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Senator Adeola Refutes Claims of Buhari’s $400bn Debt Allegation
Senator Solomon Adeola, representing Ogun West Senatorial District, has debunked claims suggesting he accused former President Muhammadu Buhari’s administration of borrowing $400 billion to stabilize the naira.....KINDLY READ THE FULL STORY HERE▶
Addressing the issue in a statement released on Monday by his Special Adviser on Media, Mr. Kayode Odunaro,Move to Trash Adeola clarified that he was misquoted during a town hall meeting held in Ayetoro, Ogun State on Saturday, where he addressed constituents in the Yoruba language.
The senator explained that his comments focused on the negative impacts of past fuel subsidy payments and efforts to defend the naira, which he said largely benefited a select few while driving the nation into significant debt. He emphasized that he never directly named former President Buhari or attributed a specific debt figure to his administration.
Adeola further commended President Bola Tinubu’s removal of fuel subsidy and the floating of the naira’s exchange rate, describing them as critical moves necessary to save Nigeria’s struggling economy.
The statement attributed the misinterpretation to errors arising from the translation of his speech from Yoruba to English, noting that most media houses reporting the story were not present at the town hall session.
Reaffirming his respect for Buhari, Adeola acknowledged the former president’s efforts in managing the economy under difficult circumstances.
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Currency Watch: Dollar Holds Firm Against Naira At ₦1,378 Amid Economic Uncertainty!.
On June 26, 2026, the dollar-to-naira exchange rate at the Lagos parallel market, commonly referred to as the black market, saw sellers offering the dollar at ₦1402, while buyers were purchasing it at ₦1391, according to Bureau De Change (BDC) sources. It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize this market and advises individuals to conduct foreign exchange transactions through their respective banks.....KINDLY READ THE FULL STORY HERE▶
Additionally, the CBN’s official rates for the same period ranged from a high of ₦1385 to a low of ₦1376. Please be aware that actual transaction prices may vary and might differ from the figures provided in this report.
Exchange Rate Summary (June 26, 2026)
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Parallel Market (Selling): ₦1402
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Parallel Market (Buying): ₦1391
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CBN Official Rates: ₦1376 – ₦1385
What specific aspect of the current foreign exchange market or its impact on consumer trends would you like to discuss further?
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Betrayal Exposed? Faction Demands Police Probe Into Fraudulent Leadership Claims Sent To INEC!.
The legal firm Ogbeide Associates, representing a faction of the Peoples Democratic Party (PDP), has submitted a petition to the Inspector-General of Police (IGP), Tunji Disu, requesting a formal investigation into PDP secretary Samuel Anyanwu and factional National Chairman Abdulrahman Mohammed.....KINDLY READ THE FULL STORY HERE▶
Key aspects of the petition include:
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Allegations of False Representation: The petition challenges a November 3, 2025, letter sent to the Independent National Electoral Commission (INEC) which falsely claimed that the PDP National Working Committee (NWC) had replaced acting national chairman Ambassador Umar Iliya Damagum with Mohammed.
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Contradictory NWC Records: Petitioners assert that the NWC’s November 1, 2025, emergency meeting actually resulted in the suspension of Anyanwu and three other officers due to alleged anti-party activities, and no record exists to support the claim that Damagum was suspended or Mohammed appointed.
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Legal Precedents: The lawyers referenced an October 10, 2024, Federal High Court judgment that recognizes Damagum as the acting national chairman and prohibits INEC from accepting documents without his signature. Furthermore, they noted that the Court of Appeal upheld the NWC’s suspension of Anyanwu on March 9, 2026.
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Call for Institutional Review: The petitioners have requested that the IGP investigate how INEC processed the contested November 3 letter despite being aware of the existing court orders and the NWC’s official resolutions.
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Stated Objective: Counsel for the petitioner emphasized that the action is intended to address the integrity of public institutions and prevent the use of misleading internal party documentation, noting their readiness to provide supporting court judgments and party records to the police.
Latest News
The Drama Of 2026! Turkey Goes Home Fighting While Ivory Coast And Australia Advance to Knockouts!
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Turkey vs. USA: Despite Turkey securing a dramatic 3-2 victory—their first World Cup win since 2002—they were eliminated from the tournament. The USA, despite the loss, qualified for the Round of 32 and is set to face Bosnia-Herzegovina on July 2.....KINDLY READ THE FULL STORY HERE▶
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Ivory Coast’s Historic Qualification: Ivory Coast advanced to the knockout stage for the first time in their history after defeating Curacao 2-0, with Nicolas Pepe scoring both goals. This result secured them second place in Group E with six points.
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Australia and Paraguay: Australia qualified for the Round of 32 as Group D runners-up following a 0-0 draw with Paraguay. Paraguay’s result keeps them in contention to progress as one of the best third-placed teams.
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Sweden and Japan: Sweden earned a 1-1 draw against Japan, with Anthony Elanga’s strike securing them a spot in the knockout stage as one of the best third-place finishers. Japan advanced as the runners-up of Group F.
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Netherlands vs. Tunisia: The Netherlands defeated Tunisia 3-1, confirming their position at the top of Group F. The Dutch will face Morocco in the next round, while Tunisia was eliminated after failing to earn a point in their three group matches.
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