are asking for the incorporation of wider grassroots inputs and candidates’ worthiness in the process.
This presents both a challenge and an opportunity. The challenge is that the culture of selecting candidates through elite consensus without genuine grassroots consultation is a risk that may worsen the growing disconnect between elected representatives and the communities they serve. Political observers across the nation have questioned this practice repeatedly, and Ogun Central may be feeling its effects most.
The opportunity lies in what the APC does with this feedback. The party’s senatorial selection is not a formality to be managed. It places a decisive moment for public trust at the feet of the party leaders. It is also an opportunity to reposition the district for future outcomes. That means looking beyond the financially powerful or politically connected aspirants and instead evaluating candidates on measurable criteria like competence, work experience, community engagement, and constituency presence.
There is also a broader shift worth noting. The era in which financial muscle alone could determine electoral outcomes is visibly passing. Many voters across southwestern Nigeria, especially our people, are increasingly attentive to antecedents, accountability, and impact. They want representatives who can speak with authority in the Red Chamber, secure federal projects, and translate legislative work into visible improvement in their daily lives.
None of these is to suggest that Senator Salisu’s tenure should be written off. A single term in the Senate, particularly within Nigeria’s complex federal system, does not allow for a complete verdict. But it is sufficient for the electorate to form impressions, and those impressions should shape how the APC approaches 2027.
The path forward does not require the party to bring down the house. It only requires discipline. The leaders of Ogun Central APC would do well to begin inclusive consultations with stakeholders, community leaders, youth groups, women’s organisations, and ordinary party members so that the candidate who eventually emerges carries not just the party’s endorsement but also the people’s confidence.
The 2027 senatorial election will be more than a contest. It will be a test of whether the APC in Ogun State can translate its dominance at the polls into dominance in governance. The people of Ogun Central are watching, and their expectations are high. The party’s consideration or dismissal of the concerns raised above will influence public confidence in Ogun State.
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Alleged $1.5m Fraud: Court Dismisses Preliminary Objections, Bail Application of Intermediate Investment Holdings Boss, Ufoma Joseph Immanuel in Lagos
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Thursday, May 7, 2026, dismissed the preliminary objections and bail application filed by the boss of Intermediate Investment Holdings Limited, Ufoma Joseph Immanuel, over an alleged $1.5 million fraud.
The Economic and Financial Crimes Commission, EFCC, on Wednesday, March 11, 2026, arraigned Immanuel, alongside his company, Intermediate Investment Holdings Ltd., on a two-count charge bordering on obtaining by false pretence and forgery to the tune of $1.5m.
Count one reads: “UFOMA JOSEPH IMMANUEL and INTERMEDIATE INVESTMENT HOLDINGS LIMITED between April 2022 and October 2023 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, induced Adebisi Adebut of R28 Holdings Limited to deposit the total sum of S1, 500, 000.00 (One Million, five Hundred Thousand United States Dollars USD) as investment described as to wit: “Cash and or Capital Cost in Chappal Petroleum Development Company Limited; Business Development Cost in Intermediate Investment Holdings Limited: Capital and or Capital Call in Chappal Energies Mauritius Limited” on the understanding that R28 Holdings Limited will be; (a) reimbursed the investment amount (b) paid a Development Capital fee of $2 250,000.00. (Two Million, Two Hundred and Fifty Thousand Dollars) (c) 22.4% worth of shares in Intermediate Investment Holdings Limited which representation you knew to be false.”
Count two reads: “UFOMA JOSEPH IMMANUEL, sometime between April 2022 and April 2025 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, forged a document to wit: TERM SHEET and purporting same to have been executed by Sherrif Oluwo and Olaniran Osotuyi in order to facilitate your obtaining money by inducement from Adebisi Adebutu of R28 Holdings Limited.”
The defendant pleaded “not guilty” to the charge preferred against him.
Following the defendant’s “not guilty” plea, the prosecution counsel, Babatunde Sonoiki, asked the court to fix a date for the commencement of trial and also prayed the court to remand the defendant in the custody of the International Criminal Police Organization, INTERPOL, pending the conclusion of its investigation.
Sonoiki also narrated how the defence counsel, Oluseun Awonuga, SAN, had physically assaulted his colleague, Emenike Mgbemele, at the sitting on March 2, 2026.
According to him, “My lord, the learned silk, physically assaulted my colleague on the staircase on his way to serve the defendant the charge as directed by the court.
“There is a video to that effect and we intend to tender it before the court.”
Though Awonuga did not respond to the allegation made against him by the prosecution counsel, he informed the court of a preliminary objection and a written address dated January 5, 2026, while urging the court to discountenance the counter-affidavit of the prosecution.
The prosecution, in a 21-paragraph counter-affidavit dated February 9, 2026, had urged the court to dismiss the notice of preliminary objections.
According to Awonuga, the Federal High Court, in a ruling, had ordered the EFCC not to arrest the defendant.
“EFCC has flouted the order by arresting the defendant and I hereby urge your lordship to discountenance their counter- affidavit,” he said.
Responding, the prosecution counsel, Babatunde Sonoiki, said that the ruling was part of the motion that had earlier been withdrawn by the defence and should not be before the court.
“ There is nowhere in the ruling that says the defendants cannot be arraigned in a court of competent jurisdiction.
“My lord, the ruling was delivered in a civil case; and according to the Supreme Court, a criminal case and civil case can go on at the same time.
“We urge the court to dismiss the application and order accelerated hearing in this case,” Sonoiki had said.
After listening to both parties, Justice Dada had, consequently, adjourned the case till May 7, 2026 ( today) for ruling.
Ruling on the application , Justice Dada held that: “The preliminary objection is baseless and the entire application is lacking in merit; and it is hereby dismissed.”
Also, Justice Dada, in her ruling on the bail application of the defendant, held that “On the basis of considering the antecedent of the defendant for not honouring the invitation of the applicant after he was granted administrative bail, I agree with the complainant that he is a flight risk; therefore, bail is refused.”
Justice Dada adjourned the case till June 24, 26, 29 and 30, 2026 for the commencement of trial.
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Ogun Central APC Race: ‘I Remain in the Contest’ — Sofela Declares Amid Consensus Speculation
By Solanke Ayomideji Taiwo
ABEOKUTA — A frontline aspirant for the Ogun Central Senatorial seat under the platform of the All Progressives Congress (APC), Emmanuel Adebola Sofela, popularly known as Shoffi, has dismissed widespread speculations that he has withdrawn from the race in favour of another aspirant .
Sofela described the reports making rounds in some political circles as “false, misleading and the handiwork of political detractors,” insisting that he remains fully committed to his ambition of representing Ogun Central Senatorial District at the National Assembly.
In a statement made available to journalists on Friday, the APC stalwart urged his supporters, political associates and loyalists across the six local government areas that make up Ogun Central to disregard the rumours and remain resolute in their support for his aspiration.
According to him, there has never been any agreement or arrangement for him to step down for any aspirant to emerge as a consensus candidate of the party.
“I want to categorically state that I have not stepped down for anyone in the Ogun Central Senatorial race. The rumours flying around are entirely false and should be ignored by all my supporters and members of the public,” he said.
Sofela expressed confidence in his chances of securing the APC ticket, stressing that his popularity, political experience and grassroots connection across the district place him in a strong position ahead of the party primaries.
The senatorial hopeful reiterated his determination to provide quality representation for the people of Abeokuta South, Abeokuta North, Odeda, Obafemi-Owode, Ifo and Ewekoro local government areas if elected into the Senate in 2027.
He noted that his aspiration is driven by a genuine desire to contribute meaningfully to the development of Ogun Central through effective legislation, empowerment programmes and people-oriented policies.
“My ambition is rooted in service to the people. I remain committed to the vision of giving Ogun Central a strong voice in the Senate and facilitating developmental initiatives that will positively impact our people,” Sofela added.
The APC chieftain further appealed to party members to remain united and avoid distractions capable of causing division within the party structure ahead of future political activities.
Political observers in the state believe the race for Ogun Central Senatorial seat is gradually gathering momentum as aspirants continue consultations and grassroots mobilization across the district ahead of the 2027 election cycle.
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