Author: The Nation

  • Fastflow Valtrix Review 2025: Scam or Reliable Platform?

    Fastflow Valtrix Review 2025: Scam or Reliable Platform?

    Official Fastflow Valtrix Website!

    Fastflow Valtrix is a newly launched investment platform designed to streamline the trading process and assist users in generating significant returns. It leverages advanced technologies, including AI-driven algorithms, to conduct in-depth market analysis and generate trading signals. The creators claim that by minimizing human intervention, the system helps eliminate emotional and cognitive biases from trading decisions. Read on to explore a detailed review of the platform and decide whether it’s the right choice to enhance your investment journey.

    Pros and Cons of Fastflow Valtrix

    In this section, let’s review the advantages and disadvantages of the Fastflow Valtrix platform.

    Pros

    • Simple and cost-free account registration process
    • Integration of the latest technologies
    • Live market analysis
    • Accurate alerts and insights
    • Different asset options
    • Safe banking methods
    • Quick withdrawals
    • Additional tools and resources
    • Mobile compatible
    • A demo or practice mode
    • Strict safety measures and protocols
    • 24/7 customer support
    • A high success rate

    Cons

    • It might take some time for beginners to gain clarity about the working principle followed by the Fastflow Valtrix system

    What is Fastflow Valtrix?
    Fastflow Valtrix is an online trading platform created by a group of financial professionals to simplify the overall trading experience and meet the requirements of both novice and experienced traders. The platform harnesses advanced technologies, including artificial intelligence and advanced algorithms, to track global financial markets around the clock, collect meaningful data, and deliver reliable signals and insights.

    The platform offers a wide range of distinctive features and capabilities, including an intuitive interface, a demo or training account, additional tools and learning resources, multi-currency compatibility, extra analytical tools, 24/7 customer assistance, secure payment options, strong security protocols, and much more.

    Step Into Fastflow Valtrix Today!

    Is Fastflow Valtrix a Trustworthy Platform?
    Information gathered from reliable sources such as review sites and online discussion communities indicates that Fastflow Valtrix is a credible platform. The system offers a straightforward, secure, and free sign-up process. It collaborates with regulated brokers who implement protective strategies during critical situations, such as abrupt market fluctuations and price manipulation. The platform relies on advanced technologies to enable automation and continuous market surveillance.

    Fastflow Valtrix provides a variety of tools and learning materials, including risk management features, to support a seamless trading journey. It incorporates secure payment systems to ensure smooth and safe transactions. The platform adheres to strict security standards and protocols and provides round-the-clock customer assistance via multiple channels and languages. So far, it has received favorable feedback from early adopters. Together, these factors indicate that the platform is dependable and secure.

    How to Create an Account on Fastflow Valtrix
    To start trading on the Fastflow Valtrix platform, you must complete a few essential steps. These steps are outlined below:

    Step 1 – Create an Account
    Set up your trading account by filling out the signup form available on the platform’s official website. You will need to provide basic information such as your full name, email ID, phone number, and country of residence. Be sure to verify the confirmation email to successfully finish the signup process.

    Step 2 – Account Verification
    To meet security and regulatory requirements, the platform carries out a thorough verification procedure that asks for certain documents, such as valid identity proof. This step can be completed either immediately after signing up or prior to requesting a withdrawal.

    Step 3 – Make a Deposit
    After completing registration, you can add funds to your account with a minimum deposit of €250. This capital is used by the system to invest in potentially profitable assets such as cryptocurrencies, stocks, shares, and more at suitable moments. Deposits can be made via debit or credit cards, e-wallets, or local bank transfers.

    Step 4 – Begin Live Trading
    You can now adjust the trading platform based on your individual trading preferences, risk appetite, and current market trends. Once configured, Fastflow Valtrix will execute trades in real time according to your settings.

    Step 5 – Track Your Trades
    Lastly, you can review and control your trading performance and portfolio activity directly from the platform’s dashboard.

     Create Your Free Fastflow Valtrix Account!

    Fastflow Valtrix Protection and Security

    The Fastflow Valtrix investment platform follows robust security frameworks and protocols to safeguard the data and funds of traders and investors. It employs advanced encryption technology, authentication features, routine system audits, and cold storage solutions, enabling users to participate in live trading with minimal risk.

    Fastflow Valtrix Asset Allocation and Risk Control

    The Fastflow Valtrix platform enables access to a broad selection of profitable assets, including cryptocurrencies, stocks, forex pairs, shares, futures, commodities, bonds, and derivatives. This allows traders to enter multiple markets, spread their investments, and manage risks such as unexpected price fluctuations. It also contributes to improving overall profit potential.

    Fastflow Valtrix Supported Countries

    The platform is currently accessible in almost all countries in the world where laws permit trading different assets. Here is a list of some of the important regions where the Fastflow Valtrix system is available:

    • Thailand
    • Slovenia
    • Vietnam
    • Sweden
    • United Kingdom
    • South Africa
    • Japan
    • Canada
    • Brazil
    • Switzerland
    • Hong Kong
    • Finland
    • Norway
    • United States
    • Belgium
    • Spain
    • Poland
    • Australia
    • Slovakia
    • Mexico
    • Taiwan
    • Malaysia
    • Netherlands
    • Singapore
    • Germany
    • Chile
    • Denmark

    Unlock Fastflow Valtrix Now!

    Fastflow Valtrix Customer Feedback and Ratings

    So far, genuine user feedback for the Fastflow Valtrix investment platform has been largely positive, with numerous traders and investors stating that it is user-friendly, delivers precise signals and insights, offers additional tools and resources, provides round-the-clock customer support, and safeguards data and funds. Users have given the platform a rating of 4.6 out of 5, reflecting its reliability and overall performance.

    Fastflow Valtrix Expert Analysis and Insights

    Industry professionals have evaluated the performance of the Fastflow Valtrix platform and provided a comprehensive assessment. In their report, they noted that the system is simple to use, links traders with trusted brokers, supports continuous market monitoring, and maintains strong safety standards. Experts have awarded the platform a rating of 4.5 out of 5. At the same time, they caution users about market volatility and encourage disciplined, responsible trading practices.

    Fastflow Valtrix Pricing, Initial Investment, and Earnings

    Fastflow Valtrix is a cost-effective trading platform that enables users to engage in live trading with a minimum deposit of €250. The system does not charge additional fees or commissions for services such as account creation, account upkeep, deposits, or withdrawals. As stated by the developers, traders have the potential to generate substantial returns even with a modest investment, a claim that seems supported by existing user reviews.

    Conclusion on Fastflow Valtrix
    Based on the points covered above, Fastflow Valtrix appears to be a legitimate investment platform that caters to both beginners and experienced traders. The system relies on advanced technologies, such as artificial intelligence and sophisticated algorithms, to execute real-time trades efficiently. It works in partnership with reliable brokers or dedicated account managers within the industry. So far, user feedback has been positive, with traders rating the platform 4.6 out of 5.

    Fastflow Valtrix offers a variety of standout features and tools, including a user-friendly interface, a demo or trial account, customization settings, additional tools and educational resources, secure payment options, strict security protocols, round-the-clock customer assistance, and more.

    As a web-based platform, it is accessible on mobile phones and other devices, allowing users to track and manage trading activities conveniently. It is also budget-friendly, with no hidden fees or commissions for registration, account maintenance, or other services. These aspects indicate that Fastflow Valtrix is a reliable and credible platform.

    Activate Your Fastflow Valtrix Account!

    Frequently Asked Questions About Fastflow Valtrix

    • How easy is it to sign up on Fastflow Valtrix?
       The Fastflow Valtrix platform offers a straightforward and secure signup process that only asks for basic information and can be completed within a few minutes.
    • How quickly are withdrawals processed on Fastflow Valtrix?
       Fastflow Valtrix uses fast and reliable payment options to ensure smooth deposits and withdrawals. Traders can access their profits within 24 hours without any complications.
    • Can Fastflow Valtrix be used on smartphones and tablets?
       Fastflow Valtrix is a web-based investment platform that can be accessed on mobile phones, tablets, and other devices with an internet connection and a web browser.
    • What does the verification process on Fastflow Valtrix involve?
       The platform implements a strict verification procedure to maintain safe and responsible trading, requiring certain documents such as valid identity proof.
    • Is customer support reliable on Fastflow Valtrix?
       Yes. Fastflow Valtrix provides a dependable customer support team available 24/7 via live chat, email, and multiple other communication channels.
  • First anti-fraud real estate app unveiled

    First anti-fraud real estate app unveiled

    Nigeria has made progress in cleaning up its real estate sector by launching the country’s first anti-fraud mobile app. This new technology aims to reduce corruption and fraud in property and land deals.

    The app, known as Ist Choice Property, was unveiled yesterday (Tuesday) in Lagos by its designers, Mr Taiwo Joel Oladapo and Mr Gbenga Agbana. The launch attracted participants from across the country, marking the introduction of the first real estate anti-corruption app in Nigeria and West Africa.

    Speaking at the event, Mr Oladapo, Chief Executive Officer of Ist Choice Property, disclosed that Nigerians lose over ₦100 billion annually to fraudulent real estate deals, making the sector one of the highest-risk areas of business in the country.

    “The real estate sector has the capacity to create about five million jobs every year for Nigerians. Unfortunately, it is under serious threat due to the activities of quacks and fraudsters.”

    Oladapo said. “Ist Choice Property is here to help redeem the image of real estate in Nigeria. We have established a legal framework and are working with state and federal government institutions to ensure that, ultimately, the Nigerian real estate sector becomes free from corruption and incompetence.”

    Read Also: Tunji-Ojo: Nigeria’s future depends on unity, national renewal

    According to him, the app is designed to protect millions of Nigerians at home and in the diaspora from losing their hard-earned money to fraudulent land and property speculators whose activities have continued to undermine trust and confidence in the sector.

    “The app enables potential investors to know where and how to invest safely. It protects users from investing in disputed properties, assets confiscated by anti-corruption agencies, or properties without adequate legal status,” he explained.

    Oladapo also highlighted Nigeria’s acute housing shortage, noting that fewer than 10 per cent of Nigerians are homeowners, while the country’s housing stock stands at about 10.71 million units for an estimated population of 230 million.

    He said migration trends and diaspora engagement have increased investments in housing and land, with diaspora investments reaching $20.9 billion in 2024. However, he lamented that poorly regulated practices in the sector have led to billions of naira being lost by Nigerians abroad to fraudsters.

    “Corruption and exploitation by land and property speculators discourage genuine efforts by the diaspora, local investors and international partners,” Oladapo said. “Every year, Nigeria loses billions of dollars to corruption in the housing and property sector. This has to stop.”

    He expressed confidence that the Ist Choice Property mobile app would significantly reduce corruption, enhance transparency, and restore confidence in Nigeria’s real estate market.

    “With this app, an end has come to corruption in the real estate sector,” he said. “It will help Nigeria save billions of naira annually that would otherwise be lost to fraudulent practices, while positioning the country as a transparent and trustworthy destination for housing and property investment.”

    The promoters described the app as a milestone innovation that would help Nigeria gain greater respect in the global community by promoting a corruption-free housing and property investment environment.

  • ‘Africa’s regional integration key to economic prosperity’

    ‘Africa’s regional integration key to economic prosperity’

    Chairman of Cavista Holdings and Corporate Council on Africa, Niyi John Olajide, has called on African leaders to close ranks and create enabling business environments that facilitate cross-border investment and economic integration across the continent.

    Olajide emphasized that Africa’s economic future depends on nations moving beyond rhetoric to establish practical frameworks for regional cooperation and private sector growth.

    Olajide argued that Africa’s 1.4 billion people and combined GDP of over $3 trillion remain underutilized due to fragmented markets and restrictive cross-border business policies.

    “Nigeria’s prosperity is inextricably linked to Ghana’s success. Progress in one African nation creates opportunity across the continent. We must eliminate bureaucratic obstacles that discourage regional investment and make it easier for African businesses to operate across our borders,” he said.

    Olajide spoke as Special Guest of Honour at the 10th Anniversary Chieftaincy Installation ceremony at the Ooni of Ife’s Palace.

    Read Also: Tunji-Ojo: Nigeria’s future depends on unity, national renewal

    The historic ceremony, hosted by His Imperial Majesty, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, saw Ghana’s President John Dramani Mahama conferred with the chieftaincy title of Aare Atayese of Oodua. The event drew former President of Botswana Mokgweetsi Eric Masisi, Aliko Dangote, the Emir of Kano Alhaji Ado Bayero, and other prominent African leaders and business figures.

    He specifically commended business leaders such as Dangote who have expanded investments across African borders, demonstrating the viability of pan-African enterprise.

    Olajide challenged African governments to move beyond declarations to concrete action—streamlined regulations, transparent investment frameworks, reduced trade barriers, and protected property rights.

    “Africa’s young population deserves leadership that creates business-friendly environments; the African Continental Free Trade Area represents tremendous potential, but its promise will only be realized through deliberate action, such as ensuring harmonized standards, efficient customs procedures, and predictable business regulations,” he said.

    He highlighted the Nigeria-Ghana relationship as a template for broader African economic cooperation. “The time for Nigeria and Ghana to deepen their economic partnership is now. What we build between Accra and Lagos can become the blueprint for the entire continent.

    “This is not only an economic imperative; it is a moral one. I urge all stakeholders—heads of state, investors, and business communities—to deepen partnerships and work together for an Africa that is prosperous, peaceful, and globally competitive,” Olajide stated.

    The Ooni of Ife corroborated this vision, calling for deepening historical and cultural ties between Nigeria and Ghana while emphasizing economic cooperation for citizens’ benefit.

  • Senate okays N54.46tr for 2026 despite 2025 revenue shortfall

    Senate okays N54.46tr for 2026 despite 2025 revenue shortfall

    • Lawmakers fix parameter, approve 2026-2028 MTEF/FSP

    The stage is set for the presentation of the Federal Government’s 2026 expenditure plan by President Bola Ahmed Tinubu.

    This follows the approval of the 2026 – 2028 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) by the Senate in plenary yesterday.

    The lawmakers approved a budget of N54.46trillion for 2026. They also endorsed the parameters.

    This is despite the big revenue shortfall in 2025.

    Minister of Finance and Coordinating Minister of the Economy Wale Edun said N10.7 trillion is the estimated revenue inflow for 2025 against the projected N40.8 trillion. 

    Of the N54.46trillion projected aggregate expenditure for 2026, the Senate pegged capital expenditure at N20.131trillion, recurrent expenditure at N15.265 trillion, statutory transfers at N3.152trillion, and Sinking Fund at N388.54billion.

    Also, the Senate approved the $60 per barrel as oil benchmark (down from N64.85 proposed by the executive), projected aggregate revenue of N34.33trillion, fiscal deficit of N20.13 trillion, borrowings at N17.88trillion, debt service of N15.52trillion, pensions, gratuities, retirees’ benefits of N1.376trillion, 1.84 mbpd as crude oil production, inflation rate of 16.5 per cent, exchange rate of N1,512 per $1 and GDP growth rate at 4.68 per cent.

    The approval of the fiscal document followed the presentation and consideration of the report of the Senate Committee on Finance during plenary.

    The report was presented by the committee Chairman, Senator Mohammed Sani Musa (APC – Niger East).

    After due consideration by the lawmakers, the following recommendations of the Committee were approved.

    They include: “That the projected crude oil benchmark prices of US$64.85, US$64.30 and US$65.50 per barrel for 2026, 2027 and 2028, respectively, be reduced to US$60 for 2026, US$65 for 2027 and US$70 for 2028.

    “This is in recognition of the global geopolitical tensions in Europe and the Middle East and the sensitivity of the global crude oil price.

    “The projection for domestic crude oil production for 2026, 2027 and 2028 is 1.84 mbpd, 1.88 mbpd and 1.92 mbpd, respectively be sustained.

    “The projected exchange rates for 2026, 2027 and 2028 are N1,512, N1,432.15 and N1,383.18, respectively, and should be sustained in line with CBN’s policy to stabilise the naira and promote effective fiscal and monetary policy coordination.

    “Inflation rates projections for 2026, 2027 and 2028 are 16.5 per cent, 13 per cent and nine per cent, respectively, be sustained based on the commitment of the nation’s monetary policy authority to moderate inflationary pressure.

    “The GDP growth rate is projected at 4.68 per cent, 5.96 per cent and 7.9 per cent for 2026, 2027 and 2028, respectively.

    “Amidst reform in the Nigerian economy and prospects for reforms to take effect in 2026, it recommended that the projection for real GDP be sustained.

    Read Also: Tunji-Ojo: Nigeria’s future depends on unity, national renewal

    “The real GDP growth rate, projected at 4.68 per cent, 5.96 per cent and 7.9 per cent for 2026, 2027 and 2028, respectively, be sustained in anticipation of the gains of Tax reforms.”

    The committee called for “effective implementation of the new Tax Acts as veritable instruments for economic reforms for growth and development.”

    It added: “In line with the ongoing economic reforms and the activation of the Tax Act, it is recommended that the Federal Government implement a National Scanning Policy within the National Single Window of the Nigeria Revenue Service (NRS), in collaboration with the relevant Agencies.

    “This will enhance revenue assurance, improve trade facilitation, reduce leakages, and strengthen transparency and national security.”

    Fed Govt records revenue shortfall, says Edun

    Edun said the Federal Government recorded a significant revenue shortfall in the 2025 fiscal year.

    He spoke while appearing before the House of Representatives Committees on Finance and National Planning during an interactive session on the 2026–2028 MTEF and FSP.

    According to him, the Federal Government initially projected revenue of N40.8 trillion for 2025 to fund the N54.9 trillion “budget of restoration” to secure peace and rebuild prosperity.

    However, current performance indicates that total revenue for the year is likely to end at about N10.7 trillion, he said.

    The minister attributed the shortfall mainly to weak oil and gas revenues, particularly Petroleum Profit Tax (PPT) and Company Income Tax (CIT) from oil and gas companies, as well as underperforming subheads.

    “The current trajectory indicates that federal revenues for the full year will likely end at around N10.7 trillion, compared to the N40.8 trillion projection,” Edun told lawmakers.

    He added that while the government had also borrowed about N14.1 trillion, the combined inflows remained far below what was required to fully fund the 2025 budget.

    Despite the shortfall, Edun said the government had met key obligations through what he described as prudent treasury management.

    He noted that salaries, statutory transfers, and domestic and foreign debt service had been paid as and when due through “skilful, imaginative and creative handling” of available resources.

    Providing an update on expenditure performance, the minister said capital releases to ministries, departments and agencies (MDAs) in 2024 stood at N5.2 trillion out of a budgeted N7.1 trillion, representing 73 per cent performance, while total capital expenditure, including multilateral and bilateral projects, reached N11.1 trillion out of N13.7 trillion, or 84 per cent.

    Edun urged that expenditure plans tied to oil revenues should remain flexible, cautioning against committing the government to obligations based on projections that had repeatedly failed to materialise.

    “We must be ambitious, but given the experience of the past two years, spending linked to these revenues must depend on the funds actually coming in,” he said.

    Minister of Budget and National Planning, Atiku Bagudu, said the MTEF and FSP were developed through extensive consultations with government agencies, the private sector, civil society and development partners.

    Bagudu acknowledged the debate within the Economic Management Team over revenue assumptions, noting that while some advocated conservative projections based on past performance, others argued for ambitious targets to compel revenue agencies to improve performance.

    He explained that for the 2026 budget, the government retained a target oil production of 2.06 million barrels per day but adopted a more cautious production assumption of 1.84 million barrels per day for revenue calculations.

    Bagudu urged that more be done to drive revenue-generating agencies to do more.

    Chairman of the Committee, James Faleke, said there should be a critical analysis to guard against bloated budgets and to help make the proper decisions to move the country forward.

  • Lagos ports lead export-focused economy policy of Fed Govt

    Lagos ports lead export-focused economy policy of Fed Govt

    • NPA post strong performances

    Lagos ports are the key drivers of the export-focused policy of the Federal Government.

    As a result of a good performance in the third quarter, the Nigerian Ports Authority (NPA) posted an impressive record during the period.

    A breakdown of the number of ship calls along the port locations, according to statistics made available by the NPA, shows that Tin Can Port topped the chart at 22.7 per cent, followed by Apapa Port at 22.2 per cent. Onne and Lekki Ports followed with 18.9 per cent and 18.4 per cent respectively, while Calabar Port contributed 2.1 per cent.

    However, analysis of ship calls by size showed that Lekki Port received the largest vessels, with an average Gross Registered Tonnage (GRT) of 57,244, followed by Onne Port at 51,276 GRT. Apapa and Tin Can Island Ports recorded average GRTs of 35,556 and 34,400 respectively, while Delta Ports averaged 18,677 tonnes.

    Also, a breakdown of cargo output by port showed that Lekki Port is the dominant growth driver, accounting for 46.8 per cent of total cargo handled in Q3 2025.

    Onne Port contributed 17 per cent, followed by Apapa Port with 15.1 per cent and Tin Can Island Port with 10 per cent, while Calabar Port recorded the lowest share.

    Further analysis by cargo type revealed that Liquid Bulk accounted for the highest share at 53.8 per cent, followed by Containerised Cargo at 26.6 per cent, while Dry Bulk and Other General Cargo contributed 11.3 per cent and 8.2 per cent respectively.

    NPA Managing Director Abubakar Dantsoho attributed the strong performance to the Federal Government’s export-focused economic reforms, the policy direction of President Bola Ahmed Tinubu and the strategic leadership of the Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola.

    He noted that their combined interventions have strengthened efficiency and confidence across the maritime sector.

    He added that ongoing port modernisation initiatives championed by the Ministry of Marine and Blue Economy, the deployment of export processing terminals, and the expansion of digital platforms such as the electronic truck call-up system have reduced bottlenecks, improved turnaround time and positioned Nigeria’s ports to play a more strategic role in regional and global trade.

    Read Also: Tunji-Ojo: Nigeria’s future depends on unity, national renewal

    Industry analysts describe  the Q3 performance as underscoring the growing contribution of the maritime sector to Nigeria’s non-oil export drive, as ports align more closely with the administration’s broader economic diversification and blue economy development agenda.

    The NPA recorded a dramatic 1,085 per cent surge in export-laden containers as total cargo throughput rose to 33.52 million metric tonnes in the third quarter (Q3) of 2025.

    Operational data released showed that cargo handled during the period increased by 16.2 per cent, up from 28.84 million metric tonnes recorded in the corresponding quarter of 2024, reflecting rising trade activity across Nigeria’s ports.

    The performance is largely attributed to the export-oriented economic policies of President Tinubu, whose administration has prioritised trade facilitation, port efficiency, and non-oil export growth as critical pillars of Nigeria’s economic diversification agenda.

    This policy has increased investors’ confidence. It has also repositioned the maritime sector as a mainstay of the economic growth.

    Import-laden containers rose by 33.1 per cent to 268,713 TEUs, from 201,839 TEUs a year earlier, while export-laden containers surged to 69,039 TEUs, from just 5,812 TEUs in the same period of 2024.

    The sharp rise in export containers also led to a 21.5 per cent reduction in empty container traffic, signalling improved balance between imports and exports and stronger non-oil export activity.

    Ship traffic equally recorded notable growth during the quarter. The number of vessel calls increased by 8.4 per cent to 1,074 ships, from 991 vessels in Q3 2024.

    Also, the total Gross Registered Tonnage (GRT) jumped by 18 per cent to 42.64 million, compared with 36.13 million recorded a year earlier, indicating that Nigerian ports are increasingly handling larger vessels.

  • Dangote to ICPC: probe NMDPRA CEO Farouk

    Dangote to ICPC: probe NMDPRA CEO Farouk

    Africa’s richest man, Aliko Dangote, has formally petitioned the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over allegations of corruption, financial impropriety, and abuse of office against the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk.

    The petition, submitted yesterday through Dangote’s lawyer, Ogwu James Onoja (SAN), was received by the ICPC Chairman, Dr. Musa Adamu Aliyu (SAN).

    Dangote called for the immediate arrest, investigation, and prosecution of the NMDPRA boss.

    He alleged that Farouk has been living far beyond his legitimate earnings as a public servant.

    Dangote specifically accused Farouk of spending more than $7 million upfront to pay for the six-year education of his four children at elite schools in Switzerland.

    He argued that the expenditure could not be justified by Farouk’s cumulative earnings in public service.

    According to the petition, the children and their respective schools were named to enable verification by the anti-graft agency.

    Dangote alleged that the funds used for the payments were derived from embezzlement and diversion of public resources through Farouk’s position at the NMDPRA for personal benefit.

    He further claimed that the alleged acts of corruption had contributed to public unrest, protests, and a loss of confidence in the downstream petroleum sector.

    Dangote also indicated his readiness to appear personally before the ICPC to present evidence in support of the allegations.

    He stated that prompt action by the commission would promote accountability and protect the integrity of President Bola Tinubu’s administration.

    Read Also: Tunji-Ojo: Nigeria’s future depends on unity, national renewal

    The petition followed Dangote’s public accusations during a press briefing at the Dangote Refinery in Lagos at the weekend, where he alleged that Farouk spent between $5 million and $7 million on his children’s education abroad.

    He had described the amount as inconsistent with the earnings of a public officer.

    Similar allegations had surfaced earlier in 2025, triggering protests and calls for investigations by civil society organisations, including the Socio-Economic Rights and Accountability Project (SERAP).

    Farouk has previously dismissed the allegations as baseless and described them as a smear campaign.

    The ICPC has confirmed receipt of the petition.

    The commission said: “The ICPC confirms that it received a formal petition today (yesterday) from Alhaji Aliko Dangote through his lawyer against the Chief Executive Officer of the NMDPRA, Alhaji Farouk Ahmed. The petition will be duly investigated.”

    The statement was signed by the ICPC’s spokesperson, John Okor Odey.

    As of the time of filing this report, the NMDPRA had not issued an official response to the petition.

  • Senate urges NSA to probe fake news on Akpabio’s, Gowon’s deaths

    Senate urges NSA to probe fake news on Akpabio’s, Gowon’s deaths

    The Senate has referred false reports on the alleged deaths of its President, Godswill Akpabio, and former Head of State, Gen. Yakubu Gowon (rtd.), to the National Security Adviser (NSA), Nuhu Ribadu, for investigation.

    The decision followed the Senate’s consideration of a motion by Senator Titus Zam during plenary.

    Moving the motion, Zam said social media platforms were flooded with claims that Akpabio had died in a London hospital, even as he was presiding over plenary.

    He also said a similar rumour was spread about Gowon on the same day the former Head of State attended a Christmas carol service in Abuja.

    Read Also: Tunji-Ojo: Nigeria’s future depends on unity, national renewal

    Zam called for an investigation to identify those behind the fake reports.

    Responding, Akpabio described the trend as becoming common, noting that social media had previously circulated funeral footage of a prominent businessman who was still alive.

    He sustained the motion and directed that the matter be referred to the NSA for investigation.

    “Your point of order is sustained. I think all we can do is to refer it to the NSA for investigation,” Akpabio said.

    The Senate unanimously approved the referral through a voice vote.

  • How plot to impose Lawan as APC candidate was scuttled

    How plot to impose Lawan as APC candidate was scuttled

    The plot to impose former Senate President Ahmad Lawan as the 2023 All Progressives Congress (APC) consensus presidential candidate collapsed because it was a ruse, the biography of former President Muhammadu Buhari has revealed.

    Book author Dr. Charles Omole who gave insights into the succession politics said the plot by some influential people close to the former leader was quietly but firmly stopped at the highest level.

    The 600-paged book, which was launched in Abuja on Monday, also revealed how the Naira redesign was sold to Buhari ahead of electioneering.

    A detailed account by former Inspectors-General of Police, Mohammed Adamu and Usman Alkali Baba, as well as Buhari’s former Chief Security Officer (CSO), Abubakar Idris, captured in the book titled: “From Soldier to Statesman: The Legacy of Muhammadu Suhari,” revealed the manipulating tendencies of some individuals who attempted to misuse the authority of the Presidency and security services to influence the outcome of the primary in Abuja.

    On the eve of the shadow poll scheduled for Eagle Square, tension engulfed the APC National Secretariat and campaign offices of major aspirants as news filtered that Buhari had endorsed the former Senate President as successor.

    Although there was jubilation in the Abuja residence of the former number three citizen, members of the National Working Committee (NWC) of the party challenged the former chairman, Senator Abdullahi Adamu, who informed them about the endorsement, for proofs.

    Amid the anxiety, former Abia State Governor Orji Kalu and some party chieftains came on air to defend the consensus candidacy.

    Miffed by the inexplicable news of endorsement, protesting APC governors stormed Aso Villa to demand confirmation from Buhari, who denied anointing any preferred candidate.

    After the close of shadow poll, President Bola Ahmed Tinubu, who was elected candidate, reflected on the puroorted endorsement of Adamu, saying that he was nursing the wound of defeat during the primary.

    Read Also: Tunji-Ojo: Nigeria’s future depends on unity, national renewal

    IG Alkali Baba, who was interviewed by Omole in the course of gathering information for the biography, narrated how security agencies were mobilised for the ‘Lawan project.’

    He recalled that on the morning before primary, the influential people approached the heads of the major security agencies – the IGP, the Director-General of the Department of State Services (DSS), and the Director-General of the National Intelligence Agency (NIA), claiming to be conveying a presidential order.

    The former IG said the alleged instruction was for the deployment of security forces to “install Senator Lawan as the APC Presidential candidate, as the consensus candidate,” adding that a meeting was even scheduled to give effect to what was presented as a directive from the former president.

    But, Alkali Baba, who refused buy into the project, told his colleagues that he would not participate in the plot, prompting the trio of security chiefs to seek an urgent audience with Buhari to verify the claim directly.

    Omole stated in the book that “when they were escorted in, the IG led the way.”

    After briefing the President on security arrangements for the convention, the former IGP said they asked the President pointedly: “Is there any other instruction, sir?”

    The late Buhari’s response was unambiguous; he had given no such order.

    According to the author, the moment of truth came when Alkali Baba informed the former leader the reason for their emergency visit.

    The former police boss told Buhari that from his residence, which was located next to Lawan’s official guest house, he could hear jubilation in the neighbourhood over reports that Buhari had endorsed the former Senate President as the candidate.

    “The President laughed,” Alkali Baba recalled, before making his position unmistakably clear. He said the president who insisted that he had not anointed anyone, repeated what he had consistently said in public and private that Nigerians should choose, and the wishes of party members must not be interfered with.

    Alkali Baba also recalled that outside the President’s inner office, those who had attempted to choreograph the narrative were waiting.

    But the former IG said he informed them plainly that Buhari had no preferred candidate, adding that there would be no manipulation from the Villa through the security services.

    Omole said: “The attempted misrepresentation died where it should – at the threshold of a President’s conscience.”

    The book also noted that former DSS Director-General, Yusuf Magaji Bichi, later confirmed the same sequence of events during interviews for the book.

    The episode, according to the biography, illustrates how the late Buhari’s trust was sometimes exploited by those around him, who misrepresented his intentions without his knowledge.

    The biography also revisits the naira redesign, which was one of the most controversial policies of the Buhari administration.

    According to the former CSO, Abubakar Idris, the naira redesign did not begin as a political strategy.

    He said long before the policy was unveiled, monetary authorities had approached Buhari with a proposal to domesticate currency production, end reliance on foreign printing and build national capacity for minting and printing Nigeria’s currency.

    According to the author, Buhari found the proposals very compelling.

    Idris revealed that Buhari, who supported the idea and approved funding for the upgrade, insisted that local capacity be developed.

    “Somewhere along that path,” Idris recounted, “the redesign proposal emerged,” pitched as a means to sanitise cash flows and undercut vote-buying.

    He said the rationale resonated with Buhari’s long-held desire to clean up systemic monetary dysfunction, adding that by the time concerns arose in a section of the security apparatus that the policy’s political and operational costs were spiralling, and that some promoters had “their own game”, the process had advanced too far.

    Idris added: “Samples had been printed. Timelines had been set. Not every policy can be retracted elegantly once the machinery engages.”

     The CSO said the former President realised “later than anyone would have liked” that the reform was being weaponised beyond its declared scope, although its original foundations lay in institutional reform rather than electoral calculation.

    Beyond the primary and the monetary policy, the book paints a broader portrait of Buhari’s leadership style through the testimonies of the police chiefs.

    Former IG Mohammed Adamu described his first meeting with Buhari as one defined by clarity and restraint.

    “Bring crime down decisively,” he said the late Buhari told him, stressing that the job was for the country, not personalities.

    In a lighter moment, the President joked that Adamu “had no stomach yet,” an advice that he should not let office to inflate his character.

    Adamu recalled the late leader’s insistence on process, noting that memos were read “top to bottom,” often in the President’s presence, with corrections made where necessary.

    He added: “Most of my memos, he would take action immediately.”

    Adamu recalled that that insistence on verification proved crucial, adding that he was able to handle the case of a former governor who arrived with a list of officers to be posted, claiming it was Buhari’s directive.

     Adamu said he took the list directly to the President.

    He recalled that “Buhari’s answer was unsparing,” stressing that the former President, who denied sending anyone, warned that the IG would be personally held responsible if anything went wrong.

    Adamu said the list was immediately discarded.

    On #EndSARS, Adamu said Buhari’s standing order was clear: protect life, treat citizens with civility, and rely on non-lethal means.

    He clarified that firearms were to be a last resort. Adamu attributed the few cases of police shootings recorded during the protests to the Presidential directive.

    The author said: “Adamu’s core memory is of Buhari’s standing instruction for policing the protests: treat citizens with civility; avoid loss of life; rely on non-lethal means to disperse where necessary.

    “The President’s emphasis aligned with a policing mandate distinct from the military’s: in civil contexts, the police are trained to preserve life, engage, and de-escalate.”

  • S’Court verdict on emergency a win for Nigerians, says AGF Fagbemi

    S’Court verdict on emergency a win for Nigerians, says AGF Fagbemi

    Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), yesterday said the Supreme Court’s decision affirming the President’s constitutional power to declare a state of emergency in any part of the country was a win for Nigerians.

    He described the judgment as a major boost for democracy.

    But the decision drew sharp criticism from the African Democratic Congress (ADC), which warned that it could endanger Nigeria’s federal system and open the door to what it termed “constitutional tyranny.”

    In a statement by his spokesman, Kamarudeen Ogundele, Fagbemi said the apex court’s verdict, delivered on Monday, had strengthened Nigeria’s constitutional jurisprudence and cleared lingering doubts over the legality of the emergency rule declared in Rivers State in March by President Bola Tinubu.

    The Supreme Court judgment arose from a suit filed by Adamawa State and 10 other Peoples Democratic Party (PDP)-led states, challenging the declaration of emergency rule in Rivers State and the suspension of elected officials.

    “I welcome the judgment of the Supreme Court affirming the power granted the President by the Constitution to declare a state of emergency in any state in Nigeria whenever the situation arises,” Fagbemi said.

    According to him, the ruling is “a win for all Nigerians” and a further consolidation of the nation’s fledgling democracy.

    “The landmark judgment has further strengthened our jurisprudence and added another vital ingredient to consolidate our democracy,” he stated.

    Fagbemi congratulated all parties involved in the suit, adding that the judgment had erased doubts surrounding the President’s action and its endorsement by the National Assembly.

    “Nigeria is for all of us, and I assure Nigerians of the President Bola Ahmed Tinubu administration’s commitment to upholding the tenets of democracy and the rule of law at all times,” the AGF said.

    ADC raises alarm

    The ADC expressed deep concern over the ruling, warning that it could fundamentally alter Nigeria’s democratic structure.

    In a statement issued by its National Publicity Secretary, Mallam Bolaji Abdullahi, the party said it was “alarmed by the judgment of the Supreme Court of Nigeria which grants the President the power to suspend elected governors and state assemblies during a state of emergency.”

    While noting that the ruling might appear innocuous or academic on the surface, the ADC argued that it represents “a potential inflexion point in our democratic development, one that may alter the nature of our democracy forever.”

    The party faulted the apex court’s position that the President has broad discretion to determine the measures required to restore peace and security following the declaration of a state of emergency.

    According to the ADC, the judgment effectively empowers the President to take “any extraordinary measures if, in his opinion, such measures are necessary to restore peace in that state.”

    It warned that this interpretation carries far-reaching implications.

     “The obvious implication of this position by the apex court is that the President of Nigeria, or his agents, could easily contrive a security situation in any state whose governor is deemed unfriendly and proceed to suspend both the governor and the State House of Assembly,” the party stated.

    Although the Supreme Court acknowledged in its judgment that no arm or tier of government is constitutionally superior to another, the ADC argued that the practical effect of the ruling suggests otherwise.

    “The clear effect of the ruling grants the President firm control over the political conduct of state governors,” the statement said.

    Describing the verdict as “an extremely dangerous threat to Nigeria’s federalism and democracy,” the party said the risks were compounded by what it described as weak safeguards against the abuse of presidential discretion.

    It questioned the effectiveness of the safeguards cited by the court — proportionality, legislative oversight, and judicial review.

    On proportionality, the ADC argued that it could not serve as a reliable check “when confronted with a President willing to do anything to retain power, including the total decimation of opposition parties.”

    The party also dismissed legislative oversight as unrealistic, alleging that the National Assembly had become “a mere appendage of the Presidency.”

    Regarding judicial review, the ADC said the Supreme Court’s ruling had narrowed the scope of accountability by prioritising the letter of the law over its spirit.

    “With this form of judicial review, the Supreme Court has inadvertently aided the imposition of constitutional tyranny on Nigeria — a dangerous form of autocracy in which those in power exploit legal frameworks and constitutional loopholes to entrench absolute authority,” the statement said.

    The party warned Nigerians to remain vigilant, noting that democratic erosion does not always occur through military coups.

    “Constitutional tyranny often advances gradually, as rulers steadily erode democratic norms and institutions,” the ADC cautioned, adding that recent developments had shown that “neither the legislature nor the judiciary can be relied upon to halt this descent.”

  • Tinubu, governors, Labour meet over planned protest

    Tinubu, governors, Labour meet over planned protest

    President Bola Ahmed Tinubu held late night talks with leaders of the Nigeria Labour Congress (NLC) yesterday over the planned protests scheduled for today by Labour.

    At the meeting were the Chairman of the Progressive Governors’ Forum (PGF), Hope Uzodimma, who is Imo State Governor; NLC President Joe Ajaero and Minister of State for Labour and Employment  Mrs. Nkeiruka Onyejeocha.

    Ajaero told reporters after the meeting that the union would meet to decide its next line of action.

    He said: “We came for consultation with the President. We’ll go back to our meeting. The outcome of the meeting will be known by tomorrow (today).”

    Read Also: Tunji-Ojo: Nigeria’s future depends on unity, national renewal

    Asked if the protest would still be held, he said: “That will be communicated to you. It is not a decision of one person.

    “We have just had a meeting of Labour and the Governors’ Forum. We will go back to the drawing board and digest all that the President said to us.”

    Uzodimma confirmed that consultation was ongoing.

    He said: “We are here to serve the country. It’s just about service to the nation.”

    The Labour minister said the meeting with the President went well.