Obasanjo Decries Nigeria’s Persistent Insecurity, Demands Decisive Action

Seriki Adinoyi and Yemi Kosoko in Jos  

Former President Olusegun Obasanjo has decried Nigeria’s persistent insecurity, declaring that the country “is being killed,” warning that citizens may need to seek international support if the government fails to protect them.
Obasanjo made the remarks in Jos yesterday, at the second edition of the Plateau State Unity Christmas Carol held at the Ten Commandments Prayer Alter.

The former president reflected on the state of the nation and Nigeria’s prolonged struggle with violent crimes and insecurity.
According to him, insecurity has now reached an intolerable point.
“One problem we have is insecurity, and it has been with us. It did not begin with this administration, not even with the administration before it,” he said, adding that,“ from the kidnapping of  the Chibok girls until now, Insecurity has continued to go from bad to worse.”

He criticised attempts to rationalise killings along ethnic or religious lines, describing such excuses as dangerous and unacceptable.
“For anybody at any time to say that when Nigerians are being killed, the explanation is that those killed belong to this group or another nonsensical group. We are being killed. We  are Nigerians, no matter the religion or where you come from, we are being killed”, he said.

Obasanjo added that government at all levels must face its constitutional responsibility. “The first responsibility of any government is the protection and security of its citizens, but our government seems incapable of protecting us.”
The former president warned that Nigerians may be justified in calling for external support from international bodies if the government cannot do anything about the security of its citizens.

“If our government cannot do it, we have a right to call on the international community to do for us what our government cannot do. We should have no apology for that,” he declared.
He also questioned the reason security agencies were not using available technology to track and neutralise criminal gangs.
“In these days of technology, nobody should be able to hide anywhere after committing a crime,” he said. “Before I left government, I knew we had the capacity to identify and locate anybody in Nigeria who committed a crime. Now we have the capacity with drones, you can take them out. Why are we not doing that?”
Obasanjo insisted that the killings must stop, saying, “Every Nigerian life that is lost is a shame for Nigeria. We are tired of being killed. The killing of Nigerians must stop.”
Governor Caleb Mutfwang, in his address, described the Unity Carol as a symbol of Plateau’s resolve to heal and unite despite years of conflict. “Individually, we can worship God in our homes, but God is delighted when we come together as a people in unity,” he said.
Mutfwang emphasised that the state cannot progress without internal cohesion.
“Plateau is a blessed state, but we have not been able to achieve much because we are fighting one another,” he said. “Let us drop the things that divide us and focus on the things that unite us.”
He added that the state’s unity was essential for defeating insecurity, noting that, “with unity we will be able to shut the door against the enemy that troubles us.”
The Plateau Unity Christmas Carol, initiated last year, was envisioned as a three-day festival of worship meant to serve as a bridge across ethnic, religious, and political divides.

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    Jonathan: Guinea-Bissau’s Ousted President Embaló Masterminded ‘Ceremonial Coup’

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    Chuks Okocha and Micheal Olugbode in Abuja

    Former President Goodluck Jonathan, who recently returned from election monitoring duties in Guinea-Bissau—where he was trapped and later evacuated after the military seized power—has alleged that the “so-called coup” in the West African country was engineered and proclaimed by the ousted President Umaro Sissoco Embaló, and was not a genuine military coup per se.
    This comes as the Authority of Heads of State and Governments of the Economic Community of West African States (ECOWAS), yesterday, suspended Guinea-Bissau from all decision-making bodies of the regional bloc.

    The coup leaders on Thursday swore in an Army General as Guinea-Bissau’s new Head of State to serve as transitional president for a period of one year. Gen. Horta N’Tam took the oath in brief and quiet proceedings at the army headquarters, a day after the Army coup that toppled Embalo and the country’s democratic structures.
    Jonathan told Journalists in Nigeria that it was Embaló that first announced what he termed a “ceremonial coup” before the military came in to take over, saying that he was surprised and embarrassed by such an action.
    The former Nigerian president said the ousted President made phone calls to other countries and spoke with journalists that there was a coup, unlike a normal coup d’état.

    He said: “There was no coup in Guinea-Bissau. What happened in Guinea-Bissau, I wouldn’t call it a coup. It was not a coup. Maybe some people will describe it as a ceremonial coup. It was President Embaló who announced the coup, before later, a military man came up and addressed the world that they had taken charge, which is strange.
    “Embaló not only announced the coup, but he was using his phone, making calls and addressing media organisations around the world that he had been arrested. I am a Nigerian and close to 70, and I know how they keep ex-heads of State when a coup takes place.                                              

                               
    “The military doesn’t overthrow a government and a sitting President they have overthrown would be allowed to be using their phones and addressing press conferences, that he has been arrested. Who is fooling who?
    “What happened in Guinea-Bissau is quite disturbing to me, who believes in democracy. I feel more pain than the day I called Muhammadu Buhari to congratulate him when I lost the election as a sitting president. What is happening is that we are going back to the past in Guinea-Bissau when the military was in charge.

    “The election was peaceful. During the meeting of Heads of Observers’ missions, and all the observers gave their account, nobody said anything different. The elections were peaceful, the counting of votes was carefully done, conduct of officials was okay. The same thing with party agents. When they had finished collating the results, the nine regions were ready.”
    Speaking further, the former Nigerian President said: “When they were ready to announce the results, Embaló announced that there is a coup. That they have taken over and they have arrested him. But, from every indication, no body arrested him.”
    Jonathan then charged ECOWAS and AU to ensure that the result of the election, which according to him, was ready, should be announced and let the winner be known and acknowledged.

    Jonathan also explained why he returned to Nigeria aboard an Ivorian aircraft, saying he felt the need to speak to Nigerians to thank them “for the show of empathy and encouragement” when he was trapped in the West African country.
    According to him, both President Tinubu and Côte d’Ivoire’s President Alassane Ouattara made arrangements to evacuate him and his delegation from Bissau.

    But the Ivorian team secured landing clearance first due to the stronger regional links between the country and Guinea-Bissau.
    “While we were in Bissau and this so-called coup happened, the information we got was that the whole country was agitated, young and old, irrespective of religious or political divides.
    “And I sincerely appreciate Nigerians, and I want them to hear directly from my mouth to appreciate their concern. And secondly, to thank my president, President Tinubu, and the Ivorian president, President Ouattara.

    “Both presidents were to send aircraft to lift us, but somehow you know Côte d’Ivoire is closer to Guinea-Bissau, and there’s always some relationship between the Francophone countries and the Lusophones, who are among the Francophones.
    “They were able to penetrate their system to get a a landing permit before Nigeria could do that. So the Ivorian aircraft was already on its way to pick us up,” he said.
    He explained that Côte d’Ivoire’s aircraft was already en route when he was informed that the Nigerian jet had received approval to depart.

    “So when we learnt that the Nigerian aircraft were about to leave, we asked them not to bother. That is why, if you see the pictures, I was brought by an Ivorian aircraft,” he said.
    Meanwhile, ECOWAS has suspended Guinea-Bissau from all decision-making bodies of the regional bloc.
    The Authority of ECOWAS Heads of State and Government, under the chairmanship of President Julius Maada Bio of Sierra Leone, the Mediation and Security Council (MSC), met virtually on Thursday at the level of Heads of State and Government following the military coup on Wednesday and suspended Guinea-Bissau after reviewing the situation.

    The West African leaders acted in accordance with the provisions of the ECOWAS Protocol on Democracy and Good Governance, warning the coup leaders to restore the democratic order and return to their barracks.
    A communique issued after the meeting read: “The MSC decides, in accordance with the provision of the ECOWAS Protocol on Democracy and Good Governance 2001(A/SP/12/01), to suspend Guinea-Bissau from all ECOWAS Decision-making bodies until the restoration of full and effective constitutional order in the country.”

    “The MSC also said it holds the coup leaders in the country individually and collectively responsible for the protection of the life and property of all citizens and residents of Guinea-Bissau and for the security and safety of all detainees.”
    It also advised the army to return to their barracks and maintain peace and their constitutional role, even as it ordered the ECOWAS Stabilisation and Support Mission in Guinea-Bissau (ESSMGB) to continue helping protect the institutions of Guinea-Bissau.

    “The MSC decided to continue to monitor the situation in Guinea Bissau and reserves the right to use all options provided for by the 2001 ECOWAS Supplementary Protocol on Democracy and Good Governance and the 2012 Supplementary Act on Sanctions, including sanctions on all entities deemed culpable of disrupting the electoral and democratic process in Guinea Bissau,’’ it added.

    The MSC then mandated the chair of the Authority to lead a high-level mediation mission to Guinea-Bissau to engage with the leaders of the coup, to ensure the complete restoration of constitutional order.
    The appointed members of the mission include Faure Gnassingbe, President of Togo; Jose Maria Pereira Neves, President of Cabo Verde; and Bassirou Diomaye, President of Senegal, and will be accompanied by the President of the ECOWAS Commission, Dr. Omar Touray.

    ​  

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    Cardoso: Foreign Capital Inflows Rise by 70% to $20.98bn in October

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    Nume Ekeghe

    The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, disclosed that foreign capital inflows in Nigeria surged to $20.98 billion in the first ten months of 2025 a, 70 per cent rise above 2024 levels and 428 per cent higher than the $3.9 billion recorded in 2023.

     He noted that the surge reflects growing investor confidence, driven by structural reforms that have restored order, transparency and price discovery in the foreign exchange market.
     He also described Nigeria’s exit from the FATF grey list as one of the country’s most significant achievements in 2025, reiterating that grey listing carried a high cost, with countries typically facing a 7.6 per cent of GDP in inflows in the first year, equivalent to more than $30 billion in potential investment in Nigeria’s case.

    He said this at the Chartered Institute of Bankers of Nigeria (CIBN) 60th annual bankers’ dinner in Lagos, yesterday.
    On Foreign Capital Inflow, he said: “Foreign capital inflows reached US$20.98 billion in the first ten months of 2025, a 70 per cent increase over total inflows for 2024 and a 428 per cent surge compared to the $3.9 billion recorded in 2023, reflecting a clear resurgence in investor confidence.”

    He added: “Nigeria’s grey-listing carried a significant cost: countries in this category typically experience a 7.6 per cent of GDP drop in capital inflows in the first year, for Nigeria, that translates to more than $30 billion in potential investment.
    “Exiting the list therefore signals a major restoration of confidence and eases compliance frictions for correspondent banks.  The global financial community has welcomed Nigeria’s exit, noting improved access to international finance and smoother cross-border payments.”

    He further projects that with the recent monetary reforms, disinflation would continue in 2026.
    “Recent reforms have begun to ease inflationary pressures, stabilise the exchange rate, and restore investor confidence. Our vision is clear: a Central Bank of Nigeria that is trusted and respected.
    “As we transition towards a full-fledged inflation-targeting framework, this partnership will deepen, ensuring fiscal and monetary policies reinforce each other in delivering durable price stability.”
    He further noted that Nigeria was beginning to reap the benefits of economic diversification, pointing to a marked decline in the dominance of the oil sector.

    “A case in point is Nigeria’s improved economic diversification: with oil now accounting for a smaller share of our GDP, 33 per cent of government revenue, and 51 per cent of exports significantly reducing our vulnerability to oil price shocks.”
    On the country’s external reserves, he reiterated that the ongoing build-up reflects genuine economic strength rather than external borrowing.

    He added: “What is most important here is that our FX reserves are being rebuilt organically, not by borrowing, but through improved market functioning, stronger non-oil exports, and robust capital inflows.”
    On the banking sector, Cardoso disclosed that the CBN was redesigning Nigeria’s credit-risk framework as recapitalisation progresses.

    He said: “Our decisive actions on regulatory forbearance mark another turning point. As recapitalisation progresses, we are redesigning the credit-risk framework to enforce stronger governance, greater transparency, and firmer accountability across the sector.

    “We are determined to break the boom-and-bust cycle that has accompanied past recapitalisation efforts.”
    He added that MSMEs remain central to the CBN’s strategy, noting that microfinance lending expanded.
    “MSMEs remain central to our efforts. This year alone, microfinance lending expanded by over 14 per cent, and new digital-credit products reached more than 1.2 million small enterprises evidence of the sector’s growing depth and capacity. We are improving access to credit, supporting microfinance institutions, and expanding financial products tailored to smaller enterprises.”
    On the exchange-rate framework, he affirmed the Bank’s commitment to stability, noting: “We are committed to maintaining the current flexible exchange-rate framework that allows the naira to act as a shock absorber while limiting excessive volatility.
    “To strengthen this framework further, we will shortly be unveiling the revised FX Manual to expand market participation and tighten documentation standards, enhance EFEMS surveillance, and ensure consistent implementation to avoid any possibility of policy reversal.”

    Providing an update on the recapitalisation exercise, he stressed that the process remains firmly on schedule.
    Cardoso said: “With just four months to the conclusion of the recapitalisation exercise, I am pleased to report that the process is firmly on track. Several banks have already met the new capital thresholds, while others are advancing steadily and are well-positioned to comfortably meet the March 31, 2026 deadline.

    “To date, twenty-seven banks have raised capital through public offers and rights issues, and sixteen have already met or exceeded the new requirements, a clear testament to the depth, resilience, and capacity of Nigeria’s banking sector.”
    He also made it clear that a key policy shift is now firmly entrenched, stating: “There will be no return to the practice of financing fiscal deficits by the Central Bank.

    Cardoso outlined six strategic priorities for 2026, including strengthening banking-sector supervision, delivering durable price stability, modernising payments, fostering responsible fintech innovation, building institutional capacity, and deepening collaboration with domestic and international partners.

    ​  

    Army Promotes 105 Senior Officers to Major General, Brigadier General Ranks *NAF elevates 57 senior officers  *Police charge new recruits on integrity, discipline Nume Ekeghe The Governor of the Central Bank of

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