मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

9,500 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ

$149.99
 
$74.99/वर्ष

कोशिश गोल्ड - मुक्त

Defections, Denials, and EFCC: Politics on Trial

The Business NG

|

The BusinessNG

In Nigeria's politically charged atmosphere, where shifting allegiances can make or break power blocs, every defection is a headline—and every meeting, a potential conspiracy.

- BY NIYI JACOBS

Defections, Denials, and EFCC: Politics on Trial

This reality came to the fore once again following allegations by Paul Ibe, the longtime media aide to former Vice President Atiku Abubakar, who accused Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), of holding a secret meeting with two governors just before their dramatic defection to the ruling All Progressives Congress (APC).

The allegation, made during an interview on Channels Television, was explosive, even by Nigeria's standards. Ibe didn't provide names but claimed the meeting took place at a government lodge in a South-South state. He said both the incumbent governor and his predecessor were present, as well as the Solicitor-General of the Federation.

These claims, arriving at a moment when the APC is witnessing an influx of opposition figures, touched a raw nerve. They were quickly and sternly denied—not just by the EFCC but also by the Office of the Attorney-General of the Federation.

But beyond the denials and outrage lies a bigger story: the slow erosion of public trust in democratic institutions, the weaponization of anti-corruption agencies, and a gathering political storm ahead of 2027.

Paul Ibe's accusation, though lacking specifics, sent ripples through the political class. He alleged that 48 hours before two governors switched political allegiance from the Peoples Democratic Party (PDP) to the APC, they met secretly with the EFCC chairman and the Solicitor-General.

His comments were made in the context of growing concern that Nigeria is edging dangerously close to becoming a one-party state. Several high-profile defections, particularly from the PDP to the APC, have raised suspicions about the motivations behind such moves.

The Business NG से और कहानियाँ

The Business NG

Tax Reform: How Nigerians' Income May Be Affected in Jan. 2026

Nigerians will soon face a new tax system starting January 1, 2026, aimed at making taxes fairer while encouraging investments and savings.

time to read

1 min

The BusinessNG

The Business NG

'CBN May Cut MPR as Inflation Eases, Naira Stabilizes'

The Central Bank of Nigeria (CBN) is expected to trim its benchmark Monetary Policy Rate (MPR) by 25 to 50 basis points at its 302nd Monetary Policy Committee (MPC) meeting scheduled for September 22-23, 2025, as inflation eases and the naira stabilizes.

time to read

1 min

The BusinessNG

The Business NG

FG Unveils Key Education Reforms Under Tinubu Administration

The presidency has outlined a series of reforms aimed at revitalizing Nigeria's education sector under President Bola Ahmed Tinubu’s administration.

time to read

1 min

The BusinessNG

The Business NG

Calls for State Police Intensify as Reps Seek to Boost Nigeria's Security

The demand for state police in Nigeria has intensified, with the Deputy Speaker of the House of Representatives, Benjamin Kalu, describing it as a critical solution to the country's escalating insecurity challenges.

time to read

1 min

The BusinessNG

The Business NG

Nigerian Stocks Outpace Inflation with 38% Gain

Nigeria's stock market has continued its impressive rally in 2025, delivering real positive returns for investors as inflation eases.

time to read

1 min

The BusinessNG

The Business NG

Banks Push Back as AMCON Levy Hits N847bn

Calls Grow to Scrap AMCON After 15 Years

time to read

1 min

The BusinessNG

The Business NG

Nigerians Dismiss FG's N330bn Cash Transfer Claim

The Federal Government's claim that it disbursed 330 billion in cash transfers to poor and vulnerable households has sparked widespread disbelief, with many Nigerians dismissing the announcement as fraudulent and lacking transparency.

time to read

1 min

The BusinessNG

The Business NG

Pension Savings for Informal Workers Surge to N1.46bn

Nigeria's informal workers are increasingly securing their financial future, with retirement savings under the Personal Pension Plan (PPP) climbing by 765 percent in just four years, according to the Pension Fund Operators Association of Nigeria (PenOp).

time to read

1 min

The BusinessNG

The Business NG

Ibas Bows Out, Says Peace Is Rivers' Gain

Retired Vice Admiral Ibok-Ete Ibas, who served as Sole Administrator of Rivers State for six months, says his administration succeeded in restoring peace and stability in the state despite operating under extraordinary conditions.

time to read

1 min

The BusinessNG

The Business NG

Banks Must Approve MDs Six Months Ahead – CBN Orders

The Central Bank of Nigeria (CBN) has directed Domestic Systemically Important Banks (DSIBs) to secure regulatory approval for their Managing Director/Chief Executive Officer (MD/CEO) successors at least six months before the incumbent’s tenure ends, as part of efforts to strengthen corporate governance and ensure stability in the financial system.

time to read

1 min

The BusinessNG

Listen

Translate

Share

-
+

Change font size