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Obasanjo: Democracy has been reduced to monetocracy

“Nations like Nigeria, Egypt, Ethiopia, the Democratic Republic of Congo, and South Africa ought to be leading the continent’s development charge given their demographic, resource, or economic strengths. Instead, these countries have continued to record retarded growth.”

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Former President Olusegun Obasanjo says that democracy on the African continent is being reduced to ‘monetocracy’, a system where money determines leadership .

Obasanjo spoke on the state of the continent during the 32nd annual general meeting of Afreximbank in Abuja, yesterday.

Obasanjo criticised the winner-takes-all mentality that leaves opposition parties disenfranchised and democratic processes hollow.

Obasanjo: Time to roar is now, Africa’s sleeping giants must drive own growth By : Helen Oji Date: 27 Jun 2025Share :ObasanjoObasanjoFormer President Olusegun Obasanjo has blamed Africa’s over reliance on foreign aid, poor leadership, corruption, and a flawed democratic system for the continent’s lack of progress.Speaking on the state of the continent at the 32nd Annual Meeting of Afreximbank in Abuja yesterday,

Obasanjo said that Africa’s so-called ‘lions’, its most populous and resource-rich countries have failed to achieve meaningful growth weighed down by systemic inefficiencies and misguided governance.

” Nations like Nigeria, Egypt, Ethiopia, the Democratic Republic of Congo, and South Africa ought to be leading the continent’s development charge given their demographic, resource, or economic strengths. Instead, these countries have continued to record retarded growth.”

While Egypt has made notable progress, he lamented that the others have either regressed or stagnated over the past three decades, often taking two steps forward and one step back.

He described these nations as ‘lions’ that are not moving economically or politically enough to uplift smaller or less endowed African states.

He argued that Nigeria, in particular has immense potential but remains shackled by corruption, ignorance, and a persistent dependence on foreign assistance.

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Politics

Police Disrupt BAT/OGD Rally in Ogun

The incident is the latest twist in the deepening political rift between Daniel and Governor Dapo Abiodun, both prominent figures within the All Progressives Congress (APC) in the state.

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Police on Wednesday disrupted a planned political gathering of supporters of former governor Gbenga Daniel at his GRA residence Ijebu-Ode Local Government area of Ogun State.

The incident is the latest twist in the deepening political rift between Daniel and Governor Dapo Abiodun, both prominent figures within the All Progressives Congress (APC) in the state.

“Police stormed the Obanta Club area and blockaded OGD’s residence to deny access to the venue of the BAT/OGD Community Assessment and Review Tour scheduled for Wednesday, April 22, 2026,” said an aide to the former governor, who currently represents Ogun East Senatorial District in the 10th Senate.

It was learned that security agents blocked all access routes to Daniel’s residence, effectively preventing members of the group from holding their meeting.

The BAT/OGD; Bola Ahmed Tinubu/Otunba Gbenga Daniel Movement, is a grassroots political platform mobilising support for President Bola Tinubu’s second-term bid in 2027, alongside Daniel’s anticipated return to the Senate.

The programme, convened under the Gateway Front Foundation; an initiative of Senator Daniel, has traditionally served as a platform for empowering constituents across the senatorial district.It was gathered that no fewer than 10,000 beneficiaries were expected to benefit from the outreach.

However, the heavy presence of security operatives reportedly forced organisers and participants to abandon the event.

Eyewitnesses said many supporters were left stranded and visibly distraught, as they could not gain entry to the venue due to the blockade.

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Supreme Court postpone ruling on ADC’s leadership disputes

A five-member panel, headed by Justice Mohammed Garba announced on Wednesday that the date of judgment would be communicated to lawyers who represented parties.

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The Supreme Court has reserved its judgment in the appeal filed by factional National Chairman of the African Democratic Congress (ADC) in relation to the leadership dispute in the party.

A five-member panel, headed by Justice Mohammed Garba announced on Wednesday that the date of judgment would be communicated to lawyers who represented parties.

A reserved judgment (or judgment reserved) is a legal term meaning a court has postponed its final ruling to a future date, rather than delivering it immediately after a hearing.

The judge or bench takes time to carefully consider complex evidence, arguments, and legal precedents, often issuing a written decision later.

Justice Garba made the announcement after lawyers to parties adopted their various briefs and prayed the court to grant their reliefs.

Mark’s appeal, marked: SC/CV/180/2026 is against the March 12 judgment of the Court of Appeal, which dismissed his appeal against the September 4, 2025 ruling by Justice Emeka Nwite of the Federal High Court in Abuja refusing to grant some injunctive reliefs contained in an ex-parte application filed by a chieftain of the party, Nafiu Bala Gombe.

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Adelabu to resign as power minister

Adelabu is resigning for his governorship aspiration in the 2027 election.

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The Minister of Power, Mr Adebayo Adelabu will be resigning his position as minister of power in the coming days.

This was disclosed this morning by Mr Tunji Bolaji, Special Adviser on Strategic Communications and Media Relations to the minister.

According to Bolaji, Adelabu is resigning for his governorship aspiration in the 2027 election.

He said that the timing of the minister’s anticipated resignation reflected his commitment to addressing key sectoral challenges and ensuring continuity in ongoing reforms prior to exiting office.

According to him, Adelabu, on Tuesday, met with President Bola Tinubu at the Presidential Villa, where he presented a comprehensive report on his stewardship of the power sector over the past two and a half years.”

President Tinubu commended the minister for his dedication and the progress recorded, particularly in laying a strong policy foundation for the transformation of the power sector.

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