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“Tinubu’s Ally Fires Back At Peter Obi Over Fuel Price Comments”.
The Special Assistant to President Bola Tinubu on Social Media, Dada Olusegun, has criticised the 2023 Labour Party presidential candidate, Peter Obi, over his comments on rising fuel prices in Nigeria.....KINDLY READ THE FULL STORY HERE▶
In a post on on Saturday, Olusegun described Obi’s remarks as misleading and urged the former Anambra State governor to refrain from commenting on issues he does not fully understand.
The presidential aide was responding to a statement Obi issued on Thursday, in which he blamed Nigeria’s vulnerability to global oil price shocks on the absence of a strategic petroleum reserve and inadequate planning.
Obi noted that petrol, which sold for under ₦1,000 per litre weeks ago, had risen to over ₦1,200 per litre, while diesel prices increased from below ₦1,000 to above ₦1,500 per litre. He attributed the hikes to tensions involving Iran and their impact on global oil prices.
He explained, “Most countries, whether oil-producing or not, maintain strategic petroleum reserves to cushion against supply or price shocks. When there is a disruption in the global oil market, they can release part of these reserves to stabilise supply. Nigeria lacks such a buffer, so the impact is felt almost immediately.”
Obi added that the situation reflected poor planning, saying, “Countries that engage in planning create buffers against shocks, while those that do not remain vulnerable. The old maxim remains true: when a country fails to plan, it has already planned to fail.”
In response, Olusegun dismissed Obi’s position, stating that the recent rise in fuel prices was primarily due to the deregulation of the fuel market following the removal of subsidies by the Tinubu administration.
“The recent increase in fuel prices in Nigeria is not mainly because the country lacks a strategic petroleum reserve. The more immediate factor is that the fuel market is now largely deregulated after subsidy removal,” he said.
He explained that in a deregulated system, petrol prices respond directly to global oil prices, exchange rates, shipping costs, and supply risks. “So when geopolitical tensions involving Iran push global oil prices higher, countries that rely heavily on imported refined products, like Nigeria, inevitably feel the effect at the pump. That is how an open market functions,” he added.
Olusegun also challenged Obi’s portrayal of strategic petroleum reserves, noting that they are typically used only during major supply disruptions.
“It is inaccurate to suggest that strategic petroleum reserves control everyday pump prices. Even countries with large reserves, such as the United States and China, maintain them primarily for serious supply emergencies, wars, embargoes, or major global supply disruptions,” he said.
Acknowledging Nigeria’s structural energy challenges, Olusegun pointed out that the country’s reliance on imported refined petroleum and foreign exchange pressures make it vulnerable to global market fluctuations.
“Nigeria’s real challenge has long been structural. Despite being a major crude oil producer, the country struggles with limited refining capacity and a heavy dependence on imported refined products. This structural imbalance, combined with exchange rate pressures, consistently exposes Nigeria to global price movements,” he said.
Olusegun further criticised Obi for oversimplifying a complex economic issue, adding, “When a former governor reduces a multi-layered global energy issue to a simplistic talking point, it is frankly embarrassing. He should know better.”
He also reminded Obi that he had publicly supported fuel subsidy removal during the 2023 presidential campaign. “The policy framework now allowing prices to reflect market realities is one you publicly endorsed,” Olusegun said.
Finally, he urged Obi to exercise caution when commenting on national economic matters. “Sometimes the wiser choice is to sit out a conversation rather than make uninformed statements that malign Nigeria,” he added.
An officer of the Nigeria Security and Civil Defence Corps (NSCDC) has been arrested for allegedly firing gunshots into the air during a confrontation with traders at Kubwa Market in Abuja.....KINDLY READ THE FULL STORY HERE▶
The officer, identified as Onoja Samuel, reportedly arrived at the market armed with a pistol following allegations that some traders had assaulted his wife.
The Federal Capital Territory (FCT) Commissioner of Police, Ahmed Mohammed Sanusi, disclosed the incident while addressing journalists at the command on Wednesday, Naija News reports.
Sanusi said the police received a distress call from Kubwa Market, located in the Bwari Area Council, reporting that a man was shooting into the air.
Following the report, officers attached to the Kubwa Police Division were deployed to the scene, where they arrested the suspect.
According to the police commissioner, preliminary investigations revealed that Samuel holds the rank of Deputy Superintendent of Corps (DSC) in the NSCDC.
He explained that the officer allegedly fired several shots during an argument with the traders.
“During the ensuing argument with the traders, Onoja Samuel, who is a DSC with the NSCDC, fired several shots into the air,” Sanusi said.
The police recovered a CZ pistol and 17 rounds of live 9mm ammunition from the suspect.
Sanusi added that Samuel remained in police custody and would be charged in court upon the conclusion of investigations.
The commissioner also urged personnel of other security agencies operating in the FCT to exercise restraint and notify the police divisions responsible for their areas before conducting authorised operations.
He stressed that effective coordination among security agencies was essential to preventing confrontations and maintaining peace across the territory.
Nigerian gospel singer Laolu Gbenjo has cautioned the public against spreading unverified information about the circumstances surrounding the death of his colleague, Bayonile Bolaji, popularly known as Toluwanisings.....KINDLY READ THE FULL STORY HERE▶
Gbenjo’s warning comes amid growing controversy surrounding the late singer’s death and burial arrangements, with reports of disagreements among members of his family.
The gospel singer spoke on Tuesday during a night of tributes held in honour of Toluwanisings in Ibadan, Oyo State. He warned against allowing the situation to degenerate into a controversy similar to the one that followed the death of Nigerian singer Mohbad.
Describing the deceased as a devoted Christian and a genuine servant of God, Gbenjo said Toluwanisings was passionate about his faith and had a good relationship with people.
He urged the public to stop fuelling unnecessary controversy over the late singer’s death, particularly through social media platforms such as TikTok and Instagram.
“You can never see Toluwani in the midst of jobless people. He had a good heart. He was a friend to everybody. He served the Lord with all his heart. Don’t turn Toluwani into Mohbad. That madness on TikTok and Instagram must stop. If you are jobless, go and look for a job,” Gbenjo said.
Meanwhile, comedians Ayobami Ajewole, popularly known as Woli Agba, and Olamide Oladimeji, also known as Dele Omo Woli, have threatened legal action against individuals allegedly linking them to Toluwanisings’ death.
Woli Agba disclosed this in a public notice shared on his Instagram page on Sunday.
In the notice issued by their solicitors, Gemgold, the comedians warned members of the public against publishing or circulating allegations they described as false and defamatory against them.
The legal notice maintained that the allegations were baseless and intended to damage the reputations of the two entertainers.
The Federal High Court in Abuja has fixed December 2, 2026, for judgment in the ₦1 billion fundamental rights suit filed by former Kaduna State Governor, Nasir El-Rufai, against the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and other respondents.....KINDLY READ THE FULL STORY HERE▶
Justice Joyce Abdulmalik set the date after lawyers representing the parties adopted their respective court processes.
However, El-Rufai’s lawyer was absent when the case was initially called. The judge subsequently deemed the former governor’s filed processes adopted.
Counsel to the ICPC, Abdul Mohammed (SAN), adopted the commission’s court processes and urged the judge to dismiss the suit in its entirety.
Similarly, the lawyer representing the Inspector-General of Police, ACP Ezekiel Rimamsomte, and Maimuna Lami-Shiru, Director of Civil Litigation and Public Law, who appeared on behalf of the Attorney-General of the Federation (AGF), adopted their respective processes and asked the court to dismiss the case.
During the proceedings, El-Rufai’s lawyer, Ubong Akpan, arrived in court and apologised for his lateness.
When Akpan sought the court’s permission to adopt his client’s processes, Justice Abdulmalik informed him that the documents had already been deemed adopted.
The judge subsequently adjourned the matter until December 2, 2026, when judgment is expected to be delivered.
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