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Controversy Trails Appointment of New IST Chairman Amid Conflicting Presidential Approvals
By Samson Adewale
On the 13th of August 2025. Mr. President approved the recommendations of the Minister of State Finance for the re appointment of Mr. Amos Isaac Azi, as the chairman of and IST, and Gbenga Ganiyu Oyekanmi, member for the 2nd and final term of 5 and 4 years respectively, as well as the appointment of 10 other new members of the Tribunal in accordance with the extant provisions the ISA 2025.
Letters conveying Mr. president’s approval was appropriately issued by the Permanent Secretary/accounting officer of the federal ministry of finance on the 21st of August 2025. The Tribunal was thus fully constituted and commenced its statutory functions.
Subsequently, on the 30th of September 2025, the news media reported via a statement issued by the director of press in the SGF’s office alleging that the same Mr President had appointed one Aminu Jinadu as the new chairman of the IST.
The questions that beg for answers are: on whose recommendation did the President approve the appointment of the said Jinadu, did Jinadu’s appointment meet the requirements of the provisions of the ISA 2025, between MoF and the SGF who has the statutory rights to recommend to the President the persons eligible to be appointed as chairman and members of the IST?.
A casual look at the appointment letter of Jinadu as obtained from the social media shows his appointment was dated 24th of September and allegedly in accordance with 315 and 319of the “Investment and Security Tribunal Act 2025”. Is there such a law and agency in the country?
A quick check shows that there’s no such an Act. why would the SGF issue an appointment based on a non existant Act and agency?. Why would the SGF issue an appointment letter relying on a nonexistent Act?. And even if otherwise, why would SGF issue such an appointment when the chairman’s office isn’t vacant?.
By the extant provisions of the ISA 2025, it’s the Minister of Finance that has the statutory powers to recommend for both the appointment and removal of the IST chairman.
The action of the SGF tends to give credit to the story that appointments are sold to the highest bidders by people in authority and close to the Mr. President. The action also shows that some people are deliberately putting the credibility of the government in question.
It also shows that the good intentions of Mr. President president is being sabotaged by people occupying otherwise strategic positions in the government. It portrays gross incompetence, lack of capacity, and corruption in the system. A casual look at the profile of Aminu Jinadu shows that he doesn’t even have the statutory minimum 15 years post call to the bar experience in capital market law and practice to even be considered for such a technical and specific knowledge based appointment. Certainly, the SGF and his irks are causing serious reputational damage to the government. Mr Jinadu, on the 2nd of October 2025, in a commodore style, went to Tribunal’s premises with heavily armed security personnel in an attempt to forcefully take over.
The security personnel that he came with, harassed the staff and scuttled the court proceedings for that day.
The incompetent and corrupt Chief Registrar (CR) not only gave him access of the Tribunal premises, he also quickly organised a meeting with the Directorate staff of the Tribunal, where all questions about genuiness and integrity of Jinadu’s appointment were not answered, and instead he offered to staff present the of 5m.
How much he offered to the CR can rightly be guessed. Since Jinadu offered 5m to staff, how much did he offer to the SGF and his urchins to facilitate the issuance of the appointment and also go to press?.
Adewale, writes from Abuja



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Fuel Price May Hit ₦5,000 Per Litre Under Tinubu — Atiku Warns
By Fabian Apechihin
Former Vice President Atiku Abubakar has warned that petrol prices could rise to ₦5,000 per litre under President Bola Tinubu’s administration if the government fails to address concerns surrounding oil revenues and public spending.
Atiku raised the alarm through his Senior Special Assistant on Public Communication, Phrank Shaibu, following the latest petrol price increase.
He questioned why Nigerians were paying as much as ₦1,470 per litre when crude oil was trading at approximately $102.52 per barrel.
“With crude oil around $102.52 per barrel, Nigerians are paying as much as N1,470 per litre. In 2008, when crude oil reached about $147 per barrel, petrol sold at N65 per litre under the Yar’Adua administration,” Atiku said.
The former vice president called for a reconciliation of oil revenues and deductions from 2023 to date, arguing that Nigerians should be able to establish how much revenue was generated, what deductions were made before distribution and where the funds eventually went.
“Nigerians deserve accounts they can interrogate, not accounting labels designed to discourage questions,” he said.
Atiku also questioned the use of funds saved following the removal of the petrol subsidy, recalling the government’s earlier assurances that the savings would create room for increased investment in education, healthcare and infrastructure.
“After all the pain imposed on Nigerians, they have a right to ask: where are the subsidy savings and where is the money?” he asked.
He further called for scrutiny of financial transactions involving the Renewed Hope Infrastructure Development Fund, OML 143, oil production revenues and the Nigerian National Petroleum Company Limited’s international liquefied natural gas trading operations.
“These allegations are too serious to be answered with press statements and political insults. Every barrel can be measured, every cargo identified and every legitimate payment traced,” Atiku said.
The former vice president’s remarks come amid continuing public debate over petrol pricing, oil revenue management and the economic impact of subsidy removal on Nigerians.
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2027: Atiku Hosts Aisha Buhari in Abuja Amid Political Realignment
Former Vice President Atiku Abubakar on Wednesday hosted the former First Lady, Aisha Buhari, in Abuja, in a meeting that has attracted attention amid growing political realignments ahead of the 2027 general elections.
Neither Atiku nor Aisha publicly disclosed details of their discussions or indicated whether the meeting centred on political matters.
The meeting comes against the backdrop of renewed interest in the Buhari family’s political influence, particularly in Katsina State.
In May, Yusuf Buhari, son of the late former President Muhammadu Buhari, won the All Progressives Congress (APC) primary for the Sandamu/Daura/Mai’adua Federal Constituency seat in Katsina State. He secured 6,386 votes, defeating Auwal Daura, who polled 322 votes.
The outcome generated considerable interest within political circles in the Daura axis, where the Buhari family has maintained a strong political presence.
Aisha Buhari has also remained active in promoting the legacy of her late husband, who died in London on July 13, 2025.
In July, she described education and human capital development as among Muhammadu Buhari’s most important legacies while speaking at the groundbreaking ceremony for a Computer Science Complex at Al-Qalam University, Katsina.
The project is being financed with proceeds from the book From Soldier to Statesman: The Legacy of Muhammadu Buhari, which chronicles the former president’s life and public service.
Aisha said the initiative was aimed at preserving Buhari’s legacy through investment in education, knowledge and innovation rather than through the construction of monuments.
Although the purpose and outcome of Wednesday’s meeting between Atiku and Aisha were not publicly disclosed, the encounter has drawn attention as political actors and groups continue to position themselves ahead of the 2027 elections.
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2027: VP Shettima Urges Politicians To Play Politics without Bitterness
- As Gov AbdulRazaq Is Turbaned As Sadauna Of Ilorin Emirate
Stephen Olufemi Oni, Ilorin
Vice President Kashim Shettima has stressed the need for politicians to embrace one another, play politics without bitterness and according to the rules in order to ensure an astronomical growth and development for the country.
Shettima made the appeal on Wednesday in Ilorin, the Kwara State capital, at the turbaning of Governor AbdulRahman AbdulRazaq as the Sardauna of Ilorin Emirate by the Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari, while admonishing
Nigerians to serve with humility, do good to one another and have forgiving spirit, as they, according to him, would spend more time after office.
He added: “Power is given by God to the people He so wishes and not because we are better than others. I, therefore, call on all politicians to unite themselves as one family despite their political differences.
“Take a cue from President Bola Ahmed Tinubu that I serve as his assistant. He is a good and decent man who has the love and interest of Nigerians at heart.”
Shettima explained that when they assumed office in 2023, the economy of the country was at the brink of collapse, but President Tinubu refused to pass blame; with courage he accepted both the assets and liabilities and moved on.
He further disclosed that during the 2023 electioneering campaign, only six out of the 19 northern governors supported Tinubu’s presidential aspiration, based on the erroneous belief that Baba (Buhari) didn’t like him, adding: “But today the President has embraced everybody as his own and things are going on well”.
He added: “President Bola Ahmed Tinubu is a good man by all standard; he believes in the people that work with him.”
Shettima also thanked the Emir of Ilorin for the honour done to Governor AbdulRazaq, which , he noted, was based on his contributions to the development of the Ilorin Emirate and the State at large, adding that “the father of the Governor had planted a solid footprint in the Ilorin Emirate and by extension Nigeria as a whole”.
Shettima, who expressed optimism that this new chapter would create a stronger bond between the Emirate and the family of Governor AbdulRazaq, urged the people to continue to pray for the progress and development of the Emirate and the State as a whole.
He commended Governor AbdulRazaq for his efforts in the massive improvement on infrastructure to assist the people of the State, as well as for his
contributions to the actualisation of policies and programmes of government at the federal level towards providing succour to average Nigerians.
In his remarks, the Matawaliof Ilorin Emirate, Dr.Alimi AbdulRazaq, said the title of Sardauna bestowed on the Governor was well deserved, thanking the Emir of Ilorin for finding the Governor worthy of the noble recognition by the Emirate.
Dr,Alimi urged the Governor to see the tittle as a clarion call to provide more dividends of democracy to the nooks and crannies of the State.
The turbaning ceremony witnessed large turnout of dignitaries, including the Governor of Niger state, Umar Bago, Governor of Kaduna state, Senator Uba Sani, Governor of Imo State ,Hope Uzodinma, and Governors of Kebbi ,Katsina States.
Others are the Emir of Zazzau Emirate, Ambassador Ahmed Nuhu Bamali, the Deputy Governors of Sokoto, Anambra, Nasarawa, Delta, Ondo, and Oyo States.
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