Issuu

Wike: Fubara is an Ungrateful Child, Declares Rainbow Coalition Will Produce All Elective Positions Chuks Okocha and Olawale Ajimotokan in Abuja

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has scolded Rivers State Governor,

Siminalayi Fubara, describing him as “a bad child” who lacks gratitude. Wike declared that his rainbow coalition will produce all elective positions in the state come 2027

elections. The rainbow coalition he is referring to is APC and PDP working together to produce winners in an election. He used that model in the last local government where

his loyalists in the APC won 20 local governments of the 23 in the state, while PDP was allowed to win just three local governments. He recently boasted in one of his ‘Thank You Tour’ of local

governments that he controls both state chairmen of APC and the PDP in Rivers State. Wike chided his estranged successor yesterday at a “thank you” visit to Asari-Toru Local

Government Area of Rivers State, as part of his ongoing visits across the 23 local government areas of the state to appreciate supporters,

Continued on page 8

Court Orders Interim Forfeiture of 57 Properties Linked to Malami, Sons... Page 25 Thursday 8 January, 2026 Vol 30. No 11232. Price: N400

www.thisdaylive.com TR

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& RE A S O

US Seizes Russian-flagged Tanker, a Second Venezuela-linked Ship... Page 28

US Demands Visa Bonds from Nigerians, Nationals of 37 Other Countries Mandates entry, exit through designated airports Michael Olugbode in Abuja

The United States government

has introduced a new visa bond requirement for Nigerian travellers and citizens of 37 other countries,

compelling affected applicants to post substantial financial guarantees before being granted

U.S. visitor visas and restricting their travel to specific American airports.

Under the new policy announced by U.S. Department of State, certain applicants seeking

B1/B2 (business and tourism) Continued on page 8

COAS Tours Terror-ravaged Niger As Bandits Attack Old National Park in Oyo Promises enhanced troop deployment UN urges Nigerian authorities to protect civilians, schools after new Niger attacks State reviews schools reopening policy, all institutions in north senatorial zone to remain closed Police foil kidnap attempt, rescue 76 children in Ka-duna Five killed as bandits attack Oyo National Park Armed herders kill 5 farmers in Benue

Michael Olugbode, Linus Aleke in Abuja, George Okoh in Makurdi, Kemi Olaitan in Ibadan and Laleye Dipo in Minna Chief of Army Staff (COAS), Lieutenant-General Waidi Shaibu, has reaffirmed Nigerian Army’s

commitment to strengthening security operations in Niger State through enhanced troop deployment, improved use of technology, and closer collaboration with traditional institutions and other critical stakeholders. Continued on page 8

OLD THINGS HAVE PASSED AWAY… UNITED WE STAND...

L-R: APC National Chairman, Prof. Nentawe Yilwatda, raises Gov. Caleb Mutfwang’s hand in an unprecedented show of unity at the APC electronic membership registration in Langtang North, Plateau South Senatorial District, yesterday

tHURSDAY, JANUARY 8, 2026 • T H I S D AY

THISDAY • THURSDAY, JANUARY 8, 2026

Group News Editor: Goddy Egene Email: Goddy.egene@thisdaylive.com, 0803 350 6821, 0807 401 0580

NEWS

COAS’ VISIT TO ABDULSALAMI...

Chief of Army Staff (COAS), Lt.-Gen. Waidi Shuaibu (R), with former Head of State, Gen. Abdulsalami Abubakar, during the visit of the COAS to Gen. Abubakar in Minna on Tuesday

Nigeria Customs Remits N3.7tn to Federation Account in 11 Months Import duties drive over 80% of total revenue Adeniyi says intelligence critical to operational success

Emmanuel Addeh and James Emejo in Abuja

The Nigeria Customs Service (NCS) remitted about N3.7 trillion to the Federation Account between January and November 2025, underlining the growing weight of trade-related revenues in the country’s fiscal structure amid weak oil receipts and sustained pressure on public finances. Specifically, data from the latest presentation made to the Federation Account Allocation Committee (FAAC) indicated that total collections for the first 11 months of last year stood at about N3.697 trillion, reflecting performance anchored largely on import duties, which continued to account for the bulk of inflows. The figure placed customs as one of the most reliable non-oil revenue contributors in 2025, at a time the government is pushing aggressive fiscal reforms to shore up revenues and narrow the budget deficit. However, for the entire 12 months in 2024, the NCS’ total federation remittance was N3.6 trillion. This means that if the 2025

trend continued in December, other things being equal, remittances to the federation alone may have hit N4 trillion. “The total 2024 revenue collected comprises three main components. The first was the federation accounts and we had about N3.6 trillion. The second was the nonfederation accounts levies where we had N816.9 billion and the third component was the value-added tax where we collected N1.6 trillion,” Comptroller-General of Customs (CGC), Adewale Adeniyi, said while giving a breakdown of the 2024 operations in January 2025. An analysis of the latest figures showed that import duty alone contributed roughly N3.03 trillion during the period, representing more than 81 per cent of total customs revenue. This dominance highlighted Nigeria’s heavy dependence on imports for consumption and industrial inputs, even as policymakers reiterate commitments to import substitution, local production and export expansion. Besides, excise duty followed distantly, generating about N257.5 billion; Common External Tariff (CET) special levy was N252.4

billion while other revenue lines made comparatively marginal contributions. For instance, fees constituted N158.6 billion while auction sales raked in N82.5 billion. There were no penalty charges during the period under review. The data indicated that customs collections were relatively robust across most months, with January opening the year strongly at about

A coalition of Nigerian civil society organisations has accused President Bola Tinubu and the National Assembly of breaching constitutional and fiscal laws through the repeal and re-enactment of the 2024 and 2025 Appropriation Acts. The statement was jointly signed by the Centre for Social Justice, Africa Network for Environment and Economic Justice, Civil Society Legislative Advocacy Centre, BudgIT, PRIMORG, PLSI and other advocacy groups.

They warned that the action undermined transparency and democratic accountability. In a statement issued in Abuja, under the platform, “ Nigerian Economy Civil Society Action,” the groups described the development as a dangerous abuse of the fiscal process, alleging that billions of naira were spent without prior legislative approval. The organisations expressed outrage that 18 days after the presentation of the federal budget, neither the Budget Office of the Federation nor the National Assembly had made

was N358 billion. In May, total revenue paid into the federation account was N359.4 billion; N315.29 billion in June; N353.23 billion in July; N322 billion was recorded in August; N349 billion in September while October and November also recorded performances of N370.2 billion and N287.1 billion respectively, underscoring the volatility but

overall resilience of revenue flows. Excise duty collections accounted for just under 7 per cent of total revenue, fees contributed roughly 4.3 per cent of total receipts, while auction sales generated just over 2 per cent and CET accounted for nearly 7 per cent of the total, reinforcing the importance of regional trade arrangements in Nigeria’s customs revenue profile.

Court Dismisses N1bn Suit Against MTN, Says Plaintiffs Had No Protectable Rights Wale Igbintade

Justice Ayokunle Olayinka Faji of the Federal High Court, Lagos, has dismissed a N1 billion lawsuit filed against MTN Nigeria Communications Plc by Walls and Gates Ltd and its Managing Director, Mr. Okechukwu Udeichi, over alleged copyright infringement, breach of confidentiality, and trademark violations linked to MTN’s 20th Anniversary promotional campaign.

Civil Society Groups Slam Tinubu, N’Assembly Over Budget Re-enactment, Demand Fiscal Transparency Michael Olugbode in Abuja

N400.3 billion, the highest monthly inflow recorded within the period under consideration. This early surge set the tone for the year and reflected a combination of exchange rate adjustments, higher customs valuation of imports and improved enforcement at the ports and border posts. February recorded N299.5 billion; March posted N283.4 billion while April

the budget documents publicly available. They said the absence of published budget details prevented citizens from scrutinising government spending and participating meaningfully in the budgeting process. According to the groups, the situation was worsened by the repeal and re-enactment of the 2024 and 2025 Appropriation Acts without public hearings or access to the revised documents. They argued that the move violated constitutional provisions which require legislative approval before any public funds are expended.

The court held that the plaintiffs failed to establish any legally protectable right in their proposal titled “20 for 20,” describing the suit as frivolous, speculative, and vexatious. Justice Faji consequently dismissed the action in its entirety and awarded N3 million in costs against the plaintiffs. The plaintiffs, in Suit No. FHC/L/CS/1935/2021, claimed that MTN unlawfully exploited their “20 for 20” proposal, which they said was submitted to the telecommunications company on September 17, 2019, ahead of MTN’s 20th anniversary celebrations in 2021. They alleged that MTN’s

anniversary promotion, under which 20 Sport Utility Vehicles were awarded to subscribers, was derived from their proposal and amounted to infringement of their copyright, confidential information, and trademark. On that basis, they sought damages of N1 billion or, in the alternative, an order compelling MTN to account for revenue generated from the promotion and remit 50 per cent of it to them. MTN denied the claims, arguing the proposal was an unsolicited business idea that created no contractual or confidential obligation. The company maintained that

its 20th anniversary programme was independently developed and that the plaintiffs’ document amounted to a general business concept, which is not protectable under Nigerian copyright law. MTN also contended that the plaintiffs had no valid registered trademark and failed to show that the company had access to or copied any protectable expression from their work. In resolving the issues, Justice Faji noted the plaintiffs conceded during oral argument that their trademark infringement claim was not proved, leaving only the allegations of breach of confidentiality and copyright infringement for determination.

Ekid Women Protest Over Controversial Oil Rich Akoiyak Land in Akwa Ibom Okon Bassey in Uyo Hundreds of women from Ekid Nation in Akwa Ibom State yesterday protested over attempt by the state government to seize a controversial Akoiyak land rich in oil and gas products. The women that protested under the aegis “Akoiyak Ekid Women,” marched along the major streets of Eket denouncing what

they described as a calculated assault on their history, land, and dignity. Clad in black, they wielded placards with inscriptions “Akoiyak Is Ekid Ancestral Land,” “Stop the Plundering of Stubbs Creek Forest Reserve,” “Umo Bassey Eno, Stop Insulting Ekid,” and “Privy Council Judgment of 1918 Affirmed Ekid Ownership,” among others.

The protest was reportedly triggered by a press release issued by the Akwa Ibom State Government which claimed that the 1918 Privy Council judgment did not confer ownership of Akoiyak Ekid on Ekid Nation or any party. To the Ekid people, that statement was not only false but an open provocation, which they insist amounts to a dangerous rewriting of history.

THURSDAY, JANUARY 8, 2026 • THISDAY

NEWS

PRESS CONFERENCE ON THE 9TH AFRIMA AWARDS...

L-R: Director of Partnership, All Africa Music Awards (AFRIMA), Edwidge Goli; Permanent Secretary, Lagos State Ministry of Tourism, Arts and Culture, Mrs. Bopo Oyekan-Ismaila; Special Adviser to the Governor on Media and Publicity, Mr. Gboyega Akosile; AFRIMA President, Mr. Mike Dada; Commissioner for Tourism, Arts & Culture, Mrs. Toke Benson-Awoyinka; her counterpart for Information and Strategy, Mr. Gbenga Omotoso and AFRIMA Jury-in-charge, Mr. Olisa Adibua, during a press conference on the 9th AFRIMA Awards in Lagos, at Alausa in Ikeja... yesterday

ICPC: We’re Going Ahead to Probe Farouk Despite Withdrawal of Petition by Dangote EFCC may take over investigation

Alex Enumah in Abuja

The Independent Corrupt Practices and Other Related Offences Commission (ICPC), yesterday, said it would continue its investigation of corruption allegations against the immediate past Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk, despite

the withdrawal of the petition by the Chairman of the Dangote Group, Alhaji Aliko Dangote. Farouk had resigned as CEO of the NMDPRA shortly after Dangote’s petition to the ICPC, seeking his arrest and investigation over alleged corruption. But before the anti-graft agency could conclude investigation, Dangote requested the ICPC to discontinue its probe of Farouk.

THISDAY was reliably informed that the request to ICPC to discontinue was to enable the Economic and Financial Crimes Commission (EFCC) take over the investigation. The ICPC in a statement by its Spokesperson/Head Media and Public Communications, John Odey, pointed out that although it was in receipt of a letter dated January 5, 2025, titled: “Notice of Withdrawal of Petition against Engineer Farouk

Ahmed,” submitted to the Commission by Dr. O.J. Onoja, SAN and Associates, legal counsel to Alhaji Aliko Dangote, the commission would nonetheless proceed with ongoing investigation in line with its enabling Act. “The letter from O.J Onoja SAN, states that the petitioner has withdrawn the petition dated December 16, 2025, submitted against Engineer Farouk Ahmed, the immediate past

Alleged Rape: Pastor Okafor’s Lawyers Ask Accusers to Submit Evidence to Police Wale Igbintade

The legal team representing Lagosbased cleric, Pastor Chris Okafor, has responded to allegations circulating against him on social media, calling on those making the claims to present any evidence to law enforcement authorities. Speaking at a press briefing in Lagos, counsel to Okafor, Barrister Ife Ajayi, said the allegations were unfounded and had caused reputational harm to his client. He urged actress Doris Ogala, social media influencer Martins Vincent Otse, popularly known as VeryDarkMan (VDM), and other bloggers to channel their claims to the Nigeria Police for

investigation. Ajayi said the statements and posts circulating online amounted to allegations, which should properly be handled by law enforcement agencies rather than debated on social media platforms. He said, “Our client is a law-abiding Nigerian. Where allegations of a criminal nature are made, the appropriate place to ventilate them is before the police and the courts, not on social media.” The lawyer explained that the dispute between Okafor and Ogala arose from a business-related interaction in late 2024, which, according to him, did not progress as expected.

He said disagreements later spilled onto social media, with varying claims being made over time. Ajayi stated that his client had consistently denied all allegations of criminal wrongdoing, including claims of sexual misconduct, describing them as false and unsupported. He disclosed that earlier complaints relating to online conduct had been reported to the authorities and were resolved through legal processes, adding that no allegation of rape or sexual assault was made during those proceedings. Ajayi said further complaints were subsequently lodged with the

Nigeria Police following renewed online posts. He said Ogala was invited by the police for questioning and later granted bail, stressing that investigation remains ongoing. He added that Okafor had cooperated fully with police inquiries, honoured invitations, and provided information requested by investigators. Ajayi also dismissed suggestions circulating online that his client evaded arrest or failed to respond to police summons.

ACE/CEO of the NMDPRA in its entirety and that another law enforcement agency has taken over. “The ICPC wishes to state categorically that in line with the provisions of sections 3(14) and 27(3) of its enabling Act, the investigations in the interest of the Nigerian people and the Nigerian state have already commenced and are presently ongoing. “The ICPC will therefore continue to investigate this matter in line with its statutory mandate and in the interest of transparency, accountability and the fight against corruption for the benefit of Nigeria,” the statement read in part. Dangote had last month called on the ICPC to arrest, investigate and prosecute Farouk for offences bordering on corruption and financial impropriety, in the performance of his duties as CEO of the petroleum regulatory agency. The businessman in the petition, submitted to the office of the ICPC Chairman, Musa Aliyu (SAN), alleged that Farouk spent over $7 million on the education of four of his children in Switzerland. According to the petition, a copy which was seen by our correspondent, Farouk was said to have paid his children’s fees

up-front for a six-month period, without any lawful source of income to justify such expenditure. The petitioner had further claimed that the NMDPRA boss grossly abused his office contrary to the extant provisions of the Code of Conduct for public officers and by some doing enmeshed himself in monumental corruption and unlawful spending of public funds running into million of dollars. “That Engr. Farouk Ahmed spent without evidence of lawful means of income humongous amount of money of over 7million dollars of Public funds for the education of his four children in different schools in Switzerland for a period of six years upfront,” the petition read in part. To buttress his allegations Dangote had given the names of the four children, the Swiss schools they attend, the amount paid for each of them, to the ICPC for verification and confirmation. The business mogul had also alleged that Farouk used the instrumentality of the NMDPRA to embezzle and divert public funds for personal gain and private interests, actions which he claimed had fuelled public outrage and recent protests by various groups.

Police Celebrate Retired DIG Nwobodo on Coronation as Traditional Ruler

development. professionalism and exemplary NASENI Launches Inter-agency Linus Aleke inAbuja A statement by the Force leadership. He also served as Director of Nigeria Police Force has Spokesperson, CSP Benjamin extended its warmest con- Hundeyin, noted that Retired Courses at the Nigeria Police Innovation Competition for MDAs The gratulations to Retired Deputy DIG Nwobodo’s elevation to Academy, Kano, making signifi-

Says move meant to stimulate local solutions

Emmanuel Addeh in Abuja The National Agency for Science and Engineering Infrastructure (NASENI) has announced the launch of an inter-agency innovation competition among Ministries, Departments, and Agencies (MDAs) of the federal government.

The inter-agency innovation competition & awards, it said in a statement, is aimed at harnessing innovation, promoting collaboration and creativity among the MDAs. NASENI added that it has the statutory mission “to develop and maintain a dynamic infrastructure to drive Nigeria’s indigenous industrialisation, job

creation and national progress for the country.” This specific initiative amongst the MDAs, the organisation stressed, seeks to harness innovative ideas that can drive technological advancement and address pressing challenges facing the nation amongst public servants.

Inspector-General of Police, Godwin Chijioke Nwobodo, on his coronation as the traditional ruler (Igwe) of Ihueze-Nnewe Autonomous Communities, Aninri Local Government Area, Enugu State. The coronation which took place on Saturday, 27 December 2025, is a well-deserved honour recognising his lifetime of exemplary service, integrity, and commitment to leadership in both public service and community

the revered traditional stool affirms the confidence placed in his character, wisdom, and capacity to lead. Retired DIG Nwobodo joined the Nigeria Police Force in 1984 and served over three decades with distinction in various operational, administrative, and leadership roles across the country. He held appointments as Divisional Police Officer (DPO) in multiple Police Divisions, where he consistently demonstrated

cant contributions to the training and mentorship of officers. Rising to the rank of Deputy Inspector-General of Police, Nwobodo was entrusted with the leadership of the Department of Information and Communication Technology (ICT) at Force Headquarters, Abuja. In this capacity, he played a pivotal role in integrating technology into policing operations and administration, helping modernise the Force.

THISDAY • THURSDAY, JANUARY 8, 2026

NEWS

PREPARATION FOR NATIONAL INTERMEDIATE GAMES FOR UNDER-18 ATHLETES...

L-R: Director of Sports Facilities, Lagos State Sports Commission (LSSC), Mr. Deji Aladegbemi; Chairman, University of Lagos (UNILAG) Sports Council, Prof. Alabi Soneye; SSA to Lagos Governor on Sports Marketing, Mr. Onaopepo Adu; Director of Sports, LSSC, Mr. Travih Nunayon; Deputy Vice-Chancellor (Development Services), UNILAG, Prof. Foluso Lesi; Director-General, LSSC, Mr. Lekan Fatodu; Director of School Sports, LSSC, Dr. Oluyomi Oluwasanmi; SSA to Lagos Governor on Sports, Mr. Damilare Orimoloye; Director of Technical, LSSC, Ms. Ife Ogunlaja; and Secretary, UNILAG Sports Council, Mr. Felix Akeju, during LSSC management’s discussion with UNILAG on preparations for the National Intermediate Games for Under-18 athletes to be hosted by Lagos State, held in Lagos …recently

PWC: Tax Reforms, Execution Discipline, Institutional Measures to Define 2026 Fiscal Outlook Projects cautious monetary easing

Dike Onwuamaeze

PwC, a global professional services company, has declared that tax reforms, execution discipline, and institutional measures would define Nigeria’s 2026 fiscal outlook. The PwC made these projections in a January 2026 publication titled, “2026 Nigeria Economic Outlook Turning Sacroeconomic Stability into Sustainable Growth,” in which it stated that “poverty level is projected to reach 62 per cent of total population (141 million people) in 2026.” The PwC also projected that the fiscal conditions in 2026 would remain constrained, reflecting modest revenue gains, persistent debt pressures, and execution risks. It stated that with elections approaching in 2027, the risk of elevated fiscal spending in 2026 might trigger inflation risks in 2026 It further projected that Nigeria’s Gross Domestic Product (GDP) would grow by 4.30 per cent in 2026, driven by expan-

sion in the services sector and improvement in macroeconomic conditions; adding that “by 2026, Nigeria’s digital prosperity hinges on clear digital-asset regulation, responsible AI adoption, and closing the digital divide.” It said: “Nigeria’s GDP is projected to expand to 4.3 per cent in 2026 supported by higher crude oil production and stronger performance in dominant sectors. “Fiscal sustainability risks are expected to persist, driven by low revenue to GDP, fiscal leakages, higher spending, and elevated debt service obligations. “Headline inflation is projected to moderately ease in 2026, supported by the Central Bank of Nigeria’s (CBN) tight monetary policy stance, rebasing effects, and improved stability in the foreign exchange market. “The Naira is expected to remain broadly stable through 2026, underpinned by ongoing CBN reforms and improved portfolio inflows. “With inflation trending down, the CBN may cautiously ease its monetary policy stance in 2026.” It noted that the projected

GDP growth in 2026 would be driven by, “expanding services (especially ICT, finance and realestate), a gradual recovery in oil and non-oil exports, and modest improvements in macro stability and investor confidence.” In addition, the professional services company noted that the growth projection for 2026 remained resilient but constrained

National Youth Service Corps (NYSC) threatened to sanction any Corps Producing Institution (CPI) uploading unqualified Prospective Corps Members (PCMs). NYSC Director-General, Brig.-Gen. Nafiu Olakunle, gave the warning in Abuja, at the opening of the 2026 Batch “A” Pre-Mobilisation Workshop, with the theme, “Enhancing Service Delivery Across the NYSC Mobilisation Value Chain.” Olakunle said he had discovered issues in the chain

of corps mobilisation process, adding that all components must be up and doing for the process to be seamless and trustworthy. He warned that the scheme would not hesitate to sanction any erring institution. “CPIs should be aware that the NYSC NDHQ will not hesitate to impose appropriate sanctions on any CPI found to violate established standards,” he said. Earlier, Olakunle stated, “The NYSC mobilisation process is a complex ecosystem of interconnected actors and systems. It includes the production, validation, mobilisation, deployment,

growth but may continue to concentrate output in capital and technology-intensive sectors. “Limited spillovers into employment-intensive activities could weaken the transmission of growth to jobs and household incomes,” it said. The PwC also stated that “tax reforms, execution discipline, and institutional measures will define

the 2026 fiscal outlook.” It also projected that in 2026, “tax revenue mobilisation is expected to strengthen further, driven by the phased implementation of tax reforms, tighter compliance enforcement, expanded use of digital revenue systems, and improved remittance discipline across revenuegenerating agencies.”

Kaduna Farmers Seek FG Bailout After N10.16bn Maize Losses John Shiklam in Kaduna

Over 2,000 farmers in Kaduna State who suffered losses estimated at N10.16 billion during the 2025 farming season have appealed to the federal government for assistance in the form of free or subsidised farm inputs. The farmers, drawn from the three senatorial districts of the state, said they were pushed to the brink by a sudden nationwide crash in maize prices, despite

NYSC Threatens Sanctions against Institutions Uploading Unqualified Corps Members Oghenevwede Ohwovoriole in Abuja

by sectoral concentration and execution risks. “Economic growth in 2026 is expected to remain anchored in services, particularly ICT, finance and insurance, and real estate, reflecting sustained digital adoption, financial deepening, and urban demand. “This services momentum should support headline GDP

and management of Prospective Corps Members (PCMs). “I have identified a number of such issues which I intend to discuss briefly; Challenges with CPIs, Internal Operational Gaps within NYSC, and others. “Unfortunately, several issues continue to weaken effective service delivery at this level. “These include violations of established NYSC mobilisation guidelines, uploading unqualified graduates, inconsistent academic records, data discrepancies, intentional record manipulation for personal or illegal gain, and weak internal verification systems.

unprecedented increases in the cost of agricultural inputs. Their appeal was contained in a letter addressed to the Secretary to the Government of the Federation, the Minister of Agriculture, the Governor of the Central Bank of Nigeria, and the three senators representing Kaduna State. The letter, written through their counsel, Ehizogie Imadojemu, explained that the farmers operated under a maize farming scheme coordinated by Alhaji Rufai Dikko, popularly known as Sarkin Labar, but were unable to recover production costs after harvest. According to the farmers, the

scheme, which began in 2017 with 1,000 hectares, expanded to about 10,000 hectares cultivated by 2,143 farmers across Igabi, Soba, Kauru, Zaria and Sabon Gari Local Government Areas. Under the arrangement, Dikko provides capital, farm inputs and logistics, while participating farmers repay him in maize after harvest and sell the remainder to earn income. However, the 2025 farming season proved disastrous as the farmers said a 50kg bag of NPK fertiliser sold for about N60,000, while Urea rose to N50,000 per bag. As a result, the cost of cultivat-

ing one hectare of maize rose to over N2 million, compared with about N1 million in the preceding year. With an average yield of 45 bags of 100kg per hectare, the farmers said each bag needed to sell for about N44,578 to enable them break even. Instead, the prevailing market price fell to about N22,000 per 100kg bag, less than half the required recovery price, resulting in a loss of N22,577 per bag. The farmers noted that from a total output of about 450,000 bags harvested across the 10,000 hectares, an aggregate loss of over N10.16 billion was recorded.

INEC: Why We Didn’t Recognise Candidates of Abure-led LP in FCT Polls

Adedayo Akinwale in Abuja

Independent National Electoral Commission (INEC) said it refused to recognise the candidates of the Julius Abure-led Labour Party nominated for Federal Capital Territory (FCT) council polls and by-elections because his tenure had elapsed. INEC Director, Voter Education and Publicity, Mrs. Victoria Eta-Messi, in

a statement, recalled that on Monday, January 5, 2026 some supporters of LP protested at the INEC headquarters, Abuja, complaining about the exclusion of their candidates for the FCT Area Council Election scheduled for Saturday, February 21, 2026 and demanded for the issuance of access code to upload its candidates for the election. The electoral body maintained that LP had been

enmeshed in prolonged internal leadership disputes since 2024, which culminated in the judgement of the Supreme Court in Appeal No. SC/CV/56/2025 (Usman v. Labour Party) delivered on 4th April 2025. Eta-Messi stated that in the decision, the apex court unequivocally held that the tenure of the Abure-led National Executive Committee had expired.

THURSDAY, JANUARY 8, 2026 • THISDAY

EIGHT

Tanimu Yakubu: Constitution, Fiscal, Legislative Practices Must Guide Budget Discourse

Says budget repeal, re-enactment not a constitutional breach, extension of implementation timeline by N/Assembly legal

James Emejo in Abuja

Director-General, Budget Office of the Federation (BoF), Dr. Tanimu Yakubu, yesterday stated that despite legitimate public interest in fiscal governance, the country’s budget discourse must remain anchored on the constitution, applicable fiscal legislation, and established legislative practice. Yakubu spoke against the backdrop of recent public commentary on the repeal and re-enactment of the 2024 and 2025 Appropriation Acts, and claims that these might have suffered a constitutional breach, fiscal illegality, and failure to provide access to budget documents, leading to calls for their repeal

and re-enactment. He said the constitution did not prohibit the National Assembly from repealing and re-enacting an appropriation act where fiscal circumstances, implementation realities, or reconciliation of fiscal instruments made such legislative action necessary in the public interest. In a statement, Yakubu emphasised that the country’s public finance system rested on the rule of law, institutional responsibility, and the constitutional balance between the executive and the legislature. He stated, “Where macroeconomic conditions and implementation realities require legislative adjustment, the proper response

is lawful legislative action—not informal fiscal practice. “The repeal and re-enactment process, having proceeded through the National Assembly and presidential assent, remains a constitutional and legislative instrument for budgetary oversight and alignment.” Yakubu also reaffirmed the budget office’s commitment to fiscal discipline, transparency, and constructive engagement with all stakeholders in the national interest. He pointed out that where the National Assembly passed a repeal and re-enactment bill and the president assented, the resulting act became valid law. Yakubu added, “It is, therefore, incorrect to describe a duly enacted

repeal and re-enactment as a ‘constitutional impossibility’”. He further stressed that there was nothing unusual with the extension of budget implementation period, saying it is legal. The director-general said, “While Appropriation Acts are commonly framed to operate within a fiscal year, the constitution does not impose an immutable expiry rule that forbids legislative extension for orderly completion of obligations, settlement of certified claims, and alignment of overlapping fiscal instruments. “Where the National Assembly, in exercise of its legislative powers, extends the operational window of an Appropriation Act, such extension is an expression of legislative

authority, not an illegality.” He stated that the assertion that expenditure occurred without appropriation “conflates distinct concepts in public finance administration, including contractual obligations, cash releases, statutory transfers, debt service, and project commitments that may straddle fiscal periods”. According to him, “The legal test is whether expenditure is supported by lawful appropriation or other constitutional/statutory charge, and whether any required legislative oversight is sought through recognised instruments (supplementary appropriation, virement where permitted, or repeal and re-enactment). “The repeal and re-enactment

Tanimu Yakubu process serves, among other things, to consolidate and regularise fiscal authority through an Act of the National Assembly, thereby reinforcing—not undermining— constitutional control of public funds.”

COAS TOURS TERROR-RAVAGED NIGER AS BANDITS ATTACK OLD NATIONAL PARK IN OYO Also yesterday, five people were said to have lost their lives when bandits attacked old National Park Service (NPS) office in Oloka, Ori-re Local Government Area of Oyo State. Shaibu gave the assurance during a courtesy visit to Etsu Nupe and Chairman of Niger State Council of Traditional Rulers, Alhaji Yahaya Abubakar, at his palace in Bida. The visit was part of the COAS’s operational tour of the terror-ravaged state, where kidnapping and relentless violence by bandits and other criminal elements had of late become a regular occurrence. Shaibu’s visit aimed to review the prevailing security situation. According to a statement by

Acting Director of Army Public Relations, Colonel Appolonia Anele, the visit was designed to enable the army leadership conduct an on-the-spot assessment of ongoing military deployments across Niger State, identify operational gaps, and determine areas requiring the deployment of additional troops and combat enablers to address emerging security threats effectively. Speaking during the engagement, the COAS underscored the importance of intelligencedriven operations, with particular emphasis on community-based tactics and human intelligence. He stated that traditional rulers were indispensable partners in the provision of timely and actionable information necessary to support

military operations. Shaibu disclosed plans to leverage modern surveillance and operational technologies to enhance proactive security measures, improve situational awareness, ensure timely response to threats, and bridge existing capability gaps within the state. While commending the Etsu Nupe for his consistent support to troops and military personnel deployed in the area, the COAS described traditional institutions as critical allies in the ongoing fight against insecurity. He said the Nigerian Army was resolute in its constitutional mandate to protect life and property, pledging continued collaboration with state governments, traditional institutions, relevant stakeholders

and local communities to restore and sustain peace across the country. In his response, the Etsu Nupe reaffirmed the commitment of traditional rulers in the state to supporting the Nigerian Army and other security agencies. He assured the military of sustained community cooperation, intelligence sharing, and continued prayers for operational success. The monarch also lauded the professionalism and conduct of Nigerian Army personnel operating within Nupe Kingdom, praising their positive engagement with local communities and their contributions to peace and stability in the area. Shaibu addressed officers and soldiers of 18 Brigade, Bida, during

WIKE: FUBARA IS AN UNGRATEFUL CHILD, DECLARES RAINBOW COALITION WILL PRODUCE ALL ELECTIVE POSITIONS who stood by him and President Bola Tinubu during the 2023 general election. The minister also vowed not to repeat any mistake in his desire to continue to support Tinubu. Wike chastised Fubara for cancelling an employment scheme for 10,000 youths initiated by the FCT minister’s administration, when he was governor of the state. The minister also accused Fubara of taking credit for projects he (Wike) started in Ahoada and Emohua local government areas. He said he had made 70 per cent payment for the construction of Ahoada-Omoku road and Emohua-Kalabari Road before handing over to Fubara. Wike alleged, “When I decided to dualise this Ahoada road, people thought it was impossible. But by the grace of God, today, Ahoada East, Ahoada Town, is coming back to be the city it is supposed to be. I finished phase one of this dualisation. “Then I flagged off phase two, which would end up in Omoku. The job was given the same day as Emohua’s job in the Kalabari area. I gave it to Julius Berger, and we signed an agreement for Julius Berger to collect N4 billion every month from our IGR. “The total amount of that road, and the one from Emohua to the Kalabari area, was about N80 billion. So, I said, if they collect N4 billion every month, that would give them 48 billion. That in two years’ time, they would have completed.

“Today, I hear people are making noise. They even forgot who laid the foundation. On that road, I gave it to Setraco. I paid about 70 per cent. I remember that day, they gave me 100 plots of land. I said, thank you, I don’t need land there. What is continuity? “I employed Rivers State youths, 10,000. The person we handed over power to, instead of allowing the 10,000 youths, he cancelled that job. 10,000 youths. A bad child is a bad child.” Wike praised political leaders, party officials and grassroots supporters in the area for their loyalty, stating that gratitude and accountability remain the foundation of enduring political relationships. He stated, “One thing I can assure you is this: when a man makes a mistake and comes back to say, ‘I am sorry, I made a mistake,’ that mistake can be corrected. No propaganda, no shouting and no battle can solve problems. Only accountability and correction can. “Here, we don’t focus on political parties. What we have is a family, a rainbow coalition. If you don’t belong to this family, forget it. After the president, this family will determine the direction of the state.”

CP-PDP to APC: Sack, Investigate Wike

Conference of Professionals in Peoples Democratic Party (CP-PDP) asked All Progressives Congress (APC) to sack Wike over alleged

corruption, speculated procurement of court pronouncements, and other acts undermining democracy in Nigeria. CP-PDP, in a statement by its chairman, Obinna Nwachukwu, said Wike’s situation was like the pathetic story of a “political vagabond” who had been disgraced by APC—the same ignoble and despicable interests he served by viciously working to derail PDP and manipulate the institutions of democracy and governance to the detriment and injury of millions of Nigerians; the reason he was

expelled from PDP The PDP group said Nigerians were not deceived by APC’s attempt to create the impression that Wike was not an APC member, especially as he was a top official in the government. The stated regarding Wike, “He is actively taking part in the formulation and implementation of APC’s anti-people policies, which have brought so much anguish to Nigerians, while campaigning for APC candidates and allegedly obtaining judicial pronouncements in favour of the party.”

a visit to Latini Barracks as part of his tour of the brigade’s Area of Responsibility. During the address, the COAS assured the troops of improved welfare packages aimed at boosting morale and enhancing operational effectiveness. He stated that the Nigerian Army, under his leadership, remained fully committed to prioritising the welfare of personnel and their families, describing it as a critical factor for sustained operational success. He stated that troop welfare was receiving continuous attention at the highest level, while commending the officers and soldiers for their dedication and sacrifices in maintaining relative peace within their operational areas. Shaibu charged the troops to remain resolute in degrading and neutralising bandits and terrorists, stressing that sustained efforts are essential to restoring public confidence and improving security. He also disclosed plans to construct additional accommodation facilities and establish skills acquisition centres to enhance the well-being and economic empowerment of troops’ families.

Police Foil Kidnap Attempt, Rescue 76 Kids

The Nigeria Police foiled an attempted attack and planned kidnapping of children in the Kasuwan Magani area of Kaduna State, rescuing 76 victims in the

process. According to the force, Kaduna State Police Command received credible intelligence about 8pm on January 5, 2026 that suspected bandits were planning to attack motorists conveying children through the area with the intent of kidnapping them. A statement by Force Public Relations Officer, CSP Benjamin Hundeyin, said upon receiving the intelligence, the Divisional Police Officer (DPO) of Kasuwan Magani Division immediately mobilised a team of police personnel to the location. “On arrival, the police team engaged the suspects and successfully repelled the attack,” the statement said. It added that the operation led to the rescue of 76 children, comprising both males and females aged between seven and 20 years. “All the rescued children were un-harmed,” Hundeyin stated. The police also arrested three suspects during the operation. They were identified as Jonathan John, 25; Oliver Magaji, 27; and Bitrus Sawaba, 23. Preliminary investigations revealed that the suspects were conveying the children to various parts of the country for purposes of child labour and other illegal activities. The suspects were held in police custody, while the rescued Continued on page 29

US DEMANDS VISA BONDS FROM NIGERIANS, NATIONALS OF 37 OTHER COUNTRIES visas from the listed countries countries were covered by the payment of a visa bond did travellers depart the United States would be required to post a bond policy, with implementation dates not guarantee visa issuance, on or before the authorised stay of $5,000, $10,000, or $15,000, ranging from August 2025 to stating that applications may expires, do not travel before visa still be refused after payment. expiration, or are denied entry depending on assessments January 2026. As part of the bond condi- at the port of arrival. conducted during their visa U.S. authorities emphasised that interview. the bond requirement applied tions, affected visa holders were However, overstaying, failing to For Nigerians, the requirement regardless of where the visa required to enter and exit the depart, or attempting to change takes effect from January 21, 2026. application was submitted, United States only through three immigration status — including The measure is part of a pilot meaning Nigerians applying designated airports – John F. applying for asylum — may result programme established under outside the country will also Kennedy International Airport in a bond breach, with cases Section 221(g)(3) of the U.S. Im- be affected. (New York), Washington Dulles forwarded to U.S. Citizenship Applicants instructed to post a International Airport, and Boston and Immigration Services (USCIS) migration and Nationality Act, aimed at addressing concerns bond must complete Department Logan International Airport for enforcement action. The U.S. government said the over visa overstays, particularly of Homeland Security Form I-352 (Massachusetts) The new rule stipulates that initiative was part of broader efamong visitors from countries (Immigration Bond) and make payments exclusively through failure to comply with the des- forts to strengthen immigration with higher overstay rates. Nigeria joined several African the U.S. Treasury’s official Pay. ignated ports of entry rule could compliance while maintaining nations on the list, including gov platform. lead to denied admission into the lawful travel opportunities. The U.S. government warned United States or an improperly Although, the move is expected Ghana’s neighbours, Benin and Togo, Senegal, Uganda, applicants against using third- recorded departure, potentially to generate significant reactions Zimbabwe, Algeria, Angola, and party websites, stressing that triggering penalties under the in affected countries, including Zambia, alongside countries in any funds paid outside official bond agreement. Nigeria, where travel to the Asia, the Caribbean, and Latin systems would not be recognised According to the Department of United States remains popular or refunded. America. State, visa bonds will be automati- for business, education, and Officials also clarified that cally cancelled and refunded if family visits. In total, nationals of 38

tHURSDAY, JANUARY 8, 2026 • T H I S D AY

T H I s D Ay • THURSDaY JaNUaRY 8, 2026

Politics

Acting Group Politics Editor DEJI ELUMOYE Email: deji.elumoye@thisdaylive.com 08033025611 sms only

Rivers: Much Ado About Fubara’s Second Term Bid

The internal political war between Minister of Federal Capital Territory, Nyesom Wike and Rivers State Governor, Siminalayi Fubara has taken another dimension, with the recent face off between Wike and National Secretary of the all Progressives Congress, ajibola Basiru, on the second term bid of Fubara. Blessing Ibunge reports.

Fubara

ivers State politics, of recent, has been in public discourse. Decisions and counter decisions have been made to achieve a permanent solution to the Tsunami that has rocked the stability of governance in the state. But the more it seems peace has returned to Rivers state, it is then a renewed political battle among interest groups crop up. Despite the efforts made by the Presidency for reconciliation between the warring parties, it only ended in mere words and unfulfilled written agreement. A fresh battle now begins, all in a bid to shield opportunities towards 2027 general polls. The battle that began in the bedroom of a couple has escalated to a community town square. The man in confrontation with his wife will tell his kinsmen that she disobeyed him without coming clear on what she actually did. The woman on her side decided to hide the cause of the conflict, instead receiving the punishment that has been declared on her. Rivers State is not different from the crisis in marital home. Former Governor Nyesom Wike had in the past been celebrated as the godfather of the incumbent governor of Rivers state, Siminalayi Fubara. It was obvious that the FCT Minister contributed largely towards the emergence of Fubara as governor of the State, despite strong opposition from other quarters who allegedly felt disappointed in the nomination of the governor, even when they had shown serious commitment and expressed interest in the governorship position. The Peoples Democratic Party (PDP) governorship primaries held at the Obi Wali Cultural Centre in Port Harcourt, the state capital, left many aspirants of the PDP sad and displeased on the choice. But in their comradeship disposition, the aspirants supported the choice of the then outgoing governor (Wike) on who becomes his predecessor. It was a smooth governance seeing the father and son, including the legislative and judicial arms work together, but in less that three months, residents of the state started hearing rumours of disagreement, which later escalated to present political battle the people are witnessing today. All that Rivers people could hear from the warring parties was that agreement must be respected and upheld, but none of the parties has boldly told the people what the agreements

Wike

are, maybe such could have had a solution. Lawmakers of the State House of Assembly led by the Speaker, Hon Martins Amaewhule have been in the same disagreement, which led to a series of legal actions, including the disastrous detonation of explosive at the Assembly complex on Moscow Road in Port Harcourt, by yet to be convicted suspects in October 2023. In the over two years of the political conflicts, President Bola Tinubu has maintained neutrality, trying to solve the problem that cropped up between Wike and Fubara. The president held closed-doors meetings with both the parties in Abuja, both written and verbal agreements were made for peace to reign in the state. At first, on return from the meetings, Rivers people began to celebrate a new beginning and happy moment for the parties, they also attended functions together giving the impression that all has been settled, only for a renewed war to ensue months later. Although Rivers elder statesmen and other external bodies have intervened in the crisis, the parties have not shown any sign that the battle is coming to an end any soon. Recall that in the heat of the battle last year, the President declared a State of Emergency in the State, thereby suspending the democratic government. During this period, the State suffered serious economic set-

Basiru

backs, infrastructure development was halted, nothing seems to be functioning, until recently when power was restored back to Governor Fubara’s led government. On the governor’s return to office, conditions were given including dropping State Executive Council member appointed during the crisis, though it was not a simple decision, but for peace the governor obeyed the last order. All will think that at this period the war has ended, not until recently, when the FCT Minister was expelled from PDP by the national leadership of the party, who believe that the only way to recover the party that was near extinction is by ousting some members who they perceived to be troublemakers. The fear of being expelled also and possibly risk being politically homeless in 2027, the lawmakers in the State loyal to Wike quickly defected to APC. Ostensibly to ensure he is not the only one left in the boat to sink in the State, especially in smartness to beat suspected plan for further impeachment process by the defected lawmakers, Governor Fubara after a close-door meeting with President Tinubu also defected to APC. The governor had on December 9, 2025 at the Government House Port Harcourt, officially announced his defection from PDP to APC. He told Rivers’ people that he wouldn’t want to make any mistake in his decision. While making the announcement, Fubara who was boldly singing praises of President Tinubu said the president ensured his government returned to office after six months suspension over the political crisis that rocked the State for about two years. He said he can now work with his supporters

The more it seems peace has returned to Rivers state, it is then a renewed political battle among interest groups crop up. Despite the efforts made by the Presidency for reconciliation between the warring parties, it only ended in mere words and unfulfilled written agreement. A fresh battle now begins, all in a bid to shield opportunities towards 2027 general polls.

without interference from external bodies, noting that the President is in full support of his decisions. “We have the full support of the President; we have a positive reason to leave where we are because we didn’t get any protection. To go to where the reason why we are still standing is because of that place, and the truth is without Mr. President, there won’t be any of his Excellency, Siminalayi Fubara. It would have been a former governor. “So, we have every reason, because the truth, let nobody be fooled in this state. We have the people, we have the supporters, and we have the number. Our only thank you to Mr. The President is to support him. And we cannot support Mr. President in isolation, and we can’t support Mr. President if we don’t fully identify with him, not backyard support. We have taken that decision today since we have gotten the pass. Everyone here who has followed me, who has suffered with me, our decision today this evening is to move to APC.” Fubara made a formal registration of membership in his Ward in Opobo, while both the State and national leadership of the APC also warmly welcomed him to the party. Since his current romance with the new political family, the governor has continued with inauguration and award of projects in the State, although in some of his remarks during the events, he altered words which most times are a critique of the FCT Minister’s camp. Like when the governor recently stated that some people are “barking like dog”. On his part, the FCT Minister for over a week now has been moving from LGA to LGA, a programme he designed to thank the people at the grassroot for enhancing the votes that brought Tinubu to power. In most of the outings, Wike had always told his supporters that he would not make the same mistake of nomination that he did in 2023. He was categorical that the last support for State governorship wass never appreciated. The former governor also rejected Fubara as the leader of APC in Rivers State, after the governor announced that he is the “APC 001”. Also, APC Vice Chairman (South-South), Chief Victor Giadom in his remarks, addressed Fubara as a “so-called governor”, thereby demeaning the governor’s status. NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

THURSday, JANUARY 8, 2026 • T H I S D AY

FEatures

Group Features Editor: Chiemelie Ezeobi Email chiemelie.ezeobi@thisdaylive.com,

From Passion to Patisserie: A Decade of Building Glazes and Ganache with Adesayo Osipitan

Ten years after its humble beginnings, Glazes and Ganache has grown into more than a dessert brand; it is a space where craft, memory and flavour intersect. Founded by Adesayo Osipitan, a trained chartered accountant who followed an unexpected calling into patisserie, the business has evolved steadily from a home kitchen into a trusted destination for desserts and, more recently, a brunch and dessert café. Known for its precision, storytelling and genuinely satisfying flavours, Glazes and Ganache has built a loyal community around food that is as thoughtful as it is delicious. In this interview, Osipitan reflects on the journey so far, the discipline behind the creativity, and how the brand is shaping its next chapter as it marks a decade in business. Nume Ekeghe presents excerpts: Please tell us about yourself and the journey that led you to found Glazes and Ganache. y name is Adesayo Osipitan, and I am the founder and head chef at Glazes and Ganache. My journey into baking began from the love and fulfilment I found in feeding my brother and his friends. Creating food that brought people together gave me a deep sense of purpose, and I soon realised I wanted to do more than bake casually. Although I trained and qualified as a chartered accountant, I decided to explore baking professionally by interning at a bakery as a trial. That experience confirmed my passion and led me to pursue formal culinary training, where I fell in love with patisserie and detailed craftsmanship. Over the past ten years, Glazes and Ganache has grown organically into a trusted brand built on quality, consistency, and community.

carries a memory, whether tied to travel, friendship, or childhood, and that connection creates depth beyond taste. Storytelling allows customers to experience more than a product. It invites them into shared moments, emotions, and memories, which is what builds loyalty and makes the brand feel human and enduring.

You started out as a chartered accountant before discovering your passion for baking. What prompted that shift, and how did you know it was more than a hobby? Becoming a chartered accountant was a disciplined and logical path, but baking gave me a sense of fulfilment that went beyond structure or routine. It was something I consistently prayed about, asking God for clarity and direction. Over time, it became clear that this was not just a hobby but a calling. I knew it was more than personal enjoyment when people trusted me with meaningful moments and encouraged me to take the gift seriously. Interning in a bakery helped me test the reality of the profession, and through prayer, confirmation, and experience, I felt God leading me to pursue baking fully. My faith gave me the courage to step away from what was familiar and trust His guidance. Choosing culinary school over a master’s degree was a defining moment for you. What convinced you to take that path, and how did it change the way you see your purpose? Choosing culinary school over a master’s degree was a defining decision. My father was strongly opposed at first, and it took the support of my entire family to convince him to allow me to use the funds meant for my master ’s degree for culinary school. That moment forced me to be honest about what I wanted to pursue long term. Culinary school refined my skills and discipline and confirmed that baking was not just an interest but a profession I was willing to commit to fully. You’ve

described

discovering

Osipitan

patisserie as falling in love with precision, beauty and storytelling. What did that discovery unlock for you creatively? Discovering patisserie unlocked a deeper creative discipline for me. It taught me that creativity thrives within structure and precision, not chaos. I learned to appreciate balance, technique, and the importance of detail in telling a story through food. Patisserie allowed me to combine beauty and consistency with emotion and memory. It changed the way I approached baking, not just as making desserts but as creating experiences that feel intentional, thoughtful, and memorable from the first look to the last bite. Glazes and Ganache began in your home kitchen and eventually took over your entire house before moving into a dedicated space. What did that early phase teach you about resilience and belief? Starting Glazes and Ganache from the living room of my apartment taught me patience and resilience. When I got the apartment, my sister remodelled the space to allow me to live and work from the same environment. That setup forced me to be resourceful and intentional, reinforcing the value of steady growth, quality, and belief in small beginnings. On April 9, 2023, you officially launched your treat store. What did that moment represent for you, beyond opening the doors to customers? The launch of the treat store on April 9, 2023 represented a deep moment of affirmation for me. It marked the transition from behind

the scenes production to welcoming customers into a physical expression of the brand. Beyond opening doors, it symbolised answered prayers, years of consistency, and the courage to trust growth. It was proof that quiet, steady work can eventually create visible impact and shared experiences. Last month you expanded the brand with the launch of a brunch and dessert café. What inspired this evolution, and how does the café deepen the Glazes and Ganache experience? The launch of the brunch and dessert café was inspired by years of customer requests for a space to sit, linger, and experience the brand beyond takeaway. It felt like a natural evolution rather than a sudden expansion. What makes the café especially meaningful to me is that every baked item served for brunch is produced from scratch in our kitchen. This allows us to control quality and stay true to our standards while offering a more immersive experience where food, service, and atmosphere come together intentionally. Your menu is built around nostalgia: bagels tied to travel memories, bubble tea linked to friendships, pastries that echo childhood experiences. Why was it important for the brand to be rooted in storytelling rather than just products? It was important for the brand to be rooted in storytelling because food is deeply emotional and personal. I wanted Glazes and Ganache to feel familiar, comforting, and meaningful, not transactional. Each menu item

In a competitive food and hospitality space, what do you believe truly sets Glazes and Ganache apart from other bakeries and dessert spots? What truly sets Glazes and Ganache apart is our depth of execution and consistency. We invest heavily in developing products in house, from large scale bagel production and speciality offerings like soufflé pancakes and bubble tea, to pastries that have become known for their quality and craftsmanship. We focus on process, precision, and quality rather than trends. Beyond the food itself, we prioritise experience, trust, and long term relationships, which keeps customers returning and recommending the brand organically. You often say your customers have become your best storytellers and marketers. How intentional have you been about building community around the brand? Building community around Glazes and Ganache has been very intentional from the beginning. I have always believed that people connect more deeply with brands they feel seen by. We prioritise consistency, conversation, and care in every interaction, whether online or in store. Over time, customers began sharing their experiences naturally because they felt invested. That sense of community has grown organically into our strongest form of storytelling and trust. Running a full service dessert bar and now a brunch café comes with both creative and operational demands. How do you balance passion with the realities of running a growing business? Balancing passion with the realities of running a growing business requires structure, discipline, and clear priorities. Creativity drives the vision, but systems sustain the business. I have learned to respect both. While I remain closely involved in product development and quality control, I also focus on building processes, teams, and routines that allow the brand to function consistently. Passion may start the journey, but intentional operations are what make long term growth possible. NOTE: Story continues in the online edition on www.thisdaylive.com

T H I S D AY • Thursday, January 8, 2026

BUSINESSWORLD R A T E S MONEY MARKET

A S

REPO

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Group Business Editor Eromosele Abiodun Email oriarehu.eromosele@thisdaylive.com

08056356325

J a n u ar y

S & P INDEX

7 , 2 0 2 6

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EXCHANGE RATE

OPR

25.34%

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23.25%

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595.26

1/4 to daTE

0.24%

N1,475 / 1 US DOLLAR*

OVERNIGHT

25.18%

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YEAR TO DATE

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3-MONTH

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0.24%

African Fintechs Projected to Grow Profitably, Sustain the Continent in 2026

Emma Okonji African Fintech Summit (AFTS), the premier global initiative dedicated to African Financial Technology (Fintech) ecosystem, has projected African Fintechs in its 2026 Outlook, as an ecosystem that would transit from chasing global investments to becoming the hub that would attract global investments and powered by African founders. Managing Director of AFTS, Zekarias Amsalu, who made the projection, said: “2026

will mark the transition from African fintechs going global, to becoming the globe itself that would be powered by African founders, capital, talent and infrastructure. The continent will no longer just be adopting global technologies and solutions, or seeking for investments globally, but will be exporting solutions that will attract global investors.” According to him, his prediction is based on 2025 being a pivotal year for Africa’s digital sector, where Fintechs shifted from

rapid scaling to prioritising sustainable growth and profitability. “Regulators made bold moves in 2025 to support innovation, while local exchanges saw five Initial Public Offers (IPOs), including two from Fintech companies. African startups raised over $3 billion in disclosed funding—a 33 per cent year-on-year increase, as detailed in 2025 Prediction & Reality Check Report last month,” Amsalu said. His prediction started

manifesting last week, when Flutterwave, a global Fintech company with Nigerian origin, announced the acquisition of Mono, an African open banking and account-based payments provider. According to Flutterwave, the acquisition will enable it to strengthen its payments infrastructure and accelerate the growth of open banking in Africa, focusing on interoperability, data-driven solutions, and locally relevant payment methods. The acquisition marks

a significant step towards Flutterwave’s long-term vision of constructing an interconnected, interoperable financial ecosystem for Africa, with open banking at its core. Founder and CEO of Flutterwave, Olugbenga Agboola, said the acquisition would empower businesses operating within African markets while ensuring security, compliance, and local relevance. Giving details of his prediction for African Fintechs, Amsalu said: “From

mobile money innovations to cloud computing, born in Africa and gifted to the world, Africa is increasingly powering the world from within. Fintech platforms born out of necessity are now enabling cross-border trade, remittances, and digital finance far beyond the continent, while African engineers, founders, and creatives are building products that serve global users at scale. The story continues online on www.thisdaylive.com

Report: AI-driven Cyber Threats Outpacing Africa’s Defence Capabilities Emma Okonji

A new report from Boston Consulting Group (BCG) has revealed that Artificial Intelligence (AI) technology is fundamentally reshaping the cybersecurity landscape and exposing major gaps in corporate defences. According to the report, despite the growing awareness of the risks, the pace of cyber defence adoption is failing to keep up with the speed and sophistication of AI-driven attacks. The report, themed: ‘AI Is Raising the Stakes in Cybersecurity’, is based

on a global survey of 500 senior leaders, including 50 in Africa, across industries and geographies. From the report findings, almost 60 per cent of African companies believe they experienced an AI-powered cyberattack in the past year, yet only half prioritise using AI to improve cyber defences, and only 7 per cent of global organisations have so far deployed AI-enabled defence tools, even though 88 per cent plan to do so. Analysing the report, Managing Director and Senior Partner at BCG Casablanca and Head of BCG’s Tech Hub

in Africa, Hamid Maher, said: “AI is enabling a new era of cyber threats that are faster, more deceptive, and infinitely more scalable - and African businesses are already feeling the impact. More than half have faced AI enabled attacks in the last year, yet only 29 per cent have advanced AI cyber defence capabilities. This gap between the speed of attackers and the tools defenders use is creating an exposure level that African continent can no longer afford.” Maher outlined how AI has enhanced attackers’ capabilities across a range of tactics, from ransomware and

phishing to voice cloning and deepfake video fraud. Some of the outlines showed a $25 million fraud incident at a multinational engineering firm triggered by a deepfake video call impersonating the CFO, and an AI-generated robocall campaign spoofing voter communications, leading to a $1 million regulatory fine. Also outlined, is a ransomware attack on a healthcare provider that encrypted hospital systems and delayed surgeries, yet organisational response has been sluggish, according to the report. “Just five per cent of global and three per cent of African

companies have significantly increased cybersecurity budgets due to AI. 69 per cent of global and 82 per cent of African companies report difficulty hiring AIcybersecurity talent. Only 25 per cent and 29 per cent of existing AI-enabled defence tools are considered advanced by global and African organisations respectively; a growing concern as agentic AI accelerates threat evolution,” Maher said. Managing Director at BCG Platinion Casablanca, Hakim Hamane, said: “While attackers are evolving with AI, most

organisations across Africa are still relying on outdated tools and underfunded strategies. When 82 per cent of companies struggle to hire AI security talent, it’s clear that the continent’s cybersecurity posture must shift from reactive to truly future ready.” According to the report, company executives foresee that the nature of AI-powered cyberattacks will continue to evolve rapidly, requiring a constant recalibration of defences. The story continues online on www.thisdaylive.com

M a r k e t d ata A s at W e d n e s d ay, J a n u a r y 7 , 2 0 2 6 BONDS Description Price Yield Change Updated Time (%) ^16.2884 17January 99.42 16.78 0.01 7, 2026 MAR-2027 January ^19.94 20102.48 17.46 0.00 7, 2026 MAR-2027 ^13.98 23January 94.94 16.88 0.01 FEB-2028 7, 2026 ^21.00 20January 107.42 16.77 0.00 MAR-2028 7, 2026 ^14.55 26January 104.22 17.51 0.29 7, APR-2029 2026

BILLS Maturity NTB 5-Feb26 NTB 5-Mar26 NTB 9-Apr26 NTB 7-May26 NTB 4-Jun26

Discount Yield

CPs

Change (%) Updated Time

Maturity

15.55

15.74

January -0.01 7, 2026

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16.19

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16.01

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EULL CP IX 18-JAN-26 SKIS CP XV 23-JAN-26 VAAG CP XII 2-FEB-26 DANC CP XXI 11-MAR-26 NEVE CP II 3-APR-26

15.85

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19.83

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20.79

21.10

18.33

18.92

19.49

20.42

CLEARED NAIRA-SETTLED NDFS Change (%)

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January 0.00 7, 2026 January 0.00 7, 2026 January 0.00 7, 2026 January -0.01 7, 2026 January -0.01 7, 2026

Contract Current Tenor Contract Rate ($/₦) (Month) NGUS JAN 13M – 27 2027 NGUS FEB 14M – 24 2027 NGUS MAR 15M – 31 2027 NGUS APR 16M – 28 2027 NGUS MAY 17M – 26 2027

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January 7, 2026 January 7, 2026 January 7, 2026 January 7, 2026 January 7, 2026

Thursday, January 8, 2026 • T H I S D AY

BUSINESSWORLD

Interview

Agwuegbo: Tech-facilitated Violence Targets Girls Disproportionately Founder, TechHerNG, Chioma Agwuegbo, who was in Nigeria during the Technology-facilitated Gender-Base Violence Policy Roundtable held in Abuja, spoke on the need for a coordinated action to address gender-based violence in Nigeria and beyond. Emma Okonji presents the excerpts: You co-hosted a policy roundtable summit on Technology-facilitated Gender-Based Violence (TfGBV) in Abuja recently. Why the choice of Nigeria to host such a campaign and what were the outcomes? igeria was a very deliberate choice; we live and work in Nigeria, and charity begins at home. However, Nigeria is also highly strategic: it is Africa’s most populous country, one of its fastestgrowing digital markets, and a place where women and girls are increasingly online for education, work, expression, and community. Unfortunately, it is also a place where online harm is growing faster than our legal, social, and institutional responses. At TechHer, we work daily with survivors through KURAM, our reporting and response platform for technology-facilitated violence. We also monitor and document, through policy briefs and research reports, trends and developments in harms orchestrated by technology users. The data we see shows patterns that require urgent policy attention. Hosting the summit in Abuja, close to lawmakers, regulators, law enforcement, and national institutions, allowed us to move the conversation from awareness to coordinated action. The outcomes were very practical, even surpassing our expectations. The engagement between civil society, regulators, government, the private sector and the tech ecosystem gives us a lot of hope. We also launched our documentary showcasing the effects of tech-facilitated gender-based violence through the eyes of responders. We also advanced conversations on platform accountability and survivors’ access to justice.

data we have gathered at TechHer tell us that women and girls face layered harms such as sexual threats, non-consensual sharing of intimate images, cyberstalking, impersonation, and economic sabotage. These attacks are often tied to offline risks, including physical violence, reputational harm, and forced withdrawal from education, work, or public life. As a matter of fact, we now have non-consensual synthetic image sharing, which means women and girls are at greater risk without even having to be present. Focusing on women and girls for us, therefore, is strategically addressing the structural inequalities that allowed offline violence to slip through the cracks, which technology has now amplified. As we say to men when we engage them, ending gender-based violence online ultimately makes digital spaces safer for everyone, men and boys included.

Agwuegbo Why the focus on technologyfacilitated violence against females? Are males not also victims of online abuse? Men and boys absolutely experience online abuse, and that should not be minimised. However, technologyfacilitated violence is deeply gendered in

its frequency, severity, and consequences. Women and girls are disproportionately targeted because of who they are, what they say, how they look, or simply for occupying space online. The violence is intersectional and unyielding. What do the numbers say? What does the data show? The evidence and the

Nigeria has recorded several cases of gender-based violence. What could be the reason for this and how best can it be controlled? There are multiple factors. Social norms that normalise violence, weak enforcement of existing laws, limited survivor-centered reporting mechanisms, and poor digital literacy all contribute. Notice the similarity to structures and norms that allow violence against women offline? These harms are compounded by platform incentives that reward sensational or harmful content, and a lack of nuanced, The story continues online on www.thisdaylive.com

Reinforcing Market Confidence Nigeria’s decision to confront terrorism through a targeted joint security operation with the United States is being read in financial and diplomatic circles as more than a military action but a positioning strategy that would herald confidence and attract investment, reports Raheem Akingbolu

rom any angle one chooses to look at it, the recent resolve by the federal government to tackle insecurity through unprecedented joint security operation with the United States is a signal to markets, partners and investors that Africa’s largest economy is aligning security, reform and global cooperation to underpin economic growth and restore confidence. The Christmas Day operation in Sokoto, carried out by Nigerian forces with US support, was precise and intelligenceled, aimed solely at terrorist elements that have disrupted communities and economic activity in parts of the country. Nigerian authorities have been clear that the action does not mark an escalation into conflict, but rather a reinforcement of stability, a distinction with significant implications for capital markets. “Nigeria is not at war with itself, nor with any nation,” Finance Minister and Coordinating Minister of the Economy, Wale Edun said in a statement released Dec. 28. “What Nigeria is decisively confronting alongside trusted international partners is terrorism.” For investors accustomed to linking Nigeria’s risk premium to security headlines, the message was deliberate: security actions that protect lives and productive regions are pro-growth, not destabilising.

Security as an Economic Signal Edun framed the operation as part of a broader reform agenda under President Bola Ahmed Tinubu, positioning security as inseparable from economic stability. “Security and economic stability are inseparable; every effort to safeguard Nigerians is, by definition, pro-growth and pro-investment,” he said. That argument resonates in markets where stability, policy clarity and institutional resolve matter as much as headline growth. Nigeria’s reform programme including exchange-rate adjustments, fiscal consolidation and regulatory tightening has already begun to reshape investor perceptions in 2025. The security cooperation with the U.S. adds a geopolitical layer, signalling Nigeria’s readiness to work closely with global partners to protect both people and capital. Macroeconomic Momentum Builds Nigeria’s economic indicators provide context for the confidence. Gross domestic product grew 4.23% in the second quarter of 2025 and 3.98 per cent in the third, with the government projecting a stronger fourth quarter. Inflation, long a pressure point, has decelerated for seven consecutive

periods and is now below 15 per cent, reflecting tighter coordination between fiscal and monetary authorities. Credit rating agencies have taken notice. Moody’s, Fitch and S&P Global Ratings all upgraded Nigeria in 2025, citing improved policy credibility, stronger external buffers and fiscal discipline. For a country that spent years battling downgrades, the upgrades represent an independent endorsement of reform traction. “Domestic and international debt markets are stable and functioning efficiently,” Edun said, adding that Nigeria has maintained macroeconomic stability despite global shocks and volatile commodity prices. Capital Markets Lead the Re-pricing Nowhere is the renewed confidence more visible than in Nigeria’s capital markets. The Nigerian Exchange Group (NGX) emerged in 2025 as one of Africa’s strongest performers, defying global uncertainty and persistent foreign-exchange concerns. By Dec. 24, the NGX All-Share Index had gained nearly 49.2 per cent for the year, placing it among the continent’s top-performing stock markets. Equity turnover more than doubled year on year, underscoring rising investor engagement,

according to Alhaji (Dr.) Umaru Kwairanga, Chairman of the Nigerian Exchange Group (NGX) in his year end review. Domestic investors drove much of the activity, accounting for roughly 79 per cent to 80 per cent of transaction value, while foreign investors contributed about 20 per cent to 21 per cent, modest by global standards, but a meaningful increase in absolute terms. Market participants see this as a foundation on which deeper offshore participation can be built as reforms mature and policy risks recede. Total market capitalisation expanded sharply. As of December, the combined value of equities, debt instruments and exchange-traded funds listed on the NGX stood at about N149.9 trillion, with equities accounting for more than N98 trillion, or roughly 65% of the total. Banking, consumer goods, industrials and telecommunications led the gains, supported by strong earnings and balance-sheet resilience. The primary market also played a critical role in mobilising long-term capital. New listings and capital surged to an estimated N6.34 trillion in 2025, boosted in part by strategic bank recapitalisation. The scale of issuance reflected confidence from issuers as well as investor appetite for Nigerian risk. The story continues online on www.thisdaylive.com

THISDAY • THURSDAY, JANUARY 8, 2026

PERSPECTIVE

Abubakar Malami: What Manner of Suspect? By Wale Olayinka

obel Laureate, Wole Soyinka in one of his works, The Man Died, described a comical scene as “ dramaturgical fantasia”! This phrase aptly captures the public posturing of the former Attorney - General and Minister of Justice, Abubakar Malami, SAN, to his investigations by the Economic and Financial Crimes Commission, EFCC. Malami’s reactions, disclosures and claims in the public space, are clearly out of sync with objective realities and even legal norms. As a former chief law officer of the nation, treating law enforcement investigations like a political soap opera, is both worrisome and disheartening. The EFCC told the whole world that the former minister was offered an administrative bail and the conditions well- spelt out. The Commission even graciously allowed him to attend to his health even when the bail conditions had not been met. Why did Malami choose to ignore those conditions in preference for political meetings in his home state? Why did he think the EFCC will allow him to carry on his normal daily activities as if he was not under investigation? Why did the former minister choose to answer his investigators in the media rather than the investigation room? Why did he take the issue of bail lightly as if the law is amenable to his whims and caprices? Worse still, the minister resorted to blackmail and sentiments by linking his investigation to what he called “ personal vendetta” by the EFCC’s Chairman, Ola Olukoyede. It is strange that Malami now remembers that there is one Salami Report that indicted Olukoyede! The whole world still recollects the trumped- up charges raised against Ibrahim Magu, former EFCC Chairman and Olukoyede. That Malami orchestrated the trial to get Magu out of office is still fresh in our memory. What I cannot understand is the linkage between alleged monumental fraud the EFCC is investigating and Olukoyede’s “ malice” against the former minister. We heard that the EFCC is investigating the former minister for alleged re- looting

Abubakar Malami

of recovered Abacha’s loot, controversial Kebbi investments, CBN anchor borrower program, humongous hotel investments in Abuja and Kano among other alleged fraudulent dealings. How will one man’s malice offer prosecutable evidence against Malami if he is innocent of those allegations? More laughable is Malami’s plea that the EFCC’s Chairman should recuse himself from his investigation. Is Olukoyede the petitioner against Malami? It is obvious the former minister knew that his case is bad and the EFCC’s seems not to be ready to compromise anything concerning his investigations. Few days ago, Malami’s theatrics fell flat

when an Abuja court turned down his quest to compel the EFCC release him from its custody. Again, is Olukoyede the judge that refused to grant his request? The truth of the matter is that the former minister is playing the Ostrich with his investigations. He must have thought that the EFCC is the same Commission he held by the jugular when Magu was around. There are good lessons we are learning from the issues of Malami. One of such lessons is that power is transient. I can still recall the dimension of political strength and power Malami had when former President Muhammadu Buhari was in power. He was the dejure President then. His words

were laws. How quickly the table turned against the former emperor! Who would have imagined that a Malami could become a suspect in EFCC’s custody? Another lesson is that integrity casts no shadow and accountability is its own defence. What the EFCC is investigating is alleged breach of integrity. One thing I know about the Commission is that it is never on a wild goose chase. We may fault slowness in resolving corruption cases in court, you cannot fault the professionalism and thoroughness of the EFCC. This is one of the reasons some of us are on the side of the Commission. The more reason international law enforcement agencies like the FBI, NCA, Interpol and others find it worthwhile to collaborate with the EFCC. There is yet another lesson of futility of lies against truth. Malami has chosen to be using his media machinery to churn out lies, making unfounded claims and seeking impracticable ends. The public can sieve the wheat from the chaff. Many of the alleged investments the EFCC is investigating are known to the public. There is no way Malami can break the spine of truths. There is nothing hidden under the sun! My appeal to the EFCC is to fast track its investigations of the former minister. Nigerians have been waiting for his investigation and now that the EFCC is doing it, let the Commission work speedily. Malami must be charged to court as soon as possible and let the court decide whether being a minister in Nigeria is enough to come out as Dangote or Otedola. The public is eager to see the arraignment of the former minister Lastly, I think Malami should change his strategies! Making wild claims in the media has not been helpful for him. He should rather submit himself to the rules of his investigators and stop being an Nnamdi Kanu in EFCC’s detention. If he is innocent as he is claiming, let his facts speak for him and let the court decide whether he is being victimized or not. The EFCC should work more on other former political office holders and take back our money for the use of the nation. •Olayinka, public affairs analyst, wrote from Osun State

NEWS

You’re a Dependable Partner, Sanwo-Olu Says of Wife, Ibijoke, Celebrates Her at 59 Lagos State Governor, Mr Babajide Sanwo-Olu, has celebrated his wife, Dr. Ibijoke Sanwo-Olu, on her 59th birthday, describing her as a courageous, kind-hearted and strong pillar of support. Mrs. Ibijoke Sanwo-Olu, a

medical doctor, the First Lady and Chairman of the Committee of Wives of Lagos State Officials (COWLSO), is 59 today, January 8. Sanwo-Olu, in a statement by his Special Adviser on Media and Publicity, Mr Gboyega Akosile,

described the Lagos State First Lady as a caring partner, committed prayer warrior, loving wife and mother. He said his wife of over two decades has been a dependable and reliable partner in the delivery of

the THEMES+ development agenda of his administration. “Ibijoke is a God-fearing woman, a good companion, and a caring and loving wife and mother. She is a passionate Christian and lover of children. She is my dependable

partner, who has complemented the roles that God has given us with all sense of dignity. “She is a reliable partner who has used her good office as First Lady to support my role as Governor in ensuring that the dividends of

Stroke Patient Seeks Damages Over Alleged Medical Negligence at Lagos Hospital

Sunday Okobi

A Lagos-based private medical facility, R-Jolad Hospital Nigeria Limited, is facing a potential lawsuit following allegations of medical negligence brought by a former patient, Mr. Alfred Ogene, who claims he suffered serious urinary complications while receiving treatment at the hospital. The allegations are contained in

a Memorandum of Claim issued by a law firm, Noyimtairu & Co., acting on Mr. Ogene’s instructions. The letter addressed to the hospital’s management accused the facility and some of its medical personnel of negligence in the course of treating the claimant. According to the lawyers, Ogene was admitted at R-Jolad Hospital in the early hours of November 15, 2025, for the management of partial paralysis

arising from a stroke that affected his right limbs. They stated that prior to his admission, he had no known urinary challenges and was able to urinate without assistance. The letter explained that a urinary catheter was inserted to assist the patient because of mobility difficulties associated with his condition. However, issues were said to have arisen in the early hours

of the following day when Mr. Ogene reportedly noticed that urine was not flowing properly into the catheter bag. His lawyers claimed that the matter was reported to the medical staff on duty, after which the initial catheter was removed and replaced. They further alleged that shortly after the replacement, the patient began experiencing increasing discomfort and pain,

which he repeatedly brought to the attention of the nursing staff. Despite these complaints, the lawyers alleged that the pain persisted and that Mr. Ogene’s abdominal area later became noticeably distended. The counsels claimed that when doctors eventually attended to him, further complications had already set in, necessitating emergency intervention to relieve urinary retention.

democracy are delivered to millions of Lagos residents. “On this occasion of her 59th birthday, I thank God for her life and appreciate her for all the support, time, sacrifice and contributions to the growth and development of Lagos State. “I also use this auspicious occasion to appreciate her remarkable contributions to our family, the medical profession, Lagos State, and humanity in general. I wish Ibijoke good health and more fruitful, prosperous and impactful years ahead. “On behalf of the government and the people of Lagos State, I celebrate my darling and loving wife, trusted and reliable partner, prayer warrior and the First Lady of Lagos, Dr Claudiana Ibijoke Sanwo-Olu, on her 59th birthday,” he stated.

THURSday, JANUARY 8, 2026 • T H I S D AY

business/MOnEYGUIDE

Forum to Support Local Investment, Build Inclusive, Sustainable Economy Hammed ShittuinIlorin

Muslimah Women Entrepreneurs Forum has vowed to support local businesses, to invest in women-led enterprises and to participate in building an economy that is inclusive and sustainable. This, the forum believe, would assist the nation to be out of poverty and accelerate the socio well being of the people of the grassroots. Speaking at a news conference in Ilorin, the founder of Baytu Tejmeel / BaytuBillions and the convener of the Muslimah Entrepreneurs Forum Trade Fair, Hajia Fatimah Saliu stated that, the forum has slated between January and February to organise

trade fair for women and members of the public ahead of the forthcoming Ramadan and Ileya celebrations in the country. According to her, “Across Kwara State, women contribute significantly to household income, food security, manufacturing, services, and creative industries. Yet many of these businesses remain informal, unseen, and unsupported. Therefore, the Muslimah Entrepreneurs Trade Fair was created to change that narrative.” She said, “At this trade fair, about 100 participants and attendees will experience a well-organized marketplace that brings together businesses from diverse sectors—food and beverages, fashion, beauty, agro-processing, services,

creative industries, and more. “It will also serve as a space for networking, brand exposure, partnership building, and community engagement. While the initiative is Muslimah-led and values-driven, I want to clearly state that the trade fair is open to all vendors and the general public.” She added, “Our guiding principles are ethical business practices, quality products, professionalism, and inclusivity. We are also intentional about structure, order, and impact. “Our goal is not a one-off event, but the foundation of a recurring economic platform that supports small and medium enterprises, creates employment, and encourages local production.”

Kaduna BusinessSchoolEngages Peterside On Interactive Dialogue The Kaduna Business Danjuma revealed that of experience in public School has announced that it will host Dr. Dakuku Peterside, Nigeria’s leading authority in public sector turnaround, public policy, and crisis leadership, for a book-signing and interactive dialogue titled, “Unlocking Leadership: Beyond the Horizon.” In a statement from Haggai Danjuma, the event, scheduled for Tuesday, March 24, 2026, at the premises of the Business School in Kaduna, will focus on strategies for effective leadership in uncertainty and complex environments , drawn from his works and experience in the public sector.

the former chairman of the Association of African Maritime Administrations (AAMA), holds a Doctorate in Organisational Behaviour, specialising in Corporate Political Strategy. According to him, “He has facilitated sessions on public policy and public sector reforms at Lagos Business School and serves as an adjunct lecturer at several of the nation’s leading business schools. The former Director-General/Chief Executive Officer of the Nigerian Maritime Administration and Safety Agency (NIMASA), brings over two decades

sector leadership, public policy and governance. “Only recently, Peterside unveiled two new books, Leading in the Storm and Beneath the Surface, that have drawn national and international accolades, with many describing them as leaders’ companions. Harvard and Kellogg Business School professors have endorsed Leading in a Storm as a must-read for any leader seeking to navigate challenges in both corporate and public life. At the event, he will discuss insights from his books and offer guidance on navigating challenges and fostering impact in professional settings.”

Anniversary Promo: Golden Penny Foods Rewards Consumers Golden Penny Foods, the iconic brand of FMN, has wrapped up its 65th Anniversary Buy & Win National Consumer Promotion, positively impacting the lives of over 10,000 consumers nationwide. The three-month initiative delivered prizes valued at more than ₦4 billion, a gesture of gratitude that brought smiles to loyal customers who have supported the brand for over six decades. Over the course of the promotion, tens of

thousands of entries were received, and more than 10,000 lucky consumers walked away with prizes ranging from household essentials to life-changing rewards. Speaking during the final raffle draw of the campaign, the Marketing Director, Golden Penny Foods Ltd, Mr. Ilyas Kazeem, said: “As a company, we are more honoured that we can use the 65th Anniversary Promo to reward our loyal consumers for their over six decades of support and patronage.

“This also starts off yet another journey of nurturing relationships with all our stakeholders to ensure that we are proactively and strategically churning out content that aligns with our consumers’ nutritional needs. “The Promo may have come to an end, but for us at Golden Penny Foods Ltd, we will go back to our drawing board to chart the course of yet another transformative way to continue to Feed and Enrich the lives of our consumers, every day,” he explained.

Firm to Supply Tantita Advanced Drones for Oil Assets Protection Sylvester Idowu in Warri Tantita Security Services Nigeria Limited (TSSNL), a private security company owned by Chief Government Ekpemupolo alias Tompolo has signed a deal with an American Defence Company, Textron Systems for provisions three advanced drones for protection of oil and gas assets in the country. The drones—Aerosonde Mk. 4.7 vertical takeoff and landing (VTOL) uncrewed

aircraft systems (UAS)—can take off and land vertically without needing a runway. The American firm, in a statement shared on its website and dated December 29, 2025, said the systems, which will be provided in a fully ITARfree configuration to facilitate international export, are designed to operate without the need for runways, using hybrid quadrotor technology to enable vertical takeoff and landing. Textron said it has also

included options for additional aircraft and training support to allow Tantita to expand operational capabilities. “The Aerosonde Mk. 4.7 VTOL UAS is a mature, highly reliable, and industry-proven autonomous solution that will provide Tantita Security Services with transformational capability to execute their security operations,” said David Phillips, Senior Vice President of Air, Land and Sea Systems at Textron.

MARKET INDICATORS MONEY AND CREDIT STATISTICS (MILLION NAIRA) October 2025

Month

Money Supply (M3)

119,037,577.07

-- CBN Bills Held by Money Holding Sectors

9,291.49

Money Supply (M2)

119,028,285.58

Quasi Money

79,681,419.97

-- Narrow Money (M1)

39,346,865.60

---- Currency Outside Banks

4,646,794.28

---- Demand Deposits

34,700,071.33

Net Foreign Assets (NFA)

34,804,442.84

Net Domestic Assets(NDA)

84,233,134.23

-- Net Domestic Credit (NDC)

99,199,655.08

---- Credit to Government (Net)

24,787,980.96

---- Memo: Credit to Govt. (Net) less FMA

0.00

---- Memo: Fed. and Mirror Accounts (FMA)

0.00

---- Credit to Private Sector (CPS)

74,411,674.12

--Other Assets Net

2,603,854.03

Reserve Money (Base Money)

36,641,142.21

--Currency in Circulation

5,057,881.01

--Banks Reserves

31,583,261.21

--Special Intervention Reserves

284,361.95 • Source - CBN

Money Market Indicators (in Percentage) Month

October 2025

Inter-Bank Call Rate

October 2025

Minimum Rediscount Rate (MRR) Monetary Policy Rate (MPR)

27.00

Treasury Bill Rate

15.07

Savings Deposit Rate

7.43

1 Month Deposit Rate

11.37

3 Months Deposit Rate

11.32

6 Months Deposit Rate

11.12

12 Months Deposit Rate

11.78

Prime Lending rate

18.89

Maximum Lending Rate

29.56

NSE MARKET INDEX CAP

0.75%(52%YoY)

Index

0.9% (29%Y/D) • Monetary Policy Rate - 27%

OPEC DAILY BASKET PRICE As At 24TH NOVEMBER , 2025

The price of OPEC basket of twelve crudes stood at $63.14 a barrel on Monday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

THURSday, JANUARY 8, 2026 • T H I S D AY

mARKET NEWS

Stock Market Adds N409.66bn on Buying Interest in Seplat, Others

Kayode Tokede

Bullish sentiments persisted in the stock market section of the Nigerian Exchange Limited (NGX) yesterday, gaining N409.66 billion on investors’ demand for Seplat Energy Plc and 34 others. As Seplat Energy added 10 per cent or N561.00 per share to close at N6,171.00 per share, the market capitalisation

that opened for trading at N102.3 trillion, gained N409.66 billion or 0.4 per cent to close at N102.685 trillion. In three days, THISDAY learnt that market capitalisation has advanced by N2.75triillion from N99.938 trillion to close yesterday at N102.685 trillion. Also, the NGX All-Share Index closed trading at 160,591.76 basis points, about 640.68 basis points or 0.4 per cent increase from 159,951.08

P R I C E S MaiN Board

F O R DEALS

basis points the market opened for trading activities. Sectoral performance was broadly positive, as the NGX Oil & Gas Index (+3.9per cent), NGX Insurance Index (+1.1per cent), NGX Industrial Goods Index (+0.5per cent), and NGX Consumer Goods Index (+0.5per cent) indices advanced, while the Banking (-0.1per cent) index declined. The market sentiment was bearish with 35 advancing stocks

S E C U R I T I E S Market Price

quantity traded

outweighed by 38 declining counters. Okomu Oil, Union Dicon Salt and Seplat Energy recorded the highest price gain of 10 per cent each to close at N1,204.50, N8.80 and N6,171.00 respectively, per share. NCR Nigeria followed with a gain of 9.97 per cent to close at N79.95, while McNichols rose by 9.93 per cent to close at N4.76, per share. On the other hand, Cadbury Nigeria led the losers’ chart

T R A D E D

value traded ( N )

MaiN Board

A S

O F

by 10 per cent to close at N63.00, per share. Austin Laz & Company followed with a decline of 9.93 per cent to close at N5.08, while Aluminium Extrusion Industries declined by 9.91 per cent to close at N19.55, per share. Haldane McCall depreciated by 9.85 per cent to close at N4.21, while FTN Cocoa Processors declined by 9.62 per cent to close at N6.01, per share. Meanwhile, the total volume

J A N UA RY DEALS

traded rose by 90.84 per cent to 1.441 billion units, valued at N20.695 billion, and exchanged in 49,286 deals. Transactions in the shares of Universal Insurance topped the activity chart with 804.114 million shares valued at N410.401 million. Linkage Assurance followed with 54.880 million shares worth N98.845 million, while Access Holdings traded 29.739 million shares valued at N691.536 million.

/ 0 7 / 2 6 Market Price

quantity traded

value traded ( N)

GAminGWeek

T H I S D AY • Thursday, January 8, 2026

Edited by nseobonG okon-ekonG | gamingweek1117@gmail.com | Tel: 08114495324

ThE YEar ThE rulEs ChaNgEd:

UTH

& R E ASO

Nigeria’s gaming Industry in 2025 Few years have reshaped Nigeria’s gaming industry as decisively as 2025, a year marked by constitutional affirmation, regulatory progress, heightened responsible gaming advocacy, and stronger stakeholder alignment, writes Nseobong Okon-Ekong

At the premiere of behind the bet documentary on problem gambling

At the Lagos state Lottery and Gaming Authority stakeholders awards night

Participants at sixth edition Afrocomicade’s Gamathon

rguably, the most consequential development was President Bola Ahmed Tinubu’s refusal to assent to the Central Gaming Bill passed by the National Assembly. The decision brought a definitive close to a protracted debate and litigation that had spanned nearly two decades. In a clear and public statement, President Tinubu announced that he would not sign the bill into law, citing his commitment as a constitutional democrat. The Central Gaming Bill sought to centralise regulatory authority over gaming and lottery activities under federal oversight. However, in November 2024, the Supreme Court of Nigeria ruled that matters relating to lotteries and gaming fall within the legislative competence of the states. Aligning himself with both the Constitution and the apex court’s judgment, President Tinubu chose to respect the rule of law—an action widely seen as reinforcing Nigeria’s federal structure.

Beyond constitutional milestones, 2025 also witnessed renewed efforts to recognise and celebrate industry stakeholders. The Oyo State Gaming and Lottery Board unveiled a refreshed appreciation format, bringing together regulators, operators, innovators, and partners in Ibadan for an evening that transcended mere ceremony. A week earlier, the Lagos State Lottery and Gaming Authority (LSLGA) had hosted its own celebration of industry leaders and enablers—an event designed to spotlight excellence, responsibility, and innovation across Nigeria’s dynamic gaming landscape. Delivering a compelling address at the Lagos event, Mr. Bashir Are, Chief Executive Officer of the LSLGA, underscored the importance of collaboration. “Tonight is about partnership and progress,” he said, emphasising the need to protect players, support legitimate businesses, and keep Lagos at the forefront of responsible gaming in Africa. The Nigerian betting industry also marked a cultural milestone with the

release of its first documentary film, Behind the Bet. The film presents gripping, real-life stories of Nigerians grappling with gambling addiction, shining a light on one of the country’s least discussed social challenges—a quiet but growing epidemic. Produced by Angela Belederemo and Seun Abimbola and directed by Jimi Ojikutu, from a script co-written with Asemota Ize-Iyamu, the documentary stands as a powerful human-interest narrative with strong social impact. On many fronts, 2025 proved to be a watershed year for Nigeria’s gaming industry—one defined by constitutional clarity, regulatory maturation, responsible gaming advocacy, and growing stakeholder collaboration. On the international stage, perhaps Nigeria’s most significant achievement in 2025 was its exit from the Financial Action Task Force (FATF) grey list. This milestone reflected the success

of reforms implemented by government agencies and gaming operators to combat money laundering, terrorism financing, and other illicit financial activities. More importantly, it signalled that Nigeria’s compliance efforts went beyond box-ticking and earned global recognition. The story continues online on www.thisdaylive.com

ADVISORY: +18 PERSONS UNDER 18 MUST NOT PARTICIPATE IN BETTING, GAMING OR LOTTERY ACTIVITY

THISDAY • THURSDAY, JANUARY 8, 2026

NEWS

BAYELSA WINS $400,000 UNICEF PRIMARY HEALTH CARE LEADERSHIP CHALLENGE...

Bayelsa State Governor, Senator Douye Diri (left), and the Commissioner for Health, Prof. Seiyefa Brisibe, during the presentation of the $400,000 UNICEF Primary Health Care Leadership Challenge prize won by Bayelsa at the Executive Council Chambers, Government House, Yenagoa, ... yesterday PHOTO: OFFICE OF THE GOVERNOR, BAYELSA STATE

Court Orders Interim Forfeiture of 57 Properties Linked to Malami, Sons Warns lawyers, parties against attempt to influence trial in alleged N9bn money laundering charge As Malami, son, wife get N1.5bn bail Alex Enumah in Abuja Justice Emeka Nwite of Federal High Court, Abuja, has ordered the interim forfeiture of 57 properties linked to the immediate past Attorney-General of the Federation (AGF), Abubakar Malami, SAN, and two of his sons, Abdulaziz Malami and Abiru-Rahman Malami. The properties suspected to be proceeds of unlawful activities of the defendants were valued at over N213.2 billion. The affected properties located in Abuja, Kebbi, Kano, and Kaduna states, according to the interim order, were to be forfeited to the federal government. Nwite made the order while ruling in an ex-parte application moved by lawyer to the Economic and Financial Crimes Commission (EFCC), Ekele Iheanacho, SAN. The judge stated, “It is hereby ordered that an interim order of this honourable court is hereby made forfeiting to the Federal Government of Nigeria the properties described in Schedule 1 below which are reasonably suspected to be proceeds of unlawful activities.” Besides, the court directed the

publication of the interim order of forfeiture in any national daily “inviting any person(s) or body (ies) who may have interest in the properties listed in the schedule to show cause, within 14 days of the publication, why a final order of forfeiture to the Federal Government of Nigeria of the said assets and properties, should not be made.” Although, the interim order of forfeiture was made on Tuesday January 6, 2026, a Certified True Copy of the order seen on Wednesday. The judge said the matter had been adjourned till January 27, 2026, for a report of compliance. According to court documents, the properties to be temporarily forfeited to the federal government includes: Rayhaan University Buildings, Agro allied factory buildings, machines, hotels, pharmacy, supermarket, primary and secondary schools, oil and gas filling stations, shops and other buildings. Others are luxury Duplex at Amazon Street, Plot No. 3011 Within Cadastral Zone, A06 Maitama; File No: AN enhancement 11352, which was purchased

in December 2022 at N500, 000, 000.00 (value after enhancement at N5,950,000,000). Equally to be forfeited are Two-Winged Large Storey Building Situate at No. 3, Onitsha Crescent, Area 11, Garki, Cadastral Zone, A03, Abuja (formerly Harmonia Hotels Limited), FCT, which was purchased Dec. 2018 at N7,000,000,000. The document also listed for forfeiture, “Plot 683, Jabi District, Cadastral Zone B04, comprising of a five-storey Building (Now Luxurious Meethaq Hotels Ltd, Jabi with 53 rooms/suites), which was purchased in Sept. 2020 at carcass level at N850,000,000 with additional N300,000,000 to take possession (value after completion N8,400,000,000). “Property No. 3130 within Cadastral Zone A04, Asokoro District, FCT, Abuja, Comprising Terraces, purchased in January 2021 at N360,000,000. “Property No. 3 Rhine Street, Maitama, Abuja (Meethaq Hotels Limited, Maitama With 15 ROOMS), which was purchased in February 2018 at N430,000,000 (current value after rehabilitation is N12,950,000,000).

“Plot No. 1241B, Asokoro District Zone (No. 11A Yakubu Gowon Crescent) Asokoro District, which was purchased in July 2021 at N325,000,000. “Shop No. C82 Citiscape - Shariff Plaza, Plot 739 Cadastral Zone A07, Aminu Kano Crescent, Wuse Il, FCT, Abuja, which was purchased in March 2024 at N120,000,000. “No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano, which was purchased in December 2022 at N300,000,000. “Plot 157, Lamido Crescent, Nasarawa, GRA, Kano, purchased in July 2019 with no specific amount stated. “A Plaza, Commercial Toilets, Laundering, Warehouse Tanks. “100 Hectares of Land Along Birnin Kebbi, Jega Road, which was purchased in 2020 at N100,000,000. “Four Bedroom Bungalow Gesse Phase, Birnin Kebbi, which was purchased in 2023 at N101,000, 000. “Shops Nos. A36, B3 Vegas Mall, Wuse 2, Abuja, which was purchased in July 2023 at N158,000,000. “No. 26, Babbi Drive, Bua Estate, Abuja, purchased in 2022 at N136,000,000. “No. 27, Efab Estates Avenue, 59™ Crescent, Gwarimpa, Abuja, purchased in January 2016 at N120,000,000.

“Four-Bedroom/2-Room Boys Quarters At No. 10B, Doka Crescent Abakpa GRA, Kaduna, purchased in Jan. 2018 at N40, 000, 000.00. “Plot No. 13, Ipent 7 Estate, Karsana District, Abuja, purchased in June 2018 at N85,000,000. “A Bedroom Duplex & Boys Quarters At No. 12 Yalinga Street, Off Adetokunbo Ademola Crescent, Wuse Il, Abuja, purchased in Oct. 2018 at N150,000,000. “Two Warehouse Shops B40 And B46, Wuse Market, Abuja, purchased in July 2020 at N50,000,000.” Others were, “Twin Houses At Zone E, Apo Legislative Quarters, Cadastral Zone B01, Plot 14014, Gudu District, Abuja, was purchased between February and May 2017 at N250,000,000. “Properties acquired by Khadimiyya for Justice & Development Initiative at the Academic Garden City, Birnin Kebbi, sold by the Federal Housing Authority Mortgage namely. “Others are nine units of threebedroom, bungalow, three units of two-bedroom, bungalow, and 5.4 hectares of land, which were purchased between February 2023 and September 2023 at N187,000,000, among other assets listed in the schedule.”

Nwite on Wednesday warned against attempt to influence the outcome of Malami’s trial on alleged N9 billion money laundering, adding that the law would be followed to the letter. He sounded out the warning shortly after he admitted the former minister, his son, Abdulaziz Malami, and his wife, Hajia Asabe Bashir, to bail in the sum of N500 million naira each. “When I am dealing with this case, please, don’t approach me. The law cannot be bent,” Nwite warned. EFCC had last week arraigned the trio on a 16-count criminal charge bordering on money laundering. The court, also last week, fixed January 7 for ruling in the bail applications, after taken arguments for and against the applications. EFCC had while opposing the applications claimed, among others, that the defendants, especially the former AGF, would interfere with witnesses and obstruct the cause of justice. Delivering ruling in the bail applications, Nwite held that he was mindful to grant bail to the defendants in the interest of justice, notwithstanding the seriousness of the allegations against them.

Soludo Mourns Loss of Three Anambra Brothers Involved in GNI House Fire Incident 448 OgunTeach Interns David-Chyddy Eleke in Awka

Governor of Anambra State, Professor Chukwuma Charles Soludo, has expressed condolences and sorrow over the devastating fire incident that occurred at the Great Nigeria Insurance House on Martins Street, Lagos Island, on December 24, 2025. Three brothers of Anambra descent who were involved in the fire lost their lives during the incident. The brothers who were described as businessmen plying their trade in the affected facility include Mr. Steve

Onyeka Omatu (40), Mr. Casmir Nnabuike Omatu (39), and Mr. Collins Kenechukwu Omatu (37), all of the Omatu family of Uzoakwa Community in Ihiala Local Government Area. A statement made available to journalists in Awka by the governor’s Press Secretary, Mr. Christian Aburime, quoted Soludo as commiserating with all families who lost loved ones in the inferno. The statement read: “The governor regrets that this catastrophic event, which transformed what should have been a joyous Christmas Eve into a night of unspeakable

tragedy, has left numerous hearts heavy with grief. “The governor is particularly devastated by the loss of three sons of Anambra State. These industrious young men, who were simply striving to earn an honest living for their families, have been taken from us in the most tragic circumstances. Their loss represents not just a family tragedy but a collective loss to Anambra State. “Governor Soludo wishes all affected families the strength to bear and recover from their irreplaceable losses, while praying that the souls of all the departed rest in perfect peace.

Receive Engagement Letters

James Sowole in Abeokuta

In a renewed drive to address shortage of teachers in public primary schools, especially in rural communities, the Ogun State Government has engaged 448 OgunTeach interns and issued them engagement and posting letters. The letters were formally presented to the successful applicants at the Ogun State Universal Basic Education Board (SUBEB) Secretariat in Oke-Mosan, Abeokuta. Speaking at the presentation

ceremony, the Chairman of SUBEB, Evangelist Olalekan Ifede, explained the recruitment was deliberately targeted at strengthening manpower in rural schools, urging the interns to accept their postings with commitment and a sense of responsibility. He warned against requests for redeployment, stressing that such would not be entertained. He said, “The moment anyone calls me to seek a change of posting, we will remove the person’s name immediately. There are many others seeking this opportunity, and you should appreciate Gov-

ernor Dapo Abiodun for making this engagement possible.” The SUBEB chairman directed the interns to resume duty immediately, noting that failure to do so would lead to automatic replacement. He also emphasized the importance of prompt submission of assumption-of-duty documents to ensure timely processing of salaries. “We do not want your payment to be delayed. Salary processing will only commence for those who submit their assumption-of-duty documents early,” he said.

THURSDAY, JANUARY 8, 2026 • THISDAY

NEWS

MEMBERSHIP E-REGISTRATION OF APC IN LAGOS...

Governor of Lagos State, Mr. Babajide Sanwo-Olu (second right); Agent Ward E3, Lawrence Oriolowo (right); Ward Chairman, Saheed Olorogun Etti (second left) and Senatorial Admin, E-REG APC, Patrick Oyadiwa (left) during the governor’s membership e-registration of APC at St. Stephen Primary School, Thomas in Lagos Island, on Tuesday

Kingibe: Wike Can’t Decide My Fate in 2027 Polls, Abuja Waste Crisis is Worsening Alleges senate c’ttee on FCT in Comatose

Sunday Aborisade in Abuja

Senator Ireti Kingibe, representing the Federal Capital Territory (FCT) in the Senate, has dismissed suggestions that the Minister of the FCT, Nyesom Wike, held the power to determine her political future. She declared that no minister could impose electoral outcomes on Abuja voters. She also raised the alarm over the worsening refuse situation in the FCT, weak oversight by the Senate Committee on the FCT, and poor implementation of President Bola Tinubu’s reforms, which she said have failed to ease Nigerians’ suffering. Speaking during an interview on Channels Television’s Politics Today, Kingibe responded to comments attributed to Wike suggesting that her return to the Senate in 2027 was uncertain, saying such claims betrayed a misunderstanding of FCT politics. “Minister Wike cannot make me win, neither can he make me lose. FCT is not structured

that way. From former president Olusegun Obasanjo till now, hardly anybody controls how the people of the FCT vote. He has absolutely no say in whether I return to the Senate or not.” Kingibe stressed that her recent move from the Labour Party to the African Democratic Congress (ADC) was not driven by fear or political pressure from the minister. She said it was as a result of

the deep factional crisis within the Labour Party, which she said made it constitutionally and practically impossible to run elections on that platform. On her relationship with Wike, the senator said she had been unfairly portrayed as being at loggerheads with the minister, insisting that her criticisms were rooted in oversight responsibilities, not personal animosity. While acknowledging that

A renowned Niger Delta environmental and human rights activist, Chief Mulade Sheriff has called on President Bola Ahmed Tinubu to halt the current practice of paying the 13 per cent oil derivation directly to oil-producing state governments but instead channel the funds into federally coordinated mega development projects across the Niger Delta. Mulade who is the IbeSerimoowei of oil rich ancient Gbaramtu Kingdom in Delta State, made the call in a statement yesterday, argued the existing

synergy between the FCT minister and elected representatives, noting that unlike previous administrations, there had been no regular consultative meetings to discuss the needs of residents. Kingibe warned that waste management in the FCT had reached “very critical proportions,” with refuse piling up across the city. She also expressed concern over environmental risks aris-

ing from construction on flood channels and green areas, as well as the dire state of public hospitals, which she said lacked basic drugs beyond painkillers. Beyond the FCT, the senator painted a grim picture of the national situation, arguing that although some of President Tinubu’s policies, such as subsidy removal, were well-intentioned, their implementation had been deeply flawed.

FG Hails Dangote Cement’s Impacts in Benue Communities

George Okoh in Makurdi and Sunday Ehigiator in Lagos

The federal government has commended Dangote Cement Plc for making measurable and sustainable impacts in its host communities in Gboko Local Government Area of Benue State through the execution of key community development projects. The Minister of Solid Minerals

Development, Dr. Dele Alake, gave the commendation at the inauguration of Dangote Cement’s multi-million-naira water projects, scholarship awards and youth skill acquisition programme in the area. Represented at the event by an Assistant Director of Mines and Environmental Compliance in Benue State, Mrs. Adijatu Usman, the minister said Dangote Cement had demonstrated compliance

Mulade to Tinubu: Channel 13% Derivation Funds on Mega Projects in Niger Delta Sylvester Idowu in Warri

Wike had executed commendable road projects, she said governance of the FCT could not be reduced to road construction alone. Senator Kingibe said, “Anytime anybody does something commendable, I will commend them. But it is also my job to point out lapses. The minister does some good things, but he does not follow the rule of law many times.” She lamented the lack of

system has failed to deliver meaningful development to oilbearing communities, largely due to corruption, mismanagement, and diversion of funds by some state governments. According to him, despite trillions of naira disbursed as derivation funds over the years, many Niger Delta communities remained plagued by poverty, environmental degradation, unemployment, and lack of basic infrastructure. “The 13 percent derivation fund was designed to bring development and relief to oilproducing communities, but sadly, that objective has been

largely defeated. What we see today is massive diversion, mismanagement and misappropriation of oil derivation funds, with little or no impact on the lives of the ordinary people in the creeks and host communities”, Mulade said. He urged President Tinubu to adopt a bold policy shift by redirecting the derivation funds into well-structured, transparent and independently monitored mega projects, particularly in critical areas such as coastal protection, environmental remediation, roads, bridges, healthcare, education, and youth employment.

with its obligations under the Community Development Agreement (CDA). According to him, the CDA is a federal government policy framework that requires mining companies to reinvest part of their profits into host communities to promote sustainable development. “I can tell you that Dangote Cement has delivered several projects for its host communities,” the minister said. “The project was a fallout of a federal government policy for companies such as Dangote to give back to their host com-

munities. “It is a federal government policy for mining companies to reinvest part of their profits into host mining communities so as to impact the communities, and as a result of that policy we have had a series of engagements with them. “There are six of these communities here. We sat with them several times and these projects are certified community-based projects because the communities agreed that they needed these projects. We are here today because the projects have been completed.”

He urged the benefiting communities to take ownership of the projects and ensure their protection and sustainability to guarantee long-term economic development. “What we expect is for the communities to see these projects as their personal projects; own them and protect them, so that they will be sustainable. That way there will be economic development within the communities,” he said. “We share in their joy as we present these projects to them, and we believe that mining will be sustainable.”

Baba-Ahmed Declares Presidential Bid

Chuks Okocha in Abuja

Labour Party’s vice presidential candidate in the 2023 general election, Senator Datti Baba-Ahmed, formally announced his bid for the 2027 presidential elec-tion yesterday. Baba-Ahmed also reiterated his commitment to Labour Party (LP), signalling continuity amid the current wave of political realignments and speculations. Baba-Ahmed, who was Peter Obi’s running mate in the 2023 presidential election, announced

his bid at a rally at the party’s Abuja headquarters. The announcement came shortly after Peter Obi’s defection from LP to ADC, just a week ago. Speaking during a press briefing at the Labour Party’s national secretariat in Abuja, Baba-Ahmed said he would not follow Obi to ADC. He stated, “I have made myself to contest for the office in 2027. I’m not following anybody’s trajectory or stepping into anybody’s shoes. “Can I please remind you that

before His Excellency Governor Peter Obi filed for the presidency, I aspired for the presidency before him? The records are there for you to see. “In October 2018, I participated in the primaries of the then PDP in Port Harcourt and walked to Obi for his vote, and he smiled at me. What a gentleman he was. “If you heard me well in what I just submitted, I saw a rare opportunity for national unity to have elected Peter Obi in 2023. And that is why I decided to flow with it.

THISDAY • THURSDAY, JANUARY 8, 2026

NEWS

BABAFEMI OJUDU’S SON’S WEDDING...

First civilian Governor of Ekiti State, Mr. Niyi Adebayo (L); wife of Ekiti State Governor, Dr. Olayemi Oyebanji; and Ekiti State Governor, Mr. Biodun Oyebanji, at the wedding reception of Senator Babafemi Ojudu’s son, Bidemi Ojudu, and his wife, Oluwademilade, in Lagos …recently

Obasanjo: How I Saved Labour Union from CIA, KGB Influence

NLC, Oshiomhole, point way forward on tax law ASUU deplores action of selfish politicians

Onyebuchi Ezigbo in Abuja Former president of Nigeria, Chief Olusegun Obasanjo, has said he took deliberate steps as military Head of State to prevent the leadership of the Nigeria Labour unions from succumbing to the influence of external forces, especially the CIA and KGB. While justifying the labour reforms undertaken during his regime, Obasanjo said that trade union bodies were not properly funded at that time which made them susceptible to external influence and ideological cohesion. The former president who spoke in Abuja on Wednesday at the launching of the biography of the prominent labour and pioneer president of the NLC, Comrade Hassan Sunmonu,

said his intention was to have a Nigerian labour union organized by Nigeria, controlled by Nigeria, financed by Nigeria. Obasanjo’s explanation came just as the president of Nigeria Labour Congress, Joe Ajaero and former governor of Edo, Senator Adams Oshiomhole suggested ways to stem the conflict being generated by federal government’s new tax legislation. Similarly, the president of the Academic Staff Union of Universities (ASUU), Prof. Chris, deplored the selfish actions of some of the politicians whom he said are defecting to ruling party to cling to office. Obasanjo said that the military government set out to reform the labour movement in order to restore stability and its inde-

pendence from the influence of the external bodies. “I came on to say that I needed a Nigerian labour union organised by Nigerians, controlled by Nigerians and financed by Nigerians. So, we decided that there is going to be a labour reform and I told the man I put in charge, Justice Adeniyi “Though these the labour organizations are Nigerian organizations, but they were not financed or funded by Nigeria. I don’t know if you know that, but that was the reality. One was being financed by KGB. That is the truth. And the other one was being financed by CIA. That was the truth. “I needed for Nigeria a Nigerian labour union organized by Nigeria, controlled by Nigeria, financed

by Nigeria. So, I decided there was going to be a labour union reform. Obasanjo said that Hassan Sunmonu was one of those who was in the forefront of opposition to the labour reforms then but later became a major beneficiary having been elected as pioneer president of the NLC. The former president also revealed how his government secretly struck a collaborative deal that ensured relative industrial peace and harmony in the country. He said: “When Justice Adebiyi finished his job, and we reformed the labour and party law establishing NLC, what happened? Without government’s hand, they elected their leader. And Hassan became the first leader they elected. I don’t know how I felt at that time, but

Idanre Residents Hold Maiden Ode Mare Festival, Project Culture, Tourism Fidelis David in Akure

Residents of Idanre community in Ondo State have expressed optimism that the annual Ode Mare Festival will serve as a strong platform for fostering unity, promoting peace, and preserving the rich cultural heritage of the people. The culturally inclined festival, held in Idanre Local Government Area, is a newly introduced initiative aimed at celebrating the uniqueness of the Idanre people and their ancestral history prior to their descent from Oke Idanre. The event featured colourful cultural displays representing the various quarters of the Idanre Kingdom, including Isalu, Idale, Irowo, Alade, and Atoshin, highlighting the community’s shared identity and historical roots. Speaking at the festival on Wednesday, the Aare Onakakanfo of Otoja in Idanre, Chief Lawrence Akinboni, described the Ode Mare Festival as an avenue for promoting

traditional values, indigenous music and dance, while also attracting tourists and stimulating local economic activities. According to him, the celebration goes beyond entertainment, as it symbolises shared history, identity, and togetherness among Idanre people at home and in the diaspora. “The Ode Mare is a festival created to provide a platform for the Idanre Kingdom. It is our way of appreciating God for the economic growth of the community. We believe strongly in our culture and heritage. “Anything you do, just give thanks. This festival gives us the opportunity to celebrate our cultural heritage and promote our values, letting people know that Idanre has good sons and daughters,” he said. Akinboni added the festival would grow bigger in subsequent years, noting that future editions would be more elaborate and impactful. Also speaking, a community

leader, Engr. Olaleye Osunmakinwa, said the festival would help reconnect Idanre indigenes across the globe while strengthening communal bonds. “The Ode Mare Festival is very important to us. Firstly, we are trying to connect our people all over the world. Everything we are doing here is being watched globally. We are calling our people back home. We need unity in our midst and initiatives that will bring progress, not backwardness,” he said. Osunmakinwa further noted that beyond cultural promotion, the festival holds significant economic value for the town. “We do not want to rely solely on cocoa. We want our culture to generate income. There are many things around us in Idanre worth celebrating, and this festival will boost our economy,” he added. Earlier, the Chairman of the Local Organising Committee, Akinwole Solomon, said the Ode Mare Festival was conceived to place

Idanre on the global tourism map while showcasing and preserving its cultural heritage.

I felt comfortable. “One, because I have had a short spell in the Ministry of Works, where Hassan was working. So, I had known him in the Ministry of Works. But now that he has become the leader of the trade union, I needed him. “He needed me. It now depends how do we work together. So, if Hassan is seen as being too close to me, he will be seen as a sell-out. “And he will not enjoy the confidence of the union and the member. So, I said to Hassan, you know, I need you, you need me. We have to succeed together”. Ajaero and Senator Oshiomhole reignited the debate on the new tax law enacted by the federal government. While faulting the enactment of the new tax legislation, Ajaero said that it was regrettable that law was passed without the requisite consultation and input of labour unions whose members constitute a major contributor to taxable income in the country. He criticized the exclusion of organised labour in the development of the tax law saying there is need for government to always

engage in deeper consultations before coming up with major policies. Ajaero said: That was why we were excluded from the Committee and that was why our warnings went unheeded. We do not see anything wrong in pausing along this negative path, rethink, and, redirect. “Tax Law that imposes heavy burden on workers and the poor is not progressive. Tax that taxes the national minimum wage is not fair”. Ajaero hailed the pioneering contributions of Sunmonu to the evolution of the modern-day trade Union organisations describing him as a living legend of our time. Guest Speaker at the event and former Executive Secretary of ECOWAS, Mohammed Ibn Chambers said that Sunmonu is a great mobiliser who gained the trust and confidence of Nigerian workers through sincere engagement and selfless struggle for their welfare. He said that Sunmonu did not stop at protests and opposition, but that he also championed alternative social development.

Lagos Partners Time for Africa Foundation to Foster Sustainable Devt

Mary Nnah

The Lagos State Government has expressed its willingness to collaborate with Time for Africa Foundation to impact the lives of its residents. Commissioner for Environment and Water Resources, Mr. Tokunbo Wahab, stated this during a strategic meeting with members of the foundation at Alausa recently. According a press release signed by Mr. Kunle Adeshina, the Director, Public Affairs of the Lagos State Ministry of the Environment and Water Resources (MOE&WR), the government is

open to partnerships that are datadriven and people-oriented, as these assist in decision-making and futuristic predictions Lagos, despite being the smallest state in Nigeria in terms of landmass, faces significant climate change challenges due to its unique geography. The state which occupies 3,575 square kilometers of land with one-third being water is exposed to the risk of climate change in various ways. “Sometimes when it rains, it rains excessively, and sometimes the heat could be excessive as well. The government acknowledges the reality of

climate change and is taking proactive approaches to tackle its challenges,” Wahab noted. Time for Africa Foundation is a multiple initiative foundation that focuses on community development, education, health, and climate action. The foundation engages with global experts and stakeholders to drive sustainable growth, financial inclusion, and community development. Dr. Abiodun Olushola, Founder of Time for Africa Foundation, expressed the foundation’s readiness to work with the Lagos State Government through its identified ministries and agencies.

THURSDAY, JANUARY 8, 2026 • THISDAY

NEWS

SYMPOSIUM ON WOMEN EMPOWERMENT...

L-R: Founder, Women Support Women Community Network (WOSCONET), Mrs. Amaka Nweke; Chairman, All Progressives Congress Enugu Caretaker Committee (APCECC), Dr. Ben Nwoye; Secretary to Enugu State Government, Prof. Chidiebere Onyia; and Member, APCECC, Ms. Oby Ajih, during a symposium on women empowerment organised by WOSCONET in Enugu, yesterday

US Seizes Russian-flagged Tanker, a Second Venezuela-linked Ship Trump: Venezuela to send oil worth up to $2.8 billion to US Says he will determine how money realised will be spent

Emmanuel Addeh in Abuja

The United States on Wednesday seized two oil tankers linked to Venezuela, including a Russianflagged oil tanker that was being shadowed by a Russian submarine. The seizure of the Russian-flagged tanker followed more than two weeks of its chase across the Atlantic as part of Washington’s efforts to block Venezuelan oil exports, US officials said. It appeared to be the first time in recent memory that the US military has seized a Russian-flagged vessel, Reuters reported. The Marinera, originally known as the Bella-1, had previously slipped through a US maritime blockade of sanctioned tankers in the Caribbean and rebuffed US Coast Guard efforts to board it. Wednesday’s seizure effort, in the Atlantic near Iceland,

was first reported by Reuters. In a post on X, the US military’s European Command said the Trump administration had seized the vessel for violating US sanctions. “The blockade of sanctioned and illicit Venezuelan oil remains in full effect — anywhere in the world,” U.S. Defense Secretary Pete Hegseth said in reply to that post. Two US officials, who were speaking on condition of anonymity, told Reuters that Wednesday’s operation was carried out by the Coast Guard and US military. US special forces initially helped secure the tanker but left the vessel, which was now under Coast Guard control, one of the officials said. The officials said Russian military vessels were in the general vicinity of the operation, including a Russian submarine. It was unclear how close the vessels were to the operation,

but there were no indications of a confrontation between US and Russian military forces. Russia’s transport ministry said it had lost all contact with the Marinera after U.S. naval forces boarded it. A senior Russian lawmaker from the ruling United Russia party, Andrei Klishas, said the US seizure was an act of outright piracy, the TASS state news agency reported. Last year, French Navy commandos detained a tanker suspected of operating for Russia’s “shadow fleet” off the coast of western France. The seizure took place just days after US special forces swooped into Caracas before dawn on Saturday in a deadly raid to seize President Nicolas Maduro and take him to the United States. The US military turned him over to federal authorities for prosecution on charges involving alleged drug trafficking.

It was unclear where exactly the ship would now go, but sources said it would likely be entering British territorial waters, the Reuters report said. Relatedly, Trump said Venezuela would relinquish as much as 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price, announcing the cargoes would be sold with proceeds benefiting both countries. The announcement, which came with few details, marked a significant step up for the US government as it seeks to extend its economic influence in Venezuela and beyond after the capture of leader Nicolas Maduro over the weekend. It’s also a blow to China, previously the top buyer of the country’s oil and a close partner. “I am pleased to announce that the Interim Authorities in Venezuela

ADC Inaugurates Membership Mobilisation Committee, Names Kashim Imam Chairman Chuks Okocha in Abuja

African Democratic Congress (ADC) has begun the mobilisation of members, with the appointment of Kashim Imam to drive the process. Imam was appointed chair of the mobilisation committee, tagged Membership Revalidation, Mobilisation and Registration (MRMR) Committee, with Aisha Yesufu as deputy chairman, and Sekonte Davis as secretary. The team, which also included members of the Obidient Movement, was given 30 days to submit an interim report. National Chairman of ADC, David Mark, while inaugurating the committee, described the event as “marking a significant milestone” in the ongoing effort to reposition the party for growth, strength and internal cohesion. Mark said for the party’s ideals to translate into political success, “Our party must rest on a solid, credible and verifiable membership base, supported by

effective mobilisation structures across the federation. “It is in recognition of this urgent necessity that, following the resolution of our National Working Committee (NWC), I approved the constitution of this committee.” He stated that no political party could aspire to national relevance without a strong, active and properly documented membership. Mark stated, “Membership is the lifeblood of any democratic organisation. It determines legitimacy, strength, reach and, ultimately, electoral victory. “As we look ahead to future political engagements, it has become imperative to revalidate our existing members, register new ones, strengthen our grassroots presence and harmonise our membership records nationwide. This committee has therefore been entrusted with a critical national assignment.” The committee is expected to oversee the registration of new

members nationwide to ensure inclusiveness, transparency and adherence to party guidelines and democratic principles. Imam promised to return ADC to the average Nigerian. He stated, “Our party, the ADC, is a grassroots movement. For too long, the average Nigerian has been cheated and marginalised. Taxation has become the new burden. “We will endeavour to invite the peasants, the ordinary Nigerians—the masses, the poor and the downtrodden—to take charge, take responsibility and assume ownership of the ADC. “This is what will make the ADC different: it will belong to the average Nigerian. Our party will strive to ensure that the average Nigerian gets a fair share. “This country is blessed. Our country is endowed with both human and natural resources. We have no business being poor, and when the ADC comes to power, no Nigerian will be poor. “Mr Chairman, this is the

first of the committees you are inaugurating, which shows how serious this assignment is. I want to assure you, on behalf of all committee members, that we will not sleep, we will not rest, and we will work round the clock.

will be turning over between 30 and 50 million barrels of high quality, sanctioned oil to the United States of America,” Trump wrote in a social media post. “This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!” he added. The volumes cited by Trump would represent about 30 to 50 days of Venezuelan oil production before the US’s partial blockade of the country — much reduced from historic levels. West Texas Intermediate (WTI), the US oil benchmark, fell as much as 2.4 per cent after Trump’s comments and is currently trading at close to $56 a barrel, a Bloomberg News report stated. Representatives of the US Energy Department and the White House did not respond to Bloomberg’s requests for more detail. Venezuela’s information and oil ministries also did not respond to requests for comment. Venezuela has the world’s largest proven crude reserves, but its production has dropped sharply due to decades of neglect and the exodus of many foreign oil companies. The country now accounts for less than one per cent of global supply. Analysts have said

that it will take years and billions of dollars of investment to significantly revive output. “The Chinese government is almost certainly preparing for a scenario in which all its Venezuelan oil shipments are halted,” said Christopher Beddor, Deputy China Research Director at Gavekal Dragonomics. “The Trump administration’s aggressive reassertion of the Monroe Doctrine will have far-reaching implications for China. It’s probably going to force a rethink of China’s import reliance on natural resources from many other Latin American countries.” Trump did not specify the exact origin of the oil. Venezuela does have a backlog of unshipped crude that has been piling up in storage tanks and aboard contracted ships since the US blockade began last month. Petroleos de Venezuela SA, the state-owned oil company, has been rapidly running out of space as the blockade drags on, according to maritime intelligence firm Kpler. Chevron Corp., meanwhile, is the last American company that’s still producing and exporting barrels from Venezuela under an exemption from US sanctions. It has booked a fleet of at least 11 ships to sail to the government-controlled ports of Jose and Bajo Grande. A Chevron representative didn’t immediately respond to requests for comment.

OGWAMA Vows to Sustain Rules Against Multiple Registration by Operators James Sowole in Abeokuta

The Ogun State Waste Management Authority (OGWAMA), has declared that it would not condole multiple and illegal registrations by individuals as private operators of waste management. The Managing Director and Chief Executive Officer of OGWAMA, Mr. Abayomi Hunye, stated the position of the organisation while reacting to a protest by some members of the

Association of Waste Manager, Vendors and Recyclers of Ogun State. Some members of the association had on Monday staged a protest at the Governor’s Office, Okemosan, Abeokuta alleging the OGWAMA management of some wrongdoings including extortion. Hunye in a statement said allegations by protesters were unfounded and the aggrieved persons were suspended executive members of the association.

The Managing Director said the suspension of the executive members was done in 2023 long before he assumed office, over some allegations that were not his concern. He said, “Upon assumption of office, I made it clear that OGWAMA would not aid, abet, or condone any form of illegality. My firm refusal to compromise institutional standards or shield wrongdoing is the real reason behind the current protest.

THISDAY • THURSDAY, JANUARY 8, 2026

NEWS

LORD’S CHOSEN CHARISMATIC REVIVAL MINISTRIES ANNUAL INTERNATIONAL CONVENTION...

L-R: Bayelsa State Governor, Sen. Douye Diri, and General Overseer, Lord’s Chosen Charismatic Revival Ministries, Pastor Lazarus Muoka, during the church’s Annual International Convention tagged “What God Has Determined Shall Be Done”, held in Mgbidi, Imo State …recently

Yilwatda: APC Nigeria’s Most Stable Party Launches e registration with Plateau governor

Yemi Kosoko in Jos National Chairman of All Progressives Congress (APC), Professor Nentawe Yilwatda, yesterday, said the ruling party had become the most stable and organised political platform in Nigeria. He attributed APC’s recent gains to data driven decision making, internal cohesion, and deliberate confidence building among party stakeholders. Speaking during a radio programme in Jos, Plateau State, Yilwatda said APC under his leadership had eliminated internal crises, resolved long standing

litigations, and strengthened its structures nationwide. He stated, “When I came in, I said I would improve party governance, and we have done that. We have stabilised the party. Previously, there were numerous court cases at both state and national levels. Today, all those cases have been withdrawn.” Yilwatda stated that the party successfully conducted congresses, caucus meetings, and two National Executive Committee (NEC) meetings without dissent, describing the development as evidence of “effective governance within the party”.

Yilwatda likened political management to a chess match, emphasising the importance of planning, foresight, and taking advantage of opponents’ weaknesses. “Politics is a game of numbers. Where are the numbers? Where do they reside? How do we bring those numbers to our side? If I can push you into making a mistake and take advantage of it, I will do it. That is the nature of the game,” he said. He added that APC had adopted a data driven approach to strengthen its electoral prospects, especially ahead of upcoming

elections in Osun, Ekiti, and the Federal Capital Territory. The APC chairman highlighted recent primaries, where multiple aspirants agreed on consensus candidates without litigation, citing it as proof of improved internal democracy. He explained that the party’s leadership had engaged aspirants through respected leaders they trusted, creating a sense of belonging and shared purpose. “When people see themselves as part of the system, they agree. They say, ‘We will work together and form the government together.’ This is the model we want other

political parties to copy,” he said. Yilwatda said APC’s stability had made it increasingly attractive, while many opposition parties continue to struggle with internal crises. Meanwhile, the chairman and Plateau State Governor, Caleb Mutfwang, jointly launched the APC electronic membership registration and revalidation exercise in Dengi, Kanam Local Government Area, and Langtang, Langtang North. The event drew massive crowds of party supporters and community stakeholders, signalling what many observers described as a significant shift in Plateau’s political dynamics.

Speaking at the flag off, Yilwatda said the nationwide e registration initiative was designed to strengthen inclusiveness, cohesion, and internal democracy within the APC. He assured members of a transparent process that would guarantee equal opportunities for all party faithful. The APC chairman expressed gratitude to Plateau citizens for their support to the current administration at the federal level, stating that ongoing reforms are aimed at stabilising the economy and laying foundations for long term growth.

COAS TOURS TERROR-RAVAGED NIGER AS BANDITS ATTACK OLD NATIONAL PARK IN OYO

children were accommodated at the command headquarters pending the arrival and proper identification of their parents or guardians. Nevertheless, the police commenced further investigation to ascertain the full circumstances surrounding the incident and to apprehend other possible collaborators involved in the crime. It said the suspects would be charged to court upon conclusion of investigation. The police reaffirmed its commitment to protection of life and property and urged members of the public to continue to support the police with timely and credible information to enhance proactive policing nationwide.

UN Urges Nigerian Authorities to Protect Civilians, Schools After Niger State Attacks

United Nations called on the Nigerian government to urgently strengthen the protection of civilians and educational institutions following a wave of violent attacks in Niger State and neighbouring areas that left dozens of people dead and many others abducted. UN Resident and Humanitarian Coordinator in Nigeria, Mohamed Fall, issued the appeal after assailants attacked a crowded market in Kasuwan Daji, Borgu Local Government Area of Niger State on January 3. Describing the recent attacks

as serious violations of human rights, the UN official stressed that assaults on civilians, particularly women and children, eroded the right to life and disrupted access to education. He warned that continued attacks on schools threat-ened children’s safety and undermined efforts to keep them in classrooms. The UN extended condolences to families, who lost relatives in the attacks, and wished those injured a speedy recovery. It also called for the immediate release of all abducted persons and urged Nigerian authorities to ensure that those responsible were brought to justice in line with national and international legal standards. Reaffirming its stance on education in emergencies, the UN reminded Nigeria of its commitment to the Safe Schools Declaration, which aimed to protect schools from military use and violent attacks. The organisation stated that recent incidents high-lighted the urgent need to translate the commitments into concrete action.

Five Feared Killed as Bandits Attack Old Oyo National Park

Suspected bandits, yesterday, attacked the old National Park Service (NPS) office in Oloka, Ori-re Local Government Area of Oyo State, leaving about five people dead and others critically injured.

Conservator of the park, Tesleem Kareem, who confirmed the incident, said the NPS office was attacked by bandits. Kareem said service personnel were killed during the attack. “It is true, we are in the process of evacuating the victims,” he said. The state Police Public Relations officer, DSP Olayinka Ayanlade, also confirmed the incident. Ayanlade said Oyo State Commissioner of Police and other service chiefs were on their way to the location, stating that the police commissioner has deployed officers to the affected area to prevent further breakdown of law and order.

Armed Herders Kill Five Farmers in Benue

Five farmers were killed by suspected armed herders during an attack on Udeku Maav-Ya community in Mbakyol Council Ward, Turan district of Kwande Local Government Area of Benue State. It was gathered that the incident occurred on Tuesday evening, while residents were harvesting yams and Bambara nuts, according to local accounts. Community sources said the sudden assault threw the area into panic and brought all farming and social activities to a halt. Confirming the killings, Chairman of Kwande Local Government Area, Tersua

Yarkwan, said five people lost their lives during the attack. Yarkwan explained that the assailants lingered in the community after carrying out the attack, a situation that heightened fear and tension among residents. He described Kwande as a vulnerable border local government that shared an international boundary with Cameroon, stating that the difficult terrain often hampers effective security operations. He warned that repeated attacks on farmers during the harvest period posed a serious threat to food production and security in the area. A former Supervisory Councillor in the local government, Akerigba Lawrence, also condemned the persistent violence against the community. Lawrence said residents had endured repeated assaults, destruction of farmlands, homes and economic trees, as well as restricted access to water sources. He identified three of the victims as Tyozua Gyuse, Gbaga Gyuse, and Tersuur Ijighka, adding that the identities of two others were yet to be confirmed.

Niger Reviews Schools Reopening Policy, All Institutions in Northern Senatorial District Remain Closed

Niger State Government, again, reviewed its schools reopening policy with a decision that all educational institutions (public

and private) in the Niger North Senatorial Zone should remain shut. The schools reopening policy was expected to take off on January 12, but following the massacre of not less than 40 villagers in Borgu and Agwara local government areas, the policy was reviewed. All schools in the state were last year closed following the abduction of 230 students, pupils and teachers from St Mary’s Catholic Primary Secondary School Papiri in Agwara Local Government Area. Commissioner for Education, Dr. Asabe Moham-med, while addressing a stakeholders’ meeting in Minna, stated regarding the government’s new position, “In view of the recent security incidents recorded on Sunday, 4th January 2026—particularly the attacks at Kasuwan Daji and the Mobile Police Quarters in Wawa, both in Borgu Local Government Area—the Niger State Government has conducted a fresh review of the security situation based on expert advice from security agencies. “Consequently, based on security concerns raised within the last forty-eight (48) hours in the Niger North Senatorial District, the government has approved the extension of the closure of all public and private schools in Zone C, pending further security clearance.” Mohammed, however, told

parents, guardians, and school authorities in Bida Metropolis in Zone A, as well as Minna, Bosso, and Suleja local government areas in Zone B, to proceed with preparations for resumption as earlier announced for both public and private (day and boarding) schools. She emphasised that the safety and well-being of students, teachers, school administrators, and the general public was the state government’s highest priority, which it would pursue religiously. The information officer in the ministry, Tumaka Priscilla, in a statement, said the inter-ministerial engagement formed part of a broader strategy by Niger State Government to reposition the education sector and safeguard the future of its children through proactive planning and collective responsibility. Priscilla added that the stakeholders resolved to intensify coordination, monitoring, and information sharing while also engaging school administrators, parents, and communities to sustain a culture of safety and vigilance. Chairman of Nigeria Union of Teachers in the state, Comrade Akayago Mohammed, said the union was in total support of any policy that would “protect the lives of our members and their pupils”. He added, “We want a conducive environment for our members to do their jobs.”

thursday january 8, 2026 • T H i s d ay

NEWS

PROVIDING HEALTHCARE FOR THE PEOPLE…

L–R: Chairman, Sagittarius Home & Properties, Lekki, Lagos, Mr. Gbenga Obasa; Convener, Medical Outreach and Founder/Chairman, Eleganza Group of Companies, Chief Razaq Okoya; Managing Director, Eleganza Industrial City Limited, Chief (Dr.) Folashade Noimat Okoya; Consultant to the Okoya @86 Medical Outreach, Dr. Temilade Longe, and Dr. Emeli Esther of Lagos State Primary Health Care Board, during day three of the Okoya Community Free Healthcare Outreach to mark Chief Okoya’s 86th birthday held at Oluwanishola Estate, Lekki–Ajah Expressway, Lagos…yesterday

Coalition: Redeployment of Matawalle ‘ll Strengthen Public Confidence in Terrorism War

Adedayo Akinwale in Abuja

The Coalition of Nigeria Civil Societies Against Terrorism has said that the redeployment of Minister of State for Defence, Hon. Bello Matawalle from the Ministry of Defence will strengthen public confidence.

The coalition said while it has nothing personal against Matawalle, it maintained that his redeployment to another ministry will not amount to condemnation; “rather, it will be a preventive, confidence-building decision that strengthens the war

effort.” The Convener of the coalition, Marvin Ibem, while addressing a press conference yesterday in Abuja insisted that the continued stay of Matawalle has become a growing source of public

anxiety for most Nigerians. He said: “Mr President, we respectfully call on you to: Act on the recommendation for redeployment in the overriding interest of national security; “Insulate the Defence

Ministry from all forms of suspicion, real or perceived; Entrust sensitive security responsibilities only to officials whose credibility is beyond question. “Such a decision will reassure Nigerians,

strengthen public confidence, and protect the gains already recorded in the war against terrorism. Nigeria is on the right path. But this war cannot afford complacency, internal doubts, or divided trust.

MACBAN, Berom Youths Bicker as Six Killed in Plateau

of Nigeria terrorists” ambushed Fulani sustained critical injuries. Investors Lose over $200,000 Fresh tension has gripped Association (MACBAN), Plateau State herders around Gero community The group described the chapter, and the Berom Youths in Jos South Local Government incident as part of a pattern to Ponzi Scheme in Ibadan Plateau State following conflicting Moulder-Association (BYM) Area at about 8.00p.m. on ofFulani“countless attacks” on herders in 2025 and that they were assured of accounts from two major presented sharply contrasting Monday. Kemi Olaitan inIbadan Yemi KosokoinJos

No fewer than 950 investors have reportedly lost over $200,000 to another Ponzi scheme in Ibadan, the Oyo State capital. The development, as made known by some of the investors at a press conference in Ibadan, yesterday, has resulted in the death of two persons while some are bedridden. Speaking on behalf of the investors, Mr. Abiodun Ayobami Mustafa, said they were lured into the investment by one Enoch Adeoye and his cohorts at Agape Trade and Agape Thrift, stating

mouth watering returns on the minimum investment of 200 dollars. According to him, “We were initially drawn to Agape Thrift and Agape Trade through various channels but not limited to street marketers, eye catching fliers and persuasive online adds. “We were made to believe that it is not a Ponzi scheme but government recognised investment scheme. “Not up to one tenth of the investors were able to collect a two month return on their investment which runs to millions of naira.

community groups over a series of deadly attacks that left at least six people dead across Jos South and Riyom Local Government Areas on January 6, 2026. In separate statements, the Miyetti Allah Cattle Breeders

narratives of the violence, each accusing the other of orchestrating the attacks. MACBAN, in a statement signed by its Plateau State Chairman, Ibrahim Yusuf Babayo, said suspected “Berom

According to the association, the victims were returning to their cattle shed after shopping in Gero when they were trailed and attacked. One man, Zakariya Abdullahi, was reportedly killed, while another, Jibrin Musa,

called on security agencies to intensify efforts to apprehend the perpetrators. MACBAN urged its members to remain calm and law‑abiding, pledging continued cooperation with security agencies.

Oporoza House Commends Tompolo for Nigeria’s Economic Revival Sunday Okobi

The leadership and membership of Oporoza House, on behalf of the entire Niger Delta region and the Izon Nation, have felicitated a leader in the region, High Chief Government Oweizide Ekpomupolo (popularly

known as Tompolo), for using his security company, Tantita Security Services, as a model in the protection of oil facilities, environmental remediation, and the Nigerian economic revival. The Oporoza House, in a statement made available to THISDAY yesterday by its Leader, Elder T. K.

Ọgọriba, and Secretary, Ambah Binaebi, commended Tompolo “for using Tantita Security Services, under the able leadership of High Chief Kestin Pondi, to set up a model in the protection of oil facilities, environmental remediation and the nationwide economic revival as exemplified in increased

revenue derivation to the federal government.” It added that the group also commended the Niger Delta leader for the engagement of several Niger Delta youths in the Tantita Security Services outfit, which, it added, has resulted in the financial empowerment of families.

fraudulent corporate filings carried out on two Abuja-based firms, Jonah Capital Nigeria Limited and Houses for Africa Nigeria Limited. The directive was conveyed in a correspondence signed by the Director of Public Prosecutions of the Federation (DPPF), M.B. Abubakar, on

behalf of the AGF. The decision followed a comprehensive review of all investigation files submitted by the Nigeria Police Force, including reports from both the Inspector-General of Police (IGP) Monitoring Unit and an earlier Special Investigation Panel (SIP). According to the DPPF, the

AGF concluded that there was no basis for criminal prosecution against Sir Samuel Esson Jonah, Mr. Kojo Ansah Mensah, Mr. Victor Quainoo, and Mr. Abu Arome, who had been accused of fraud and forgery in relation to the ownership and management of River Park Estate, Abuja.

NYF Commends Tinubu’s Economic Reforms CAC Boss Directed to Reverse Changes in Abuja Firms’ Corporate Filings

Folalumi Alaran in Abuja

The Northern Youth Frontiers (NYF) has commended President Bola Ahmed Tinubu for what it described as bold and transformative reforms aimed at restructuring Nigeria’s economy and strengthening the nation’s governance framework. In a statement issued by its Chairman, Sama Musa, the group said President Tinubu’s administration, despite operating in a period of unprecedented challenges, has prioritised long-term stability, growth and prosperity for Nigerians through far-reaching policy decisions. According to the NYF, the

removal of fuel subsidies, though initially difficult for citizens, represents a critical step towards fiscal responsibility and sustainable development. Musa said: “This decisive action, while initially difficult for many Nigerians, is a necessary step towards building a more resilient economy that is less dependent on oil revenues. The liberalization of the foreign exchange market and the unification of exchange rates have brought muchneeded stability to the Naira. “These steps are crucial in attracting foreign investment and enhancing the competitiveness of Nigerian businesses on the global stage.

Uzoma Mba

The Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), has directed the Registrar-General of the Corporate Affairs Commission (CAC), Hussaini Magaji, to cancel what he described as

MAPOLY Management Visits First Registrar, Folarin, at 81 The management of Moshood Abiola Polytechnic (MAPOLY), Abeokuta, has paid a courtesy visit to the institution’s first Registrar, Chief (Mrs.) Susan Aderonke Folarin, as she marked her 81st birthday yesterday, 7th January, 2026. The visit was in recognition of her

pioneering role and enduring contributions to the growth and development of the Polytechnic. According to a statement, the delegation was led by the Rector, Dr. ’Koye Jolaoso, who described the visit as an opportunity to celebrate “a seed that was planted

from nothing and has grown stronger over the years.” He noted that the former registrar laid the solid administrative foundation upon which MAPOLY stands today. Chief (Mrs.) Folarin served two terms as

Registrar between 1983 and 1991, during which she recorded several remarkable achievements and left lasting legacies. She later served as Permanent Secretary in the Ogun State Civil Service, Chairman of the Civil Service Commission, and Nigeria’s Ambassador to Spain.

THISDAY • THURSDAY, JANUARY 8, 2026

THURSDAYSPORTS

Group Sports Editor: Duro Ikhazuagbe Email: duro.ikhazuagbe@thisdaylive.com

0811 181 3083 SMS ONLY

Mahrez Insists Eagles No Strangers as Nigeria, Algeria Set for Mother-of-All Battle in Marrakech Duro Ikhazuagbe Captain of Algeria’s Desert Foxes, Riyad Mahrez, insisted yesterday that the Super Eagles

AFCON 2025 are no strangers to him and his teammates as both countries will

battle for the semifinal ticket in Marrakech on Saturday. The 34-year-old former Manchester City forward now earning petrodollars with Saudi

Arabia’s Al-Ahli, will lead the Desert Foxes in attempt to once again stop Nigeria from getting to the final of the AFCON 2025. It was Mahrez whose free-kick

in the semifinal stopped Super Eagles from progressing to the final of the 2019 edition hosted by Egypt. The Foxes won the encounter 2-1. Speaking to Elbotola shortly after Algeria fought a bruising battle to stop DR Congo in the Round of 16 and and set up a quarterfinal clash with Nigeria, Mahrez said: “Nigeria? We know them well, the match won’t be easy.” He also admitted that everyday was not Christmas for such goals. “Another last-minute free kick? We’ll see, anything is possible.” Mahrez stressed that the hardfought win against DR Congo, was a deserved victory for Algeria. “I think that overall, if the balance had to tip one way or the other, it would have been ours. We faced a good Congolese team, who played with cohesion and left few spaces, but we were solid. Saturday’s third quarter-final of the 35th Africa Cup of Nations is certainly the pick of the Last-8 clashes, as Nigeria’s Super Eagles and the Desert Warriors of Algeria clash for the 23rd time at senior level, since their first encounter at the 2nd All-Africa Games in Lagos 55 years ago. Games between both teams over

the past five-and-half decades have been laced with thrills and frills, shocking scorelines, drama, endgame flips, stunning comebacks, awesome performances by star players, and a bit of infamy. The encounter in Marrakech will be the 10th time that both countries will clash in African football’s biggest championship, with Nigeria having won only three of the previous nine duels. Algeria have won four, and the other two have ended in stalemates. One stalemate was the infamous clash of Bouake in 1984, when both teams were suspected to have ‘reached an accord’ to play a scoreless draw in order for both teams to qualify to the semi-finals, and get Cup holders Ghana eliminated. Nigeria defeated Algeria to win their first AFCON trophy on home soil in 1980, and 10 years later in 1990, Algeria defeated Nigeria to win their first AFCON on home soil! Marrakech, Morocco’s fourth largest city, is set to host a massive showdown that will create its own story as a chapter in the book of one of African football’s greatest rivalries.

Zenith Bank to Maintain it’s Backing for Sports Devt in 2026 L-R: Super Eagles defenders, Calvin Bassey and Bruno Onyemaechi in fierce battle for ball possession against a Mozambique forward during the AFCON Round of 16 clash in Fes, Morocco...on Monday

Another Needless Super Eagles Bonus Row Threatens to Erupt Today Glory-seeking Super Eagles are at it again with threats from the players not to train today or even leave their hotel rooms in Fes to board bus to Marrakech, venue of their AFCON 2025 quarterfinal clash with Algeria on Saturday. However, while the social media was abuzz with the news of another bonus strike looming, THISDAY learnt from a top sport official that the threat was an unnecessary distraction for the team. “I don’t know what all these noise is all about. Why will Super Eagles go on another needless striker after they have agreed that they will earn their bonuses in dollars in their domiciliary accounts anytime from now?” Observed the top sports official on Wednesday evening. Although the players and officials are yet to get paid for the three wins in the group stage plus the Round of 16 victory, “the money will hit their accounts from the Central Bank. We have no

control over that since we have done the needful for the money to be paid to them,”revealed the official who would not want his name in print. He said that if only Eagles had accepted to be paid in Naira, they would have long collected the bonuses. “ But we know majority of the players do not live in Nigeria. This was why we had to agree for the money to be paid into their Domiciliary accounts. The money for all group matches against Tanzania, Tunisia and Uganda was ready since last week. The team’s secretary informed the players and asked if they will want the monies paid directly into their Naira account as this monies were paid in the Nigeria currency but the players insisted that they want the money paid in dollars. This was what brought the Central Bank into the picture,” he noted. Last month in Morocco, the Super Eagles stayed away from training ahead of a CAF 2026

World Cup Playoffs clash against Gabon to protest outstanding bonuses and allowances. Although they defeated Gabon, they lost out in penalty shootouts to DR Congo in the final qualification playoffs game . Now, with the AFCON 2025 quarter final ahead in barely 48 hours, another training is about to be aborted

through needless agitation. According to the bonus layout agreed with the team, each Super Eagles player stands to get $12,500 each for their second round victory against Mozambique; another $15,000 if they beat Algeria in the quarter final; a graduated sum of $17,500 is on the line for each player to pick up for a semi final victory and $20,000 each if

The Management of Zenith Bank Plc has expressed the desire to maintain its position of taking sports to the next level with its activities in the New Year. Chief Executive Officer and Group Managing Director of the outfit, Dame Adaora Umeoji, has reaffirmed the commitment of the apex bank to sports development. She said that in the New Year, Zenith Bank would do much more to take its respective sports events to higher levels respectively. Umeoji said: “We are always deliberate with our dealings with sports. We are committed to do it again in the New Year. We are proud of what we are doing and we will do more. “Over the years, we have made our marks with our sponsorship of sports events especially basketball in which the women national team in recent times has some of our products representing Nigeria and

winning laurels. “We have also been consistent with youth development drives in the past years because the purpose is to help build future champions for the country in their respective sports disciplines.” Zenith Bank are the sole sponsor of the annual national women’s basketball league, the outfit also sponsors the annual Delta State Principals Cup and the Headmasters Cup. The bank also sponsors tennis and swimming at elite social club level. For basketball, the consistency in about two decades has raised the standard of the national women team with many players graduating from the league to join D’Tigress of Nigeria. D’Tigress only last year won the AfroBasket Competition for the fifth consecutive time. The team was thereafter treated to a lavish reception in Abuja by Zenith Bank.

Australian Open Offers Record Prize Money Purse

The Australian Open will offer a record prize pot of £55million at this year’s tournament - but players are said to be “disappointed” it does not represent a greater share of the Grand Slam’s total revenue. Total prize money of A$111.5m represents a 16% increase on last year and is the largest player fund in the tournament’s history. The singles champions will receive $4.15m (£2.05m) - a 19% increase on the amount which 2025 winners Madison Keys and Jannik

Sinner took home. All singles and doubles players competing at the season-opening Grand Slam will get a minimum increase of 10%. “This increase demonstrates our commitment to supporting tennis careers at every level,” said Tennis Australia chief executive Craig Tiley. The move comes after a group of leading players ramped up the pressure on the Grand Slam tournamentsin October over increased prize money and greater player

welfare. But they are “likely to be disappointed” their key demands of the Australian Open and other Grand Slams have been “largely ignored”, a source close to the players’ group told BBC Sport. Star names including Sinner, Aryna Sabalenka and Alexander Zverev are among the top 20 men’s and women’s players asking the four majors for the whole field to receive a higher ratio of prize money-to-revenue.

The group also want more consultation about the structure of the sport, plus increased contributions from the Grand Slams into pension, healthcare and maternity pots. While Tennis Australia’s 2025 accounts have not yet been made public, the Australian Financial Review reported the governing body - whose income is largely generated by the Australian Open - earned $697.2m (£346m) in total revenue.

T H I S D AY • THURSDAY, JANUARY 8, 2026

Price: N400

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INDIA CONSUL GENERAL TOUR OF LAGOS FREE ZONE...

L-R: Deputy General Manager, Commercial, Lagos Free Zone (LFZ), Mr. Pramod Kothamasu; Deputy General Manager, Finance, LFZ, Mr. Madhav Banka; Managing Director/Chief Executive Officer, LFZ, Mrs. Adesuwa Ladoja; Consul General of India, Lagos, Shri Kannan Chockalingam; Commercial Manager, LFZ, Mr. Priyanshu Gupta; and Business Development and Marketing Manager, LFZ, Mr. Shiva Palle, during a tour of the Lagos Free Zone site by the Consul General of India in Lagos …recently

OLUSEGUNADENIYI THE VERDICT olusegun.adeniyi@thisdaylive.com

Maduro,Venezuela and the Hegemons

n a pre-recorded New Year’s Day interview aired on Venezuela State Television last Thursday, (then) President Nicholas Maduro pledged his preparedness for negotiations with the United States—though he expressed doubt as to the motives for the siege on his country. “What are they seeking? It is clear that they seek to impose themselves through threats, intimidation and force,” Maduro said before he added in a desperate tone devoid of his usual bravado: “The U.S. government knows, because we’ve told many of their spokespeople, that if they want to seriously discuss an agreement to combat drug trafficking, we’re ready. If they want oil, Venezuela is ready for U.S. investment, like with Chevron, whenever they want it, wherever they want it and however they want it.” Two days later, President Donald Trump made his intention clear. In a military invasion that has alarmed the world, US forces conducted a predawn raid on the Venezuelan capital Caracas, dragging Maduro and his wife from their residence before putting them on a flight to New York where they were arraigned in court on Monday. The image of Maduro, a fearsome dictator, first in handcuffs and later in ankle chains, tells a compelling story on the ephemeral nature of power that is built on fear and repression and the turning tides of history. But more significantly, it also speaks to how the ‘rules-based international order’ has been effectively replaced with that of ‘might is right’. Before I continue, it is important to stress that Maduro’s problem did not begin with the Trump administration. Nor is it only about Venezuela having the world’s largest proven oil reserves. Though Trump has certainly made clear in recent days how important petrodollars are to him. There are also geopolitical problems. Less than a year after Maduro assumed power following the death of his mentor, Hugo Chavez, on 9th March 2014, President Barack Obama signed an executive order declaring that “the situation in Venezuela ... constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States.” In response, Maduro said in a national broadcast that “President Obama has personally decided to take on the task of defeating my government and intervening in Venezuela to control it.” He also paraded the seven officials who had been banned from entering the US, hailing them as “heroes” and naming one of them, Gustavo Gonzales, as his new interior minister. But while the acrimonious relationship between the US and Venezuela predates Trump, he has taken it to an unprecedented level. Echoing the view by the United Nations, African Union and other international organisations, an Australian international relations analyst, Michael Shoebridge, said what happened to Maduro would have global implications. “Trump

Maduro really has put meat on the bones of the words in his national security strategy, which said America was going to dominate the Western Hemisphere, and encouraged other major powers to exert more power in their own near neighbourhoods,” Shoebridge said. “Doing a military raid like this to abduct a foreign leader clearly breaks international law and it sets a very fresh precedent for any other country contemplating this kind of thing.” With Maduro ousted by the Americans and given the manner they did it, three countries (Iran, Russia and China) may have lost their influence in Venezuela. But as Shoebridge also argued, China and Russia may now “feel licensed” to act in a similar way to the US in their own territorial conflicts. That does not bode well for the war-weary Ukraine where Russia is concerned and China could also “feel emboldened by what Trump has just done” on its ambition over Taiwan and its 24 million people. Those prospects become even more plausible with the Trump administration now discussing “a range of options”, including the use of military force, to acquire Greenland, a European semi-autonomous territory in Denmark that is paradoxically under the protection of the American-led NATO! For sure, there are interesting days, weeks and months ahead as we witness a new global order that has little temperament for alliances. But what does it all mean for us in Nigeria? The thrust of this piece is not to compare Venezuela with Nigeria, though there are several parallels to draw between the two countries, especially regarding what has been aptly described as the ‘Dutch Disease’. In his book, ‘The Oil Curse: How Petroleum Wealth Shapes the Development of Nations,’ Michael Lewin Ross explained how “the process that causes a boom in a country’s natural resource sector to produce a

decline in its manufacturing and agricultural sectors” has impacted negatively on many countries, including Nigeria and Venezuela. This sudden oil wealth that fluctuates unpredictably, he argued, usually creates a rentier state in which the economy is dependent not on taxation but on “the income derived from the gift of nature.” The lack of transparency and accountability as well as bad leadership that follow are just consequences of this state of affairs. That indeed has been the story of both Venezuela and Nigeria, although I must also concede that ideologically, the latter has adopted a free-market economy with all its contradictions while the former is a socialist state. But just like it happened in Venezuela, subsidies targeted on consumption in the critical sector blew up in our faces, especially when oil prices crashed rather dramatically. Both countries are also import-dependent. We are now rid of subsidies in the downstream sector of the petroleum industry and multiple exchange rates, but Nigeria is also borrowing heavily for recurrent expenditure, one of the problems that have plagued Venezuela for years. The greater problem for Venezuela, however, is having to contend with a powerful hegemon. In a recent column, ‘Trumpland 2025: I Saw It Coming’, following the release of the US national security strategy, I referenced what Erik Solheim, a Norwegian diplomat who served as Minister for International Development and also Environment in his country as well as Under Secretary General of the United Nations and UNEP Executive Director, wrote on his X (formerly Twitter) handle: “Dominate the Americas, respect China, undermine Europe, ignore India, retreat from the Middle East, don’t give a damn for Africa. These are the true headlines of the new US National Security Strategy released this week.” That exactly is what is playing out in Venezuela regarding the Americas and it may not stop there. Last Sunday, US Secretary of State, Marco Rubio, warned Cuba. “It was Cubans that guarded Maduro. He was not guarded by Venezuelan bodyguards,” he said. “This is the Western Hemisphere. This is where we live—and we’re not going to allow the Western Hemisphere to be a base of operation for adversaries, competitors, and rivals of the United States.” And in Europe, the American annexation of Greenland is already loading. For Nigerians who live on fantasy island on grounds of religion or for political reasons, they must come to terms with the reality that there is no salvation from Washington DC. The United States will always act in its own interest and those urging similar invasion of their country do not understand the nature of this game. I wonder where the Diasporan Iraqis who were egging President George Bush on in 1991 with ‘Operation Desert Storm’ are now. Or the Libyan opposition politicians who collaborated with President Obama to upend Muammar Ghaddafi.

Besides, is it not instructive that in Venezuela, the US is now dealing with the same Maduro regime by allowing Vice President Delcy Rodriguez to assume power? That essentially is because such a transition better serves American interests—at least for now. All said, the situation in Venezuela continues to unfold and nobody is sure how things will eventually pan out. Not even the US can predict what happens in the weeks and months ahead in that country. But what the fall of Maduro teaches is the fragility of political power, especially for leaders who believe in the myth of their own invincibility. Beyond that, it is now also clear that territorial integrity is an illusion in an age when regional powers believe impunity is the name of the game and their leaders can act without scruples or restraint.

Tambuwal

Tambuwal @ 60

hen I arrived in Abuja in June 2007 to assume office as presidential spokesman, Aminu Waziri Tambuwal was one of the few politicians with whom I struck a meaningful friendship. He was at that period the Deputy Majority Whip in the House of Representatives. Although he would later become the House Speaker and then Governor of Sokoto State, our friendship has endured. In Nigeria’s often turbulent politics, Tambuwal has fought and won numerous battles since he emerged on the national scene two decades ago. In these battles, he has not only had his mettle tested but has also proved himself. His politics of bridge-building across artificial divides and impressive leadership style have opened doors that would ordinarily be shut against others. As he turns 60 on Saturday, I can only wish Tambuwal long life and good health.

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