Economy
Saraki Reacts As Okowa Abandons PDP, Atiku
Saraki Reacts As Okowa Abandons PDP, Atiku
Saraki reacts as Okowa abandons PDP, Atiku. NIGERIA EXPERIENCING A COLLAPSE OF LEADERSHIP
The former Senate President and Ex-Governor of Kwara was reacting to the wave of defections from the PDP in a statement he personally signed on Thursday night.
Nigeria experiencing a collapse of leadership, those who intend to leave the Peoples Democratic Party (PDP) should exit now to allow loyalists to rebuild the opposition party.
On Wednesday, Sheriff Oborevwori, the incumbent governor of Delta, left the PDP for the All Progressives Congress (APC), while Okowa is set to join the ruling party soon.
Oborevwori succeeded Okowa as the governor of Delta after winning the 2023 election on the platform of the Peoples Democratic Party (PDP).
Saraki said he had received numerous calls from concerned party members and young supporters of democracy about the recent defections in the Delta State chapter of the PDP.
He wrote: “Following the development in the Delta State Chapter of our party, the Peoples Democratic Party (PDP), I have been inundated with phone calls from leaders and members of our party as well as various youths who have been active in promoting democracy and good governance in our country.
Many of the callers want to know what my reaction is to the defection of top PDP leaders in Delta State and its impact on our party.” Amid Rumours of Planned Defection to APC
“My view is that those who want to leave the PDP should leave now and let the rest of us who want to stay concentrate on rebuilding the party and refocusing it to play the role of a viable opposition that will provide a better alternative for the good people of Nigeria.”
“I am convinced that it is important for all Nigerians to work for the sustenance of democracy. And to sustain democracy, there must be viable choices for people at every point. Also, there must be a viable opposition to keep people’s hope alive and create credible alternatives to keep the government on its toes.
A one-party state as being disingenuously designed by some people will not augur well for a multi-ethnic, multi-lingual, multi-cultural, multi-religious, and highly diversified society like ours. It is even more dangerous when we eliminate alternatives and make people hopeless.”
“Therefore, it is in the interest of Nigeria and the survival of our democracy for the opposition to be vibrant and strong enough with the capacity to replace the ruling party at any point. Thus, my charge to our party members is that the PDP is merely experiencing a rebirth. Those who want to leave the party should go and let those of us remaining have a clear view of who we are talking to and where their political loyalty lies.
All we need is for those who want to stay back in PDP to show commitment and we can all work to rebuild the party.” “This development has vindicated the stance of people like me who have decided to remain silent and watch events unfold.
I have seen that there was no sincerity with supposed leaders of the opposition. One was not sure of the next person one was talking to.” “My appeal to PDP members nationwide is that we should know that the sustenance of democracy is not a sprint.
Rather, it is a marathon. It is not a knock-out football match series. It is a league. 24 hours is a long time in politics and nobody can predict how the dynamics will evolve in the coming weeks and months.
That is why PDP members across the country should not be discouraged, disillusioned, disappointed, or demoralised by the development in Delta State. We should stay strong and focus on strengthening the party. It is not necessary at this point to lament why they left.”
“Our party members should also refrain from blaming our woes on the ruling party. That would be a lazy approach. They are playing politics to win elections. It is our responsibility as party members to ignore their antics and seize the moment and momentum to make our party stronger and better.”
“Yes, it is unbecoming and shocking for the running mate to the standard bearer of a leading party to abandon ship to join the ruling party.
This is unprecedented and nobody should try to justify such an act with the talk of being put under pressure. It is simply a sign of how low we have sunk as a polity. The country is experiencing a collapse of leadership values.”
“These developments in the polity are the reason why I have always canvassed the idea that we should emphasize building and strengthening our institutions and not individuals.

Saraki Reacts As Okowa Abandons PDP
With the defection of the governor of Delta State, even if the party has only ten governors in its fold, the PDP is still in a good position to win the next round of elections.”
“Our numerous party members should know that the PDP is better with fewer members who are loyal, sincere, determined, dedicated, and committed to its ideas, ideals, and progress than to have so many who will identify with us in the afternoon and be romancing the ruling party in the night.”
“We still have about two years before the next election. That is a long time in politics. We have enough time to brace up to the challenge. There is nothing that prevents us from getting some governors from the other parties to join our ranks.
My appeal to our young party members is that this defection is just a mere challenge to us to further mobilize and put our house in order.
Also, our women’s wing should seize the opportunity to help in the rebuilding mission. The PDP will come out stronger from this development.”
“I am very sure the various leadership organs of our party will soon make public their reaction to this development and convey the necessary meetings to strategize on how to strongly and strategically respond to it.
Therefore there is no cause for alarm.” Our party members should not lose focus, hope, or the determination to win. We should see the current development as a challenge to rebuild and refocus the party. Tomorrow is very bright.
Signed Dr. Abubakar Bukola Saraki, CON Former Senate President and Waziri of Ilorin
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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