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JUNE 12: Tinubu Eulogies MKO Abiola, promises to ease subsidy removal pains.

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President Bola Tinubu, on Monday,(today) hailed the winner of the June 12, 1993 presidential election, Chief MKO Abiola.

He described the late businessman who died in suspicious circumstances after his election was annulled by the late Gen Sani Abacha, as the symbol of democracy.

Tinubu, who acknowledged the hardship being faced by Nigerians in the aftermath of the fuel subsidy removal, said his administration will “reward” their sacrifices with “massive investment” in transportation infrastructure, education, regular power supply, healthcare, and other public utilities that will improve their quality of life.

He, however, promised that his administration would be hugely informed by the philosophies of MKO Abiola which “promotes the welfare of the people over personal interests of the ruling class and one where the governed can find personal fulfilment and happiness.”

He said: “In my inauguration address on May 29, I gave effect to the decision taken by my predecessor-in-office to remove the fuel subsidy albatross and free up for collective use the much-needed resources, which had hitherto been pocketed by a few rich.

“I admit that the decision will impose an extra burden on the masses of our people. I feel your pain. This is one decision we must bear to save our country from going under and take our resources away from the stranglehold of a few unpatriotic elements.

“Painfully, I have asked you, my compatriots, to sacrifice a little more for the survival of our country. For your trust and belief in us, I assure you that your sacrifice shall not be in vain. The government I lead will repay you through massive investment in transportation infrastructure, education, regular power supply, healthcare and other public utilities that will improve the quality of lives.

“The democracy MKO Abiola died for is one that promotes the welfare of the people over personal interests of the ruling class and one where the governed can find personal fulfillment and happiness. That is the hope MKO Abiola ignited throughout our country in 1993.”

He, therefore, called on Nigerians to “rededicate ourselves to strengthening this form of government of free peoples that has been our guiding light these past 24 years.

READ FULL SPEECH: President Bola Tinubu’s First Democracy Day Address

1. Fellow Nigerians,

2. It is exactly three decades today that Nigerians went to the polls to exercise their inalienable right to elect a President of their choice to lead the transition from military dictatorship to a representative government of the people.

3. The abortion, by military fiat, of the decisive victory of Chief Moshood Kashimawo Olawale Abiola of the defunct Social Democratic Party (SDP) in the June 12, 1993, presidential election, up to that time, the fairest and freest election in the country’s political evolution, turned out, ironically, to be the seed that germinated into the prolonged struggle that gave birth to the democracy we currently enjoy since 1999.

4. In rising to strongly oppose the arbitrary annulment of the will of the majority of Nigerians as expressed in that historic election, the substantial number of our people who participated in the struggle to de-annul the election signified their fierce commitment to enthroning democracy as a form of government that best ennobles the liberty, the dignity of the individual and the integrity as well as the stability of the polity. The fierce opposition to the annulment of the June 12, 1993 presidential election and the unrelenting pro-democracy onslaught it unleashed was the equivalent of the battle against colonial rule by our founding fathers that resulted in the gaining of Nigeria’s independence in 1960.

5. Just like the anti-colonial movement, the pro-June 12 vanguard demonstrated, once again, the enduring validity of the 19th century historian, Arnold Toynbee’s eternal postulation, that civilization and societies experience progress as they are forced to respond to challenges posed by the environment. The unjust annulment of a widely acknowledged free and fair election was a challenge that elicited resistance by a resurgent civil society, leading ultimately to the attainment of our ‘second independence’ as exemplified by the return of democratic governance in 1999.

6. Fellow compatriots, we celebrate a day that has remained a watershed in our nation’s history, not just today, but for every June 12, for the endless future that our beloved country shall exist and wax stronger and stronger, generations of Nigerians will always remind themselves that the democracy that is steadily growing to become the defining essence of our polity was not gifted to us on a silver platter.

7. We can easily recall the sacrifice and martyrdom of Chief MKO Abiola, the custodian of the sacred mandate that was so cruelly annulled. He sacrificed his life in unyielding, patriotic defense of the ideals of democracy as symbolized in his choice, by his fellow countrymen and women, as their duly-elected President. There was an easier choice for him. It was to forgo the justice of his cause and opt for the path of ease and capitulation in the face of the tyranny of power. To his eternal credit and immortal glory, Abiola said no. He demonstrated the time-tested eternal truth that there are certain ideals and principles that are far more valuable than life itself.

8. Everyday, on this day, down the ages we will recall the several other heroes of democracy such as Kudirat Abiola, wife of Chief Abiola, who was brutally murdered while in the trenches fighting on the side of the people. We remember Pa Alfred Rewane, one of the heroes of our independence struggle and Major General Shehu Musa Yar’Adua (rtd) who were silenced by the military junta while in pursuit of democracy. They gave their yesterday for the liberty that is ours today.

9. The point is that we must never take this democracy for granted. We must forever jealously guard and protect it like a precious jewel. For, a people can never truly appreciate the freedoms and rights democracy guarantees them until they lose it.

10. We have traversed the dark, thorny path of dictatorship before and those who experienced it can readily testify to the unbridgeable gap between the dignity of freedom and the humiliation and degradation of tyranny. True, rancorous debates, interminable wrangling, ceaseless quarrels, bitter electoral contestations may be perceived by some as unattractive features of democracy. But they also testify to its merit and value.

11. This year, we held the seventh in the cycle of elections that have become sacred rituals of our democratic practice in this dispensation since 1999.

12. That the polls were intensely contested is in itself positive evidence that democracy is well and alive in our land. It is only natural that even as those who won and experienced victory in the various elections are elated and fulfilled, those who lost are disenchanted and disappointed. But the beauty of democracy is that those who win today can lose tomorrow and those who lose today will have an opportunity to compete and win in the next round of elections.

 

13. Those who cannot endure and accept the pain of defeat in elections do not deserve the joy of victory when it is their turn to triumph. Above all, those who disagree with the outcome of the elections are taking full advantage of the constitutional provisions to seek redress in court and that is one of the reasons why democracy is still the best form of government invented by man.

14. For Chief MKO Abiola, the symbol of this day, in whose memory June 12 became a national holiday, democracy is eternal.

15. It is about rule of law and vibrant judiciary that can be trusted to deliver justice and strengthen institutions. It has become imperative to state here that the unnecessary illegal orders used to truncate or abridge democracy will no longer be tolerated.

16. The recent harmonization of the retirement age for judicial officers is meant to strengthen the rule of law, which is a critical pillar of democracy. The reform has just started.

17. The democracy that will yield right dividends to the people who are the shareholders means more than just freedom of choice and right to get people into elective offices. It means social and economic justice for our people. To the winner of June 12, democracy offers the best chance to fight and eliminate poverty. Thirty years ago, he christened his campaign manifesto, ‘Farewell to Poverty’ because he was convinced that there is nothing divine about poverty. It is a man-made problem that can be eliminated with clearly thought out social and economic policies.

18. It is for this reason that, in my inauguration address on May 29, I gave effect to the decision taken by my predecessor-in-office to remove the fuel subsidy albatross and free up for collective use the much-needed resources, which had hitherto been pocketed by a few rich. I admit that the decision will impose extra burden on the masses of our people. I feel your pain. This is one decision we must bear to save our country from going under and take our resources away from the stranglehold of a few unpatriotic elements.

19. Painfully, I have asked you, my compatriots, to sacrifice a little more for the survival of our country. For your trust and belief in us, I assure you that your sacrifice shall not be in vain. The government I lead will repay you through massive investment in transportation infrastructure, education, regular power supply, healthcare and other public utilities that will improve the quality of lives.

20. The democracy MKO Abiola died for is one that promotes the welfare of the people over personal interests of the ruling class and one where the governed can find personal fulfillment and happiness. That is the hope MKO Abiola ignited throughout our country in 1993.

21. On this year’s Democracy Day, I enjoin us all to rededicate ourselves to strengthening this form of government of free peoples that has been our guiding light these past 24 years. In particular, those of us who have been privileged to be elected into public offices at various levels in both the executive and legislative arms of government must recommit ourselves to offering selfless service to the people, and delivering concrete democracy dividends in accordance with our electoral promises.

22. On my part and that of my administration, I pledge anew our commitment to diligently fulfilling every component of our electoral pact with the people – the ‘Renewed Hope’ agenda.

23. We shall be faithful to truth. Faithful to equity. And faithful to justice. We shall exercise our authority and mandate to govern with fairness, respect for the rule of law, and commitment to always uphold the dignity of all our people.

24. On this note, I wish us all a happy Democracy Day celebration and pray that the light of liberty shall never be extinguished in our land.

25. Thank you all and may God continue to bless the Federal Republic of Nigeria.

 

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International News

PFIPC: AGF Contradicts Presidency Claim On CBN Account

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The Office of the Accountant-General of the Federation (OAGF) has disowned the claim that the disputed Presidential Foreign Intervention Promotion Council (PFIPC) opened an account with the Central Bank of Nigeria (CBN).

 

While responding to claims made by Prince Adeniyi Adeyemi, the self-acclaimed Director-General of the PFIPC, the Presidency had said

“The Police found that Adeyemi, using the fake documents he created, fraudulently opened a CBN account by misleading the Office of the Accountant-General of the Federation. According to the police, no government money has been transferred into the account,” Bayo Onanuga, Presidential spokesman, had said in a statement, which exonerated Femi Gbajabiamila, Chief of Staff to the President, of any wrongdoing in the saga.

But giving its own side of the issue, the OAGF said the council never completed the process required to operate a Central Bank of Nigeria (CBN) account.

He said that made it impossible for any government allocation to be paid into its coffers.

Director of Public Relations at the OAGF, Bawa Mokwa, said an application to open the account was initiated after the council’s convener, Prince Adeniyi Adeyemi, presented “an appointment letter“ linked to an existing government agency.

He, however, said the process stalled because the names of authorised signatories were never submitted, preventing the account from becoming operational.

“The account has not seen the light of day. It has not received one kobo because it was never fully activated.

“The Accountant-General has not released any money because there is no operational account for such payment,” Mokwa said.

He added that while the council has a budgetary allocation, the existence of a provision in the Appropriation Act does not automatically translate into the release of funds.

The OAGF also dismissed claims that salaries had been paid to staff of the council.

Mokwa explained that federal agencies cannot recruit personnel or process salary payments without obtaining approvals from the Federal Character Commission, the Budget Office and the Federal Civil Service Commission before workers are enrolled on the Integrated Payroll and Personnel Information System.

“If an agency is granted a waiver to recruit, it must still obtain approvals from the relevant agencies before presenting staff details to the Accountant-General. Without those approvals, not even one employee can be captured on the payroll,” he said.

According to him, none of the statutory conditions has been fulfilled by the PFIPC.

He insisted that the council has neither an operational CBN account nor an approved payroll through which government funds or salaries could have been disbursed.

The controversy surrounding PFIPC first came to public attention after the Presidency disowned the body, insisting that no such agency exists under President Bola Tinubu’s administration.

It warned Nigerians against dealing with individuals claiming to represent it.

The Presidency subsequently said Adeyemi, who had presented himself as Director-General of the council, was standing trial on charges bordering on alleged forgery, impersonation and related offences.

According to the Presidency, the matter was uncovered in October 2025 after the Nigerian Investment Promotion Commission (NIPC) raised concerns that the purported council was carrying out functions similar to those of the commission.

The Office of the Chief of Staff to the President thereafter petitioned security agencies, alleging that appointment letters, official documents and other materials purportedly issued in the name of the Presidency had been forged.

Investigators were said to have recovered documents during searches conducted after Adeyemi’s arrest, while the government maintained that the PFIPC was never legally created.

The issue, however, took a fresh twist after the 2026 Appropriation Act listed the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council under the Presidency with a budgetary allocation of about N1.3 billion for personnel, overhead and capital expenditure.

The inclusion triggered widespread questions from opposition figures, legal experts and civil society groups, who argued that the budgetary provision appeared inconsistent with the Presidency’s insistence that the council was fictitious.

The development has since shifted public attention beyond the criminal allegations against Adeyemi to broader concerns over Nigeria’s budgeting and administrative processes.

Critics have questioned how a body the Presidency describes as non-existent could appear in the federal budget, while also demanding explanations over reports that the council operated from the Federal Secretariat and interacted with several government institutions before it was disowned.

Calls for an independent probe into the circumstances surrounding the controversy have continued to mount.

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International News

Ancelotti Announces Decision On Brazil Future After World Cup Crash

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Brazil manager Carlo Ancelotti has confirmed he intends to continue in his role despite the nation’s early elimination from the 2026 FIFA World Cup, bucking a growing trend of managerial casualties at the tournament.

 

The South American side were knocked out in the round of 16 following a 2-1 defeat to Norway at the Los Angeles Stadium.

Following the final whistle, the 67-year-old manager addressed his immediate future, insisting his project with the national team is far from over.

“We must continue to work and improve and find new ideas,” Ancelotti told reporters. “I believe that this loss is not the end, but the beginning of a new cycle.”

Ancelotti’s decision to stay aligns with the long-term contract extension he signed with the Brazilian Football Confederation (CBF) in May 2026, which tied him to the national team until the 2030 World Cup.

His immediate focus will now shift to the upcoming 2028 Copa America, where he will be tasked with restoring Brazil’s status as champions.

They last won the tournament in 2019 under former manager Tite, defeating Peru 3-1 in the final. Since then, Brazil have watched rivals Argentina claim back-to-back continental titles by winning both the 2021 and 2024 editions.

By confirming his continuation, Ancelotti avoids the wave of resignations and dismissals that has swept through the 2026 tournament in North America.

At least six managers have already left their posts following their respective nations’ eliminations.

Netherlands manager Ronald Koeman and Ecuador head coach Sebastián Beccacece both stepped down following round-of-32 exits against Morocco and Mexico, respectively.

They joined a list that includes Scotland’s Steve Clarke, South Korea’s Hong Myung-bo, Germany’s Julian Nagelsmann, Ghana’s Carlos Quieroz, and Uruguay’s Marcelo Bielsa, who all resigned after failing to advance past the group stage. Furthermore, Tunisia sacked Sabri Lamouchi during the opening round following a 5-1 defeat to Sweden.

Ancelotti’s squad will now return to South America to begin preparations for their upcoming qualification campaigns.

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Glasner Becomes Forest’s 5th Manager In A Year

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Nottingham Forest have appointed former Crystal Palace manager Oliver Glasner as their fifth head coach in less than a year.

 

The Austrian arrives at the City Ground as a replacement for Vitor Pereira, who was sacked on Tuesday – two minutes before an exit clause in his contract was due to expire.

“Oliver is a winner,” said Forest owner Evangelos Marinakis.

“It was clear that we share the same vision, the same ambition and the same relentless desire to succeed.”

Contact with 51-year-old Glasner, who left Palace at the end of last season, was initiated earlier this summer.

Nuno Espirito Santo began last season as Forest manager, while Ange Postecoglou, Sean Dyche and Pereira have had a spell in charge since September.

Glasner became Palace boss in 2024 and led them to their first major honour in his first season – the FA Cup – before winning the Europa Conference League last season.

They won the Community Shield in August, beating Liverpool on penalties.

Glasner said in January he would leave Palace because he wanted a new challenge, despite being offered a new contract.

On joining Forest, Glasner said: “From my very first conversations with the owner and the leadership team, it was evident to me that they have a clear vision for this football club and complete trust and belief in me and my staff to build a strong future together over the long term.

“That trust and shared commitment, together with the potential that I see within the squad, were key factors for me and I am excited about what we can achieve together.”

Glasner is one of only three coaches to win the Europa League and Conference League, having led Eintracht Frankfurt to victory in the former in 2021-22.

Marinakis said: “He has consistently demonstrated throughout his career that he can build outstanding teams and deliver success against the strongest competition.

“He has earned success through his leadership, his personality and the style of football his teams play.

“It has always been our goal to establish Nottingham Forest once again among the leading clubs in England and Europe.

“Our ambition is not simply to compete – our ambition is to win, to challenge for major honours and to create a football club that our supporters can be proud of for many years to come.”

Pereira, who replaced Dyche in February, guided Forest to 16th in the Premier League – five points above the relegation zone – and the Europa League semi-finals, where they lost to eventual winners Aston Villa.

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