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In Defence Of Decency: When They Go Low, First Lady Soludo Stays Spotless

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The popular quote “When they go low, we go high”, attributed to former U.S. First Lady Michelle Obama during the 2016 Democratic National Convention, has become a moral compass in political and public discourse. It emphasizes responding to hostility, personal attacks, or divisive rhetoric with dignity, integrity and higher ethical standards in a political environment often charged with needless acrimony.

These days in Nigeria, stakeholders come to expect a certain level of mudslinging, character assassination, and theatrical accusations by desperados, especially when elections draw closer.

It is, regrettably, part of the playbook. However, even by these degraded standards, the recent wild, reckless, and baseless allegations made by the Anambra State APC deputy governorship candidate, Uche Ekwunife, against the First Lady of Anambra State, Dr. Nonye Soludo, represent a profoundly disgusting new low.

This is not just a political attack, it’s a calculated, misogynistic assault by a fellow woman designed to score cheap political points and inflict personal affront by dragging a woman of impeccable virtue through the mud. It is a tactic born of desperation, devoid of evidence, and utterly contemptible. Against this backdrop of vile innuendo, it is imperative to stand firmly in defence of a First Lady whose life has been a tribute to decency, modesty, and uncompromising integrity.

Dr. Nonye Soludo is not a politician. She is a professional, an entrepreneur, a philanthropist, a devout Christian, and above all, a dedicated wife and mother. To understand the absurdity of Uche Ekwunife’s allegations, which are said to have become her stock-in-trade against any political opponents, one must first understand the woman she seeks to tarnish. According to the First Lady’s own infallible defence statement, for 33 years since being married, she has stood faithfully by her husband, Professor Chukwuma Charles Soludo, CFR, not as a silent accessory but as a pillar of strength, support, and shared values. Their marriage, built on a foundation of mutual respect, faith, and love, has weathered various seasons, from the heights of his celebrated international career to the intense pressures of public service. Through it all, her character has been her constant currency.

Now, to suggest that a woman who has built a life of such consistent moral fortitude would suddenly be “tainted with indecency” is not just false; it is intellectually and morally bankrupt on the part of Uche Ekwunife. It insults the intelligence of every Anambra citizen. Dr. Soludo’s public persona is more than an extension of her private life. Her “Healthy Living” campaign is not a political gimmick; it is a lifestyle she embodies, a philosophy rooted in spiritual, physical, and moral cleanliness. She advocates for family values because she lives them. She speaks of modesty because she practises it. She promotes faith because it is the bedrock of her existence.

Ekwunife’s attack is a classic case of political projection, attempting to smear a pristine reputation to obscure one’s own inadequacies and to distract from the glaring lack of a substantive campaign message. When you have no viable plan for the people, you resort to peddling lies about their leaders. It is a coward’s strategy at its worst.

For Uche Ekwunife, a woman who has been known for all sorts of indignity for years, to be the one levelling this specifically gendered attack is doubly disappointing. It betrays a troubling willingness to undermine the dignity of womanhood for political gain. It sends a message that even women in power are not above using the most toxic stereotypes to destroy other women. This is not feminism; it is its antithesis.

The Soludos have presented Anambra with a model of a modern, supportive, and functional family unit. Theirs are a reflection of a well-guided home. To tear at the fabric of this family with baseless allegations of infidelity is to attack the very social values we claim to hold dear in Anambra. It is an insult to the office of the Governor, the dignity of the First Family, and the sensibilities of Ndi Anambra who can distinguish between rancorous politics and honourable leadership.

We must call this out for what it is: cheap, unsubstantiated verbiage unworthy of a deputy governorship candidate. There is not a shred of evidence provided because there is none to be found. There is nothing, no credible evidence, no history of scandal, because such things do not exist in the world of Dr. Nonye Soludo.

In the court of public opinion, her 33-year record of fidelity, her dedicated service to humanity, and her unceasing commitment to her family endure as an unassailable testimony. These desperate allegations will fade into the obscurity they deserve, remembered only as a shameful footnote in this election cycle. But the character of Dr. Nonye Soludo, the decent woman, the faithful wife, the caring mother, and the compassionate advocate we all know, will endure long after this political storm has passed.

Ndi Anambra must reject this politics of toxicity and demand better. We must defend the decency that should be the hallmark of our public discourse. And we must unequivocally state that some reputations, built over a lifetime of integrity, are not so easily tarnished by the grubby hands of political desperation.

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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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