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High-Profile Persons Funding Igboho, Kanu, Says Buhari
President Muhammadu Buhari, has said ongoing investigations have revealed high-profile sponsors are behind the secessionist activities of Nnamdi Kanu and Sunday Igboho.
Buhari disclosed this in his nationwide broadcast aired on television and radio networks to Nigerians to mark the nation’s 61st independence on Friday.
According to him, one of those found to be financing the agitators is a federal lawmakers.
He said his regime was vigorously pursuing the financiers whom he refused to name.
The President said those sponsoring violence and making hate speeches to instigate disorder would be arrested and prosecuted.
Besides insecurity, the President spoke on the economy, food security poverty eradication and education.
Nigeria marks 61 years today as an independent nation.
Restating that Nigeria’s “unity is not negotiable, he announced that while efforts were ongoing to prevent further misuse of social media, the suspension of Twitter operations in Nigeria had been lifted. It is however subjected to some conditions.
He also said “Nigeria Roadmap on Local Refinery” was on track with the inauguration of a modular refinery in Imo State.
The President added that a second modular refinery will come on board in December in Edo State and a third in Bayelsa State in 2022.
He said further that the revelations were made possible by the arrest of two separatist figures; leader of the Indigenous People of Biafra (IPOB) Kanu, and the arrowhead of the Yoruba Nation Agitation Movement, Sunday Adeyemo, also known as Sunday Igboho.
The President, who said the federal government believes that every grievance by any section of the country could be resolved through dialogue, however warned that any person or group found in the act of inciting violence would be arrested and prosecuted.
According to him, those who had caused serious chaos and violence did so through words, using lies, targeted hate speeches to propel violence, which had led to the death of many citizens and destruction of property. He called on all Nigerians to reject the lure by those he described as ‘evil people’ from plunging the country into further crisis.
Citing section 14(2)(b) of the 1999 Constitution (as amended), the President said the security and welfare of Nigerians remained the prime focus of his administration.
“Our resolve for a peaceful, united and one Nigeria remains resolute and unwavering.
“That said, our hope is not to fight for peace. We can always settle our grievances peacefully without spilling any blood.
“I will therefore take this opportunity, on this special day that symbolises the unity and oneness of our great nation, to ask all Nigerians to embrace peace and dialogue, whatever your grievances.
“Nigeria is for all of us. Its unity is not negotiable. And its ultimate success can only be achieved if we all come together with a common goal of having peace and prosperity for our nation.
“We shall continue to work on dialogue-based solutions to address legitimate grievances. But we remain ready to take decisive actions against secessionist agitators and their sponsors who threaten our national security.
“The recent arrests of Nnamdi Kanu and Sunday Adeyemo, and the ongoing investigations being conducted have revealed certain high-profile financiers behind these individuals. We are vigorously pursuing these financiers, including one identified as a serving member of the national assembly.
“Fellow Nigerians, this is a clear example of how people abandon their national leadership positions for their selfish gains. Instead of preaching unity, they are funding and misleading our youth to conduct criminal acts that sometimes lead to unfortunate and unnecessary loss of lives and property.
“As the so-called leaders run abroad to hide, our innocent youths are misled and left in the streets to fight for their senseless and destructive causes.
“Government will continue, with greater level of peoples’ participation and in collaboration with our international partners, to improve the security architecture, reduce enabling environment for criminality to thrive and eliminate opportunities for terrorism financing”, he said.
Speaking generally on security, President Buhari noted that progress had been made in the fight against terrorism and banditry, which had been the major features in the northern part of the country.
According to him, to support and sustain the ongoing campaign to keep the country safe and peaceful, the armed forces had recruited over 17,000 personnel, while the police had been granted leave to recruit 10,000 personnel yearly for the next six year.
More than 8,000 terrorists had surrendered as evidence of the various efforts, Buhari said.
“As our economy continues to open after the COVID-19 related lockdowns, we have also seen the resurgence of insecurity in certain parts of the country.
“In the last four months, the gallant men and women of the military and security agencies have made tremendous progress in addressing these new security challenges. We are taking the fight to our enemies from all angles and we are winning.”
He said the Integrated National Security and Waterways Protection Infrastructure, the Deep Blue Project, was launched to secure Nigerian waters up to the Gulf of Guinea.
On measures being taken to secure the country, Buhari said: “I am also pleased to note that most of the Air Force platforms we acquired over the past three years have started to arrive in Nigeria. These will positively impact our security operations in all parts of the country.
“In line with section 14(2)(b) of the 1999 Constitution (as amended), the security and welfare of Nigerians continue to be the prime focus on which programmes and projects of our government revolves”.
President Buhari, who identified the social media as a useful platform, said it had been misused to coordinate criminal activities.
He said that he has directed the lifting of the suspension of the activities of Twitter in Nigeria as long as the microblogging site fulfilled some conditions.
He said: “As we embrace the digital economy in Nigeria, we are fully aware of the prospects and the perils. Our policies have been developed to enable Nigerians to take advantage of the prospects and avoid the perils of digital technologies.”
“Rather some users have misused the platform to organise, coordinate, and execute criminal activities, propagate fake news, and promote ethnic and religious sentiments.
“To address these negative trends, the Federal Government of Nigeria suspended the operations of Twitter in Nigeria on June 5, 2021 to allow the Government put measures in place to address these challenges.
“Following the suspension of Twitter operations, Twitter Inc. reached out to the Federal Government of Nigeria to resolve the impasse. Subsequently, I constituted a Presidential Committee to engage Twitter to explore the possibility of resolving the issue.
The President lamented the effect of the COVID-19 pandemic on the country, saying that the last 18 months had been the most difficult in the history of the country.
“Nigerians came together as one to fight against COVID-19. It is this attitude and by the special grace of God, we continue to survive the pandemic as a nation and indeed, provide leadership and example at regional and international levels.
“The doomsday scenario predicted for our country never came. Even as the Delta variant continues to spread, we have built the capacity we need to respond now and into the future”, he said.
He cautioned Nigerians against taking the pandemic lightly, admonishing that they adhere to public health and social measures, put on mask on and get vaccinated.
“We can control this pandemic, but it requires effort on everybody’s part. The investments we made in response to COVID-19 will also serve our country to tackle any future disease outbreaks or pandemics.”
The President rejected the lack of easy access to COVID-19 vaccines, saying: “I will take this opportunity to remind the global community that the current state of access to COVID-19 vaccines is unacceptable. We cannot afford a situation where a handful of countries keep the global vaccine supply to themselves at the expense of other nations.
“We must act now to accelerate equitable distribution of COVID-19 vaccines. This is the message I conveyed to the international community in New York last week.
“As we push to source vaccines for our immediate needs, we shall invest more to support our pharmaceutical and research agencies to come up with ideas for locally developed vaccines. Should another pandemic arise in the future, our question is simple; will Nigeria be ready?”
He said the Ministries of Finance, Budget and National Planning, Health, Education and Science and Technology have been directed to work with local and international pharmaceutical companies and research organisations to enhance Nigeria’s domestic pharmaceutical capacity.
“Already, the Nigerian Sovereign Investment Authority is raising a $200 million fund for this initiative that will complement the Central Bank of Nigeria’s ongoing N85 billion Healthcare Sector Research and Development Intervention Scheme to support local researchers in the development of vaccines and drugs to combat communicable and non-communicable diseases, including COVID-19,” he stated.
Speaking on the ongoing reforms in the oil and gas sector, Buhari acknowledged the achievement made in passing the almost two decades old Petroleum Industry Act (PIA), adding that the new law would help in removing the dark corners in running the nation’s oil sector.
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EXPLOSIVE: How Titan Trust Bank allegedly used Union Bank’s assets to secure $300m takeover deal
What was sold to Nigerians in May 2022 as a clean and powerful takeover is now looking like something far more troubling.
When Titan Trust Bank announced it had acquired Union Bank of Nigeria, a 100+ year-old institution, the story was simple: a young bank buying a legacy giant. But fresh documents are now pointing to a shocking twist that raises serious questions about how the deal was actually done.
According to findings, Titan Trust Bank allegedly secured a $300 million loan from African Export-Import Bank (Afreximbank) to fund the acquisition of Union Bank of Nigeria. On paper, Titan Trust Bank was the borrower. But in reality, the collateral reportedly included shares, treasury bills, and assets belonging to Union Bank itself.
Let that sink in: the bank being acquired was allegedly used to secure the loan that bought it. Titan Trust Bank—linked to Rahul Savara and Cornelius Vink— is believed to have engineered a scheme so bold it’s almost unbelievable. The plan? Have Union Bank allegedly repay the very illegal loan used to purchase it—using depositors’ funds! If allowed to succeed, the outcome is stark: TitanTrust Bank’s shareholders would end up owning one of Nigeria’s oldest banks for free!
Even more alarming is the alleged complicity of Godwin Emefiele, then Governor of the Central Bank of Nigeria (CBN), who is said to have turned a wilful blind eye to a deal that flew in the face of the CBN’s strict rules against using borrowed funds to acquire Nigerian banks.
It is unbelievable that Godwin Emefiele would allow an inconsequential bank like Titan Trust Bank to plunge a legacy and systemically important bank like Union Bank into a huge and needless debt – just to satisfy the greed of the owners of Titan Trust Bank.
The Afreximbank loan is reportedly structured in a manner that will force Union Bank to keep using its depositors’ funds to repay the unlawful loan.
By the third quarter of 2025, the situation had reportedly worsened. Exchange rate shocks and rising interest costs pushed the total exposure to over ₦500 billion. What started as a $300 million facility ballooned into a massive financial burden.
It gets deeper. An audit later allegedly described the acquisition/loan arrangement as “unethical financial engineering.” The audit allegedly pointed to possible misuse of foreign loans, questionable financial reporting and improper withdrawals from customer funds.
The fallout has already begun. Following leadership changes at the CBN, the board and management of Union Bank were removed in January 2024. That decision is now being contested in court, adding another layer of controversy to an already explosive situation.
Behind the scenes, ownership of Titan Trust Bank also raises eyebrows. The bank, incorporated in 2018, is largely owned by Dubai-based firms linked to powerful business interests, including individuals such as Rahul Savara and Cornelius Vink.
This is no longer just a banking story. It is a test of transparency, regulation and accountability. If these allegations hold true, then one question refuses to go away: Who really paid for the takeover of Union Bank and at what cost to depositors?
News
Oyo 2027: Adelabu Quits As Power Minister To Focus On Guber Race
The Minister of Power, Adebayo Adelabu has formally resigned from his position in the Federal Government to pursue his governorship ambition in Oyo State.
In a resignation letter dated April 22, 2026, and addressed to the President, Adelabu stated that his resignation will take effect on April 30, 2026, to enable him to focus on his governorship ambition in Oyo State.
The letter, routed through the Office of the Secretary to the Government of the Federation, stated that he was stepping down with “a deep sense of honour and profound gratitude.”
He wrote, “I write with a deep sense of honour and profound gratitude to formally tender my resignation as the Honourable Minister of Power of the Federal Republic of Nigeria. This resignation is to take effect on 30th April 2026, in order to allow sufficient time for a smooth and orderly handover of responsibilities.”
Adelabu thanked the President for the opportunity to serve, describing his appointment as a privilege.
He said, “Your Excellency, I remain sincerely grateful for the privilege and confidence you reposed in me by appointing me to serve our great nation in this capacity.
“It has been a rare honour to contribute to national development under your leadership and to play a role in advancing reforms in the power sector—one of the most critical foundations of Nigeria’s industrial growth and economic transformation.”
The former minister said his resignation was to enable him focus fully on his governorship ambition in Oyo State, citing provisions of the amended electoral law.
He added, “My decision to step down is informed by my intention to focus fully on my gubernatorial ambition in Oyo State. This aspiration, which dates back to 2016 during my service as Deputy Governor of the Central Bank of Nigeria, ultimately led to my voluntary resignation from the Central Bank in 2018 in order to pursue the same goal.”
“In line with the provisions of the Amended Electoral Act 2026, which preclude political office holders from contesting elections, I consider it both appropriate and necessary to resign at this time.”
Adelabu’s exit marks a major political development ahead of the next electoral cycle, particularly in Oyo State, where he is expected to contest the governorship election.
News
Wale Edun, Musa Dangiwa Resigned Voluntarily, Not Sacked – Presidency
The Presidency has clarified that Wale Edun (former Finance Minister) and Ahmed Musa Dangiwa (former Housing Minister) voluntarily resigned from their positions and were not sacked by President Tinubu.
In a statement released this evening April 22, presidential media aide, Bayo Onanuga, said that contrary to public opinions, Wale Edun resigned on health grounds while Dangiwa also tendered his resignation and thanked the President for the opportunity given him to serve in the Federal Executive Council.
Onanuga stated that Edun, who clocked 70 on Monday and has battled recent ill health, fittingly submitted his resignation letter on his birthday, thanking the President for the opportunity to serve Nigeria.
“It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda, Under your leadership, Nigeria has emerged stronger, more resilient and more internationally respected. I wish you and the administration every success in the future” he wrote
Onanuga stated that on Tuesday, before the Office of the Secretary of the Government of the Federation announced his departure from the Cabinet, Edun paid a valedictory visit to the President at the Villa and held an hour-long discussion with the president and then left to focus on his private businesses.
The presidential aide stated that President Tinubu has expressed deep appreciation to Edun and Dangiwa for their dedicated service and significant contributions to the administration’s economic reform programme and wished them continued success in their future endeavours.
‘’In the same vein, the President has urged the new Minister of Finance, Taiwo Oyedele, to consolidate ongoing reforms and advance the administration’s fiscal and economic objectives with renewed focus, discipline, and innovation.
President Tinubu will shortly send the ministerial nominee for housing, Muttaqha Rabe Darma, also from Katsina, like Dangiwa, to the Senate for confirmation” the statement concluded
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News9 hours agoEXPLOSIVE: How Titan Trust Bank allegedly used Union Bank’s assets to secure $300m takeover deal
