NNPC Foundation Sustains Nationwide Financial Literacy Program for NYSC Members

NNPC Foundation Ltd/Gte., the Corporate Social Responsibility (CSR) arm of NNPC Ltd., in partnership with the National Youth Service Corps (NYSC), has continued its nationwide Financial Literacy Programme aimed at equipping young Nigerians with essential financial management and entrepreneurial skills.
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Speaking during the Batch B, Stream 2 of the programme held at the FCT NYSC Orientation Camp, in Kubwa, Abuja, over the weekend, the Acting Managing Director of the NNPC Foundation, Euginia Dominion, urged participants to leverage the opportunity to build sound financial knowledge and establish sustainable businesses.

Dominion highlighted the programme’s impact since its commencement in 2023 with Kudimata Nigeria Limited serving as the consultant, noting that 531 successful participants received business grants and starter packs in May 2025 following a competitive assessment of their business proposals.

The FCT NYSC Coordinator, Samson Ateli, commended NNPC Limited for the initiative, stressing that the programme has positively transformed the mindset of corps members by promoting financial prudence, self-reliance and entrepreneurship.

With more than 1.3 million corps members already trained, the Financial Literacy Programme is helping to bridge the gap in financial knowledge among Nigerian youths while creating pathways to entrepreneurship and job creation.

Corps Members

The initiative demonstrates the NNPC Foundation’s commitment to youth empowerment and its broader contribution to Nigeria’s economic growth by preparing young Nigerians to become financially responsible citizens, entrepreneurs and employers of labour.
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Obi-Kwankwaso Defection: Recalibration That Could Redefine The Country’s Power Structure

Obi-Kwankwaso surge; the defection storm that could upend Nigeria’s political system.

Politics does not whisper at defining moments; it roars, demanding bold choices and decisive turns. Today, the evolving journeys of Mr. Peter Obi, presidential candidate of the Labour Party in the 2023 elections, and Senator Rabiu Musa Kwankwaso, flagbearer of the New Nigeria Peoples Party in that same contest, capture the urgency of this moment.

This is not a quest for mere relevance or routine recalibration; it is a high-stakes pivot and a deliberate search for a credible platform capable of bearing the weight of a serious national challenge and reshaping the country’s political destiny.

What many once dismissed as improbable is now gaining the texture of inevitability: a broad, reform-minded alliance anchored on the convergence of supporters of Obi and Kwankwaso, now christened the OK Movement. This is no ordinary political maneuver; it is a recalibration that could redefine the country’s power structure while opening a path toward a more inclusive and stable democratic order.

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Both figures have, in recent cycles, moved away from their former party homes, briefly converging within the African Democratic Congress (ADC) and now gravitating toward the National Democratic Congress (NDC). Kwankwaso’s migration from the NNPP to the ADC was not merely symbolic; it signaled that the old political camps were no longer fit for purpose. As he put it, “We left the NNPP because of externally influenced legal challenges that made our stay perilous.”

Obi’s departure from the Labour Party to the ADC further consolidated what many hoped would become a formidable coalition. However, the ADC, rather than emerging as a stable opposition platform, became entangled in internal disputes, legal battles, and structural inconsistencies that many insiders now describe as unreliable. Explaining his exit, Obi noted: “My decision to depart from the ADC was not due to personal issues with the party leadership… but was driven by unresolved political conflicts and recurring legal and internal disputes that distracted the party from national issues.”

What we are witnessing is not indecision; it is strategic migration, a revolt against weak platforms and a determined search for a viable electoral vehicle. The ADC phase offered proof of concept, an early coalition impulse, but also exposed the limitations of platforms lacking internal cohesion. By contrast, the emerging NDC option presents itself as a more structured vehicle and one that promises clarity of leadership, a predictable primary process, and an institutional spine capable of sustaining a national campaign.

With this shift, a potential exodus of key members from the ADC appears imminent, further weakening a party already burdened by litigation over its leadership. Yet, the true engine of this moment is not party labels rather it is people. The fusion of the Kwankwasiyya Movement and the Obidient Movement represents one of the most compelling political alignments in contemporary Nigeria.

Kwankwasiyya brings disciplined grassroots organization, particularly across northern constituencies, with a proven record of loyal and enduring mobilization. The Obidient Movement, by contrast, is youthful, decentralized, digitally savvy, and driven by a reformist ethos that prioritizes transparency, competence, and accountability.

Together, they offer a rare synthesis: structure meets spontaneity; regional strength meets national reach; experience meets aspiration. In electoral terms, this alignment has the potential to consolidate a broad alliance cutting across geography, class, and generation. In governance terms, it could nurture a culture that blends technocratic discipline with active citizen engagement. This is precisely the mix many analysts argue Nigeria needs to move from cyclical contestation to sustained development.

This is where the NDC’s proposition becomes pivotal. Beyond serving as a landing ground, the party is positioning itself as an enabling architecture. Its most significant offering to an Obi–Kwankwaso ticket is not merely access, but assurance: a transparent pathway to nomination, a commitment to internal democracy, and a platform anchored on policy coherence rather than factional bargaining.

In a political environment often defined by contentious primaries and legal disputes, such guarantees can be decisive. They reduce uncertainty, attract broader coalitions, and allow candidates to focus on articulating a national agenda rather than navigating intra-party conflict.

The potential implications for electoral success are considerable. A unified ticket anchored on these two leaders could redraw Nigeria’s political map by aligning northern organizational strength with southern reformist momentum. It could also recalibrate voter psychology, shifting the narrative from fragmented opposition to a credible alternative. In many democracies, it is this moment of perceived viability that transforms enthusiasm into votes.

Obi-Kwankwaso

More importantly, the NDC offers narrative clarity. In modern politics, perception is shaped not only by what a movement stands for, but by how clearly and consistently it communicates its purpose. By providing a structured environment, the party enables the OK Movement to maintain message discipline while articulating a vision centered on economic reform, governance efficiency, and national unity. This clarity could convert widespread goodwill into measurable electoral support.

Analytically, the implications of this convergence are significant. Nigerian elections are often decided at the intersection of structure and sentiment. The Obidient Movement brings the sentiment, an energized, emotionally invested base seeking change.

Kwankwasiyya contributes the structure, a disciplined network capable of translating enthusiasm into votes. Their alignment, under a stable platform, creates a political equation that could fundamentally alter electoral dynamics.

Globally, such alignments have often catalyzed both electoral success and political stability. In diverse democracies, coalitions that bridge ideological, regional, or generational divides have demonstrated an ability not only to win power but to govern with a broader mandate. Their strength lies in inclusivity: carrying multiple constituencies along, reducing post-election tensions, and fostering shared ownership of governance.

In Kenya, intense political rivalry gave way to alliance arrangements that restored stability, most notably the 2008 power-sharing framework between Mwai Kibaki and Raila Odinga. In South Africa, the Government of National Unity in the 1990s brought former adversaries together, stabilizing a fragile transition and laying the foundation for enduring democratic institutions.

The lesson is clear: alliances are not easy, but when thoughtfully constructed, they can transform fragmentation into functionality. They convert competition into shared responsibility and create the conditions for stability.

For Nigeria, the Obi–Kwankwaso surge represents a similar possibility. It offers an opportunity to move from fragmented contestation to coordinated engagement, from narrow political calculations to a broader national vision, one grounded in competitive credibility rather than entrenched dominance.

No movement is without challenges. Alliance management demands discipline, compromise, and clear decision-making frameworks. Messaging must remain consistent, expectations must be managed, and internal cohesion must be actively maintained. Yet, these are the natural tests of any serious political enterprise.

What matters is the direction of travel and here, it is unmistakable: toward consolidation, credibility, and a reimagined political center.

The defection storm, therefore, should not be seen merely as instability. It is a manifestation of political evolution and a sign that actors are responding to the demands of a changing electorate. It reflects a growing insistence on platforms that can deliver not just participation, but performance.

In the final analysis, the Obi–Kwankwaso surge is more than a moment; it is a message. A message that Nigeria’s political space remains open to reinvention and that that alliances can be rebuilt, narratives reshaped, and power redefined.

As the storm gathers strength, one truth stands out: this is not simply about upending an existing order. It is about constructing a new one: more inclusive, more responsive, and more aligned with the aspirations of the Nigerian people.

And as the OK Movement weighs its next steps, the path forward becomes clearer. The future of Nigeria’s political contest will not be decided by rhetoric alone, but by the ability to align vision with structure, energy with organization, and aspiration with execution.

In that sense, the journey from the ADC to the NDC is not merely a change of address. it is a statement of intent: an intent to move from possibility to preparedness, from momentum to machinery and from movement to mandate.

EFCC Arraigns Former SKye Bank Chairman, Tunde Ayeni For N15.6b Fraud

The Economic and Financial Crimes Commission, EFCC, on Monday, May 4, 2026, arraigned a former Chairman, Board of Directors of the defunct Skye Bank Plc, Tunde Ayeni before Justice Jude Onwuzuruike of the Federal Capital Territory, FCT, High Court, Apo, Abuja.

Ayeni was arraigned on a 17-count charge bordering on criminal breach of trust, misappropriation and conversion of investors’ funds to the tune N15,665,085,429 (Fifteen Billion, Six hundred and Sixty five Million, Eighty five thousand, Four Hundred and Twenty-nine Naira (N15,665,085,429).

Prosecution counsel E.E. Iheanacho, SAN, informed the court that the matter was slated for arraignment and prosecution ready for trial.

“We have before the court 17-count charge dated April 28, 2026, we humbly apply that the charge be read to the defendant”, he said.

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Count three of the charge reads: “That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc between 21st of October, 2014 and 19th November, 2014 at Abuja within the jurisdiction of this Honourable Court and having dominion over depositors funds domiciled in the defunct Skye bank Plc’s Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the aggregate sum of Three billion, Two hundred and One million, Five Hundred and Thirty Five Thousand, Four Hundred and Twenty Nine Naira, Forty two kobo(N3,201,535,429.42) by transferring same to Misa Limited’s account No: 1011295717 and 1011295718 domiciled with Zenith Bank in Violation of the Prudential Guidelines and other regulations and thereby committed an offence contrary to Section 311 of the Penal Code and punishable under Section 312 of the same Act.

Count five of the charge reads: “That you Tunde Ayeni, whilst being the Chairman, Board of Directors of the Defunct Skye Bank Plc on or about 27th November, 2014, at Abuja within the Jurisdiction of this Honourable Court and having dominion over depositors’ funds domiciled in the defunct Skye bank Plc’s Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the sum of Five Billion, Seventy Eight million, Five hundred and Fifty thousand Naira(N5, 078,550,000) by transferring same to Union Registrar Limited’s Account No: 0003490559 domiciled with Union Bank in violation of the Prudential Guidelines and other Regulations and thereby Committed an offence contrary to Section 311 of the Penal Code and Punishable under Section 312 of same Act.”

Fraud

Ayeni pleaded “not guilty” to the charges when they were read to him.

In view of his “not guilty” plea, Iheanacho prayed the court for a trial date and urged the court to remand the defendant in a Correctional Centre.

Defence counsel, Ahmed Raji Bashir, SAN, informed the court that the charge was given to the defendant on a public holiday adding that he considered it imperative to inform the court. He also prayed the court to release the defendant to him or return him to the custody of the EFCC.

Justice Onwuzuruike adjourned the matter to May 13, 2026, for hearing of the bail application, while the defendant was remanded at the Kuje Correctional Centre pending determination of bail application.