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Peter Obi of Labour Party Defeats Tinubu of APC in Lagos Presidential Election

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Tinubu and Peter Obi

In a stunning upset, Peter Obi, the presidential candidate of the Labour Party, has emerged victorious over the candidate of the All Progressives Congress (APC), Bola Tinubu, in the Lagos State presidential election.

The result was announced at the Independent National Electoral Commission (INEC) Lagos State collation centre in Yaba, following the collation of results from all nine local government areas won by Obi.

Obi, who won in Ajeromi-Ifelodun, Amuwo-Odofin, Eti-Osa, Ikeja, Kosofe, Oshodi-Isolo, Somolu, Ojo and Alimosho, polled a total of 582,454 votes, while Tinubu garnered 572,606 votes from the remaining 10 local government areas which he won.

The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, trailed behind with 75,750 votes, while the presidential candidate of the New Nigeria People’s Party (NNPP), Rabiu Kwankwaso, had a total of 8,8442 votes, Investors King reports.

The victory of Obi in Lagos, which is widely regarded as the stronghold of the APC, has been hailed as a major upset in the Nigerian political landscape. Many analysts attribute the defeat of Tinubu to the rising popularity of Obi and his message of change and progress, which resonated strongly with the people of Lagos.

Obi, who is a former governor of Anambra State, has promised to tackle the issue of insecurity, improve the economy, and create jobs for the youth if elected as president. His victory in Lagos is seen as a major boost to his campaign and a sign of the growing support for his vision of a better Nigeria.

The defeat of Tinubu in Lagos, which is his home state and the political base of his party, is expected to have far-reaching implications for the APC and the 2023 presidential election. It is also seen as a warning to other politicians who have become complacent and out of touch with the people they represent.

The victory of Obi in Lagos State is a clear indication that the Nigerian electorate is becoming more discerning and willing to vote for candidates based on their record of performance and vision for the future. It is a call to all politicians to be more responsive to the needs of their constituents and to work towards building a better Nigeria for all.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Court of Appeal Upholds Adeleke’s Victory in Osun State Governorship Election

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Ademola Adeleke

In a landmark judgement, the Court of Appeal sitting in Abuja has affirmed the victory of Senator Ademola Adeleke as the rightful governor of Osun State.

The ruling, which comes as a surprise to many, overturned the decision of the Osun State Governorship Tribunal which had earlier nullified Adeleke’s election victory.

Following the governorship polls in the state, an Election Petition Tribunal had sacked Adeleke from office, citing his failure to secure the majority of lawful votes during the July 16 governorship polls. However, in a unanimous agreement by a three-man panel led by Justice Mohammed Shuaibu, the Court of Appeal quashed the tribunal’s judgment and gave its verdict to uphold Adeleke’s victory.

The Appeal Court Panel revoked the tribunal’s order which directed that a Certificate of Return be withdrawn from Adeleke and issued to his predecessor and All Progressives Congress (APC) candidate, Gboyega Oyetola. The panel held that the Osun State Tribunal was wrong to have said that there was overvoting, a claim that only relied on the evidence by Oyetola and the APC, and as such, doesn’t prove their case in any way.

The judge faulted Oyetola and APC, that they only relied on the data from the back end server and failed to look at the voters register which forms the foundation of the whole electoral process and as such, cannot strengthen their allegations of overvoting. The court also resolved in favour of Adeleke on the issue of jurisdiction, stating that section 285(8) of the constitution as amended, the court has every right to entertain the appeal.

The ruling is a significant victory for the Peoples Democratic Party (PDP) and Adeleke, who had been locked in a legal battle with the APC over the governorship position since the election. Many Nigerians have applauded the Court of Appeal’s decision as a step towards consolidating the country’s democracy and upholding the rule of law.

The decision has also set a precedent for future electoral disputes in the country, as it highlights the importance of credible evidence in proving electoral malpractice claims. This ruling has shown that allegations of overvoting cannot be sustained without concrete evidence from the voters register, and political parties must be thorough in their investigations and presentation of evidence in such cases.

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NIMC: Presidential Council Faults N1000 NIN Fee, Demands Review 

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The recently announced N1000 National Identification Number (NIN) verification fee for the application, issuance and renewal of international passports by the National Identity Management Commission (NIMC) has been criticised.

The Presidential Enabling Business Environment Council, PEBEC faulted the mandated charge and called for a review.

Investors King had earlier reported that NIMC declared that Nigerians living in the country will pay N1000, while Nigerians residing in other African countries will pay $3 or its equivalent in other currencies and those in other continents across the world will pay $10 or its equivalent in other countries as NIN verification fee for application, issuance and renewal of their international passports.

Reacting to the development, the Special Adviser to the President on Ease of Doing Business/PEBEC Secretary, Jumoke Oduwole, in a statement, emphasised the need for a review to make citizens enjoy quicker and less expensive government services.

Oduwole, who commended the collaboration between NIMC and Nigerian Immigration Service (NIS), said such a partnership will enhance passport services.

She noted that stakeholders are not impressed with the extra charge to be paid for the NIN verification before they can process their passports.  

According to her, the outline of the Business Facilitation (Miscellaneous Provisions) Act 2022 signed into law by the President Muhammadu Buhari on February 8, 2023 states that where an applicant requires the service of a ministry, department or agency, the MDA involved is mandated to conduct the necessary verification or certification from relevant MDAs, in respect of the applicant.

Investors King understands that PUBEC was set up in 2016 by President Buhari with the aim of curbing hectic bottlenecks and bureaucratic limitations accompanied with owning and managing business enterprises in Nigeria. 

The chairman of the council is the vice president, Prof. Yemi Osinbajo. PUBEC has since its existence periodically issued EO1 Compliance Reports containing monthly reports of Ministries, Departments and Agencies submitted to the council.

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INEC Considers Postponement of Governorship and State Assembly Elections Amidst Legal Battles

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BVAS Machine

The Independent National Electoral Commission (INEC) is currently considering the possibility of postponing the upcoming governorship and state assembly elections, following the legal battles that have arisen from the recent presidential and national assembly polls.

INEC is expected to make a decision on the issue during a meeting of its national commissioners, scheduled for Wednesday night.

Investors King understands that the legal battles revolve around the extraction of data embedded in the bimodal voter accreditation system (BVAS) and the inspection of other election materials.

The presidential candidate of the Labour Party (LP), Peter Obi, and the standard bearer of the Peoples Democratic Party (PDP), Atiku Abubakar, have filed similar applications seeking to obtain the certified true copy (CTC) of all the data in the BVAS.

INEC has opposed the applications, arguing that granting them would affect its preparations for the forthcoming elections.

Tanimu Inuwa, counsel to INEC, has asked the court to vary the orders granting permission to Obi and Atiku to inspect all the sensitive materials used in the conduct of the presidential election.

However, the court has refused to grant INEC’s request, stating that the commission failed to specify which of the orders it wished to vary.

The court has clarified that it granted Obi and LP permission to do electronic scanning and/or make photocopies of voter registration and ballot papers used in the conduct of the election, and not permission to access the database of INEC, as misconceived by the electoral body.

Given the legal battles and the possible impact on preparations for the forthcoming elections, INEC is now considering postponing the governorship and state assembly elections.

This decision, if taken, would have significant implications for the electoral process and could further heighten tensions in the country.

The ongoing legal battles highlight the need for all stakeholders to work together to ensure a free, fair and credible electoral process. It is essential that INEC and other stakeholders prioritize the integrity of the electoral process over political expediency and work towards resolving these legal disputes in a timely and transparent manner.

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