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Regimes Of Volatile, Unstable Economy Now Over, Says VP Shettima
Regimes Of Volatile, Unstable Economy Now Over, Says VP Shettima
*Says President Tinubu working hard to tickle down macroeconomic gains to the people
*Declares open Digital Nigeria International Conference and Exhibition 2025 in Abuja
By: Our Reporter
The Vice President, Senator Kashim Shettima, has said the administration of President Bola Ahmed Tinubu has succeeded in putting an end to the regimes of volatility and unpredictability that once characterised Nigeria’s economy.
According to him, global economic uncertainties, “shocks, shifting alliances, and the rapid displacement of traditional jobs by emerging technologies” have compelled the administration to act daringly.

The Vice President, who stated this on Tuesday in Abuja when he declared open the Digital Nigeria International Conference and Exhibition 2025, noted that the ongoing reforms undertaken by the Tinubu administration are already stabilising the economy, just as they have inspired investor confidence and attracted commendation from independent observers.
Citing Fitch upgrade of Nigeria’s sovereign rating to B with a stable outlook, and Moody’s lifting of the nation’s issuer rating to B3 with a stable outlook as instances of the global acclaims the country is getting, VP Shettima said “the world is taking note of the steady course the nation is maintaining.

“What this Administration has achieved is to end the regimes of volatility and unpredictability that once defined our economy. The phase before us now is to ensure that these macroeconomic gains trickle down to the people, from the kiosks of our neighbourhood traders to the boardrooms of our multinational corporations.
“We did what we have done because we can no longer apply 20th-century solutions to 21st-century problems,” he declared, even as he expressed delight with the conference and exhibition, saying it is an “affirmation of innovation for a sustainable digital future that accelerates growth, inclusion, and global competitiveness.”
Senator Shettima observed that the vision of the conference and exhibition with the theme, “Innovation for a Sustainable Digital Future: Accelerating Growth, Inclusion, and Global Competitiveness,” aligns perfectly with President Tinubu’s economic reform agenda because the future the administration is building “is one where the young Nigerian takes the front seat, sits at the decision-making table, and has a voice in shaping our destiny.”
The VP stated that the watchword for Nigeria’s long-term stability is digital, noting however that the nation must set its priorities right if it “must move beyond the “quick wins” of simple apps to building deep-tech solutions that address foundational challenges in agriculture, health, logistics, and governance.
“We need a digital ecosystem that works as seamlessly in Lagos as it does in Abuja, in Port Harcourt, in Kano, in Gusau, and across every corner of our nation. The digital success we seek is one where the farmer in Bida can access real-time market data to sell his harvest at a fair price, where a young woman in Oguta can work remotely for a global company because she has connectivity and the skills to compete. That is the inclusive growth President Tinubu envisions,” he added.

The Vice President pointed out that Nigeria cannot keep lamenting its “absence at the table in the previous Industrial Revolutions” when the current digital wave has offered the nation “a redemptive opportunity to define its own “terms in the next chapter of global progress.
“And at the forefront of this ambition stands a man of a thousand visions, the progressive leader we are fortunate to have as President of this beloved nation at a time that demands reformers and patriots, His Excellency, President Bola Ahmed Tinubu, GCFR,” he maintained.
Senator Shettima outlined three pillars on which the strategy adopted by the Tinubu administration rests to include “People, Infrastructure, and Policy.”
On People, he said, “We are building a holistic pipeline of digital talent, integrating digital literacy into school curricula, promoting inclusion through the Digital Literacy for All (DL4ALL) initiative to digitise the informal sector, and developing world-class expertise through the 3 Million Technical Talent (3MTT) programme.”
He continued: “On Infrastructure, we are constructing the broadband “superhighway” that powers a digital economy. Through projects like Bridge and 774, we are ensuring high-speed connectivity so that a startup in Gusau enjoys the same access as one in Lagos.
“On Policy, we are creating an enabling environment that encourages innovation. The success of our cashless reforms has positioned Nigeria as one of the most dynamic fintech ecosystems in the world.”
The VP disclosed that the administration was already in the advanced stages of passing the National Digital Economy and e-Governance Bill into law, saying “just as the cashless policy unlocked the fintech revolution, this new Bill will unlock the GovTech revolution, an era of smarter governance, greater transparency, and inclusive service delivery.”
He solicited the support of the private sector, including economic experts, stating that the government cannot achieve its goal without them, just as he described them as the pillar of the nation’s digital economy, as well as “the innovators, the disruptors, the dreamers who turn possibilities into progress.”
Earlier, the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, said enabling digital policies being implemented by the Tinubu administration are on course to boost the country’s digital infrastructure.
He invited relevant stakeholders to use the platform to deepen collaboration so that Nigeria can stand as a global model for technology adaptation for shared prosperity.
For his part, the Director-General of NITDA, Kashifu Inuwa Abdullahi, applauded the Vice President for his support, commitment, and for always championing the cause of Nigerian youths, noting that such inspirational leadership is deeply rooted in President Tinubu’s Renewed Hope Agenda.
He assured that the collective ambition of the Federal Government, which is to engage the youth and provide platforms that empower them to solve the nation’s challenges, will continue to be pursued to fruition.
In the same vein, the CEO of the Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji, acknowledged the increasing adoption of technology, particularly the use of multiple devices by the global population, highlighting the huge socio-economic potential of the global digital economy.
He emphasized the need for Nigeria to take its rightful place in the digital sector, noting that there is a need to harness the country’s digital potential through collaboration, interaction and innovation.
Regimes Of Volatile, Unstable Economy Now Over, Says VP Shettima
News
Faces Behind the Figures: Nigerians Lost in Russia’s War
Faces Behind the Figures: Nigerians Lost in Russia’s War
By Oumarou Sanou
“Forgive your son.” Those were the words Balogun Ridwan Adisa chose for President Bola Tinubu when the Ukrainian outlet UNITED24 Media interviewed him while he was in captivity earlier this year. He is 32. He says he left Nigeria to feed his family and find work as a mechanic or engineer. He ended up in a Russian uniform near Lyman, in Ukraine’s Donetsk region, and surrendered to Ukrainian troops on 13 January 2026.
By then, Nigeria had already counted him among the dead. On 4 February, his name appeared in the press among four Nigerians said to have died fighting for Russia. The source was neither a Russian notification nor a Nigerian consular report, but a WhatsApp group run by African fighters. Adisa was alive. Nobody in authority had checked.
That single error captures how Nigeria is handling one of the quietest tragedies of our time. Our citizens are being lured into a war that is not theirs, and when they die, or are reported dead, the news reaches their families through messaging groups and foreign intelligence briefings rather than through their own government.
Moscow has denied wrongdoing at every turn. Yet on 10 September, Amnesty International concluded that Russia’s recruitment of foreigners in many cases amounts to human trafficking, documenting false job offers, contracts recruits could not read and deployment to the front after as little as two weeks of training.
The numbers are stark. The investigative collective INPACT/All Eyes on Wagner has documented 1,417 Africans from 35 countries recruited between 2023 and mid-2025, at least 316 of them killed. Ukrainian military intelligence, itself a party to the conflict, says at least 215 Nigerians had signed Russian contracts by May, with 25 dead or missing. Yet the greater danger is that, as the figures rise, the people behind them vanish from view. It is time to put faces to the names.
In his interview, Adisa says he arrived at a military base expecting work in his trade. Asked to sign a contract in Russian, he was refused a phone to translate it. “I did not know they were going to use me,” he says. Sixteen days of training later, he was at the front. A prisoner’s account to a Ukrainian-affiliated outlet deserves scrutiny, but his appearance alive settles one thing: the report of his death was wrong.
That matters for others on the same list. According to a Daily Nigerian investigation, Abugu Stanley Onyeka and Akinlawon Tunde Quyuum left Nigeria in November 2025 with Adam Anas and others, recruited for security jobs paying 200,000 roubles a month. The group reportedly travelled on tourist visas, signed papers in Russian without translation and were sent to the front after three weeks of training. Within three months, their names were on the same WhatsApp death list that wrongly carried Adisa’s. We do not even know with certainty whether they are dead. That uncertainty is itself an indictment.
Then there is Ramon Jamiu Babatunde, a 42-year-old father of three from Ibadan who, his family says, went to Russia for civilian work. Documents seen by the Initiative for Media Development and Social Impact (IMEDSI) show he entered on a tourist visa and that, within two weeks, a form bearing his name recorded his “voluntary” enlistment in a Russian assault unit. The same form warns that anyone who refuses will be detained, deported, banned from Russia, and made to repay the airfare. His wife, Mrs Adewunmi Suliat Ramon, last heard his voice on 27 November 2025 and petitioned the Ministry of Foreign Affairs in May. His one-year contract expired last month. He has not come home, and three children still do not know whether their father is alive.
Others have been named: Hamzat Kazeem Kolawole and Mbah Stephen Udoka, whose bodies Ukrainian intelligence said it recovered in Luhansk; Ayebusiwa Olabode Victor of Ondo State, reported killed near Kharkiv in May; Fajobi Taiwo Omoniyi, Agbo Moses Omale and others listed by All Eyes on Wagner. Memorial posters bearing some of these names now circulate online. Adisa’s case is a warning that such images cannot by themselves establish who has died. Families deserve certainty, not assumptions presented as fact.
This is why the silence of last month’s Russia-Africa Summit in Moscow is so disappointing. Ahead of the 28 to 29 October gathering, Amnesty International’s directors across Africa urged leaders to raise the trafficking of their citizens directly with the Kremlin. Kenya’s President William Ruto asked Moscow for help repatriating Kenyan recruits; Vladimir Putin offered no public answer. The summit drew 22 African heads of state, roughly half the number in 2019. For the Africans dying in Ukraine, there was no public commitment. Moscow did, however, find room for a Russia-Africa Media Forum that drew more than 200 participants from 46 African countries.
Other governments have shown what is possible. Kenya secured an undertaking from Moscow in March to stop enlisting its citizens and has brought more than 50 home. Ghana’s foreign minister confronted Sergei Lavrov in August over 62 Ghanaian deaths. Nigeria’s Ministry of Foreign Affairs issued a warning in February, and it has largely stopped.
Nigeria must do more. It should demand from Moscow a full list of Nigerians under contract, captured, missing or dead, and inform every family before social media does. It should work with Kyiv and the International Committee of the Red Cross to identify Nigerians held as prisoners of war, Adisa among them, and bring them home. NAPTIP and the police must pursue the agents behind these schemes and treat those deceived as victims of trafficking, not mercenaries who chose their fate. And Abuja, with the African Union and ECOWAS, should seek for every African state the no-recruitment undertaking Kenya obtained.
None of this is about choosing between Moscow and Kyiv. Strategic autonomy must never be used as an excuse to ignore the exploitation of our citizens, and public diplomacy is no substitute for consular access and accountability.
Ridwan Adisa asked his president for forgiveness. He is not the one who should be apologising. For Mrs Ramon and her children, the question remains painfully simple: where is their husband and father? Until it is answered, Africa’s diplomatic silence will be hard to justify, and African lives will remain cheap currency in other people’s wars.
Oumarou Sanou is a social critic, Pan-African observer and researcher focusing on governance, security and political transitions in the Sahel. He writes on geopolitics, regional stability and African leadership. Contact: sanououmarou386@gmail.com
Faces Behind the Figures: Nigerians Lost in Russia’s War
News
EFCC PETITIONED OVER N2.5M GTBANK FRAUD, UNAUTHORISED N138,000 LOAN
EFCC PETITIONED OVER N2.5M GTBANK FRAUD, UNAUTHORISED N138,000 LOAN
By: Michael Mike
A customer of Guaranty Trust Bank (GTBank), Mrs Stella Adepegba, has petitioned the Economic and Financial Crimes Commission (EFCC) over alleged fraudulent withdrawals of N2.587 million from two bank accounts belonging to her family, as well as an unauthorised N138,000 loan allegedly taken in her name.
The petitioner, Mr Adelani Adepegba, who filed the complaint on behalf of his wife and daughter, called on the anti-graft agency to investigate suspected insider collusion, alleged compromise of the bank’s security infrastructure and possible breaches of customers’ confidential banking information.
In the petition addressed to the EFCC Chairman at the commission’s headquarters in Jabi, Abuja, Adepegba alleged that the two accounts, both domiciled with GTBank, were compromised within 24 days through similar transaction channels.
According to him, his daughter’s Child Saver’s Account was allegedly accessed by fraudsters on October 8, 2026, at about 8 p.m., resulting in the unauthorised transfer of funds totalling N2.5 million through the bank’s Nigeria Inter-Bank Settlement System instant payment (NIP) channel.
He said three transfers of N399,000, N398,000 and N220,000 were made to a Moniepoint account belonging to one Abdulmalik Idris, while another N1.49 million was transferred to a Gomoney account operated by one Zainab Ibrahim.
The petitioner alleged that his wife, who operates the child’s account, received no transaction alerts and only became aware of the withdrawals after a GTBank staff member, identified as Boluwatife Akinwunmi, alerted her and offered to block the account.
By the time the intervention was initiated, however, the account had allegedly been emptied, leaving a balance of less than N2,000.
Adepegba said the incident was reported at a GTBank branch in Kubwa, Abuja, on October 9, where his wife was asked to document the complaint.
He, however, alleged that the bank subsequently responded by email, attributing the transactions to the use of his wife’s login credentials.
The petitioner said the incident was followed by another suspected breach on November 1, when N80,000 was allegedly transferred from his wife’s personal account to a FairMoney account belonging to one Jamilu Ahmad.
He put the combined withdrawals from the two accounts at N2.587 million.
Raising concerns over the circumstances surrounding the transactions, Adepegba insisted that his wife had physical possession of her mobile phone, SIM card and ATM card at their residence in Kubwa, Abuja, when the alleged fraud occurred.
He further maintained that she neither received any One-Time Password (OTP) prompt nor disclosed her PIN, password or USSD credentials to anyone. He also denied that she clicked on phishing links or authorised a SIM swap.
According to him, the circumstances raised serious questions about the bank’s security controls and the possibility of unauthorised access to customers’ banking information.
The complaint also alleged that the financial losses may have been compounded by further unauthorised deductions from his wife’s account.
Adepegba said N24,000 was deducted by the bank two days before the petition, and that when his wife visited the bank for clarification, she was informed that the money represented repayment for a N138,000 loan allegedly obtained by the fraudsters through her account.
He added that a further N19,000 allegedly stolen from the account had also been discovered, bringing additional concerns about the extent of the suspected compromise.
The petitioner faulted GTBank’s handling of the incidents, questioning how two accounts linked through family relationships, BVN details and telephone contacts could have been targeted within 24 days without effective security intervention.
He identified the repeated targeting of related accounts, alleged circumvention of two-factor authentication, transfers to the same beneficiary channels and the reported breach of the account despite a PIN reset after the first incident as grounds for suspecting possible insider involvement.
He urged the EFCC to investigate the incidents, trace and recover the allegedly stolen funds and conduct a forensic examination of GTBank’s staff and systems to establish whether customer information was leaked or security protocols were compromised.
Specifically, he asked the commission to compel GTBank to provide complete transaction logs, internet protocol (IP) addresses, device identification records and NIP transaction trace records relating to the disputed transfers.
He also called on the EFCC to direct Moniepoint, Gomoney and FairMoney Microfinance Bank to provide the full Know Your Customer (KYC) details of the beneficiaries and place the identified accounts under appropriate restrictions pending the outcome of investigations.
The petitioner maintained that the investigation should establish how the transactions were initiated, the devices and channels used, the identities of those behind them and whether any bank employee or external actor facilitated the alleged fraud.
As of the time of filing this report, the petitioner’s allegations had not been independently established, and there was no response from GTBank or the other financial institutions named in the complaint.
EFCC PETITIONED OVER N2.5M GTBANK FRAUD, UNAUTHORISED N138,000 LOAN
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Why Borno Will Vote For APC At All Levels Of The Pending General Election……Ayuba
Why Borno Will Vote For APC At All Levels Of The Pending General Election……Ayuba
By: Bodunrin Kayode
The Chairman of the All Progressives Congress (APC) in Borno State, Bello Ayuba, has said that Borno will surely vote for his party at all levels because of the massive investment by the central government in the state.
Ayuba who addressed newsmen in Maiduguri during the week stated that the Federal Government has implemented several major projects in the state, particularly in the areas of road reconstruction, anti flood infrastructure and rehabilitation of critical facilities to assist the state return to normalcy.
Ayuba, while highlighting the Federal Government’s interventions in Borno, listed the Gombe-Biu dual carriageway, Bama-Banki road and Maiduguri-Ngala-Gamboru road among major federal projects either awarded or currently under construction.
He stated that the contractor handling the Gombe-Biu dual carriageway had already mobilised to site, describing the project as a major intervention that would improve connectivity between Borno, Gombe and other neighbouring states.
The APC boss further said that the Federal Government had also awarded the Bama-Banki as well as the Maiduguri-Ngala-Gamboru federal roads respectively for complete reconstruction due to their insurgency battered, abandoned an dilapidated states.
He stressed that these glaring road projects were evidences that the Tinubu/Shettima administration was paying attention to Borno’s dire infrastructure needs.
Chairman Ayuba also cited the rehabilitation of the Alau Dam following the devastating flooding in the state, pointing out that the Federal Government has committed a substantial amount of money towards repairing the facility.
On the Maiduguri-Ngala-Gamboru road which leads into the Central African Republic, Ayuba said the difficult terrain and nature of the soil has made the project technically challenging and costly.
He explained that the Federal Government had taken the nature of the terrain into consideration in the design and reconstruction of the road to ensure greater durability beyond the post insurgency years.
“When you look at the terrain and the loamy soil and even how it shrinks during the dry season, If the work is poorly done, eventually the road will not last long.
” But I can tell you that this project was expected to be constructed to a very high standard, with concrete pavements and walkways designed to significantly extend its lifespan.
“When the project is completed, it is our intention to have a very solid concrete road, with a lifespan of up to 100 years,” said the APC boss.
Surrounded by party stalwarts in his office the APC chairman expressed optimism that if Borno votes for the Tinubu/Shettima ticket, at the fullnest of time, more federal projects would be attracted to Borno State,
He maintained that the ongoing road interventions would contribute massively to the state’s economic development and improve transportation links with other parts of the country.
Why Borno Will Vote For APC At All Levels Of The Pending General Election……Ayuba
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