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Obi Reveals How Tinubu’s Incompetent, Divisive, Corrupt Leadership Has Damaged Nigeria

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Peter Obi To Tinubu

Obi Reveals How Tinubu’s Incompetent, Divisive, Corrupt Leadership Has Damaged Nigeria

Obi reveals how Tinubu’s incompetent, divisive, corrupt leadership has damaged Nigeria. Former Labour Party presidential candidate Peter Obi has accused the All Progressives Congress-led government of damaging the legacies of Nigeria’s founding fathers, insisting that the ruling party has diminished the country with its incompetent, divisive, and corrupt leadership.

In a statement to commemorate this year’s Independence Day, Mr Obi slammed the ruling APC for plunging many Nigerians into unprecedented hardship with its “brutal, revenue-driven policies”.

“Our founding fathers fought for independence with confidence, passion, and determination to build a prosperous Nigeria that would stand alongside the world’s most advanced nations. Unfortunately, tragic failures of leadership derailed this vision. Yet despite these setbacks, Nigeria has always shown resilience,” Mr Obi stated on Wednesday.

He added, “In 1999, we overcame military dictatorship and restored democracy, beginning a renewed journey toward prosperity, freedom, and justice. That journey helped us build Africa’s largest economy and strengthen democratic institutions. But over the last decade, under the APC’s incompetent, divisive, and corrupt leadership, Nigeria has been greatly diminished.”

Mr Obi further decried humongous borrowings under President Bola Tinubu’s administration, saying it has dragged Nigeria behind countries such as South Africa, Egypt, and Algeria.

“Today, the picture is bleak. Our total debt stands at about N175 trillion, nearly 50 percent of GDP, without any improvement in productive sectors. Nigeria has fallen to the fourth-largest economy in Africa, behind South Africa, Egypt, and Algeria. Our democracy is now described as undemocratic.

In just one year, this administration pushed over 15 million Nigerians into acute poverty. Today, more than 150 million Nigerians lack access to basic healthcare, education, water, and sanitation. Nigeria now ranks among the lowest in the world on human development indicators,” the former Anambra governor explained.

Citing the purchase of controversial items such as presidential yachts and jets, the politician said the Tinubu government “taxes struggling citizens and small businesses heavily, while indulging in extravagance” without a hint of concern for the welfare of ordinary Nigerians.

The former governor complained that “billions are spent on new presidential jets, yachts, and luxury cars that cost more than the entire 2024 budget for primary healthcare”.

“The vice-president’s residence was renovated at a cost of N25 billion, more than the combined capital budgets of six major federal university teaching hospitals,” said Mr Obi. “Over N10 billion was allocated for car parks and canteens for the National Assembly, more than the capital budget of the Ministry of Science and Technology at a time when science is crucial to national growth.”

Mr Obi, however, pointed out that Nigeria’s potential for greatness remained despite the management of the present administration, charging Nigerians not to give up on the dream of a prosperous and secure nation.

“What we need is competent, compassionate, and committed leadership. Our priority must be prudent economic management, investment in human capital, the rule of law, and infrastructure development. We must mobilise our enormous natural resources to drastically reduce poverty and achieve rapid, sustained growth,” he noted.

Peter Obi To Tinubu

Corrupt Leadership Has Damaged Nigeria

The politician urged political leaders to reflect on the crises confronting the country, stressing that they must recognise the independence celebration as a moment to transcend personal interests, reject corruption and division, while embracing a new country where leadership is anchored in competence, compassion, and commitment.

“The current administration’s failures must not lead us to despair. They should instead fuel our determination to rebuild. Nigeria has the resources, talent, and resilience to become an industrialised nation in record time. With the right leadership, we can defeat terrorism, restore security, and guarantee Nigerians safe communities where enterprise and social life can thrive.

“We must end a system where leaders feast while the people starve, where politics enriches a few and impoverishes the many. The old politics must end, and a new politics of prosperity for all must begin,” Mr Obi advised.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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