News
Electoral Law: ADC Vows To Mobilise Nigerians, Says “Tinubu Has Corrupted Democracy”
Electoral Law: ADC Vows To Mobilise Nigerians, Says “Tinubu Has Corrupted Democracy”
Electoral Law: ADC vows to mobilise Nigerians, says “Tinubu has corrupted democracy”. The African Democratic Congress (ADC) has said President Bola Tinubu’s hasty assent to the controversial Electoral Act Amendment has corrupted Nigeria’s democracy and is akin to signing the death warrant of credible election in the country.
In a statement signed by its National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC questioned the undue haste with which the president signed the bill into law even in the face of widespread objections by citizens across the country, declaring it as part of the ruling party’s elaborate scheme to rig the 2027 election.
The party declared that with this move, the APC has drawn the battle line between the ruling party and Nigerians and vowed to mobilise citizens to frustrate rigging by any means necessary.
LThe full statement read:
With the alarmingly speedy assent to the Electoral Act Amendment Bill, President Bola Ahmed Tinubu has signed the death warrant on credible elections and by so doing set Nigeria’s democracy back by several decades.
At a time when Nigerians across generations and political affiliations are calling for stronger accountability and the full modernization of our electoral system, it is sad to see a president who likes to boast of his pro-democracy credentials hurriedly approving amendments that not only fail to improve citizens’ confidence in the electoral process.
In signing the bill into law, the President claimed to be consolidating the country’s democracy, but in reality, he has simply corrupted it further by introducing ambiguity and permitting excessive discretion in the collation and transmission process.
It is quite instructive that despite claiming to control more than 30 state governments and commanding a majority in both chambers of the National Assembly, the extraordinary haste with which this amendment was passed and signed raises the unavoidable question of why a government that wrongly boasts about being so politically dominant would rush changes to the electoral framework unless it harbors deep-seethed doubts about submitting itself to a truly transparent and competitive process.
By refusing to slow down, listen, and meaningfully engage the concerns of Nigerians, President Tinubu and the APC-led National Assembly have shown that they are afraid of what the Nigerian people will do to them in a free and fair election, and they have reacted by demonstrating outright disregard for the very citizens whose mandate sustains their democratic authority.
The African Democratic Congress (ADC) is also deeply concerned about what this amendment portends for Nigeria’s forthcoming elections. In the absence of firm guarantees of electronic transparency, vigilant citizens may feel compelled to physically safeguard their votes to prevent discrepancies between polling units and collation centres, as has been witnessed in the past.
No government that is confident in its democratic mandate and cares about its citizens should place its people in a position that risks heightening tension during elections.
In this regard, the ADC wishes to pass the following message to all Nigerians, friends of Nigeria, and the world at large:

ADC
As a duly constituted political party in the Federal Republic of Nigeria, with the actions taken by President Bola Tinubu on Wednesday, 18th February, moving forward, the ADC affirms in the strongest and clearest possible terms that we are ready, willing, and prepared to defend the sanctity of Nigeria’s democracy using every constitutional and lawful means available to us.
We will mobilize Nigerians toward vigilance, toward lawful participation, and toward unity in defense of their constitutional rights. We stand firm in the belief that the will of the people must prevail and that no law, however hastily enacted, can extinguish the democratic aspirations of a free nation.
Signed:
Mallam Bolaji Abdullahi
National Publicity Secretary
African Democratic Congress (ADC)
News
EFCC Arraigns ALSCON, Director for Alleged N582.43m Money Launderin
EFCC Arraigns ALSCON, Director for Alleged N582.43m Money Launderin
The Economic and Financial Crimes Commission, EFCC, on Monday, October 12, 2026, arraigned Aluminium Smelter Company of Nigeria, ALSCON, plc, and its Director, Zavyalov Dmitry, before Justice O. A. Egwuatu of the Federal High Court, Abuja, for alleged money laundering offences involving N582,430,250.00 (Five Hundred and Eighty-Two Million, Four Hundred and Thirty Thousand, Two Hundred and Fifty Naira).
Eereporter.com
The company and its director were arraigned on a six-count amended charge, marked FHC/ABJ/CR/644/2025. Dmitry is said to be at large.
According to the charge, the company, a Designated Non-Financial Business and Profession, DNFBP, and Its Director, Dmitry, failed to report in writing to the Special Control Unit against Money Laundering (SCUML) single transfers made from the company’s account between March and July 2024, as required under Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022.
The transfers include N147,515,050.00 in March 2024, N156,026,860.00 in April 2024, N121,425,200.00 in May 2024 and N127,338,190.00 in July 2024, all paid to UDATSON NIGERIA. Others are N15,124,950.00 paid to Urico Global Services in April 2024 and N15,000,000.00 paid to one Christopher Azogu in June 2024.
Count one reads: “That you, Aluminium Smelter Company Of Nigeria Limited, plc, a Designated Non-Financial Business and Profession (DNFBP) and Zavyalov Dmitry (at large) being Director of the said DNFBP sometime in March, 2024 in Abuja within the jurisdiction of this Honourable Court, failed to report in writing to the Special Control Unit against Money Laundering (SCUML), a single transfer of the sum of N147,515,050.00 (One Hundred and Forty Seven Million, Five Hundred and Fifteen Thousand, Fifty Naira) paid into UDATSON NIGERIA from account no. 1013726291 operated by Aluminium Smelter Company Of Nigeria Plc as specified under Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022 and you thereby committed an offence contrary to and punishable under Sections 11 (3), 19(2) (b), and 22 of the same Act.”
Count two: “That you, Aluminium Smelter Company Of Nigeria, plc, a. Designated Non-Financial Business and Profession (DNFBP) and Zavyalov Dmitry (at large) being Director of the said DNFBP sometime in April, 2024 in Abuja within the jurisdiction of this Honourable Court, failed to report in writing to the Special Control Unit against Money Laundering (SCUML), a single transfer of the sum of N156,026,860.00 (One Hundred and Fifty Six Million, Twenty Six Thousand, Eight Hundred and Sixty Naira) paid into UDATSON NIGERIA from account no. 1013726291 operated by Aluminium Smelter Company Of Nigeria Plc as specified under Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022 and you thereby committed an offence contrary to and punishable under Sections 11 (3), 19(2) (b), and 22 of the same Act.”
Count four of the charge sheet reads, “That you, Aluminium Smelter Company Of Nigeria Plc, a Designated Non-Financial Business and Profession and Zavyalov Dmitry (at large) being Director of the said DNFBP sometime in May, 2024 in Abuja within the jurisdiction of this Honourable Court, failed to report in writing to the Special Control Unit against Money Laundering (SCUML), a single transfer of the sum of N121,425,200.00 (One Hundred and Twenty One Million, Four Hundred and Twenty Five Thousand, Two Hundred Naira) paid into Udatson Nigeria from account no. 1013726291 operated by Aluminium Smelter Company Of Nigeria Plc as specified under section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022 and you thereby committed an offence contrary to and punishable under sections 11 (3), 19(2) (b), and 22 of the same Act.”

EFCC
Lead counsel to the EFCC, Ekele Iheanacho, SAN, told the court that the offences are punishable under sections 11(3), 19(2)(b) and 22 of the Money Laundering (Prevention and Prohibition) Act.
When the charges were read, the company’s Acting Managing Director, Ime Monday Inyang, pleaded not guilty to all six counts on its behalf.
Counsel to the company had asked the court to quash the charges, claiming that the company was innocent of the charges.
In view of the plea, Justice Egwuatu adjourned the matter to January 27, 2027 for commencement of trial.
Dele Oyewale
Head, Media & Publicity
October 12, 2026
Eereporter.com
News
Taiwo Oyedele, Cardoso Meet World Bank President Banga on Nigeria’s Shift From Stability to Growth
Taiwo Oyedele, Cardoso Meet World Bank President Banga on Nigeria’s Shift From Stability to Growth
Bangkok, 12 October 2026. The Honourable Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the Governor of the Central Bank of Nigeria, Olayemi Cardoso, met the President of the World Bank Group, Ajay Banga, on Monday. The meeting took place on the sidelines of the 2026 IMF and World Bank Group Annual Meetings in Bangkok, Thailand, where Oyedele leads Nigeria’s delegation.
Eereporter.com
The meeting reviewed Nigeria’s reform progress and the next phase of its agenda: turning macroeconomic stability into faster growth, more private investment and stronger domestic revenues.
Banga commended the progress of Nigeria’s reforms. He pointed to the rise in private capital inflows from about $300 million in 2023 to nearly $6 billion in 2026, a twentyfold increase.
Oyedele highlighted the rising economic growth and noted that Nigeria’s tax-to-GDP ratio rose from about 7 per cent to 12.5 per cent over the same period. This gives the government more room to fund public investment without resorting to deficit monetisation.
The meeting discussed how Nigeria can make greater use of World Bank guarantee instruments. These guarantees can unlock financing for infrastructure and draw more private capital into the domestic market.
Power infrastructure and human capital were identified as priorities for continued public investment, given their importance to business competitiveness, productivity and job creation. The meeting also stressed the quality of public spending, so that each naira delivers measurable economic and social returns.

Taiwo Oyedele, Cardoso
The meeting is part of the Federal Government’s wider engagement with development partners to lock in reform gains and attract new investment. As Nigeria moves from stability to growth, the priority is to turn stronger fundamentals into productive investment, more jobs and better living standards for Nigerians.
Efe Ovuakporie
Head of Media
Federal Ministry of Finance
12 October 2026
Eereporter.com
News
High Court Dismisses Aisha Achimugu’s Fundamental Rights Suit Against EFCC
High Court Dismisses Aisha Achimugu’s Fundamental Rights Suit Against EFCC
Justice M.S. Liman of the Federal High Court sitting in Abuja has dismissed a fundamental human rights suit filed by Abuja-based businesswoman, Aisha Achimugu against the Economic and Financial Crimes Commission, EFCC.
Eereporter.com
In the originating suit no : FHC/ABJ/CS/466/2026, Achimugu approached the court for determination of whether the defendant, EFCC’s action of searching her house and seizing her cars and jewelries and other items was within the powers of the Commission.
Achimugu also asked the court to enforce her rights to privacy, including an order of the court restraining the defendant from threatening or harassing and invading her private residence.
Part of her claim was for the court to award a N10,000,000,000 (Ten Billion Naira) damage against the EFCC for what she described as invasion of her privacy.
Delivering judgment in the suit on Monday, October 10, 2026, Justice Liman dismissed the suit and held that the defendant has the power to search the plaintiff’s property after receiving intelligence on the alleged criminal activities of the plaintiff. “EFCC has the right to search the residence,” he said.
The judge said that Achimugu and her legal representatives failed to show reason to warrant the kind of damage she demanded from the EFCC and equally dismissed the request for N10 billion damages.
On the whole, Justice Liman agreed that there was nothing that should have stopped the EFCC from carrying out its statutory duties. The court therefore held that the matter lacked merit and was dismissed because “ it is frivolous and it was brought in bad faith”. The damage she sought was also denied.

Federal High Court
Reacting to the judgment, counsel to the EFCC, Emenike Mgbemele said the judgment was in the interest of justice, adding that the suit was a ploy to waste the time of the court.
Dele Oyewale
Head, Media & Publicity
October 12, 2026
Eereporter.com
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