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Tribunal: Tinubu’s Witness Senator Bamidele Admits Asiwaju Forfeited $460,000 For Narcotics Dealing, Money Laundering In U.S.

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Senator Opeyemi Bamidele, a witness for President Bola Tinubu in the ongoing presidential election dispute, has admitted that the $460,000 that the Nigerian leader forfeited to the United States came from a narcotics business and money laundering.

Mr Bamidele, a politician from Ekiti and long-time protege of Mr Tinubu’s, was at the election petitions tribunal on Wednesday in Abuja to give testimony against Peter Obi, the presidential candidate of the opposition Labour Party.

Mr Bamidele, while being led in his testimony by senior lawyer Lateef Fagbemi, said Mr Obi joined the opposition Labour Party while he was still holding his membership of the Peoples Democratic Party, another opposition party.

Among other documents, Mr Bamidele tendered the membership registration file of the Labour Party as of April 25, 2022, which showed that Mr Obi was not a member because his name could not be found on the list. The party’s registration document for Anambra also did not include Mr Obi’s name as of that period.

Peoples Gazette first reported Mr Obi’s exit from the PDP on May 25. Prior to that day, he had been a frontrunner in the bid for PDP’s presidential ticket. He formally announced his Labour membership two days later on May 27.

However, the Abuja Division of the Court of Appeal said Mr Obi did not violate electoral law, even though he became the Labour’s presidential candidate on May 30, less than a month after he joined the party. The electoral law specified that an aspirant must have been a member of a political party for at least 30 days to be eligible to be a candidate.

The highlight of Mr Bamidele’s testimony came when he admitted under cross-examination by Mr Obi’s lawyers that Mr Tinubu indeed forfeited over $460,000 in illicit drug proceeds. The case occurred in the United States in the 1990s when Mr Tinubu was living in Chicago. The politician had declined to address the forfeiture for several years, despite its domination of headlines in the run-up to the presidential election on February 25.

Livy Uzoukwu, a senior lawyer handling Mr Obi’s case, asked whether or not Mr Bamidele know that the forfeiture was connected to narcotics dealing, to which he responded yes. He also responded that he understood there was money laundering involved in Mr Tinubu’s matter prior to the final forfeiture.

Mr Bamidele, who recently became the majority leader of the Nigerian Senate, appeared to be the most high-profile associate of Mr Tinubu to confirm the forfeiture and narcotics background of the former Lagos governor, who was sworn in as Nigeria’s president on May 29, following his controversial declaration as winner of the February presidential election by the Independent National Electoral Commission, INEC.

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They never trended negative stories about Peter Obi – Presidency accuses Arise TV

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Daniel Bwala, a spokesperson for President Bola Tinubu, has accused Arise Television of exhibiting preferential treatment for the presidential candidate of the Nigeria Democratic Congress, NDC, Mr Peter Obi.


Bwala, in a post on his X handle on Monday, said the station’s presenters often express strong opinions about other political candidates but adopt.a different approach when discussing Obi.

He claimed that the tone of discussions about the former Anambra State governor appeared like advisers offering counsel to their principal.

“Is anyone watching Arise News morning show gossip trending? They have strong opinion on all the candidates, but when it came to Peter Obi, what they have is advice,” Bwala wrote.

“Even the tone of their voices when talking about Peter Obi is like surrogates advising their principal.”

The presidential spokesman further alleged that the television station had not aired any trending reports considered adverse to Obi since he became a presidential candidate.

“I dare to say that they never had any so-called stories trending adverse to Peter Obi since Obi has been on the ballot,” he added.

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‘Ridiculous Idea,’ NELFUND Dismisses Claims Of Favouring Children Of APC Members

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…Says Demand For Student Loans Has Been Overwhelming

The Managing Director and Chief Executive Officer of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has dismissed claims that the Federal Government’s student loan scheme favours children whose parents are members of the All Progressives Congress (APC).

Sawyerr described the allegation as a “completely ridiculous idea”, arguing that the electronic application process makes it impossible for NELFUND to determine or favour beneficiaries based on political affiliation.

“I have not heard this allegation, but I can tell you that it’s a completely ridiculous idea that the administration of Bola Tinubu is focused on trying to fund people who support the party. We are talking about students; many of them are yet to vote, some of them are going to be voting for the first time, [and] many of them are not party members.

“How, in any event, do we determine who is a party member and who isn’t? Even if you are running a manual process, how do you do that? You can’t. It’s unlikely to yield you any result,” Sawyerr said during an interview on Channels Television’s Sunday Politics programme.

He said the loan application process was designed around objective eligibility criteria, adding that applicants must apply electronically and provide information such as their names and matriculation numbers.

“It is a process you have to apply for this loan electronically. If you don’t have a name, you can’t apply for this loan. You provide your matriculation number; you have to be in a public institution,” he said.

The NELFUND MD added that the scheme’s system does not discriminate based on personal characteristics, religion or ethnicity.

“We have a system that is focused on people who are Nigerians and meet the standard. The system doesn’t recognise your gender. There is no bias in the system at the front end or the back end.

“This is a system that doesn’t care whether you are of one tribe or the other. This system does not have a view or an opinion on whether you are a Christian, a Muslim, or an African traditional religionist; it doesn’t want to know,” he said.

Sawyerr also said demand for the student loan had been “overwhelming”, describing the scheme as a lifeline for students struggling to finance their education.

He revealed that NELFUND had disbursed ₦162 billion in upkeep allowances, while the scheme had contributed to a reported 20 per cent reduction in student dropout rates.

Weighing in on repayment, Sawyerr said beneficiaries would repay the loans based on their ability to pay. He also said funds reportedly recovered by the Economic and Financial Crimes Commission (EFCC) for the scheme had not yet been received by NELFUND.

The student loan scheme was established under the Student Loans Act signed into law by President Tinubu in April 2024. It provides interest-free financial support to eligible Nigerian students in public tertiary institutions.

The scheme covers approved institutional charges and upkeep allowances, with repayment scheduled to begin two years after completion of the National Youth Service Corps programme.

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2027: Trump supports my fuel subsidy plan – Atiku

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The African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, on Sunday declared that President Donald Trump of the United States, US, is backing his proposed policy on the restoration of fuel subsidy.


Atiku had pledged to return the subsidy on fuel if elected as the President of Nigeria in 2027.

He made this known in a statement by his spokesman, Phrank Shaibu tagged, ‘Atiku boasts of stakeholders, Trump support on fuel subsidy’.

Parts of the statement read: “This is why my Production Subsidy is about putting money back into people’s pockets. Support what we produce and refine here, increase supply, monitor the price and make sure Nigerians feel the benefit at the pump.

“CORAN is saying support domestic production. America understands the importance of supporting strategic energy production.

“Yet Tinubu attacks relief for ordinary Nigerians while his government understands perfectly well how to grant waivers, incentives and concessions to multinational oil companies and businesses close to his administration.

“So why does intervention suddenly become bad economics when ordinary Nigerians are meant to benefit?”

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