Economy
ADC: David Mark Has Capacity To Provide Leadership, Says Ralph Nwosu
ADC: David Mark Has Capacity To Provide Leadership, Says Ralph Nwosu
ADC: David Mark has capacity to provide leadership, says Ralph Nwosu. Ralph Nwosu, founder and national chairman of the African Democratic Congress (ADC), says the party is in transition and that former Senate President David Mark possesses the capacity to provide the required focus.
On Saturday morning, reports swirled that Mark had been appointed as the interim national chairman of the party.
When contacted by TheCable, Nwosu neither confirmed nor denied Mark’s appointment, but said the party is undergoing a transition and will make an official announcement next week.
“ADC has been in transition for the last 18 months. Where we are going is to make sure that we can build it to a state where patriots and citizens of this country would believe that it is not business as usual — and people with the highest integrity and moral force would be put together to lead the way forward,” he said.
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Nwosu, who has led the ADC since its inception, lauded Mark’s leadership pedigree and described him as a figure the party needs for stability ahead of the 2027 elections.
“The distinguished senator David Mark has served the country in different capacities, and he has displayed leadership and patriotism. That is the kind of leadership we want to showcase to our country moving forward,” he added.
“To build a stable, focused, disciplined culture in the political party, there is no better person than David Mark if he were to agree to do that patriotic job.
“It is not about zone, it is not about anything, it is about Nigeria. We have some decent men who have lived for Nigeria, and David Mark is one.
“He is, in any way, possibly the first exemplar of what we want to do for the country. But we will wait until next week. Everything would be clear to all Nigerians.”
Baba Abdullahi, ADC national secretary, also did not deny or confirm Mark’s appointment.
“It is not a hanging news, but let it be until it is presented well,” he said.
Mark, a retired army general, served as senate president from 2007 to 2015. He is a member of the Peoples Democratic Party (PDP) and has not officially resigned from the party.

David Mark
COALITION TALKS
Since the start of the year, opposition leaders have been ramping up high-level consultations aimed at forging a united political front strong enough to challenge and possibly unseat the All Progressives Congress (APC) in the 2027 presidential election.
Key figures involved in the coalition discussions include former Vice-President Atiku Abubakar, Peter Obi, the presidential candidate of the Labour Party (LP) in the 2023 elections; Nasir el-Rufai, former Kaduna governor; and Rotimi Amaechi, ex-Rivers governor.
In May, TheCable reported that opposition leaders agreed to adopt the ADC as a platform to run in the 2027 elections.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
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
“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.
Crime
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
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
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
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
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.

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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