North, South-East best political alliance ever – Sambo

Sumner Sambo, Director of News, Arise News, has noted that the best political alliances Nigeria has always had is between the North and Southeast.

He said that from the first republic with Nnamdi Azikiwe, Ahmadu Bello and Tafawa Balewa and in the second republic with Alex Ekwueme, alongside Shehu Shagari, Nigeria had its best political alliances.

Sambo was particularly commenting on Peter Obi alliance with Rabiu Kwankwaso and the coming together of their support groups to work in synergy ahead of the general elections.

He also spoke about the significance of Peter Obi’s recent visit to Bauchi State, which according to him, was massive.

“I was in that company of Obi when we went around the country in 2022. The very first place we went was Bauchi, where we had to even visit the Abubakar Tafa Balewa Mausoleum and some of the visuals about Obi, whenever I take a look at them, I’ll see that very first act that we took going around there, and then see him going there today again, but this time around, not going alone, not going with a few people.

“I mean, when we went there in 2022 Obi was relatively unknown, though the Governor hosted him then, but now Obi was going to the same state, and this time around, going with huge political weight and then very strong politicians. I mean, some very top leaders from the South East. You will see that that delegation was actually very, very strong.

“And I’m thinking that the rhetoric that will come out of that meeting will be something that will help to forge an alliance between the North and the South, especially the South East, build bridges more and then help to reduce this tension that we’ve always had.

“Look, the best political alliances that we’ve always had in the country between the North and south have always been between the North and the South East. That is from the First Republic. There has always been that arrangement. Those are the kind of mature politics that we should be seeing at this moment, not the kind of rhetoric that comes out, and it looks like Nigeria is going to war. And then some people are saying that, look, the south east will never be given opportunity.

“When I saw Peter Obi at the Government House in Bauchi I was really happy, because he was received wholeheartedly.”

‘INEC can’t recognise you as National Chairman’ – Accord Party slams Imumolen

Accord Party has described as a move in futility the recent protest at the headquarters of the Independent National Electoral Commission, INEC, by the presidential candidate of the party in the 2023 presidential election, Prof. Christopher Imumolen where he asked the Comission to recognize him as the Chairman of the party.

Accord, in a press briefing in Abuja on Thursday, described Imumolen as a political jobber and a clown seeking stomach infrastructure.

National Chairman of the party, Barr. Maxwell Mgbuden said the show being put up by Imumolen was to get cheap publicity and mislead unsuspecting citizens maliciously fabricating factions in political parties where there is none.

DAILY POST reported that on 21st April 2026, Imumolen, who the party said it has expelled from its fold, staged a protest at INEC headquarters Abuja, seeking to be recognised as chairman of the party.

However, Accord said that there is no court order, whatsoever backing his demand and that there is no leadership dispute or faction in Accord, adding, “If there is a court order, Imumolen would have carried and displayed it like a trophy instead of carrying an awkward placard.

“He failed to provide the purported court order to journalists he invited for their news reports as it exists in his fertile imagination after a political hallucination of becoming the Accord chairman, which remains what it is, a mere dream.”

He explained that what the former presidential candidate still parades as a court order was an ex parte order he misled an FCT High Court to obtain on 3rd August 2024, foisted himself as chairman and broke into the party national secretariat on Saturday, 31st August 2024 which the national leadership of the party quickly approached the court and filed Motion No. M/11943/2024, seeking for an order of court to set aside the order of court obtained by fraud.

He said that On 2nd September 2024, Hon. Justice M. M. Adamu of the FCT High Court Vacation Court 3, ruled: “It shall be noted that Interim Orders lapse after seven days. I order for status quo to be maintained pending the outcome of the Motion on Notice.”

Accord urged citizens, particularly aspirants who desire to contest elections on the platform of the party, to be mindful of Imumolen.,

He added, “If Imumolen’s aim is to give the public impression that there is a leadership dispute or faction in Accord, he failed woefully. Nigerians know that there is no faction in Accord as members are united.

“Accord dissociates itself from Imumolen’s misplaced showmanship at INEC headquarters. It did not emanate from the party.

“Imumolen’s distraction has been adequately addressed by the party as equally reported in the national media. We will not dissipate energy responding to the antics of a failed politician.”

Troops bust illegal arms factory, recover weapons in Jos, Kaduna

Troops of Operation ENDURING PEACE have raided a clandestine arms manufacturing site in Gwandanu Village, Langtang North Local Government Area of Plateau State and arrested two suspects caught while fabricating sophisticated firearms.

Captain Chinonso Polycarp Oteh, Media Information Officer Joint Task Force, Operation ENDURING PEACE, in a statement said during the precise tactical raid, troops seized a substantial cache of weaponry and industrial equipment used for the production of illegal arms.

Items recovered includes the following two AK-47 rifles and one G3 rifle, alongside a suite of manufacturing tools such as two generating sets, a welding machine, a drilling machine, a hand filler, and a comprehensive technical toolbox.

In ​a related engagement, troops deployed at Gidan Waya, Jema’a Local Government Area of Kaduna State, responded to armed attack on members of the Forest Guards and Vigilante Group of Nigeria. ​

The troops in collaboration with Forest Guards pursued the assailant towards the Jaginde Forest axis, and upon sighting the approaching troops around Ungwar Maruwa, the suspected criminals abandoned their motorcycle and fled into the bush. But, troops intercepted and arrested one of the fleeing suspects.

Items recovered includes; AK 47 rifle, one AK 49 rifle, a motorcycle and a sleeping mat.

​The arrested suspects are currently in custody undergoing investigation to determine the extent of their distribution network and any potential links to wider criminal syndicates.

Kwara: Fresh industrial crisis looms at Federal Poly Offa

A fresh industrial crisis is brewing at the Federal Polytechnic, Offa, Kwara State between the management and the members of the Academic Staff Union of Polytechnics, ASUP.

The Union accused the Rector of the institution of threatening the life of its chairman, among other unaddressed sundry issues and grievances.

A statement by Tunde Ayedun on behalf of the union, alleged that a request for an emergency meeting with the management was declined on the basis that the management was attending a party in Ijebu-Ode, Ogun state.

However, when the two meetings eventually held on April 20, 2026 at 10:00a.m, and 3:00p.m, the union alleged that the Rector of the institution, threatened the union chairman that “his life is tenured” which led to the abrupt end of the second meeting.

Consequently, the union issued a 48-hour ultimatum to the Rector to withdraw the threat or face a-14-day notice of strike.

According to the union, “the threat has not only sent jitters to the leadership of the chapter but has been perceived to equally require a legal and industrial perspective because matters that relate to life must not be handled with levity.

“The CEC is seriously concerned that threats have become the response of ‘this’ management to matters of concern that was advanced to them through the congress communique.

“The Union is hereby requesting for an unequivocal withdrawal of the life threatening statement by the Rector with assurances within 48hours or instant consideration would be given to legal and industrial remedies.

“Without prejudice to the above, our 14-day notice of strike remains operational,” the union stated.

In a swift reaction, the management declared that “at no time during the said meetings did the Rector make any statement that could be construed as a threat to the life of any individual”.

A statement by the spokesman of the institution, Olayinka Iroye, said, “The allegation is therefore inaccurate, misleading, and does not reflect the true account of proceedings at the meetings.

“For the avoidance of doubt, the statement credited to the Rector ‘everything in life is tenured, including our careers and indeed our lives’ was purely philosophical.

“It conveyed a general and universally acknowledged truth about the transient nature of human existence and was neither directed at any individual nor intended as a threat, whether implicit or explicit.

“It is also pertinent to note that, contrary to the narrative being circulated, the meeting was marked by instances of unguarded, rude utterances and verbal exchanges directed at the Rector by some members of the ASUP leadership, following earlier tensions relating to engagements involving the Polytechnic Librarian.”

The management explained that it considered it necessary to make the clarification in order to prevent the spread of misinformation, avoid undue heating of the polity, and forestall unnecessary escalation of issues capable of disrupting the peace and stability of the institution.

While noting the concerns raised by the Union, the Polytechnic Management reiterated its commitment to dialogue, mutual respect, and constructive engagement in resolving all outstanding matters.

“We therefore appeal to ASUP to embrace amicable resolution in the interest of peace, industrial harmony, and the continued progress of the Polytechnic.

“Management remains open to further discussions aimed at sustaining a cordial and productive working relationship with all stakeholders,” it stated.

Tinubu approves 30% discount on airlines’ debt to Nigerian Govt

President Bola Ahmed Tinubu has approved a 30 per cent reduction in charges owed by airlines to Nigeria’s aviation agencies.

The Minister of Aviation, Festus Keyamo, SAN, disclosed the development on Thursday, noting that the decision was aimed at easing the burden of rising operational costs on airline operators.

According to him, the approval was conveyed during an official engagement.

“So this evening, Mr. President just communicated to us through the Chief of Staff, while we were at the meeting, that he’s granting a 30 percent discount to all airlines,” Mr. Keyamo said.

DAILY POST reports that the discount covers outstanding debts owed to key aviation agencies, including the Federal Airports Authority of Nigeria (FAAN), the Nigerian Civil Aviation Authority (NCAA), and the Nigerian Airspace Management Agency (NAMA).

The move follows a meeting between the federal government, led by the aviation minister, and major industry stakeholders recently.

Airline operators in Nigeria had earlier warned of a possible shutdown of operations or an increase in airfares due to the surge in aviation fuel prices.

They also called for debt waivers from aviation agencies as part of measures to avert disruption in services.

Nigerian Army sacks PHDL Secretary, Oguwike, issues disclaimer

The Nigerian Army said the company secretary of Post-Service Housing Development Limited, Barrister Nathan Oguwike, has ceased to hold the position effective Thursday, 23rd March 2026.

This was disclosed in a notice signed by the spokesperson for PSHDL, Lieutenant Augustine Nkeonye on Thursday.

According to the Nigerian Army, Oguwike is not authorized to represent or bind PHDL in any manner.

“This is to notify the general public that Nathan Oguwike, Esq., former company secretary of Post-Service Housing Development Limited (PHDL), has ceased to hold that position effective 23 April 2026 and is no longer in the service of the company.

“The individual is not authorized to represent or bind PHDL in any manner. PHDL accepts no liability for any actions or representations made by the individual subsequent to the cessation of his appointment,” the notice reads.

However, the PHDL was silent on why Ogunike ceased to be its secretary.

NUPRC challenges court ruling to protect oil investments

NUPRCThe Nigerian Upstream Petroleum Regulatory Commission has formally approached the appellate court to challenge the recent Federal High Court ruling on the Dawes Island marginal field, in a move that underscores the Federal Government’s determination to protect investments and maintain stability in the oil and gas sector.

The commission’s decision to file an application for leave to appeal followed a directive from the Office of the Attorney General of the Federation, which swiftly coordinated the government’s response to the judgment.

This was disclosed in a mailed statement issued by the African Energy Chamber and obtained by our correspondent on Thursday in Abuja. The regulator’s action signals a unified stance by authorities to uphold regulatory consistency and ensure that operators already delivering production are not disrupted by legal uncertainties.

At the centre of the dispute is Petralon 54 Limited, an indigenous firm that took over the Dawes Island field in 2021 during the marginal field bid round and has since invested about $60m in reviving the asset.

The company reportedly drilled two wells, DI-2 to a depth of 9,740 feet and DI-3 to 10,193 feet, evacuating over 200,000 barrels of crude oil to the Bonny Terminal, while remitting more than $900,000 in royalties to the Federal Government as of March 2026.

Reacting after the appeal was filed, the African Energy Chamber commended the Federal Government’s intervention, describing it as timely and necessary to sustain investor confidence. The Executive Chairman of the chamber, NJ Ayuk, said the government’s action demonstrated a clear understanding of the stakes involved in the dispute.

He said, “The Nigerian government’s swift action demonstrates a clear understanding of what is at stake. Protecting investors who deploy capital, create value, and contribute to national production is essential to maintaining confidence in the sector.

“This intervention reinforces Nigeria’s position as a serious and responsive energy investment destination, where regulatory integrity is upheld, and performance is recognised.”

Ayuk added that the development sends a strong signal to both local and international investors that Nigeria remains committed to providing a stable and predictable operating environment.

“This kind of coordinated response assures stakeholders that Nigeria will continue to protect capital investments and reward operators who are actively developing assets in line with national objectives,” he stated.

The chamber noted that the appeal aligns with the government’s broader policy direction, particularly the “drill or drop” framework, which encourages operators to actively develop oil blocks or risk losing them.

According to the AEC, ensuring continuity for performing operators like Petralon is critical to sustaining output growth and strengthening indigenous participation in the upstream sector.

The development comes amid renewed investor interest in Nigeria’s oil and gas industry under the administration of President Bola Tinubu, with over $8bn in upstream investment commitments recorded since 2023.

Major projects, including Shell’s $2bn final investment decision on an offshore gas project, TotalEnergies’ Ubeta development, and Shell’s Bonga North deepwater project, have underscored the scale of capital inflows into the sector.

Additional investments, such as Chevron’s $1.4bn commitment to deep and shallow water drilling, further reflect growing confidence in Nigeria’s regulatory environment.

Indigenous companies, which now account for about 30 per cent of Nigeria’s oil and gas production, are increasingly central to the country’s output growth, making regulatory clarity and investment protection even more critical.

They added that disputes such as the Dawes Island case highlight the delicate balance between legal processes and the need to sustain production momentum in a capital-intensive industry.

The AEC, however, urged all parties involved to pursue a swift and constructive resolution to the dispute to avoid disruptions to ongoing operations.

“The priority should be to ensure that production continues uninterrupted while the legal process runs its course. This is essential for maintaining Nigeria’s trajectory toward increased output, energy security, and economic resilience,” Ayuk said.

The Dawes Island field is one of several marginal fields awarded to indigenous operators as part of Nigeria’s strategy to deepen local participation in the upstream sector.

Marginal fields are typically smaller oil blocks previously held by international oil companies but reassigned to local firms to boost production and build domestic capacity.

However, disputes over ownership, operatorship, and regulatory decisions have continued to pose challenges, occasionally leading to litigation that threatens production timelines.

The Federal Government’s swift move to back the regulator’s appeal could set a precedent for how similar disputes are handled, particularly in balancing investor protection with adherence to due legal processes.

Dangote plans 650,000bpd East Africa refinery expansion

Dangote-3-688×460Africa’s richest man, Aliko Dangote, has unveiled plans to build another 650,000 barrels-per-day refinery in East Africa, signalling an ambitious expansion of his refining footprint beyond Nigeria as the continent seeks to cut reliance on imported fuel.

Dangote disclosed this during a presidential panel at the Africa We Build Summit, organised by Africa Finance Corporation, on Thursday in Nairobi, saying his company is ready to replicate the scale and model of its Lagos-based refinery if governments in the region provide the needed support. Our correspondent monitored the proceedings of the panel session.

He sought the support of East African governments to replicate his Nigeria-scale refinery in the region in a move that could reshape fuel supply.

His remarks came as Kenya, Uganda, and Tanzania intensified talks to establish a joint refining hub in the Tanzanian port city of Tanga, a project expected to process crude from across the region, including supplies from the Democratic Republic of Congo and South Sudan.

Speaking at the forum, Dangote expressed confidence in the feasibility of the project, citing his experience in delivering the 650,000bpd refinery in Nigeria.

He said, “I can give commitment to the presidents here today that if they support the refinery, we will build the identical one that we have in Nigeria, a 650,000 barrels-per-day refinery. The discussions are still early, but it will work. There is nothing that can stop it. We have done it before in Nigeria, and that is why we are taking this bold step again.”

Dangote revealed that his group had already commenced expansion works in Nigeria to scale up refining capacity to 1.4 million barrels per day, a move he said would position the facility as the largest refinery in the world.

“We have already started piling for the expansion. We are building it to a scale of 1.4 million barrels per day. It will be the largest refinery globally. That also means we will account for about 10 per cent of the entire refining capacity of the United States, alongside significant petrochemical production,” he added.

The billionaire industrialist stressed that Africa must prioritise industrial self-sufficiency, warning that continued dependence on imports exposes economies to severe price shocks. He cited recent volatility in global petrochemical markets as evidence of the risks.

“Look at what is happening today. If not for the local production of polypropylene in Nigeria, many businesses would have collapsed. Cement packaging, flour, rice, grains—everything depends on it. In just 45 days, the price jumped from about $900 per tonne to nearly $3,000 per tonne. That tells you why we must build local capacity and stop relying on imports,” Dangote said.

According to him, the proposed refinery will not only deepen Africa’s refining capacity but also unlock large-scale investment opportunities for the continent. “We now have strong financial institutions that are willing to support big-ticket projects, and we also have the vision to execute them. This was not the case years ago.

“There was a time in Nigeria when interest rates were as high as 44 per cent. We had to rely on international institutions like the IFC to raise about $478m for our early projects. Today, the landscape has changed significantly,” he said.

Dangote also disclosed plans to open up ownership of his refinery business to African investors, promising dollar-denominated returns. “We want all Africans to invest. This is a continental asset, and we will be paying dividends in dollars. It will deepen the market and give Africans a stake in critical infrastructure,” he added.

On timelines, he said the East African refinery could be delivered within four to five years once agreements are reached. “My commitment is that if we agree with three or four governments in the region, we will lead the process and ensure that the refinery is built within the next four or five years,” he stated

Earlier, Kenya’s President, William Ruto, confirmed that discussions were ongoing with Dangote and regional partners to establish a joint refinery in Tanga.

Ruto said, “We are going to have a joint refinery in Tanga to benefit all of us because that refinery will take crude from the DRC, Kenya, South Sudan, and Uganda. We are in talks with Dangote to see how we can collaborate on building a refinery in the region. This is part of our broader strategy to strengthen energy security and reduce dependence on imported petroleum products.”

He added that the project would be supported by a pipeline linking Kenya’s coastal city of Mombasa to Tanga, ensuring a steady supply of crude to the facility.

Industry data shows that about 75 per cent of refined petroleum products consumed in East and Southern Africa are imported, largely from the Middle East, exposing the region to supply disruptions and price spikes, particularly during geopolitical tensions.

The push for a regional refinery gained urgency following recent global supply uncertainties, including disruptions linked to tensions involving Iran, which highlighted Africa’s vulnerability to external shocks.

The planned refinery also comes as Uganda advances its own refining ambitions, having signed a deal in 2024 with UAE-based Alpha MBM Investments to develop a 60,000bpd plant.

Dangote’s refining expansion builds on the successful rollout of his 650,000bpd refinery in Lagos, which commenced operations in 2024 and is designed to meet Nigeria’s domestic fuel demand while exporting surplus products.

The facility is widely regarded as Africa’s largest refinery and a cornerstone of efforts to transform the continent from a net importer of refined petroleum products to a refining hub.

Beyond refining, Dangote also announced plans to establish about 20 fertiliser blending plants across Africa by 2028, further deepening his footprint in the continent’s industrial value chain.

Energy experts say the proposed East African refinery, if realised, could significantly alter Africa’s fuel supply dynamics, reduce import dependence, and enhance regional energy security.

Unilever Nigeria posts N59.2bn revenue

Unilever-sign-Mexico-990x557_tcm1269-420843Unilever Nigeria Plc has sustained its double-digit growth momentum into the 2026 financial year, delivering a 26 per cent increase in revenue for the first quarter ended 31 March 2026.

According to the company’s unaudited financial results, revenue rose to N59.2bn, up from the N46.9bn recorded during the same period in 2025. The consumer goods giant also reported a significant leap in profitability, with operating profit rising 39 per cent to N11.5bn, while net profit grew 26 per cent to reach N7.0bn.

The performance underscores the company’s resilience in a competitive market, driven by what it described as strategic innovation and robust marketplace execution across its diverse product categories.

Commenting on the financial results, the Managing Director of Unilever Nigeria, Tobi Adeniyi, stated that the figures represent a solid foundation for the remainder of the year.

“Our Q1 2026 results represent a strong start to the year and a clear signal that the momentum we delivered in 2025 is being sustained,” Adeniyi remarked.

“Growth in the quarter was driven primarily by increased volume, underpinned by innovation and strong marketplace execution. This performance reflects our continued operational discipline and commitment to delivering sustainable value,” he added.

The Managing Director further emphasised that the company would remain focused on its consumer-centric strategy to maintain its market leadership.

“We will continue to elevate the consumer experience while reinforcing a ‘play-to-win’ culture where we focus on winning with Nigerians. We are strengthening the proposition and desirability of our brands and executing with speed and excellence across all categories,” he said.

The company, which serves over 3.4 billion people globally through its parent organisation, reiterated its dedication to the Nigerian market despite prevailing economic shifts.

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?