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2027 Presidential Election: We’ll resist any plot to stop Obi on ballot, Obidients reply Bwala

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Fans and supporters of the 2023 presidential candidate of the Labour Party, Peter Obi, popularly known as the Obidients, have vowed to resist any plot to stop Obi from being on the 2027 presidential ballot.

They were reacting to a boast by Daniel Bwala, Special Adviser on Policy Communication to President Bola Tinubu, that Obi would not get the ticket of any party in 2027.

Bwala, who made the claims while featuring on Channels Television Wednesday, said the former Anambra State Governor would only serve as a Director-General in the coalition-backed African Democratic Congress (ADC).

He also claimed that Obi had lost 50% of his voters in 2023, adding that in 2027, President Tinubu would get up to 2 million votes from the South East, hitherto considered Obi’s stronghold.

Bwala had claimed, “As I tell you, he’s not going to get a ticket in any of the parties. That is Peter Obi. The problem now is that he might not even get the vice presidential ticket from the way things are going, but whether Peter Obi is a ticket bearer of the party, he has lost more than 50% of his votes because they were not votes that were built on agenda and politics. They were built on rhetoric and division, and Nigerian people’s eyes are open.

“You see the South-East, I guarantee you, President Bola Tinubu is going to get more than four times, if not six times, the value of the vote he got. He’ll get up to two million,” Bwala said.

But in a swift reaction, one of the State Coordinating Council Collegiate team members of the movement in Abia, Dr Chibuzor Obiesili, said that the “emphatic statement by Bwala that Obi would not get any party’s ticket is suspicious”.

Challenging the presidency “to come clean on the suspicious remark or be held accountable for it”, Dr Obiesili vowed that the Obidients Movement would stoutly resist any attempt to undermine Obi’s 2027 presidential ambition.

“Is Bwala now telling Nigerians that the presidency determines who gets a party ticket in 2027? Obiesili queried.

He faulted Bwala’s claims that Obi had lost 50% of his South East voters, dismissing the claims as “wishful thinking and empty political hallucination”.

According to Obiesili, “Obi’s support and followership are not only intact but swelling nationwide.”

“Bwala should stop hallucinating; Obi is not losing but gaining more support. His national appeal is so organic that even those who were not part of it before are now among the key drivers,” he claimed.

He said that “the Obidients’ Movement is stronger now among states and regions which were not supportive in 2023, having realised the truth.”

“In case Bwala is not aware, many Nigerians who were deceived by APC’s fake change in 2023 are now more obedient than the Obidients.

“2023 was an Obi wave, but 2027 shall be an Obi tsunami because Nigerian voters now know and understand better. Like Bwala rightly mentioned in his TV show, the eyes of voters have opened. They have realised that the change promised by APC is not real change; it’s a chain!”

Continuing, Obiesili said, “Bwala will be living in self-denial if he thinks Obi won’t be on the 2027 ballots,” adding that “nobody is more presidential material than Obi.”

He wondered why “Obi is always the headache of the presidency if truly his popularity is waning as Bwala and his fellow foot soldiers are purporting.”

“The presidency should stop pretending. It’s obvious that Obi’s ever-increasing popularity and national acceptance have remained their nightmare. But Nigerians are resolute about the coming tsunami that will birth the desired change.”

According to him, the building momentum for Obi is informed by his dream for a new Nigeria where accountability, transparency and performance will be cherished.

“The Obidients Movement is about a new Nigeria; it’s a national project to rescue Nigeria from political hijackers and reset the country; it’s a patriotic movement to make Nigeria great again! It’s a movement that is blind to tribe, religion or culture. All patriotic citizens who believe in Nigeria are queuing behind the movement,” he said.

He also told the presidency to stop making false claims of imaginary votes for Tinubu ahead of 2027, alleging that such wild claims have suspicious motives.

“Bwala’s claims of 2 million votes for Tinubu in the South East are as suspicious as Dr Nicolas Felix’s boast of 15 million votes for the President in 2027. The presidency should not forget that Tinubu lost the South East in 2023, and his policies have not made life better for the citizens in that region nor in any region to generate the imaginary millions of votes they are claiming. This is suspicious and calls for explanations.”

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National Pension Commission (PenCom) changes price disclosure rule

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National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to discontinue the publication of daily unit prices for Retirement Savings Account (RSA) and Retiree Funds on their websites, replacing the requirement with a six-month disclosure of returns based on a three-year rolling average.

The directive was contained in a circular issued by the commission.

Under the new guideline, PFAs must stop implementing Section 2.0 (iv) of the Commission’s March 23, 2013 circular, which required them to display daily unit prices for the last seven days.

Instead, they are to publish on their websites the last six months’ rate of return — calculated as a 36-month compounded rolling average in line with the Circular for the Calculation and Reporting of Rate of Returns by Licensed Pension Fund Operators (LPFOs).

According to the commission, the rate of return must be clearly displayed on the homepage of each PFA’s website.

For instance, the six-month disclosure covering April to September 2025 would reflect the 36-month compounded returns ending in each of those months.

This has however raised transparency concerns in the pension industry.

The 2013 circular on Minimum Information to be displayed on PFA Websites formed part of PenCom’s transparency framework for the Contributory Pension Scheme.

The latest addendum modifies that requirement but does not remove PFAs’ obligation to disclose performance information.

Industry watchers say the development may reignite debate over the balance between long-term investment reporting and real-time transparency in Nigeria’s pension industry.

All enquiries on the addendum, the Commission said, should be directed to its Surveillance Department.

An industry analyst who does not want her name mentioned said the move could reduce contributors’ access to real-time performance data.

She said: “Daily unit prices allowed RSA holders to independently track short-term movements and detect fluctuations in fund valuation.

“With only a three-year rolling average now required, contributors will no longer see recent performance in isolation”, she noted.

The analyst added that while pension funds are long-term vehicles, removing daily disclosure raises concerns about information asymmetry.

“PFAs will still compute daily valuations internally. The issue is whether contributors should be denied access to data that already exists,” the analyst said.

However, another pension expert defended the directive, noting that pensions are structured for long-term accumulation and should be assessed over extended periods.

“A 36-month rolling average smooth’s out short-term volatility and provides a more accurate reflection of sustained performance,” the expert said, warning that excessive focus on daily fluctuations could encourage reactionary fund switching.

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Dollar rises in black market on Monday, traders quote new exchange rate

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Dollar edges higher against the naira in black market trading Dollar edges higher against the naira in black market trading

The United States dollar at the parallel market increased in value on Monday, Febuary 23 with traders quote at N1,375/$ as the new selling exchange rate.

The new rate is a slight depreciation for the naira when compared to N1,343 a dollar market closed on Friday, February 20, 2026.

Abdulahhi, a forex dealer, told Legit.ng that the new exchange rate follows renew demand in the market.

“I am currently selling dollars at N1,375/$1 and buying at N1,355/$1. The pound is trading at N1,845 to sell and N1,805 to buy, while the euro is also moving steadily in the market.

“It seems this week the dollar will return to over N1,400. I have been getting a lot of request.”

The fall of the naira comes as BDC operators continue to face difficulties in accessing dollars from commercial banks.

BDCs can get dollar

The apex bank had previously issued a circular allowing licensed BDCs to access foreign exchange through authorised dealers at the prevailing market rate.

Under the directive, each BDC is permitted to purchase up to $150,000 weekly, subject to Know Your Customer (KYC) requirements and due diligence checks, Punch reports.

Leadership reported that despite a policy announcement, some operators disclosed that no transactions have been completed under the new arrangement.

A BDC operator, who requested anonymity, said the directive remains largely unimplemented. According to him, the circular provides that disbursements will be made through settlement accounts, a provision that has raised operational concerns.

He questioned the feasibility of seamless, real-time transfers between domiciliary accounts across different banks, noting that such infrastructure may not yet be fully in place.

The operator added that while commercial banks appear supportive of the policy, many are still developing internal processes to align with the CBN’s directive.

He explained that BDCs are required to submit bid orders through their banks, which would then access the market on their behalf.

Naira in the official market

Meanwhile, in the Nigerian Foreign Exchange Market (NAFEM), the naira closed against the US dollar on Friday, February 20 at N1,346.32/$1 from N1,341.35/$1 a day earlier.

At the GTBank FX desk, the naira weakened by N7 against the dollar to quote N1,356/$1.

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