Politics
Atiku Urges Tinubu to Explain Oando’s Accelerated AGIP/ENI Deal Approval
Atiku Demands Government’s Explanation for Oando’s Preferential Treatment in AGIP/ENI Deal
Former Vice President of Nigeria, Atiku Abubakar, has called on the Nigerian government to explain why Oando Plc, owned by President Bola Tinubu’s nephew, received accelerated approval to purchase the onshore assets of AGIP and ENI.
He highlighted the contrast with other transactions, such as the Shell/Renaissance deal and the Mobil/Seplat transaction, which continue to face delays.
Atiku accused the government of granting Oando undue preferential treatment in the oil and gas sector, sidelining more competent investors.
In a statement signed by his Special Assistant on Public Communication, Phrank Shaibu, Atiku criticized Tinubu’s administration for implementing what he described as a sham subsidy regime.
The 2023 Presidential candidate of the Peoples Democratic Party (PDP) also condemned the House of Representatives for failing to take appropriate action against the Nigerian National Petroleum Company Limited (NNPCL). He accused the NNPCL of mortgaging the nation’s oil assets to vested interests.
Atiku pointed out that within just eight months, the Nigerian Upstream Production Regulatory Commission (NUPRC) approved the divestment of ENI/AGIP’s onshore assets to Oando.
He also noted that during the same period, Nigeria controversially withdrew all litigation against Shell/ENI in the OPL 245 scandal, which he suggested was a quid pro quo arrangement.
Atiku expressed his dismay by saying, “Ideally, democracy ought to be the government of the people, for the people, and by the people. But democracy in Nigeria has become the government of Tinubu, by Tinubu, and for Tinubu and his family members.”
In July 2023, the House of Representatives, following a motion by Miriam Onuoha, directed NNPC Ltd to suspend the acquisition of OVH assets pending an investigation by its committee.
The House ad-hoc committee requested NNPC Ltd to provide information on several items, including registration documents and history from the Corporate Affairs Commission (CAC) for OVH, Nueoil, and NNPC Retail Limited (NRL), as well as the Board Resolution of NNPC Ltd on the purchase of OVH, audited financial statements, and management accounts from 2015 to date for OVH, Nueoil, NRL, and NNPC Ltd. They also requested payroll records and tax payment evidence from 2015 to date for NRL and OVH.
However, NNPC ignored these requests and proceeded to transfer its ownership and properties in its retail arm to OVH, which Atiku argued was mortgaging the future of Nigerians.
News
I’m Ready To Take Hard Decisions For Nigeria To Move Forward – Tinubu
President Tinubu Pledges Bold Decisions for Nigeria’s Progress
President Bola Tinubu has affirmed his commitment to making the tough decisions needed for Nigeria’s progress. He acknowledged the challenge of achieving national consensus on various issues but underscored that such decisions are crucial for the country’s advancement.
Wrapping up his official visit to China, President Tinubu met with the Nigerian community and members of the Nigerians in Diaspora Organization (NIDO China) at the China World Hotel. He described the trip as highly successful and beneficial.
During his visit, President Tinubu engaged in discussions with Chinese leaders, including President Xi Jinping and Premier Li Qiang, and participated in the 2024 Forum on China-Africa Cooperation (FOCAC). The focus was on boosting collaboration in areas such as infrastructure, trade, finance, energy, the green economy, and mining.
Addressing Nigerians in China, President Tinubu emphasized the importance of representing Nigeria positively and being exemplary citizens. He highlighted the need for discipline and dedication, drawing inspiration from China’s disciplined society.
The President encouraged Nigerians abroad to embrace their diversity, follow local laws, and project a positive image of their country. He stated:
“Nigeria is undergoing significant reforms, and we are making bold and unprecedented decisions. You might have heard recent news about fuel prices at home. But can we avoid these tough choices if we want to improve our infrastructure, like roads, electricity, and water supply? We aim to hand over a better future to our children, and that requires us to make hard decisions now.”
News
BREAKING: President Tinubu Leaves China, Heads To Another Country
President Tinubu Wraps Up China Visit and Heads to London via Dubai
On Friday, September 6th, President Bola Tinubu concluded his official visit to China and is now en route to London, United Kingdom, with a stopover in Dubai.
Bayo Onanuga, Tinubu’s Special Adviser on Information and Strategy, confirmed that the President will travel to the UK via Dubai.
During his visit, President Tinubu assured Nigerians in China that his administration is committed to good governance and aims to replicate China’s successes for the benefit of Nigeria. He made these remarks during a meeting with the Nigerians in Diaspora Organization in China (NIDO China) and the Nigerian community at the China World Hotel in Beijing.
The meeting marked President Tinubu’s final official engagement in China before his departure for London.
President Tinubu described his visit to China as “very good and successful.”
Politics
Why We Declared 2023 Presidential Election Results At 2AM – INEC
Eighteen months after the 2023 presidential election, the Independent National Electoral Commission (INEC) has addressed concerns regarding the timing of the result announcement made in the early hours of March 1, 2023.
In that election, President Bola Tinubu, representing the All Progressives Congress (APC), was declared the winner with 8,794,726 votes, defeating his rivals: Atiku Abubakar of the Peoples Democratic Party (PDP), Peter Obi of the Labour Party (LP), and Rabiu Kwankwaso of the New Nigeria Peoples Party (NNPP).
The announcement, made by INEC Chairman Professor Mahmood Yakubu at approximately 2 a.m. on Wednesday, March 1, led to questions from some Nigerians who wondered why the results were declared during the early hours instead of the daytime.
Rotimi Oyekanmi, Chief Press Secretary (CPS) to the INEC Chairman, responded by explaining that during presidential elections, Nigeria is treated as a single constituency. This means the collation of results from across the entire country is a lengthy process.
He emphasized that the process involves waiting for results from polling units, wards, local governments, and states, all of which must be presented at the national level in Abuja.
“The Chairman had to wait for 36 returning officers, including those from remote areas such as Sokoto and Maiduguri, to present their results as required by law,” Oyekanmi explained.
He also clarified that neither the Constitution nor the Electoral Act specifies a particular time for announcing election results.
“In a presidential election, the entire country is treated as one constituency. Results are declared at polling units, then collated at the ward, local government, and state levels before being presented in Abuja to the Chief Electoral Commissioner. Many people misunderstood this process and criticized the 2 a.m. announcement,” Oyekanmi said.
Oyekanmi further noted that the INEC Chairman must personally interview the returning officers, questioning them and possibly sending them back if their reports are unsatisfactory.
“Only after all figures from the returning officers, including those from the Federal Capital Territory (FCT), are accepted, can the results be collated and announced. The delay led to claims that we declared the results in the middle of the night,” he added.
He also referenced a similar situation in 2015, stating: “Prof. Attahiru Jega declared the 2015 results around 4 a.m. The constitution does not prescribe a specific time for declaring election results.”
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