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How Buhari crippled Nigerian economy- Oshiomhole
Former governor and Edo North Senator, Adams Oshiomhole, has said that the “excessive printing of money” by the Central Bank of Nigeria under the administration of former President Muhammadu Buhari through the Ways and Means policy crippled the naira.
The Ways and Means provision allows the Federal Government to borrow from the CBN if it needs emergency finance to fund delayed government expected cash receipts of fiscal deficits.
At a Progressives Governors Forum’s Meeting and Interactive Session in Benin City, Edo State, on Saturday, Oshiomhole blamed the policy for the eventual collapse of the Nigerian currency against the US dollar.
“We are coming from a country that was almost like Zimbabwe or Idi Amin’s Uganda where he asked the Central Bank governor ‘go and print more money for us to share to the people’. And the governor said, ‘if we print more money, Uganda currency will be like a sheet of paper’.
“This is what the immediate past CBN governor was doing. In the Senate, we have the record that they printed over N31 trillion which they called Ways and Means. You know when the government wants to deceive people they use jargon.
“They called it Ways and Means but I can tell you what it means: it means a situation in which the government prints banknotes, not based on what we have earned or any resources, just print banknotes to go and share to the people to meet their money illusion. It is the result of that excessive printing of banknotes that led to the collapse of the naira,” Oshiomhole said.
The former Edo State governor further stated that “to understand the root cause of the present cost of living and the exchange rate regime, you must trace it and locate it in terms of the excessive amount of banknotes through so-called Ways and Means which the past government created and which this government has eliminated”.
He added that Nigeria was “borrowing everyday the way fish drink water”, adding that it has become President Bola Tinubu’s burden to pay back those loans in order to guarantee the sovereignty of Nigeria.
In 2024, the Senate inaugurated an ad-hoc committee to investigate the Ways and Means and the Anchor Borrowers Programme of the apex bank.
The Supreme Court has nullified the national convention of the Peoples Democratic Party (PDP) held in Ibadan, Oyo State, on November 15 and 16, 2025.
The convention had produced a factional national executive of the party led by Tanimu Turaki, SAN.
The apex court’s decision has now affirmed earlier judgments which held that the exercise was conducted in violation of subsisting court orders.
The Ibadan convention had been the subject of prolonged legal disputes before the Supreme Court’s verdict.
A Federal High Court had earlier restrained the PDP from going ahead with the convention, citing alleged breaches of the party’s constitution and failure to comply with due process.
The court also noted unresolved disputes from state congresses and the alleged exclusion of some aspirants from the process.
Despite the order, the convention went ahead, leading to further litigation. The Court of Appeal subsequently upheld the decision of the lower court.
It affirmed that the convention was held in violation of valid judicial pronouncements and that its outcome could not stand.
Dissatisfied with the concurrent judgments, the Turaki-led faction approached the Supreme Court, seeking to overturn the decisions and validate the convention as well as the executives it produced.
The Supreme Court’s decision to void the convention has effectively settled the legal dispute over the legitimacy of the factional leadership that emerged from the exercise.
….The Commission wants IGP to address use of excessive force by police
The Executive Secretary of the National Human Rights Commission (NHRC), Dr. Tony Ojukwu OFR, SAN, has strongly condemned the alleged extrajudicial killing of a 28-year-old Nigerian, Mene Ogidi, by a police officer, ASP Nuhu Usman, on April 26, 2026, in Efurun, Uvwie Local Government Area of Delta State.
In a statement issued in Abuja, Dr. Ojukwu described the incident as “deeply disturbing and a direct assault on human dignity, the Constitution of the Federal Republic of Nigeria, and the rule of law.”
He stressed that no Nigerian should lose their life at the hands of those sworn to protect them, reiterating that every life matters and must be protected.
According to him, “the reported action of the officer involved is condemnable, unacceptable, and completely inconsistent with the principles of justice and a civilized society.”
The statement which was signed by Hajia Fatimah Agwai Mohammed, Director, Corporate Affairs and External Linkages, quoted Ojukwu to have expressed grave concern over the recurring incidents of excessive use of force by law enforcement officers and called on the Nigeria Police Force to take urgent and decisive steps to address the issue.
He specifically urged the police authorities to subject officers deployed on special duties to periodic mental and psychological evaluations to ensure they are fit to carry arms and engage with civilians responsibly.
Dr. Ojukwu further called for the immediate disciplinary action against ASP Nuhu Usman in line with extant laws and police regulations.
He also emphasized the need for the Nigeria Police Force to fully implement the recommendations of the Commission’s Panel on Police Brutality as a necessary step toward meaningful reform and prevention of future violations.
“The Commission demands immediate arrest and a transparent investigation into the incident, dismissal of the officer involved, and swift prosecution in accordance with the law.
We hereby call for adequate compensation and justice for the family of the victim,” he stated.
He warned that justice delayed only deepens public distrust in state institutions and undermines confidence in law enforcement.
The Executive Secretary assured that the NHRC will continue to monitor the case closely and will persist in its advocacy for accountability, justice, and the protection of the fundamental rights of all Nigerians.
“Nigeria must never normalize brutality. Justice must speak louder than silence,” he concluded.
The Supreme Court of Nigeria will on Thursday, deliver judgments in two cases involving the leadership crises rocking the African Democratic Congress and the Peoples Democratic Party.
According to information on the official website of the court, the matters, listed under “Political Appeals”, have been added to the cause list for Thursday, April 30, 2026.
While judgment in the ADC matter, marked SC/CV/180/2026, has been fixed for 2 pm, there is no time yet for that if the PDP.
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