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ADC Halts Jigawa Primaries Collation Amid Violence and Irregularities

ADC Halts Jigawa Primaries Collation Amid Violence and Irregularities

The African Democratic Congress (ADC) has indefinitely paused the collation of results from its primaries for various positions in Jigawa State, citing widespread violence and irregularities. The decision affects the results for State House of Assembly, House of Representatives, Senate, governorship, and presidential tickets.

Chief Returning Officer Zaki Ahmed made the announcement at the Tashir Guests Palace in Dutse, where the collation was taking place. He stated that unresolved complaints and numerous irregularities made it impossible to continue the process.

According to Ahmed, results had been gathered from 19 out of 27 local government areas, while officials were still expecting submissions from Auyo, Roni, and Kazaure councils. The exercise was plagued by serious infractions in several regions, with Gwaram area particularly affected by threats of violence that could have completely derailed the process.

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APC Chieftain Alleges Atiku Using ADC to Derail Southern Presidency in 2027

APC Chieftain Alleges Atiku Using ADC to Derail Southern Presidency in 2027

Ayekooto Akindele, a prominent figure in the All Progressives Congress (APC), has leveled serious allegations against former Vice President Atiku Abubakar, claiming that the African Democratic Congress (ADC) serves as a strategic tool to undermine the southern presidency in the upcoming 2027 elections.

Responding to comments from the Obidient Movement praising Peter Obi for departing the ADC, Akindele argued that Obi’s move was not as shrewd as suggested. He insisted that the ADC was originally conceived as a vehicle for Atiku to shift political power away from the South.

In a Facebook post, Akindele stated that Obi’s failure to recognize Atiku’s hidden agenda from the start showed poor political judgment. He noted that Atiku had previously attempted to use the Peoples Democratic Party (PDP) to achieve his goals but was unsuccessful.

Akindele further criticized Obi’s decision to leave the Labour Party and join the Nigeria Democratic Congress (NDC), contrasting it with what he described as the wiser path chosen by Alex Otti. He strongly condemned Obi’s actions, labeling them as unwise and detrimental to his political career.

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ADC Urges Hope Despite Economic Woes This Eid-el-Kabir

ADC Urges Hope Despite Economic Woes This Eid-el-Kabir

The African Democratic Congress (ADC) has called on Nigerians to maintain their optimism even as the nation grapples with severe economic difficulties and pervasive insecurity during the Eid-el-Kabir festivities.

Speaking through its National Publicity Secretary, Bolaji Abdullahi, the party acknowledged that the current Sallah season arrives at an especially challenging moment for many citizens who are contending with surging food costs, high joblessness, and a bleak outlook. However, ADC insists that Nigerians must hold on to the conviction that a brighter future is attainable.

“We hold a firm belief that beyond the present suffering and disappointment lies the promise of a stronger, safer, and more prosperous country,” the statement declared.

The party emphasized that Eid-el-Kabir embodies sacrifice, faith, obedience, and compassion—values that are particularly relevant for Nigeria today. “Faith carries its greatest meaning during tough times,” the statement noted, urging citizens not to yield to hopelessness amid the country’s struggles.

ADC expressed confidence that Nigeria can rebound and make progress through responsible governance and national unity. “We envision a Nigeria where genuine leadership serves the people, where young people can dream once more, where farmers can cultivate their land without fear, where businesses flourish, and where ordinary citizens can resume a life of dignity and hope,” the party added.

The opposition also called on leaders at every tier to contemplate the true essence of responsibility during this festive period, while praying for peace, healing, and national cohesion. “History teaches that nations recover when their people refuse to abandon their belief in a better tomorrow,” ADC concluded.

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Omo-Agege Leaves APC After Losing Senate Primary Election

Omo-Agege Leaves APC After Losing Senate Primary Election

Senator Ovie Omo-Agege, who once served as Deputy President of the Senate, has ended his association with the All Progressives Congress (APC). This decision comes just days after he failed to secure the party’s ticket for the Delta Central senatorial district in the recently concluded primaries.

In a resignation letter submitted on May 22, 2026, to the APC chairman of Orogun Ward 2 in Ughelli North Local Government Area, Delta State, the lawmaker stated his immediate withdrawal from the party. He explained that after careful consideration of the party’s situation in Delta State and discussions with supporters, he concluded that his political goals align better outside the APC framework.

Omo-Agege emphasized that he would not remain in a political platform where he cannot effectively champion the interests of his constituents, Delta State, and the nation. He expressed gratitude for the opportunity to serve as Deputy President of the 9th Senate and wished the APC success in its future endeavors. The former deputy Senate president requested his removal from all party registers and communication channels, affirming his commitment to continue working for the development of Delta Central and Nigeria through alternative political avenues.

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David Mark’s Aide Slams Peter Obi’s Party Switch as Misguided

David Mark’s Aide Slams Peter Obi’s Party Switch as Misguided

Chille Igbawua, a close adviser to former Senate President David Mark who now chairs the African Democratic Congress (ADC), has openly criticized Peter Obi’s recent defection from the party. Igbawua, who serves on the ADC’s electoral panel, argued that Obi missed a valuable chance to test his political mettle in a competitive primary.

Speaking during a television interview, Igbawua suggested that Obi would have gained crucial political insights even if he ultimately lost the nomination to former Vice President Atiku Abubakar. He stressed that the ADC primary offered a level playing field for all contenders, emphasizing the coalition’s original mission to rescue Nigeria—not to serve individual ambitions.

Igbawua highlighted vote tallies from Benue State as evidence of the primary’s fairness: Atiku secured approximately 55,000 votes, followed by Rotimi Amaechi with around 30,000, and Mohammed Hayatu-Deen with about 22,000. He noted that he had been involved in building the coalition from its inception and selecting ADC as the platform.

When asked whether Obi might feel relieved to leave, Igbawua responded firmly: “I don’t think he can be grateful, and I don’t believe he made the right decision, in my opinion.” He urged political leaders to prioritize national interest over personal gain and to remain within coalitions rather than abandon them when personal needs are not met.

Obi recently exited ADC and has now declared his presidential ambition under the banner of the Nigeria Democratic Congress (NDC). Igbawua’s comments underscore ongoing tensions within Nigeria’s opposition landscape as parties realign ahead of the next general election.

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APC Primary Winners Protest Delayed Certificates of Return

APC Primary Winners Protest Delayed Certificates of Return

Victorious candidates from the All Progressives Congress (APC) primaries have voiced their discontent over the prolonged wait for their Certificates of Return, sparking concerns of a possible scheme by the party’s National Working Committee (NWC) to tamper with the candidate list for the 2027 elections.

Unhappy contenders, who requested anonymity to avoid reprisals, said the hold-up is fueling suspicion, especially after some NWC members hinted that the leadership could override primary results. They fear the party secretariat might use administrative maneuvers to replace winners with preferred individuals.

One aspirant noted that while President Bola Tinubu received his certificate just hours after winning the presidential primary, other winners remain empty-handed weeks later. This disparity has led many to believe the party is applying double standards.

Another candidate alleged that influential party figures are already working behind the scenes to substitute certain winners with their own allies. The aggrieved aspirants called on the NWC to issue all certificates promptly to prevent further anxiety and potential internal crisis.

When approached for comment, APC spokesperson Felix Morka dismissed the allegations, stating the party had done nothing to warrant such concerns. However, internal sources revealed that the NWC is still reviewing primary reports and will make decisions based on the party’s constitution and guidelines.

Meanwhile, APC stakeholders across the country have warned the leadership against nullifying any primary outcomes based on what they term “premature announcements.” In a memorandum to the National Chairman and NWC members, the group, represented by Barrister Abdullazeez Mamman, argued that the primaries were conducted by committees acting under delegated authority, and the results reflect the will of party members. They insisted that the ballot is not a proposal subject to administrative nullification.

The controversy comes days after President Tinubu was handed his Certificate of Return for the presidential ticket, which he won with 10.9 million votes. This quick issuance for the president has only deepened the frustration among other winners, who now demand equal treatment.

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New York BitLicense Ousts Mastercard’s Next-Gen Stablecoin Plans

New York BitLicense Ousts Mastercard's Next-Gen Stablecoin Plans

Mastercard has secured a New York BitLicense through its U.S. subsidiary, signaling a major step forward in its strategy to integrate stablecoins and tokenized deposits into mainstream payment systems. The approval from the New York State Department of Financial Services permits Mastercard Transaction Services (U.S.) LLC to engage in virtual currency business activities within the state.

The BitLicense, first introduced in 2015, imposes rigorous requirements on licensees, including standards for capital adequacy, cybersecurity, anti-money laundering protocols, sanctions screening, and consumer protection. Mastercard has indicated that this license will enable it to develop blockchain-based payment and settlement infrastructure that leverages regulated stablecoins and tokenized bank deposits, while adhering to the same compliance frameworks that govern its traditional card network.

This regulatory green light allows Mastercard to bridge digital assets with one of the most stringent supervisory environments in the United States. The company views this as a way to ensure that any future stablecoin or tokenized deposit products meet the same capital and compliance benchmarks as its existing payment offerings. Tokenized deposits, which are bank liabilities recorded on programmable ledgers, are seen as a key component for enabling instantaneous, on-chain settlement in merchant acquiring, cross-border payments, and corporate treasury services.

Mastercard emphasizes a strategy of parallel development for legacy and blockchain payment systems, rather than treating them as competing infrastructures. By anchoring its digital asset initiatives within the New York regulatory framework, Mastercard positions itself to lead in regulated blockchain applications for commerce. The BitLicense provides formal authorization to continue investing in digital asset rails while reassuring regulators and institutional partners that expansion into stablecoins and tokenized deposits will be governed by the same compliance norms applied to its multi-trillion-dollar card network.

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Vitalik Buterin Pivots to Sci-Fi Novel on Decentralized Governance

Vitalik Buterin Pivots to Sci-Fi Novel on Decentralized Governance

Ethereum co-founder Vitalik Buterin is putting his regular blog posts on hold to dive into a science fiction novel that explores decentralized governance. The project, already two chapters deep, marks a creative shift from technical essays to narrative fiction, as announced via his Farcaster account. Instead of analyzing governance through whitepapers, Buterin plans to use speculative storytelling to examine coordination, incentives, and power distribution in imaginary worlds.

This move departs from his role as one of crypto’s most influential thinkers, whose long-form writings on Layer 2 scaling, account abstraction, and soulbound tokens have shaped Ethereum’s evolution. By choosing fiction, Buterin can test governance edge cases in hypothetical scenarios without real-world risks. The novel draws on Ethereum’s own governance history, including hard forks and funding debates, but reframes them through fictional characters and crises.

The timing coincides with ongoing governance challenges in crypto, from DAO treasuries to voter apathy. Rather than formal proposals, Buterin’s future contributions may emerge as stories accessible to a broader audience. While he isn’t abandoning technical work, the shift suggests that narrative could become a powerful tool for exploring decentralized power, potentially reaching builders, policymakers, and readers who might skip dense posts. Whether this experiment transforms on-chain governance or enriches his already vast body of work, it signals that Buterin sees fiction as a legitimate medium for tackling the toughest problems in decentralized systems.

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Synthetic SpaceX: Hyperliquid’s Perp Sparks Regulatory Debate

Synthetic SpaceX: Hyperliquid's Perp Sparks Regulatory Debate

The launch of a synthetic perpetual contract tied to SpaceX on Hyperliquid has ignited a regulatory firestorm. The product, listed on Trade.xyz under the ticker SPCX USDC, allows traders to speculate on the private company’s valuation without any official backing or equity involvement. Starting at a reference price of $150, implying a staggering $1.78 trillion valuation, the contract quickly surged to $216, showcasing the rapid price discovery possible on decentralized platforms.

Unlike traditional pre-IPO shares, this derivative is settled entirely in USDC stablecoins and relies on oracle-based pricing rather than actual SpaceX stock. SpaceX has not authorized the product, receives no proceeds from trading, and has no formal connection to the market. This disconnect between the appearance of an equity market and the reality of a purely synthetic product is at the core of the regulatory concerns.

The contract operates as a perpetual future, enabling indefinite position holding as long as margin requirements are met and funding payments anchor the price to the oracle feed. All cash flows are in USDC, with traders posting margin in stablecoins. The index price is derived from external market signals, not official SpaceX valuations.

This creates an asset that behaves like SpaceX exposure but carries no shareholder rights, claims on future cash flows, or corporate disclosures. Regulators are questioning whether such instruments constitute unregistered securities, misleading branding, or a new derivatives class that existing rules fail to address.

The SpaceX contract emerges from Hyperliquid’s HIP 3 framework, which explicitly allows private company valuations to be “repriced” on chain. In this model, decentralized derivatives form a parallel price discovery layer, potentially outpacing traditional funding rounds and secondary trades.

Critics argue that decentralized derivatives are hijacking the narrative and pricing power of private giants like SpaceX without authorization. Supporters counter that all markets are collective guesses about value, and on-chain perps aggregate these guesses more efficiently than opaque private negotiations.

Lacking a settled regulatory framework for synthetic, non-deliverable perpetuals tied to private companies, the Hyperliquid SpaceX perpetual serves as a live test case. Its fate may determine whether synthetic on-chain price discovery of private giants becomes institutionalized or faces a crackdown that forces the experiment into obscurity.

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DTCC and Stellar to Tokenize Blue Chip Assets by 2027

DTCC and Stellar to Tokenize Blue Chip Assets by 2027

The Depository Trust & Clearing Corporation (DTCC) has announced a collaboration with the Stellar Development Foundation to introduce tokenization services for DTC custody assets on the Stellar public blockchain. This initiative aims to bring real-world assets onto a decentralized network, with the first tokenized instruments expected to go live in the first half of 2027. The move represents a significant step for traditional financial infrastructure, as DTCC leverages Stellar’s blockchain to handle settlement and issuance of tokenized securities.

This partnership follows a no-action letter from the U.S. Securities and Exchange Commission in December 2025, which provided DTCC with regulatory clarity to explore asset tokenization without requiring formal rule changes. The letter allows DTCC to treat tokenized instruments as extensions of its existing custody framework, as long as investor protections and record-keeping standards remain consistent with current securities laws.

The initial focus will be on highly liquid benchmark assets, including components of the Russell 1000 index, major ETFs tracking U.S. benchmarks, U.S. Treasuries, and various corporate bonds. These assets are already cleared through DTCC at scale, and their tokenized versions will be issued and settled on Stellar while remaining anchored to traditional registries and custody accounts. This ensures that regulatory compliance and beneficial ownership tracking are maintained.

Stellar was chosen for its design, which prioritizes regulated financial use cases, including fiat-backed stablecoins and cross-border payments. Its built-in support for KYC and AML measures aligns well with DTCC’s requirements for a compliant public blockchain. By integrating with Stellar, DTCC acknowledges that future securities settlement may increasingly occur on shared public infrastructure, moving beyond private test networks.

The tokenized assets will still operate within DTCC’s regulatory perimeter, with custodial records and ownership tracked to satisfy regulators and tax authorities. However, the settlement substrate changes from legacy databases and batch processes to near real-time settlement on Stellar, with programmable transfer rules and composability with other on-chain financial applications. This marks a pivotal moment for real-world asset tokenization, as it brings core U.S. capital market instruments to the blockchain under the oversight of a major market utility.