David Mark-led ADC begins legal battle against INEC, asks Court to reverse de-recognition of his leadership

The David Mark-led leadership of the African Democratic Congress, ADC, has asked the Federal High Court in Abuja to reverse the decision of the Independent National Electoral Commission, INEC, which derecognised the party’s leadership.

Mark also asked Justice Emeka Nwite to grant an order of mandatory injunction setting aside INEC’s refusal to attend or monitor the ADC’s congresses or convention, pending the hearing and determination of the instant suit.

He equally sought an order of mandatory injunction directing INEC to forthwith restore and maintain the names of all ADC’s National Working Committee (NWC) in its records and portal, prior to the filing of the suit, and pending the hearing and determination of the substantive suit.

Recall that INEC had officially removed the names of Mark (National Chairman) and Rauf Aregbesola (National Secretary) of the African Democratic Congress (ADC) from its official portal and website on April 1.

The motion on notice, dated and filed on April 7 was filed by Mark’s new lawyer, Sulaiman Usman, SAN.

The motion by the former Senate President, who is the national chairman of ADC, is in reaction to the March 12 Court of Appeal’s judgment in a suit instituted by Nafiu Bala Gombe before Justice Nwite.

The motion, which sought three reliefs, was brought pursuant to Order 26, Rules 1, 2, 3 and 4 of the Federal High Court (Civil Procedure) Rules, 2019; the inherent jurisdiction of the court and under the equitable jurisdiction of the court to grant injunctive reliefs.

The reliefs sought include; “an order of mandatory injunction, setting aside the decision, act, or directive of the respondent removing the names of the applicant’s National Working Committee from its official portal and the decision of refusal to attend or monitor the applicant’s congresses or convention pending the hearing and determination of the suit.

He sought an order of mandatory injunction, directing INEC to forthwith restore the names of Senator David Mark as National Chairman and Rauf Aregbesola as National Secretary, as well as all members of the National Executive Committee .

He sought an order restraining INEC from tampering with, or otherwise interfering with the said leadership records of the 1st defendant, recognising or giving effect to any contrary or competing claims, pending the final determination of this suit.”

Giving seven-ground argument why the application should be granted, the lawyer submitted that the Court of Appeal, in its ruling delivered on March 12, ordered the parties to maintain the status quo ante bellum.

Usman argued that the “status quo ante bellum” referred to the last lawful, uncontested state of affairs prior to the institution of the suit.

“As at September 2, 2025, when this action was instituted, the 2nd defendant (Senator David Mark) was the recognised National Chairman of the 1st defendant.

“The said leadership structure had already been constituted. The plaintiff had already resigned his prior office and had no subsisting role within the party,” he said.

The lawyer further stated that INEC, acting under a misapprehension of the Court of Appeal order, removed the names of the said leadership from its portal.

He said the electoral umpire then adopted a position of non-recognition and created a vacuum in the leadership structure of ADC.

Usman argued that INEC’s actions were inconsistent with the true meaning of the Court of Appeal order, capable of rendering the subject matter of the suit nugatory and prejudicial to Mark and Aregbesola.

“The law is settled that a mandatory injunction may be granted at an interlocutory stage to restore a party to the position wrongfully altered.

“This is a proper case for the exercise of the equitable jurisdiction of this honourable court,” the senior lawyer submitted.

Also, in another motion on notice dated April 2 but filed April 7 on Mark’s behalf, the lawyer sought an order granting accelerated hearing of the suit.

Usman, who prayed the court for an order abridging the time within which the parties are to file and exchange all processes in the suit, also sought an order directing that the suit be heard on day-to-day basis until its final determination.

On why the case should be given accelerated hearing, the lawyer stated that the suit had raised fundamental issues affecting the leadership structure of the ADC, a registered political party.

He said the subject matter of the suit has far-reaching implications for democratic governance and political participation.

According to him, the Court of Appeal has already directed that the matter be heard expeditiously.

He said the present uncertainty surrounding the leadership of the ADC is affecting its internal administration, impeding its participation in political activities and creating avoidable institutional confusion.

Usman further stated that the continued pendency of the suit is capable of rendering the subject matter nugatory, encouraging parallel structures and conflicting claims.

The lawyer, who said that the court has the power to accelerate proceedings in deserving cases, said it is in the interest of justice to determine the matter without delay.

It will be recalled that Justice Nwite had, on September 4, 2025, declined to grant an application seeking to stop Mark-led leadership of the ADC, pending the hearing of the substantive suit.

The judge had refused the three prayers sought in an ex-parte motion filed by Nafiu Bala Gombe, a former Deputy National Chairman of ADC, and moved by his lawyer, Michael Agber.

Rather, the judge had directed Gombe, the plaintiff in the suit, to put all the defendants on notice to show cause why the motion should not be granted.

The judge then adjourned the matter til September. 15 2025, for the defendants to show cause.

However, the Mark-led ADC, approached the Appeal Court to challenge the lower court’s jurisdictional power to hear the suit and the appellate court ordered the parties to go back to the trial court and maintained status quo ante bellum pending the determination of the case.

Gombe, in the suit marked: FHC/ABJ/CS/1819/2025, had sued ADC, Mark, Aregbesola, INEC and Chief Ralph Nwosu as 1st to 5th defendants respectively.

Nwosu was the former ADC national chairman who stepped down for David Mark leadership.

ADC drags INEC to court over removal of leaders from party records

The African Democratic Congress (ADC), led by Senator David Mark, has approached the Federal High Court in Abuja to challenge the decision of the Independent National Electoral Commission (INEC) to remove its top officials from official records.

The case followed INEC’s deletion of the names of David Mark as National Chairman and Rauf Aregbesola as National Secretary from its portal on April 1.

In a motion filed on April 7, Mark, through his lawyer, Sulaiman Usman (SAN), asked the court to order INEC to restore the names of the party’s National Working Committee members as they were before the dispute.

Part of the request reads, “An order of mandatory injunction, setting aside the decision, act, or directive of the respondent removing the names of the applicant’s National Working Committee from its official portal.”

The group also asked the court to compel INEC to recognise and maintain the names of Mark and Aregbesola, along with other members of the National Executive Committee.

In addition, they want the court to restrain INEC from interfering with the party’s leadership records or recognising any rival claims until the case is determined.

The legal action follows a Court of Appeal judgment on March 12 in a related dispute involving a former deputy national chairman of the party, Nafiu Gombe.

Usman argued that the appellate court had directed all parties to maintain the status quo pending the resolution of the dispute.

He said, “As of Sept. 2, 2025, when this action was instituted, the 2nd defendant (Senator David Mark) was the recognised national chairman.”

He accused INEC of misinterpreting the court’s ruling by removing the names, saying the move created confusion within the party.

According to him, “The law is settled that a mandatory injunction may be granted… to restore a party to the position wrongfully altered.”

The lawyer also asked for an expedited hearing of the case, warning that the ongoing leadership crisis is affecting the party’s activities and could lead to parallel structures.

He said, “The continued pendency of the suit is capable of rendering the subject matter nugatory.”

Court records show the dispute began in September 2025 when Gombe filed a suit challenging the party’s leadership.

The trial court later ordered all parties to respond, while the Court of Appeal directed that the status quo be maintained.

EPL: Fulham push to seal Chukwueze deal after loan stint

Fulham are intensifying efforts to sign Samuel Chukwueze on a permanent transfer, DAILY POST reports.

Chukwueze arrived the Craven Cottage on season-long loan from Serie A giants AC Milan last summer.

The tricky winger has impressed head coach Marco Silva, who now want him to stay permanently at the club.

According to Gazzetta dello Sport, Fulham are preparing €24 million deal to activate the purchase option in the Nigeria international’s contract.

Chukwueze has registered three goals, and four assists in 17 league appearances for the Whites this season.

He has two years remaining on his contract with Fulham.

EFCC uncovers Yahoo academy in Abuja, arrests 31 suspects

The Economic and Financial Crimes Commission, EFCC, has uncovered an alleged internet fraud training centre, commonly referred to as a Yahoo academy in Abuja, leading to the arrest of 31 suspects.

The operation, carried out on Thursday, April 9, 2026, took place at Becki Estate in Karu, within the Federal Capital Territory, following what the agency described as a sting operation.

According to details shared on the official page of the commission, the suspects said to include two key operators and several trainees, were arrested while undergoing what appeared to be organised cyber fraud tutorials.

The agency said items recovered during the raid include multiple mobile phones, 18 laptops and other digital devices believed to have been used for fraudulent activities.

It further noted that findings by the commission showed some of the recruits were allegedly lured from Benue State with promises of legitimate job opportunities, only to be introduced into internet fraud upon arrival.

“They were handed communication devices, computers and software, setting the stage for their training in cyber fraud,” the commission stated.

Further details revealed that the recruits were reportedly confined within the facility, with their movements restricted and personal phones taken from them, effectively cutting them off from the outside world.

The anti-graft agency also disclosed that strict control measures were enforced within the centre, including alleged physical punishment for those who failed to comply with instructions.

The commission noted that the suspects remain in custody and will be charged to court upon the conclusion of ongoing investigations.

Gov Adeleke under pressure over Apetu stool vacancy

Osun State Governor, Ademola Adeleke is under intense pressure to take decisive action on the Apetu stool due to mounting concerns over a prolonged vacuum in the traditional leadership in Ipetumodu town.

Community stakeholders, including kingmakers and representatives of two ruling houses, said the absence of a monarch has begun to affect traditional, administrative and territorial stability in the town.

The groups, drawn from the Aribile and Fagbemokun ruling houses, made their position known during a press conference held in Ipetumodu on Thursday.

They urged the state government to formally declare the stool vacant and commence the selection process for a new traditional ruler within seven days.

At the centre of the dispute is the continued recognition of Oba Joseph Oloyede, who is currently serving a prison sentence in the United States of America following a fraud conviction.

The monarch was sentenced on August 26, 2025, by Christopher A. Boyko to 56 months’ imprisonment after being found guilty of participating in a conspiracy linked to COVID-19 relief funds.

According to authorities in the United States, “the scheme involved exploiting emergency loan programmes intended to support small businesses during the pandemic.”

Court documents indicated that assets linked to the proceeds of the crime, including a residential property in Medina, Ohio, and over $96,000, were forfeited.

In addition to the prison term, the monarch was ordered to pay restitution exceeding $4.4 million and to serve a period of supervised release upon completion of his sentence.

Despite these developments, community leaders said the delay in officially declaring the stool vacant has created uncertainty and weakened traditional authority structures in Ipetumodu.

Speaking for the ruling houses, Prince Dele Oyebade stated that “all required legal documentation, including the Certified True Copy of the judgment, had been submitted to the state government.”

He said, “The documents have been made available, yet no action has followed. This delay is causing avoidable tension within the community.”

Oyebade also suggested that the governor may not have received complete information about the matter from the lawmaker representing Ife North State Constituency, Akinyode Oyewusi.

He added, “All actions capable of delaying justice in this matter must cease immediately to preserve the integrity of the institution.”

Another community representative, Prince Olaboye Ayoola, linked emerging local challenges to the absence of a recognised monarch, noting increased disputes and administrative gaps.

Ayoola said, “We are giving the government seven days to respond. The town cannot continue without leadership, as this situation is already affecting our land and traditions.”

He explained that neighbouring communities were taking advantage of the vacuum to encroach on disputed areas, while essential cultural rites remained suspended.

On behalf of the traditional council, the Aresa of Ipetumodu, Chief Lawrence Odewale, called for urgent intervention, including the appointment of warrant chiefs to support the selection of a new monarch.

He said, “Declaring the stool vacant is necessary to restore order and enable the kingmakers to carry out their responsibilities without further delay.”

TUC demands subsidy to cushion rising fuel prices

The Trade Union Congress of Nigeria has called on the Federal Government to deploy excess crude oil revenue to subsidise local refineries as a way of cushioning the impact of rising fuel prices on Nigerians.

President of the Congress, Festus Osifo, who made the call during a press briefing in Abuja on Thursday, warned that the price of Premium Motor Spirit, popularly called Petrol, could climb to as high as N2,000 per litre if urgent measures were not taken.

Osifo said the persistent increase in the pump price of petrol, driven by global crude oil price volatility and exchange rate challenges, had worsened the economic hardship faced by Nigerian workers.

The TUC leader attributed the surge partly to international developments, including tensions involving the United States, Israel and Iran, which have affected global oil supply dynamics.

Osifo also linked the rising cost of petrol to the depreciation of the naira, warning that the continued weakening of the currency was compounding inflationary pressures and reducing the real value of workers’ earnings.

To address the situation, the TUC president proposed that the government should utilise excess revenue generated when crude oil prices exceeded the budget benchmark to support local refining.

He explained that with the 2024 budget benchmarked at $64.85 per barrel, any price above that threshold results in additional revenue shared by the three tiers of government, adding that at least 60 per cent of such excess funds should be channelled into subsidising crude supplied to domestic refineries, including the Dangote Refinery and other modular refineries.

He also urged authorities to take deliberate steps to stabilise the currency, noting that exchange rate stability would significantly reduce the cost of imported energy and other goods.

The TUC said it would formally communicate its proposals to the Federal Government, including the Presidency, with a view to ensuring the prompt implementation of measures to ease the hardship facing Nigerians.

He said, “Today, the cost of petrol is heading towards N2,000 per litre, depending on the part of the country that you are in. It has deeply affected the purchasing power of the salaries that we earn as Nigerian workers.

“Let the government take that excess fund that was never budgeted for, take at least 60 per cent of it, and use it to subsidise the crude being supplied to Dangote Refinery.

“The same should be done for Dangote Refinery and all modular refineries, where crude is supplied to them at that subsidised rate.

“Take the difference from the excess crude revenue, take about 60 per cent of it, and use it to subsidise the price at which crude is supplied to the refinery.

“When you subsidise crude, it cannot be abused because you are subsidising production directly. When that is done, we are going to see an immediate reduction in the price of petroleum products.”

Access Holdings ED addresses tech leaders

Access HoldingsThe Executive Director of IT and Digitalisation at Access Holdings Plc, Lanre Bamisebi, has issued a call to action for technology leaders to prioritise ‘less, but better’ in an era increasingly dominated by artificial intelligence.

Speaking recently at the inaugural Guest Lecture Series organised by the Quest Merchant Bank Technology Academy, Bamisebi argued that the ability to simplify complex processes will be the ultimate competitive advantage.

Addressing a gathering of technology professionals, he questioned the industry’s fixation on relentless expansion and feature-heavy development, arguing that real progress in the digital age is driven by disciplined system design rather than sheer volume of output.

“The institutions that will win the next decade are not the ones that build the most,” Bamisebi said. “They are the ones that simplify the best. Progress in technology is often not about adding more; it is about having the discipline to remove what no longer works.”

Drawing on historical turnarounds at global giants like Apple and Amazon, Bamisebi noted that major transformations rarely begin with ‘moonshot’ ideas. Instead, they start with a rigorous assessment of what is broken.

He emphasised that at Access Holdings, the focus remains on stability as the bedrock of any digital journey, noting that system failures are typically the result of human process errors rather than flawed code.

“Technology failures are rarely caused by technology,” Bamisebi added. “They are usually caused by what we do to the technology. Stability is not glamorous, but without it, nothing sustainable can be built.”

Addressing the rise of generative AI, Bamisebi downplayed concerns about widespread job losses, describing the technology instead as a ‘mirror’ that highlights operational inefficiencies. He maintained that AI will not replace critical thinkers but will rather expose whether a professional’s value stems from independent judgement or simple adherence to routine instructions.

“The age of AI is not a threat to thinkers. It is a mirror. It will reveal whether your value comes from judgement or from following instructions,” he said.

Bamisebi concluded by positioning Nigeria and the broader African continent at a critical junction in financial infrastructure development. He predicted that the next generation of industry leaders would be defined by their discipline and their ability to say ‘no’ to unnecessary complexity.

“The institutions that will define African financial services in the next decade will not be the loudest or the most expensive. They will be the most disciplined. Less, but better. Always,” he added.

Polaris Bank, CBN partner to promote financial literacy

Polaris BankPolaris Bank has announced its partnership with the Central Bank of Nigeria for the 2026 Global Money Week under the theme ‘Smart Money Talks’. The initiative, which runs from 7 April to 30 April 2026, aims to bridge the financial literacy gap by providing secondary school students with the tools to navigate an increasingly complex digital economy.

“Building a financially smart future starts with equipping young people with the right knowledge today. As conversations around money become more complex in a fast-evolving digital world, our participation in Global Money Week reflects our commitment to empowering the next generation with practical skills that shape long-term economic wellbeing,” stated the bank’s leadership during the launch.

The 2026 campaign, according to a statement on Thursday, builds on the success of the previous year, where Polaris Bank directly impacted 3,372 students across 35 secondary schools in 36 states.

This year, the bank is expanding its reach in coordination with the CBN’s Financial Literacy Secretariat to conduct sessions in schools across all states where it maintains a branch presence. These sessions provide students and young adults with useful insights into key areas such as saving, budgeting, the responsible use of financial products, digital financial services, and entrepreneurship.

“At the Central Bank, we believe that early education is critical to helping young people distinguish between impulse and intention. By taking these conversations into schools, we are supporting a national mandate to develop a generation that is more financially aware and capable of making smart choices,” noted a representative from the CBN Financial Literacy Secretariat.

In an era where technology and peer influence heavily dictate spending habits, Polaris Bank is positioning financial literacy as a vital life skill rather than a luxury. The bank believes that early education is critical to helping young people distinguish between trend and truth, or convenience and responsibility.

“For Polaris Bank, this goes beyond a statutory obligation,” the bank added. “It is about fostering a culture where young people are confident in money matters, helping them grow into financially active adults who can contribute meaningfully to the Nigerian economy.”

The programme aligns with broader national goals of human capital development and financial inclusion as key drivers of growth. As Global Money Week activities continue through the end of April, Polaris Bank remains committed to initiatives that create meaningful impact, strengthen communities, and empower individuals through knowledge-driven engagement.

Guinea Insurance projects N1.85bn profit

Guinea-Insurance-PlcGuinea Insurance Plc has signalled a period of robust financial growth and strategic strengthening as it forecasts a profit after tax of N1.85bn for the second quarter ending 30 June 2026.

In a comprehensive regulatory filing submitted to the Nigerian Exchange on Tuesday, the insurer detailed an ambitious financial roadmap characterised by aggressive revenue targets and a massive capital injection intended to solidify its market position.

The company’s forecast income statement projects insurance revenue to hit N4.41bn by the end of the quarter. This performance is expected to be bolstered by a strong insurance service result of N2.27bn, demonstrating the firm’s ability to effectively manage its core underwriting risks and reinsurance contracts.

Beyond its core operations, the report highlights a diversified income stream with net investment income projected at N1.14bn. This is expected to be driven primarily by investment income and fair value gains on financial assets, reflecting a strategic allocation of capital within the current economic landscape.

Perhaps the most significant highlight in the filing is the N7.5bn new capital injection listed under financing activities. This influx of capital is set to dramatically transform the company’s balance sheet, pushing its cash and cash equivalents to a projected N7.44bn by mid-year, up from N2.98bn at the start of January.

The board of directors, led by Chairman Temitope Borishade and Managing Director Ademola Abidogun, noted in the filing that “these projections reflect a company exceeding expectations with a clear path toward sustainable profitability and a fortified capital base that ensures we remain a dominant player in the industry.”

On the operational side, Guinea Insurance’s cash flow estimates indicate a high level of activity, with premium collections expected to reach N4.9bn. The company has also budgeted N1.13bn for gross claims payments, emphasising its commitment to meeting policyholder obligations promptly.

The report further detailed that “the proposed capital injection of N7.5bn is a testament to investor confidence and a strategic pivot toward high-yield financial assets”, including a planned N2.5bn investment in Treasury bills.

With earnings per share projected at 0.10 kobo, Guinea Insurance is positioning itself as an increasingly attractive prospect for shareholders. The company concluded its submission to the exchange by stating that it is “entering the second half of the year with a liquid, well-capitalised balance sheet designed to withstand macroeconomic pressures while delivering consistent value to stakeholders”

Banking stocks drive 0.28% NGX growth

Nigerian Exchange Limited

The Nigerian equities market closed on a positive note during Thursday’s trading session as a late-session rally in the banking sector pushed the market capitalisation up by N370bn. The All-Share Index grew by 0.28 per cent, gaining 576.27 points to settle at 203,161.81 points, while the total market value of listed equities rose to N130.774tn.

This upturn was primarily driven by price appreciation in medium and large-cap stocks, most notably Nestle Nigeria, Aradel Holdings, Nigerian Exchange Group, Zenith Bank, and Lafarge Africa.

Despite the gains in the headline index, market breadth remained perfectly balanced with 30 advancers matched by 30 decliners. Trans-Nationwide Express emerged as the top performer of the day with a 9.94 per cent price surge to close at N3.43 per share, followed closely by International Energy Insurance, which gained 9.84 per cent to close at N3.46.

Guinea Insurance, Regency Alliance Insurance, and Wapic Insurance also featured prominently on the gainers’ list with respective appreciations of 9.52 per cent, 9.18 per cent, and 9.09 per cent.

On the flip side, LivingTrust Mortgage Bank led the laggards after shedding 10 per cent to close at N4.32 per share. Other significant decliners included R.T. Briscoe, which dropped by 9.94 per cent, and Tantalizers, which fell 9.55 per cent.

Livestock Feeds and VFD Group rounded out the losers’ chart with depreciations of 9.40 per cent and 8.85 per cent, respectively. Trading activity saw a noticeable pullback as total volume decreased by 35.17 per cent to 652.863 million units, valued at N39.820bn and exchanged in 51,101 deals.

The banking sector continued to dominate the activity chart, led by Access Holdings with a turnover of 121.702 million shares valued at N3.165bn. Guaranty Trust Holding Company followed with 62.274 million shares worth N8.096bn, while Chams Holding Company, Zenith Bank, and United Bank for Africa also recorded high transaction volumes.

Providing a forecast for the next session, analysts at Cowry Assets Management Limited noted that the market is expected to face mild headwinds on Friday as end-of-week profit-taking activities begin to weigh on investor sentiment.