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Former Vice President Atiku Abubakar has raised the alarm over the continued decline in Nigeria’s external reserves despite a huge crude oil windfall due to the Middle East crisis.

Atiku spoke in a statement by his spokesperson, Phrank Shaibu, on Sunday.

DAILY POST reports that Nigeria’s foreign reserves dropped to $48.37 billion as of 29th April 2026, according to Central Bank of Nigeria, CBN, data.

This comes despite a huge N5 trillion oil windfall within this period.

Reacting, Atiku said the development is a contradiction begging for answers from President Bola Tinubu’s administration.

According to him, the contradiction exposed a dangerous pattern of economic mismanagement under Tinubu’s administration.

“This is not stability—it is a fragile illusion sustained by burning through national savings. A nation cannot consume its buffers to mask policy failures while ignoring the structural weaknesses undermining its currency. Defending the naira without fixing productivity, exports, and investor confidence is akin to pouring water into a basket,” the statement said.

Atiku issued two clear warnings: “First, this windfall must not be squandered on recurrent expenditure or political patronage. It must be deployed deliberately to provide targeted relief to Nigerians—through structured interventions that cushion the impact of fuel price increases, stabilize food supply chains, and support the most vulnerable. To do otherwise is to profit from the suffering of the people while offering them nothing in return.

“Second, the government must abandon the reckless defense of the naira through reserve depletion and instead invest this windfall in long-term economic strength. Priority must be given to domestic refining capacity, critical infrastructure, and policies that boost non-oil exports and restore investor confidence. The naira cannot be defended by force; it must be strengthened by fundamentals.

“Let it be said without equivocation: windfalls are tests of leadership. They reveal whether a government is committed to sustainable nation-building or addicted to short-term optics. Nigeria’s external reserves are not a political war chest, and this oil windfall is not a license for fiscal indiscipline.

“Nigerians deserve honesty, discipline, and foresight—not illusion, waste, and economic brinkmanship.”

DAILY POST reports that crude oil prices surged to around $101 and $108 per barrel for West Texas Intermediate and Brent crude from less than $70 per barrel in early February 2026.

The General Overseer of the Redeemed Christian Church of God, Enoch Adeboye, has said that Nigeria’s next president ahead of the 2027 general elections has already been determined by God.

Speaking during a workers’ meeting at the Redemption City on the Lagos-Ibadan Expressway on Saturday, Adeboye said the outcome of the election is beyond human influence, insisting that divine will will ultimately prevail.

He said, “The next president has already been decided by God who owns the universe. It is not something we can determine by human effort alone. The will of God will be done.”

Adeboye cautioned Nigerians against anxiety over political developments, adding that God remains sovereign over the nation’s future.

“I never said we should not be involved in politics, but we must understand that God has the final say in the affairs of men,” he said.

Adeboye urged citizens to remain prayerful and peaceful as political activities intensify ahead of the 2027 elections.

“We should do our part, but we should also keep on praying and trust God. That is what is satisfying to me,” he added.

The cleric also reacted to comments credited to activist Omoyele Sowore, who described him, Bishop David Oyedepo and Pastor William Kumuyi as “fathers of Christians in Nigeria.”

Adeboye dismissed the description, saying he does not consider himself a father of all Christians in the country.

He stressed that leadership of the Christian community in Nigeria rests with the Christian Association of Nigeria, whose president represents Christians nationally.

“Sowore said that we are not the fathers of Christians but we are denominational fathers. He is very correct. I don’t want to be father of all Christians in Nigeria. I’m satisfied with being the father of the Redeemed Christian Churh of God. That’s enough assignment for me.

“I have never wanted to be the father of all Christians in Nigeria. The
CAN President is the father leader of Christians in Nigeria.”

Adeboye also addressed claims on social media alleging that the RCCG is an extension of the ruling All Progressives Congress, rejecting the allegation.

He added that the church has consistently spoken on national issues affecting citizens, including economic hardship.

The cleric further stated that if the leadership of the Christian Association of Nigeria were to call for a peaceful protest over governance issues, he would participate, stressing that his position is based on principle rather than politics.

“I have protested before during the Goodluck Jonathan administration,” he said.

Adeboye also noted that politicians are welcome to attend services at the camp, but emphasised that they would not be allowed to speak or mount the altar for the purpose of campaigning.

Confirming the incident, the Kwara State Police Public Relations Officer, SP Adetoun Ejire-Adeyemi, acknowledged the attack but said details were still being compiled.

Suspected terrorists have launched a deadly attack on a Police Mobile Force (PMF) camp in Tenebo community, Kaiama Local Government Area of Kwara State, leaving at least three Mobile Police (MOPOL) officers dead and two others injured.

SaharaReporters gathered that the incident occurred in the early hours of Saturday, at about 3am, when heavily armed assailants stormed the facility, catching officers off guard.

Sources in the area said the attackers, believed to be well-coordinated, opened fire on the camp.

Residents of the community were reportedly thrown into panic as gunshots echoed across the community, forcing many to flee their homes for safety.

Confirming the incident, the Kwara State Police Public Relations Officer, SP Adetoun Ejire-Adeyemi, acknowledged the attack but said details were still being compiled.

“I regret to confirm that an attack on the PMF Camp occurred in the early hours of today. I will provide more accurate and detailed information shortly,” she said.


Only on Wednesday, SaharaReporters reported that terrorists suspected to be bandits invaded the Oko-Erese community along Oro-Ago in Ifelodun Local Government Area of Kwara State, killing two farmers and abducting two women.

Sources who spoke to SaharaReporters had revealed that the deadly attack occurred on Tuesday when the assailants stormed farmlands in the community and unleashed violence on unsuspecting victims.

According to the source, the terrorists targeted farmers who were working at the time of the invasion, shooting and killing two of them on the spot before abducting two women whose identities had yet to be confirmed as of the time of filing this report.


The source further disclosed that another resident narrowly escaped death but sustained serious injuries during a separate attack by the same group.

“They shot at him but the gun did not penetrate him. However, they used their stick to hit him on the head as he tried to escape from them,” the source said.

SaharaReporters previously reported that terrorists attacked a forest guard operative identified as Saheed and a civilian in Babanla community, Ifelodun Local Government Area of Kwara State, leaving one person abducted and another seriously injured.

Sources who spoke to SaharaReporters said the incident occurred on Tuesday afternoon.
According to the sources, the forest guard and the civilian, identified as Rashid Oke-Apata, were travelling on a motorcycle when they were ambushed by armed men.

“The two men were on a motorcycle when the attackers suddenly opened fire on them,” the source said.

Suspected members of Boko Haram/ISWAP terrorists on Thursday evening stormed Kautikari village in Chibok Local Government Area of Borno State.

Many fleeing residents, who spoke to Vanguard, said the insurgents are currently shooting sporadically and setting residential buildings ablaze as people flee into the bush for safety.

On March 30, 2026, terrorists stormed Kautikari, the Christian-dominated community, at about 6 p.m. and killed the commanding officer of Hunters, Mallam Bumto, who had just arrived from Lagos State a day before the incident.

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The assailants also killed Johanna Peter, whose wedding was slated for Tuesday, March 31, 2026, in Kautikari Church, alongside several other residents.

The attack also led to the displacement of the community, with looting of foodstuffs and livestock. The people of the community only resettled recently.

According to Vanguard, a security personnel who hails from Kautikari and is based in Maiduguri, but is not authorised to talk to the press, confirmed the incident.

“Yes, our community of Kautikari is under Boko Haram attack. I just received the distress call at about 6:50 p.m. this Thursday.

“We cannot ascertain any casualties now as they are wreaking havoc and people are scrambling for safety,” he said.