News
June 12: Full text of speech that got MKO Abiola arrested

MKO Abiola, widely believed to have won the June 12 1993 presidential poll, will be honored posthumously by President Muhammadu Buhari on Tuesday.
The election was annulled by the government of former military ruler, Ibrahim Babamosi Babangida, IBB.
The cancellation led to nationwide protests which led to death, injury and incarceration of hundreds of Nigerians.
One year later, MKO Abiola, after waiting endlessly for the announcement of his victory, declared himself president.
Below is the full speech, delivered on June 11, 1994, and dubbed the ‘Epetedo Proclamation’, having been made in the Epetedo area of Lagos Island.
“People of Nigeria, exactly one year ago, you turned out in your millions to vote for me, Chief M.K.O. Abiola, as the President of the Federal Republic of Nigeria. But politicians in uniform, who call themselves soldiers but are more devious than any civilian would want to be, deprived you of your God-given right to be ruled by the President you had yourselves elected.
These soldier-politicians introduced into our body politic, a concept hitherto unknown to our political lexicography, something strangely called the “annulment” of an election perceived by all to have been the fairest, cleanest and most peaceful ever held in our nation.
Since that abominable act of naked political armed robbery occurred, I have been constantly urged by people of goodwill, both in Nigeria and abroad, to put the matter back into the people’s hands and get them to actualise the mandate they gave me at the polls. But mindful of the need to ensure that peace continues to reign in our fragile federation, I have so far tried to pursue sweet reason and negotiation.
My hope has always been to arouse whatever remnants of patriotism are left in the hearts of these thieves of your mandate, and to persuade them that they should not allow their personal desire to rule to usher our beloved country into an era of political instability and economic ruin.
All I have sought to do, in seeking dialogue with them, has been to try and get them to realise that only real democracy can move our nation forward towards progress, and earn her the respect she deserves from the international community.
However, although this peaceful approach has exposed me to severe censure by some who have mistaken it for weakness on my part, those with whom I have sought to dialogue have remained like stones, neither stirred to show loyalty to the collective decision of the people of their own country, nor to observe Allah’s injunction that they should exhibit justice and fair-play in all their dealings with their fellowmen.
Appeals to their honour as officers and gentlemen of the gallant Nigerian Armed Forces, have fallen on deaf ears. Instead, they have resorted to the tactics of divide and rule, bribery and political perfidy, misinformation and (vile) propaganda. They arrest everyone who disagrees with them. Even the 71-year old hero of our nation, Chief Anthony Enahoro, was not spared. How much longer can we tolerate all this? People of Nigeria, you are all witnesses that I have tried to climb the highest mountain, cross the deepest river and walk the longest mile, in order to get these men to obey the will of our people.
There is no humiliation I have not endured, no snare that has not been put in my path, no “setup” that has not been designed for me in my endeavour to use the path of peace to enforce the mandate that you bestowed on me one year ago. It has been a long night. But the dawn is here.
Today, people of Nigeria, I join you all in saying, “Enough is Enough!” We have endured 24 years of military rule in our 34 years of independence.
Military rule has led to our nation fighting a civil war with itself. Military rule has destabilised our nation today as not before in its history. Military rule has impoverished our people and introduced a dreadful trade in drugs which has made our country’s name an anathema in many parts of the world. Even soccer fans going to watch the Green Eagles display in America are being made to suffer there needlessly because Nigeria’s name is linked with credit card and fraud and “419.” Politically, military rule has torn to shreds the prestige due to our country because of its size and population.
The permanent seat at the United Nations Security Council that should be rightfully ours, is all but lost. For who will vote for Nigeria to get the seat if Nigerian military rulers do not respect the votes of their own people?
Enough of military rule. We are sickened to see people who have shown little or no personal achievement, either in building up private businesses, or making success of any tangible thing, being placed in charge of the management of our nation’s economy, by rulers who are not accountable to anyone.
Enough of square pegs in round holes. We are tired of then military repetitive tendency to experiment with our economy: Today, they say “no controls.” Tomorrow; they say “Full controls”. The day after, they say “Fine tuning”.
The next day, they say “Devaluation.” A few days later, they say “Revalue the same naira upwards again Abi?” All we can see are the consequences of this permanent game of military “about turns;” high inflation, a huge budget deficit and an enormous foreign debt repayment burden, dying industries, high unemployment and a demoralised populace.
Our youths, in particular, can see no hope on the horizon, and many can only dream of escaping from our shores to join the brain drain. Is this the Nigeria we want? We are plagued also by periodic balance of payments crises, which have led to a perennial shortage of essential drugs, that has turned our hospitals and clinics into mortuaries.
A scarcity of books and equipment has rendered our schools into desolate deserts of ignorance. Our factories are crying for machinery, spare parts and raw materials. But each day that passes, instead of these economic diseases being cured, they are rather strengthened as an irrational allocation of foreign exchange based on favouritism and corruption becomes the order of the day.
Enough is enough of economic mismanagement! People of Nigeria, during the election campaign last year, I presented you with a programme entitled “HOPE ’93. This programme was aimed precisely at solving these economic (problems) that have demoralised us all. I toured every part of Nigeria to present this programme to you the electorate. I was questioned on it at public rallies and press conferences and I had the privilege of incorporating into it much of the feedback that I obtained from the people.
Because you knew I would not only listen to you but deliver superb results from the programme, you voted for me in your millions and gave me an overwhelming majority over my opponent. To be precise, you gave me 58.4 per cent of the popular vote and a majority in 20 out of 30 states plus the Federal Capital Territory, Abuja. Not only that, you also enabled me to fulfil the constitutional requirement that the winner should obtain one-third of the votes in two-thirds of the states.
I am sure that when you cast an eye on the moribund state of Nigeria today, you ask yourselves: “What have we done to deserve this, when we have a president- elect who can lead a government that can change things for the better? Our patience has come to an end.
As of now, from this moment, a new Government of National Unity is in power throughout the length and breadth of the Federal Republic of Nigeria, led by me, Bashorun M.K.O. Abiola, as President and Commander-in-Chief. The National Assembly is hereby reconvened. All dismissed governors are reinstated.
The State Assemblies are reconstituted, as are all local government councils. I urge them to adopt a bi-partisan approach to all the issues that come before them. At the national level, a bi-partisan approach will be our guiding principle. I call upon the usurper, General Sani Abacha, to announce his resignation forthwith, together with the rest of his illegal ruling council. We are prepared to enter into negotiations with them to work out the mechanics for a smooth transfer of power.
I pledge that if they hand over quietly, they will be retired with all their entitlements, and their positions will be accorded all the respect due to them. For our objective is neither recrimination nor witch-hunting, but an enforcement of the will of the Nigerian people, as expressed in free elections conducted by the duly constituted authority of the time.
I hereby invoke the mandate bestowed upon me by my victory in the said election, to call on all members of the Armed Forces and the Police, the Civil and Public Services throughout the Federal Republic of Nigeria, to obey only the Government of National Unity that is headed by me, your only elected President.
My Government of National Unity is the only legitimate, constituted authority in the Federal Republic of Nigeria, as of now. People of Nigeria, these are challenging times in the history of our continent, Africa, and we in Nigeria must not allow ourselves to be left behind. Our struggle is the same as that waged by the people of South Africa, which has been successfully concluded, with the inauguration of Mr. Nelson Mandela as the first African President of that country.
Nelson Mandela fought to replace MINORITY rule with MAJORITY rule. We in Nigeria are also fighting to replace MINORITY rule, for we are ruled by only a tiny section of our armed forces. Like the South Africans, we want MAJORITY rule today, that is rule only by those chosen by all the people of Nigeria as a whole in free and fair elections.
The only difference between South Africa and Nigeria is that those who imposed minority rule on the majority rule whether it is by black or white, remains minority rule, and must be booted out. I call on you, heroic people of Nigeria, to emulate the actions of your brothers and sisters in South Africa and stand up as one person to throw away the yoke of minority rule for ever.
The antics of every minority that oppresses the majority are always the same. They will try to intimidate you with threats of police action. But do not let us fear arrest. In South Africa, so many people were arrested, during the campaign against the Pass Laws, for instance, that the jails could not hold all of them. Today, apartheid is gone forever.
So, let it be with Nigeria. Let us say goodbye forever to minority rule by the military. They talk of treason. But haven’t they heard of the Rivonia treason trial in South Africa? Did those treason trials halt the march of history? People of Nigeria, our time is now. You are the repository of power in the land.
No one can give you power. It is yours. Take it! From this day, show to the world that anyone who takes the people of Nigeria for fools is deceiving himself and will have the people to answer to. God bless you all. Long live the Federal Republic of Nigeria. Long live the Government of National Unity.”
News
Rivers Sole Administrator Announces Release of Withheld Allocations

… Assures Prompt Salary Payment
The Sole Administrator of Rivers State, Ibok-Ete Ibas, has announced the release of withheld local government allocations, assuring that necessary steps would be taken to ensure the prompt payment of workers’ salaries.
Ibas disclosed this on Thursday during a meeting with Heads of Local Government Administrators in Port Harcourt, describing the engagement as a crucial step towards restoring stability and progress in the state.
He lamented the economic hardship in the Niger Delta, noting that despite the region’s wealth of natural resources, many of its people continued to suffer.
“This is unacceptable,” he said, stressing the need for transformation and financial accountability.
The administrator expressed concern over the delay in salary payments across local government areas, acknowledging the struggles of affected workers.
“I feel the pain of the workers,” he stated, assuring them that the withheld allocations had been released and that his administration would ensure prompt payment of salaries.
However, he warned that financial discipline would be strictly enforced, directing all local government areas to submit their wage bills with supporting documents through the office of the Head of Service.
Ibas, a retired Vice Admiral and former Chief of Naval Staff, vowed to scrutinise public funds and take decisive action against mismanagement.
“Good governance is not just a slogan; it is a commitment to changing the negative narrative within the next six months,” he added.
He also emphasised the need for collaboration with traditional rulers and security agencies to enhance grassroots security.
“You must take the lead in ensuring security within your domains,” he charged local government administrators.
Reacting, the President of the Nigeria Union of Local Government Employees (NULGE) and Administrator of Port Harcourt Local Government Area, Clifford Paul, commended the Federal Government for appointing Ibas, attributing the decision to his leadership competence.
He urged the administrator to prioritise workers’ welfare, stating that local government workers were currently owed two months’ salaries.
“With the release of the withheld allocations, we are hopeful that workers will receive their entitlements soon,” he said.
Paul further called on stakeholders to seize the opportunity to rebuild trust and foster unity in the state.
News
Tinubu Swears in Ibas as Rivers Sole Administrator

President Bola Tinubu has sworn in Vice Admiral Ibok-ete Ibas (rtd.) as the Sole Administrator of Rivers State, following a brief meeting at the Presidential Villa on Wednesday afternoon.
Ibas’ appointment comes a day after Tinubu, in a nationwide broadcast, declared a state of emergency in Rivers State and suspended Governor Siminalayi Fubara, Deputy Governor Ngozi Odu, and all members of the Rivers State House of Assembly.
The President cited Section 305 of the 1999 Constitution as the legal basis for his action, stating that he could no longer stand by as the political crisis in the state escalated.
However, the suspension of Fubara and other elected officials has sparked widespread condemnation. Former Vice President Atiku Abubakar, Labour Party’s Peter Obi, senior lawyer Femi Falana (SAN), the Peoples Democratic Party (PDP), the Nigerian Bar Association (NBA), and several civil society groups have rejected the move, describing it as unconstitutional and undemocratic.
In contrast, the pro-Nyesom Wike faction of the Rivers State Assembly, led by Martins Amaewhule, has praised Tinubu’s decision, accusing Fubara of disregarding a Supreme Court ruling related to the state’s political crisis.
Vice Admiral Ibas, a retired naval officer, previously served as Chief of Naval Staff from 2015 to 2021 under President Muhammadu Buhari. Born in Cross River State, he attended the Nigerian Defence Academy in 1979 and went on to have a distinguished military career, rising to the highest ranks in the Navy.
He is a member of the Nigerian Institute of International Affairs (NIIA) and the Nigerian Institute of Management. In 2022, Buhari conferred upon him the national honour of Commander of the Federal Republic (CFR) in recognition of his service.
Ibas now assumes leadership of Rivers State amid a deeply divided political landscape, with tensions running high over the legality and implications of the emergency rule.
News
FAAC Disbursements Rise by 43% in 2024, Hit N15.26tn

The Federation Accounts Allocation Committee (FAAC) disbursements to the federal, state, and local governments surged by 43 per cent in 2024, reflecting a major boost in government revenue inflows.
According to the latest FAAC Quarterly Review released in Abuja on Tuesday, the Nigerian Extractive Industry Transparency Initiative (NEITI) disclosed that a total of N15.26 trillion was allocated to the three tiers of government within the year under review.
NEITI’s Acting Director, Communication & Stakeholders Management, Obiageli Onuorah, described the disbursements as a historic high, noting that the allocations surpassed previous years by a remarkable margin.
Key Drivers of Revenue Growth
The report attributed the surge in FAAC disbursements to sustained fiscal reforms by the Federal Government, particularly the removal of fuel subsidies and foreign exchange rate adjustments. These policies have significantly boosted oil revenue remittances and overall government earnings.
Speaking at the official release of the report in Abuja, NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, highlighted the impact of these reforms on national and subnational finances. He noted that the withdrawal of fuel subsidies in mid-2023 reshaped revenue distribution and affected debt repayment deductions from state allocations.
Dr Orji stated that the objective of the report was to assess the sustainability of government borrowing, the fiscal implications of resource dependence, and the economic realities confronting states benefitting from the 13% derivation revenue from oil, gas, and solid minerals.
“The analysis focused on crude oil revenue derivation states, as solid minerals continue to underperform despite their significant potential,” he added.
Breakdown of FAAC Allocations
According to the NEITI report, FAAC disbursements in 2024 were as follows:
Federal Government: N4.95 trillion
State Governments: N5.81 trillion
Local Governments: N3.77 trillion
Total FAAC Disbursement (Including Derivation Revenue): N15.26 trillion
State governments recorded the highest percentage increase in allocations, jumping by 62% from N3.58 trillion in 2023 to N5.81 trillion in 2024. Local government councils saw a 47% increase, while the federal government’s share rose by 24% from N3.99 trillion in 2023.
The report highlighted that FAAC allocations grew by 66.2% over three years, rising from N9.18 trillion in 2022 to N10.9 trillion in 2023 and N15.26 trillion in 2024, with the most significant leap occurring between 2023 and 2024.
Economic Risks and Challenges
Despite the revenue boost, NEITI cautioned that economic risks associated with fiscal reforms must be managed effectively. Key risks identified include:
Inflationary pressures
Possible rise in debt servicing costs
Fiscal uncertainty for oil-dependent states
The agency urged governments at all levels to adopt innovative measures to cushion the impact of these economic challenges.
State-by-State Allocation Analysis
Lagos received the highest FAAC allocation in 2024, with N531.1 billion, followed by:
Delta State: N450.4 billion
Rivers State: N349.9 billion
Conversely, the least allocations went to:
Nasarawa State: N108.3 billion
Ebonyi State: N110 billion
Ekiti State: N111.9 billion
The report also showed that six states—Lagos, Rivers, Bayelsa, Akwa Ibom, Delta, and Kano—each received over N200 billion, collectively accounting for 33% of total state allocations. Meanwhile, the six lowest-receiving states—Yobe, Gombe, Kwara, Ekiti, Ebonyi, and Nasarawa—received only 11.5% of total allocations.
Debt Deductions Raise Fiscal Concerns
A total of N800 billion was deducted from states’ allocations for foreign debt servicing and contractual obligations, representing 12.3% of total state allocations.
Lagos State had the highest debt deduction, with N164.7 billion, followed by:
Kaduna State: N51.2 billion
Rivers State: N38.6 billion
Bauchi State: N37.2 billion
NEITI warned that many states with high debt burdens were among the lower FAAC recipients, raising concerns about debt sustainability and overall fiscal health.
With the federal and state governments increasingly reliant on oil revenue, the report emphasized the need for economic diversification, stronger financial management, and sustainable debt practices to ensure long-term fiscal stability.
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