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PDP Calls for Tinubu’s Disqualification, Says APC Candidate Stole $1m Belonging to Lagos
The Peoples Democratic Party (PDP) claims that Bola Ahmed Tinubu, the Presidential candidate for the All Progressive Congress (APC) allegedly stole the sum of $1 million belonging to Lagos State through a reported SPV Company, Soft Alliance. They urged that he should be disqualified from the presidential race on account of corruption.
This was disclosed in a statement on Wednesday by the spokesperson to the Atiku PDP Presidential campaign, Kola Ologbondiyan.
He added that the PDP in the coming days will not hesitate to tell Nigerians of the corrupt practices as well as a list of SPVs by the APC candidate.
Real Mr. SPV: Ologbondiyan claimed Tinubu is the “Real Mr. SPV”, saying that he is a Nigerian ” Artful dodger”. He added:
“Bola Tinubu, sensing that his many corrupt activities, especially his fleecing of Lagos State with many Special Purpose Vehicle (SPV) companies were about to come to light, rushed to hire a serial blackmailer, as he has always done, to foul the public space with fabricated allegations against Atiku Abubakar.”
$1 million: They added that Tinubu also moved funds belonging to Lagos State into a domiciliary account owned by the APC presidential aspirant.
”It is now in public space how Bola Tinubu allegedly used a reported SPV company, Soft Alliance, to steal a whopping $1 million belonging to Lagos State through an account 0015778102 in a third-generation bank and how the sum of $826,000 belonging to Lagos State was also reportedly moved to a domiciliary account 0036620785 allegedly owned by Tinubu in a first-generation bank with the number in a three-day lodgment scheme.”
Disqualification: The PDP also called for an apology from the APC to Atiku Abubakar, urging him to listen to the voice of reason and withdraw from the Presidential race.
“In the days ahead, our campaign will not hesitate to furnish Nigerians with a compendium of corrupt practices as well as the list of SPVs used by the APC candidate to loot public funds in key government agencies thereby depriving Nigerians the benefit of our national patrimony.”
“Now that Tinubu’s evil diversionary scheme against Atiku Abubakar has failed and Nigerians have seen that there is no iota of truth in his allegation against Atiku Abubakar, our campaign demand that Tinubu should tender an unreserved apology to Atiku Abubakar, he should listen to the voice of reason and withdraw from the Presidential race.”
”If anyone is to be arrested and disqualified from the presidential race on account of corruption, certainly, that person is not Atiku Abubakar but Bola Tinubu.”
Nairametrics
World-renowned boxer Anthony Joshua on Monday survived a ghastly road accident in Makun, Ogun State.
Eyewitnesses report that the incident occurred along a busy highway of the Lagos-Ibadan expressway.
The vehicle carrying Joshua, a Lexus Jeep with the number plate, KRD 850 HN, reportedly collided with a stationary truck under circumstances that are still being investigated.
Joshua reportedly sustained minor injuries, while two persons were said to have died on the spot.
Former Vice President Atiku Abubakar has cautioned that any attempt to hurriedly re‑gazette Nigeria’s new tax laws could undermine parliamentary oversight and set a dangerous constitutional precedent.
Atiku’s warning follows public scrutiny over reports that the Tax Reform Acts signed by President Bola Tinubu differ from the versions passed by the National Assembly. Lawmakers, including Abdussamad Dasuki, raised concerns that the alterations could pose serious legal and constitutional risks, noting that they were not backed by any constitutional framework.
In a statement on X, Atiku said the directive to re-gazette the Acts effectively confirms “that the gazetted version of the Tinubu Tax Act does not reflect what was duly passed by the National Assembly,” calling it “a grave constitutional issue.”
He emphasized that under Section 58 of the 1999 Constitution, a bill only becomes law after passage by both chambers, presidential assent, and gazetting.
“Gazetting is merely an administrative act of publication. It does not create, amend, or validate a law,” Atiku said, adding that any post-passage insertion, deletion, or modification without legislative approval constitutes forgery rather than a clerical error.
Atiku further warned that rushing a re-gazetting while legislative investigations are ongoing “undermines parliamentary oversight and sets a dangerous precedent,” stressing that the only lawful approach is “fresh legislative consideration, re-passage by both chambers, fresh presidential assent, and proper gazetting.”
The former vice president clarified that his position is not opposition to tax reform but a defence of constitutional order.
“This is a defence of the integrity of the legislative process and a rejection of any attempt to normalise constitutional breaches through procedural shortcuts,” he said.
The Federal government has denied wrongdoing, insisting the laws will take effect as scheduled on January 1, 2026, while the National Assembly has directed the issuance of Certified True Copies of the Acts to ensure clarity and accuracy.
Barring unforeseen circumstances, the Labour Party (LP) Presidential Candidate in the 2023 elections, Mr. Peter Obi, is set to formally join the African Democratic Congress (ADC) on December 31, 2025.
The development would put to rest months of speculation about where the former Governor of Anambra State would pitch his tent in the coming elections.
Reports claim that Obi would be defecting with serving senators and other lawmakers elected on the platform of the LP, as well as remnants of the Peoples’ Democratic Party (PDP) in the South East region.
Specifically, Obi would be defecting alongside the Senator representing Anambra Central, Victor Umeh; that of Anambra North, Tony Nwoye; Abia South, Enyinnaya Abaribe; PDP chieftain Ben Obi; and members of the Obidient movement in the region.
It is not clear if the Abia State governor, Alex Otti, is part of the planned movement to the ADC.
The governor was recently approached by the PDP to join the party and re-contest his current position in 2027.
Further reports quoted Obi’s spokesperson, Valentine Obienyem, as confirming the planned defection of his boss to the ADC.
“Yes, it is true,” he reportedly said on Sunday.
Senator Umeh said the event would hold in Enugu, adding that it would involve all Obi’s supporters across the South East region.
“They will come from Abia, Anambra, Ebonyi and Imo states to join those in Enugu, where this exercise will hold on 31st December,” he reportedly added.
Sources hinted that Obi, who has not hidden his intention to appear on the ballot in 2027, would contest the presidential ticket of the ADC.
On his part, Chief Chekwas Okorie, reportedly said that the expected formal defection of Obi to the ADC is a healthy development that could reshape the thinking and permutations of the 2027 general elections.
“I imagine that he would be defecting along with most of his associates and followers. I believe that a fortified and strong ADC will add value to the opposition and assuage the general fear of a possible one-party option to Nigerians come 2027. The APC, ADC and possibly the PDP locking horns in the 2027 democratic encounter promises a vibrant and robust electioneering campaign that will provide Nigerians the required options to make informed choices in electing their preferred leaders at all levels. I imagine that the APC leadership will return to the drawing table to map out the strategy to confront the emerging challenge. Nigerians are in interesting times,” Okorie stated.
National President of Njiko Igbo Forum (NIF), Rev Okechukwu Obioha, vouched support for Obi to ensure he reaches the pinnacle of his political career. He, however, cautioned that the ADC should not compromise merit and integrity in the choice of its presidential candidate, stressing that Obi remains the “hope for the restoration of the country on the path of greatness.”
