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Atiku Accuses Tinubu of Reckless Borrowing, Warns of Economic Collapse

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Former Vice President Atiku Abubakar has strongly criticized President Bola Tinubu’s administration over its plan to secure over \$24 billion in new external and domestic loans. Atiku described the borrowing spree as “reckless and dangerous,” warning that it threatens Nigeria’s economic stability and mortgages the country’s future.

In a statement titled “Tinubu’s Addiction to Loans: Mortgaging Nigeria’s Future,” Atiku pointed out that the proposed loans would raise Nigeria’s total public debt from ₦144.7 trillion to ₦183 trillion, a figure he says is unsustainable. He noted that the borrowing would consume more than 60% of Nigeria’s foreign exchange reserves, while the debt-service-to-revenue ratio has already surpassed 130%.

Atiku accused the Tinubu administration of borrowing not for development but to service existing debt, turning Nigeria’s public finance into a Ponzi scheme. He stated, “This is not just unsustainable — it is immoral. The Tinubu administration is borrowing money not for development but to service existing loans, fueling a debt spiral that leaves nothing for infrastructure, education, healthcare, or jobs.”

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The former vice president highlighted that under the APC-led government since 2015, total debt has surged by over 1,000%, from ₦12.6 trillion to ₦144.7 trillion. He called the situation “economic sabotage in plain sight” and urged lawmakers, civil society, and the international community to intervene and halt the borrowing plan. “Nigeria must not be sold into debt slavery,” he warned. (

In response, the presidency dismissed Atiku’s criticism as partisan rhetoric. Presidential spokesperson Bayo Onanuga argued that the Tinubu administration has undertaken bold economic and institutional reforms over the past two years, including the removal of fuel subsidies and unification of the foreign exchange system. Onanuga stated, “We have made progress. Inflation is easing, food production is rising, investments are returning, and the foundation for a more prosperous, just, and inclusive Nigeria is being laid.”

Onanuga also noted that the government has introduced the student loan scheme to ensure that underprivileged children are not denied education because of poverty. He emphasized that the Tinubu administration has made investments in medical care, including revitalizing primary health centers, expanding health insurance, and working to reduce the cost of medicines.

The debate over Nigeria’s borrowing practices continues as the country grapples with economic challenges and seeks sustainable solutions for growth and development.

 

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ADC Rising: Salga hails influx of political heavyweights as a turning point for justice

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Ambassador Abdulrahman Mai Nasara Salga, a prominent ADC leader from Dala, Kano, has welcomed the influx of influential politicians into the party, describing it as a sign of ADC’s growing acceptance.

Salga, who contested for the federal legislature in Dala during the 2023 general election, says the party’s progress is heartening, having worked tirelessly to promote ADC’s agenda and position it as a viable alternative for good governance.

He highlights the entry of Kwankwasiyya leader Dr. Rabiu Musa Kwankwaso, former Kano State Deputy Governor Comrade Aminu Abdulsalam, and APC’s 2025 gubernatorial candidate Dr. Nasir Yusuf Gawuna, among others, as major boosts that are transforming ADC into a formidable opposition force.

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Salga believes these developments signal a shift towards justice and better leadership in Kano and Nigeria. He urges party leaders, including Atiku Abubakar, Peter Obi, and Kwankwaso, to unite for success in 2027.

The ADC leader pledges continued efforts to promote the party’s ideals, expressing optimism for a brighter future with these influential additions.

 

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BREAKING: INEC Removes David Mark-Led NWC from Portal, Updates Records Amid ADC Leadership Crisis

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By Yusuf Danjuma Yunusa

The Independent National Electoral Commission (INEC) has formally updated its official portal to reflect changes in the leadership of the African Democratic Congress (ADC), signaling the commission’s recognition of the leadership dispute within the party.

The commission confirmed that the removal of the National Working Committee (NWC) led by David Mark followed a detailed review of a recent Court of Appeal judgment and an ongoing suit at the Federal High Court in Abuja.

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According to INEC, the decision comes after receiving conflicting legal representations from the two factions vying for control of the party. One faction, loyal to Nafiu Bala Gombe, urged the commission to enforce the appellate court’s ruling, which includes withdrawing recognition from the Mark-led NWC. The other faction, aligned with Mr. Mark, advised INEC against recognizing Mr. Gombe as acting national chairman, citing the pending legal proceedings.

The leadership crisis traces back to July 2025, when the ADC’s former leadership resigned, paving the way for a new executive committee headed by Mr. Mark. Mr. Gombe, a former vice-national chairman, has challenged this transition, arguing that the party’s constitution mandates his ascension to the leadership role.

In a ruling delivered on March 12, 2026, the Court of Appeal dismissed an interlocutory appeal filed by Mr. Mark. The court ordered all parties to maintain the status quo ante bellum—the state of affairs before the crisis—pending the resolution of the substantive suit at the Federal High Court.

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JUST IN: El-Rufai Detained as Bail Ruling Adjourned to April 14

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By Yusuf Danjuma Yunusa

Operatives of the Department of State Services on Wednesday took former Kaduna State governor, Nasir El-Rufai, into custody moments after proceedings at the Federal High Court in Kaduna.

El-Rufai, standing trial over alleged corruption, had just concluded a hearing on his bail application filed by the Independent Corrupt Practices and Other Related Offences Commission when DSS operatives bundled him into a waiting vehicle and drove him away, reportedly heading to Abuja.

A heavy DSS presence around the court before the hearing had fuelled speculation that the former governor might be taken into custody.

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Security sources said vehicles had been strategically positioned around the court prior to proceedings.

El-Rufai had arrived at the court at about 9:05 a.m. in a Hilux van, drawing attention from security personnel and observers.

Speaking to journalists after the proceedings, lead defence counsel, Oluwole Iyamu (SAN), confirmed that the court had fixed April 14 for ruling on the bail application.

“The bail application was argued and responded to, and the ruling has been fixed for April 14.

“We look forward to that day. We are hopeful. We have put our arguments before the court, and this is a court of justice.

“We await the decision of the court,” he added.

He also noted that the defence team is prepared for a related case scheduled for April 10 at the Federal High Court in Abuja, describing it as “a separate matter.”

“That is a separate matter. As lawyers, we are ready. We have filed all necessary processes and will be in court. That is the DSS matter,” he said.

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