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“No Country Is Safe Alone” — Defence Minister Demands Continental Security Front
The Minister of State for Defence, Bello Matawalle, has expressed concern over the escalating security challenges confronting African nations, calling for deeper continental cooperation to address the threat.....KINDLY READ THE FULL STORY HERE▶
Speaking on Monday at the opening of the Africa Chiefs of Defence Staff Conference in Abuja, Matawalle — who represented the Minister of Defence, Mohammed Abubakar — described the threats facing the continent as complex, transnational, and increasingly asymmetric. He stressed that Africa must develop its own security solutions, guided by unity and strong leadership.
According to the minister, Nigeria has consistently taken a frontline role in promoting peace and stability across the region, with its armed forces actively engaged in peacekeeping, counterterrorism, and humanitarian operations both within Africa and beyond.
Matawalle reaffirmed the military’s commitment to building stronger defence partnerships that support peace, development, and democratic governance. He urged African countries to invest in modern technology, including artificial intelligence and cyberdefence systems, to combat extremist organizations such as Boko Haram, ISWAP, Al-Qaeda, and Al-Shabaab.
He emphasized that only digital and indigenous military innovations could effectively counter evolving threats to national sovereignty. “No single country can secure the continent alone. We must share intelligence, build trust among our defence institutions, and take the lead in shaping global security trends,” Matawalle said, urging participants to use the summit as a platform for strategic planning and collaboration.
The Presidency has rejected calls for the sacking of EFCC Chairman Ola Olukoyede following the anti-graft agency’s decision to freeze the Osun State Government’s accounts days before the August 15 gubernatorial election.....KINDLY READ THE FULL STORY HERE▶
The EFCC had placed a “Post No Bill” order on the accounts on Wednesday, citing suspicious transactions and an ongoing investigation since March 2026, asserting its legal right to freeze accounts for 72 hours based on reasonable suspicion. However, President Bola Tinubu intervened on Thursday, directing the commission to unfreeze the accounts and labeling their action embarrassing due to its timing and political optics.
Following this intervention, opposition figures intensified pressure on Olukoyede to resign. Major Agbo, National Chairman of the NNPP, criticized Tinubu’s directive as undermining the EFCC’s independence by creating the appearance that the commission takes orders from the President, while Yunusa Tanko of the Obidient Movement suggested Olukoyede should step down to protect his personal integrity.
Conversely, sources within the Presidency indicated that while President Tinubu was frustrated with the timing of the move, it does not signal the end of Olukoyede’s tenure, with one official noting that a disagreement with the President is not grounds for dismissal.
In a related development, court documents obtained by SaharaReporters revealed that the EFCC had secured a formal order from the Federal High Court in Abuja on Tuesday, August 5, 2026, to freeze three Osun State Government accounts over allegations of public fund diversion and money laundering. This order authorizes the agency to restrict transactions pending the conclusion of its investigation and potential prosecution.
Market sources indicate that parallel market (black market) operators in Lagos traded the dollar at a selling rate of ₦1430 and a buying rate of ₦1415 on Friday, August 7, 2026.....KINDLY READ THE FULL STORY HERE▶
Meanwhile, official rates via the Central Bank of Nigeria (CBN) recorded a high of ₦1367 and a low of ₦1363. Please note that the CBN does not officially recognize parallel market transactions and advises individuals to conduct foreign exchange dealings through authorized banking channels. Actual transaction rates may also vary depending on specific market conditions and locations.
During the inauguration of the Nigeria Democratic Congress (NDC) reconciliation committee, NDC chieftain Buba Galadima revealed that Bauchi State Governor Bala Mohammed is currently straddling the political fence and could potentially align with either the NDC or President Bola Tinubu of the APC for the 2027 polls.....KINDLY READ THE FULL STORY HERE▶
Galadima shared that Governor Mohammed had previously considered defecting after a late-night meeting, but ultimately backed out due to advice against joining a party that already features a strong presidential candidate.
In a separate development, Governor Mohammed recently swore in four new commissioners—Madaki Ahmad Gololo, Bashir Yau, Bashir Adamu Rishi, and Baraya Ibrahim—to fill vacancies left by officials who resigned to pursue political ambitions, were removed, or stepped down voluntarily ahead of the upcoming general elections. Emphasizing integrity and transparency, the governor noted that the appointments ensure continued representation for the affected local government areas in the State Executive Council.
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