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BREAKING: ‘I feel deeply embarrassed’- Tinubu orders EFCC to lift court order freezing Osun govt account

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President Tinbu

President Bola Tinubu has directed the Economic and Financial Crimes Commission (EFCC) to take immediate steps to vacate the court order freezing the bank account of the Osun State Government with First Bank.

The President’s directive follows widespread public backlash over the anti-graft agency’s action, which drew criticism from concerned Nigerians.

In a statement personally signed on Thursday, Tinubu expressed disappointment over the timing of the EFCC’s move, stressing that although the agency acted within its legal mandate and with a court order, the decision had reflected negatively on his administration.

“I must state that I feel deeply embarrassed not by the EFCC’s exercise of its mandate backed by a court order, but by the timing of the agency’s action,” the President said.

 

He noted that actions taken by federal institutions are often attributed to him, regardless of whether he had prior knowledge of them.

 

“This is so because every action taken by an institution of State, especially at the Federal level, is always credited to me, as the President, even when I may not have had any prior knowledge of the action,” he stated.

 

Tinubu reiterated his commitment to preserving the operational independence of anti-corruption and law enforcement agencies, saying he has deliberately avoided interfering in their activities since assuming office.

 

“Since assuming office, I have consistently maintained that anti-corruption and law enforcement agencies must be allowed to discharge their statutory responsibilities independently, professionally, without fear or favour, or political interference,” he said.

 

The President explained that he believes strong democratic institutions must be allowed to operate within the law, free from undue executive influence.

 

“I have therefore deliberately refrained from directing or interfering in the operational activities of the EFCC or any other investigative or prosecutorial agency because I firmly believe that strong democratic institutions, operating within the confines of the law, are indispensable to democratic good governance and the rule of law.

 

“As President, I am committed to allowing institutions of State to function and take any action they consider necessary in the interest of proper governance without the need for any prior approval. Indeed, that is why institutions are set up by law with clearly defined powers,” he added.

 

Ex Nigerian Minister Kemi Adeosun loses husband

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Former Minister of Finance, Kemi Adeosun, has lost her husband, Anthony Adeniyi Adeosun.

The family announced in a statement that Anthony Adeosun died on Wednesday in Lagos at the age of 62.

 

The statement, signed by C. A. Adeosun on behalf of the family, said the late Anthony Adeosun is survived by his wife, children, and siblings, including Adewale Adeosun, founder of Kuramo Capital.

 

The family also disclosed that details of his Christian burial and funeral arrangements would be announced at a later date.

 

“Though our hearts are heavy, we take comfort in the assurance of God’s Word: ‘Blessed are the dead which die in the Lord… that they may rest from their labours; and their works do follow them’ (Revelation 14:13).

 

“The family requests privacy during this difficult period as we grieve our irreplaceable loss. Details of the funeral and Christian burial arrangements will be communicated in due course.

 

“We thank all who have reached out with prayers, condolences, and support,” the statement read.

 

Kemi Adeosun served as Nigeria’s Minister of Finance under former President Muhammadu Buhari from 2015 until 2018.

Osun Guber: Tinubu could write 2027 presidential election result, nothing will happen- Analyst 

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President Tinbu

Political analyst, Imran Wakili has alleged that President Bola Tinubu has repeatedly acted without consequences, claiming the President could even “write his own election result” in the 2027 general election without facing any challenge.

 

Wakili made the remarks in a post on his X handle on Thursday, where he listed what he described as constitutional violations allegedly committed by the President.

 

According to him, Tinubu suspended a sitting governor without facing any consequences, despite constitutional provisions.

 

He also claimed that former Kaduna State governor, Nasir El-Rufai, had remained in detention for 170 days over what he described as a bailable offence, alleging that no explanation had been provided to the public for 50 of those days.

 

Wakili further alleged that the Federal Government was freezing the accounts of the Osun State Government, insisting that no one had challenged the action despite constitutional provisions.

 

The political commentator argued that if such actions continued unchecked, Tinubu could determine the outcome of the 2027 presidential election without repercussions.

 

He also claimed that the President could secure support for a third-term bid, alleging that the National Assembly would approve such a move and accusing opposition lawmakers of lacking the courage to resist it.

 

He wrote: “Bola Tinubu suspended a sitting governor, and nothing happened. He got away with it, regardless of what the Constitution says.

 

“Bola Tinubu is keeping El-Rufai in detention for 170 days over a bailable offence. Out of those 170 days, 50 days have passed without any reason given to the public, and he has gotten away with it, regardless of what the Constitution says.

 

“Bola Tinubu is now freezing the account of an entire state government, and there is nothing anybody can do about it, regardless of what the Constitution says.

 

“Bola Tinubu could write his own election result in 2027, and nothing will happen. We will simply continue living our lives.

 

“If he wants a third term, I strongly believe he can get it. The Senate will pass the bill, the House of Representatives will approve it, and the cowards you celebrate in the opposition as legislators will shout ‘AYE’ at the top of their voices, bunch of lazy, and hungry hypocrites.

 

“And NOTHING IS GOING TO HAPPEN!”

Nigeria vs Egypt: Super Falcons hammer Female Pharoahs 6-2 to reach WAFCON quarter-finals

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Nigeria’s Super Falcons have booked their place in the quarter-finals of the 2026 Women’s Africa Cup of Nations (WAFCON) after a commanding 6-2 victory over Egypt on Wednesday night.

The defending champions took the lead in the first half when Asisat Oshoala calmly converted from the penalty spot.

Nigeria doubled their advantage in the 55th minute through Gift Monday before Egypt reduced the deficit after N. Ghazy converted a penalty.

The Super Falcons quickly regained control of the contest, with Uchenna Kanu making it 3-1 in the 81st minute.

Three minutes later, Chidinma Ucheibe scored from the penalty spot to extend Nigeria’s lead to 4-1.

Ghazy grabbed her second goal of the match in stoppage time to give Egypt brief hope, but Nigeria responded in emphatic fashion as Rasheedat Ajibade and Joy Omewa found the back of the net to complete a comprehensive 6-2 triumph.

The victory secures Nigeria’s place in the last eight, where the Super Falcons will take on Group D winners Cameroon for a place in the semi-finals.

FIFA releases statement on Infantino offering Morocco 2030 World Cup final 

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FIFA has dismissed reports claiming its president, Gianni Infantino, promised Morocco the right to host the 2030 FIFA World Cup final.

Speculation had emerged suggesting Infantino offered Morocco the hosting rights for the tournament’s final as he seeks to strengthen support for his position.

 

However, football’s world governing body described the claims as “false and misleading.”

 

In a statement, FIFA said: “It is false and misleading to claim the FIFA President has made any promise in relation to hosting the FIFA World Cup 2030 Final.

 

“A decision will be made by FIFA in due course.”

 

The 2030 FIFA World Cup will be co-hosted by Spain, Portugal and Morocco, with Spain reportedly keen to stage the tournament’s final.

 

Meanwhile, the Portuguese Football Federation declined to comment when contacted by TalkSPORT.

Dollar to Naira exchange rate Today, August 5, 2026: Naira ends two-day rally, slips against US Dollar

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The Nigerian naira depreciated against the United States dollar at the official foreign exchange market on Wednesday, ending its two-day appreciation streak.

According to data released by the Central Bank of Nigeria (CBN), the naira weakened to N1,363.85 per dollar on Wednesday, compared to N1,362.55 per dollar recorded on Tuesday.

 

This represents a day-to-day depreciation of N1.30 against the US dollar at the official market.

 

However, the local currency posted a marginal gain at the parallel market, appreciating by N1 to N1,424 per dollar on Wednesday from N1,425 per dollar traded the previous day.

 

Meanwhile, Nigeria’s external reserves remained unchanged at $51.95 billion as of August 4, 2026, according to the latest figures from the Central Bank of Nigeria.

 

The latest development comes after the naira recorded consecutive gains against the dollar at the official foreign exchange market on Monday and Tuesday, while the exchange rate at the parallel market remained unchanged during the same period

Dangote Refinery slashes petrol, diesel prices 

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Dangote Refinery has reduced the prices of Premium Motor Spirit (PMS), popularly known as petrol, and Automotive Gas Oil (AGO), also known as diesel, in a move expected to trigger another round of lower pump prices across Nigeria.

The 700,000-barrel-per-day refinery on Wednesday cut its gantry price of petrol to N1,165 per litre from N1,215 per litre, representing a N50 reduction.

 

It also reduced the gantry price of diesel to N1,570 per litre from N1,650 per litre, an N80 decrease.

 

The latest price review is expected to further ease the cost of petroleum products nationwide as marketers adjust retail pump prices in line with the reduction.

 

The development comes amid a sustained decline in petroleum product prices and follows expectations by industry operators that fuel costs would continue to fall.

 

Nigerian Newssphere recalls that the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, recently said more filling stations would reduce petrol pump prices if the landing cost of imported fuel continued to decline.

 

The latest adjustment by Dangote Refinery is expected to strengthen competition in the downstream oil sector and provide relief to motorists and businesses grappling with high energy costs.

BREAKING: Nollywood actress Temitope Osoba is desd

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Nollywood actress Temitope Osoba has died following a prolonged battle with breast cancer.

The actress passed away on Tuesday evening, nearly two years after undergoing surgery for the disease.

Her death was announced on Wednesday morning by her close associate and colleague, actor Alesh Ola Sanni, in a heartfelt post on Instagram.

 

Expressing his grief, Sanni wrote: “Couldn’t sleep since last night it’s well rest in peace my dearest sister Temitope Osoba we had amazing time and good memories together till we meet again. I really dunno what to say mehn gosh.”

 

Osoba had publicly appealed for financial assistance in November 2024 to undergo a second breast cancer surgery after revealing the challenges she faced in her treatment.

 

Her appeal attracted sympathy from fans and colleagues in the Nigerian entertainment industry, many of whom rallied support for her medical care.

 

Her death has since sparked an outpouring of tributes from fans and fellow actors, who have continued to mourn her passing and celebrate her contributions to Nollywood.

‘I can defeat Tinubu, Peter Obi, Atiku in free and fair presidential election’- Davido

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Afrobeats superstar David Adeleke, popularly known as Davido, has declared that he could defeat President Bola Tinubu, Peter Obi of Nigeria Democratic Congress and Atiku Abubakar of African Democratic Congress in a free and fair presidential election if he decided to venture into politics.

The singer, however, stressed that he has no immediate plans to contest for public office, citing what he described as the lack of transparency in Nigeria’s electoral system.

 

Davido made the remarks during a recent livestream with streamer Carter Efe, where he said he would rather focus on his music career until the country’s electoral process becomes more credible.

 

When asked whether he would like to govern a state, Davido dismissed the idea, expressing distrust in the conduct of elections in Nigeria.

“Nigeria wey dem dey write result? I no get time for all those ones. Because I no be all those ones wey you go cheat me, I go go sleep for house. I will do something to you if you cheat me.

 

“Let me just focus on my music until there is transparency, then I can go ahead and contest for elective positions. Nobody can beat me in any election, never! In a free and fair election, I can win the presidential election in Nigeria.

 

“But because of the system, there is no transparency; they write results. I am waiting to see what they will do in the upcoming Osun governorship election. We are wailing,” he said.