Economy
ADC Coalition Is For 2027 Elections, I Remain In Labour Party Says Peter Obi
ADC Coalition Is For 2027 Elections, I Remain In Labour Party Says Peter Obi
ADC coalition is for 2027 elections, I remain in Labour Party says Peter Obi. Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, says he remains a member of the opposition party.
Obi spoke on Friday during a rally at the All Saints Cathedral field in Onitsha, Anambra, organised to flag off the campaign of George Moghalu, LP’s governorship candidate in the state, and his running mate, Ifeoma Okaro.
The former governor of Anambra also said he is part of the African Democratic Congress (ADC) coalition adopted by opposition leaders as the platform to challenge the All Progressives Congress (APC) in the 2027 elections.
“I will start the conversation by clarifying some confusions making the rounds, and I need to explain to you—it is very important that I clarify this because people are saying, ‘Oh! Obi is in the ADC and also in the Labour Party,’” he said.
“Let me put it categorically clear: I and the National Assembly members of the party are part of the coalition that has adopted ADC for the 2027 elections, and other parties will join us.
“But today, we are members of the Labour Party. If anybody asks you which party Peter Obi belongs to today, tell them Peter Obi is in the Labour Party. If anybody asks you about the coalition, tell them, ‘Yes’, the coalition is for 2027.”
Obi also declared his intention to run for president again, saying he remains the most qualified candidate.
“Everyone has the right to run for president—I won’t stop anyone. But if anyone asks, let them know I am in the race, and no one does it better than me,” he said.
“It is important that they know that, and that is why we are here to initiate the campaign of the Labour Party governorship candidate in Anambra State, Dr. George Moghalu.
“Our candidate is soft-spoken, focused, and an achiever. He is a product that is highly marketable, and I am confident that with him as our flagbearer, good governance and people-orientated leadership are assured.”
On July 3, Obi said his decision to join the ADC coalition was not taken lightly, adding that it aligns with his vision of creating an inclusive political alternative.
However, the Julius Abure-led faction of the LP, in response to the development, issued a 48-hour ultimatum asking him to resign from the party.
On Tuesday, Abayomi Arabambi, an LP chieftain, said the former governor had committed anti-party activities and no longer has a place in the party.

ADC Coalition Is For 2027 Elections, I Remain In Labour Party Says Peter Obi
Arabambi described Obi’s move to the ADC coalition as “unconstitutional,” saying the LP would soon convene a national executive council (NEC) meeting to formally expel him.
The LP has been entangled in a leadership crisis for months, with Abure, Nenadi Usman, Callistus Okafor, and Lamidi Apapa—each claiming to be the party’s legitimate leader.
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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