Investogist
No Result
View All Result
Saturday, March 21, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Abuja-Kaduna Train Derails, Several Injured

    Abuja-Kaduna Train Derails, Several Injured

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Senate confirms Taiwo Oyedele as Minister of State for Finance

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    Trading begins in Linkage Assurance 12.32bn share rights issue

    Trading begins in Linkage Assurance 12.32bn share rights issue

    Nigerian Breweries Partners with Indorama Ventures to Build rPET Facility in Ogun State

    Nigerian Breweries Partners with Indorama Ventures to Build rPET Facility in Ogun State

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    Bitcoin and Ethereum Surges as Crypto Rebounds

    Bitcoin and Ethereum Surges as Crypto Rebounds

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Zichis Agro-Allied Industries Shares

    AGM suspension: Oando’s shareholder wins court case against SEC

    Oando Plc Seeks NGX Approval for Rights Issue at ₦50 per share

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Abuja-Kaduna Train Derails, Several Injured

    Abuja-Kaduna Train Derails, Several Injured

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Senate confirms Taiwo Oyedele as Minister of State for Finance

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    Trading begins in Linkage Assurance 12.32bn share rights issue

    Trading begins in Linkage Assurance 12.32bn share rights issue

    Nigerian Breweries Partners with Indorama Ventures to Build rPET Facility in Ogun State

    Nigerian Breweries Partners with Indorama Ventures to Build rPET Facility in Ogun State

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    Bitcoin and Ethereum Surges as Crypto Rebounds

    Bitcoin and Ethereum Surges as Crypto Rebounds

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Zichis Agro-Allied Industries Shares

    AGM suspension: Oando’s shareholder wins court case against SEC

    Oando Plc Seeks NGX Approval for Rights Issue at ₦50 per share

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

2023: ADC Suspends Presidential Candidate Dumebi Kachikwu

Saturday, 3 September 2022, 2:11 pm
in News, Nigeria
0
2023: ADC Suspends Presidential Candidate Dumebi Kachikwu
Share Share Share Share Send as Email

The African Democratic Congress (ADC) has suspended its Presidential Candidate for the 2023 general elections, Dumebi Kachikwu, alleging anti-party activities.

ADC in a statement by the party’s Deputy National Chairman (Politics), Bamidele Ajadi, explained that the decision was taken after an emergency meeting of its National Working Committee (NWC) which was held on Friday.

Kachikwu was accused of anti-party activities, defamation, and other acts of gross misconduct over a video he made and circulated.

Ajadi said, “Dumebi’s speech in the video, contravened the principles and values upon which ADC is founded and the specific provision of Article 16 of the ADC Constitution”.

Read also: We will help PDP lose 2023 election – Wike

These actions or inactions, according to the NWC, have put the chances of the party in the elections in jeopardy.

“His negative actions and/or inactions so far, have put in jeopardy the fate and prospects of all our candidates contesting for various offices across the country,” it said.

“The committee of the whole house, in a very clear and unequivocal term condemned the said video in its entirety and described it as a piece of badly crafted blackmail and mudslinging, and thereby unanimously recommended his immediate suspension from the party from today, Friday 2nd September 2022.”

Read the full statement below:

The African Democratic Congress has suspended Dumebi Kachikwu, its Presidential Candidate over the false, misguided and defamatory video he made and circulated, amongst other infractions. The party made this known in a statement released to the press, at the end of its emergency National Working Committee (NWC) meeting on Friday, 2nd September 2022. The NWC viewed with great concern the baseless and defamatory video made, published and circulated by Mr. Dumebi Kachikwu, which was intended to disparage and impugn the integrity and image of a peaceful and transformation-oriented African Democratic Congress and its National Officers.

According to the Deputy National Chairman (Politics) Dr. Bamidele Ajadi, Dumebi’s speech in the video contravened the principles and values upon which ADC is founded and the specific provision of Article 16 of the ADC Constitution to wit: “Act(s) conduct or utterances likely to bring the Party into hatred, contempt or ridicule; engaging in dishonest practices, defrauding the Party, its members or officials; engaging in anti-party activities; unauthorized publicity of Party dispute or fractionalization or creating parallel Party organ(s) at any level; engaging in any other activities likely to cause disaffection among Party members or likely to disrupt the peaceful, lawful and efficient conduct of party business; belonging to any such factional group or organ; collusion or conspiracy to convene unauthorized meetings, shall constitute acts of gross misconduct.”

He also noted that there have been several actions, publications and utterances in the past aimed at maligning the ADC National Officers, which the NWC chose to ignore, for peace to reign. The NWC also noted that since the 9th of June 2022 when he was elected the Presidential Candidate, he has failed, neglected and/or refused to share with the party, any meaningful, constructive or reasonable Presidential Campaign Roadmap for the forthcoming Presidential Election. Dumebi for reasons only known to him has stampeded our party into inactivity since he emerged as candidate.

“His negative actions and/or inactions so far, have put in jeopardy the fate and prospects of all our Candidates contesting for various offices across the country. The committee of the whole house, in a very clear and unequivocal term, condemned the said video in its entirety and described it as a piece of badly crafted blackmail and mudslinging, and thereby unanimously recommended his immediate suspension from the party from today, Friday 2nd September 2022. This resolution would be forwarded to the National Executive Council for further actions.

The NWC strongly believes that to demean the character of the founders and financiers of ADC, who have worked tirelessly to build an enviable brand that Nigerians are proud of, and which many great minds have stood elections; smacks of crass irresponsibility, gross indiscipline, disingenuous scandalization and blackmail, and completely unfit of someone who wants to be President of Nigeria.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • Kachikwu Dumebi
    2023: Why we won’t merge with Peter Obi’s Labour…
  • Peter Obi
    Just in: Peter Obi emerges Labour Party Presidential…
  • Dave Umahi
    Umahi emerges APC Senatorial candidate after losing…
  • Action Alliance
    We didn’t adopt Atiku as our presidential candidate–…
Previous Post

Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

Next Post

‘Nigeria Is Key’: Kamala Harris Hosts Osinbajo at the White House

Next Post
‘Nigeria Is Key’: Kamala Harris Hosts Osinbajo at the White House

'Nigeria Is Key’: Kamala Harris Hosts Osinbajo at the White House

Please login to join discussion
  • Trending
  • Comments
  • Latest
Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

List of Dividends announced in 2024, qualification and payment dates

List of Dividends announced in 2024, qualification and payment dates

Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

Dangote Cement Profits Soar to ₦743bn on Price Increase

African Governments Seek Fuel from Dangote Refinery

British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved