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Rt. Hon. Mudashiru Ajayi Obasa

Interest Groups Vow To Resist Lagos State Assembly Speaker’s Move To Illegally Substitute Names Of Winners Of APC Primaries

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Interest Groups Vow To Resist Lagos State Assembly Speaker’s Move To Illegally Substitute Names Of Winners Of APC Primaries—-Interest groups have warned the incumbent Speaker of Lagos State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa to stay clear from substituting names of winners in the recent primary elections in Lagos State with the names of his cronies as candidates. The groups vowed to mobilise Lagosians for justice to reign if the alleged plans by the Lagos State House of Assembly Speaker sails through.

To this end, a Lagos based civil rights movement and democracy watch collaborated with another group known as ‘Progressive Lagos for Justice and Fair Play’ to outrightly condemn in strongest terms the alleged post election activities of the Speaker, Rt Hon. Obasa

The Group has threaten to expose the Speaker to the leadership of the All Progressive Congress (APC) Lagos state, the state Governor, Mr. Babajide Sanwo-Olu, the Governor’s Adversary Council, and all party stakeholders on the plan by the Speaker of the Lagos state House of Assembly to substitute names for already acclaimed winners in the just concluded Party Congresses as candidates for the State Assembly election coming up next year.

In another joint press statements signed by Wasiu Adebanjo and Comrade Kunle Fadipe and Latifat Odumosu which red in part, “We wish to appeal to every Progress Lagosians, Democrats and to all it may concern to urgently rescue the democratic process in Lagos state Assembly from the activities of the incumbent Speaker of Lagos State House of Assembly Rt. Hon. Obasa against changing the names of successful winners announced by the Independent National Electoral Commission (INEC)

The group wondered why the Speaker who is lawyer and a law makers should throw caution to the wind and subvert the will of the masses as exercised through the recent party Congress two weeks ago where some of the candidates that emerged victoriously and being secretly changed to favour about 7 of his cronies against the names of those who have been duly declared winners in the Congress.

It will be in the interest of justice and fair play that Rt. Hon Obasa respect the rights of the Lagosians and their rule of engagement. If the All Progressive Congress Party at the national level can respect the process leading to a widely acknowledged credible election for it’s Presidential candidate through the emergence of His Excellency Senator Bola Ahmed Tinubu, the Lagos state Assembly should be allowed by Hon Obasa to run on its own and allow the status quo to suffice.

Hon Obasa should not make himself the poster boy that personifies a greedy and selfish democrat having been in power getting to 3 decades and now exercising such power on fraudulent partway to reward loyalists and destroy excellence with mediocrity.

Rt Hon Obasa is no doubt making a mockery of our electoral process here in a state know for excellence, thereby becoming a complicit in an effort to foist deception to the public with defies honesty, transparency and good faith.

A person with principle and conviction will not be a party to such an unethical arrangement. If he does, it demonstrates his low regard of the people and he should not enjoy their trust.

He has not shown any different from a nuisance candidate who is devoid of any intention to serve our people but to commit an undue advantage over, or wreck the chances of, political opponents.

“It’s high time to review the law or regulation allowing substitution of candidates except those in cases of death or disqualification; otherwise, there will be no honesty and fair play in our elections.

“It is making a mockery of the Lagos APC Congresses and knowingly becoming complicit in an effort to foist fake and perpetrate deception to the public which will never stand no matter his efforts.

“It is disheartening that such action which defy transparency and good faith will come from the Speaker one of the biggest beneficiary of democracy and a that is supposed radiate good principle of rule of engagement at all times against such unethical arrangement.

“We as a group will mobilize Lagosians against this thrust, which questions the rights of the people of Lagos State and brought it under attack”, the group said.

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Kyari Reacts To Senate Arrest Warrant, Says He Notified Committee of Medical Trip Abroad

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Kyari Reacts To Senate Arrest Warrant, Says He Notified Committee of Medical Trip Abroad

 

….Denies Dodging Probe, Pledges to Appear After Treatment

By Adesina Adeleja

 

Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has described the Senate Committee on Public Accounts’ decision to issue an arrest warrant against him as “deeply shocking.”

In a formal letter addressed to the committee chairman, Kyari clarified that he had earlier informed the panel of his inability to appear due to medical treatment abroad.

“I refer to the news of the arrest warrant issued against me during the proceedings of your esteemed Committee today, 10th June, 2026. I am deeply shocked by the issuance of the warrant,” Kyari wrote.
He referenced a letter sent to the committee on May 11, 2026, in which he notified lawmakers that he was receiving medical care outside the country. In that correspondence, Kyari expressed his willingness to honour the committee’s invitation upon his return to Nigeria and offered to provide written responses to any urgent questions through his legal representatives.

“I also expressed my willingness to honour the Committee’s invitation as soon as I return to Nigeria,” he stated. “I wish to reiterate that I remain very willing and ready to honour the invitation of the Committee and to appear before it once I return to the country.”

Kyari firmly denied any attempt to evade the Senate’s invitation, noting that he had not received any fresh summons before the warrant was issued.

“However, I wish to respectfully state that I have neither received nor sighted the said invitation,” he said. “Had the invitation reached me, I would have gladly honoured it.”

The former NNPCL boss explained that his current medical condition has made it impossible for him to appear in person. He urged the committee to channel any questions or requests for clarification through his legal team to ensure prompt responses while he continues treatment abroad.

Kyari assured the Senate of his full cooperation and respect for the legislative oversight process. He pledged to appear before the committee personally as soon as his health permits.

Defence of Tenure

In the letter, Kyari also defended his leadership of the national oil company, stating that his team transformed NNPCL from a loss-making entity into a profitable commercial organisation. He added that all transactions during his tenure were properly documented and remain available for scrutiny at the NNPCL.
“I remain deeply grateful to my country for the opportunity afforded me to serve with utmost diligence and commitment,” he said.

Background

The Senate Committee on Public Accounts issued the arrest warrant after Kyari failed to appear at its sitting. The panel is investigating financial records and transactions of the NNPCL, including allegations surrounding over ₦210 trillion.

The motion for the warrant was moved by Senator Victor Umeh and seconded by Senator Adams Oshiomhole.

Kyari’s latest response appears aimed at dispelling suggestions of deliberate non-cooperation, attributing his absence primarily to health reasons and possible communication gaps regarding subsequent invitations. He has maintained that he has nothing to hide and remains committed to assisting the investigation.

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

 

Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.

With this performance, Alpha Morgan Bank did not only break-even within an exceptionally short period, but also delivered what is believed to be a record-setting early-profit performance in the Nigerian banking sector, underlining the strength of its strategy, the discipline of its execution and the confidence the market has placed in its business model.

The Bank’s strong debut performance was supported by robust growth across key financial and operating indicators. Highlights of the 10-month financial statement include customer deposit of over ₦103BN, gross earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio of 0%.

The performance was driven largely by strong synergy in customer acquisition and branch expansion, a deliberate focus on growth in demand deposits, creation of quality risk assets and balance sheet efficiency. These achievements were further supported by robust operational processes powered by sound technology and systems, management depth and expertise, experience and strategic oversight provided by the Bank’s Board.

Speaking on the performance, the Managing Director, Ade Buraimo, described the result as a significant validation of the Bank’s vision, business model and execution capacity.

“This is more than a financial milestone; it is a strong statement of what is possible when vision, discipline, sound execution, and market opportunity come together. From inception, Alpha Morgan Bank was built to be a commercial bank that is solution-driven and committed to delivering value at scale. To record a PBT of N1.9 billion in our first 10 months of operations is both historic and deeply encouraging. It reflects the dedication of our people, the trust of our customers and the solid foundation we have laid for long-term growth.”

 

 

 

About Alpha Morgan Bank

Alpha Morgan Bank is a customer-centric, innovative, and solutions-driven commercial bank, with a clear commitment to delivering “Satisfying Banking.”

Alpha Morgan Bank commenced operations in March 2025 with the rare distinction of regulatory approval for 14 branches across the country. This early footprint, combined with disciplined market execution, has enabled the Bank to build momentum across key business segments in record time.

Alpha Morgan Bank focuses on:

  • Human-Centred Technology: Digital tools designed for intuitive, everyday relevance and not vanity metrics.
  • Transparent Operations: From pricing to service promises, every process is clear, accountable, and customer friendly.
  • Customer-Centric Innovation: Continuously developing solutions and services driven by customer insights to deliver meaningful value and enhance satisfaction.

More than a financial institution, Alpha Morgan Bank positions itself as a partner in progress. Its vision is to drive possibilities, enable dreams, and reemphasize what it means to experience Satisfying Banking in Nigeria.

More about Alpha Morgan Bank on www.alphamorganbank.com

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