Economy
David Mark Emerges Chairman, Rauf Aregbesola Gets National Secretary As Coalition Adopts ADC
David Mark Emerges Chairman, Rauf Aregbesola Gets National Secretary As Coalition Adopts ADC
David Mark emerges chairman, Rauf Aregbesola gets national secretary as coalition adopts ADC. The coalition, which includes Atiku Abubakar, Nasir El-Rufai, Peter Obi, and Kayode Fayemi, is now expected to challenge President Bola Tinubu and the APC at the 2027 elections.
Nigerian opposition bigwigs have adopted the African Democratic Congress, ADC, as the political vehicle for their 2027 campaign, an official said.
The new coalition immediately announced David Mark, a former Senate president, and Rauf Aregbesola, a former governor of Osun, as its national chairman and national secretary, respectively.
Mr Mark’s new role as interim national chairman was announced on Tuesday night by Kola Ologbondiyan, a frontline media adviser for the coalition.
Mr Aregbesola announced his acceptance of the national secretary position in a statement Tuesday night.
The coalition, which includes Atiku Abubakar, Nasir El-Rufai, Peter Obi, and Kayode Fayemi, among others, is now expected to challenge President Bola Tinubu and his ruling All Progressives Congress at the ballot box in 2027.
Read Mr Aregbesola’s full statement below.
NIGERIA UPDATE: ACCEPTANCE SPEECH by: GOV RAUF AREGBESOLA on appointment as THE INTERIM NATIONAL SECRETARY, ADC – The party platform adopted by the National Opposition Coalition Group – Tuesday, 1st July, 2025 – PART 1 of 2
Dear Party Leaders, Distinguished Members, Friends, and Fellow Citizens,
It is with deep humility, a profound sense of duty, and unwavering hope for our people, nation, race and party and that I accept the appointment as The National Secretary of our great party.
I thank the leadership for the trust reposed in me. But more than that, I thank every committed member of this party are those who still believe that politics can be a force for good, people who believe that party forms government and must control it. Those who believe in the supremacy of the party in a democracy and all products of democratic contests.
Those who recognise that parties must stand for and with the people in the promotion of their interests and aspirations.
That parties therefore are not merely machines for winning elections but institutions for mobilizing, organizing, energizing, educating, empowering and encouraging the people towards their emancipation and development.
Let me begin by saying this: a political party is not a platform for opportunism. It is not a mere vehicle to power for the few, nor a tool for personal ambition. A political party, in its truest form, is a living institution built on values, guided by ideals, and accountable to the people it seeks to serve.
Throughout Africa’s history, and particularly in the legacy of the African National Congress (ANC) of South Africa; a 113 year- behemoth of party organization that is impeccable in its credibility as a model of supremacy of party over its creation (government and popularly elected officials) have seen what a party grounded in ideology, principle, and people-centered struggle can achieve.
The ANC is not perfect but it stands for something. It was forged in resistance, sharpened by vision, and led by men and women who believe in justice, dignity, equality, inclusivity of all interests and true freedom. It has character. It has soul. It is therefore a true platform for the expression of their aspirations.
Sadly, in Nigeria today, we cannot say the same about many of our political parties.
Our political landscape is plagued by parties that lack ideological depth. They are empty shells merging and splitting, not over policy or principle, but over power and personality. There is little regard for the people, and even less for the country.
That is not the kind of party we must be. That is not the kind of party I will serve.
As the National Secretary, I will work to build a party that has a clear ideological compass, a party that is absolutely committed to the people, rooted in democratic values, rule of law, social justice, accountability, transparency and national development. A party that listens and works for to the people, not only during elections, but every single day.

David Mark Emerges Chairman
We must become an institution where:
(1) Internal democracy is not just preached but practised.
(2) Intra-party competition is transparent, fair, and just.
(3) All party structures from the ward to the national level and function effectively and efficiently.
(4) Young people, women, and the marginalised have a real voice, not symbolic inclusion.
(5) All special and critical interests(security, educators, farmers, workers, women, youth, professionals, people with special needs, etc., must be recognised and allowed to have autonomous structures within the party.
We will model international best practices in party organisation, administration, and ethics. We will study what works from South Africa to Sweden, from Chile to Kenya, and adapt what fits our local reality. Discipline, order, clarity of purpose, and service to the people must define us.
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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